CSCS, Aradel Buoy NASD OTC Bourse by 3.7% at Midweek

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange finished the midweek session on a positive note as it rose by 3.7 per cent.

This was influenced by the growths in the prices of Central Securities Clearing Systems (CSCS) Plc and Aradel Holdings Plc at the close of business.

CSCS Plc appreciated by N1.86 on Wednesday to sell at N20.47 per share compared with the previous day’s value of N18.61 per share, and Aradel Holdings gained N320 to settle at N4,995.00 per unit, in contrast to Tuesday’s closing price of N4,675.00 per unit.

However, FrieslandCampina Wamco Nigeria recorded a loss of N2.00 at the close of transactions to quote at N48.00 per share versus the previous day’s N50.00 per share.

When trading activities ended for the session, the market capitalisation added N74.91 billion to close at N2.098 trillion versus N2.024 trillion, and the NASD Unlisted Security Index (NSI) recorded a rise of 54.67 points to end the day at 1,531.70 points as against 1,477.03 points it recorded at the previous session.

Yesterday, the volume of securities traded by investors increased by 6,328.3 per cent to 7.6 million units from the 117,987 units achieved a day earlier.

But the value of transactions decreased by 48.2 per cent to N175.3 million from the N338.5 million reported in the preceding trading session, as the number of deals went up by 12.1 per cent to 37 deals from the 33 deals posted in the previous trading day.

Aradel Holdings Plc closed the day as the most traded stock by value (year-to-date) with 9.7 million units valued at N32.4 billion, trailed by Afriland Properties Plc with 292.9 million units sold for N5.2 billion, and CSCS Plc with 105.8 million units worth N2.5 billion.

Afriland Properties Plc finished the session as the most active stock (year-to-date) with 292.9 million units worth N5.2 billion, followed by Capital Hotels Plc with 259.6 million units valued at N1.3 billion, and Industrial and General Insurance (IGI) Plc with 218.8 million units sold for N46.1 million.