By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange recorded a 0.60 per cent appreciation on Monday, July 15 after Aradel Holdings Plc and Afriland Properties Plc led the market to the green territory.
Aradel Holdings Plc rose by N65.81 to end the session at N4,811.42 per unit, in contrast to last Friday’s price of N4,745.61 per unit, and Afriland Properties Plc expanded by 16 Kobo to settle at N17.00 per share compared with the preceding day’s N16.84 per share.
On the flip side, Purple Real Estate Plc lost 56 Kobo during the session to quote at N5.10 per unit versus the previous trading day’s price of N5.66 per unit.
When trading activities ended for the session, the market capitalisation added N12.23 billion to close at N2.057 trillion compared with last Friday’s N2.045 trillion and the NASD Unlisted Security Index (NSI) grew by 8.9 points to wrap the closing session at 1,501.29 points compared with 1,492.39 points recorded in the previous session.
There was a 120.8 per cent jump in the volume of shares traded yesterday to 540,605 units from the 224,795 units reported last Friday, while the value of securities traded at the session fell by 76.5 per cent to N82.1 million from N349.3 million, while the number of deals went down by 45.7 per cent to 19 deals from the 35 deals carried out in the preceding trading session.
Aradel Holdings Plc ended the session as the most active equity by value on a year-to-date basis with a turnover of 6.9 million units worth N19.5 billion, trailed by Afriland Properties Plc with 230.4 million units sold for N4.1 billion, and Central Securities Clearing System (CSCS) Plc with 101.9 million units valued at N2.5 billion.
Capital Hotels Plc finished as the most traded stock by volume on a year-to-date basis with the sale of 259.6 million for N1.3 billion, followed by Afriland Properties Plc with 230.3 million units valued at N4.1 billion and Industrial and General Insurance (IGI) Plc with 218.8 million units worth N46.1 million.