NASD Flattish Over Weak Demand for Unlisted Companies Shares
The NASD over-the-counter (OTC) exchange closed on a flattish note, according to trading data, settling at N1 trillion on Friday, as transaction value of unlisted companies’ shares declined.
With the cold outing, NASD OTC Securities Exchange Index (NSI) closed the week with a positive movement. Market data indicates that the NSI return increased by 0.16% to close the week at 762.12 points against 760.92 on Friday against the previous week’s close.
It was a no gain, no loss for market participants amidst a decline in capital imports reported in the second quarter of the year. As a result, NASD market capitalisation settled at ₦1 trillion. Trading data shows a 19.17% decrease in the total value traded last week as investors traded value hit ₦144,330,509.90 compared to ₦ 178,564,318.40 in the previous week.
Total trade activity for the year printed at ₦ 26,001,257,629.02 on Friday amidst a relatively cold outing as the market weighs the effect of capital imports decline in the second quarter of 2022 and FX pressures in the currency market.
Data from the over-the-counter exchange indicates that 9,642,289 units were traded last week compared to 1,436,385 units in the previous week. This translates to a 571.29% increase in trade volume week on week while the total volume traded for the year inched to 3,255,875,817 units.
CitiTrust Holdings 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 week. Also, the company ranked top among the five most traded securities by value. Friesland Campina Wamco Nigeria PLC stood as the fifth most traded Security by weight for the week.
Niger Delta Exploration & Production PLC, which currently holds a market capitalisation of ₦52.60 billion closed the week at ₦209.00 representing a 9.71 percent increase from the previous close of ₦190.50. READ: NASD Tumbles over Selloffs in Unlisted Companies Shares
At a market capitalisation of ₦1.64 billion, Afriland Properties PLC closed the week at ₦1.20 representing a 9.09 percent increase from the previous close of ₦1.10.
Central Securities Clearing System PLC, which currently holds a market capitalisation of ₦72.00 billion closed the week at ₦14.40 representing a 2.86 percent increase from the previous close of ₦14.00.
At a market capitalisation of ₦13.10 billion, CitiTrust Holdings PLC, closed the week at ₦13.10 representing a 2.02 percent increase from the previous close of ₦12.84.
Year to date, the NASD OTC securities exchange market closed on a positive note as the market recorded an increase in performance. Data shows that NASD security index year-to-date returns settled at 2.59%.
Meanwhile, the total volume traded from the beginning of the year to date now stands at 3,265,518,106 units in 1,976 deals and the total value traded closed Friday at ₦ 26,001,257,629.02. # NASD Flattish Over Weak Demand for Unlisted Companies Shares
