Aradel Holdings Spurs 3.6% Appreciation at Unlisted Securities Bourse

By Adedapo Adesanya

Aradel Holdings Plc was the star of the show on Thursday at the NASD Over-the-Counter (OTC) Securities Exchange, which appreciated by 3.6 per cent at the close of trading activities.

The energy stock improved its value by N226.20 during the trading session to sell at N2,928.20 per unit compared with the N2,622.00 it closed on Wednesday.

As a result, the market capitalisation of the unlisted securities bourse increased by N57.83 billion to N1.659 trillion from N1.602 trillion, and the NASD Unlisted Security Index (NSI) rose by 42.22 points to wrap the session at 1,211.96 points compared with 1,169.74 points recorded at the previous session.

Yesterday, the alternative stock exchange executed 63 deals, higher than the 30 deals reported in the midweek trading day by 110 per cent, with the value of transactions growing by 6.1 per cent to N348.9 million from the N328.9 million posted a day earlier.

However, the volume of shares traded during the session by investors went down by 95.2 per cent to 129,661 units from the 2.7 million units recorded in the preceding session.

When trading activities ended for the day, Aradel Holdings Plc was the most active by value on a year-to-date basis with 4.4 million units sold for N8.9 billion, as Central Securities Clearing System (CSCS) Plc retained the second spot with 47.9 million units worth N1.3 billion, and Capital Hotels Plc occupied the third position with 228.6 million valued at N1.1 billion.

Capital Hotels Plc finished the session as the most traded stock by volume on a year-to-date basis with 228.6 million valued at N1.1 billion, followed by IPWA Plc with the sale of 79.9 million units for N40.0 million, and Geo-Fluids Plc with 77.0 million units worth N185.1 million

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