FrieslandCampina, CSCS Pull Down NASD Index by 1.67%

December 28, 2023

By Adedapo Adesanya

The due of FrieslandCampina Wamco Nigeria Plc and Central Securities Clearing System (CSCS) Plc brought down the NASD Over-the-Counter (OTC) Securities Exchange by 1.67 per cent on Wednesday, December 27.

As a result of the losses posted by the bellwether stocks, the value of the unlisted securities market depreciated by N21.03 million to close at N1.239 trillion from the N1.259 trillion it quoted at the previous session, which was last Friday, as the NASD Unlisted Security Index (NSI) dropped 15.51 points to end the day at 913.99 points compared with the preceding session’s 929.50 points.

Yesterday, the price of FrieslandCampina went down by N5.75 to close at N75.00 per unit against the previously traded price of N80.75 per unit, and CSCS Plc declined by N1.96 to trade at N18.04 per share versus last Friday’s closing price of N20.00 per share.

During the trading day, the volume of securities traded at the bourse surged by 389.6 per cent to 401,525 units from the 82,008 units transacted by market participants in the preceding session.

Similarly, the value of shares traded yesterday increased by 92.3 per cent to N13.5 million from N7.04 million, while the number of deals carried out by investors depreciated by 10 per cent to nine deals from the 10 deals executed in the previous trading session.

At the close of business, UBN Property Plc was the most traded stock by volume on a year-to-date basis with 1.7 billion units valued at N2.2 billion, followed by CSCS Plc with 1.2 billion units sold for N22.4 billion, and Geo-Fluids Plc with the sale of 834.1 units worth N1.7 billion.

The most traded stock by value on a year-to-date basis remained CSCS Plc with a turnover of 1.2 billion units valued at N22.4 billion, followed by VFD Group Plc with the sale of 26.6 million units for N5.9 billion, and Aradel Holdings Plc with 7.8 million units valued at N3.2 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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