Aradel Lifts NASD OTC Exchange By 0.56%

By Adedapo Adesanya

An appreciation in the price of Aradel Holdings Plc lifted the NASD Over-the-Counter (OTC) Securities Exchange by 0.56 per cent on Friday, November 3.

The shares of the oil and gas investment company improved during the trading day by N48.00 to settle at N650.00 per unit compared to the preceding day’s N602.00 per unit.

This bolstered the market capitalisation of the NASD OTC Exchange by 6.23 billion to close the day at N1.129 trillion versus the N1.123 trillion it closed a day earlier, as the NASD Unlisted Security Index (NSI) gained 4.6 points to close at 833.08 points, in contrast to the previous session’s 828.48 points.

Business Post reports that the share price of FrieslandCampina Wamco Nigeria Plc depreciated by N2.15 on Friday to close the day at N77.85 per unit compared with the previous day’s N80.00 per unit.

During the session, the volume of securities traded at the bourse by investors depreciated by 97 per cent to 178.311 units from the 5.9 million units posted on Thursday.

However, the value of securities bought and sold by the market participants increased by 7.1 per cent to N25.0 million from N23.4 million, and the number of deals carried out went up by 10 per cent to 11 deals from the 10 per cent achieved in the previous day.

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 701.9 units worth N1.3 billion.

Similarly, CSCS Plc ended the trading session as the most traded stock by value on a year-to-date basis with 1.2 billion units worth N22.3 billion, VFD Group retained the second spot with 26.6 million units valued at N5.9 billion, and Aradel Holdings Plc was in third place with 7.6 million units worth N3.0 billion.