CSCS, FrieslandCampina Bring Down NASD Platform by 0.25%

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange closed in the negative at Tuesday’s session after losing 0.25 per cent at the close of trading activities due to the poor performances put up by the duo of Central Securities Clearing System (CSCS) Plc and FrieslandCampina Wamco Nigeria Plc.

The market capitalisation of the bourse went down by N3.9 billion during the session to N1.549 trillion from the N1.552 trillion of the preceding trading day, as the NASD Unlisted Security Index (NSI) depreciated by 2.88 points to end the day at 1,142.45 points as against the 1,145.33 points it recorded in the previous session.

CSCS Plc depleted by 75 Kobo yesterday to settle at N18.25 per share compared with Monday’s closing price of N19.00 per share, and FrieslandCampina shrank by 40 Kobo to close at N75.00 per unit versus the previous session’s N75.40 per unit.

However, the value of Geo-Fluids Plc went up by 15 Kobo on Tuesday to quote at N2.50 per share, in contrast to the N2.35 per share it ended a day earlier.

The volume of securities traded during the session surged by 2,234.7 per cent after investors bought and sold 10.5 million units compared with the 448,631 units transacted in the previous trading session.

Inversely, the value of shares traded at the bourse on Tuesday went down by 84.9 per cent to N39.0 million from the N259.7 million achieved on Monday, and the number of deals decreased by 29.4 per cent to 12 deals from the 17 deals carried out in the previous day.

Mixta Real Estate Plc finished as the most traded stock by volume (year-to-date) with 69.9 million units worth N114.5 million, followed by IPWA Plc with 48.9 million units sold for N24.4 million, and Geo-Fluids Plc with 40.3 million units valued at N99.3 million.

Aradel Holdings Plc retained its position as the most traded stock by value (year-to-date) with 978,350 units sold for N1.8 billion, followed by FrieslandCampina with 3.0 million units valued at N228.5 million, and Mixta Real Estate Plc with 69.9 million units worth N114.5 million.