NASD OTC Securities Exchange Market Falls 0.25%

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By Adedapo Adesanya

The NASD Unlisted Securities (NSI) closed last week with a negative return as the bourse fell by 0.25 percent to close the week at 703.01 points against 704.76 points.

This happened as investors lost N1.28 billion in value as market capitalization closed at N516.41 billion compared to N517.69 billion in the preceding Friday.

There was also a 16.9 percent decrease in the total value traded during the week as a total of N26.5 million were transacted by NASD investors compared to N31.9 million in the previous week.

In the same pattern, the volume of the securities traded during the week was 5,816,075.00 units compared to  281,856.00 units in the previous week, leading to a 1,963.5 percent increase in trading volume.

The week closed with Food Concepts Plc ranked top among four most traded securities by volume and Afriland Properties Plc as the least traded among the four most traded in week 26.

In terms of top traded securities by values, the week closed with Niger Delta Exploration and Production (NDEP) Plc ranked top among top four most traded securities by value, while FrieslandCampina Wamco Nigeria Plc as the least traded among the Four most traded securities by value in week 26.

Despite this, the NASD Security index year-to-date return rose by 0.78 percent. Total volume traded year-to-date stands at 7,797,197,005 units in 696 deals and total value traded is N10.1 billion.

Two of NASD OTC big stocks closed the week with a positive movement in price as NDED Plc, which currently holds a market capitalization of N58.9 billion closed at N325 per share, representing a 1.91 percent increase from the previous close of N318.95 per share.

FrieslandCampina Wamco Nigeria Plc, which currently holds a market capitalization of N117.16 billion closed the week at N120 per share representing a 0.10 percent increase from the previous close of N119.88 per share.

One of NASD OTC big stocks close the week with a negative movement in price. Central Securities Clearing System (CSCS) Plc which currently holds a market capitalization of N65.3 billion closed the week at N13.05 per share representing a -3.7 percent decrease from the previous close of N13.55 per share.

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