FrieslandCampina Lifts NASD Exchange by 0.21%
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange appreciated by 0.21 per cent on Monday, August 29, following the increase in the value of FrieslandCampina Wamco Nigeria Plc shares.
The securities of the milk-producing giant improved by N3.00 or 3.23 per cent during the session to close at N96.00 per unit as against N93.00 per unit of the last session.
FrieslandCampina weighed on the losses reported by the duo of 11 Plc and NASD Plc.
11 Plc depreciated by N10 to close at N170.00 per unit in contrast to last Friday’s N180.00 per unit, while NASD Plc lost 40 Kobo to sell for N15.60 per share versus the previous value of N16.00 per share.
As a result, the total value of the NASD exchange moved up by 1.57 points to 762.49 points from 760.92 points, while the market capitalisation gained N2.06 billion to wrap the day at N1.003 trillion from N1.001 billion that was quoted on Friday.
However, the trading volume fell yesterday by 35.9 per cent as a total of 127,323 units of shares exchanged hands compared with 198,914 units of shares transacted in the preceding session.
The trading value rose by 20.4 per cent to N5.9 million from the previous session’s N4.9 million, while the number of trades witnessed a 22.2 per cent jump to 11 deals from nine deals.
AG Mortgage Plc was still the most traded stock by volume (year-to-date) with 2.3 billion units valued at N1.2 billion, Central Securities Clearing System (CSCS) Plc stood in second place with 686.6 million units worth N14.2 billion while Food Concepts Plc was in third place with 147.8 million units valued at N128.4 million.
In the same vein, CSCS Plc was the most active stock by value (year-to-date) with 686.6 million units worth N14.2 billion, VFD Group Plc was in second place with 24.5 million units of stocks valued at N6.6 billion while FrieslandCampina WAMCO Nigeria Plc was in third place with 14.1 million units valued at N1.7 billion.