FrieslandCampina Wamco Crashes NASD Index by 0.20%

By Adedapo Adesanya

FrieslandCampina Wamco Nigeria Plc tumbled the NASD Over-the-Counter (OTC) Securities Exchange by 0.20 per cent on Thursday, September 25, after its share price went down by N2.13 to N57.87 per unit from the previous day’s N60.00 per unit.

The contraction in the price of the popular dairy firm depleted the market capitalisation of the unlisted securities exchange by N4.16 billion to N2.122 trillion from the N2.127 trillion it ended at midweek.

Equally, the NASD Unlisted Security Index (NSI) depreciated at the close of business by 6.95 points to finish at 3,548.11 points, in contrast to the 3,555.06 points it ended on Wednesday.

The alternative stock market ended yesterday’s trading session with no price advancer.

A look at the activity chart showed that the volume of transactions went down by 96.3 per cent to 77,963 units from the previous 2.1 million units, the value of transactions depreciated by 98.7 per cent to N3.5 million from N272.9 million, and the number of deals went down by 60 per cent to 12 deals from 30 deals.

Okitipupa Plc retained its spot as the most traded stock by value on a year-to-date basis with 160.2 million units worth N6.2 billion, trailed by Air Liquide Plc with 507.3 million units valued at N4.2 billion, and FrieslandCampina Wamco Nigeria Plc with 45.1 million units sold for N2.0 billion.

Industrial and General Insurance (IGI) Plc was the most traded stock by volume on a year-to-date basis with 1.2 billion units transacted for N418.6 million, followed by Impresit Bakolori Plc with 536.9 million units worth N524.8 million, and Air Liquide Plc with 507.3 million units traded for N4.2 billion.