Aradel Holdings, CSCS, FrieslandCampina Sink NASD Exchange by 0.79%

February 29, 2024
Regconnect CSCS

By Adedapo Adesanya

Profit taking in the trio of Aradel Holdings Plc, Central Securities Clearing System (CSCS) Plc, and FrieslandCampina Wamco Nigeria Plc made the NASD Over-the-Counter (OTC) Securities Exchange close the midweek session further in the red territory on February 28 by 0.79 per cent.

Aradel Holdings Plc lost N20.50 to close at N2,500.00 per share compared with the previous day’s N2,520.50 per share, CSCS Plc depreciated by N1.35 to end the day at N18.65 per unit versus the N20.00 per unit it was traded on Tuesday, and FrieslandCampina Wamco Plc declined by 63 Kobo to N70.25 per share from N70.88 per share.

At the close of business, the NASD Unlisted Security Index (NSI) went down by 9.18 points to 1,153.79 basis points from 1,162.97 basis points, and the market capitalisation of the exchange decreased by N13 billion to N1.566 trillion from the previous session’s N1.577 trillion.

At midweek, investors traded a total of 227,512 units of securities, in contrast to the 595,254 units of securities transacted at the preceding session, indicating a slump of 61.8 per cent.

The value of shares exchanged by the market participants went down by 19.2 per cent to N62.6 million compared with N77.4 million recorded at the previous session, while the total number of deals remained flat at 24 deals.

On a year-to-date basis, the most traded stock by volume was Mixta Real Estate Plc with the sale of 69.9 million units for N114.5 million, followed by IPWA Plc with a turnover of 48.9 million units worth N24.4 million, and Geo-Fluids Plc with the sale of 45.8 million units valued at N113.1 million.

The most active equity by value on a year-to-date basis remained Aradel Holdings Plc with a turnover of 1.8 million units valued at N3.8 billion, trailed by FrieslandCampina Wamco Nigeria Plc with 3.8 million units sold for N290.7 million, and Mixta Real Estate Plc with 69.9 million units sold for N114.5 million.

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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