NASD Index Rises as Investors Gain N6.5bn
After a tough outing in 2022, NASD over-the-counter (OTC) securities exchange index market closed the first trading week in 2023 positive, popped up about N6.5 billion.
According to market data, the NASD index return actually increased by 0.70% as total volume traded in the New Year settled at 920,337 units in 78 deals.
Thus, total value of the entire volume transacted was valued at ₦116,292,280.74, according to trading data recorded on Friday. The OTC market return increased by 0.70% to close the week at 714.60 points against 709.66 on Friday, December 30, 2022.
Overall, the NASD Investors gain ₦6.47 billion, pushing market capitalization to ₦938.98 billion from ₦932.51 billion on Friday, December 30, 2022 due to positive movement in prices.
Market report indicates that there was a 32.52% decrease in the total value traded during the week. Trading data indicated that investors’ traded a total of ₦116,292,280.74 in value compared to ₦172,335,554.31 in the previous week.
Total trade activity for the year was valued at ₦116,292,280.74 on Friday. The total volume traded during week printed at 920,337 units, year closed record was 44,622,398 units. >>Nigerian Treasury Bills Yield Falls to 4%, Bonds Steady
This translated to a 97.94% decrease in trade volume week on week. However, the OTC securities exchange market saw solid large transactions as 920,337 volume of unlisted companies’ shares were traded.
VFD Group Plc ranking top among the five most traded securities by volume and Central Securities Clearing System Plc as the fifth most traded stock by volume traded in the week.
Also, VFD Group Plc top among the five most traded securities by value and 11 Plc as the fifth most traded security by value traded in the week. # NASD Index Rises as Investors Gain N6.5bn
