Investors Gain N2.17bn at NASD OTC Securities Exchange

June 1, 2020
NASD OTC Securities Exchange

By Adedapo Adesanya

Investors gained N2.17 billion in value last week as the NASD Over-the-Counter (OTC) Securities Exchange market capitalization closed Week 22 at N507.92 billion compared to N505.75 billion in the preceding week.

NASD OTC Securities Exchange also closed the week with a positive return in NASD Security Index (NSI), which rose by 0.43 percent week-on-week to close at 691.46 points as against 688.51 points it finished the preceding Friday, May 22.

During the week, there was a 9,488.80 percent increase in the total value of stocks traded by investors as the transaction value increased to N2.4 billion from N24.9 million in the previous week. This happened as total trades for the year is valued at N9.9 billion.

In the same week, the volume of trades jumped to 170.3 million units from the 620,727.00 units of the previous week, indicating a 27,332 percent rise in the trading volume. The total volume of stocks traded this year on the exchange is 7,788,623,261 units.

In terms of top traded securities by volume, the week closed with Central Securities Clearing System (CSCS) Plc claiming the top spot. Niger Delta Exploration and Production (NDEP) Plc followed, while FrieslandCampina Wamco Nigeria Plc was the third most active stock in the week.

In terms of top traded securities by value, the week closed with CSCS Plc on top of the chart, while NDEP Plc was in second place, with FrieslandCampina Wamco Nigeria Plc in third spot.

Two of NASD OTC bellwethers closed the week with a growth in their share price. CSCS Plc with a market capitalisation of N67.75 billion increased by 6.78 percent to sell at N13.55 per share as against N12.69 per share it closed in week 21. On its part, NDEP appreciated by 9.21 percent to N294.88 per share from N270 per share.

On the losers’ chart, FrieslandCampina Wamco Nigeria Plc, which has a market capitalisation of N110.51 billion claimed the top spot with a depreciation of 5.68 percent to N113.19 per share in contrast to N120 per share it ended in week 21.

In a Year-to-Date overview, NASD OTC Securities Exchange Market closed on a negative note last week, as the market recorded a decrease in performance. NASD Security Index YTD return fell by 0.87 percent.

Adedapo Adesanya

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

Leave a Reply

opec oil output
Previous Story

Nigeria Meets Only 19% OPEC+ Cut Compliance

crude oil prices
Next Story

Analysts List Factors to Impact Crude Oil Prices This Week

Latest from Economy

Don't Miss