Adedapo Adesanya
By Adedapo Adesanya
FrieslandCampina Wamco Nigeria Plc triggered a 0.33 per cent loss at the NASD Over-the-Counter (OTC) Securities Exchange on Monday, December 11, putting an end to the recent positive run at the alternative bourse.
According to data obtained from the exchange, the NASD Unlisted Security Index (NSI) decreased by 2.95 points to close at 883.55 basis points compared with last Friday’s 886.50 basis points, as the market capitalisation went down by N4 billion to settle at N1.197 trillion, in contrast to the previous trading day’s N1.201 trillion.
FrieslandCampina Wamco Plc shed N2.34 during the trading day to quote at N74.56 per share compared with the previous session’s value of N76.90 per share.
However, the share price of UBN Property Plc improved by 10 Kobo to end the day at N1.75 per unit compared with last Friday’s closing price of N1.65 per unit, but it could not prevent the market from crashing because of the impact of the milk-maker.
At the close of transactions in the opening session of the week, a total of 591.4 million units of securities were traded by investors, in contrast to the 807,496 units of securities transacted in the preceding session, indicating a 73,140.2 per cent surge.
Equally, the value of shares exchanged by the market participants went up by 1,826 per cent to N1.1 billion from the N57.1 million recorded in the previous session, while the number of deals closed flat at 22 deals.
Business Post reports that UBN Property Plc took over as the most traded stock by volume (year-to-date) with 1.7 billion units valued at N2.2 billion, Central Securities Clearing Systems (CSCS) Plc slipped to second place with 1.2 billion units worth N22.4 billion, and Geo-Fluids Plc closed in third place with 729.5 units sold for N1.4 billion.
However, CSCS Plc retained its position as the most traded stock by value (year-to-date) with 1.2 billion units sold for N22.4 billion, VFD Group Plc followed with 26.6 million units worth N5.9 billion, and Aradel Holdings Plc was in third place with 7.8 million units valued at N3.1 billion.
