FrieslandCampina Lifts NASD OTC Market by 0.01%

By Adedapo Adesanya

FrieslandCampina WAMCO Nigeria Plc raised the market capitalization and the index of the NASD Over-the-Counter (OTC) Securities Exchange by 0.01per cent on Tuesday, December 7.

The bullish performance in the stock price of the milk-producing company added the sum of N9 million to the market capitalisation of the NASD OTC Market to N630.03 billion from N629.94 billion of the previous session.

In addition, it lifted the NASD Unlisted Securities Index (NSI) by 0.11 basis points to end the day at 744.03 points as against 743.92 points it recorded on Tuesday.

During the session, the value of FrieslandCampina WAMCO Nigeria Plc appreciated by 50 kobo or 0.4 per cent to N119.00 per unit as against the previous N118.50 per unit.

Business Post reports that the share price of Central Securities Clearing Systems (CSCS) Plc went down at the midweek session by 8 kobo or 0.4 per cent to trade at N19.75 per unit compared to N19.83 per unit of the preceding trading day.

At the close of transactions yesterday, the volume of securities traded at the bourse decreased by 66.5 per cent as a total of 121,422 units were traded at the unlisted securities market compared with the 362,800 units transacted by market participants at the preceding session.

In the same pattern, there was a dip in the value of shares by 38.4 per cent to N13.9 million from N22.6 million, while the number of deals fell by 10 per cent to nine deals compared with the 10 deals carried out a day earlier.

CSCS Plc ended the session as the most active stock by volume on a year-to-date basis with a turnover of 653.8 million units sold for N13.7 billion. NASD Plc came next with 2.9 million units valued at N49.1 million, while Dufil Plc came in third place as it has so far traded 2.0 million units valued at N18 million.

CSCS Plc was also the most active stock by value on a year-to-date basis with a turnover of 653.8 million units worth N13.7 billion, VFD Group Plc has traded 916,161 units valued at N331.5 million, while Niger Delta Exploration and Production (NDEP) Plc has exchanged 279,523 units for N65.8 million.