CSCS, FrieslandCampina Lift NASD OTC Bourse by 0.31%

March 2, 2024
CSCS NGX more synergies

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange returned to the positive territory after it gained 0.31 per cent on Friday, March 1, thanks to the duo of Central Securities Clearing System (CSCS) Plc and FrieslandCampina Wamco Nigeria Plc.

CSCS Plc added 81 Kobo to its value to sell for N19.46 per unit compared with the preceding day’s N18.65 per unit, and FrieslandCampina improved by N1.15 to settle at N71.4o per share, in contrast to Thursday’s closing price of N70.25 per share.

However, Aradel Holdings Plc continued its price depreciation yesterday as it shed N6.75 to sell at N2,395.00 per unit compared with the previous day’s value of N2,401.75 per unit.

When trading activities closed for the session, the market capitalisation of the bourse went up by N4.83 billion to N1.547 trillion from N1.542 trillion, and the NASD Unlisted Security Index (NSI) recorded a rise of 3.56 points to end the day at 1,141.61 points as against the 1,138.05 points it recorded in the previous session.

The volume of securities traded at the bourse during the session by investors surged by 112.9 per cent to 838,537 units from 393,731 units, but the value of securities transacted by the market participants went down by 83.7 per cent to N56.9 million from N349.0 million, and the number of deals depreciated by 32.0 per cent to 17 deals from the 32 deals carried out in the preceding trading session.

At the close of business, Aradel Holdings Plc, with a turnover of 1.9 million units valued at N4.1 billion, remained the most active equity by value on a year-to-date basis. This was followed by FrieslandCampina Wamco Nigeria Plc with 4.5 million units sold for N338.8 million, and Mixta Real Estate Plc with 69.9 million units worth N114.5 million.

The most traded stock by volume on a year-to-date basis was Mixta Real Estate Plc with the sale of 69.9 million units for N114.5 million, followed by IPWA Plc with 48.9 million units worth N24.4 million, and Geo-Fluids Plc with 45.8 million units valued at N113.1 million.

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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