FrieslandCampina Weakens NASD OTC Exchange by 0.32%

November 7, 2023

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange slumped by 0.32 per cent on Monday, November 6, affected by a decline in the price of FrieslandCampina Wamco Nigeria.

The maker of the popular Peak Milk lost N1.94 during the trading session to settle at N75.91 per share, in contrast to the preceding session’s price of N77.85 per share.

As a result, the market capitalisation of the alternative stock exchange depreciated during the session by N3.58 billion to N1.125 trillion from N1.129 trillion it closed in the preceding session, as the NASD Unlisted Security Index (NSI) went down by 2.65 points to wrap the session at 830.43 points compared with 833.08 points recorded in the previous session.

Business Post reports that yesterday, the NASD bourse witnessed a price gainer, Central Securities Clearing System (CSCS) Plc, which gained 4 Kobo to sell at N20.04 per share, in contrast to last Friday’s closing price of N20.00 per share.

A look at the activity chart of the unlisted securities bourse showed an improvement from the last trading session, as the trading volume, value, and the number of deals surged at the close of business.

The volume of transacted stocks increased by 142.5 per cent to 432,399 units from 178,311 units, the value of shares traded also went up by 10.9 per cent to N27.7 million from N25.8 million, and the number of deals went up by 109.9 per cent to 23 deals from 11 deals.

CSCS Plc remained the most traded stock by volume on a year-to-date basis with 1.2 billion units worth N22.3 billion, UBN Property Plc was in second place with 1.1 billion units valued at N1.1 billion, and Geo-Fluids Plc stood in third place with 701.9 units worth N1.3 billion.

Similarly, CSCS Plc ended the trading session as the most traded stock by value on a year-to-date basis with 1.2 billion units worth N22.3 billion, VFD Group retained the second spot with 26.6 million units valued at N5.9 billion, and Aradel Holdings Plc was in third place with 7.6 million units worth N3.0 billion.

Adedapo Adesanya

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

Leave a Reply

Naira BDC Segment
Previous Story

Naira Depreciates at Official Market, P2P, Parallel Market

Dangote cement unclaimed dividends
Next Story

Dangote Cement N50bn Commercial Paper Sales Close Today

Latest from Economy

Don't Miss