NASD Investors Portfolios

NASD OTC Exchange Records Marginal 0.03% Appreciation

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange closed the midweek session in the green territory as it saw a marginal 0.03 per cent ride on Wednesday, September 25.

The market capitalisation closed at N3.045 trillion against N3.044 trillion on record at the last session on Tuesday, indicating a rise of N910 million.

The NASD Unlisted Security Index (NSI) ended the day at 2,222.64 points, 0.72 points higher than the 2,221.92 points quoted at the preceding trading session.

At midweek, the volume of securities traded by investors increased by 6,494.2 per cent to 80.4 million units from the 1.22 million units transacted by market participants a day earlier.

Equally, there was a jump in the value of shares traded yesterday by 1,389.3 per cent to N222.7 million from the N14.9 million recorded in the previous trading day.

These transactions were carried out in 12 deals as against the 22 deals executed in the previous session, representing a 45.5 per cent decrease.

Aradel Holdings Plc remained the most active stock by value (year-to-date) with 11.2 million units worth N43.5 billion, Afriland Properties Plc was next with 293.3 million units valued at N5.2 billion, and Central Securities Clearing System (CSCS) Plc was in third with 107.3 million units sold for N2.6 billion.

Afriland Properties Plc closed the day as the most active stock by volume (year-to-date) with 293.3 million units sold for N5.2 billion, trailed by Capital Hotels Plc with 259.6 million units valued at N1.3 billion, and Industrial and General Insurance (IGI) Plc with 221.9 million units worth N46.7 million.