NASD Securities Exchange Rises Investors Gain N8.72bn
NASD over-the-counter (OTC) Securities Exchange Index rose after a more bearish outing record in 2023 as investors in unlisted securities recorded a sum of N8.72 billion as a gain over five trading sessions.
Consequent to the market shift to hunting for value, the over-the-counter market where unlisted stocks are traded closed the week with a positive movement.
According to the report, the NASD Securities Index (NSI) return increased by 0.94% to close the week at 712.28 points against 705.64 seen in the comparable week.
Following the weekly gain, NASD OTC market capitalisation advanced to ₦935.93 billion from ₦927.21 billion on Friday, February 10 2023 due to positive movement in prices.
Brokers reported that there was a 175.74% increase in the total value traded across the five days trading session in the OTC market. Last week, investors transacted a total of ₦83,398,223.60 unlisted shares compared to ₦30,971,043.10 in the previous week.
The total volume traded during this week was 94,582,133 units compared to 5,059,179 units in the previous week, translating to a 1,769.52 % increase in trade volume among 238 registered brokers and 152 participating institutions.
VFD Group led the chart by a transaction value worth N1.272 billion. The company was followed by UBN Property with a total transaction value of N165 million, Friesland Campian WAMCO N21 million, Geo-Fluid Plc N12 million and CSCS N2 million.
UBN Property led by volume as the company’s transacted 191.73 million volume, Geo-Fluid 11 million, VFD group 5.65 million, Friesland Campina 320,000 and CSCS sold 120,000. # NASD Securities Exchange Rises Investors Gain N8.72bn
