Friesland Leads NASD OTC Exchange to 0.52% Appreciation
By Adedapo Adesanya
Friesland Campina WAMCO Nigeria Plc welcomed the bull at the NASD Over-the-Counter (OTC) Securities Exchange and caused the exchange to close the first trading session of the week by 0.52 per cent.
At the close of business on Monday, the market capitalisation of the NASD OTX exchange went up by N3.22 billion to N625.27 billion from N622.05 billion, while the NASD Unlisted Securities Index (NSI) increased by 3.8 points to wrap the session at 738.41 points compared with 734.61 points recorded last Friday.
It was observed that the stock price of Friesland Campina WAMCO Nigeria Plc rose during the session by N3.50 or 2.8 per cent to N125.00 per unit versus the last session’s N121.50 per unit.
However, the equity value of Central Securities Clearing Systems (CSCS) Plc depreciated yesterday by 4 kobo or 0.2 per cent as it was sold at N18.16 per unit in contrast to the previous closing price of N18.20 per unit.
A look at the level of activity showed the volume of shares transacted by investors went up by 376.3 per cent to 2.4 million units from the previous 502,795 units, while the value of shares surged by 429.7 per cent to N24.1 million from last Friday’s N4.6 million, with the number of deals increasing by 400 per cent to 20 deals from four deals achieved at the preceding session.
When the market closed for the session, CSCS Plc remained as the most traded stock by volume on a year-to-day basis with a turnover of 655.6 million units worth N13.8 billion. NASD Plc traded 6.9 million units worth N84.0 million to occupy the second spot, while Food Concepts Plc, which claimed the third place, has traded 4.0 million units worth N3.2 million.
By value on a year-to-date basis, CSCS Plc was also on top of the chart with the sale of 655.6 million units worth N13.8 billion, followed by VFD Plc with 916,161 units valued at N331.5 million, and Friesland Campina WAMCO Plc with 2.0 million units valued at N248.2 million.