By Adedapo Adesanya
The duo of Aradel Holdings Plc and Central Securities Clearing Systems (CSCS) took the NASD Over-the-Counter (OTC) Securities Exchange to the N2 trillion threshold on Friday.
This occurred after the alternative securities market closed higher by 4.26 per cent on the last trading day of the week.
When trading activities ended for the day, the market capitalisation added N82.40 billion to settle at N2.014 trillion compared with the preceding day’s N1.932 trillion, and the NASD Unlisted Security Index (NSI) rose by 2.49 points to wrap the final session at 1,470.23 points compared with 1,410.10 points recorded in the previous session.
Aradel Holdings Plc appreciated by N361.81 to close at N4,641.18 per unit compared to the previous value of N4,279.37 per unit, and CSCS Plc expanded by 76 Kobo to trade at N20.00 per share, in contrast to the preceding day’s N19.24 per share.
The volume of shares traded yesterday went down by 97.6 per cent to 103,076 units from the 3.8 million units posted in the previous day, the value of securities traded by the market participants declined by 707 per cent to N223.1 million from N760.3 million, and the number of deals carried out depreciated by 44.6 per cent to 31 deals from the 56 deals executed a day earlier.
At the close of business, Aradel Holdings Plc was the most active stock by value on a year-to-date basis with a turnover of 8.4 million units valued at N26.3 billion, followed by Afriland Properties Plc with the sale of 230.4 million units worth N4.1 billion, and CSCS Plc with a turnover of 102.2 million units sold for N2.5 billion.
Capital Hotels Plc remained the most traded stock value volume on a year-to-date basis with 259.6 million units sold for N1.3 billion, trailed by Afriland Properties Plc with a turnover of 230.4 million units worth N4.1 billion, and Industrial and General Insurance (IGI) Plc with the sale of 218.8 million units valued at N46.1 million.
