Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed downward by 0.65 per cent on Tuesday, October 24 following selling pressure on one of the market’s bellwethers, FrieslandCampina Wamco Nigeria Plc.
The dairy firm upturned the growth recorded by UBN Property Plc during the trading session.
According to data from the alternative securities exchange, FrieslandCampina Wamco Ple lost N4.15 yesterday to close at N80.00 per share versus the previous day’s N84.15 per share.
However, the real estate company gained 13 Kobo during the session to settle at N1.46 per unit, in contrast to Monday’s closing price of N1.33 per unit.
At the close of business, the value of the bourse went down by N7.37 billion to finish at N1.123 trillion compared with the preceding day’s N1.130 trillion and the NASD Unlisted Security Index (NSI) dropped 5.44 points to end the day at 838.19 points versus 833.63 points.
A total of 17.3 million securities were transacted yesterday, 227.8 per cent higher than the 5.3 million securities traded by market participants in the opening session, and the value of transactions increased by 43 per cent to N47.1 million from N32.9 million, while the number of deals decreased by 23.1 per cent to 10 deals from the 13 deals recorded a day earlier.
Central Securities Clearing System (CSCS) Plc remained the most traded stock by volume on a year-to-date basis with the sale of 1.2 billion units valued at N22.3 billion, UBN Property Plc was in second place with 964.9 million units valued at N968.4 million and Geo-Fluids Plc stood in third place with 696.6 units valued at N1.3 billion.
Similarly, CSCS Plc ended the trading session as the most traded stock by value on a year-to-date basis with 1.2 billion units worth N22.3 billion, VFD Group followed with a turnover of 26.6 million units valued at N5.9 billion, Aradel Holdings Plc was in third place with 7.2 million units valued at N2.8 billion.
