Food Concept, Mixta Real Estate Valuations Track Lower on NASD OTC
Food Concept and Mixta Real Estate Plc tracked lower on the National Association of Securities Dealers (NASD) Over-the-Counter (OTC) securities exchange weekend despite a positive close.
However, market data shows that the NASD OTC Securities Exchange market closed on a positive note year to date as the market recorded an increase in performance.
Food Concept and Mixta Real Estate price per unit dropped off to close at ₦0.81 and ₦1.76 to topping the decliners’ charts.
Data shows that NASD Security Index (NSI) year to date returns increased by 0.51%, data shows. This week, the NSI return increased by 0.07% to close at 745.44 points against 744.9 on Friday, November 26, 2021.
According to a market report, the NASD Investors gain ₦0.44 billion in value while market capitalisation advanced moderately to close at ₦615.86 billion compared to ₦615.42 Billion on Friday, November 26, 2021, resulting from a positive prices movement.
Meanwhile, total volume traded year-to-date stands at 12,815,913,321 units in 4854 deals while total value traded is ₦30,057,366,498.71.
There was a 141.22% increase in the total value traded during the week, NASD Investors trade a total of ₦84,051,034.66 in value compared to ₦34,844,811.62 in the previous week.
Total trade activity for the year is valued at ₦30,057,366,498.71, according to the NASD market report shared with investors today.
Total volume traded during the week was 23,358,261 units compared to 2,343,889 units in the previous week leading to a whopping 896.56% increase in trade volume. Comparably, year to date, investors on the platform have traded is 12,815,913,321 units.
Top Traded Securities by Volume
Food Concepts PLC ranked top among the five most traded securities by volume this week while Friesland Campina Wamco Nigeria PLC is the fifth most traded.
In terms of the value of transactions, the NASD PLC ranked top among the five most traded securities by value and Mixta Real Estate PLC stood as the fifth most traded Security by value for the week.
Advancers for the Week
UBN Properties PLC, which currently holds a Market capitalisation of ₦5.57 billion closed the week at ₦0.99 representing a 10.00 per cent increase from the previous close of ₦0.90.
NASD PLC, which currently holds a market capitalisation of ₦11.98 billion closed the week at ₦26.99 representing a 7.02 per cent increase from the previous close of ₦25.22.
Friesland Campina Wamco Nigeria PLC, which currently holds a market capitalisation of ₦118.13 billion closed the week at ₦121.00 representing a 1.32 per cent increase from the previous close of ₦119.42.
Decliners for the Week
Food Concepts PLC, a company with market capitalisation valued at ₦4.73 billion closed the week at ₦0.81 representing a 10.00 per cent decrease from the previous close of ₦0.90.
Also, Mixta Real Estate PLC, a company with a market capitalisation of ₦17.29 billion see a price decline, closed the week at ₦1.76, representing a 9.74 per cent decrease from the previous close of ₦1.95.
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