NASD Trading Activities Record Growth in Q1 2018

April 1, 2018
NASD OTC market

By Modupe Gbadeyanka

Trading activities on the floor of the NASD OTC Market recorded a significant growth in the first quarter of 2018.

During the period under review, the market recorded a 45 percent increase in the volume of securities traded by investors from 239.9 million units in Q1 2017 to 352 million units in Q1 2018.

Furthermore, the value of securities transacted by market players rose by 112 percent from N1.6 billion in Q1 2017 to N3.6 billion in Q1 2018.

It was gathered that during the same period, Central Securities Clearing System Plc led the market by volume traded, as investors traded 218 million units of its shares in 180 deals, while Afriland Properties Plc followed by transactions in 67 million units in 49 deals.

Central Securities Clearing System Plc also led the market by value traded, trading shares worth N1.8 billion, as Niger Delta Exploration & Production Plc came in second place with transactions worth N1.1 billion.

Modupe Gbadeyanka

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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