Unlisted securities index falls 0.04% while Friesland Falls

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NASD’s over-the-counter (OTC) stock market fell 0.04 percent on Thursday due to a price drop in FrieslandCampina WAMCO Nigeria Plc.

The company fell by 20 Kobo during the session to N67.00 per share from the previous day’s value of N67.20 per share and this lowered the NASD Unlisted Securities Index (NSI) by 0.29 points to 711, 66 points from 711.95 points and cut the market. stock market capitalization by N200 million to N935.12 billion from N935.32 billion it closed in the previous session.

In the market yesterday, there was a drop in the volume of securities traded by investors by 91.8 percent to 82,525 units from 1.0 million units traded in the previous session.

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

These transactions, according to exchange data, were made in 10 trades, 100 percent more than the five trades executed in the midweek session.

At close of business, AG Mortgage Plc remained the most traded stock by volume so far this year with 2.3 billion units valued at N1.2 billion, Central Securities Clearing System (CSCS) Plc ranked second with 687.8 million units worth N14.3 billion, while Lighthouse Financial Services Plc came in third with 224.7 million units valued at N112.3 million.

The most traded stock by value in the year to date was also CSCS Plc with turnover of 687.8 million units valued at N14.3 billion, VFD Group Plc came in second with 29.1 million units by value of N7.7 billion, while FrieslandCampina WAMCO Nigeria Plc came in third with 16.4 million units valued at Naira 1.8 billion.

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