By Adedapo Adesanya
It was a profitable week for investors at the NASD Over-the-Counter (OTC) Securities Exchange last week.
This was because the unlisted securities market appreciated by N16.35 billion in the five-day trading week and this was boosted by gains recorded by three bellwethers.
Business Post reports that at the close of transactions, the market capitalization of the NASD OTC Exchanged closed at N517.69 billion compared to N501.34 billion of the preceding week.
In the same vein, the NASD unlisted securities index (NSI) rose by 3.26 percent to close the week at 704.76 points as against 682.49 points in the preceding market week.
However, there was a 51.13 percent decrease in the total value of shares traded during the week as investors transacted shares worth N31.9 million compared to N65.3 million in the previous week.
In the same pattern, the volume of stocks traded by market participants during the week was 281,856.00 units compared to 398,800.00 units in the previous week, representing a 29.32 percent decrease in the trade volume.
But at the end of the week, the bourse’s year-to-date return was in the green territory, at 1.03 percent. The total volume of trades this year at the close of business last Friday was 7,791,380,930 units of securities worth N10.1 billion transacted in 667 deals.
Central Securities Clearing System (CSCS) Plc was among the top four most traded securities by volume, Food Concept Plc was the least traded.
In addition, Niger Delta Exploration and Production (NDEP) Plc ranked top among top four most traded securities by value, Afriland Properties Plc was the least traded among the three most traded securities by value.
Three of NASD OTC big stocks closed the week with a positive movement in price. NDEP Plc, which currently has a market capitalization of N57.86 billion, closed the week at N318.95, representing a 17.11 percent increase from the previous closing price of N272.35 per share.
FrieslandCampina Wamco Nigeria Plc, which values at N117.04 billion, closed the week at N119.88 per share, representing a 5.91 percent increase from the previous close of N113.19 per share.
CSCS Plc, which has a market capitalization of N67.75 billion, closed the week at N13.55 per share, representing a 3.83 percent increase from the previous closing price of N13.05 per share.
However, the only decliner was UBN Properties Plc, which has a market capitalization of N8.10 billion, closed the week at N1.44 per share, representing a 3.36 percent decline from the previous closing price of N1.49 per share.
In the week, the share price of UBN Properties Plc was marked down for the 5 kobo dividend payment to shareholders for the 2019 financial year.
Modupe Gbadeyanka