Food Concepts Plc, the parent company of Chicken Republic and PieXpress, weakened the NASD Over-the-Counter (OTC) Securities Exchange by 0.34 per cent on Tuesday, December 2.
The food company witnessed a 39 Kobo loss at the unlisted securities market yesterday to sell at N3.49 per share versus the N3.88 per share it ended a day earlier.
As a result, the market capitalisation slid by N7.40 billion to N2.141 billion from the N2.149 trillion it finished in the preceding day, and the NASD Unlisted Security Index (NSI) went down by 12.37 points to 3,579.47 points from 3,591.84 points.
The market was down during the trading day despite the presence of two price gainers led by FrieslandCampina Wamco Nigeria Plc, which added N1.21 to its value to close at N55.00 per unit compared with its previous day’s price of N53.79 per unit. Industrial and General Insurance (IGI) Plc improved its value by 4 Kobo to 53 Kobo per share from 49 Kobo per share.
The volume of securities traded at the session slumped by 57.2 per cent to 1.9 million units from the previous 4.3 million units, but the value of transactions jumped by 147.9 per cent to N10.4 million from N4.2 million, and the number of deals increased by 30.8 per cent to 17 deals from 13 deals.
At the close of trades, Infrastructure Credit Guarantee Company (InfraCredit) Plc remained the most traded stock by value with a year-to-date sale of 5.8 billion units valued at N16.4 billion, followed by Okitipupa Plc with 170.4 million units sold for N8.0 billion, and Air Liquide Plc with 507.5 million units traded for N4.2 billion.
InfraCredit Plc also ended the trading session as the most traded stock by volume on a year-to-date basis with 5.8 billion units transacted for N16.4 billion, followed by IGI Plc with 1.2 billion units valued at N420.2 million, and Impresit Bakolori Plc with 536.9 million units worth N524.9 million.