NASD OTC rose by 1.05% to close last week at 720.02 bpts

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By Kayode Tokede

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 3.22per cent.

Total volume traded Year-to-Date stands at 7,826,798,292 units in 1146 deals and total Value traded is N10.86billion

NASD OTC Securities Exchange closed the week with a positive return on NSI. The NSI return rose by 1.05per cent to close the week at 720.02 points against 712.54 points against proceeding week.

In addition, Week 38 saw NASD Investors gain N5.49 billion in value. NASD OTC Market capitalization closed at N528.90billion compared to N524.64billion in the preceding last week Friday, resulting from a negative movement of prices.

There was a 381.83per cent increase in the total value traded during the week as week 38 saw NASD Investors trade a total of N108,401,095.98 in value compared to N22.44billion in the previous week. Total trade activity for the year is valued at N10.86 billion.

In the same pattern, volume traded during the week was 3,246,505.00 units compared to 640,354.00 units in the previous week leading to a 406.99 per cent increase in trade volume compared to week 37. Total volume traded for the year is 7,826,798,292 units.

The week closed with Central Securities Clearing System Plc ranking top among five most traded securities by volume and FrieslandCampina Wamco Nigeria Plc as the fifth most traded stock by volume in week 38.

The week closed with Nipco Plc ranking top among five most traded securities by value and Famad Nigeria Plc stood as the fifth most traded Security by Value for the week.

Two of NASD OTC stocks closed the week with a positive movement in price. FrieslandCampina Wamco Nigeria Plc, which currently holds a Market Capitalization of N127.22 Billion closes the week at N130.31 representing a 4.25 per cent increase from the previous close of N125.

NIPCO Plc, which currently holds a Market Capitalization of N932.71 billion closes the week at N70 representing a 7.18 per cent increase from the previous close of N65.31.

Two of NASD OTC stocks closed the week with a negative movement in price. Afriland Properties Plc, which currently holds a market capitalization of N2.06 billion closes the week at N1.5 representing a -9.64 per cent decrease from the previous close of N1.66.

Central Securities Clearing System Plc, which currently holds a market capitalization of N 67.50 Billion closes the week at N13.5 representing a -0.52 percent decrease from the previous close of N 13.57.