Two Stocks Trigger 0.05% Loss at Unlisted Stock Exchange

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By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange fell by 0.05 per cent on Wednesday, February 1, triggered by losses seen in the stock prices of FrieslandCampina WAMCO Nigeria Plc and UBN Property Plc.

At the midweek session, which did not record a single price gainer, the market capitalisation of the unlisted stock exchange depreciated by N440 million to N931.71 billion from N932.15 billion, while the NASD unlisted securities index dropped 0.33 points to settle at 709.06 points, in contrast to the preceding day’s 709.39 points.

During the session, the price of FrieslandCampina went down by 17 Kobo to trade at N64.83 per unit, in contrast to the previous session’s N65.00 per unit, while UBN Property Plc depreciated by 2 Kobo to sell at 75 Kobo per share compared with the preceding session’s 77 Kobo per share.

The level of activity also declined yesterday in the midst of the drop in the major market barometers, as the trading volume, value, and number of deals depreciated at the close of business.

The volume of transacted stocks decreased by 98.7 per cent to 273,038 units from the 20.4 million units traded in the preceding session, the value of shares traded went down by 91.7 per cent to N11.33 million from N29.5 million, and the number of deals fell by 91.7 per cent to five deals from the 14 deals published on Tuesday.

Geo-Fluids Plc still finished the day as the most traded stock by volume on a year-to-date basis with 321.2 million units worth N317.2 million, UBN Property Plc stood in second place with 35.8 million units valued at N25.8 million, while FrieslandCampina Wamco Nigeria Plc was in third place with 2.2 million units valued at N144.2 million.

In the same vein, Geo-Fluids Plc was the most active stock by value on a year-to-date basis with 321.2 million units sold for N317.2 million, Frieslandcampina Wamco Nigeria Plc was in second place with 2.2 million units valued at N144.2 million, while UBN Property Plc was in third place for trading 561,810 units valued at N137.0 million.

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