NASD Investors See N2.69 Bln Gain as CSCS Rallies
NASD over-the-counter (OTC) Securities Exchange index closed the week positive as investors record substantial gain first trading week in the new year.
Data from the market shows that the NSI return increased by 0.43% to close the week at 746.03 points against 742.85 on Friday, December 31, 2021. Over the four trading sessions, Investors gain ₦2.69 billion in value due to buying interest in the unlisted companies stocks.
Trading data shows that NASD OTC market capitalisation closed at ₦631.72 billion compared to ₦629.03 billion on Friday, December 31, 2021, resulting from a positive movement in prices.
There was a 99.88% decrease in the total value traded during the week, as Investors trade a total of ₦2,401,006 in value compared to ₦1,939,435,369.13 in the previous week.
Market data shows that total trade activity for the year is valued at ₦2,401,006. On the volume variable, market data shows that the total volume traded during the week was 56,947 units compared to 99,565,221 units in the previous week.
The trading pattern led to a 99.94% decrease in trade volume compared to week 52. The total volume traded for the year is 56,947 units.
Top Traded Securities by Volume
in the first week in the new year, Central Securities Clearing System Plc ranks top among the three most traded securities by volume and NIPCO Plc as the third most traded stock by volume traded.
Top Traded Securities by Values
Meanwhile, the week closed with Friesland Campina Wamco Nigeria Plc ranking top among the three most traded securities by value and NIPCO Plc stood as the third most traded Security by value for the week.
Top Advancers for the Year
Central Securities Clearing System PLC, which currently holds a market capitalisation of ₦95.25 billion closed the week at ₦19.05 representing a 4.38 per cent increase from the previous close of ₦18.25.
NIPCO PLC, which currently holds a market capitalisation of ₦11.82 Billion closed the week at ₦63 representing a 10.00 per cent decrease from the previous close of ₦70.
NASD OTC Securities Exchange Market closed on a Negative note year to date as the market recorded a decrease in performance. NASD Security Index Year-to-date returns decreased by 0.17%. Total volume traded Year-to-Date stands at 56,947 units in 15 deals and the total Value traded is ₦2,401,006.00.
#NASD Investors See N2.69 Bln Gain as CSCS Rallies… Read Also: NASD Investors Gain as VFD Group Completes Rights Issue
