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 returns increased by 0.61per cent
Total volume traded Year-to-Date stands at 383,544,271 units in 2228 deals and total Value traded is N8.38billion.
NASD OTC Securities Exchange Index closed the week with a Negative return on NSI. The NSI return decreased by 3.50per cent to close the week at 746.19 basis points against 773.22 basis points on Friday.
In addition, Week 23 saw NASD Investors lose N18.78billion in value. NASD OTC Market capitalization closed at N530.4 Billion compared to N549.61 Billion on last Friday, resulting from a Negative movement in prices.
There was a 35.66per cent increase in the total value traded during the week, as week 23 saw NASD Investors trade a total of N301,020,636 in value compared to N221,890,563 in the previous week. Total trade activity for the year is valued at N8.38billion.
Total volume traded during the week was 14,988,016 units compared to 12,454,168 units in the previous week leading to a 20.35per cent increase in trade volume compared to week 22. Total volume traded for the year is 383,544,271 units.
The week closed with Nigerian Exchange Group Plc ranking top among the five most traded securities by volume and UBN Property PLC as the fifth most traded stock by volume traded in the week.
The week closed with Nigerian Exchange Group PLC ranking top among the five most traded securities by value and NIPCO PLC stood as the fifth most traded Security by value for the week.
The NASD OTC Exchange recorded no Advancers as the Bears held their ground firmly through the week 23.
FrieslandCampina Wamco PLC, which currently holds a Market Capitalization of N113.42billion closed the week at N116.17 representing a 9.59 per cent decrease from the previous close of N128.50.
Niger Delta Exploration & Production PLC, which currently holds a Market Capitalization of N50.73 Billion closed the week at N279.69 representing a 6.77 per cent decrease from the previous close of N300.00.
NIPCO PLC, which currently holds a Market Capitalization of N13.13 Billion closed the week at N70.00 representing a 5.02 per cent decrease from the previous close of N73.70.
Nigerian Exchange Group PLC, which currently holds a Market Capitalization of N37.79 Billion closed the week at N19.89 representing a 4.37 per cent decrease from the previous close of N20.80.
Central Securities and Clearing System PLC, which currently holds a Market Capitalization of N90.00 Billion closed the week at N18.00 representing a 3.02 percent decrease from the previous close of N18.56.