Economy
FrieslandCampina Pulls Down NASD Exchange by 0.02%
By Adedapo Adesanya
FrieslandCampina Wamco Nigeria Plc pulled down the NASD Over-the-Counter (OTC) Securities Exchange by 0.02 per cent on Wednesday, June 19, the first trading session after a two-day break to celebrate Eid-el-Kabir.
At the close of transactions yesterday, the market capitalisation of the alternative stock exchange depleted by N490 million to close relatively flat at N2.129 trillion, and the NASD Unlisted Security Index (NSI) shrank by 0.36 points to wrap the session at 1,553.72 points compared with 1,554.08 points recorded in the previous session.
Business Post reports that the share price of FrieslandCampina Wamco Nigeria Plc depreciated at midweek by 25 Kobo to settle at N43.96 per unit, in contrast to last Friday’s value of N44.21 per unit.
During the trading day, the number of deals carried out by investors increased by 15.4 per cent to 35 deals from the 33 deals executed in the preceding trading session.
However, there was a slump in the volume of shares traded on Wednesday by 99.9 per cent, according to data from the bourse, to 314,446 units from the 211.3 million units achieved last Friday.
In the same vein, there was a slide in the value of securities traded at the session by the market participants by 81.0 per cent to N24.8 million compared with the previous trading day’s N130.6 million.
Aradel Holdings Plc, with a turnover of 6.0 million units valued at N15.5 billion, remained the most active equity by value on a year-to-date basis, followed by Central Securities Clearing System (CSCS) Plc with the sale of 101.4 million units for N2.5 billion, and Capital Hotels Plc with 228.6 million units worth N1.1 billion.
Capital Hotels Plc ended the session as the most traded stock by volume on a year-to-date basis with the sale of 228.6 million units valued at N1.1 billion, trailed by Industrial and General Insurance (IGI) Plc with a turnover of 218.8 million units worth N46.1 million, and Mixta Real Estate Plc with the sale of 139.8 million units for N240.1 million.
