Friesland Lifts Unlisted Securities Market by 0.41%

Friesland WAMCO

By Adedapo Adesanya

FrieslandCampina WAMCO Nigeria Plc pulled a good performance on the floor of the NASD over-the-counter (OTC) Securities Exchange on Tuesday, July 28.

The rise in the FMCG company’s share price pushed the market capitalisation to gain 0.41 per cent or N2.88 billion to close at N705.59 billion. At the previous session, the market value had dropped to N702.71 billion.

It also supported the NASD Unlisted Security Index (NSI), rising by 0.41 per cent, equivalent to 2.11 points, during the session to settle at 705.59 points as against 702.71 points recorded at the previous session.

FrieslandCampina Plc recorded a N2.52 gain to finish the day’s trading session as the only price riser at N123.34 per share in contrast to N120.82 per unit it closed at the last session.

The market also ended with a single decliner and it was the Central Securities Clearing Systems (CSCS) Plc, which lost 7 kobo to close at N14 per share compared to N14.07 per share of the previous day.

There were 10 deals executed on four stocks during the session at the exchange compared to 18 that was published at the preceding session.

These deals were executed on stocks belonging to FrieslandCampina WAMCO Nigeria Plc – four deals; CSCS Plc with three deals; Niger Delta Exploration and Production (NDEP) Plc, two deals and NASD Plc, which registered one deal.

The total number of shares transacted by investors at the market reduced by 62.8 per cent to 419,121 units from 1.1 million units at the previous session.

Following the same pattern was the total value of shares transacted at the session. This fell by 49.2 per cent as N17.1 million worth of securities exchanged hands in contrast to N33.1 million worth of stocks traded during Monday’s session.

The volume of trades (year-to-date) chart showed that ARM Life Plc occupied the first position on Tuesday with 7.4 billion units worth N4.6 billion. CSCS Plc was in second place with 199.3 million units valued at N2.7 billion, while Food Concepts Plc followed with 125 million units worth N88 million.

ARM Life Plc also led the most traded stock by value (year-to-date) log at the close of business yesterday with 7.4 billion units of its shares traded for N4.6 billion. CSCS Plc was in second place with 199.3 million units traded at N2.7 billion, while NDEP Plc came third with 8.4 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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