By Adedapo Adesanya
The 52nd and final trading week at the NASD Over-the-Counter (OTC) Securities Exchange in 2022 ended on a bullish note, with investors witnessing growth in their portfolios by 0.80 per cent.
Business Post reports that this increased the market capitalisation of the exchange by N7.45 billion last Friday to N932.51 billion from N925.06 trillion in Week 51.
In the same vein, the expansion jerked the NASD OTC Securities Index (NSI) higher by 5.66 points to 709.66 points from the 704.00 points achieved in the preceding week.
A cursory look at the data from the bourse showed that there were more price losers in the week than price gainers, but the performance of the bulls overshadowed the bears.
Last week, Niger Delta Exploration and Production (NDEP) Plc gained 16.3 per cent to trade at N197.78 per share compared with the previous week’s N170.71 per cent, and FrieslandCampina Wamco Nigeria Plc rose by 2.1 per cent to sell at N67.38 per unit versus N66.00 per unit.
However, VFD Group Plc lost 0.9 per cent to close at N244.00 per unit, in contrast to the previous week’s N244.88 per unit, UBN Property Plc decreased by 1.2 per cent to 80 Kobo per share from 81 Kobo per share, and Central Securities Clearing System (CSCS) Plc went down by 0.1 per cent to N12.46 per share from N12.47 per share.
In the week, the total value of transactions depleted by 23.1 per cent to N172.3 million from N223.9 million, the total volume of trades reduced by 2.9 per cent to 44.6 million units from 45.9 million units, and the number of deals declined by 4.9 per cent to 58 deals from 61 deals.
Geo-Fluids Plc was the most traded stock by volume with 40 million units, followed by UBN Property Plc with 3.5 million units, NDEP Plc with 346,680 units, VFD Group Plc with 276,675 units, and Food Concepts Plc with 186,179 units.
But the most traded stock by value was NDEP Plc with N67.3 million, VFD Group Plc traded N61.4 million, Geo-Fluids Plc recorded N28 million, UBN Property posted N2.6 million, and CSCS Plc transacted N1.7 million.
In the year, investors transacted 3.9 billion units of shares valued at N28.02 billion in 2,706 deals.
