Nipco, Friesland Sink OTC Bourse by 0.42%
By Adedapo Adesanya
Nipco Plc and FrieslandCampina WAMCO Nigeria Plc sank the NASD Over-the-Counter (OTC) Securities Exchange by 0.42 per cent on Thursday, September 1.
The shaky performances in the stock prices of these companies depreciated the market capitalisation of the OTC bourse by N4.2 billion to N1.003 trillion from N1.007 trillion.
In the same vein, the NASD Unlisted Securities Index (NSI) shed 3.19 basis points to end the day at 762.12 points as against the 765.31 points it recorded in the previous session.
FrieslandCampina WAMCO Nigeria Plc went down by N3 during the session to sell at N93.00 per share compared to N96.00 per share of the previous session, while Nipco Plc deflated by N2 to N58.00 per unit from N60.00 per unit.
Meanwhile, there was a price gainer and it was Delta Exploration and Production (NDEP) Plc, which improved by N11.22 to settle at N209.00 per unit versus Wednesday’s value at N197.78 per unit. However, the company could not save the exchange from its downfall yesterday.
During the session, the volume of securities transacted by investors decreased by 98.7 per cent to 121,600 units from 9.3 million units, while the value of securities transacted slumped by 92.6 per cent to N9.1 million from N122.9 million, with the number of deals reduced by 14.3 per cent to six deals from the preceding day’s seven deals.
AG Mortgage Bank Plc remained the most traded stock by volume on a year-to-date basis with the sale of 2.3 billion units valued at N1.2 billion, Central Securities Clearing System (CSCS) Plc stood in second place with 686.6 million units worth N14.2 billion, while Food Concepts Plc was in third place with 147.8 million units valued at N128.4 million.
CSCS Plc was the most traded stock by value on a year-to-date basis with a turnover of 686.6 million units worth N14.2 billion, VFD Group Plc was in second place with 24.5 million units valued at N6.6 billion, while FrieslandCampina WAMCO Nigeria Plc was in third place with 14.1 million units valued at N1.7 billion.