FrieslandCampina, CSCS Raise Unlisted Securities Market By 0.54%

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By Adedapo Adesanya

A 0.54 per cent growth was recorded by the NASD Over-the-Counter (OTC) Securities Exchange on Monday, September 25, after the duo of FrieslandCampina WAMCO Nigeria Plc and Central Securities Clearing System (CSCS) Plc witnessed improvements in the share prices.

The milk producer gained N1.39 during the session to end at N73.59 per unit compared with last Friday’s value of N72.20 per unit, while the Nigerian depository company grew by 70 Kobo to sell at N18.20 per share versus N17.50 per share.

At the close of transactions, the total value of the unlisted securities market jumped by N6.21 billion to finish at N1.149 trillion, in contrast to the preceding session’s N1.143 trillion.

Following the same trend was the NASD Unlisted Securities Index (NSI), which increased its numbers by 1.36 points to 778.03 points from the 779.39 points recorded at the previous session.

However, the volume of securities traded at the bourse during the session waned by 82.1 per cent to 1.9 million units from the 10.7 million units recorded last Friday, the value of shares traded yesterday went down by 69.1 per cent to N10.2 million from N32.9 million, and the number of deals carried out depreciated by 7.2 per cent to 13 deals from the 14 deals executed in the preceding session.

CSCS Plc ended the most traded stock by volume on a year-to-date basis with 1.1 billion units valued at N22.2 billion, UBN Property stood in second place with 946.1 units worth N942.0 million, and Geo-Fluids Plc was in third place with 667.3 million units valued at N1.2 billion.

CSCS Plc was also the most traded stock by value on a year-to-date basis with the sale of 1.1 billion units valued at N22.2 billion, VFD Group, which is likely to exit the market, came next with 26.6 million units worth N5.9 billion, and Aradel Holdings Plc was in third place with 6.2 million units valued at N2.2 billion.

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