By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange was pulled down by 0.28 per cent on Thursday, November 14 by four securities admitted to the trading platform.
Yesterday, the market capitalisation of the alternative stock exchange shrank by N3.53 billion to N1.046 trillion from the N1.049 trillion recorded in the preceding session.
Equally, the NASD Unlisted Security Index (NSI) went down at the close of trading activities by 8.56 points to wrap the session at 2,984.49 points compared with 2,992.85 points recorded on Wednesday.
Central Securities Clearing System (CSCS) Plc lost 59 Kobo during the trading day to finish at N20.91 per share versus the midweek’s N21.50 per share, as FrieslandCampina Wamco Nigeria Plc depreciated by N1.10 to trade at N43.90 per unit versus N45.00 per unit.
In addition, Acorn Petroleum Plc declined yesterday by 1 Kobo to sell for N1.89 per share compared with the previous day’s N1.90 per share, and 11 Plc suffered a loss of N1.00 to quote at N206.00 per unit compared with the preceding day’s N207.00 per unit.
Business Post reports that three stocks gained weight on Thursday, with Okitipupa Plc chalking up N2.03 to sell for N22.35 per share, in contrast to the preceding day’s N20.32 per share.
Further, Nipco Plc gained N4.38 to settle at N123.38 per unit compared with the N119.00 per unit it traded a day earlier, and Afriland Properties Plc improved its value by 52 Kobo to end the session at N17.32 per share versus the preceding closing rate of N16.80 per share.
The volume of securities traded in the session went down by 52.9 per cent to 1.19 million units from 2.5 million units, but the value of securities increased by 108.2 per cent to N21.3 million from N10.2 million, and the number of deals jumped by 73.7 per cent to 33 deals from 19 deals.
Geo-Fluids Plc remained the most active stock by volume (year-to-date) with 1.6 billion units sold for N3.9 billion, Okitipupa Plc came next with 752.2 million units valued at N7.8 billion, and Afriland Properties Plc was in third with 296.7 million units worth N5.3 million.
Aradel Holdings Plc remained the most active stock by value (year-to-date) with 108.7 million units worth N89.2 billion, followed by Okitipupa Plc with 752.2 million units valued at N7.8 billion, and Afriland Properties Plc with 296.7 million units sold for N5.3 billion.