The unlisted stock market closes with a drop of 1.20%

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Trading on the NASD Over-the-Counter (OTC) Exchange floor closed down 1.20% on Friday, December 9.

The unlisted stock market lost N11.350 million during the session to close at N933.350 million compared to Thursday’s closing value of N944.710 million.

In addition, investor profit-taking weighed on the NASD Unlisted Securities Index (NSI) as it declined 8.65 points to close the session at 710.30 compared with 718.95 on the previous day. the previous session.

The loss was caused by a drop in the share price of FrieslandCampina Wamco Nigeria Plc as it closed lower at N6.00 to trade at N66.50 per unit versus the previous day’s rate of N72.50 per unit. .

The dairy farmer removed the growth of 7 Kobo posted by Central Securities Clearing System (CSCS) Plc. The company’s share price closed at N13.50 per unit, in contrast to N13.43 per unit on Thursday.

Yesterday, the volume of shares traded on the stock exchange rose 15.2 percent to 148,058 units from 128,533 units, while the value of shares traded by investors plunged 14.9 percent to N3.2 million. from N3.8 million, with the number of deals down 18.2 per cent to nine deals out of 11 deals executed a day earlier.

At close of business, AG Mortgage Bank Plc remained the most traded stock by volume (year-to-date) with 2.3 billion units valued at Naira 1.2 billion, followed by CSCS Plc with 688.1 million units for a value of 14.3 billion naira and Lighthouse Financial Services Plc with 224.7 million units valued at N112.3 million.

Also, the most traded stock by value so far this year was CSCS Plc selling 688.1 million units worth N14.3 billion, VFD Group Plc came in second with 29.1 billion units valued at N7 700 million. while FrieslandCampina WAMCO Plc ranks third with a turnover of 17.7 million units valued at N1.9 billion.

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