NASD OTC Securities Exchange Sees N16bn Gain
Year to date return is still in red though, however, the NASD over-the-counter (OTC) securities exchange gained more than N16 billion gains recorded by positive transactions on unlisted companies’ shares.
In the just concluded week, the NASD OTC Index closed on a positive movement as the market return increased by 1.69% to 735.79 points against 723.56 in the previous week.
Trading data showed that NASD Investors gain exactly ₦16.09 billion, which lifted market capitalization to ₦968.60 billion from ₦952.51 Billion reported in the previous week closed due to positive movement in prices.
Traders stated that there was a 65.08% decrease in the total value traded in the week. In total, Investors trade a total of ₦52,819,820.80, much lower when compared to ₦151,258,398.80 in the previous week.
Thus, total trade activity for the year printed at ₦ 26,730,490,441.29 while the total volume traded was 571,164 units compared to 25,339,231 units in the previous week.
This translates to a 97.75% decrease in trade volume week on week. However, on a cumulative basis, the total volume traded for the year advanced to 3,481,730,879 units.
Niger Delta Exploration & Production Plc ranked top among the five most traded securities by volume and 11Plc as the fifth most traded stock by volume traded in the week.
Also, Niger Delta Exploration & Production Plc ranked top among the five most traded securities by value and Central Securities Clearing System Plc stood as the fifth most traded Security by value for the week.
Central Securities Clearing System Plc, which currently holds a market capitalization of ₦70.85 billion closed the week at ₦14.17 representing a 13.09 percent increase from the previous close of ₦12.53
NASD Plc, which currently holds a market capitalization of ₦6.84 billion closed the week at ₦14.00 representing a 7.69 percent increase from the previous close of ₦13.00. READ: Market Cap of NASD OTC Falls to N1 Trillion
Friesland Campina Wamco Nigeria Plc, which currently holds a market capitalization of ₦67.15 billion closed the week at ₦78.00 representing a 6.69 percent increase from the previous close of ₦73.00.
Niger Delta Exploration & Production Plc, which currently holds a market capitalization of ₦33.74 billion closed the week at ₦186.00 representing a 6.53 percent decrease from the previous close of ₦199.00.
Based on trading data from the beginning of the year to date, NASD OTC Securities Exchange Market traded on a negative note. The market recorded a decrease in performance, and investors’ networth has reduced.
According to traders’, NASD Security Index Year-to-date returns decreased by 0.95%. Total volume traded year-to-date settled at 3,481,730,879 units in 2,169 deals and the total value traded was ₦26,730,490,441.29. # NASD OTC Securities Exchange Sees N16bn Gain
