By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange recorded a 1.02 per cent depreciation on the back of bearish price movement in FrieslandCampina WAMCO Nigeria Plc on Tuesday, October 25.
This trigger pulled by FrieslandCampina reduced the market capitalisation of the unlisted securities bourse by N9.77 billion to N951.11 billion from N960.88 billion.
In the same vein, the NASD Unlisted Securities Index (NSI) went down by 7.42 points to settle at 722.50 points compared with the previous day’s 729.92 points.
The share price of FrieslandCampina closed lower yesterday by N5.00 to close at N70.00 per share compared with Monday’s price of N75.00 per share.
During the session, there was a slide in the volume of securities traded by 41.1 per cent to 272,000 units from the 461,806 units transacted a day earlier.
There was, however, a jump in the value of shares traded yesterday by 1,389.62 per cent to N19.1 million from N1.3 million, while the number of deals went down by 40 per cent to three deals from five deals.
When the market closed for the day, AG Mortgage Plc remained the most traded stock by volume on a year-to-date basis with 2.3 billion units valued at N1.2 billion, Central Securities Clearing System (CSCS) Plc was in second place with 687.8 million units worth N14.3 billion, and Mixta Real Estate Plc was in third place with 178.1 million units valued at N313.4 million.
The most traded stock by value on a year-to-date was still CSCS Plc with the sale of 687.7 million units worth N14.3 billion, VFD Group Plc was in second place with 29.1 million units valued at N7.7 billion, and FrieslandCampina was in third place with 14.7 million units valued at N1.7 billion.
Dipo Olowookere