Economy
FrieslandCampina Leads Unlisted Securities Market to 0.88% Loss
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange opened the first trading day of the new month with a loss on Wednesday, July 1.
At the session, the NASD Unlisted Securities Index (NSI) fell by 0.88 percent or 6.27 points to end the day at 709.24 points compared to 715.91 points recorded on Tuesday.
Also, the market capitalisation contracted by 0.88 percent or N4.61 billion to N520.98 billion from the N525.59 billion it quoted the previous day.
The contraction recorded by the unlisted securities market was influenced by the decline in the share price of a bellwether, FrieslandCampina WAMCO Nigeria Plc.
Business Post reports that at the market yesterday, the milk producer suffered a N4.72 or 3.8 percent drop in its share price, closing at N123.23 per share as against N124.95 per share it traded previously.
Despite the decline in the benchmark indices on Wednesday, the market reported a 102.5 percent spike in the volume of shares transacted by market participants.
A total of 23,182 units of securities exchanged hands yesterday at the NASD OCT exchange compared with the 11,450 units of stocks bought and sold at the previous session.
These came from six deals executed from two stocks during the session and they belonged to FrieslandCampina WAMCO Nigeria Plc (five deals) and VFD Group Plc (one deal). At the previous session, only three deals were carried out, indicating a 100 percent rise yesterday.
The total value of these shares traded at the midweek session was worth N2.7 million. On Tuesday, the total value of stocks transacted by investors was N1.35 million, representing 99.9 percent increase in the trading value.
ARM Life Plc closed the session as the most active stock by volume (year-to-date) with 7.4 billion units of its shares traded for N4.6 billion, while Central Securities Clearing Systems (CSCS) Plc was in second place with 196.7 million units worth N2.6 billion, with Food Concept Plc in the third post with 110 million units of its shares sold for N80.5 million.
On the top traded by value log (year-to-date), ARM Life Plc also held the top position with 7.4 billion units sold for N4.6 billion. CSCS Plc followed with 196.7 million units exchanged for N2.6 billion, while Niger Delta Exploration and Production (NDEP) Plc held the third place with 7.9 million units of its securities valued at N2.4 million.
By Dipo Olowookere
Last week, investors bought and sold 6.617 billion shares worth N113.224 billion in 109,590 deals compared with the preceding week’s 4.140 billion shares valued at N115.889 billion traded in 102,351 deals.
It was observed that ICT stocks led the activity chart with 3.500 billion units worth N17.759 billion traded in 11,184 deals, contributing 52.89 per cent and 15.68 per cent to the total trading volume and value, respectively.
Financial equities transacted 2.625 billion units for N50.188 billion in 42,574 deals, and services shares recorded 104.524 million units valued at N1.166 billion in 7,255 deals.
eTranzact, Cornerstone Insurance, and Access Holdings accounted for 4.871 billion shares worth N27.422 billion in 6,438 deals, contributing 73.60 per cent and 24.22 per cent to the total trading volume and value, respectively.
In the week, 55 equities appreciated versus 38 equities in the previous week, 29 equities depreciated versus 36 equities a week earlier, and 63 equities closed flat versus 73 equities in the preceding week.
NCR Nigeria was the best-performing stock after it gained 33.03 per cent to sell for N72.70, UAC Nigeria appreciated by 22.69 per cent to N96.80, Guinness Nigeria expanded by 18.56 per cent to N198.00, Dangote Cement rose by 15.02 per cent to N614.90, and Nigerian Breweries grew by 12.36 per cent to N75.00.
On the flip side, RT Briscoe was the worst-performing stock after it lost 12.79 per cent to N3.00, Legend Internet slipped by 10.71 per cent to N5.00, Union Dicon shed 10.00 per cent to N6.30, ABC Transport declined by 9.88 per cent to N3.10, and Cornerstone Insurance went down by 9.33 per cent to N5.50.
According to data from the bourse, the All-Share Index (ASI) increased by 2.45 per cent to 147,040.08 points and the market capitalisation added 2.67 per cent to settle at N93.722 trillion.
In the same vein, all other indices finished higher apart from the energy and commodity indices, which depreciated by 0.57 per cent and 0.30 per cent, respectively.
