Adedapo Adesanya
By Adedapo Adesanya
FrieslandCampina Wamco Plc posted a good performance on Wednesday, December 4, 2019, at the NASD Over-The-Counter (OTC) Securities Exchange, closing with its share value rising again.
Last week, the share price of the food processing company in the agricultural sector suffered losses for three consecutive days, but yesterday, things looked good.
During trading last week, the share price plunged down to N115 per share from N128.72. However, on Wednesday, it gained N2.27k to close at N117.27 per share.
As a result of this, it helped the market capitalisation of the exchange to rise by N2.22 billion to close at N499.97 billion, higher than N497.75 billion it quoted on Tuesday, indicating a 0.45 percent increase.
Following the same trend was the NASD Security Index (NSI), which also went up by 0.45 percent after gaining 3.09 points to settle at 695.91 points against 692.82 points recorded at the previous session.
However, the volume of trade could not keep up a good performance like it had done in the two previous sessions this week. The trading volume dropped by 97.4 percent to 116,435 units from 4.4 million units recorded on Tuesday.
Following the same pattern, the total value of transactions declined by 69.7 percent to N2.8 million at the midweek session from N9.3 million realized at the previous day’s market.
But the number deals executed by investors during the midweek trading day saw no changes as a total of six deals, like it was done on Tuesday at the Exchange, were carried out.
Central Securities Clearing System (CSCS) Plc took the top spot in terms of the most traded stock by value (year-to-date) with 202,272,698 units worth N2.53 billion, while UBN Properties followed on the list with 884,529,600 units of its stocks sold for N1.2 billion.
Meanwhile, Food Concept Plc remained at the top of trades by volume (year to date) chart with a total transaction of 1,158,828,284 units valued at N844 billion, while UBN Properties followed with 921,841,397 units worth N1.24 billion.
