NASD Investors Gain N5.29bn in Week 11

March 20, 2023
NASD securities exchange

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange was in positive territory for the fourth straight week as it rose by 0.55 per cent in Week 11.

This boosted the portfolios of NASD investors by N5.29 billion as the market capitalisation of the bourse closed at N961.12 billion compared with the preceding week’s N955.83 billion.

Equally, the NASD Unlisted Securities Index (NSI) increased in the five-day trading week by 4.42 points to wrap up at 731.44 points compared with 727.42 points recorded in the previous week.

In the week, there was a 58.7 per cent increase in the total value of transactions to N228.5 million from N143.9 million, the trading volume, however, went down by 61.1 per cent to 42.1 million units from 108.3 million units, while the number of deals decreased by 6 per cent to 47 trades from the 50 deals achieved a week earlier.

Last week, the market ended with six price gainers and one price loser led by 11 Plc, which fell by 2.6 per cent to settle at N150.00 per unit versus the preceding week’s N154.00 per unit.

On the gainers’ angle, Niger Delta Exploration and Production (NDEP) Plc gained 7.9 per cent to trade at N205 per unit versus N190.00 per unit, Central Securities Clearing System (CSCS) appreciated by 1.9 per cent to end the week at N14.20 per share compared with N13.93 per share, while Afriland Properties Plc improved by 10 per cent to close at N2.09 per unit, in contrast to the previous week’s N1.90 per unit.

Further, Geo-Fluid Plc appreciated by 3.0 per cent to N1.36 per unit from N1.36 per unit, FrieslandCampina Wamco Nigeria Plc gained 1.5 per cent to end at N75.11 per share versus N74.00 per share, and Nigeria Mortgage Refinance Company (NMRC) Plc grew by 4.9 per cent to sell at N5.50 per share versus N5.24 per share.

At the close of the week, NMRC Plc was the most traded stock by volume with 25 million units, Geo-Fluids Plc traded 10.3 million units, UBN Property Plc Plc exchanged 5.5 million units, and Afriland Plc transacted 610,000 units.

In terms of the value of trades in the week, NMRC Plc also topped with N138 million, VFD Group Plc followed with N32 million, 11 Plc posted N23 million, and Geo-Fluids raked in N14 million.

On a year-to-date basis, the NASD OTC Market has witnessed the sale of 612.1 million units of securities valued at N2.52 billion in 690 deals.

Adedapo Adesanya

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

Leave a Reply

SLB New Regional Office in Lagos
Previous Story

SLB Opens New Regional Office in Lagos

Nigeria does not have time
Next Story

Nigeria Picks 95th Position in Global Happiness Ranking

Latest from Economy

NASD Unlisted Security Index

NASD Index Declines by 0.02%

By Adedapo Adesanya There was a 0.02 per cent loss at the NASD Over-the-Counter (OTC) Securities Exchange on Friday, June 21 after the share

Don't Miss