Aradel Holdings, CSCS, Acorn Petroleum Lift NASD OTC Bourse by 1.13%

By Adedapo Adesanya

The trio of Aradel Holdings Plc, Central Securities Clearing System (CSCS) Plc, and Acorn Petroleum Plc made the NASD Over-the-Counter (OTC) Securities Exchange to close in the green territory on Monday, February 10 with a 1.13 per cent growth.

The NASD Unlisted Security Index (NSI) chalked up 12.77 points to finish at 1,145.33 basis points compared with the preceding trading session’s 1,132.56 basis points as the market capitalisation of the exchange rose by N17.31 billion to N1.552 trillion from last Friday’s N1.535 trillion.

Aradel Holdings Plc gained N75.05 to settle at N2,400.00 per unit compared with the previous session’s N2,324.95 per unit, CSCS Plc improved by 20 Kobo to N19.00 per share from N18.80 per share, and Acorn Petroleum Plc recorded a 10 Kobo growth to finish at N1.10 per unit versus the previous session’s N1.00 per unit.

On the flip side, the price of FrieslandCampina Wamco Nigeria Plc went down by 10 Kobo to N75.40 per share from N75.50 per share.

At the close of transactions in the opening session of the week, investors traded a total of 448,631 units of securities, in contrast to the 70 million units of securities transacted in the preceding session, indicating a slump of 99.4 per cent.

Also, the value of shares exchanged by the market participants went down by 31.9 per cent to N259.7 million from N381.0 million, while the number of deals increased by 30.8 per cent to 17 deals from the 13 deals recorded in the preceding session.

Mixta Real Estate Plc was the most traded stock by volume (year-to-date) with 69.9 million units valued at N114.5 million, IPWA Plc was in second place with 48.9 million units worth N24.4 million, and UBN Property Plc stood in third place with 37.2 million units sold for N64.9 million.

Aradel Holdings Plc ended the session as the most traded stock by value (year-to-date) with 978,350 units sold for N1.8 billion, FrieslandCampina Wamco Nigeria Plc was in second place with 2.8 million units valued at N216.3 million, and Mixta Real Estate Plc was in third place with 69.9 million units worth N114.5 million.