NASD OTC Market Cap Falls as Investors Lose N3.4 bln
The NASD over-the-counter (OTC) market capitalisation fell strongly this week as investors lose N3.4 billion in five trading sessions. Thus, unlisted stock valuation printed at ₦618.66 billion compared to ₦622.06 billion brought forward into the week, resulting from a negative movement in prices.
According to data, there was a 355.62% increase in the total value traded in five trading sessions as NASD Investors trade a total of ₦179,632,990.9 compared to ₦39,426,106.8 in the previous week. Meanwhile, total trade activity for the year is valued at ₦14,685,580,475.57.
Total volume traded on the NASD OTC by market participants in the just concluded week printed at 17,771,664 units compared to 4,326,566 units in the previous week, trading results for the week show.
This translates to a 310.76% increase in trade volume compared with the prior week’s record, thus lifting the total volume traded for the year to 686,553,659 units, data obtained from the OTC market shows.
This week, NASD 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.
By value, NASD Plc ranked top among the five most traded securities by value and Food Concepts Plc stood as the fifth most traded Security by value for the week.
Top Advancers for the Year
NASD Plc, which currently holds a market capitalisation of ₦4.00 billion closed the week at ₦9.01 representing a 6.00 per cent increase from the previous close of ₦8.50.
Friesland Campina Wamco Nigeria Plc, which currently holds a market capitalisation of ₦119.25 billion closed the week at ₦122.15 representing a 0.54 per cent increase from the previous close of ₦121.50.
Top Decliners for the Year
Air Liquide Plc, which currently holds a market capitalisation of ₦891.00 million closed the week at ₦4.95 representing a 10.00 per cent decrease from the previous close of ₦5.50.
Niger Delta Exploration & Production Plc, which currently holds a market capitalisation of ₦37.38 billion closed the week at ₦206.10 representing a 10.00 per cent decrease from the previous close of ₦229.00.
Year-to-Date Overview
Year to date result shows that NASD OTC Securities Exchange Market closed on a negative note as the market recorded a decrease in performance. Read: NASD OTC Gains as Friesland, Niger Delta Exploration Rally
NASD Security Index year-to-date returns decreased by 1.65%, according to market data for the week. Meanwhile, the total volume traded year-to-date printed at 686,553,659 units in 381 deals.
Thus, the total value of these units traded from the beginning of the year to date inched upward to ₦14,685,580,475.57. Overall, NASD OTC Securities Exchange Index closed the week with a negative return on NSI.
The NSI return decreased by 0.55% to close the week at 730.61 points from 734.62 in the prior week. #NASD OTC Market Cap Falls as Investors Lose N3.4 bln
