Aradel, Two Others Buoy NASD OTC Bourse 1.36% Growth

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By Adedapo Adesanya

Appreciation in the prices of three stocks saw the NASD Over-the-Counter (OTC) Securities Exchange closed with a 1.36 per cent rise on Friday, November 24 despite efforts by two equities to bring down the market.

Aradel Holdings Plc recorded a N79.20 appreciation to sell at N871.20 per share compared to the previous day’s N792.00 per share, FrieslandCampina Wamco Nigeria Plc increased by N2.82 to close the day at N74.00 per unit versus Thursday’s closing price of N71.14 per unit, and UBN Property Plc jumped by 15 Kobo to finish at N1.65 per share, in contrast to the preceding day’s N1.50 per share.

However, Central Securities Clearing System (CSCS) Plc declined by N1.59 to end at N18.41 per unit versus the previous day’s N20.00 per unit, and NASD Plc depreciated by 9 Kobo to close the day at N12.56 per share versus the preceding day’s N12.65 per share.

At the close of business, the market capitalisation of the NASD OTC bourse increased by 15.56 billion to close at N1.162 trillion versus N1.146 trillion, and the NASD Unlisted Security Index (NSI) went up by 11.48 points to 857.29 points from 845.81 points.

During the session, the volume of securities traded at the bourse moved up 1,091.4 per cent to 9.2 million units from 775,317 units, the value of shares traded increased by 161.8 per cent to N84.7 million from N32.3 million, and the number of deals rose by 25 per cent to 25 deals from 20 deals.

CSCS Plc remained the most traded stock by volume on a year-to-date basis with 1.2 billion units valued at N22.4 billion, UBN Property Plc was in second place with 1.1 billion units worth N1.1 billion, and Geo-Fluids Plc stood in third place with 7o4.2 units valued at N1.3 billion.

Also, CSCS Plc ended the day as the most traded stock by value on a year-to-date basis with 1.2 billion units sold for N22.4 billion, VFD Group followed with 26.6 million units worth N5.9 billion, and Aradel Holdings Plc was in third place with 7.8 million units valued at N3.1 billion.

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