CSCS, Friesland Return Sanity to NASD With 0.9% Growth

By Adedapo Adesanya

The bull returned to the floor of the NASD Over-the-Counter (OTC) Securities Exchange following a 0.9 per cent rise on Thursday, December 9.

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

Friesland made a N1.85 or 1.6 per cent rise to close at N112.65 per share as against N110.80 per share it closed at the last session, while CSCS Plc appreciated by 84 kobo or 4.7 per cent to close at N17.75 per unit in contrast to N16.91 per unit it closed at the previous session.

As a result of this, the NASD Unlisted Security Index (NSI) moved up by 6.59 points to 736.41 points from 729.82 points, while the market capitalisation gained N5.45 billion to wrap the day at N608.41 billion versus the preceding day’s N602.96 billion.

However, the unlisted securities market closed the session with two price decliners; Niger Delta Exploration and Production (NDEP) Plc and Nipco Plc.

Nipco Plc led with a fall of N2 or 2.7 per cent to close at N75.00 per share in contrast to N77.00 per share it closed a day earlier, while NDEP Plc lost 99 kobo or 0.4 per cent to wrap the session at N228.00 per unit compared with N228.99 per unit it ended on Wednesday.

During the session, the trading volume improved by 84.8 per cent as a total of 3.4 million units of shares exchanged hands compared with 1.9 million units transacted on Wednesday.

At the close of business, the trading value rose by 88.6 per cent to N71.6 million from the previous day’s N37.9 million, while the number of deals declined by 35.7 per cent to nine deals from 14 deals achieved at the previous session.

Food Concepts Plc remained as the most active stock by volume (year-to-date) as it has traded 11.4 billion units of its shares for N14.4 billion. Lighthouse Financial Services Plc followed with 1.1 billion units valued at N546.2 million, while Geo Fluids Plc was in third place with 1.0 billion units worth N700.1 million.

Also, Food Concepts Plc was the most active stock by value (year-to-date) for trading 11.4 billion units for N14.4 billion, Nigerian Exchange (NGX) Group Plc trailed with 456.5 million units sold for N9.2 billion, while VFD Group Plc has exchanged 10.4 million units valued at N3.5 billion.