NASD Sinks as Niger Delta Exploration, Friesland Campina Dip

NASD Sinks as Niger Delta Exploration, Friesland Campina Dip

NASD over-the-counter (OTC) sinks by N14.23 billion in the just concluded as shares of unlisted companies including Niger Delta Exploration & Production, Friesland Campina Plc fell.

Consequent to sell down seen in the market, NASD OTC Market capitalisation closed at ₦622.06 billion compared to ₦636.29 billion, resulting from a negative movement in prices.

There was an 80.29% decrease in the total value traded during the week, as NASD Investors trade a total of ₦39,426,106.8 in value compared to ₦200,012,982.9 in the previous week.

Total trade activity for the year is valued at ₦14,505,947,484.67, according to market data obtained by MarketForces Africa.

In the week, the total volume traded during the week was 4,326,566 units compared to 2,631,435 units in the previous week leading to a 64.42% increase in trade volume compared to the previous week.

The total volume traded for the year printed at 668,781,995 units.

The week closed with NASD Plc ranking top among the five most traded securities by volume and NIPCO Plc as the fifth most traded stock by volume traded in the week. Read: Friesland, CSCS Lead Decliners Chart as NASD Security Index Dips

The week closed with NASD Plc ranking 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.

NASD Plc, which currently holds a market capitalisation of ₦3.77 billion closed the week at ₦8.50 representing a 0.83 percent increase from the previous close of ₦8.43.

Friesland Campina Wamco Nigeria Plc, which currently holds a Market Capitalization of ₦118.62 billion closed the week at ₦121.50 representing a 10.00 percent decrease from the previous close of ₦135.00.

Niger Delta Exploration & Production Plc, which currently holds a market capitalisation of ₦41.54 billion closed the week at ₦229.00 representing a 2.55 percent decrease from the previous close of ₦235.00.

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 1.11%.

Total volume traded year-to-date stands at 668,781,995 units in 311 deals and the total value traded is ₦14,505,947,484.67.

NASD OTC Securities Exchange Index closed the week on a negative return on NSI. The NSI return decreased by 2.24% to close the week at 734.62 points against 751.43 from the previous week. #NASD Sinks as Niger Delta Exploration, Friesland Campina Dip

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