Friesland, Resourcery Extend Further Sink NASD by 0.19%

July 14, 2023

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange extended its presence in the negative zone by 0.19 per cent on Thursday, July 13, fuelled by FrieslandCampina Wamco Nigeria Plc and Resourcery Plc.

FrieslandCampina went down by N2.22 during the session to N74.96 per share, in contrast to Wednesday’s closing price of N77.18 per share, as Resourcery Plc depreciated by 4 Kobo to trade at 41 Kobo per unit compared with the midweek session’s 45 Kobo per unit.

The duo pushed down the effect of the 50 Kobo gained by Central Securities Clearing System (CSCS) Plc, closing at N18.50 per share versus N18.00 per share.

At the close of business, the market capitalisation of the trading platform shrank by N1.99 billion to N1.073 trillion from N1.075 trillion, as the NASD Unlisted Securities Index (NSI) decreased by 1.44 points to wrap the session at 775.77 points compared with 777.21 points recorded at the previous session.

Business Post reports that the volume of securities traded at the bourse yesterday depleted by 99.9 per cent to 406,829 units from the 324.3 million units achieved in the preceding session.

Also, the value of shares traded during the trading day declined by 91.3 per cent to N15.4 million from the N177.3 million printed in the midweek session.

These transactions were carried out in 35 deals, 6.1 per cent lower than the 33 deals executed in the previous trading session.

At the close of transactions, CSCS Plc remained the most traded stock by volume (year-to-date) with 1.1 billion units valued at N21.2 billion, Geo-Fluids stood in second place with 625.9 units worth N1.1 billion, and Industrial and General Insurance (IGI) Plc was in third place with 608.3 million units worth at N48.1 million.

Also, CSCS Plc was the most traded stock by value (year-to-date) with 1.1 billion units valued at N21.2 billion, VFD Group followed with 18.9 million units worth N4.2 billion, and Geo-Fluids Plc was in third place with 625.9 million units valued at N1.1 billion.

Adedapo Adesanya

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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