By Adedapo Adesanya
FrieslandCampina Wamco Nigeria Plc dragged the NASD Over-the-Course (OTC) Securities Exchange downwards by 0.31 per cent on Monday, August 15.
The milk-producing company recorded a drop in its share price by N1.60 to sell at N88.75 per unit compared with the preceding session’s N90.35 per unit.
As a result of this, the NASD unlisted securities index (NSI) depleted by 2.35 points to 759.83 points from 762.18 points, while the market capitalisation of the bourse dwindled by a sum of N3.1 billion to wrap the day at N1.000 trillion in contrast to N1.003 trillion.
During the session, there was a price gainer and it was Niger Delta Exploration and Production (NDEP) Plc, which saw its value rise by 16 Kobo to trade at N210 per unit in contrast to N209.84 per unit of the preceding session.
Yesterday, the volume of trades rose by 97.7 per cent as a total of 119,564 units of shares exchanged hands compared with the 60,475 units transacted last Friday.
At the close of business, the trading value also jumped by 209.6 per cent to N23.2 million from the previous session’s N7.5 million, while the number of deals decreased by 46.2 per cent to seven deals from 13 deals.
AG Mortgage Plc finished the session as the most traded stock by volume with the sale of 2.3 billion units valued at N1.2 billion, followed by Central Securities Clearing System (CSCS) Plc with the sale of 686.5 million units worth N14.2 billion, while Food Concepts Plc was in third place with the sale of 147.8 million units valued at N128.4 million.
Data from the exchange indicated that the most traded stock by value at the close of business yesterday on a year-to-date basis was still CSCS Plc with 686.5 million units exchanged for N14.2 billion, followed by VFD Group Plc with a turnover of 11.1 million units worth N3.3 billion, and FrieslandCampina WAMCO Nigeria Plc with a turnover of 13.9 million units valued at N1.7 billion.
Modupe Gbadeyanka