NASD Investors Gain as VFD Group Completes Rights Issue
Unlisted companies’ securities traded over NASD Over-the-counter (OTC) market capitalisation edges higher following successful completion of rights issue by VFD Group.
Consequently, investors’ fortune expanded by N10.94 billion in value as total volume traded for the year hits 12,849,968,830 units in the just concluded week.
According to a market report, the NASD OTC Securities Exchange index closed on a negative return on NSI. The NSI return decreased by 0.69% to close the week at 734.82 points against 739.9 on Friday, December 17, 2021.
NASD OTC market capitalization closed at N622.23 Billion compared to N611.29 Billion on Friday, December 17, 2021, resulting from a VFD Group rights issue offer.
Recall, the VFD issued 7,452,054 units of shares, increasing its total issued shares to 126,684,910 and market capitalization to 45.83 billion.
There was a 1450.70% increase in the total value traded during the week, as NASD investors’ trade a total of N650,922,103.43 in value compared to N41,975,971 in the previous week.
Data from the market shows that total trade activity for the year is valued at N30,906,032,723.09.
Meanwhile, the total volume transacted during the week printed at 26,460,160 units compared to 1,024,009 units in the previous week. This translated to a 2483.98% increase in trade volume compared to the previous week.
Based on market data, the week closed with NASD PLC ranking top among the five most traded securities by volume and Air Liquide PLC as the fifth most traded stock by volume traded.
Also, NASD PLC ranked top among the five most traded securities by value and UBN Property PLC stood as the fifth most traded Security by value for the week.
UBN Property PLC, which currently holds a market capitalization of N5.90 billion closed the week at N1.05 representing a 6.06 per cent increase from the previous close of N0.99.
NASD PLC, which currently holds a market capitalization of N8.30 Billion closed the week at N18.70 representing a 30.74 per cent decrease from the previous close of N27.00.
Mass Telecom Innovation PLC, which currently holds a market capitalization of N2.20 Billion closed the week at N0.45 representing a 10.00 per cent decrease from the previous close of N0.50.
Air Liquide PLC, which currently holds a market capitalization of N990.00 million closed the week at N5.50 representing a 8.33 per cent decrease from the previous close of N6.00.
Friesland Campina Wamco Nigeria PLC, which currently holds a market capitalization of N115.62 billion closed the week at N118.43 representing a 0.48 per cent decrease from the previous close of N119.00.
On a year on year basis, the NASD OTC Securities Exchange Market closed on a negative note. Year to date, the market recorded a decrease in performance with NASD Security Index returns decreased by 0.92%.
Data from the market shows that the total volume traded from the beginning of the year to date stands at 12,849,968,830 units in 4959 deals while the total value traded is N30,906,032,723.09.
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