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FrieslandCampina, Two Others Lift NASD Exchange by 0.20%

FrieslandCampina

The NASD Over-the-Counter (OTC) Securities Exchange ended the last trading session of this week with a 0.20 per cent gain on Friday, July 4.

The alternative stock market was lifted by the gains recorded by the trio of FrieslandCampina Wamco Nigeria Plc, Geo-Fluids Plc, and Food Concepts Plc.

Data showed that the market capitalisation of the bourse rose by N3.91 billion yesterday to N1.990 trillion from N1.986 trillion, and the NASD Unlisted Security Index (NSI) increased by 6.64 points to settle at 3,398.64 points, in contrast to the 3,392.00 points it ended on Thursday.

FrieslandCampina Wamco Nigeria Plc chalked up 41 Kobo to close at N60.89 per unit versus the preceding day’s N60.48 per unit, Geo-Fluids Plc appreciated by 31 Kobo toN4.26 per share from N3.95 per share, and Food Concepts Plc grew by 8 Kobo to sell at N2.65 per unit compared with the previous day’s N2.57 per unit.

On the flip side, the price of NASD Plc was down by 72 Kobo on Friday to quote at N25.72 per share compared with the preceding day’s value of N25.00 per share.

During the session, there was a 48.7 per cent rise in the volume of transactions to 4632,624 units from the 425,567 units traded a day earlier, but the value of trades went down by 21.1 per cent to N18.1 million from N22.9 million, and the number of deals declined by 26.5 per cent to 25 deals from 34 deals.

Okitipupa Plc maintained its spot as the most traded stock by value on a year-to-date basis with 153.8 million units sold for N4.9 billion, followed by Air Liquide Plc with 507.2 million units worth N4.2 billion, and FrieslandCampina Wamco Nigeria Plc with 41.6 million units valued at N1.7 billion.

Also, Impresit Bakolori Plc remained the most active stock by volume on a year-to-date basis with 536.9 million units worth N524.8 million, trailed by Air Liquide Plc with 507.2 million units valued at N4.2 billion, and Geo-Fluids Plc with 268.5 million units sold for N475.9 million.