Market Value of NASD Listed Stocks Rises to N502.3bn

By Adedapo Adesanya

After closing the previous session positive, the NASD Over-the-Counter (OTC) Securities Exchange closed mixed on Thursday, January 30, 2020 as key barometers recorded different outcomes, with the market capitalisation rising while the NASD Unlisted Securities Index (NSI) remained flat.

Business Post reports that the market capitalisation rose by 0.08 percent equivalent to N420 million to N502.29 billion from N501.87 billion quoted on Wednesday, while the NSI remained at 698.56 points.

At the bourse, the volume and value of shares transacted at the session appreciated as it did the previous day with investors trading 750,265 units compared with the 592,065 units of securities exchanged the previous day. This indicated that the volume of shares exchanged by traders went up by 27 percent or 158,200 units.

Similarly, the value of shares transacted appreciated as securities worth N13.5 million exchanged hands in contrast to N11.97 million transacted at the previous session, representing 13 percent or N1.5 million increase.

The total number of deals executed by investors at the NASD OTC Exchange on Thursday, however, went down by 54 percent or seven as six deals were executed at the session compared with 13 deals of Wednesday.

At the end of the trading, the bourse saw no price gainer or loser.

Meanwhile, in terms of the most traded securities by value (year-to-date), Niger Delta Exploration and Production (NDEP) topped the chart with 577,500 units of its shares worth N182 million traded by investors, while FrieslandCampina Wamco Nigeria Plc followed with 429,833 units exchanged for N56.5 million, with CSCS Plc moving into third place after trading 2.6 million units of its securities valued at N30.9 million.

By volume, ARM Life Plc kept its place as the most traded stock (year-to-date) with 29 million units of its shares worth N18.3 million exchanged at the market, while CSCS Plc came second place with 2.6 million units worth N30.9 million, with UBN Property Company coming third after selling 429,833 units for N1.2 million.