By Adedapo Adesanya
For the second trading day, the NASD Over-the-Counter (OTC) Securities Exchange recorded growth, this time, it was spurred by an appreciation in the equities of FrieslandCampina WAMCO Nigeria Plc.
The performance of the milk maker contributed to the 1.3 per cent gained by the unlisted securities market at the close of business on Thursday, January 7.
Consequently, the NASD Unlisted Security Index (NSI) increased by 9.62 points when activities were wrapped up at the session, ending at 752.34 points as against the 742.72 points it finished a day earlier.
In the same vein, the milk-producing company energised the market capitalisation of the bourse by N6.9 billion to finish at N539.81 billion in contrast to N532.91 billion it ended on Wednesday.
According to data from the exchange, FrieslandCampina WAMCO Nigeria Plc gained N8 or 6.2 per cent to close at N138 per share versus N130 per share of the previous day.
However, FrieslandCampina WAMCO Nigeria was not the only price mover as Niger Delta Exploration and Production (NDEP) Plc ended on the other side of the divide, losing N5 in value to close at N350 per share compared with N355 per share of the previous day.
Business Post reports that there was an improvement in the trading volume at the unlisted securities market yesterday as a total of 48,000 stocks were traded at the session, 317.4 per cent higher than the 11,500 units traded at the preceding day.
Similarly, the value of securities traded by investors at the fourth session of the week rose to N9.6 million, a whopping 1,569.1 per cent more than the previous session’s N574,000.
There was also a rise in the number of deals made on Thursday as seven deals were executed on shares of three companies; FrieslandCampina (five deals), NDEP Plc (one deal) and Nipco Plc (one deal).
Furthermore, on the activity chart, Central Securities Clearing Systems (CSCS) Plc with 45,890 units worth N724,268 has the highest trading volume on a year-to-date basis. It was followed by FrieslandCampina WAMCO Plc which has sold 31,000 units worth N4.2 million, and NDEP Plc, which has traded 26,650 units worth N9.4 million, while Nipco Plc stood in fourth place with 2,500 units traded for N170, 000.
NDEP Plc took the top position in terms of value by year-to-date with 26,650 units worth N9.4 million. FrieslandCampina WAMCO Plc, which has sold 31,000 units worth N4.2 million, followed in second place. CSCS Plc came next with 45,890 units of its stocks worth N724, 268 while Nipco Plc has traded 2,500 units for N170,000.
