NASD OTC Expands N8bn as Friesland Campina, CSCS Gain
NASD Over-the-Counter (OTC) expand by about N8 billion in the just concluded week due to price appreciation in Friesland Campina Wamco, and Central Securities Clearing System (CSCS).
Consequent to the price appreciation, the market capitalisation of these unlisted companies stock closed at ₦636.29 billion from ₦628.31 Billion in the previous week.
According to the OTC trading data, there was a 295.25% increase in the total value traded during the week, as Investors trade a total of ₦200,012,982.9 in value compared to ₦50,604,149.5 in the previous week.
Total trade activity for the year is valued at ₦14,466,521,377.87 with total volume traded printing at 2,631,435 units compared to 1,937,586 units in the previous week.
This led to a 35.81% increase in trade volume week on week. Also, the total volume traded for the year printed at 664,455,429 units, according to market data.
This week, Friesland Campina Wamco Nigeria Plc ranked top among the five most traded securities by volume and Niger Delta Exploration & Production Plc as the fifth most traded stock by volume traded in the week.
Again, Friesland Campina Wamco Nigeria Plc ranked top among the five most traded securities by value and Niger Delta Exploration & Production Plc stood as the fifth most traded Security by value for the week.
Market data shows that Friesland Campina Wamco Nigeria Plc, which currently has a market valuation of ₦131.80 Billion closed the week at ₦135.00 representing a 14.41 per cent increase from the previous close of ₦118.00.
Niger Delta Exploration & Production Plc, which currently holds a market capitalisation of ₦42.63 billion closed the week at ₦235.00 representing a 0.02 per cent increase from the previous close of ₦234.95.
NASD Plc, which currently holds a market capitalisation of ₦3.74 billion closed the week at ₦8.43 representing a 23.08 per cent decrease from the previous close of ₦10.96.
Central Securities Clearing System Plc, which currently holds a market capitalisation of ₦91.00 Billion closed the week at ₦18.20 representing a 7.61 per cent decrease from the previous close of ₦19.70.
After a negative close in the previous week, the NASD OTC Securities Exchange switched to positive return year to date as the market recorded an increase in performance.
Similarly, the NASD Security Index year-to-date returns increased by 1.16% while total volume traded year-to-date printed at 664,455,429 units in 266 deals. Read: Friesland, CSCS Lead Decliners Chart as NASD Security Index Dips
The positive momentum in trading activities pushed value traded to ₦14,466,521,377.87 this week. While the NASD OTC Securities Exchange Index ended on a positive return, the NSI return increased by 1.27% to close the week at 751.43 points against 742.00 last week close.
