Adedapo Adesanya
By Adedapo Adesanya
FrieslandCampina Wamco Nigeria Plc spurred the NASD Over-the-Counter (OTC) Securities Exchange to close higher by 1.34 per cent on Friday, March 3.
The stock, which was the only price gainer at the unlisted stock market yesterday, pushed the market capitalisation of the bourse higher by N12.59 billion to N952.64 billion from Thursday’s closing value of N940.05 billion.
In the same vein, it helped to expand the NASD Unlisted Securities Index (NSI) during the session by 9.59 points to 724.99 basis points from the 715.40 basis points achieved a day earlier.
Business Post reports that when the market closed for the day, the share price of FrieslandCampina Wamco Plc rose by N6.45 to N74.50 per unit versus N68.05 per unit.
On the activity chart, investors traded a total of 545,861 units of securities on the last trading session of the week, in contrast to the 31.5 million units of securities transacted in the preceding session, indicating a slump of 98.3 per cent.
In the same vein, the value of shares exchanged by the market participants went down by 80.4 per cent to N5.2 million from the N26.8 million recorded in the previous session.
However, the total number of deals completed during the session increased by 220 per cent to 16 deals from the five deals quoted in the preceding market day.
When the market closed for the day, Geo-Fluids Plc remained the most traded stock by volume (year-to-date) with 344.8 million units valued at N343.7 million, UBN Property Plc stood in second place with 324.8 units valued at N274.3 million, while VFD Group Plc was in third place with 7.2 million units valued at N1.6 billion.
On the flip side, VFD Group Plc was the most traded stock by value (year-to-date) with 7.2 million units worth N1.6 billion, Geo-Fluids Plc was second with 344.8 million units worth N343.7 million, while UBN Property Plc was in third place with 324.8 million units valued at N274.3 million.