By Dipo Olowookere
A 1.08 per cent growth was further printed by the Nigerian Exchange (NGX) Limited on Friday on improved appetite for Nigerian stocks.
Data showed that the insurance sector lost 0.61 per cent yesterday due to profit-taking as the energy space gave up 0.08 per cent, while the commodity counter closed flat.
However, the industrial goods landscape appreciated by 2.06 per cent, the banking index improved by 1.31 per cent, and the consumer goods sector expanded by 0.83 per cent.
At the close of business on Customs Street, the All-Share Index (ASI) increased by 1,563.92 points to 147,040.07 points from 145,476.15 points and the market capitalisation went up by N996 billion to N93.722 trillion from N92.726 trillion.
UAC Nigeria led the advancers’ log yesterday after it grew by 10.00 per cent to N96.80, Transcorp Hotels jumped by 9.71 per cent to N172.80, Royal Exchange appreciated by 8.89 per cent to N1.96, Ikeja Hotel soared by 8.74 per cent to N31.10, and Veritas Kapital leapt by 8.07 per cent to N1.74.
On the flip side, Union Dicon declined by 10.00 per cent to N6.30, ABC Transport slipped by 9.88 per cent to N3.10, AXA Mansard depreciated by 7.19 per cent to N12.90, FTN Cocoa lost 4.62 per cent to trade at N4.75, and Guinea Insurance dropped 3.36 per cent to finish at N1.15.
A total of 38 stocks ended on the gainers’ table and 17 stocks finished on the losers’ table, representing a positive market breadth index and strong investor sentiment.
Traders transacted 361.6 million equities for N14.8 billion in 21,051 deals yesterday versus the 1.9 billion equities worth N19.2 billion traded in 23,369 deals a day earlier, showing a decline in the trading volume, value, and number of deals by 80.97 per cent, 22.92 per cent, and 14.20 per cent, respectively.
The busiest stock for the session was Zenith Bank with 59.5 million units worth N3.6 billion, Access Holdings traded 46.1 million units valued at N973.0 million, Fidelity Bank exchanged 29.4 million units for N560.4 million, FCMB transacted 27.9 million units worth N293.9 million, and Tantalizers sold 13.0 million units valued at N29.8 million.
By Adedapo Adesanya
Energy stocks influenced the 4.76 per cent loss recorded by the NASD Over-the-Counter (OTC) Securities Exchange on Friday, December 5.
The culprits were the duo of 11 Plc and Nipco Plc,with the former shedding N32.17 to end at N291.83 per share compared with the previous day’s N324.00 per share, and the latter down by N21.00 to sell at N195.00 per unit versus the previous session’s N216.00 per unit.
Consequently, the NASD Unlisted Security Index (NSI) slumped by 170.16 points to 3,401.37 points from 3,571.53 points and the market capitalisation lost N101.81 billion to close at N2.035 billion from the N2.136 trillion quoted in the preceding session.
The OTC securities exchange suffered the decline yesterday despite the share prices of three companies closing green.
Central Securities Clearing System (CSCS) Plc was up by N1.80 to close at N39.80 per share compared with Thursday’s price of N38.00 per share, Air Liquide Plc appreciated by N1.09 to N11.99 per unit from N10.90 per unit, and FrieslandCampina Wamco Nigeria Plc grew by 78 Kobo to N56.57 per share from N55.79 per share.
During the session, the volume of transactions rose by 6,885.3 per cent to 18.2 million units from 4.3 million units, the value of transactions ballooned by 10,301.7 per cent to N389.7 million from N347.2 million, but the number of deals declined by 29.7 per cent to 26 deals from 37 deals.
Infrastructure Credit Guarantee Company (InfraCredit) Plc ended the day as the most traded stock by value on a year-to-date basis with 5.8 billion units worth N16.4 billion, followed by Okitipupa Plc with 170.4 million units valued at N8.0 billion, and Air Liquide Plc with 507.5 million units worth N4.2 billion.
InfraCredit Plc also finished the day as the most traded stock by volume on a year-to-date basis with 5.8 billion units transacted for N16.4 billion, followed by Industrial and General Insurance (IGI) Plc with 1.2 billion units sold for N420.2 million, and Impresit Bakolori Plc with 536.9 million units worth N524.9 million.
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