By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange extended its stay in the red territory by a further 0.23 per cent loss on Wednesday, August 14.
The unlisted securities market was further plunged by losses printed by the duo of FrieslandCampina Wamco Nigeria Plc and Aradel Holdings Plc.
They suppressed the 14 Kobo gained by Afriland Properties Plc, which closed at N17.60 per share compared with the previous day’s N17.46 per share.
Business Post reports that FrieslandCampina Wamco Nigeria Plc depreciated by N1.04 to settle at N45.96 per unit compared with Tuesday’s closing price of N47.00 per unit and Aradel Holdings Plc lost N12.86 to trade at N4,700.00 per share, in contrast to the previous day’s N4,712.86 per share.
As a result, the NASD Unlisted Security Index (NSI) retreated by 3.38 points to 1,475.51 points from the 1,586.04 points it closed on Tuesday, and the market capitalisation depleted by N4.63 billion to N2.021 trillion from N2.026 trillion.
The bourse recorded a 5,116.9 per cent surge in the volume of securities traded by investors to 62.5 million units from the 1.2 million units transacted a day earlier.
Equally, there was a 231.6 per cent jump in the value of shares traded yesterday to N1.2 billion from N364.7 million, while the number of deals went down by 46.2 per cent to 35 deals from the 65 deals achieved in the preceding trading session.
Afriland Properties Plc is now the most active stock by volume on a year-to-date basis with the sale of 292.8 million units for N5.2 billion, followed by Capital Hotels Plc with a turnover of 259.6 million valued at N1.3 billion, and Industrial and General Insurance (IGI) Plc with 218.8 million units worth N46.1 million.
Aradel Holdings Plc maintained its position as the most traded stock by value on a year-to-date basis with 9.6 million units valued at N31.7 billion, trailed by Afriland Properties Plc with 292.8 million units sold for N5.2 billion, and Central Securities Clearing Systems (CSCS) Plc with 105.8 million units worth N2.5 billion.