FrieslandCampina, Two Others Lift Unlisted Securities Market by 0.78%

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Trade ended the final buying and selling session of the week on a optimistic word because it gained 0.78 per cent on Friday, July 28.

Information confirmed that the worth of the unlisted securities market grew by N8.34 billion to settle at N1.078 trillion from the N1.069 trillion it quoted on the earlier session, whereas the NASD Unlisted Securities Index (NSI) appreciated by 6.04 factors to finish the day at 778.96 factors as in opposition to 772.92 factors it recorded on the earlier session.

The bullishness got here as three securities –FrieslandCampina WAMCO Nigeria Plc, Central Securities Clearing System (CSCS) Plc, and Afriland Properties Plc lifted the market index and valuation.

FrieslandCampina Wamco Plc rose by N3.61 to shut at N77.61 per unit versus N74.00 per unit, CSCS Plc gained 24 Kobo to complete at N17.00 per share in comparison with yesterday’s N16.76 per share, and Afriland Properties Plc elevated by 7 Kobo to promote at N3.32 per unit versus the earlier session’s N3.25 per unit.

On the exercise chart, the quantity of securities traded within the remaining session of the week shrank by 99.5 per cent to 169,468 items to the 30.9 million items transacted by market individuals within the earlier session.

Equally, the worth of shares traded on the bourse decreased by 95.6 per cent to N7.6 million from the N173.6 million recorded a day earlier, because the variety of offers fell by 50 per cent to 14 offers from the previous session’s 28 offers.

CSCS Plc remained probably the most traded inventory by quantity (year-to-date) with 1.1 billion items bought for N21.2 billion, Geo-Fluids adopted with 625.9 items valued at N1.1 billion, whereas Industrial and Normal Insurance coverage (IGI) Plc was in third place with 608.3 million items price N48.1 million.

Equally, CSCS Plc was probably the most traded inventory by worth (year-to-date) for buying and selling 1.1 billion items price N21.2 billion, VFD Group trailed with 18.9 million items valued at N4.2 billion, whereas FrieslandCampico Wamco Nigeria Plc was in third place with 17.7 million items valued at N1.3 billion.

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