By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange recorded a marginal 0.02 per cent depreciation on Monday, April 29 after Aradel Holdings Plc ended in the bears’ territory.
The energy stock posted a decline of N1.04 during the session to settle at N2,144.65 per unit, in contrast to the preceding session’s N2,145.69 per unit.
As a result, the market capitalisation of Nigeria’s alternative stock exchange went down by N230 million to remain relatively flat at N1.489 trillion, as the NASD Unlisted Security Index (NSI) decreased at the close of transactions by 0.17 points to 1,087.51 points compared with the 1,087.68 points recorded last Friday.
The activity chart was mixed yesterday as the value of transactions rose by 7.1 per cent to N163.4 million from the N152.7 million achieved in the previous trading session.
However, the volume of trades reported in the trading day shrank by 61.0 per cent to 76,857 units from 197,220 units, and the number of deals depleted by 11.8 per cent to 15 deals from 17 deals.
At the close of business, Aradel Holdings Plc was the most active stock by value on a year-to-date basis with a turnover of 4.0 million units valued at N7.9 billion, trailed by Central Securities Clearing System (CSCS) Plc with 45.2 million units sold for N1.3 billion, and Capital Hotels Plc with 228.6 million worth N1.1 billion.
Capital Hotels Plc ended the day as the most active stock by volume on a year-to-date basis with 228.6 million valued at N1.1 billion, followed by IPWA Plc with the sale of 79.9 million units for N40.0 million, and Mixta Real Estate Plc with 69.9 million units sold for N114.6 million.