By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange recorded a 0.85 per cent depreciation on Tuesday, August 13, as a loss in the stock price of Aradel Holdings Plc dragged the unlisted securities bourse into the red zone.
Aradel Holdings, which is the most valued stock since the year began, recorded a N116.40 loss to close at N4,712.86 per unit compared with the previous day’s N4,829.26 per unit.
Consequently, the market capitalisation of the trading platform shrank by N17.31 billion to settle at N2.026 trillion compared with the preceding day’s N2.043 trillion, and the NASD Unlisted Security Index (NSI) depleted by 12.63 points to wrap the session at 1,478.89 points compared with the 1,491.52 points recorded at the previous session.
Business Post reports that NASD recorded three price gainers during the trading session, though they could not stop the market from declining yesterday.
Afriland Properties Plc appreciated by N1.51 to end at N17.46 per share versus the preceding day’s N15.95 per share, FrieslandCampina Wamco Nigeria Plc rose by N2.00 to end at N47.00 per unit versus N45.00 per unit, and Central Securities Clearing System (CSCS) Plc improved by 40 Kobo to close at N18.90 per share against the previous day’s N18.50 per share.
The volume of securities traded during the session increased by 127.9 per cent to 1.2 million units from 520,454 units, but the value of shares traded slid yesterday by 74.1 per cent to N364.7 million from N1.4 billion, and the number of deals jumped by 1.6 per cent to 65 deals from 64 deals.
Aradel Holdings Plc ended as the most active stock by value (year-to-date) with 9.6 million units worth N31.6 billion, followed by Afriland Properties Plc with 230.5 million units sold for N4.1 billion, and CSCS Plc with 105.8 million units valued at N2.5 billion.
Also, Capital Hotels Plc was the most active stock by value (year-to-date) with 259.6 million units worth N1.3 billion, trailed by Afriland Properties Plc with 230.5 million units valued at N4.1 billion, and Industrial and General Insurance (IGI) Plc with 218.8 million units sold for N46.1 million.