By Adedapo Adesanya
Nigeria’s alternative stock market, the NASD Over-the-Counter (OTC) Securities Exchange, was up by 0.10 per cent on Thursday, April 24, despite the loss posted by a bellwether, FrieslandCampina Wamco Nigeria Plc.
The share price of the maker of a popular milk brand in the country plunged by N2.29 to sell at N62.61 per unit compared with the previous day’s price of N64.90 per unit.
However, gains reported by the trio of UBN Property Plc, Afriland Properties Plc, and Aradel Holdings Plc eroded the decline suffered by FrieslandCampina yesterday.
Business Post reports that UBN Property Plc gained 9 Kobo to close at N1.89 per share versus the preceding session’s N1.80 to close at N1.89 per share, Afriland Properties Plc rose by 31 Kobo to sell at N10.78 per unit versus N10.47 per unit, and Aradel Holdings Plc appreciated by N23.52 to N2,207.62 per share from N2,184.10 per share.
As a result, the market capitalisation of the bourse went up by N1.57 billion to N1.509 trillion from N1.508 trillion, and the NASD Unlisted Security Index (NSI) soared by 1.14 points to 1,102.46 points from 1,101.32 points.
The value of securities traded at the session receded by 47.9 per cent to N79.4 million from N152.3 million, the volume of shares traded decreased by 95.2 per cent to 147,279 units from 3.1 million units, and the number of securities moderated by 28.6 per cent to 20 deals from the 28 deals executed in the previous trading session.
Aradel Holdings Plc, with a turnover of 3.8 million units valued at N7.5 billion, remained the most active equity by value (year-to-date), and was followed by Central Securities Clearing System (CSCS) Plc with 45.2 million units worth N1.3 billion, and Capital Hotels Plc with 228.6 million sold for N1.1 billion.
The most traded stock by volume (year-to-date) was Capital Hotels Plc with 228.6 million sold for N1.1 billion, trailed by IPWA Plc with 79.9 million units worth N40.0 million, and Mixta Real Estate Plc with 69.9 million units valued at N114.6 million.
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