NASD Exchange Market Cap Shrinks 1.15% in Week 20

By Adedapo Adesanya

For yet another trading week, the NASD Over-the-Counter (OTC) Securities Exchange ended in the negative territory as it lost 1.15 per cent in Week 20.

In the week, the market capitalisation dropped below N1 trillion after it closed at N990.27 trillion, as the NASD Unlisted Securities Index (NSI) depreciated by 8.36 points to wrap the week at 715.90 points compared with 724.26 points recorded at the previous week.

The market breadth was flat, as there were three losers and three gainers.

FrieslandCampina Wamco Nigeria Plc slumped by 5.6 per cent to end the week at N66.00 per unit versus the N69.92 per unit it closed in Week 19, 11 Plc went down by 9.8 per cent to N115.00 per share from the previous week’s N127.49 per share, and Central Securities Clearing System (CSCS) recorded a 5.83 per cent slip to end the week at N13.56 per share, in contrast to the previous week’s N14.40 per share.

On the gainers’ angle, Niger Delta Exploration and Production (NDEP) Plc rose by 9.7 per cent to end the week at N231.00 per share compared with the previous week’s N210.56 per share, Afriland Properties Plc gained 4.2 per cent to end the week at N2.50 per unit versus N2.40 per unit, while Geo-Fluids Plc added 8.5 per cent to its value to end at N2.80 per unit, in contrast to N2.58 per unit.

In the week under review, there was a 336.6 per cent increase in the total value of trades to N553.6 million from N126.8 million, while the volume of transactions slumped by 61.4 per cent to 9.1 million units from 23.5 million units.

At the close of the week, FrieslandCampina Wamco Nigeria Plc was the most traded stock by volume with 6.4 million units, Geo-Fluids Plc traded 1.02 million units, CSCS Plc exchanged 630,000 units, and Afriland Properties Plc sold 530,000 units.

By value, FrieslandCampina Wamco Nigeria Plc also led with N450.5 million, VFD Group Plc transacted N57.0 million, NDEP Plc posted N21.9 million, Nipco Plc traded N10.1 million and CSCS Plc exchanged N8.6 million.

In the year, investors have transacted 1.69 billion stocks worth N5.02 billion in 1,188 deals.