Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange started the new week in the negative zone as FrieslandCampina WAMCO Nigeria Plc pulled it downward by 0.13 per cent on Monday, August 22.
The milk producer closed the session at N89.33 per share after it lost 97 Kobo or 1.1 per cent from its previous closing price of N90.30 per share.
This reduced the market capitalisation of the bourse by N1.29 billion to N991.34 billion from N992.63 billion and trimmed the NASD Unlisted Securities Index (NSI) by 0.98 points to 753.06 points from the 754.04 points recorded in the previous session.
The decline recorded by FrieslandCampina overshadowed the growth posted by CitiTrust Holdings Plc. The share price of the company’s stock rose by 60 Kobo to close at N12.50 per unit in contrast to the previous day’s N11.90 per unit.
During the session, there was an upsurge in the volume of securities traded by 1,602.7 per cent to 979,129 units from the 57,506 units executed at the preceding session.
The value of shares traded at the opening session went higher by 1,329.9 per cent to N150.4 million from N10.5 million, while the number of trades increased by 116.7 per cent to 13 deals from the six deals carried out in the previous trading day.
AG Mortgage Plc remained the most traded stock by volume on a year-to-date basis with the sale of 2.3 billion units valued at N1.2 billion, Central Securities Clearing System (CSCS) Plc retained second place with 686.5 million units worth N14.2 billion, while Food Concepts Plc maintained third place with 147.8 million units valued at N128.4 million.
CSCS Plc also retained its spot as the most traded stock by value on a year-to-date basis with a turnover of 686.5 million units worth N14.2 billion, VFD Group Plc was in second place with 24.5 million units valued at N6.6 billion, while FrieslandCampina WAMCO Nigeria Plc was in third place with 13.9 million units valued at N1.7 billion.
