Aradel, Friesland, Return NASD OTC Exchange to Green Zone by 1.22%

November 1, 2023
Friesland WAMCO

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange returned to the green zone on Tuesday, October 31 after it closed higher by 1.22 per cent.

This was a result of the N49.70 growth posted by Aradel Holdings Plc, closing at N649.70 per unit compared with the preceding day’s N600.00 per unit, and the N1.40 surge in the price of FrieslandCampina Wamco Nigeria Plc, finishing at N76.44 per share versus Monday’s closing price of N75.04 per share.

Consequently, the value of the unlisted securities market increased by N13.53 billion to N1.126 trillion from the N1.113 trillion it quoted in the previous session.

Also, the NASD Unlisted Security Index (NSI) added 9.98 points to end the day at 831.09 points, in contrast to the previous day’s 821.11 points.

A look at the market activity chart showed a mixed basket, as the volume of securities traded at the bourse by investors went down by 97.9 per cent to 41,185 units from the 1.9 million units traded a day earlier.

However, the value of shares traded yesterday rose by 84.4 per cent to N18.5 million from the preceding session’s N10.0 million.

These transactions were carried out in 14 deals compared with the nine deals executed in the earlier session, indicating a 55.6 per cent increase.

Central Securities Clearing System (CSCS) Plc remained the most traded stock by volume on a year-to-date basis with 1.2 billion units worth N22.3 billion, UBN Property Plc was in second place with 1.1 billion units valued at N1.1 billion, and Geo-Fluids Plc stood in third place with 696.9 units worth N1.3 billion.

Also, CSCS Plc ended the trading session as the most traded stock by value on a year-to-date basis with a turnover of 1.2 billion units worth N22.3 billion, VFD Group occupied the second spot with 26.6 million units valued at N5.9 billion, and Aradel Holdings Plc was in third place with 7.5 million units worth N3.0 billion.

Adedapo Adesanya

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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