NASD Investors Lose N140m in Four Days
By Adedapo Adesanya
It was another week of loss at the NASD Over-the-Counter (OTC) Securities Exchange as the bourse declined by 0.01 per cent in Week 41 of trading in 2022.
This resulted in the N140 million decrease in the market capitalisation of the platform to N958.19 billion from the previous week’s N958.33 billion, as the NASD Securities Index went down by 0.10 basis points to 727.88 points as against the 727.98 points recorded in the preceding week.
Business Post reports that the bourse posted a single price gainer and a loser.
Central Securities Clearing System (CSCS) Plc lost 5.4 per cent to close at N14.00 per unit compared with the previous week’s N13.25 per unit, while FrieslandCampina Wamco Nigeria Plc gained 2.5 per cent to trade at N75.00 per share in contrast to Week 40’s value of N73.15 per share.
Last week, which only had four trading sessions due to a public holiday on Monday, there was a 122.5 per cent increase in the total value of transactions to N206.9 million from N92.9 million.
Also, the volume of trades increased by 35.5 per cent to 960,280 units from 708,644 million, while the number of deals went down by 12.8 per cent to 34 trades from the 39 trades achieved a week earlier.
At the close of transactions last Friday, VFD Group Plc was the most traded security by volume, with the sale of 863,100 units, FrieslandCampina Wamco Plc traded 27,499 units, Niger Delta Exploration and Production (NDEP) Plc exchanged 25,938 units, CSCS Plc transacted 25,50 units, and 11 Plc traded 17,743 units.
Also, VFD Group Plc was the most traded stock by volume during the week as it sold shares worth N196.7 million, NDEP Plc traded N4.9 million, 11 Plc recorded N2.9 million, FrieslandCampina Wamco Plc posted N2.0 million, and CSCS Plc transacted N338,350.
In the year so far, NSI’s year-to-date return decreased by 2.0 per cent, with NASD investors trading 3.5 billion units of stocks worth N27.0 billion in 2,242 deals.