NASD OTC Ends Flat Over Slowdown in Trading Value
NASD Over-the-Counter (OTC) market ends the week flat over a slowdown in trading value of unlisted companies’ shares. Consequently, investors at the OTC market retained the previous week’s value while year to date performance stays negative.
Weak transaction value in the space left the OTC market capitalisation at ₦618.66 billion compared to last week’s close of ₦618.66 billion.
Data from NASD shows that there was a 74.80% decrease in the total value traded during the week, as investors trade a total of ₦45,266,941.51 in value compared to ₦179,632,990.9 in the previous week.
Meanwhile, total trade activities for the year in the OTC market has been valued at ₦14,730,847,417.08 as of Friday.
It was noted that total volume traded during the week was 33,928,953 units, compared to 17,771,664 units in the previous week. This translates to a 90.92% increase in trade volume as against last week’s trading volume.
NASD OTC Market data shows that the total volume traded for the year printed at 720,482,612 units as of Friday’s close.
The week closed with AG Mortgage Bank Plc ranking top among the five most traded securities by volume and Friesland Campina Wamco Nigeria Plc as the fifth most traded stock by volume traded in the week, according to NASD OTC market report.
AG Mortgage Bank Plc ranked top among the five most traded securities by volume and Friesland Campina Wamco Nigeria Plc as the fifth most traded stock by volume traded in the week.
Also, AG Mortgage Bank Plc ranked top among the five most traded securities by value and NASD Plc stood as the fifth most traded Security by value for the week. READ: NASD Investors Gain as VFD Group Completes Rights Issue
Central Securities Clearing System Plc, which currently holds a market capitalisation of ₦92.05 billion closed the week at ₦18.41 representing a 1.15 percent increase from the previous close of ₦18.20.
Friesland Campina Wamco Nigeria Plc, which currently holds a market capitalisation of ₦120.08 billion closed the week at ₦123.00 representing a 0.70 percent increase from the previous close of ₦122.15.
Top Decliners for the Year
AG Mortgage Bank Plc, which currently holds a market capitalisation of ₦4.03 billion closed the week at ₦0.58 representing a 10.35 percent decrease from the previous close of ₦0.52.
NASD Plc, which currently holds a market capitalisation of ₦3.69 billion closed the week at ₦8.31 representing a 7.77 percent decrease from the previous close of ₦9.01.
Niger Delta Exploration & Production Plc, which currently holds a market capitalisation of ₦36.28 billion closed the week at ₦200.00 representing a 2.96 percent decrease from the previous close of ₦206.10.
NASD OTC Securities Exchange Market closed on a Negative note year to date as the market recorded a decrease in performance. NASD Security Index Year-to-date returns decreased by 1.65%.
Total volume traded Year-to-Date stands at 720,482,612 units in 419 deals and the total Value traded is ₦14,730,847,417.08.
NASD OTC Securities Exchange Index closed the week with no movement on the NSI. The NSI return had a 0.00% change, to close the week at 730.61 points against 730.61 last week. #NASD OTC Ends Flat Over Slowdown in Trading Value
