By Adedapo Adesanya
The 34th week of trading at the NASD Over-the-Counter (OTC) Securities Exchange was bullish as investors gained N11 billion at the close of business for five trading days.
According to the weekly NASD market review and analysis, the market capitalisation expanded to N1.001 trillion from the previous week’s N990 billion, while the NASD OTC Securities Exchange Index rose by 6.88 points to close at 760.92 points in contrast to 754.04 points of Week 33.
The positive outcome for the week was bolstered by three companies, with CitiTrust Holdings Plc growing by 7.9 per cent to settle at N12.84 per unit compared with the previous N11.90 per unit.
Central Securities Clearing System (CSCS) Plc increased its value by 4.2 per cent to N14.00 per share from N13.43 per share, while FrieslandCampina WAMCO Nigeria Plc improved by 2.9 per cent to N93.00 per share from N90.30 per share.
In the week, the value of transactions depreciated by 94.4 per cent as investors traded shares worth N178.6 million compared with the N3.2 billion achieved in the previous week.
Also, the volume of trades went down by 89.4 per cent to 1.4 million units from the 13.6 million units reported a week earlier, while the number of deals decreased by 4.0 per cent to 48 deals from 50 deals.
VFD Group Plc was the most active stock with the sale of 650,210 units, followed by CitiTrust Plc with 515,656 million units, NDEP Plc with a turnover of 98,179 units, FrieslandCampina WAMCO Nigeria Plc with 82,415 units and CSCS Plc with 81,500 units.
Also, VFD Group was the most traded stock by value in the week for trading N143.3 million. NDEP Plc followed with N18.7 million, FrieslandCampina WAMCO Nigeria Plc transacted N7.3 million, CitiTrust Holdings Plc sold shares worth N6.5 million, while 11 Plc traded N1.5 million.
In the year so far, unlisted securities investors have transacted a total of 3.3 billion units worth N25.9 billion in 1,938 deals.
Dipo Olowookere