By Adedapo Adesanya
The 39th week of trading in 2022 at the NASD Over-the-Counter (OTC) Securities Exchange saw an expansion of 1.69 per cent as investors gained N16.09 billion in the five days of trading.
According to data from the bourse, the market capitalisation, which measures the value of the trading platform, grew to N968.60 trillion from the N952.51 billion it closed in week 38.
Also, the NASD OTC Securities Exchange Index rose by 12.24 points to close at 735.79 points, in contrast to the 723.56 points of the preceding week.
Business Post reports that the positive outcome for the week was influenced by three stocks led by Central Securities Clearing System (CSCS) Plc, which improved by 13.1 per cent to N14.17 per share from N12.53 per share. NASD Plc appreciated by 7.7 per cent to N14.00 per unit from N13.00 per unit, while FrieslandCampina WAMCO Nigeria Plc increased by 6.7 per cent to N78.00 per unit from N73.00 per unit.
In the week, the share price of Niger Delta Exploration & Production (NDEP) Plc went down by 6.5 per cent to N186.00 per unit from N199.00 per unit.
As for the activity level, the value of trades went down by 65.1 per cent to N52.8 million from N151.3 million, while the volume of transactions decreased by 97.8 per cent to 571,164 units from 25.3 million units, with the number of deals rising by 8.7 per cent to 50 deals from the preceding week’s 46 deals.
NDEP Plc was the most active stock by volume in the week with the sale of 226,728 units, followed by NASD Plc with 202,500 million units, CSCS Plc transacted 80,380 units, FrieslandCampina WAMCO Nigeria Plc recorded 36,808 units and 11 Plc traded 22,168 units.
In terms of value, the most traded stock was also NDEP with N42.3 million, followed by 11 Plc with N3.8 million, NASD Plc exchanged N2.8 million, FrieslandCampina WAMCO Nigeria Plc traded N2.7 million, while CSCS Plc traded N1.5 million.
on a year-to-date basis, investors have transacted 3.5 billion units of securities worth N26.7 billion in 2,169 deals.
Modupe Gbadeyanka