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Friesland Lifts NASD OTC Bourse by 0.06%

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By Adedapo Adesanya

The NASD Over-the-Counter (OTC) opened the new week in the positive zone with a 0.06 per cent lift on the back of the bullish price movement in FrieslandCampina WAMCO Plc on Monday, July 5.

The milk producer closed the session at N119.24 per unit after it gained 34 kobo or 0.3 per cent. At the preceding session, it ended at N118.90 per unit.

The appreciation in the stock price of this security expanded the total value of stocks on the exchange by N310 million to N536.09 billion from N535.78 billion.

It also boosted the NASD Unlisted Security Index (NSI) by 0.44 points to wrap the session at 754.20 points compared with 753.76 points recorded at the previous session.

However, the unlisted securities market recorded a price decliner and this was the Nigerian Exchange (NGX) Group Plc, which lost 1.4 per cent or 25 kobo to settle at N17.74 per share in contrast to N17.99 per share it finished at the prior trading day.

During the session, the volume of securities traded at the bourse by investors decreased by 99.85 per cent to 1.5 million units from 1.0 billion units.

Also, the value of shares traded by market participants slumped by 94.6 per cent to N38.5 million from N706.3 million, while the number of deals was flat at 18.

At the close of business, Geo Fluids Plc was the most active stock by volume (year-to-date) with 1.0 billion units worth N700.1 million. NGX Group remained on the second spot with 302.7 million units valued at N6.7 billion, while Swap Technologies and Telecomms Plc maintained third place with 46.6 million units worth N41.0 million.

But NGX Group remained as the most active stock by value (year-to-date) for trading 302.7 million units of its securities worth N6.7 billion. Niger Delta Exploration and Production (NDEP) Plc remained in the second spot with 3.1 million units of its securities valued at N952.3 million, while Friesland was in third for transacting 6.2 million units valued at N782.3 million.

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