NASD Expands as Shares of Niger Delta Exploration, CitiTrust Appreciate
NASD’s over-the-counter (OTC) market swells above N1 trillion last week due to positive interest in unlisted shares of Niger Delta Exploration, CitiTrust Holdings, and Central Securities and Clearing System (CSCS).
Due to improved sentiment in the OTC market, year-to-date return ended positively. Market data shows that NASD Security Index Year-to-date returns increased by 3.42% while total volume traded Year-to-Date printed higher at 3,184,203,769 units in 1,428 deals.
Meanwhile, the total Value traded spiked to ₦21,257,318,068.54, according to trading data. On Friday, NASD OTC Securities Exchange Index closed the week with a positive movement on the NSI.
The NSI return increased by 0.50% to close the week at 768.27 points against 764.41 in the previous week. Investors gain ₦0.01 Trillion, lifted the NASD OTC market capitalisation to close higher at ₦1.01 Trillion due to positive movement in prices.
The trading record shows that there was a 365.82% increase in the total value traded last week. Investors traded a total of ₦324,371,556.96 in value compared to ₦69,634,193.10 in the previous week.
Total trade activity for the year jumped to ₦21,257,318,068.54. However, the total volume traded during the week was 2,607,342 units compared to 6,064,094 units in the previous week.
This translates to a 57.00% decrease in trade volume compared to the prior week. The total volume traded for the year settled at 3,184,203,769 units.
VFD Group PLC ranking top among the five most traded securities by volume and Niger Delta Exploration & Production PLC was the fifth most traded stock by volume traded in the last week.
Also, the week closed with VFD Group PLC ranking top among the five most traded securities by value and CitiTrust Holdings PLC stood as the fifth most traded Security by value for the week.
Niger Delta Exploration & Production PLC, which currently holds a market capitalisation of ₦35.91 billion closed the week at ₦198.00 representing a 10.00 per cent increase from the previous close of ₦180.00.
CitiTrust Holdings PLC, which currently holds a market capitalisation of ₦6.85 billion closed the week at ₦6.85 representing a 9.60 per cent increase from the previous close of ₦6.25.
Central Securities Clearing System PLC, which currently holds a market capitalisation of ₦74.00 billion closed the week at ₦14.80 representing a 2.49 per cent increase from the previous close of ₦14.44.
NASD PLC, which currently holds a market capitalisation of ₦6.68 billion closed the week at ₦13.68 representing an 8.79 per cent decrease from the previous close of ₦15.00. READ: Cititrust to List N2 Billion Shares on Nigerian Exchange
NIPCO PLC, which currently holds a market capitalisation of ₦11.04 billion closed the week at ₦58.85 representing a 5.23 per cent decrease from the previous close of ₦62.10. # NASD Expands as Shares of Niger Delta Exploration, CitiTrust Appreciate
