Unlisted Securities Index Drops 0.04% as Friesland Fall

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange slipped by 0.04 per cent on Thursday on the back of a price drop in FrieslandCampina WAMCO Nigeria Plc.

The company depreciated by 20 Kobo during the session to N67.00 per share from the preceding day’s value of N67.20 per share and this shortened the NASD Unlisted Securities Index (NSI) by 0.29 points to 711.66 points from 711.95 points and trimmed the market capitalisation of the bourse by N200 million to N935.12 billion from the N935.32 billion it closed in the preceding session.

At the market yesterday, there was a fall in the volume of securities traded by investors by 91.8 per cent to 82,525 units from the 1.0 million units traded in the preceding session.

However, there was a jump in the value of shares traded yesterday by 224.5 per cent to N5.5 million from the N1.7 million recorded a day earlier.

These transactions, according to data from the exchange, were carried out in 10 deals, 100 per cent higher than the five deals executed in the midweek session.

At the close of business, AG Mortgage Plc remained the most traded stock by volume on a year-to-date basis with 2.3 billion units valued at N1.2 billion, Central Securities Clearing System (CSCS) Plc was in second place with 687.8 million units worth N14.3 billion, while Lighthouse Financial Services Plc was in third place with 224.7 million units valued at N112.3 million.

The most traded stock by value on a year-to-date basis was also CSCS Plc 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 was in third place with 16.4 million units valued at N1.8 billion.