Unlisted Securities Weaken by 2.27%

The last trading session in May 2024 on the floor of the NASD Over-the-Counter (OTC) Securities Exchange ended on a negative note on Friday with a 2.27 per cent depreciation.

This was triggered by the losses recorded by the duo of Central Securities Clearing System (CSCS) Plc and Aradel Holdings Plc, as the former depreciated by N1.02 to close at N18.61 per share compared with the previous day’s N19.73 per share, and the latter decreased by N214.88 to sell for N5,044.39 per unit versus Thursday’s closing price of N5,259.27 per unit.

At the close of transactions, investors lost N48.94 billion as the market capitalisation wrapped the session at N2.111 trillion compared with the preceding day’s N2.16 trillion and the NASD Unlisted Security Index (NSI) lost 35.73 points to wrap the session at 1,541.49 points compared with 1,577.22 points recorded in the previous session.

The unlisted securities market recorded a sole price gainer during the session and it was FrieslandCampina Wamco Nigeria Plc, which gained N1.71 to close at N51.71 per unit versus the previous value of N50.00 per unit.

The alternative bourse recorded a 5.6 per cent shortfall in the volume of securities traded by investors to 727,528 units from the 770,598 units posted a day earlier, and the value of shares traded waned by 38.2 per cent to N556.0 million from N899.6 million units, and the number of deals depleted by 11.9 per cent to 74 deals from 84 deals.

Capital Hotels Plc ended as the most traded stock by volume (year-to-date) with 228.6 million valued at N1.1 billion, trailed by Mixta Real Estate Plc with the sale of 139.8 million units for N240.1 million, and CSCS Plc with 101.0 million units worth N2.5 billion.

Aradel Holdings Plc was the most active stock by value (year-to-date) with 5.8 million units valued at N14.1 billion, followed by CSCS Plc with 101.0 million units sold for N2.5 billion, and Capital Hotels Plc with 228.6 million units worth N1.1 billion.

By Adedapo Adesanya 

Leave a Reply

Your email address will not be published.

You may use these <abbr title="HyperText Markup Language">HTML</abbr> tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>