By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange recorded a 0.27 per cent depreciation on Monday, August 19 after the price of Aradel Holdings Plc closed lower.
The value of the leading energy stock shrank by N25.00 during the session to settle at N4,675.00 per share compared with the preceding session’s N4,700.00 per share.
As a result of this, the total value of the bourse went down by N5.43 billion at the close of business to N2.024 trillion compared with last Friday’s closing value of N2.029 trillion.
In the same vein, the NASD Unlisted Security Index (NSI) decline by 3.97 points to wrap the session at 1,477.03 points compared with 1,481.00 points recorded at the previous session.
There was a 1,187.9 per cent rise in the volume of securities traded in the opening session of the week to 597,419 units from the 46,385 units traded in the preceding session.
Equally, there was a jump in the value of shares traded yesterday by 197.7 per cent to N126 million from the N42.3 million recorded in the preceding trading session.
These transactions were carried out in 32 deals, in contrast to the 20 deals executed in the preceding trading session, indicating a 60 per cent rise in the number of deals.
At the close of business, Aradel Holdings Plc was the most active stock by value on a year-to-date basis with the sale of 9.6 million units valued at N31.6 billion, Afriland Properties Plc occupied the second spot with a turnover of 292.8 million units sold for N5.2 billion, and Central Securities Clearing System (CSCS) Plc occupied the third spot with 105.8 million units worth N2.5 billion.
Afriland Properties Plc ended the trading day as the most active stock by volume on a year-to-date basis with 292.8 million units worth N5.2 billion, followed by Capital Hotels Plc with 259.6 million units valued at N1.3 billion, and Industrial and General Insurance (IGI) Plc with the sale of 218.8 million units for N46.1 million.