Economy
CSCS, FrieslandCampina Weaken NASD Index by 0.22%
By Adedapo Adesanya
Market bellwethers, Central Securities Clearing System (CSCS) Plc and FrieslandCampina Wamco Nigeria Plc, overpowered six price gainers to drag the NASD Over-the-Counter (OTC) Securities Exchange down by 0.22 per cent on Monday, November 2.
CSCS Plc lost N1.74 to close at N94.26 per share compared with the previous session’s N96.00 per share, and FrieslandCampina declined by N1.38 to sell at N131.00 per unit versus N132.38 per unit.
The losses brought down the bourse’s market capitalisation by N5.76 billion to N2.564 trillion from N2.570 trillion and weakened the NASD Security Index (NSI) by 9.64 points to 4,272.48 points from 4,282.07 points.
During the session, MRS Oil Plc expanded by N10.56 to N116.20 per share from N105.64 per share, 11 Plc appreciated by N1.56 to N244.21 per unit from N242.65 per unit, UBN Property Plc improved by 19 Kobo to N2.17 per share from N1.98 per share, Industrial and General Insurance (IGI) Plc added 5 Kobo to quote at 62 Kobo per unit versus 57 Kobo per unit, Acorn Petroleum Plc soared by 2 Kobo to N1.30 per share from N1.28 per share, and IPWA Plc chalked up 1 Kobo to close at N12.00 per unit versus N11.99 per unit.
Yesterday, the volume of securities increased by 677.3 per cent to 1.3 million units from 173,527 units, the value of securities surged by 133.9 per cent to N30.6 million from N13.1 million, and the number of deals rose by 2.9 per cent to 36 deals from 35 deals.
Great Nigeria Insurance (GNI) Plc remained the most active stock by value on a year-to-date basis, with 3.4 billion units valued at N8.4 billion, trailed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units exchanged for N6.5 billion, and CSCS Plc with 81.8 million units worth N6.0 billion.
GNI Plc also finished the session as the most traded stock by volume on a year-to-date basis, with 3.4 billion units transacted for N8.4 billion, followed by Infracredit Plc with 2.3 billion units traded for N6.5 billion, and Resourcery Plc with 1.1 billion units sold for N415.7 million.
