NASD OTC market cap. drops by 0.60% WoW

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By Kayode Tokede

The NSI return fell by -0.60per cent to close the week at 709.17 basis points against 713.46 basis points  against preceding week.

NASD OTC Securities Exchange Market closed on a positive note YTD as the market recorded an increase in performance. NASD Security Index Year to date return rose by 1.67per cent. Total volume traded Year-to-Date stands at 7,822,585,238 units in 1022 deals and total Value traded is N10.71billion.

In addition, Week 34 saw NASD Investors lose N3.15 billion in value. NASD OTC Market capitalization closed at N520.93 billion compared to N524.08 Billion against preceding Friday, resulting from a negative movement of prices.

There was a 267.25per cent increase in the total value traded during the week as week 34 saw NASD Investors trade a total of N176,792,234.71 in value compared to N48.14million in the previous week. Total trade activity for the year is valued at N10.71billion.

In the same pattern, volume traded during the week was 2,195,636.00 units compared to 813,582.00 units in the previous week leading to a 169.87% increase in trade volume compared to week 33. Total volume traded for the year is   7,822,585,238 units.

The week closed with FrieslandCampina Wamco Nigeria Plc ranking top among five most traded securities by volume and Niger Delta Exploration and Production Plc as the fifth most traded stock by volume in week 34.

The week closed with FirslandCampina Wamco Nigeria Plc ranking top among top five most traded securities by value and Firsttrust Mortgage Bank Plc stood as the fifth most traded Security by Value for the week.

One of NASD OTC stocks closed the week with a positive movement in its price. Niger Delta Exploration and Production Plc, which currently holds a Market Capitalization of N59.95 billion closes the week at N330.58 representing a 8.50 per cent increase from the previous close of N304.67.

Three of NASD OTC stocks closed the week with a negative movement in their prices. FrieslandCampina Wamco Nigeria Plc, which currently holds a Market Capitalization of N117.17 billion closes the week at N120.01 representing a -5.54 percent decrease from the previous close of N127.05.

Afriland Properties Plc, which currently holds a Market Capitalization of N5.30 billion closes the week at N1.84 representing a -7.70 percent decrease from the previous close of N1.98.

UBN Properties Plc, which currently holds a Market Capitalization of N10.56 billion, closes the week at N1.26 representing a -10.00 percent decrease from the previous close of N1.4.