Adedapo Adesanya
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange found itself in the bears’ colony on Thursday, July 14 after the fall in the share price of FrieslandCampina WAMCO Nigeria Plc chopped off 0.43 per cent from the market.
According to data from the exchange, Friesland lost 47 Kobo during the session to close at N104.53 per unit compared with the previous day’s N105.00 per unit and as a result of this, the market capitalisation of the unlisted securities exchange went down by N4.44 billion to settle at N1.023 trillion in contrast to the previous day’s N1.028 trillion.
In the same vein, the NASD Unlisted Securities Index (NSI) depreciated yesterday by 3.37 points to end the session at 777.68 points compared with 781.05 points recorded in the previous session.
Business Post reports that the bourse posted a price gainer yesterday and it was Capital Bancorp Plc, which appreciated by 14 Kobo to close at N2.95 per share in contrast to N2.81 per share.
There was a slide in the volume of securities traded at the bourse on Thursday as investors exchanged 632,000 units, 79.0 per cent lower than the 3.0 million units reported in the preceding session.
The value of shares traded yesterday also dropped by 6.3 per cent to N9.1 million from the preceding session’s N9.7 million, while the number of deals increased by 30 per cent to 13 deals from 10 deals on Wednesday.
AG Mortgage Plc closed the trading day as the most traded stock by volume (year-to-date) with 2.3 billion units valued at N1.2 billion, Central Securities Clearing System (CSCS) Plc has sold 675.6 million units for N14.1 billion, while Food Concepts Plc has exchanged 146.5 million units valued at N127.1 million.
CSCS Plc topped the chart by value (year-to-date) with 675.6 million units exchanged for N14.1 billion, trailed by VFD Group Plc with 11.1 million units worth N3.3 billion, and FrieslandCampina WAMCO Nigeria Plc with 11.9 million units valued at N1.5 billion.
