NASD Rises on Higher Demand for Unlisted Companies Shares
Investors trading unlisted companies stocks on NASD Over-the-Counter (OTC) see gain at the just concluded week as market capitalisation inched higher on Friday close, driven by increased demand for Acorn, Central Securities Clearing System and others.
Trading data shows that following share price appreciation, investors gain ₦1.09 billion in value. Consequently, the NASD OTC Securities Exchange Index closed the week on a positive return on NSI.
The NSI return increased by 0.17% to close the week at 745.82 points against 744.54 on Friday, January 21, 2022. According to trading data, the NASD OTC market capitalization closed at ₦631.55 billion compared to ₦630.46 Billion previous week close, resulting from a positive movement in prices.
There was a 99.18% decrease in the total value traded during the week, as the week saw NASD Investors trade a total of ₦115,139,715.87 in value compared to ₦14,065,400,829.3 in the previous week.
Total trade activity for the year is valued at ₦14,215,904,245.47, according to the over-the-counter stocks trading record in the week.
Total volume traded during the week was 4,993,848 units compared to 653,778,522 units in the previous week leading to a 99.24% decrease in trade volume compared to the previous week. However, the total volume traded for the year printed at 659,886,408 units.
Due to positive sentiment, the week closed with NASD Plc ranking 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.
Also, NASD Plc ranked top among the five most traded securities by value and Friesland Campina Wamco Nigeria Plc stood as the fifth most traded Security by value for the week.
Central Securities Clearing System Plc, which currently holds a Market capitalisation of ₦100.00 billion closed the week at ₦20.00 representing a 3.20 per cent increase from the previous close of ₦19.38.
NASD Plc, which currently holds a market capitalization of ₦6.61 Billion closed the week at ₦14.90 representing a 20.32 per cent decrease from the previous close of ₦18.70.
The OTC trading report shows that Acorn Plc, which currently holds a market capitalisation of ₦280.00 million closed the week at ₦0.14 representing a 6.67 per cent decrease from the previous close of ₦0.15.
Friesland Campina Wamco Nigeria Plc, which currently holds a market capitalisation of ₦115.20 billion closed the week at ₦118.00 representing a 0.25 per cent decrease from the previous close of ₦118.30.
Niger Delta Exploration & Production Plc, which currently holds a market capitalisation of ₦42.62 billion closed the week at ₦234.95 representing a 0.02 per cent decrease from the previous close of ₦235.00.
Overall, the NASD OTC Securities Exchange market closed on a positive note year to date as the market recorded an increase in performance.NASD Security Index year-to-date returns increased by 0.40%.
Read: NASD Investors Gain as VFD Group Completes Rights Issue
Total volume traded year to date stands at 659,886,408 units in 156 deals and the total Value traded settled at ₦14,215,904,245.47. #NASD Rises on Higher Demand for Unlisted Companies Shares
