Friesland, CSCS Lift Unlisted Securities Exchange by 0.06%

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By Adedapo Adesanya

The duo of FrieslandCampina WAMCO Nigeria Plc and Central Securities Clearing System (CSCS) Plc lifted the NASD Over-the-Counter (OTC) Securities Exchange by 0.06 per cent on Wednesday, October 12.

They improved the NASD Unlisted Securities Index (NSI) by 0.47 points to 725.41 points from 724.94 points and increased the market capitalisation during the session by N620 million to N954.95 billion from the N954.33 billion it closed in the preceding session.

During the session, the price of FrieslandCampina went up by 19 Kobo to settle at N73.34 per unit in contrast to the previous day’s N73.15 per unit while CSCS Plc appreciated by 5 Kobo to sell at N13.25 per share compared with the preceding session’s N13.20 per share.

In the midst of the outcome, the unlisted securities bourse reported an improvement in the level of transactions as the trading volume, value and number of deals appreciated at the close of business.

The volume of transacted stocks increased by 718.1 per cent to 215,854 units from the 98,969 units traded in the preceding session, while the value of shares traded went up by 87.2 per cent to N42.9 million from N42.9 million, with the number of deals growing by 233.3 per cent to 20 deals from six deals.

At the close of trades, AG Mortgage Bank Plc maintained its position as the most traded stock by volume on a year-to-date basis with the sale of 2.3 billion units of its stocks valued at N1.2 billion. CSCS Plc stood in second place with 687.7 million units valued at N14.3 billion, and Mixta Real Estate Plc was in third place with 178.1 million units valued at N313.4 million.

The most traded stock by value on a year-to-date basis was still CSCS Plc with the sale of 687.7 million units worth N14.3 billion, followed by VFD Group Plc with 28.1 million units worth N7.4 billion, and FrieslandCampina WAMCO Nigeria Plc with 14.4 million units valued at N1.7 billion.

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