Aradel Holdings Lifts NASD OTC Bourse by 0.30%

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange continued to rise as the bourse recorded a 0.30 per cent appreciation, spurred by the gain recorded by Aradel Holdings Plc, on Monday, March 25.

The market capitalisation of the bourse gained N4.35 million during the session to close at N1.468 trillion compared with the previous trading session’s N1.464 trillion, and the NASD Unlisted Security Index (NSI) added 3.2 points to end the day at 1,083.49 points, in contrast to last Friday’s value of 1,080.29 points.

Yesterday, the share price of Aradel Holdings Plc, the high-flying stock, was the sole mover as it added N20.00 to close at N2,000.00 per unit versus N1,980.00 per unit.

There was a fall in the volume of securities traded at the bourse on Monday by 99.2 per cent to 14,061 units from the 1.7 million units transacted last Friday, as the value of shares traded during the trading day also depreciated by 98.3 per cent to N28.1 million from N1.6 billion, and the number of deals went down by 82.4 per cent to three deals from the 17 deals recorded in the previous trading session.

The most traded stock by volume on a year-to-date basis was IPWA Plc with the sale of 79.9 million units for N40.0 million, followed by Mixta Real Estate Plc with a turnover of 69.9 million units worth N114.6 million, and Geo-Fluids Plc with the sale of 53.8 million units valued at N133.5 million.

The most traded stock by value on a year-to-date basis was Aradel Holdings Plc with a turnover of 3.2 million units valued at N6.4 billion, trailed by FrieslandCampina Wamco Nigeria Plc with 5.0 million units sold for N374.9 million, and Central Securities Clearing System (CSCS) Plc with 9.1 million units worth N191.7 million.