Unlisted Securities Market Closes 1.54% Higher as Aradel, CSCS Gain

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange recorded a 1.54 per cent appreciation on Friday, June 14 as bellwether stocks, Aradel Holdings Plc and Central Securities Clearing System (CSCS) Plc, put up better performances.

Aradel Holdings Plc gained N150.00 during the session to settle at N5,150.00 per unit, in contrast to the previous day’s N5,000.00 per unit, and CSCS Plc marginally increased its value by 1 Kobo to N20.00 per share from N19.99 per share.

However, FrieslandCampina Wamco Nigeria Plc suffered a decline of 13 Kobo on the last trading session of the week to finish at N44.21 per unit compared with Thursday’s closing price of N44.34 per unit.

At the close of business, the value of the unlisted securities market went up by N32.38 billion to settle at N2.129 trillion versus the preceding day’s N2.097 trillion, and the NASD Unlisted Security Index (NSI) grew by 23.63 points to 1,554.08 points from the 1,530.45 points recorded a day earlier.

Investors bought and sold 211.3 million units of securities yesterday, 4,080.9 per cent higher than the 5.1 million units of securities traded in the previous trading day.

But the value of securities traded at the session fell by 26.6 per cent to N130.6 million from the N177.8 million achieved in the preceding session.

These transactions were carried out in 33 deals, higher than the 30 deals executed in the previous trading session by 10 per cent, according to data from the platform.

At the close of business, Aradel Holdings Plc, with a turnover of 6.0 million units valued at N15.4 billion, remained the most active equity by value (year-to-date), followed by CSCS Plc with 101.4 million units worth N2.5 billion, and Capital Hotels Plc with 228.6 million units valued at N1.1 billion.

Also, Capital Hotels Plc, with a turnover of 228.6 million units worth N1.1 billion, was the most active stock by volume (year-to-date), followed by Industrial and General Insurance (IGI) Plc with 218.8 million units sold for N46.1 million, and Mixta Real Estate Plc down to third with 139.8 million units valued at N240.1 million.