FrieslandCampina, Others Shrink NASD OTC Securities Exchange by 1.14%

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange fell into the danger zone on Tuesday, November 28, as it recorded a 1.14 per cent loss after the price of three securities on the platform closed lower.

This chopped off N13.33 billion from the NASD OTC securities exchange at the close of transactions, going down to N1.158 trillion from the N1.171 trillion it ended in the previous session.

Business Post reports that the effort of a price gainer yesterday could not save the NASD Unlisted Security Index (NSI) from declining by 9.84 points to 854.67 points from the 864.51 points it closed on Monday.

FrieslandCampina Wamco Nigeria Plc lost N3.35 on Tuesday to settle at N70.00 per share versus the earlier day’s N73.35 per share, Central Securities Clearing System (CSCS) Plc shed N1.31 to close at N17.10 per unit against the preceding day’s N18.41 per unit, and UBN Property Plc fell by 5 Kobo to finish at N1.60 per share compared with the previous day’s N1.65 per share.

However, the price of Acorn Petroleum Plc improved during the session by 2 Kobo to quote at 59 Kobo per unit, in contrast to Monday’s closing value of 57 Kobo per unit.

Yesterday, there was a 2,373.1 per cent rise in the volume of securities traded at the bourse by investors to 2.3 million units from 93,500 units on Monday, as the number of deals increased by 23.1 per cent to 16 deals from 13 deals, while the value of shares traded by investors went down by 0.5 per cent to N12.0 million from the preceding session’s N12.1 million.

CSCS Plc remained the most traded stock by volume (year-to-date) with 1.2 billion units valued at N22.4 billion, UBN Property Plc was in second place with 1.1 billion units worth N1.2 billion, and Geo-Fluids Plc stood in third place with 704.2 units sold for N1.3 billion.

Similarly, CSCS Plc ended the day as the most traded stock by value (year-to-date) with 1.2 billion units worth N22.4 billion, followed by VFD Group with 26.6 million units sold for N5.9 billion, and Aradel Plc with 7.8 million units valued at N3.1 billion.