Adedapo Adesanya
By Adedapo Adesanya
The duo of Aradel Holdings Plc and 11 Plc landed the NASD Over-the-Counter (OTC) Securities Exchange in the green territory by 0.84 per cent on Monday, November 27.
The two energy stocks overpowered losses posted by two other securities admitted to the alternative stock exchange, leaving the NASD Unlisted Security Index (NSI) closing higher by 7.22 points to 864.51 basis points from 857/29 points, as the market capitalisation of the exchange increased by N9.78 billion to N1.171 trillion from N1.162 trillion.
Aradel Holdings Plc saw its share price continue to soar as it rose by N28.80 to close at N900.00 per unit compared with the previous day’s N871.20 per unit, and 11 Plc gained N13.30 to finish at N146.30 per share versus N133.30 per share.
However, FrieslandCampina Wamco Nigeria Plc lost 65 Kobo to trade at N73.45 per unit compared with the previous session’s N74.00 per unit, and NASD Plc shed 1 Kobo to end the day at N12.55 per unit versus last Friday’s N12.56 per unit.
At the close of transactions, investors traded a total of 93,500 units of securities, in contrast to the 9.2 million units of securities transacted in the preceding session, indicating a slump of 98.9 per cent.
Equally, the value of shares exchanged by the market participants went south by 85.8 per cent to N12.1 million from the N84.7 million recorded in the previous session, as the total number of deals closed downward by 48 per cent to 13 transactions from the 25 deals quoted at the preceding market day.
Central Securities Clearing System (CSCS) Plc remained the most traded stock by volume (year-to-date) with 1.2 billion units valued at N22.4 billion, UBN Property Plc was in second place with 1.1 billion units valued at N1.1 billion, and Geo-Fluids Plc stood in third place with 704.2 units worth N1.3 billion.
CSCS Plc also ended the trading day as the most traded stock by value (year-to-date) with 1.2 billion units sold for N22.4 billion, VFD Group followed with 26.6 million units worth N5.9 billion, and Aradel Plc was in third place with 7.8 million units valued at N3.1 billion.
