NASD OTC Bourse Slides 0.21% Amid FrieslandCampina Loss

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By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange closed lower by 0.21 per cent on Thursday, November 17, triggered by the loss printed by FrieslandCampina WAMCO Nigeria Plc.

The share price of the milk-producing company went down by N1 or 1.5 per cent to close at N67.00 per unit, in contrast to N68.00 per unit it closed in the previous session.

Business Post reports that the loss reduced the market capitalisation of the NASD OTC bourse by N1.92 billion to N935.07 billion from the previous day’s N936.99 billion, as the NASD Unlisted Securities Index (NSI) decreased by 1.47 points to settle at 711.61 points versus Wednesday’s 713.07 points.

In the midst of the fall, the trading data showed that there was a rise in the volume, value, and number of securities deals completed by investors during the session.

According to data from the unlisted securities exchange, the volume of shares traded by market participants stood at 38.5 million, higher than the previous day’s trading volume by 235,157.6 per cent.

Equally, the value of shares exchanged by the investors increased by 14,803.4 per cent to N58.5 million, as the total number of deals executed at the bourse yesterday increased by 100 per cent to 14 deals.

AG Mortgage Bank Plc finished the trading session as the most traded stock by volume on a year-to-date basis, with the sale of 2.3 billion units worth N1.2 billion, Central Securities Clearing System (CSCS) Plc also retained the second spot with the sale of 687.8 million units valued at N14.3 billion, while Lighthouse Financial Services Plc was in third place for trading 224.7 million units valued at N112.3 million.

Also, CSCS Plc maintained its position as the most active stock by value on a year-to-date basis with a turnover of 687.8 million units valued at N14.3 billion, VFD Group Plc was in second place with 29.1 million units worth N7.7 billion, while FrieslandCampina WAMCO Nigeria Plc retained the third place with the sale of 16.2 million units valued at N1.8 billion.

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