Adedapo Adesanya
By Adedapo Adesanya
Food processing company, FrieslandCampina Wamco Plc, posted a good performance on the floor of the NASD Over-The-Counter (OTC) Securities Exchange on Thursday, December 19.
The rise in the share price of the makers of the popular Peak Milk increased at the market yesterday to boost the 0.37 percent growth printed by the unlisted securities market.
Business Post reports that Friesland recorded a N1.88 gain equivalent to a jump of 1.54 percent to finish the day’s trading session at N121.88 per share in contrast to N120 per unit it closed on Wednesday.
This growth helped to push the market capitalisation of the bourse forward by N1.83 billion to N501.07 billion, higher than N499.24 billion it quoted on Wednesday.
Likewise, the NASD Unlisted Security Index (NSI) went up by 2.56 points during the session to settle at 697.45 points against 694.89 points recorded at the previous session.
This trend extended to the total number of shares transacted by investors at the market yesterday. The volume of trades rose by 119.3 percent or 536,688 units to 986,712 units from 450,024 units of the previous day.
In the same vein, the value of transactions broadly increased on Thursday by N27.8 million or 98.1 percent to N56.1 million from the N28.3 million worth of stocks exchanged during this midweek session.
But the number deals executed by investors during the Thursday trading session saw no changes as a total of 21 deals, like it was done on Wednesday at the exchange, were carried out.
Food Concept Plc remained the most traded security by volume (year to date) on NASD with the sale of 1,158,949,954 units valued at N844.1 billion, while UBN Properties followed with 941,820,697 units worth N1.27 billion.
On the other hand, when this is measured by value (year-to-date), Central Securities Clearing System (CSCS) Plc is top on the list with 202,272,698 units worth N2.53 billion, while UBN Properties trails with 884,529,600 units of its stocks sold for N1.2 billion.
