NASD Investors Lose N9.05bn Amid 68,673% Jump in Trading Volume in Week 45

November 14, 2022
NASD investors

By Adedapo Adesanya

The 45th week of trading in 2022 at the NASD Over-the-Counter (OTC) Securities Exchange ended on a bearish note, with a decline of 0.77 per cent, data from the bourse revealed.

According to the weekly NASD market review analysed by Business Post, NASD investors lost N9.05 billion in the five-day trading week, with the market capitalisation closing at N939.25 billion compared with the preceding week’s N948.30 billion.

Also, the NASD securities index went down by 5.56 points to close at 714.80 points, in contrast to 720.36 points of week 44.

In the week, the share price of FrieslandCampina WAMCO Nigeria Plc depreciated by 5.1 per cent to settle at N66.42 per unit versus the previous week’s N69.95 per unit, UBN Property Plc declined by 2.9 per cent to trade at 98 Kobo per share compared with the preceding week’s N1.01 per share, and Cititrust Holdings Plc lost 1.9 per cent to settle at N13.25 per unit versus N13.50 per unit.

In week 45, there was no price gainer, but the trading value broadly rose by 888.9 per cent to N139.1 million from N14.1 million, the trading volume increased by 68,673.4 per cent to 234.9 million units from 341,550 units, and the number of trades grew by 39.3 per cent to 39 deals from the 28 deals recorded in the preceding week.

At the close of business, Lighthouse Financial Services Plc was the most active stock by volume with 224.6 million units, UBN Property Plc traded 11.1 million units, FrieslandCampina Wamco Nigeria Plc transacted 478,352 units, Nipco Plc recorded 25,000 units, and Central Securities Clearing System (CSCS) Plc traded 8,771 units.

Also, Lighthouse Financial Services Plc was the most traded stock by value for trading N112.3 million, trailed by FrieslandCampina Wamco Nigeria Plc with N32.1 million, UBN Property Plc exchanged N10.9 million, VFD Group Plc transacted N1.9 million, and Nipco Plc traded N1.5 million.

In the year so far, investors have transacted 3.72 billion units of securities worth N27.4 billion in 2,376 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.

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