By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange rose by 2.34 per cent in the 31st week of trading in 2024, with the value of the alternative bourse growing above the N2 trillion mark again.
In the preceding week (Week 30), the unlisted securities market closed at N1.969 trillion, but in five trading sessions last week, it gained N45.7 billion to close at N2.015 trillion.
In the same vein, the NASD Unlisted Security Index (NSI) recorded a 33.61 points rise to end the week at 1,470.23 points versus 1,436.62 points in Week 30.
The market overlooked worries in the Nigerian environment as a nationwide protest against hunger began midway into the trading week but spooked investors in earlier sessions.
The trading data showed that the total volume of trades during the week rose by 415.9 per cent to 13.35 million units from 2.6 million units in the previous week.
Also, the total value of transactions in the week climbed by 142.7 per cent to N2.6 billion from the N1.1 billion achieved a week earlier, and the number of deals went up by 80.99 per cent to 219 deals from 121 deals in the previous week.
Aradel Holdings Plc rose by 6.9 per cent to close at N4,641.18 per unit versus the previous week’s closing value of N4,341.72 per unit, and UBN Property Plc grew by 1.2 per cent to N1.63 per share from N1.65 per share.
But FrieslandCampina Wamco Nigeria Plc lost 16.3 per cent to close at N48.00 per share versus the previous week’s N55.80 per share, Afriland Properties Plc declined by 5.9 per cent to N16.00 per unit from N17.00 per unit, and Central Securities Clearing System (CSCS) Plc depreciated by 2.4 per cent to N20.00 per share from N20.50 per share.
In the week Aradel Holdings Plc the activity chart as the most active by value with N2.5 billion, FrieslandCampina Wamco Plc followed with N340 million, Geo Fluids Plc raked in N240 million, CSCS Plc posted N2 million, and Afriland Properties recorded N1 million.
But Geo Fluids Plc Plc was the most traded security by volume with 11.8 million units, trailed by FrieslandCampina Wamco Plc with 0.703 million units, Aradel Holdings Plc exchanged 0.592 million units, CSCS Plc Plc transacted 0.112 million units, and Afriland Plc transacted 0.093 million units.