By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange rose by 2.4 per cent in Week 41 of the 2024 trading year.
The alternative bourse maintained its N4 trillion market valuation in the week after chalking up N95.56 billion to close at N4.101 trillion, in contrast to the preceding week’s N4.005 trillion.
Also, the NASD Unlisted Security Index (NSI) recorded a 69.64-point gain to end the week at 2,989.00 points versus the 2,919.36 points it ended at Week 40.
Eight stocks made it to the gainers’ chart and two ended on the losers’ table.
Acorn Petroleum Plc gained 38.9 per cent to end at N2.00 per share versus N1.44 per share, Okitipupa Plc appreciated by 33.1 per cent to N18.27 per unit from N13.70 per unit, and Geo-Fluids improved by 16.9 per cent to N3.88 per share from N3.32 per share.
In addition, 11 Plc grew by 10 per cent to N201.41 per unit from N183.10 per unit, NASD Plc expanded by 10 per cent to N15.51 per share from N14.10, Nipco Plc increased by 4.9 per cent to N93.00 per unit from N88.63 per unit, Aradel Holdings rose by 2.8 per cent to N702.69 share from N683.30 per share, and Afriland Properties Plc climbed higher by 2.2 per cent to end at N18.40 per unit versus the previous week’s N18.00 per unit.
On the flip side, FrieslandCampina Wamco Nigeria Plc lost 2.2 per cent to settle at N44.99 per share versus Week 40’s value of N46.00 per share, and Central Securities Clearing System (CSCS) Plc went down by 0.9 per cent to N23.04 per unit from N23.27 per unit.
The chart showed that there was a 1,190.6 per cent growth in the volume of equities traded in the five-day trading week to 693.2 million units from 53.7 million units, the value of securities skyrocketed by 1,145.8 per cent to N42.60 billion from N3.42 billion, and the number of deals increased by 208.5 per cent to 1,311 deals from 425 deals in the previous week.
Aradel Plc topped the activity chart by value with N41.1 billion, Geo-Fluids Plc followed with N1.1 billion, FrieslandCampina Wamco Plc traded N48 million, Acorn Plc posted N20 million, and Afriland Plc recorded N9 million.
By volume, Geo-Fluids Plc topped the table with 587.4 million units, Aradel Holdings Plc posted 91.7 million units, Acorn Petroleum Plc exchanged 11.8 million units, FrieslandCampina Wamco Plc transacted 1.04 million units, and Afriland Plc traded 0.47 million units.