Adedapo Adesanya
By Adedapo Adesanya
The NASD Over the Counter (OTC) Securities Exchange was fortified with the necessary nutrients to have the energy for a smooth ride this week, thanks to a dairy company on the exchange, FrieslandCampina WAMCO Nigeria Plc.
Business Post reports that on Monday, the unlisted securities market opened the week on the positive note by 0.37 per cent as a result of the performance of the maker of a popular milk product in Nigeria.
As a result, the NASD Unlisted Security Index (NSI) appreciated by 2.75 points to finish at 738.59 points in contrast to 735.84 points it closed last Friday.
In the same vein, the market capitalisation increased by N1.97 billion to settle at N529.95 billion compared with N527.98 billion it ended at the preceding session.
In the session, the share price of FrieslandCampina rose by N2.2 or 1.7 per cent to close at N135 per unit compared to N132.80 per unit it traded last Friday.
It was observed that the NASD Exchange recorded a price loser yesterday and this was Afriland Plc, which depreciated by 13 kobo or 9.4 per cent to trade at N1.26 per share versus the previous N1.39 per share.
On the opening day of the new week, the volume of securities transacted by investors rose by 621.6 per cent to 99,582 units from 13,800 units, while the value also skyrocketed by 3,285.7 per cent to N7.5 million from N220,965 recorded at the previous session.
In addition, the total number of deals executed improved by 50 per cent as three deals were performed at the exchange as against two deals recorded last Friday.
One of the deals was carried out on the day’s only price advancer, FrieslandCampina, while the day’s sole price loser, Afriland Plc, accounted for two deals.
UBN Property Plc maintained its position as the most active stock by volume on a year-to-date basis with the sale of 15.5 million units of its securities valued at N16.8 billion. Central Securities Clearing Systems (CSCS) Plc trailed with 3.0 million units worth N46.0 million, while FrieslandCampina has traded 2.0 million units worth N248.0 million.
However, the most traded stock by value on a year-to-date basis was FrieslandCampina, which has exchanged 2.0 million units valued at N248.0 million. Niger Delta Exploration and Production (NDEP) Plc trailed with 487,711 units valued at N161.5 million, while CSCS has traded 3.0 million units worth N46.0 million.
