FrieslandCampina Lifts NASD OTC Exchange by 0.04%
By Adedapo Adesanya
FrieslandCampina Wamco Nigeria Plc helped the NASD Over-the-Course (OTC) Securities Exchange up by 0.04 per cent on Monday, November 21, creating a reprieve for the market, which had taken heavy beatings in the month.
The leading dairy brand recorded a 20 Kobo gain to sell at N67.20 per share yesterday as against the N67.00 per share it was sold last Friday.
As a result of this, the NASD unlisted securities index (NSI) added 0.30 points to close at 711.91 points compared with the previous 711.61 points, as the market capitalisation of the NASD OTC exchange rose by N390 million to wrap the day at N935.46 billion compared with the preceding session’s N935.07 billion.
Also, the trading volume increased yesterday by 116,164 per cent to 116,264 units of shares, in contrast to the 100 units of shares transacted last Friday, and the trading value jumped by 47,697.50 per cent to N7.4 million from N15,500.00, with the number of deals improved by 400 per cent to five deals from the one deal achieved in the previous session.
AG Mortgage Plc was still the most traded stock by volume on a year-to-date basis with the sale of 2.3 billion units valued at N1.2 billion, Central Securities Clearing System (CSCS) Plc stood in second place with 687.8 million units worth N14.3 billion, while Lighthouse Financials Services Plc was in third place with 224.7 million shares worth N112.3 million.
Also, CSCS Plc remained as the most traded stock by value on a year-to-date basis with a turnover of 687.8 million units worth N14.3 billion, followed by VFD Group Plc with the sale of 29.1 million units valued at N7.7 billion, while FrieslandCampina WAMCO Nigeria Plc was in third place with 16.3 million units valued at N1.8 billion.