Friesland Lifts Unlisted Securities Index by 0.57%


By Adedapo Adesanya

FrieslandCampina WAMCO Nigeria Plc was the only price gainer on the floor of the NASD Over-The-Counter (OTC) Securities Exchange on Thursday, August 6.

The rise in the FMCG company’s share price pushed the NASD Unlisted Securities Index (NSI) up by 0.57 per cent equivalent to 3.99 points during the session to 706.07 points from 702.08 points recorded at the previous session.

It equally supported the market capitalisation by 0.57 per cent or N2.93 billion, closing at N518.65 billion as against the previous session’s N515.72 billion.

The share price of FrieslandCampina WAMCO Nigeria Plc recorded a N3 gain to finish the day’s trading session at N124 per share in contrast to N127 per unit it closed at the last session.

There were six deals executed on two stocks during the session at the exchange compared to nine deals of the preceding session.

These deals were executed on FrieslandCampina WAMCO Nigeria Plc with four deals while Central Securities Clearing Systems (CSCS) Plc had two deals executed at the session.

The total number of shares transacted by investors at the market dropped by 98.7 per cent to 16,978 units compared to 1.3 million units on record at the previous session.

Following in the same pattern, the total value of shares transacted at the session fell by 83.1 per cent as N1.2 million worth of securities exchanged hands compared to N7.1 million worth of stocks exchanged during Wednesday’s session.

At the close of business, the company with the highest volume of trades (year-to-date) was ARM Life Plc with 7.4 billion units worth N4.6 billion. The second spot was occupied by CSCS Plc after trading 199.9 million units valued at N2.7 billion, while Food Concepts Plc was in the third position with 125.1 million units worth N88.1 million.

Also, ARM Life Plc ended the session as the most traded stock by value (year-to-date) with 7.4 billion units of its shares worth N4.6 billion. CSCS Plc was in second place with 199.9 million units traded at N2.7 billion, while Niger Delta Exploration and Production (NDEP) Plc came third with 8.5 million units traded at N2.6 million.

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.

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