NASD Investors Lose N97.15bn in Week 17 of 2022

By Adedapo Adesanya

There was a heavy loss at the NASD Over-the-Counter (OTC) Securities Exchange in Week 17 of 2022 as the portfolios of NASD investors depleted by N97.15 billion to N911.73 billion from N1.01 trillion.

Business Post reports that the NASD Unlisted Securities Index (NSI) also decreased by 9.6 per cent or 73.89 points to 693.39 points from the preceding week’s 767.28 points.

It was gathered that the negative outcome was influenced by five depreciating stocks led by FrieslandCampina Wamco Nigeria Plc, which shed 49.4 per cent to trade at N94.15 per unit versus the previous close of N185.96 per unit.

11 Plc lost 10 per cent to close at N180.00 per share in contrast to N200.00 per share, NASD Plc depreciated by 19.3 per cent to 71 kobo per share from 88 kobo per share, VFD Group Plc went down by 2.9 per cent to N351.03 per unit from N361.82 per unit, while Central Securities Clearing System (CSCS) Plc dropped 0.6 per cent to finish at N17.00 per share versus N17.10 per share.

However, the unlisted securities market recorded two price gainers led by Food Concepts Plc which appreciated by 10.7 per cent to 83 kobo per unit from 75 kobo per unit, while Niger Delta Exploration & Production (NDEP) Plc gained 4.5 per cent to settle at N188.06 per share compared with the previous week’s N180.00 per share.

In the week, there was a 19.8 per cent increase in the total value of stocks traded as investors bought and sold N570.4 billion compared with the preceding week’s N476.1 million, while the volume of trades rose by 312.7 per cent to 52.9 million units from 12.8 million, with the number of deals growing by 66.3 per cent to 143 trades from 86 deals.

VFD Group Plc was the most traded stock by value in the week with N366.5 million, FrieslandCampina WAMCO Nigeria Plc followed with N124.9 million, Food Concepts Plc posted N41.3 million, NDEP Plc recorded N23.2 million, while CSCS Plc reported N7.9 million.

However, Food Concepts Plc was the most traded security by volume with 50.0 million units, VFD Group Plc traded 1.1 million units, FrieslandCampina exchanged 661,287 units, CSCS Plc transacted 457,750 units, while NASD Plc traded 248,750 units.

In the year so far, investors have traded a total of 3.1 billion units of securities worth N17.7 billion in 989 deals.