By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange recorded a 0.17 per cent depreciation on Friday, September 6, extending the control of bears for a second day.
This came despite the 1 Kobo price appreciation recorded by Geo-Fluids Plc, trading at N2.42 per unit compared with the preceding day’s N2.41 per unit.
The decline suffered by the NASD OTC bourse was caused by the N1.00 lost by Central Securities Clearing Systems (CSCS) Plc, closing at N22.00 per share compared with Thursday’s closing price of N21.00 per share.
At the close of business, the market capitalisation went down by N4.96 billion to N2.967 trillion from the N2.972 trillion it finished a day earlier, and the NASD Unlisted Security Index (NSI) lost 3.62 points to wrap the closing session of the week at 2,165.59 points compared with the preceding day’s 2,169.21 points.
There was a jump in the volume of shares traded yesterday by 19.8 per cent to 478,832 units from the 399,799 units recorded on Thursday, but the value of securities traded at the session fell by 53.2 per cent to N249.1 million from N531.9 million, and the number of deals depreciated by 36.7 per cent to 50 deals from the 79 deals carried out in the previous trading day.
Aradel Holdings Plc ended the session as the most active stock by value on a year-to-date basis with a turnover of 10.8 million units worth N40.2 billion, trailed by Afriland Properties Plc with the sale of 293.1 million units for N5.2 billion, and CSCS Plc with a turnover of 106.7 million units valued at N2.6 billion.
Afriland Properties Plc finished the trading day as the most active stock by volume on a year-to-date basis with 293.0 million units worth N5.2 billion, followed by Capital Hotels Plc with the sale of 259.6 million units valued at N1.3 billion, and Industrial and General Insurance (IGI) Plc with a turnover of 218.9 million units for N46.1 million.