By Adedapo Adesanya
FrieslandCampina Wamco Nigeria Plc was once again the trigger that dragged the NASD Over-the-Counter (OTC) Securities Exchange to the bears’ territory on Friday by 0.94 per cent, extending the stay of the bourse in the zone for another trading session.
The stock price of the company went down by N5.19 during the trading session to settle at N70.81 per unit versus the previous trading day’s value of N76.00 per unit.
Consequently, the market capitalisation of the NASD exchange closed lower by N10.13 billion to settle at N1.064 trillion, in contrast to Thursday’s value of N1.074 trillion, as the NASD Unlisted Securities Index (NSI) depreciated by 7.32 points to close at 769.33 points compared with the preceding day’s 776.65 points.
At the close of the final trading session of the week, investors traded a total of 101,382 units of securities, in contrast to the 479,393 units of securities transacted in the preceding session, indicating a slump of 78.9 per cent.
Also, the value of shares exchanged by the market participants went southwards by 77.1 per cent to N8.0 million from N35.1 million, as the total number of deals fell by 46.7 per cent to eight deals from the 15 deals quoted in the preceding market day.
Yesterday, the unlisted securities market did not record a price gainer.
Central Securities Clearing System (CSCS) Plc remained the most traded stock by volume on a year-to-date basis with 1.1 billion units valued at N21.2 billion, Geo-Fluids has traded 625.8 units worth N1.1 billion to remain in the second position, and Industrial and General Insurance (IGI) Plc remained in third place with 608.3 million units valued at N48.1 million.
Also, CSCS Plc closed the session as the most traded stock by value (year-to-date) with 1.1 billion units worth N21.2 billion, VFD Group remained in second for selling 18.9 million units valued at N4.2 billion, and Geo-Fluids Plc was in third place with 625.8 million units valued at N1.1 billion.
Dipo Olowookere