Adedapo Adesanya
By Adedapo Adesanya
The year 2021 wrapped up at the NASD Over-the-Counter (OTC) Securities Exchange on an impressive note as the transactions value, volume and number of deals grew.
In the year under review, the NASD bourse recorded trades worth N32.8 billion, 158.9 per cent higher than the N12.7 billion posted in 2020.
Also, the volume of transactions improved by 63.3 per cent to 12.9 billion units from the previous year’s 7.9 billion units, while the number of deals jumped by 233.4 per cent to 4,988 deals from 1,496 deals in 2020.
The top advancer for the year was NASD Plc, which grew by 434.3 per cent to close the year at N18.70 per unit versus N3.50 of the preceding year.
VFD Group Plc gained 244.4 per cent to trade at N361.82 per share versus N105.07 per share it ended in 2020, while Central Securities Clearing System (CSCS) Plc appreciated by 21.3 per cent to finish at N18.25 per unit in contrast to the preceding year’s N15.05 per unit.
Furthermore, Industrial and General Insurance (IGI) Plc improved by 14.3 per cent to 8 kobo from 7 kobo, while Newrest ASL Nigeria Plc gained 10.00 per cent to quote at N11.00 per share compared with N10.00 per share of the previous year.
On the flip side, Niger Delta Exploration and Production (NDEP) Plc was the biggest loser, depleting by 30.7 per cent to N235.50 per share from the previous year’s N340.00 per share, Swap Technologies and Telecomms Plc fell by 27.3 per cent to 64 kobo per unit from 88 kobo per unit, Afriland Properties Plc depreciated by 22.5 per cent to N1.07 per share from N1.38 per share, Mixta Real Estate Plc declined by 20.00 per cent to N1.76 per unit from N2.20 per unit, while Mass Telecommunication & Innovation Plc fell by 10.00 per cent to 45 kobo per share from 50 kobo per share.
The year closed with Food Concepts Plc the most traded security by volume with 10.0 billion units. It was followed by Lighthouse Financial Services Plc with 1.1 billion units, Geo Fluids Plc with 1.0 billion units, Nigerian Exchange Group Plc with 446.9 million units, while CSCS Plc exchanged 153.1 million units.
In terms of value, Food Concepts Plc topped the chart with N12.6 billion. NGX Group Plc followed with N9.1 billion, VFD Group Plc traded N3.5 million, CSCS Plc posted N2.8 billion and FrieslandCampina WAMCO Plc traded N1.1 billion.
Week 52 performance
In the final week of trading, Business Post reports that the market capitalisation jumped to N629.03 billion from N622.23 billion in Week 51, indicating an increase of N6.8 billion, while the NASD Security Index rose by 11.67 points to close at 757.16 points from 745.49 points.
In the week, the value of transactions increased by 198 per cent to N1.9 billion from N650.9 million, the trading volume rose by 276.3 per cent to 99.6 million units from 26.5 million units, while the number of deals went down by 9.4 per cent to 29 deals from 32 deals.
Outlook for 2022
Looking at 2022, Mr Bola Ajomale, the Managing Director, NASD Plc noted that the OTC market has gained strides and looks forward to the boundless opportunities the year 2022 promises to offer.
He added that NASD PLC was committed to delivering value and making the OTC market a fertile ground for investors through our innovative strategies.
