Sun. Nov 24th, 2024
unlisted stocks Nigeria

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange made a marginal 0.01 per cent rise on Thursday, October 31.

The Unlisted Security Index (NSI) added 0.37 points to wrap the session at 3,003.48 points compared with 3,003.11 points recorded at the previous session.

Also, the market capitalisation of the bourse went up by N130 million during the trading day to settle at N1.052 trillion compared with the preceding day’s N1.052 trillion.

The market breadth index was positive yesterday after the unlisted securities market ended with three price gainers and two price losers, indicating a bullish investor sentiment.

Nipco Plc gained N9.60 to trade at N105.63 per share versus Wednesday’s closing price of N96.03 per share, UBN Property Plc appreciated by 13 Kobo to settle at N1.80 per unit compared with midweek’s N1.67 per unit, and Central Securities Clearing System (CSCS) Plc rose by 23 Kobo to close at N23.27 per share, in contrast to the N23.50 it traded a day earlier.

On the flip side, FrieslandCampina Wamco Nigeria Plc depreciated by N1.80 to finish at N43.20 per unit versus N45.00 per unit, and Acorn Petroleum Plc slid by 2 Kobo to end the session at N1.99 per share compared with the previous session’s N2.01 per share.

The volume of shares bought and sold at the alternative stock market decreased by 95.3 per cent yesterday to 161,502 units from 3.4 million shares, the value of securities traded during the session went down by 69.6 per cent to N4.9 million from N15.9 million, and the number of deals increased by 53,3 per cent to 23 deals from 15 deals.

Geo-Fluids Plc ended the day as the most active equity by volume (year-to-date) with 1.6 billion units sold for N3.8 billion, Okitipupa Plc came next with 751.3 million units valued at N7.7 billion, and Afriland Properties Plc followed with 296.6 million units worth N5.3 million.

Aradel Holdings Plc remained the most active stock by value (year-to-date) with 108.7 million units worth N89.2 billion, Okitipupa Plc came next with 751.3 million units valued at N7.7 billion, and Afriland Properties Plc was in third with 296.6 million units sold for N5.3 billion.

By Adedapo Adesanya

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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