Economy
FrieslandCampina, Geo-Fluids, IGI Lift NASD Exchange by 0.95%
By Adedapo Adesanya
The trio of FrieslandCampina Wamco Nigeria Plc, Geo-Fluids Plc, and Industrial and General Insurance (IGI) Plc lifted the NASD Over-the-Counter (OTC) Securities Exchange by 0.95 per cent on Wednesday, October 14.
This raised the market capitalisation by N24.66 billion to N2.609 trillion from N2.584 trillion, and strengthened the NASD Security Index (NSI) by 41.09 points during the midweek session to 4,347.17 points from 4,306.08 points.
The price of FrieslandCampina Wamco Plc went up yesterday by N13.56 to N149.27 per share from N135.71 per cent, Geo-Fluids Plc rose by 18 Kobo to N2.04 per unit from N1.86 per unit, and IGI Plc expanded by 3 Kobo to 54 Kobo per share from 51 Kobo per share.
On the flip side, MRS Oil Nigeria Plc lost N7.95 to close at N97.05 per unit versus the previous day’s N105.00 per unit, Okitipupa Plc depreciated by N1.01 to N269.00 per share from N270.01 per share, and Central Securities Clearing System (CSCS) Plc slipped by 1 Kobo to N98.50 per unit from N98.51 per unit.
On Wednesday, the volume of securities transacted by investors went down by 28.9 per cent to 511,344 units from 1.9 million units, the value of securities traded dropped by 16.2 per cent to N38.9 million from N46.4 million, and the number of deals executed dipped by 13.3 per cent to 26 deals from the 30 deals recorded on Tuesday.
At the close of transactions, Great Nigeria Insurance (GNI) Plc remained the most traded stock by value on a year-to-date basis, with 3.4 billion units sold for N8.4 billion, followed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units valued at N6.5 billion, and CSCS Plc with 81.9 million units exchanged for N6.0 billion.
GNI Plc also closed the day as the most traded stock by volume on a year-to-date basis, with 3.4 billion units worth N8.4 billion, followed by Infracredit Plc with 2.3 billion units transacted for N6.5 billion, and Resourcery Plc with 1.1 billion units traded for N415.7 million.
