By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange hit the N4 trillion milestone on Friday, October 4, 2024, after it closed higher by 7.6 per cent when trading activities finished for the last session of the week.
The value of the unlisted securities exchange grew by N281.77 billion during the session to settle at N4.005 trillion, in contrast to the preceding day’s N3.723 trillion.
In the same vein, the NASD Unlisted Security Index (NSI) went up by 205.38 points to wrap the day at 2,919.36 points compared with 2,713.98 points recorded at the previous session.
There was a rise in the value of shares traded yesterday by 677.9 per cent to N1.13 billion from the N145.3 billion recorded on Thursday, while the volume of securities traded in the closing session of the week went down by 45.9 per cent to 3.6 million units from 6.7 million units, with the number of deals appreciating by 80.3 per cent to 119 deals from the 66 deals carried out in the preceding trading day.
At the concluding session, there were six price gainers against one price loser.
Aradel Holdings Plc appreciated by N62.12 to end at N683.30 per unit from the previous day’s N621.18 per unit, Okititpupa Plc gained N1.24 to close at N13.70 per share versus N12.46 per share, and Acorn Petroleum Plc improved by 10 Kobo to settle at N1.44 per unit, in contrast to the preceding session’s N1.34 per unit.
Further, Central Securities Clearing System (CSCS) Plc ended with a price appreciation of N1.32 to trade at N23.27 per share compared with Thursday’s closing price of N21.95 per share, FrieslandCampina Wamco Nigeria Plc rose by N1.86 to N46.00 per unit from N44.14 per unit, and Afriland Properties Plc grew by 66 Kobo to end the session at N18.00 per share versus the preceding closing rate of N17.34 per share.
On the flip side, Geo-Fluids Plc went down by 2 Kobo to sell at N3.32 per unit versus N3.34 per unit.
Aradel Holdings Plc remained the most active stock by value (year-to-date) with 14.2 million units worth N46.1 billion, Okitipupa Plc came next with 750.9 million units valued at N7.7 billion, and Afriland Properties Plc was in third with 295.7 million units sold for N5.3 billion.
Geo-Fluids Plc closed the day as the most active stock by volume (year-to-date) with 944.8 million units sold for N2.6 billion, Okitipupa Plc came next with 750.9 million units valued at N7.7 billion, and Afriland Properties Plc followed with 295.7 million units worth N5.3 million.