FrieslandCampina Returns NASD OTC Market Above N1trn
By Adedapo Adesanya
The market capitalisation of the NASD Over-the-Counter (OTC) Securities Exchange returned above the N1 trillion mark on Wednesday, May 3.
This happened after the share price of FrieslandCampina Wamco Nigeria Plc improved by 54 Kobo to settle at N74.54 per unit compared with the previous day’s value of N74.00 per unit.
Consequently, the value of the NASD OTC market increased by N1 billion or 0.11 per cent to settle at N1.001 trillion compared with the previous day’s N999.99 billion.
Similarly, the NASD Unlisted Securities Index (NSI) also went up by 0.76 points to close at the day at 723.68 points versus the preceding session’s 722.92 points.
There was a 99.1 per cent drop in the volume of securities traded at the bourse yesterday to 109,552 units compared to the previous trading session’s N12.2 million.
However, the value of shares transacted by investors appreciated during the session by 146.3 per cent to N8.2 million from the N3.3 million recorded the preceding day.
These transactions were carried out in eight deals, 27.3 per cent lower than the 11 deals executed by market participants a day earlier.
At the close of business, Geo-Fluids Plc remained the most traded stock by volume on a year-to-date basis with a turnover of 820.8 million units valued at N1.3 billion, IGI Plc stood in second place with the sale of 627.7 units valued at N49.4 million, while UBN Property Plc was in third place with the sale of 379.8 million units valued at N321.6 million.
The most traded stock by value on a year-to-date basis as of Thursday was VFD Group Plc with the sale of 10.4 million units worth N2.4 billion, followed by Geo-Fluids Plc with a turnover of 820.8 million units worth N1.3 billion, while FrieslandCampina Wamco Nigeria Plc was in third place with the sale of 4.9 million units valued at N341.1 million.