Newrest, FrieslandCampina, Acorn Drive 0.14% Gain at Unlisted Stock Market

By Adedapo Adesanya

The trio of Newrest Asl Plc, FrieslandCampina Wamco Nigeria Plc, and Acorn Petroleum Plc made the NASD Over-the-Counter (OTC) Securities Exchange appreciate by 0.14 per cent on Friday, December 1.

The three gainers pressed down the 8 Kobo loss reported by UBN Property Plc, which closed the trading session at N1.52 per unit compared with the preceding day’s value of N1.60 per unit.

During the trading day, Newrest Plc gained N1.46 to close at N16.10 per share compared with Thursday’s closing price of N14.64 per share, FrieslandCampina Wamco Plc moved up by 60 Kobo to end the day at N74.10 per unit versus the N73.50 per unit it was sold a day earlier, and Acorn Petroleum Plc leapt by 1 Kobo to 60 Kobo per share from 59 Kobo per share.

At the close of transactions, the NASD Unlisted Security Index (NSI) increased by 1.23 points to finish at 860.81 points compared with the previous day’s 859.58 points, and the market capitalisation of the exchange jumped by N1.66 billion to N1,166 trillion from the previous day’s N1.164 trillion.

Yesterday, investors traded a total of 1.3 million units of securities, in contrast to the 435,500 units of securities transacted in the preceding session, indicating a jump of 200.7 per cent.

However, the value of shares exchanged by the market participants went down by 49.2 per cent to N4.5 million from N8.8 million recorded in the previous session, as the number of deals increased by 100 per cent to 12 transactions from the six deals quoted in the preceding market day.

Central Securities Clearing System (CSCS) Plc remained the most traded stock by volume (year-to-date) with 1.2 billion units sold for N22.4 billion, UBN Property Plc was in second place with 1.1 billion units valued at N1.2 billion, and Geo-Fluids Plc stood in third place with 704.4 million units worth N1.3 billion.

CSCS Plc also finished the day as the most traded stock by value (year-to-date) with 1.2 billion units sold for N22.24 billion, VFD Group closed second with 26.6 million units sold for N5.9 billion, and Aradel Holdings Plc was in third place with 7.8 million units valued at N3.1 billion.