Aradel Share Price Crosses N1,000 as NASD Exchange Rises 1.48%

By Adedapo Adesanya

The trio of Aradel Holdings Plc, FrieslandCampina Wamco Nigeria Plc, and Food Concepts made the NASD Over-the-Counter (OTC) Securities Exchange rise by 1.48 per cent on Monday, December 18.

The three price advancers overpowered the two price laggards, raising the market capitalisation of the exchange by N18.13 billion to close at N1.242 trillion, in contrast to last Friday’s N1.224 trillion.

Also, the NASD Unlisted Security Index (NSI) increased during the session by 13.37 points to finish at 916.36 basis points compared with the previous trading session’s 902.99 basis points.

High-flying Aradel Plc saw its share price rise by N99 to close at N1,089 per share compared with the previous session’s N990.00 per share, FrieslandCampina Wamco Plc gained 40 Kobo to end the day at N76.00 per unit versus last Friday’s N75.60 per unit, and Food Concepts appreciated by 17 Kobo to close at N1.84 per unit compared with the previous price of N1.67 per unit.

On the flip side, 11 Plc depreciated by N20 to settle at N180.00 per share compared with N200.00 per share, and Central Securities Clearing System (CSCS) Plc slumped by 29 Kobo to N18.43 per share from N18.72 per share.

At the close of transactions, investors traded a total of 11.5 million units of securities, in contrast to the 10.9 million units of securities transacted at the preceding session, indicating a jump of 5.5 per cent.

Equally, the value of shares exchanged by the market participants went up by 58.9 per cent to N78.7 million from the N49.5 million recorded in the previous session.

In the same vein, the total number of deals closed upward by 100 per cent as 28 transactions were executed, in contrast to the 14 deals quoted in the preceding market day.

UBN Property Plc was the most traded stock by volume (year-to-date) with 1.7 billion units valued at N2.2 billion, CSCS Plc was in second place with 1.2 billion units worth N22.4 billion, and Geo-Fluids Plc was in third place with 792.1 units sold for N1.6 billion.

CSCS Plc remained the most traded stock by value (year-to-date) with 1.2 billion units worth N22.4 billion, VFD Group was in second place with 26.6 million units valued at N5.9 billion, and Aradel Holdings Plc was in third place with 7.8 million units sold for N3.2 billion.