By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange recorded a decline of 2.90 per cent on Monday, April 8 after investors trimmed their holdings in Aradel Holdings Plc during the session.
The oil stock went down by N200.00 during the trading session to N1,800.00 per unit from the N2,000.00 per unit it traded in the preceding trading day, which was last Friday.
It weakened the 11 Kobo gained by Capital Hotel Plc yesterday. The share price of the hospitality firm, which joined the platform last week, ended at the session at N5.00 per unit compared with its previous N4.89 per unit.
As a result of the profit-taking in Aradel Holdings, the market capitalisation of the bourse closed lower by N43.10 billion to N1.442 trillion from N1.486 trillion, as the NASD Unlisted Security Index (NSI) went down by 31.47 points to 1,053.69 points from 1,085.16 points.
The value of securities traded during Monday’s session increased by 5,418.2 per cent to N1.2 billion from N20.9 million, as the volume of shares bought and sold by investors surged by 171,234.9 per cent to 228.6 million units from 133,412 units, with the number of deals appreciating by 66.7 per cent to 15 deals from nine deals.
At the close of business, IPWA Plc was the most traded stock by volume on a year-to-date basis with the sale of 79.9 million units for N40.0 million, followed by Mixta Real Estate Plc with a turnover of 69.9 million units worth N114.6 million, and Geo-Fluids Plc with the sale of 53.8 million units valued at N146.3 million.
In the same vein, Aradel Holdings Plc was the most traded stock by value on a year-to-date basis with 3.4 million units valued at N6.9 billion, trailed by Central Securities Clearing System (CSCS) Plc with a turnover of 43.2 million units sold for N1.2 billion, and Capital Hotel Plc with the sale of 228.6 million units worth N1.1 billion.