The duo of FrieslandCampina Wamco Nigeria Plc and Central Securities Clearing System (CSCS) Plc sank the NASD Over-the-Counter (OTC) Securities Exchange by 6.46 per cent on Wednesday, May 14.
The bellwethers shrank the market capitalisation of the platform by N127.15 billion to N1.840 trillion from N1.967 trillion and the NASD Unlisted Security Index (NSI) slid by 217.15 points to 3,142.64 points from the previous session’s 3,359.79 points.
FrieslandCampina Wamco Nigeria Plc, which produces Peak Milk, Three Crowns, Coast, and Nunu brands, lost N3.56 during the trading session to close at N37.74 per share compared with the previous closing value of N41.30 per share, and CSCS Plc went down by 22 Kobo to trade at N26.98 per unit versus Tuesday’s closing price of N27.20 per unit.
On the flip side, Geo Fluids Plc added 19 Kobo to close at N2.10 per share compared with the preceding day’s N1.91 per share, and Costain Plc grew by 5 Kobo to end at 60 Kobo per unit, in contrast to the previous day’s 55 Kobo per unit.
The volume of securities transacted in the midweek session slipped by 99.6 per cent to 1.7 million units from the 414.5 million units traded a day earlier, the value of transactions slumped by 94.2 per cent to N61.7 million from N1.05 billion, while the number of deals rose by a 144 per cent to 61 deals from the 25 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 536.9 million units worth N524.7 million, the second position was taken by Geo-Fluids Plc with 266.3 million units valued at N470.5 million, and the third spot was occupied by Okitipupa Plc with 153.6 million units sold for N4.9 billion.
The most traded stock by value on a year-to-date basis was Okitipupa Plc with 153.6 million units worth N4.9 billion, trailed by FrieslandCampina Wamco Nigeria Plc with 21.6 million units valued at N830.9 million, and Impresit Bakolori Plc with 536.9 million units sold for N524.7 million.