Adedapo Adesanya
By Adedapo Adesanya
A day after returning to gaining ways, FrieslandCampina Wamco Plc saw its shares price increase for the second day at the NASD Over-The-Counter (OTC) Securities Exchange. Last week, the share value of the company had lost a whooping N13.
But the momentum started to build for the company on Wednesday, gaining N2.27k to close at N117.27 per share. On Thursday, the gains were extended and the share price rose further by N2.01 to N119.28, closing as the market’s only gainer.
Despite this, the market capitalisation of the NASD OTC Exchange depreciated during the day’s session by 0.53 percent or N2.64 billion to settle at N497.33 billion in contrast to N499.97 billion quoted on Wednesday.
Following the same trend was the NASD Unlisted Security Index (NSI), which also depreciated by 0.53 percent or 0.58 points yesterday to close at 692.24 points against 692.82 points recorded at the previous session.
Also, the volume of trades maintained a downward trend at the session, shedding 30.9 percent or 35,928 units to 80,507 units from 116,435 units recorded on Wednesday.
However, the total value of transactions printed by investors at the market rose yesterday by 452 percent or N12.9 million to N15.7 million from N2.8 million in the previous session, while the number deals executed improved by 100 percent or six deals at the session to 12 deals from six deals transacted during the midweek trading day.
Central Securities Clearing System (CSCS) Plc still took the top spot in terms of the most traded stock by value (year-to-date) with 202,272,698 units worth N2.53 billion, while UBN Properties followed on the list with 884,529,600 units of its stocks sold at a value of N1.2 billion.
But in terms of the most traded equity by volume (year-to-date), Food Concept Plc is yet to lose its spot to any other company, trading a total of 1,158,828,284 units of its stocks valued at N844 billion, while UBN Properties is following with 921,841,397 units worth N1.24 billion.
