NASD Exchange Opens 2022 Bullish With 0.60% Growth

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange started the year 2022 on a positive foot with a 0.60 per cent growth on Tuesday, January 4, the first trading day of the year.

This was driven by the gains posted by Central Security Clearing Systems (CSCS) Plc, which appreciated by 75 kobo or 3.9 per cent to close at N19.00 per unit compared with N18.25 per unit it closed at the previous session on the NASD exchange.

As a result of this, the NASD unlisted security index (NSI) moved up by 4.43 points to 747.28 points from 742.85 points, while the market capitalisation gained N3.75 billion to wrap the day at N632.78 billion compared with N629.03 billion.

The market was without a price loser, but the activity chart was not encouraging as the trading volume retreated yesterday by 98.3 per cent to 13,200 units from 785,868 units transacted last Friday.

Also, the trading value fell by 93.3 per cent to N963,600 from N14.4 million as the number of deals depreciated by 60.00 per cent to four deals compared to the 10 deals carried out at the previous session.

At the close of trading, Friesland Campina WAMCO Nigeria Plc was the most traded stock by volume with the sale of 7,200 units of its securities valued at N849,600 and was trailed by CSCS Plc with a turnover of 6,000 units of its shares worth N114,000.

In the same vein, Friesland Campina WAMCO Nigeria Plc was also the most active stock by value with a turnover of 7,200 worth N849,600, while CSCS Plc followed with the sale of 6,000 units valued at N114,000.