FrieslandCampina Lifts NASD OTC Bourse by 0.94%

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange appreciated by 0.94 per cent on the first trading session of the week after the Sallah break on Wednesday, July 13.

This good performance was influenced by the growth in the price of FrieslandCampina WAMCO Nigeria Plc by N4.90 or 4.90 per cent to settle at N105.00 per share compared with the preceding session’s N100.10 per share.

However, the share price of Capital Bancorp Plc went down by 2 Kobo or 0.71 per cent to close at N2.81 per unit versus last Friday’s value of N2.83 per unit.

But at the close of business, the market capitalisation of the NASD OTC bourse increased by N9.56 billion to wrap the session at N1.028 trillion compared with the previous N1.018 trillion, while the NASD Unlisted Securities Index (NSI) went up by 7.26 points to 781.05 points from 773.79 points.

A look at the activity chart showed that the total value of shares transacted at the unlisted securities market yesterday was lower by 3.4 per cent as investors traded N9.7 million compared with the preceding day’s N10.0 million.

However, there was a surge in the volume of securities traded at the bourse by 843.1 per cent to 3.0 million units from 319,497 units, while the number of deals rose by 25 per cent to 10 deals from eight deals.

AG Mortgage Plc was still the most traded stock by volume (year-to-date) with the sale of 2.3 billion units valued at N1.2 billion, Central Securities Clearing System (CSCS) Plc trailed with the sale of 675.6 million units worth N14.1 billion, while Food Concepts Plc was in third place with the sale of 146.5 million units valued at N127.1 million.

Also, CSCS Plc was the most traded stock by value (year-to-date) with a turnover of 675.6 million units for N14.1 billion, VFD Group Plc was in second place with 11.1 million units worth N3.3 billion, while FrieslandCampina WAMCO Nigeria Plc was in third place for trading 11.9 million units valued at N1.5 billion.