CSCS, Friesland Lift NASD Market by 0.22%

By Adedapo Adesanya

The bulls made a return to the NASD Over-the-Counter (OTC) Securities Exchange following a 0.22 per cent rise on Monday, September 26.

The favourable outcome came on the back of gains recorded by Central Securities Clearing System (CSCS) Plc and FrieslandCampina Wamco Nigeria Plc.

CSCS Plc appreciated by 37 Kobo to close at N12.90 per unit in contrast to N12.53 per unit as Friesland made a 10 Kobo growth to close at N73.10 per share as against the previous session’s N73.00 per share.

As a result of this, the NASD unlisted securities index (NSI) moved up by 1.56 points to 725.12 points from 723.56 points as the market capitalisation gained N2.05 billion to wrap the day at N954.56 billion in contrast to last Friday’s N952.51 billion.

However, during the day, the trading volume slid by 38.4 per cent as a total of 37,205 units of shares exchanged hands compared with the 60,420 units transacted last Friday.

At the close of business, the trading value rose by 4,657.7 per cent to N2.7 million compared with the previous day’s rate of N57,125.00.

The day also witnessed a 260 per cent jump in the number of deals traded as 18 deals were carried out compared to five deals in the previous session.

AG Mortgage Plc remained the most traded stock by volume on a year-to-date basis with 2.3 billion units valued at N1.2 billion, CSCS Plc stood in second place with 687.6 million units worth N14.3 billion, and the third place was occupied by Mixta Real Estate Plc with 178.1 million units valued at N313.4 million.

Also, the most active stock by value on a year-to-date basis was CSCS Plc with 687.6 million units exchanged for N14.2 billion, VFD Group Plc was in second place with 27.7 million units valued at N7.4 billion as FrieslandCampina WAMCO Nigeria Plc was in third place with a turnover of 14.3 million units valued at N1.7 billion.