UBN Property, Friesland Crash Unlisted stock market down 0.99%

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The unlisted stock market plunged 0.99 percent on Tuesday after the share prices of UBN Property Plc and FrieslandCampina WAMCO Nigeria Plc closed lower.

trade publication reports that the sell-off witnessed yesterday on the NASD Over-the-Counter (OTC) Exchange weakened its value by N9.39 billion to N935.79 billion from the N945.18 billion it closed in the previous session.

Additionally, the session ended with the NASD Unlisted Stock Index (NSI) declining 7.15 points to close at 712.16 compared to 719.31 in the previous session.

During the trading day, FrieslandCampina Wamco Nigeria Plc lost N4.75 to close at N67.75 per share, compared to Monday’s value of N72.50 per share, while UBN Property Plc fell by 2 Kobo to sell at 89 Kobo per unit compared to 91 Kobo per unit the day before.

The activity chart was mixed yesterday as the volume of shares traded on the stock exchange improved by 2,556 percent after investors bought and sold 1.03 million units of shares compared with 38,620 units registered a day before.

In the same vein, the value of shares traded yesterday rose 1,092.2% to N31.0 million from N2.6 million the day before, while the number of trades depreciated 16.7% to 10 trades. the 12 trades executed on Monday. .

At close of business, AG Mortgage Bank Plc was the most traded stock by volume (to date) with the sale of 2.3 billion units valued at N1.2 billion, Central Securities Clearing System (CSCS) Plc was second. 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 (to date) remained CSCS Plc with turnover of 687.8 million units traded for N14.3 billion, followed by VFD Group Plc with 29.1 billion units worth N7.7 billion and Friesland Campina WAMCO Plc. with 17.2 million units valued at N1.9 billion.

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