Friesland Further Buries NASD Exchange by 0.43%
By Adedapo Adesanya
FrieslandCampina WAMCO Nigeria Plc overpowered three price gainers at the NASD Over-the-Counter OTC Securities Exchange on Monday to leave the unlisted securities market bloodied by 0.43 per cent.
The loss recorded by the milk maker ensured that the NASD unlisted security index (NSI) further depleted by 3.26 points yesterday to 749.04 points from 752.30 points recorded at the previous session.
It also caused the market capitalisation of the exchange to reduce by N2.27 billion to N532.43 billion from N534.70 billion it closed last Friday.
Business Post reports that Friesland lost 2.7 per cent or N3.23 during the session to settle at N118 per share compared with N121.23 per share of the preceding session.
On the gainers’ chart, Niger Delta Exploration and Production (NDEP) Plc appreciated by N4 or 1.4 per cent to close at N296.64 per unit versus the previous N292.48 per unit.
Nigerian Exchange (NGX) Group Plc gained 6 kobo or 0.3 per cent to close at N21.23 per share as against the previous N21.17 per share, while Central Securities Clearing System (CSCS) Plc appreciated by 2 kobo or 0.1 per cent to close at N17.55 per unit compared with last Friday’s N17.53 per unit.
During the trading day, there was an 82.4 per cent drop in the volume of securities traded as investors exchanged 1.0 million units of securities in contrast to the 5.9 million units of securities traded last Friday.
Likewise, there was a 78.7 per cent decline in the value of shares transacted as investors traded N35.8 million worth of stocks in contrast to the N167.5 million worth of stocks exchanged at the preceding session.
Also, there was a 38.0 per cent decrease in the number of deals carried out at the market on Monday as 44 deals were executed compared with 71 deals executed when the market last opened for trading activities.
NGX Group accounted for 24 deals, NDEP Plc and Friesland accounted for six deals each, CSCS Plc recorded two deals, while Afriland Properties Plc and Air Liquide Plc made one deal apiece.
At the close trading yesterday, NGX Group was the most traded stock by volume (year-to-date) with 241.8 million units worth N5.5 billion. Swap Technologies and Telecomms Plc was in second place with 46.6 million units worth N41.0 million, while CSCS Plc held the third position with 28.6 million units worth N444.2 million.
Also, NGX Group was the most active stock by value (year-to-date) with 241.8 million worth N5.5 billion, followed by NDEP Plc with 2.8 million units worth N864.1 million and Friesland with 5.7 million units worth N721.1 million.