NASD Investors Gain N7.6bn in Week 6

By Adedapo Adesanya

The bearish environment at the NASD Over-the-Counter (OTC) Securities Exchange ended last week with space recording the first weekly growth this year.

This saw portfolios of investors growing by N7.57 billion in the week as a result of the 1.45 per cent appreciation the unlisted securities market achieved in the week.

In view of this, the NASD OTC market capitalisation closed at N527.98 billion compared to N520.41 billion it finished at the previous week.

Likewise, the NASD Security Index (NSI) moved up by 10.55 points to settle at 735.84 points as against the 725.29 points of the preceding week.

Business Post reports that the bullish movement was triggered by the price appreciation in the shares of two of the stocks listed on the bourse.

FrieslandCampina Wamco Nigeria Plc gained 8.9 per cent in the week to close at N132.80 per unit compared with the earlier week’s N122.00 per unit, while Afriland Properties Plc rose by 0.7 per cent to finish at N1.39 per unit versus N1.3 per unit of the preceding week.

In the week, there were also price losers as Niger Delta Exploration and Production (NDEP) Plc lost 3.6 per cent to settle at N308.50 per unit compared with the previous N320.00 per unit, while Central Securities Clearing System (CSCS) Plc declined by 1.1 per cent to sell for N16 per unit in contrast to N16.18 it ended a week earlier.

On the activity chart, there was a 213.4 per cent increase in the total value of shares traded by investors during the week to N84.3 million versus N26.9 million of the previous week.

Also, the total trading volume increased by 16.1 per cent to 1.3 million units from 1.1 million units, while the number of deals, however, decreased by 6.5 per cent to 29 deals from 31 deals of the preceding week.

In the week, CSCS Plc was the most active stock by volume with 551,800 units. UBN Property Plc traded 401,000 units, NDEP Plc transacted 208,955 units, FrieslandCampina WAMCO Plc exchanged 76,511 units, while Afriland Plc traded 50,000 units.

In terms of the most active stock by value, NDEP Plc led the chart with N64.7 million, FrieslandCampina WAMCO Nigeria Plc sold N10.1 million, CSCS Plc traded N8.8 million, UBN Property Plc transacted N505,260, while Afriland Plc exchanged N69,500.

At the close of transactions for the sixth trading session of the year, investors have traded, on a year-to-date (YtD) basis, 21.3 million shares worth N486.2 million in 171 deals.

Also, the unlisted securities market has recorded a year-to-date loss of 0.8 per cent.