NASD OTC Exchange Grows 1.13% in Three Trading Days
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange closed the 18th week of trading in the bullish territory last week as it grew by 1.13 per cent in three days.
The market index closed higher by 9.25 points to 702.64 points from 693.39 points, while the market capitalisation increased by N12.15 million to N923.88 billion from N911.73 billion.
Business Post reports that the outcome at the market occurred on the back of positive movement in the prices of FrieslandCampina WAMCO Nigeria Plc and Niger Delta Exploration and Production (NDEP) Plc.
Friesland gained 16.8 per cent to sell for N110.00 per share compared with the previous week’s N94.15 per share, while NDEP Plc rose by 7.9 per cent to N203.00 per unit from the earlier week’s N188.06 per unit.
However, Central Securities Clearing System (CSCS) Plc was on the losing side last week after its value depleted by 6.9 per cent to N15.83 per unit from N17.00 per unit, while NASD Plc lost 2.9 per cent to trade at N13.60 per share in contrast to Week 17’s N14.00 per share.
Data concerning the trades showed that the value of transactions declined by 69.0 per cent to N176.7 million from N570.4 million, the volume of transactions dropped 96.1 per cent to 2.1 million units from 52.9 million units, while the number of deals depreciated by 77.6 per cent to 32 deals from 144 deals.
FrieslandCampina was the most traded stock by volume with 1.8 million units, followed by NASD Plc with 200,000 units, CSCS Plc with 62,100 units, NDEP Plc with 23,660 units and 11 Plc with 2,750 units.
Also, FrieslandCampina was the most traded stock by value with N167.7 million, trailed by NDEP Plc with N4.7 million, NASD Plc with N2.7 million, CSCS Plc with N1.0 million and 11 Plc traded N495,000.
The unlisted securities market has posted a year-to-date loss of 5.4 per cent while a total of 3.1 billion securities worth N17.9 billion have exchanged hands in 1,021 deals.