NASD OTC investors gain N13.62bn

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By Kayode Tokede

NASD OTC Securities Exchange Market closed on a positive note last week as Investors gain N13.62 billion in value.

NASD OTC market capitalization closed at N529.61 billion compared to N515.99 billion on last Friday, resulting from a Positive movement of prices.

The market YTD recorded an increase in performance. NASD Security Index Year to date returns increased by 0.46 per cent.

Total volume traded Year-to-Date stands at 41,329,765 units in 379 deals and total Value traded is N1.43 billion.

NASD OTC Security Index (NSI) closed last Thursday with a positive movement in NSI against the previous week. The NSI closed the week at 745.08 points.

There was a 53.60per cent decrease in the total value traded during the week as week 13 saw NASD Investors trade a total of N213.4 million  in value compared to N459.95million in the previous week. Total trade activity for the year is valued at N1.43 billion.

Total volume traded during the week was 1,226,023 units compared to 2,775,595 units in the previous week leading to a 55.83per cent decrease in trade volume compared to week 12. Total volume traded for the year is 41,329,765 units.

The week closed with Friesland Campina Wamco Nigeria Plc  ranking top among the five most traded securities by volume and Afriland Properties Plc as the fifth most traded stock by volume traded in the week.

The week closed with Niger Delta Exploration & Production Plc ranking top among the five most traded securities by value and Afriland Properties Plc stood as the fifth most traded Security by value for the week.

VFD Group Plc, which currently holds a Market Capitalization of N19.03 Billion closed the week at N224.66 representing a 33.10 percent increase from the previous close of N168.79.

Central Securities Clearing System Plc, which currently holds a Market Capitalization of N80.00 billion closed the week at N16.00 representing a 8.77 percent increase from the previous close of N14.71.

Niger Delta Exploration & Production Plc, which currently holds a Market Capitalization of N57.14 Billion closed the week at N315.00 representing a 5.65 percent increase from the previous close of N298.15.

Friesland Campina Wamco Nigeria Plc, which currently holds a Market Capitalization of N127.18 Billion closed the week at N130.27 representing an 0.48 percent increase from the previous close of N130.90.