The duo of FrieslandCampina Wamco Nigeria and Central Securities Clearing Systems (CSCS) Plc weakened the NASD Over-the-Counter (OTC) Securities Exchange by 0.71 per cent on Monday, November 24.
They pulled down the market capitalisation of the alternative bourse by N15.45 billion at the close of business to N2.157 billion from N2.172 trillion, and tumbled the NASD Unlisted Security Index (NSI) by 25.83 points to 3,605.69 points from 3,631.52 points.
During the trading session, FrieslandCampina Wamco Nigeria lost N4.50 to close at N52.50 per share compared with last Friday’s N57.00 per share, and CSCS Plc dropped N1.52 to trade at N37.50 per unit compared with the preceding session’s N39.02 per unit.
The market lost yesterday despite closing with three price gainers led by Air Liquide Plc, which gained N1.09 to close at N11.98 per share versus N10.89 per share, Nipco Plc appreciated by 90 Kobo to end at N240.00 per unit versus N239.10 per unit, and Industrial and General Insurance (IGI) Plc increased by 4 Kobo to sell at 44 Kobo per share, in contrast to the 40 Kobo per share it finished at the last trading day.
Data showed that the volume of securities traded at the session slumped by 78.9 per cent to 197,376 units from 935,331 units, but the value rose by 199.9 per cent to N11.8 million from N3.9 million, and the number of deals jumped by 107.7 per cent to 27 deals from 13 deals.
When the OTC exchange closed for the day, Infrastructure Credit Guarantee Company (InfraCredit) Plc was the most traded stock by value on a year-to-date basis with 5.8 billion units worth N16.4 billion, followed by Okitipupa Plc with 170.4 million units traded for N8.0 billion, and Air Liquide Plc with 507.5 million units valued at N4.2 billion.
InfraCredit Plc also settled 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 to 1.2 billion units sold for N420.1 million, and Impresit Bakolori Plc with 536.9 million units worth N524.9 million.