FrieslandCampina, Aradel Holdings Crash NASD OTC Bourse By 1.71%

March 8, 2024

By Adedapo Adesanya

Aradel Holdings Plc and FrieslandCampina Wamco Nigeria Plc extended the loss at the NASD Over-the-Counter (OTC) Securities Exchange by 1.71 per cent on Thursday, March 7.

The oil and gas investment company further depreciated by N96.38 during the session to sell at N1,950.00 per share compared with the previous day’s N2,046.38 per share, and the dairy product manufacturer lost N4.00 to end at N68.00 per unit, in contrast to Wednesday’s closing price of N72.00 per unit.

However, the duo of Afriland Properties Plc and Central Securities Clearing System (CSCS) Plc witnessed a rise in their respective share prices yesterday, with the former growing by 41 Kobo to N4.52 per unit from N4.11 per unit and the latter expanding by 63 Kobo to N19.13 per share from N18.50 per share.

At the close of transactions, the market capitalisation went down by N25.04 billion to close at N1.442 trillion compared with the midweek’s N1.467 trillion and the NASD Unlisted Security Index (NSI) recorded a slide of 18.46 points to end the day at 1,063.98 points as against the 1,082.44 points it recorded at the previous session.

In terms of the volume of securities traded at the bourse, there was a 79.5 per cent slump as investors exchanged 424,985 units versus the 2.1 million units transacted by market participants at the last session.

However, the value of securities bought and sold by investors increased by 26.7 per cent to N55.6 million compared with the N43.9 million recorded a day earlier, and the number of deals jumped by 87.5 per cent to 15 deals from the eight deals posted in the preceding trading session.

Mixta Real Estate Plc ended the day as the most traded stock by volume (year-to-date) with 69.9 million units worth N114.5 million, IPWA Plc occupied the second spot with 48.9 million units sold for N24.4 million, and Geo-Fluids Plc was in the third position with 48.0 million units valued at N118.7 million.

The most traded stock by value (year-o-date) was Aradel Holdings Plc with 2.0 million units valued at N4.4 billion, the second spot was occupied by FrieslandCampina Wamco Nigeria Plc with 4.6 million units sold for N346.4 million, and Geo-Fluids Plc followed with 48.0 million units worth N118.7 million.

Adedapo Adesanya

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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