By Adedapo Adesanya
It was a positive week for traders at the NASD Over-the-Counter (OTC) Securities Exchange as they gained N1.23 billion at the 40th trading week of the year at the exchange.
As a result of this development, the market capitalisation of the bourse appreciated to N638.39 billion from N637.16 billion recorded at the preceding week.
Also, the NASD Security Index (NSI) increased by 0.19 per cent or 9.34 points to close the week at 734.48 points as against 733.06 points it ended at the previous week.
Business Post reports that three securities were responsible for the expansion in the total value of stocks on the NASD exchange and they were led by Nigerian Exchange (NGX) Group Plc, which grew by 22.6 per cent to N16.15 per unit from the previous close of N13.17 per unit.
NASD Plc appreciated in the week by 8.9 per cent to settle at N12.00 per share compared with N11.01 per share of the earlier week, while Central Securities Clearing Systems (CSCS) Plc appreciated by 3.00 per cent to close at N17.00 per unit in contrast to N16.50 per unit it finished at week 39.
On the flip side, there were four price losers led by Afriland Plc, which lost 12.5 per cent to trade at N1.05 per share versus the previous week’s N1.20 per share.
Swap Technologies and Telecomms Plc declined by 9.9 per cent to close at 64 kobo per unit as against 71 kobo per unit of the preceding week, NDEP Plc went down by 8.3 per cent to N247.50 per share from N270.00 per share, while Mixta Real Estate Plc decreased by 1.0 per cent to N1.95 per unit from N1.97 per unit it closed the earlier week.
In the week, there was a 99.2 per cent decrease in the total value of trades to N97.3 million from N12.2 billion, while the volume of transactions fell by 99.9 per cent to 10.3 million stocks from 9.7 billion stocks, with the number of deals rising by 10.0 per cent to 110 deals from 100 deals of the previous week.
At the close of the week, Swap Technologies and Telecomms Plc was the most traded security by volume with 4 million units. NASD Plc traded 3.1 million units, NGX Group Plc exchanged 1.6 million units, CSCS Plc traded 796,000 units, while Mixta Real Estate Plc recorded 610,00 units.
In terms of the value, NASD Plc topped with N36.8 million, NGX Group Plc recorded N22.8 million, Niger Delta Exploration and Production (NDEP) Plc traded N19.1 million, CSCS Plc posted N13.3 million, while Swap Technologies and Telecomms Plc had N2.6 million.
In the year so far, NASD Security Index has recorded a year-to-date loss of 0.97 per cent, while investors have transacted 11,685,252,344 shares worth N29.1 billion in 4,524 deals.
Modupe Gbadeyanka