The duo of FrieslandCampina Wamco Nigeria Plc and Food Concepts Plc weakened the NASD Over-the-Counter (OTC) Securities Exchange by 0.57 per cent on Thursday, November 13.
FrieslandCampina Wamco Plc dropped N5.95 to N54.00 per share from N59.95 per share and Food Concepts lost 3 Kobo to end at N3.50 per unit compared with the previous day’s N3.53 per unit.
In the ensuing melee, the market capitalisation lost N12.42 billion in value to close at N2.180 trillion compared with the N2.193 trillion it finished a day earlier, and the NASD Unlisted Security Index (NSI) went down by 20.75 points to 3,644.61 points from 3,665.36 points.
Yesterday, the volume of securities traded by investors plunged by 99.5 per cent to 119,329 units from the previous day’s 22.1 million units, the value of securities slumped by 99.9 per cent to N1.9 million from N1.3 billion, and the number of deals depreciated by 26.3 per cent to 14 deals from 19 deals.
At the close of transactions, 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 170.3 million units transacted for N8.0 billion, and Air Liquide Plc with 507.4 million units worth N4.2 billion.
InfraCredit Plc was also the most traded stock by volume on a year-to-date basis with 5.8 billion units traded for N16.4 billion, trailed by Industrial and General Insurance (IGI) Plc with 1.2 billion units sold for N419.7 million, and Impresit Bakolori Plc with the sale of 536.9 million units for N524.9 million.