FrieslandCampina Leads Losers’ Chart as NASD Exchange Falls 1.26%

By Adedapo Adesanya

The trio of FrieslandCampina Wamco Nigeria Plc, Central Securities Clearing System (CSCS) Plc, and Afriland Properties Plc further weakened the NASD Over-the-Counter (OTC) Securities Exchange by 1.26 per cent on Monday, October 26.

FrieslandCampina lost N13.91 to sell at N136.04 per share versus the previous session’s N149.95 per share, CSCS Plc dropped N1.10 to close at N97.50 per unit compared with the previous N98.60 per unit, and Afriland Properties tumbled by 15 Kobo to N12.75 per share from N12.90 per share.

Consequently, the bourse’s market capitalisation went down by N32.87 billion to N2.575 trillion from N2.607 trillion, and the NASD Security Index (NSI) slumped by 54.77 points to 4,290.25 points from 4,345.02 points.

Yesterday, the volume of transactions decreased by 15.6 per cent to 289,328 units from 342,930 units, but the value of trades increased by 2,385.15 per cent to N25.1 million from N1.01 million, and the number of deals rose by 200 per cent to 27 deals from nine deals.

At the close of business, Great Nigeria Insurance (GNI) Plc remained the most active stock by value on a year-to-date basis, with 3.4 billion units valued at N8.4 billion, trailed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units exchanged for N6.5 billion, and CSCS Plc with 81.8 million units worth N6.0 billion.

GNI Plc also finished the session as the most traded stock by volume on a year-to-date basis, with 3.4 billion units transacted for N8.4 billion, followed by Infracredit Plc with 2.3 billion units traded for N6.5 billion, and Resourcery Plc with 1.1 billion units sold for N415.7 million.