Purple Real Estate pulls down NASD Index by 0.13%
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Purple Real Estate Income Plc was the sole price decliner on the NASD Over-the-Counter Securities Exchange on Wednesday, pulling down the platform by 0.13 per cent.
Purple Real Estate Income Plc was the sole price decliner on the NASD Over-the-Counter (OTC) Securities Exchange on Wednesday, August 26, pulling down the platform by 0.13 per cent at the close of business.
The company, which operates the soon-to-be-acquired Maryland Mall in Lagos, saw its share price decline by 80 kobo to N7.20 per unit from N8.00 per unit.
The drop in Purple Real Estate's share price shrank the NASD Security Index (NSI) by 5.49 points to 4,284.06 points from 4,289.55 points, and reduced the market capitalisation by N3.30 billion to N2.571 trillion from N2.574 trillion.
Trading activity also slowed during the session, with the volume of securities transacted slumping by 98.7 per cent to 23,682 units from 1.9 million units, the value of securities falling by 80.5 per cent to N2.1 million, and the number of deals sliding by 61.1 per cent to 21 deals.
Great Nigeria Insurance (GNI) Plc ended the session as the most traded stock by value on a year-to-date basis, with 3.4 billion units sold for N8.4 billion, followed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units valued at N6.5 billion, and Central Securities Clearing System (CSCS) Plc with 80 million units exchanged.