Aradel, Two Others Lift NASD OTC Securities Exchange By 1.01%

By Adedapo Adesanya

Appreciation in the prices of three stocks saw the NASD Over-the-Counter (OTC) Securities Exchange record its first positive outcome this week, with a 1.01 per cent rise on Wednesday, October 25.

This increased the market capitalisation of the bourse by 11.32 billion to close at N1.134 trillion versus N1.122 trillion of the previous day and the NASD Unlisted Security Index (NSI) went up by 8.35 points to 836.54 points from 828.19 points.

Yesterday, Aradel Holdings Plc appreciated by N32.72 to sell at N632.74 per unit compared with N600.00 per unit, Central Securities Clearing System (CSCS) Plc rose by 97 Kobo to end at N20.97 per share versus N20.00 per share, and FrieslandCampina Wamco Nigeria Plc grew by 11 Kobo to close the day at N80.11 per share, in contrast to Tuesday’s closing price of N80.00 per share.

On the flip side, UBN Property Plc depreciated by 10 Kobo yesterday to sell at N1.36 per share compared with the previous day’s N1.46 per share and Mixta Real Estate Plc lost 3 Kobo to close the day at N1.49 per unit versus the preceding day’s N1.52 per unit.

During the session, there was a 73.2 per cent decline in the volume of securities traded at the bourse to 4.6 million units from the 17.3 million units transacted by market participants on Tuesday.

But there was a 47.2 per cent rise in the value of shares traded yesterday to N69.3 million from N47.1 million and the number of deals grew by 180 per cent to 28 deals from the 10 deals carried out in the previous trading day.

When the market closed for the day, CSCS Plc remained the most traded stock by volume (year-to-date) with 1.2 billion units worth N22.3 billion, UBN Property Plc followed with 968.9 million units valued at N973.9 million and Geo-Fluids Plc stood in third place for selling 696.6 units for N1.3 billion.

Also, CSCS Plc was the most traded stock by value (year-to-date) with 1.2 billion units worth N22.3 billion, trailed by VFD Group with 26.6 million units sold for N5.9 billion, and Aradel Holdings Plc with 7.2 million units valued at N2.8 billion.