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Aradel Holdings, two others increase NASD OTC bourse by 1.13%

Bisola David
Bisola David
Aradel Holdings, two others increase NASD OTC bourse by 1.13%

With a 1.13 per cent gain, the three companies that make up the NASD Over-the-Counter Securities Exchange are Aradel Holdings Plc, Central Securities Clearing System Plc, and Acorn Petroleum Plc.

The Times stated that, in contrast to the previous trading session’s 1,132.56 basis points, the NASD Unlisted Security Index gained 12.77 points to close at 1,145.33 basis points. The exchange’s market capitalization increased by N17.31 billion to N1.552 trillion from N1.535 trillion last Friday.

Acorn Petroleum Plc saw a 10 Kobo increase to finish at N1.10 per unit versus the previous session’s N1.00 per unit; Aradel Holdings Plc gained N75.05 to settle at N2,400.00 per unit compared with the previous session’s N2,324.95 per unit; and CSCS Plc improved by 20 Kobo to N19.00 per share from N18.80 per share.

Conversely, FrieslandCampina Wamco Nigeria Plc’s share price decreased by 10 Kobo, from N75.50 to N75.40.

As the week’s first session came to an end, investors traded 448,631 units of securities overall, down from the 70 million units transacted in the previous session, or a 99.4% decline.

Additionally, while the number of trades grew by 30.8 per cent to 17 from the 13 recorded in the previous session, the value of shares swapped by market participants decreased by 31.9 percent to N259.7 million from N381.0 million.

With 69.9 million units valued at N114.5 million, Mixta Real Estate Plc was the most traded stock by volume (year to date). IPWA Plc came in second with 48.9 million units valued at N24.4 million, while UBN Property Plc placed third with 37.2 million units sold for N64.9 million.

With 978,350 units sold for N1.8 billion, Aradel Holdings Plc concluded the session as the most traded stock by value (year-to-date). Mixta Real Estate Plc came in third place with 69.9 million units valued at N114.5 million, followed by FrieslandCampina Wamco Nigeria Plc in second place with 2.8 million units valued at N216.3 million.


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