By Adedapo Adesanya
FrieslandCampina Wamco Nigeria Plc stocks lifted the NASD Over-the-Counter (OTC) Securities Exchange by 4.12 per cent on Tuesday, with the market capitalisation of the platform rising by N89.08 billion at the close of business to N2.249 trillion from the N2.160 trillion recorded in the preceding session.
The energy company recorded a N410.62 appreciation during the second trading session of the week to settle at N5,697.55 per share, in contrast to the previous day’s N46.16 per share.
Consequently, the NASD Unlisted Security Index (NSI) increased yesterday by 65.01 points to wrap the session at 1,641.41 points compared with 1,576.40 points recorded in the previous session.
Business Post reports that the share price of Afriland Properties Plc shrank by 9 Kobo during the session to finish at N17.90 per unit, in contrast to the preceding day’s N17.99 per unit.
The volume of securities traded during the session by investors went up by 162.3 per cent, according to data from the unlisted stock market, to 266,118 units, in contrast to the 101,456 units recorded in the preceding session, the value of shares transacted by the market participants increased by 111.9 per cent to N976.2 million from the N460.5 million posted a day earlier, and the number of deals surged by 41.8 per cent to 78 deals from the 55 deals carried out in the previous trading day.
Afriland Properties Plc closed the trading session as the most active equity by volume on a year-to-date basis with the sale of 292.9 million units for N5.2 billion, Capital Hotels Plc came next with 259.6 million units valued at N1.3 billion, and Industrial and General Insurance (IGI) Plc was in the third spot with the sale of 218.8 million units worth N46.1 million.
Aradel Holdings Plc finished the session as the most traded stock by value on a year-to-date basis with 10.2 million units valued at N34.6 billion, trailed by Afriland Properties Plc with 292.9 million units sold for N5.2 billion, and Central Securities Clearing System (CSCS) Plc with 105.9 million units worth N2.5 billion.