NASD Bourse Wraps 0.51% Amid N1.4bn Turnover

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By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange appreciated further by 0.51 per cent on Friday, June 23, following a positive price movement from FrieslandCampina WAMCO Nigeria Plc.

The milk producer closed the session at N70.96 per share compared with the preceding day’s value of N68.27 per share after gaining N2.69.

This improved the value of the NASD bourse by N5.25 billion to N1.038 trillion from N1.033 trillion, as the NASD Unlisted Securities Index (NSI) went up by 3.80 points to wrap the session at 750.82 points compared with 747.02 points recorded at the previous session.

During the session, the volume of securities traded by investors decreased by 58.1 per cent to N6.2 million units from the 14.8 million units traded a day earlier, the number of deals depreciated by 20.00 per cent to 16 deals from the 20 deals reported in the preceding session, while the value of shares traded went up by 861.2 per cent to N1.4 billion versus the N141.1 million achieved in the previous trading day.

The most traded stock by volume on a year-to-date basis was Geo-Fluids Plc with a turnover of 842.5 million units valued at N1.3 billion, it was trailed by Industrial and General Insurance (IGI) Plc with the sale of 630.1 units worth N49.6 million, and UBN Property Plc with 408.4 million units valued at N348.5 million.

The most active stock by value on a year-to-date basis remained VFD Group Plc with a turnover of 17.2 million units worth N3.9 billion, followed by Geo-Fluids Plc with 842.5 million units worth N1.3 billion, and FrieslandCampina Wamco Nigeria Plc with the sale of 18.3 million units valued at N1.3 billion.

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