Adedapo Adesanya
By Adedapo Adesanya
FrieslandCampina WAMCO Nigeria Plc dragged the NASD Over-the-Counter (OTC) Securities Exchange to the red zone by 0.46 per cent on Tuesday, May 9.
This weakened the market capitalisation of the NASD OTC bourse by N4.62 billion to N1.006 trillion from the N1.011 trillion quoted at the previous session.
Also, it squeezed 3.33 points from the NASD Unlisted Security Index (NSI) as it ended the session at 727.76 points as against the 731.09 points it recorded a day earlier.
The share price of FrieslandCampina WAMCO Nigeria Plc went down by N2.47 to N71.50 per unit compared with Monday’s value of N73.97 per unit.
This eroded the 15 Kobo price appreciation recorded by Afriland Properties Plc during the session, closing at N2.50 per share versus N2.35 per share.
At the close of transactions, the volume of securities bought and sold by investors depreciated by 99.8 per cent to 29,657 units, in contrast to the 12.2 million units transacted a day earlier.
Also, the value of trades traded by the market participants decreased by 93.8 per cent yesterday to N855,388.00 from the N13.7 million achieved on Monday.
These transactions were carried out in six deals compared with the 11 deals traded in the preceding trading day, indicating a decline of 45.5 per cent.
When trading activities were wrapped up for the day, Geo-Fluids Plc remained the most traded stock by volume on a year-to-date basis with 820.8 million units worth N1.3 billion, trailed by Industrial and General Insurance (IGI) Plc with 627.7 units valued at N49.4 million, and UBN Property Plc with 390.9 million units worth N332.0 million.
On its part, VFD Group Plc maintained its position as the most traded stock by value on a year-to-date basis with 10.4 million units valued at N2.4 billion, followed by Geo-Fluids Plc with 820.8 million units worth N1.3 billion, and FrieslandCampina Wamco Nigeria Plc with 5.0 million units valued at N350.1 million.
