By Adedapo Adesanya
The NASD Over-the-Counter (OTC) bourse last week (Week 39) ended in the bullish territory as the unlisted securities index rose by 1.74 per cent to close the week at 732.57 points against 720.02 points.
It was also a week of smiles for investors whose wealth rose by N9.22 billion in value and this led the NASD OTC market capitalisation to close at N538.12 billion compared to N528.90 billion in the previous week.
However, there was a 75.9 per cent decrease in the total value of stocks traded during the week as investors transacted securities worth N26.0 million compared to N108.4 million in the previous week.
But the volume of stocks traded by market participants increased in the week by 275.7 per cent to 12,196,894 units from the previous week’s 3,246,505 units.
In week 39, there was a dropped in the number of deals executed by traders by 35.9 per cent to 39 deals as against the 41 deals carried out in week 38.
On a year-to-date basis, the activity chart on the NASD OTC Securities Exchange showed that a total of 7,838,995,186 units of securities worth N10.9 billion have been transacted in 1171 deals.
On the price movement chart, two companies recorded a positive movement last week.
Central Securities Clearing System (CSCS) Plc, which currently holds a market capitalisation of N74 billion, appreciated by 9.63 per cent to N14.8 per share from the previous week’s N13.5 per share.
Also, FrieslandCampina WAMCO Nigeria Plc, which currently holds a market capitalisation of N127.22 billion, added 5.5 per cent to its equity value to close at N137.50 per share versus N130.31 per share it ended a week earlier.
In terms of decliners, three companies ended on the chart.
Food Concepts Plc, which currently holds a market capitalisation of N4.32 billion, lost 1.33 per cent to settle at 74 kobo per share compared with 75 kobo of the previous week.
Niger Delta Exploration and Production Plc, which currently holds a market capitalisation of N56.66 billion, depreciated by 5.5 per cent to N312.38 per share from N330.58 per share.
Nipco Plc, which currently holds a market capitalisation of N12.19 billion, suffered a 7.14 per cent loss to finish at N65 per share as against N70 per share it finished a week earlier.
For the most active stock by volume, UBN Properties Plc ranked top among five after trading 10 million units and was followed by Food Concepts Plc (2 million units), Nipco Plc (125,091 units), Afriland Plc (23,650 units) while Geo Fluids Plc traded 15,000 units.
Equally, UBN Properties Plc ranked top among top five most traded securities by value with N12.6 million followed by Nipco Plc (N8.3 million), NDEP Plc (N1.9 million), FrieslandWAMCO Nigeria Plc (N1.8 million), and Food Concepts Plc (N1.4 million).
