By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange dropped by 1.45 per cent on Wednesday, July 17 as the NASD Unlisted Security Index (NSI) fell by 22.11 points to settle at 1,500.01 points compared with the 1,522.12 points recorded in the previous session.
The loss was caused by two bellwethers, which brought down the market capitalisation by N30.3 billion to wrap the middle session at N2.055 trillion versus the preceding day’s N2.085 trillion.
Aradel Holdings Plc lost N139.71 to finish at N4,808.07 per unit compared with Tuesday’s closing price of N4,947.78 per unit, and FrieslandCampina Wamco Nigeria Plc depreciated by N1.05 to quote at N47.00 per share, in contrast to the preceding trading day’s N48.05 per share.
However, the share price of Purple Real Estate Plc increased by 51 Kobo to quote at N5.61 per unit compared with the previous day’s N5.10 per unit.
Trading data showed a jump in the value of securities traded at the session by 340.7 per cent to N1.3 billion from the N295.3 million worth of securities traded in the preceding session.
However, the volume of shares traded by investors fell by 80.4 per cent to 729,900 units from the 3.7 million units recorded on Tuesday, as the number of deals executed by the market participants went up by 57.7 per cent to 41 deals from the 26 deals carried out a day earlier.
Aradel Holdings Plc ended the trading day as the most traded stock by value on a year-to-date basis with 7.2 million units sold for N21.2 billion. The second spot was occupied by Afriland Properties Plc with 230.4 million units valued at N4.1 billion, and Central Securities Clearing System (CSCS) Plc stayed in third position with 101.9 million units valued at N2.5 billion.
The most traded equity by volume on a year-to-date basis was Capital Hotels Plc with 259.6 million worth N1.3 billion, followed by Afriland Properties Plc with 230.4 million units sold for N4.1 billion, and Industrial and General Insurance (IGI) Plc with 218.8 million units valued at N46.1 million.