NASD Swells to N942 Billion as Market Sentiment Improves
The NASD over-the-counter securities exchange market size grew above N942 billion amidst renewed buying interest in shares of unlisted companies, trading data for the just concluded week shows.
Data from the five trading sessions show that NASD security index year-to-date returns increased by 1.06%, coming back from a downturn in the previous week.
Consequently, the total volume traded from the beginning of the year to date settled at 137,181,072 units in 378 deals while the total value traded printed at ₦ 397,171,522.10.
On Friday, the NASD securities index (NSI) return increased by 1.98% to close the week at 717.15 points against 703.23 reported in the previous week.
Overall, investors gained a total sum of ₦18.29 billion, pushing OTC market capitalization at ₦942.35 billion from ₦924.06 billion due to Positive movement in prices.
According to trading results, there was a 10.25% increase in the total value traded during the week. NASD investors transacted a total of ₦96,597,544.10 compared to ₦87,614,645.68 in the previous week.
Amidst the uptrend that resurfaced after the market closed negative in 2022, total trade activity for the New Year advance to ₦ 397,171,522.10 on Friday’s close.
Last week, a total 24,460,849 shares were traded in the OTC market compared to 62,595,823 units in the previous week. This represents a 60.92% decrease in trade volume. Meanwhile, the total volume traded for the year inched to 137,181,072 units, according to market data.
Geo-Fluids Plc ranked top among the five most traded securities by volume and VFD Group Plc was the fifth most traded stock by volume traded in the week.
Friesland Campina Wamco Nigeria Plc was top among the five most traded securities by value and UBN Property Company PLC was the fifth during the week. #NASD Swells to N942 Billion as Market Sentiment Improves