Value of NASD OTC Exchange Rises N84.49bn

May 28, 2024
NASD OTC securities exchange

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange increased by 4.7 per cent on Monday, May 27 after four stocks improved their prices at the close of trading activities.

This raised the market capitalisation of the bourse by N84.49 billion to N1.895 trillion from N1.810 trillion, as the NASD Unlisted Security Index (NSI) rose by 61.68 points to wrap the trading session at 1,383.63 points compared with 1,321.95 points recorded in the previous session.

11 Plc chalked up N18.68 during the trading day to sell for N211.00 per unit versus last Friday’s closing price of N192.32 per unit, Aradel Holdings Plc gained N354.42 to trade at N4,035.32 per share compared with the previous session’s N3,680.90 per share, Afriland Properties Plc appreciated by N1.32 to N16.30 per unit from N14.98 per unit, and FrieslandCampina Wamco Nigeria Plc gained 2 Kobo to quote at N50.00 per share, in contrast to the previous session’s N49.98 per share.

On the flip side, Acorn Petroleum Plc fell by 10 Kobo to end the session at 94 Kobo per unit versus N1.04 per unit, and Central Securities Clearing System (CSCS) Plc lost 18 Kobo to trade at N19.80 per share versus N19.98 per share.

Trading data showed a slump in the volume of shares traded yesterday by 69.2 per cent to 432,537 units from 1.4 million units, while the value of transactions went up by 45.3 per cent to N249.4 million from N171.7 million, and the number of deals increased by 31.2 per cent to 42 deals from 32 deals.

Aradel Holdings Plc finished the trading day as the most active stock by value on a year-to-date basis with 5.3 million units valued at N11.9 billion, followed by CSCS Plc with 100.7 million units sold for N2.4 billion, and Capital Hotels Plc with 228.6 million units worth N1.1 billion.

Capital Hotels Plc closed the day as the most active stock by volume on a year-to-date basis with 228.6 million units worth N1.1 billion, trailed by Mixta Real Estate Plc with 139.8 million units sold for N240.1 million, and CSCS Plc with 100.7 million units valued at N2.4 billion.

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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