Mid-day trading data from 10 September show that about 42.3 million Aradel Holdings shares were exchanged in a deal worth N22.4 billion. This represents the largest single-day trade of Aradel Holdings since its listing on the Nigerian Exchange (NGX) in October 2024.
About a week after listing, the company’s largest shareholder, Africa Capital Alliance’s CAPE IV, sold N19.8 billion shares to improve market liquidity.
Read also: Nigeria warns $2.8tn African GDP goal threatened without inclusive trade policies
Price movement and shareholding
The fresh transaction pushed Aradel’s stock higher by 3.68 percent, with the price rising from N511 at market open to N530. The trade accounted for 0.96 percent of Aradel’s total outstanding shares.
Although the source of the deal remains unclear, market analysts have linked it to a major shareholder. CAPE IV retains the single largest stake in the company, holding 15.92 percent.
Read also: Dangote Refinery takes 32% of NNPC’s July crude sales worth N11bn
The strong trading interest extended beyond Aradel. FCMB Group also recorded significant activity, with 287.7 million shares exchanged. The trades, valued at N3.1 billion, represented 0.72 percent of the lender’s total shareholding.
