NASD OTC Exchange Loses 0.23% as FrieslandCampina, CSCS Stocks Fall

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By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange depreciated by 0.23 per cent on Monday, June 26, following the fall in the share prices of FrieslandCampina WAMCO Nigeria Plc and Central Securities Clearing System (CSCS) Plc.

The milk producer declined by N1.04 to finish at N69.92 per unit compared with the previous session’s value of N70.96 per unit, while the Nigerian depository company shed 8 Kobo to close at N18.02 per share versus the preceding session’s N18.10 per share.

The fall in the two companies’ equities depleted the value of the NASD OTC exchange by N2.43 billion to N1.036 trillion from the N1.038 trillion it closed last Friday.

Following the same trend was the NASD Unlisted Securities Index (NSI), which went down by 1.74 points to 749.06 points from the 750.82 points recorded in the previous session.

The volume of securities traded at the bourse in the opening session of the week went down by 89.9 per cent to 623,550 units from the 6.2 million units traded in the preceding session.

The value of shares traded yesterday decreased by 91.5 per cent to N114.8 million from last Friday’s N1.4 billion, as the number of deals increased by 81.3 per cent to 29 deals from the 16 deals achieved in the previous trading session.

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

Also, VFD Group Plc closed the session as the most traded stock by value on a year-to-date basis with the sale of 17.2 million units for N3.9 billion, followed by Geo-Fluids Plc, which has sold 842.5 million units for N1.3 billion, and FrieslandCampina Wamco Nigeria Plc was in third place with 18.4 million units valued at N1.3 billion.

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