By Adedapo Adesanya
FrieslandCampina Wamco Nigeria Plc lifted the NASD Over-the-Course (OTC) Securities Exchange by 0.95 per cent on Thursday, December 8 after its share price rose by N4.75 to sell at N72.50 per unit, in contrast to the previous day’s N67.75 per unit.
This suppressed the 7 Kobo loss recorded by Central Securities Clearing System (CSCS) Plc during the session, closing at N13.43 per share versus Wednesday’s closing rate of N13.50 per share.
As a result of this, the total value of the OTC stock market grew by N8.92 billion to wrap the day at N944.71 billion compared with the preceding day’s N935.79 billion, just as the NASD unlisted securities index (NSI) gained 6.79 points to close at 712.16 versus the previous day’s 718.95 points.
During the session, the trading volume rose by 128 per cent as a total of 128,533 units of shares exchanged hands compared with the 56,370 units of shares transacted on Wednesday.
Similarly, the trading value jumped by 191.8 per cent to N3.8 million from the previous session’s N1.3 million, while the number of deals depreciated by 15.4 per cent to 11 deals from 13 deals.
AG Mortgage Bank Plc remained the most traded stock by volume on a year-to-date basis with a turnover of 2.3 billion units valued at N1.2 billion, trailed by CSCS Plc with the sale of 688.0 million units worth N14.3 billion, and Light House Financial Services Plc with the sale of 224.7 million units valued at N112.3 million.
In the same vein, CSCS Plc ended the trading day as the most active stock by value on a year-to-date basis with a turnover of 688.0 million units exchanged at N14.3 billion, VFD Group Plc was in second place with the sale of 29.1 million units valued at N7.7 billion, while FrieslandCampina WAMCO Nigeria Plc was in third place with a turnover of 17.7 million units valued at N1.9 billion.
Modupe Gbadeyanka