Again, FrieslandCampina Lifts NASD OTC Exchange

December 21, 2022

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange recorded a 0.06 per cent appreciation on the back of another positive price movement in the shares of FrieslandCampina WAMCO Nigeria Plc on Tuesday, December 20.

FrieslandCampina WAMCO Nigeria Plc, which has been the bellwether stock this month, closed the day as the single price mover after it gained 29 Kobo to close at N66.29 per unit compared with the previous day’s value of N66.00 per unit.

The appreciation in this stock boosted the value of the bourse by N560 million yesterday to N931.50 billion from the N930.94 billion that it closed in the preceding session.

Also, the NASD Unlisted Securities Index (NSI) grew by 0.43 points to wrap the session at 708.90 points compared with 708.47 points recorded in the previous session.

At the market on Tuesday, there was a rise in the volume of securities traded by investors by 165.2 per cent to 133,823 units from the 50,460 units transacted a day earlier.

Similarly, there was a 120.6 per cent rise in the value of shares traded yesterday as the market closed with N7.3 million worth of trades, in contrast to the N3.3 million worth of transactions executed on Monday.

Furthermore, the number of deals carried out by investors increased by 166.7 per cent to 16 deals from the six deals completed in the preceding trading session.

AG Mortgage Bank Plc remained the most traded stock by volume on a year-to-date basis, with a turnover of 2.3 billion units worth N1.2 billion, followed by Central Securities Clearing System (CSCS) Plc with 688.2 million units valued at N14.3 billion, and Lighthouse Financial Services Plc with the sale of 224.7 million units valued at N112.3 million.

Also, CSCS Plc ended the trading session as the most active stock by value on a year-to-date basis with the sale of with 688.2 million units worth N14.3 billion. VFD Group Plc was in second place with 29.1 million units worth N7.7 billion, and FrieslandCampina WAMCO Nigeria Plc was in third place with 18.2 million units valued at N2.0 billion.

Adedapo Adesanya

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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