FrieslandCampina Further Sinks Unlisted Security Index by 0.26%

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange extended its stay in the red territory after it lost 0.26 per cent on Tuesday, November 7 following the poor performance of FrieslandCampina Wamco Nigeria Plc.

The company depreciated by N1.51 to close at N74.40 per unit compared with the previous day’s N75.91 per unit, causing the NASD Unlisted Security Index (NSI) to slide by4.77 points to end the day at 828.31 points compared with the previous day’s 335.08 points.

In the same vein, the market capitalisation of the unlisted securities exchange went down by N6.45 billion to close the trading session at N1.123 trillion, in contrast to Monday’s value of N1.129 trillion.

Business Post reports that the bourse posted a price gainer yesterday, as the value of Acorn Petroleum Plc increased by 4 Kobo to finish at 52 Kobo per share compared with the preceding day’s 48 Kobo per share.

At the market yesterday, there was a 33.0 per cent rise in the volume of securities traded by investors to 575,265 units from the 178,311 units transacted by market participants in the preceding session.

However, the value of shares traded during the trading session improved by 10.1 per cent to N24.9 million from the preceding session’s N25.8 million, while the number of deals decreased by 30.4 per cent to six deals from the 11 deals achieved a day earlier.

Central Securities Clearing System (CSCS) Plc ended the day as the most traded stock by volume (year-to-date) with 1.2 billion units sold for N22.3 billion, trailed by UBN Property Plc with 1.1 billion units valued at N1.1 billion, and Geo-Fluids Plc with 701.9 million units worth N1.3 million.

Also, CSCS Plc closed the trading session as the most traded stock by value (year-to-date) with 1.2 billion units valued at N22.3 billion, followed by VFD Group with 26.6 million units worth N5.9 billion, and Aradel Plc with 7.6 million units sold for N3.0 billion.