Aradel Holdings Shrinks NASD Index by 1.32%

By Adedapo Adesanya

There was a 1.32 per cent loss at the NASD Over-the-Counter (OTC) Securities Exchange on Friday, July 26, triggered by Aradel Holdings Plc.

The energy company witnessed a decline of N158.28 in the share price to settle at N4,341.72 per unit, in contrast to the preceding day’s N4,500.00 per unit.

This brought down the NASD Unlisted Security Index (NSI) by 19.25 points during the session to 1,436.62 points from the 1,455.87 points recorded in the previous session.

It also depleted the value of the unlisted securities market by N26.38 billion to N1.968 trillion from the N1.995 trillion posted a day earlier.

Business Post reports that FrieslandCampina Wamco Nigeria appreciated on the last trading day of the week by N4.10 to end at N55.80 per share compared with Thursday’s closing price of N51.70 per share.

Yesterday, the volume of securities traded at the bourse decreased by 88.9 per cent to 111,842 units, in contrast to the 1.01 million units recorded in the previous session.

However, the value of shares bought and sold by investors significantly increased by 4,191.1 per cent to N458.0 million from the N10.7 million recorded in the preceding trading day, as the number of deals surged during the session by 250 per cent to 35 deals from the 10 deals recorded in the preceding trading session.

When trading activities ended for the day, Capital Hotels Plc remained the most active stock by volume on a year-to-date basis with a turnover of 259.6 million units valued at N1.3 billion, followed by Afriland Properties Plc with 230.4 million units sold for N4.1 billion, and Industrial and General Insurance (IGI) Plc with 218.8 million units worth N46.1 million

Aradel Holdings Plc finished as the most traded stock by value on a year-to-date basis with the sale of 7.7 million units worth N23.5 billion, trailed by Afriland Properties Plc with 230.4 million units valued at N4.1 billion, and Central Securities Clearing Systems (CSCS) Plc with 102.1 million units sold for N2.5 billion.