Aradel listing adds N3 trillion to NGX market capitalisation

Oct. 15, 2024 - Guardian Nigeria

Aradel Holdings Plc, a leading integrated independent energy company, was listed on the main board of Nigeria Exchange (NGX) Limited yesterday, adding N3.05 trillion to the total market capitalisation.

The listing pushed up market capitalisation by 6.1 per cent, from N56.

09 trillion to N59.51 trillion at the close of trading yesterday.

Its shares, which are now available for trading on the NGX Limited, were listed at N702.69 per unit.

According to the company, the listing on NGX expands the investment opportunities for investors looking for quality and dividend-paying companies. Trading activities on the floor of the Nigerian Exchange closed in an upbeat yesterday as market capitalisation appreciated by N3.

42 trillion, amid gains in Aradel Holdings and 21 stocks. At the close of transactions yesterday, the market capitalisation of listed equities increased by 6.

1 per cent to N59.509 trillion from N56.

088 trillion it closed on Friday...