Local Unlisted Securities Sheds 0.69%

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By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange slumped by 0.69 per cent on Wednesday, September 14  as the prices of FrieslandCampina WAMCO Nigeria Plc and  NASD Plc finished lower at the close of transactions.

FrieslandCampina Wamco Nigeria Plc recorded a N5.00 loss yesterday to close at N81.00 per unit compared with the previous day’s N86.00 per unit, while NASD Plc declined by N1.35 to sell at N12.70 per share versus Tuesday’s N14.05 per share.

The two pushed aside the N10.00 per cent growth reported by 11 Plc, closing at N180.00 per share in contrast to the previous day’s value of N170.00 per share.

At the close of business, the total value of local unlisted securities declined by N6.81 billion to wrap the day at N975.80 billion compared with the preceding day’s N982.61 billion, while the NASD Unlisted Securities Index (NSI) decreased by 5.18 points to settle at 741.25 points in contrast to 746.43 points.

During the session, the volume of securities traded at the bourse by investors plunged by 48.1 per cent to 137,271 units from the preceding session’s 264,249 units, while the value of shares transacted by market participants surged by 170.1 per cent to N12.3 million from N4.6 million, with the number of deals going down by 54.6 per cent to five deals from 11 deals.

AG Mortgage Bank Plc remained the most traded stock by volume (year-to-date) with 2.3 billion units worth N1.2 billion, Central Securities Clearing Systems (CSCS) Plc stood in second place with 687.5 million units worth N14.3 billion, while Food Concepts Plc was in third place with 147.8 million units valued at N128.4 million.

Also, CSCS Plc, with the sale of 687.5 million units worth N14.3 billion was the most traded stock by value (year-to-date) and was trailed by VFD Group Plc with 27.7 million units worth N7.4 billion, and FrieslandCampina WAMCO Nigeria Plc with 14.2 million units valued at N1.7 billion.

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