FrieslandCampina, Two Others Lift Unlisted Securities Market by 0.78%

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange ended the last trading session of the week on a positive note as it gained 0.78 per cent on Friday, July 28.

Data showed that the value of the unlisted securities market grew by N8.34 billion to settle at N1.078 trillion from the N1.069 trillion it quoted at the previous session, while the NASD Unlisted Securities Index (NSI) appreciated by 6.04 points to end the day at 778.96 points as against 772.92 points it recorded at the previous session.

The bullishness came as three securities –FrieslandCampina WAMCO Nigeria Plc, Central Securities Clearing System (CSCS) Plc, and Afriland Properties Plc lifted the market index and valuation.

FrieslandCampina Wamco Plc rose by N3.61 to close at N77.61 per unit versus N74.00 per unit, CSCS Plc gained 24 Kobo to finish at N17.00 per share compared to the previous day’s N16.76 per share, and Afriland Properties Plc increased by 7 Kobo to sell at N3.32 per unit versus the previous session’s N3.25 per unit.

On the activity chart, the volume of securities traded in the final session of the week shrank by 99.5 per cent to 169,468 units to the 30.9 million units transacted by market participants in the previous session.

Equally, the value of shares traded at the bourse decreased by 95.6 per cent to N7.6 million from the N173.6 million recorded a day earlier, as the number of deals fell by 50 per cent to 14 deals from the preceding session’s 28 deals.

CSCS Plc remained the most traded stock by volume (year-to-date) with 1.1 billion units sold for N21.2 billion, Geo-Fluids followed with 625.9 units valued at N1.1 billion, while Industrial and General Insurance (IGI) Plc was in third place with 608.3 million units worth N48.1 million.

Similarly, CSCS Plc was the most traded stock by value (year-to-date) for trading 1.1 billion units worth N21.2 billion, VFD Group trailed with 18.9 million units valued at N4.2 billion, while FrieslandCampico Wamco Nigeria Plc was in third place with 17.7 million units valued at N1.3 billion.