Food Concepts, FrieslandCampina Crash NASD Exchange by 0.25%

By Adedapo Adesanya

FrieslandCampina Wamco Nigeria Plc and Food Concepts Plc further crashed the NASD Over-the-Counter (OTC) Securities Exchange by 0.25 per cent on Friday, October 30.

FrieslandCampina lost N7.20 to sell at N132.38 per unit versus the previous price of N139.58 per unit, and Food Concepts Plc decreased by 1 Kobo to N2.03 per share from N2.04 per share.

As a result, the market capitalisation of the trading platform weakened by N6.32 billion to N2.570 trillion from N2.576 trillion, and the NASD Security Index (NSI) slumped by 10.52 points to 4,282.07 points from 4,292.59 points.

There was a price gainer during the session, and this was 11 Plc, which appreciated by N22.06 to N242.65 per unit from N220.59 per unit.

Yesterday, the volume of securities dropped by 89.2 per cent to 173,527 units from 1.6 million units, and the value of securities declined by 40.4 per cent to N13.1 million from N21.9 million, while the number of deals increased by 20.7 per cent to 35 deals from 29 deals.

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 Central Securities Clearing System (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.