By Adedapo Adesanya
The sum of N8.01 billion was lost by investors at the NASD Over-the-Counter (OTC) last week, which was the 45th week of trading at the bourse in 2020.
The huge loss was partly caused by the poor performance of five stocks admitted on the exchange, reducing the market capitalisation to N528.38 billion from N536.39 billion it closed the preceding week.
In the same vein, the outcome of the the five equities weakened that NASD Security Index (NSI) by 1.49 per cent or 10.91 points to 719.31 points from 730.22 points in week 44.
The five stocks that caused a significant decline in the market last week were Niger Delta Exploration and Production (NDEP) Plc, Afriland Properties Plc, FrieslandCampina WAMCO Nigeria Plc, Central Securities Clearing System (CSCS) Plc and Nipco Plc.
NDEP, which currently holds a market capitalisation of N56.19 billion, depreciated by 0.70 per cent to close at N309.77 per share in contrast to the previous week’s N311.94 per share.
On its part, Afriland Properties Plc, which currently holds a market capitalisation of N1.89 billion, lost 2.82 per cent to finish at N1.38 per share versus N1.42 per share a week earlier.
Furthermore, FrieslandCampina, which currently holds a market capitalisation of N132.15 billion, went down by 3.29 per cent to N135.36 per share from N139.97 per share.
Also, CSCS, which currently holds a market capitalisation of N67.55 billion, dropped 3.57 per cent to N13.51 per share from N14.01 per share.
Lastly, Nipco Plc, which currently holds a market capitalisation of N11.63 billion, decreased by 4.62 per cent to N62 per share from N65 per share.
Business Post gathered from the activity chart that there was a 1841.9 per cent increase in the total value of securities traded by investors during the week, amounting to N116.8 million in contrast to the previous week’s N6.0 million.
Likewise, the volume of stocks traded during the week increased by 165.4 per cent to 573,357.00 units from 216,058.00 units, while the number of deals rose by 46.2 per cent to 19 deals from 13 deals.
The total transactions year-to-date stood at 7,873,739,044 units worth N11.8 billion executed in 1,320 deals.
NDEP ranked top among the four most traded securities by volume with 303,500 units, while FrieslandCampina accounted for 161,575 units, CSCS accounted for 86,650 units, while Afriland accounted for 21,250 units.
Also, NDEP Plc led the four most traded securities by value with N94.0 million, FrieslandCampina followed with N21.5 million, CSCS with N1.2 million and Afriland Properties with N29,288.
