NASD Index Further Gains 0.01%

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange extended its stay in the green territory by a further marginal 0.01 per cent rise on Thursday, September 26.

The market capitalisation added N310 million as it closed at N3.046 trillion compared with the preceding day’s N3.045 trillion and the NASD Unlisted Security Index (NSI) ended the day higher by 0.22 points to close at 2,222.86 points, in contrast to the 2,222.64 points quoted at the last trading session.

There was a slump in the volume of securities traded at the bourse yesterday by 51.9 per cent to 38.6 million units from the 80.4 million units transacted by market participants at midweek.

Equally, there was a drop in the value of shares traded during the session by 46.4 per cent to N119.3 million from the N222.7 million reported a day earlier.

However, the number of deals executed during the trading day went up by 366 per cent to 56 deals from the 12 deals carried out on Wednesday.

When trading activities finished for the day, Afriland Properties Plc was the most active stock by volume on a year-to-date basis with a turnover of 293.3 million units worth N5.2 billion, trailed by Capital Hotels Plc with the sale of 259.6 million units for N1.3 billion, and Industrial and General Insurance (IGI) Plc with 221.9 million units valued at N46.7 million.

Aradel Holdings Plc closed the day as the most traded stock by value on a year-to-date basis with 11.2 million units worth N43.5 billion, followed by Afriland Properties Plc with 293.3 million units valued at N5.2 billion, and Central Securities Clearing System (CSCS) Plc with 107.3 million units sold for N2.6 billion.