Afriland Properties, FrieslandCampina Raise NASD Index by 0.97%

By Adedapo Adesanya

FrieslandCampina Wamco Nigeria Plc and Afriland Properties Plc raised the NASD Over-the-Counter (OTC) Securities Exchange by 0.97 per cent on Thursday, October 22.

During the session, FrieslandCampina added N12.56 to close at N149.95 per unit compared with the preceding session’s N137.39 per unit, and Afriland Properties Plc rose by 40 Kobo to N12.90 per share from N12.50 per share.

This increased the market capitalisation by N25.04 billion to N2.608 trillion from N2.583 trillion, and expanded the NASD Security Index (NSI) by 41.72 points to 4,345.33 points from 4,303.61 points.

A look at the activity chart showed that the volume of trades surged by 757.7 per cent to 738,844 units from 86,142 million, and the number of deals rose by 53.3 per cent to 23 deals from 15 deals, while the value of transactions depreciated by 33.3 per cent to N6.7 million from N10.0 million.

The most traded stock by value on a year-to-date basis was Great Nigeria Insurance (GNI) Plc, with 3.4 billion units worth N8.4 billion, followed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units transacted for N6.5 billion, and Central Securities Clearing System (CSCS) Plc with 81.9 million units sold 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 valued at N8.4 billion, followed by Infracredit Plc with 2.3 billion units exchanged for N6.5 billion, and Resourcery Plc with 1.1 billion units traded for N415.7 million.