FrieslandCampina Wamco Nigeria Plc was the catalyst once more on Friday, moving the NASD Over-the-Counter Securities Exchange into the bearish territory by 0.94 percent and keeping the market there for an additional trading day.
In comparison to the previous trading day’s value of N76.00 per unit, the company’s stock price decreased by N5.19 during the trading session to close at N70.81 per unit.
As a result, the market capitalization of the NASD exchange decreased by N10.13 billion to close at N1.064 trillion, down from N1.074 trillion on Thursday, as the NASD Unlisted Securities Index declined by 7.32 points to close at 769.33 points, down from 776.65 points the day before.
Investors traded a total of 101,382 units of securities at the end of the final trading day of the week, down from the 479,393 units traded during the previous session, a decline of 78.9%.
Additionally, the number of shares traded by market participants decreased by 77.1%, from N35.1 million to N8.0 million, and the overall volume of deals decreased by 46.7%, from 15 deals quoted the day before to eight deals.
The market for unlisted securities didn’t see a price increase yesterday.
Geo-Fluids has traded 625.8 units worth N1.1 billion to maintain its position as the second most actively traded stock, Central Securities Clearing System Plc has traded 1.1 billion units worth N21.2 billion to maintain its position as the third most actively traded stock, and Industrial and General Insurance Plc has maintained its position as the third most actively traded stock with 608.3 million units worth N48.1 million.
As of the end of the session, CSCS Plc had sold 1.1 billion units worth N21.2 billion, VFD Group was in second place with 18.9 million units sold for N4.2 billion, and Geo-Fluids Plc was in third with 625.8 million units sold for N1.1 billion.