NASD Up N12.15bn over Gain in Friesland, Niger Delta Exploration
The NASD over-the-counter (OTC) market jumped up by N12.15 billion last week on gains in Friesland Campina, Niger Delta Exploration and Production.
The gain recorded in the three days trading sessions lifted the over the counter market capitalisation to ₦923.88 billion compared to ₦911.73 billion in the previous week.
Overall, NASD OTC Securities Exchange Index (NSI) closed the week with a positive movement. The NSI return increased by 1.33% to 702.64 points against 693.39 in the prior week.
Traders attributed the gains to positive movement in prices amidst the ongoing rallies in the Nigerian Exchange following a downturn recorded on sell down in unlisted companies’ shares.
Market data shows that there was a 69.02% decrease in the total value traded as the week saw NASD Investors trade a total of ₦176,720,011.74 in value compared to ₦570,411,936.1 in the previous week.
Total trade activity for the year advanced to ₦17,899,288,483.82 while the total volume traded during the week was 2,053,024 units compared to 52,900,983 units in the previous week.
This translated to a 96.12% decrease in trade volume compared to the previous week. The total volume traded for the year now stands at 3,080,993,945 units. READ: NASD OTC Gains as Friesland, Niger Delta Exploration Rally
Friesland Campina Wamco Nigeria PLC ranking top among the five most traded securities by volume and 11 PLC as the fifth most traded stock by volume traded in the week.
Also, Friesland Campina Wamco Nigeria PLC ranking top among the five most traded securities by value and 11 PLC stood as the fifth most traded Security by value for the week.
Trading data shows that Friesland Campina Wamco Nigeria PLC, which currently holds a market capitalisation of ₦107.39 billion closed the week at ₦110.00 representing a 16.83 per cent increase from the previous close of ₦94.15.
Niger Delta Exploration & Production PLC, which currently holds a market capitalisation of ₦36.82 billion closed the week at ₦203.00 representing a 7.94 per cent increase from the previous close of ₦188.06
Central Securities Clearing System PLC, which currently holds a market capitalisation of ₦79.15 billion closed the week at ₦15.83 representing a 6.88 per cent decrease from the previous close of ₦17.00
More so on the trading data, NASD PLC, which currently holds a market capitalization of ₦6.04 billion closed the week at ₦13.60 representing a 2.86 per cent decrease from the previous close of ₦14.00.
Last week’s data shows that the NASD OTC Securities Exchange market closed on a negative note year to date as the market recorded a decrease in performance.
Meanwhile, NASD Security Index Year-to-date returns decreased by 5.41%. Total volume traded year-to-date printed at 3,080,993,945 units in 1021 deals and the total value traded settled at ₦17,899,288,483.82. #NASD Up N12.15bn over Gain in Friesland, Niger Delta Exploration
