Unlisted Securities Bourse Weakens 0.68% at Midweek

The loss was influenced by the decline in the share price of FrieslandCampina Wamco Nigeria Plc by N4.00 to close the day at N40.00 per unit, in contrast to the preceding day’s N44.00 per unit.

Consequently, the NASD Unlisted Security Index (NSI) went down by 20.50 points to settle at 3,003.30 points compared with the previous session’s 3,023.80 points and the market capitalisation of the bourse decreased by N7.03 billion to close at N1.029 trillion versus Tuesday’s closing value of  N1.036 trillion.

Business Post reports that during the midweek trading day, the alternative stock exchange recorded a price gainer and it was Nipco Plc, which improved its value by N4.20 to settle at N136.46 per share compared with the previous day’s N132.30 per share.

Yesterday, the volume of securities traded at the bourse depreciated by 88.9 per cent to 59,624 units from 540,503 units, and the value of shares traded by the market participants shrank by 84.4 per cent to N4.6 million from the N29.4 million achieved a day earlier, while the number of deals increased by 66.7 per cent to 25 deals from 15 deals.

Geo-Fluids Plc remained the most active stock by volume on a year-to-date basis with a turnover of 1.7 billion units valued at N3.9 billion, as the second spot was picked by Okitipupa Plc with the sale of 752.2 million units for N7.8 billion, and the third position occupied by Afriland Properties Plc with 297.7 million units worth N5.3 million.

Also, Aradel Holdings Plc remained the most active stock by value on a year-to-date basis with 108.7 million units worth N89.2 billion, followed by Okitipupa Plc with a turnover of 752.2 million units valued at N7.8 billion, and Afriland Properties Plc with 297.7 million units sold for N5.3 billion.