NASD Investors Gain N9.64bn in One Week

By Adedapo Adesanya

Investors at the NASD Over-the-Counter (OTC) Securities Exchange gained a total of N9.64 billion in the 45th trading week of 2021 and this was triggered by the rise in the share prices of three of the securities on the platform.

According to data from the exchange, the expansion in the wealth of NASD investors last week by 1.7 per cent caused the market capitalisation of the bourse to jump to N625.55 billion from N615.91 billion in week 44.

Also, as a result of this, the NASD Security Index (NSI) went higher by 11.67 points week-on-week to close at 757.16 points in contrast to 745.49 points of the preceding week.

In the week, the value of stocks transacted by investors decreased by 57.0 per cent to N25.8 million from N60.1 million just as the volume of traded stocks went down by 71.7 per cent to 1.1 million units from 3.8 million units, while the number of deals increased by 9.3 per cent to 47 deals from 43 deals.

CSCS Plc was the most traded security by volume last week with 517,118 units. It was followed by NASD Plc with 461,000 units, Air Liquide Plc recorded a sale of 32,950 units, FrieslandCampina Wamco Nigeria Plc recorded 30,890 units, while Afriland Plc traded 17,044 units of its securities.

However, NASD Plc was the most traded stock by value in the trading week with the sale of its shares worth N9.8 million. CSCS Plc followed with N8.9 million, FrieslandCampina Wamco Nigeria Plc transacted N3.9 million, Nipco Plc sold N1.3 million, while NDEP Plc traded N984,083.

In the year so far, investors have bought and sold a total of 12.8 billion securities worth N29.9 billion in 4,761 deals, according to data from the bourse.

On the price movement log, NASD Plc recorded the highest price hike with 20.8 per cent to close at N23.07 per share compared with the preceding week’s N19.10 per share.

Friesland grew by 4.0 per cent to trade at N130.00 per unit versus N125.00 per unit of the earlier week, while CSCS appreciated by 3.6 per cent to quote at N17.61 per share in contrast to N17.00 per share it closed in week 44.

Business Post reports that the market was not without a price loser as Afriland Properties Plc lost 3.6 per cent to trade at N1.07 per unit compared with the previous close of N1.11 per unit.