By Adedapo Adesanya
The NASD OTC Securities Exchange has said in light of current global economic realities, investors should take the opportunity to consider a diversified investment portfolio that exists on its platform to cushion the effect.
In a statement issued on Friday, the exchange stated that though the COVID-19 has brought about negative outcomes, some specific aspects of the economy has been largely insulated, saying it would be logical for some investors to look into these sectors and get their stocks so as to lessen the portfolio loss.
“Despite the adverse global economic impact of the COVID-19 pandemic and bearish investor sentiments across markets, some specific industries have continued to thrive, even more so during this period.
“Investors with well-diversified portfolios across industries are more likely to cushion the effects of an economic downturn on their overall investments as opposed to investors who haven’t diversified their investments,” the platform for trading unlisted securities said in the statement received by Business Post.
The NASD Exchange further stated that it provides an avenue for investors to further diversify their investments across various sectors ranging from fast-moving consumer goods, energy, insurance, among others.
It called on interested party to follow the link for investment opportunities available on the NASD OTC Securities Exchange: https://nasdng.com/prices-markets/market-statistics/#pricelist
At the close of 13th trading week in 2020, the NASD OTC Security Index (NSI) and market capitalisation closed on Friday, March 27 2020 at 692.71 points and N508.84 billion respectively.
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