NASD Investors Lose N20bn as CSCS, Friesland Top Decliners Chart
NASD Over-the-counter market for unlisted companies stock fell in the just concluded week as Central Securities Clearing System (CSCS), Friesland Campina and Niger Delta Exploration top decliners chart.
Due to weak market sentiment, the NASD Investors lose ₦20.29 billion value. NASD OTC market capitalisation closed at ₦601.38 billion compared to ₦621.67 billion brought forward from the previous.
Weak market performance driven by negative movement in prices of unlisted companies stock with large valuation keeps the NASD over-the-market temperature lower.
In the week, there was a 51.63% decrease in the total value as NASD Investors traded a total of ₦68,768,365.62 in value compared to ₦158,557,651.55 in the previous week.
According to market data, total trade activities for the year is valued at ₦14,958,173,434.25 amidst sell down in the Nigerian Exchange – NGX. READ: NASD Sinks as Niger Delta Exploration, Friesland Campina Dip
Total volume traded during the week printed at 7,148,454.00 units compared to 10,663,905 units in the previous week leading to a 32.97% decrease in trade volume compared to last week’s record.
The total volume traded for the year is 738,294,971 units, according to trading data from the NASD platform.
AG Mortgage Bank Plc ranking top among the five most traded securities by volume and NIPCO Plc as the fifth most traded stock by volume traded in the week.
Central Securities Clearing System Plc ranking top among the five most traded securities by value and NASD Plc stood as the fifth most traded Security by value for the week.
NASD Plc, which currently holds a market capitalisation of ₦5.08 billion closed the week at ₦11.45 representing a 9.57 per cent increase from the previous close of ₦10.45.
UBN Property Plc, which currently holds a market capitalisation of ₦7.08 billion closed the week at ₦1.26 representing a 9.57 per cent increase from the previous close of ₦1.15.
Top Decliners for the Year
Central Securities Clearing System Plc, which currently holds a market capitalisation of ₦85.00 billion closed the week at ₦17.00 representing a 7.61 per cent decrease from the previous close of ₦18.40.
Friesland Campina Wamco Nigeria Plc, which currently holds a market capitalisation of ₦111.39 billion closed the week at ₦114.10 representing 8.84 percent decrease from the previous close of ₦125.16
Niger Delta Exploration & Production Plc, which currently holds a Market Capitalization of ₦32.72 Billion closed the week at ₦180.38 representing a 9.81 per cent decrease from the previous close of ₦200.00
Year-to-Date Overview
NASD OTC Securities Exchange Market closed on a negative note year to date as the market recorded a decrease in performance, trading data shows. NASD Security Index year-to-date returns decreased by 4.55%.
Total volume traded Year-to-Date stands at 738,294,971 units in 500 deals and the total Value traded is ₦14,958,173,434.25.
In the week, NASD OTC Securities Exchange Index closed on negative movement on the NSI. The NSI return decreased by 3.26% to close the week at 710.19 points against 734.16 on Friday, March 11, 2022. #NASD Investors Lose N20bn as CSCS, Friesland Top Decliners Chart
