By Adedapo Adesanya
For a third straight session, the NASD Over-the-Counter (OTC) Securities Exchange on Thursday, August 28, recorded an impressive performance as it rose by 4.57 per cent.
The market capitalisation rose by N107.68 billion in value to close at N2.432 trillion compared with the preceding day’s N2.355 trillion and the NASD Unlisted Security Index (NSI) added 78.58 basis points to end the day at 1,797.85 points as against 1,719.27 points it recorded at the previous session.
Business Post reports that the market breadth index was at equilibrium during the session as there were two price gainers and two price losers.
Aradel Holdings Plc extended its rise by N539.55 yesterday to close at N6,739.55 per share compared to the previous day’s N6,200 .00 per share and UBN Property Plc gained 2 Kobo to end at N1.67 per unit versus the previous session’s N1.65 per unit.
On the flip side, Afriland Properties Plc lost N1.34 to end at N14.77 per share, in contrast to Wednesday’s closing price of N16.11 per share, and Central Securities Clearing System (CSCS) Plc dropped N1.56 loss to wrap the session at N18.91 per unit versus N20.47 per unit.
The volume of securities traded at the bourse jumped on Thursday by 856.4 per cent to 1.6 million units from 165,887 units, the value of transactions yesterday increased by 109.2 per cent to N674.8 million from N322.6 million, and the number of deals went down by 52.9 per cent to 40 deals from the 85 deals recorded a day earlier.
Aradel Holdings Plc finished the day as the most active stock by value (year-to-date) with 10.3 million units valued at N35.5 billion, followed by Afriland Properties Plc with 293.0 million units sold for N5.2 billion, and CSCS Plc with 106.2 million units worth N2.6 billion.
Afriland Properties Plc on its part ended as the most traded stock by volume (year-to-date) with 293.0 million units sold for N5.2 billion, trailed by Capital Hotels Plc with 259.6 million units valued at N1.3 billion, and Industrial and General Insurance (IGI) Plc with 218.8 million units worth N46.1 million.