FrieslandCampina Wamco Nigeria Plc helped the NASD Over-the-Counter (OTC) Securities Exchange regain stability after undergoing a series of losing streaks. On Wednesday, December 3, it marginally appreciated by 0.05 per cent.
The maker of the famous milk brands like Peak and Three Crowns gained 50 Kobo at midweek to settle at N55.50 per share versus the previous day’s N55.00 per share.
This raised the market capitalisation of the trading platform by N970 million to N2.142 billion from the N2.141 trillion it ended a day earlier, and the NASD Unlisted Security Index (NSI) soared by 1.63 points to 3,581.10 points from 3,579.47 points.
Trading data showed that the volume of securities bought and sold went down by 96.7 per cent to 61,570 units from the previous day’s 1.9 million units, the value of securities dipped by 147.9 per cent to N3.3 million from N10.4 million, and the number of deals decreased by 11.8 per cent to 15 deals from 17 deals.
Infrastructure Credit Guarantee Company (InfraCredit) Plc ended the day as the most traded stock by volume on a year-to-date basis with 5.8 billion units worth N16.4 billion, Industrial and General Insurance (IGI) Plc was in second position with 1.2 billion units sold for N420.2 million, and Impresit Bakolori Plc occupied the third position with 536.9 million units traded for N524.9 million.
Also, InfraCredit Plc remained the most traded stock by value on a year-to-date basis with 5.8 billion units valued at N16.4 billion, followed by Okitipupa Plc with 170.4 million units transacted for N8.0 billion, and Air Liquide Plc with 507.5 million units traded for N4.2 billion.