Value Of Unlisted Securities Market Relatively Flat At N2.040trn

Date:

NASD Over-the-Counter, OTC, Securities Exchange recorded a marginal loss of 0.01% on Thursday, June 6 after the share price of FrieslandCampina Wamco Nigeria Plc went down by N2.51 to settle at N43.06 per unit compared with the previous day’s N45.57 per unit.

This brought down the NASD Unlisted Security Index, NSI, by 0.2 points to 1,488.61 points from the 1,488.81 points recorded at the midweek trading session, as the value of unlisted securities market was relatively flat at N2.040 trillion after shedding N270 million at the close of trading activities.

Afriland Properties Plc closed the session higher by N1.55 to N17.70 per unit from the N16.15 per unit posted a day earlier, and Central Securities Clearing System,CSCS, Plc gained 50 Kobo to finish at N20.00 per share, in contrast to the previous session’s value of N19.50 per share.

It was observed that the gains recorded by the duo of Afriland Properties and CSCS could not prevent the alternative stock exchange from going down at the close of business.

During the session, the volume of shares traded by the market participants increased by 183.9% to 1.1 million units from the 403,042 units achieved on Wednesday, and the number of deals carried out went up by 15.4% to 45 deals from the 39 deals executive in the previous day, while the value of securities traded declined by 20.6% to N80.7 million from the N111.4 million transacted in the preceding day.

At the close of transactions, Aradel Holdings Plc was the most active equity by value on a year-to-date basis with a turnover of 5.9 million units worth N14.6 billion, and was followed by CSCS Plc with the sale of 101.1 million units for N2.5 billion, and Capital Hotels Plc occupied the third spot with 228.6 million units valued at N1.1 billion.

Also, Capital Hotels Plc remained the most traded equity by volume on a year-to-date basis with 228.6 million units worth N1.1 billion, followed by Mixta Real Estate Plc with 139.8 million units valued at N240.1 million, and CSCS Plc with 101.1 million units sold for N2.5 billion.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_img

Popular

More like this
Related

Zinariyan Lokoja, Dr Aliyu Felicitates Muslims On Eid Al-Adha

Dr Aliyu charged Muslims Ummah to remain obedient to the true ideals of Islamic practice, while praying for national peace and progress.

Eid Celebrations: North East Pressure Group Flags Off Campaign For 2027 In Bauchi, Zamfara

By Abdullateef Bamgbose A group of All progressive Congress (...

Minimum Wage: Ex-Imo Commissioner Accuses Labour Of Insensitivity

By MBACHU GODWIN, Abuja Former Imo Commissioner of Internal Generated...

Embracing Agroecology As Path To Food Security 

With the rising food crisis putting 26.5 million people...