Four Stocks Lead NASD Exchange to 1.98% Growth in 50th Trading Week
By Adedapo Adesanya
The 50th trading week on the NASD Over-the-Counter OTC Securities Exchange in the year 2020 ended on a positive note, thanks to four stocks.
The four equities responsible for the 1.98 per cent week-on-week growth achieved last week were Nipco Plc, Central Securities Clearing System (CSCS) Plc, Niger Delta Exploration and Production (NDEP) Plc and FrieslandCampina WAMCO Nigeria Plc.
According to data obtained by Business Post from the bourse, at the close of transactions, the index moved up by 14.24 points to 733.77 points as against 719.53 points it ended a week earlier.
Also, the performance of the four shares expanded the market capitalisation of the bourse by N10.58 billion to N545.41 billion from the preceding week’s N534.83 billion.
It was observed that during the week, Nipco, which closed with a market capitalisation of N12.76 billion, appreciated by 9.7 per cent to settle at N68 in contrast to N62 of the previous week.
On its part, CSCS, which finished the week with a market capitalisation of N77 billion, recorded a price appreciation of 6.2 per cent to close the week at N140 per share versus N135.36 per share it ended the preceding week.
Also, NDEP, which ended with a market capitalisation of N56.59 billion, gained 3.7 per cent to trade at N311.94 versus N300.76, while FrieslandCampina, which closed the week with a market capitalisation of N131.08 billion, appreciated by 2.27 per cent to sell at N135 per unit as against N132 per unit it traded a week earlier.
During the week, there was a 23.3 per cent decrease in the total value of shares traded by investors as trades worth N266.7 million were carried out in contrast to the previous week’s N347.9 million.
However, the trading volume significantly increased by 340.8 per cent to 6.5 million units from the 1.5 million units exchanged in week 49. In the same vein, the number of deals increased by 15.5 per cent to 38 deals from 33 deals.
In the year-to-date overview, the unlisted securities market closed on a positive note with a return of 5.2 per cent, while market participants have transacted 7.9 billion units of shares worth N12.6 billion in the year.
Last week, CSCS Plc ranked top among the five most traded securities by volume with 3.9 million units. Nipco Plc traded 2.1 million units, FrieslandCampina WAMCO Nigeria Plc transacted 383,306 units, NDEP Plc exchanged 44,566 units, while Afriland Plc traded 807 units.
In terms of the most active stock by value, Nipco Plc topped the chart with N145.7 million. CSCS Plc followed with N53.7 million, FrieslandCampina WAMCO Nigeria Plc traded N53.4 million, NDEP Plc traded N13.9 million shares, while Afriland Plc exchanged N1,008.75 securities.