Food Concepts, FrieslandCampina Sink NASD OTC Bourse by 0.29%

March 22, 2024
food concepts

By Adedapo Adesanya

Food Concepts Plc and FrieslandCampina Wamco Nigeria Plc activated a 0.29 per cent loss at the NASD Over-the-Counter (OTC) Securities Exchange on Thursday, March 21.

Food Concepts, which owns the food chain, Chicken Republic, saw a 7 Kobo price depreciation to sell at N2.15 per share compared to midweek’s N2.22 per share, and FrieslandCampina Wamco Plc lost N1.17 to end at N70.83 per unit versus the preceding day’s N72.00 per unit.

The duo depleted the market capitalisation of the NASD OTC bourse by N4.14 billion to close at N1.432 trillion compared with the previous day’s N1.437 trillion and the NASD Unlisted Security Index (NSI) went down by 3.05 points to end the day at 1,057.04 points as against 1,060.09 points it recorded at the previous session.

In terms of the volume of securities traded at the bourse, there was a 25.6 per cent slump yesterday to 218,390 units, in contrast to the previous day’s 293,655 units, as the value of securities transacted during the session decreased by 8.9 per cent to N24.8 million from the N27.2 million achieved in the midweek session.

These transactions were executed in 14 deals compared with the 12 deals carried out a day earlier, indicating a 16.7 per cent increase, according to data obtained by Business Post from the alternative bourse.

The most traded stock by volume on a year-to-date basis was IPWA Plc with the sale of 79.9 million units for N40.0 million, followed by Mixta Real Estate Plc with a turnover of 69.9 million units worth N114.6 million, and Geo-Fluids Plc with the sale of 53.8 million units valued at N133.5 million.

Aradel Holdings Plc, with a turnover of 2.2 million units valued at N4.8 billion, remained as the most active equity by value on a year-to-date basis, trailed by FrieslandCampina Wamco Nigeria Plc with 4.8 million units sold for N360.9 million, and Central Securities Clearing System (CSCS) Plc with 8.6 million units worth N179.7 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.

Leave a Reply

naira value
Previous Story

Naira Trades Stronger at N1,453.28/$1 on FX Liquidity Boost

faac allocation
Next Story

FAAC Distributes N 1.152trn to FG, States, Local Councils for March 2024

Latest from Economy

NASD Unlisted Security Index

NASD Index Declines by 0.02%

By Adedapo Adesanya There was a 0.02 per cent loss at the NASD Over-the-Counter (OTC) Securities Exchange on Friday, June 21 after the share

Don't Miss