FrieslandCampina Shrinks Value of Unlisted Securities Market by 0.69%

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By Adedapo Adesanya

A market bellwether, FrieslandCampina Wamco Nigeria, dragged the NASD Over-the-Counter (OTC) Securities Exchange into the negative territory by 0.69 per cent on Friday, April 28.

FrieslandCampina Wamco Nigeria Plc lost N3.58 during the session to sell at N79.42 per share compared with the preceding day’s N83.00 per share.

The decline in the share price of the leading dairy company shrank the value of the unlisted securities market by N7 billion yesterday to N1.010 trillion from the N1.017 trillion it finished in the previous session.

In the same vein, it weakened the NASD Unlisted Securities Index (NSI) on the last trading session of the week by 5.05 basis points to end the day at 730.21 basis points as against the 735.26 basis points it recorded on Thursday.

During the session, there was a surge in the volume of securities traded at the bourse by 11,512.6 per cent as investors transacted 10.1 million units of stocks, in contrast to the 86,660 units of stocks traded a day earlier.

In the same pattern, there was a jump in the value of shares traded by the market participants by 136.2 per cent to N13.6 million from N5.8 million, while the number of deals carried out yesterday went up by 22.2 per cent to seven deals from the nine deals carried out in the previous trading session.

Geo-Fluids Plc remained the most traded stock by volume (year-to-date) with 820.8 million units valued at N1.3 billion, Industrial and General Insurance (IGI) Plc stood in second place for selling 615.8 units valued at N48.6 million, while UBN Property Plc was in third place with 379.8 million units worth at N321.6 million.

On the flip side, VFD Group Plc was the most traded stock by value (year-to-date) with 10.4 million units worth N2.4 billion, Geo-Fluids Plc followed with 820.8 million units valued at N1.3 billion, while FrieslandCampina Wamco Nigeria Plc was in third place with 4.7 million units valued at N330.6 million.

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