CSCS, FrieslandCampina Weaken NASD Exchange by 0.79%

The loss happened despite the share price of First Trust Microfinance Bank Plc going up by 4 Kobo to close the day at 62 Kobo per unit compared with Monday’s closing price of 58 Kobo per unit.

During the trading session, CSSC Plc lost N2.51 to settle at N22.70 per share compared with the previous day’s N25.21 per share, and FrieslandCampina Wamco Nigeria Plc went down by N1.43 to sell at N36.59 per unit, in contrast to the previous day’s N38.02 per unit.

As a result, the market capitalisation of the trading platform depleted by N15.15 billion to close at N1.894 trillion versus N1.909 trillion and the NASD Unlisted Security Index (NSI) decreased by 26.24 points to 3,280.63 points from Monday’s 3,306 87 points.

Trading data showed a decrease of 53.8 per cent in the volume of securities transacted to 259,092 units from the 560,253 units traded in the previous trading day, the value of securities bought and sold by the market participants contracted by 36.9 per cent to N10.5 million from N16.7 million, and the number of deals fell by 5.6 per cent to 17 deals from the 18 deals recorded a day earlier.

At the close of transactions, Impresit Bakolori Plc remained the most active stock by volume on a year-to-date basis with 533.9 million units valued at N520.9 million, followed by Industrial and General Insurance (IGI) Plc with 71.2 million units sold for N24.2 million, and Geo Fluids Plc with 44.4 million units worth N89.8 million.

Also, FrieslandCampina Wamco Nigeria Plc remained as most traded stock by value on a year-to-date basis with the sale of 14.4 million units worth N557.6 million, trailed by Impresit Bakolori Plc with 533.9.million units worth N520.9 million, and Afriland Properties Plc with 17.8 million units sold for N364.2 million.