Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) recorded another 0.36 per cent appreciation on the back of bullish price movement from FrieslandCampina WAMCO Nigeria Plc on Friday, April 22.
FrieslandCampina WAMCO Nigeria Plc, which has been the best-performing stock this month, closed the day as the single price mover as it gained N4.05 or 2.2 per cent to close the week at N185.96 per share compared with the previous closing price of N181.91 per share.
The appreciation in this stock pushed the market capitalisation of the bourse higher by N3.61 billion to N1.008 trillion from N1.005 billion, while the NASD Unlisted Securities Index (NSI) grew by 2.74 points to wrap the session at 767.28 points compared with 764.54 points recorded in the previous session.
During the session, the stock price of Food Concept Plc dropped 6 kobo or 8 per cent to 75 kobo per unit from 81 kobo per unit.
Yesterday, there was a rise in the volume of securities traded by investors by 3,060.2 per cent to 10.1 million units from 318,566 units, while the value of transactions reduced by 14.7 per cent to N20.0 million from the N23.5 million posted on Thursday, with the number of deals rising by 41.7 per cent to 17 deals from the preceding session’s 12 deals.
AG Mortgage Bank Plc ended the session as the most traded stock by volume on a year-to-date basis with a turnover of 2.3 billion units valued at N1.2 billion, Central Securities Clearing System (CSCS) Plc stood in second place with a turnover of 660.7 million units worth N13.9 billion, while NASD Plc was in third place with 43.3 million units valued at N466.7 million.
The most traded stock by value on a year-to-date basis was CSCS Plc with 660.7 million traded units exchanged for N13.9 billion, AG Mortgage Bank Plc was in second place with 2.3 billion units valued at N1.2 billion, while FrieslandCampina WAMCO Plc in third place has 5.2 million units valued at N737.5 million.
