By Adedapo Adesanya
There was a flat outcome at the NASD Over-the-Counter (OTC) Securities Exchange despite three price movements comprising two price gainers and one price loser on Thursday, July 18.
Purple Real Estate Plc added 56 Kobo to its previous day’s value of N5.61 per unit to settle at N6.17 per unit, and Aradel Holdings Plc appreciated by N23.15 to settle at N4,831.22 per share, in contrast to the preceding session’s N4,808.07 per share.
On the flip side, 11 Plc was the sole decliner, shedding N20.25 during the session to close at N182.70 per unit compared with the midweek’s closing price of N202.95 per unit.
But despite these price movements, the market capitalisation remained unchanged at N2.055 trillion and the NASD Unlisted Security Index (NSI) stayed intact at 1,500.03 points like in the previous session.
However, the activity level changed as the volume of securities traded at the bourse went down by 33.9 per cent to 479,556 units from the previous day’s 724,900 units, the value of transactions equally decreased by 70.9 per cent to N337.9 million from Wednesday’s N1.3 billion, and the number of deals shrank by 31.7 per cent to 28 deals from the 41 deals recorded a day earlier.
At the close of transactions, Aradel Holdings Plc remained the most traded stock by value on a year-to-date basis with the sale of 6.9 million units for N19.5 billion, followed by Afriland Properties Plc with a turnover of 230.4 million units worth N4.1 billion, and Central Securities Clearing System (CSCS) Plc with 101.9 million units valued at N2.5 billion.
The most active stock by volume on a year-to-date basis was Capital Hotels Plc with a sale of 259.6 million valued at N1.3 billion, trailed by Afriland Properties Plc with a turnover of 230.3 million units worth N4.1 billion, and Industrial and General Insurance (IGI) Plc with the sale of 218.8 million units for N46.1 million.