By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange has recorded a year-to-date loss of 1.29 percent in the 21 weeks of trading this year.
According to data gathered from the exchange by Business Post, the total volume traded year-to-date stands at 7,618,340,886.00 units in 568 deals valued at N7,459,326,983.88.
Last week (Week 21), an overview of trades showed that NASD OTC Securities Exchange closed negative with the NASD Securities Index (NSI) down by 0.7 percent to 688.51 points from 693.94 points it ended in the preceding week (Friday, May 15, 2020).
In addition, in the 21st trading week of the year, investors lost N4 billion in value, leaving the market capitalisation at N505.76 billion compared with N509.75 billion in the preceding Friday.
There was a 157 percent increase in the total value traded during the week as shares worth N24,898,546.00 exchanged hands in contrast to N9,671,300.00 in the previous week.
Also, in the week, a total of 620,727 securities were transacted by market participants as against the 73,715 units traded in the previous week, leading to a 742 percent increase in the trading volume when compared with with week 20.
The week closed with Lighthouse Financial Services Plc ranking top among top five most traded securities by volume and VFD Group Plc as the least traded among the five most traded in week 21.
The week closed with Niger Delta Exploration and Production (NDEP) Plc ranking top among top five most traded securities by value and FrieslandCampina Wamco Nigeria Plc as the least traded among the five most traded securities by value in week 21.
There were no advancers during the week even though week 21 seemed to have witnessed increased trade figures. The week saw its transaction volume and value closing with an appreciation compared to week 20.
However, NDEP Plc, which currently holds a market capitalisation of N48.98 billion, was the only decliner for the week as it closed at N270 per share representing a 7.53 percent decrease from the previous closing price of N292.
Following the declaration of public holiday on Monday, May 25 and Tuesday, May 26 by the Federal Government for Eid-el-Fitr holidays, the market will remain closed till Wednesday, May 27.
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