NASD Sustains Stellar Performance in Week 22 With 16.6% Surge

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange, for the eighth consecutive week, posted week-on-week growth in Week 22, with its total value breaking the N2 trillion threshold after it appreciated by 16.6 per cent.

Data showed that investors gained N300 billion in the five-day trading week to leave the market capitalisation of the alternative stock exchange at N2.111 trillion compared with the N1.811 trillion it closed in Week 21.

In the same vein, the NASD Unlisted Security Index (NSI) improved in the week by 219.24 points to settle at 1,541.19 points, in contrast to the preceding week’s 1,321.95 points.

Business Post reports that Aradel Holdings Plc appreciated by 37.0 per cent last week to close at N5,044.39 per unit versus the previous week’s N3,680.90 per unit, Afriland Properties Plc rose by 14.8 per cent to end at N17.20 per share versus N14.98 per share, Geo-Fluids Plc grew by 10 per cent to quote at N2.09 per unit compared with the preceding week’s N1.90 per unit, 11 Plc increased its value by 6.6 per cent to close at N205.00 per share versus N192.32 per share, and FrieslandCampina Wamco Nigeria Plc expanded by 3.5 per cent to trade at N51.71 per unit versus N49.98 per unit.

On the flip side, Central Securities Clearing System (CSCS) Plc recorded a 6.9 per cent loss to end at N18.61 per share against the former value of N19.98 per share, UBN Property Plc declined by 4.1 per cent to close at N1.65 per unit compared with the previous week’s N1.72 per unit, and Acorn Petroleum Plc depreciated by 3.9 per cent to N1.00 per share from the preceding week’s N1.04 per share.

In the week, the total volume of trades fell by 68.9 per cent to 4.2 million units from 13.6 million units, but the value of transactions went up by 184.1 per cent to N2.64 billion from N930.0 million, and the number of deals increased by 36.9 per cent to 308 deals from 225 deals.

Aradel Holdings Plc was the busiest in the week by value after selling shares worth N2.5 billion,  11 Plc traded N47.7 million, FrieslandCampina Wamco Plc posted N29.5 million, Afriland Properties Plc recorded N19.4 million, and CSCS Plc transacted N8.1 million.

But Afriland Properties Plc was the busiest by volume with 1.2 million units, FrieslandCampina Wamco Plc traded 0.59 million units, Aradel Holdings Plc exchanged 0.53 million units, Acorn Petroleum Plc transacted 0.47 million units, and CSCS Plc traded 0.41 million units.