By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange slid by 0.01 per cent on a drop in the stock price of UBN Property Plc on Thursday, July 25.
UBN Property Plc depreciated by 2 Kobo during the trading session to settle at N1.63 per unit, in contrast to the N1.65 per unit it ended in the previous trading session.
As a result, the market capitalisation of the bourse decreased by 110 million at the close of business to remain relatively unchanged at N1.995 trillion, and the NASD Unlisted Security Index (NSI) moderated by 0.08 points to wrap the trading session at 1,455.87 points compared with 1,455.95 points recorded in the previous session.
Trading data showed a surge in the volume of shares traded yesterday as investors bought and sold 1.01 million units of securities compared with the 55,033 units of securities on Wednesday, indicating a rise of 1,737.9 per cent.
However, the value of securities traded by the market participants declined by 93.1 per cent to N10.7 million from the N115 million recorded in the preceding session.
These transactions were carried out in 10 deals compared with the 40 deals executed in the preceding trading session, indicating a decline by 75 per cent.
Capital Hotels Plc finished the trading session as the most active stock by volume on a year-to-date basis with 259.6 million units valued at 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 worth N46.1 million.
Aradel Holdings Plc ended the day as the most active stock by value on a year-to-date basis with 7.5 million units worth N22.5 billion, trailed by Afriland Properties Plc with 230.4 million units valued at N4.1 billion, and Central Securities Clearing System (CSCS) Plc with 102.1 million units sold for N2.5 billion.