NASD OTC Securities rose by 8.90% in total value trade

By Kayode Tokede

NASD OTC Securities Exchange market increased by 8.90 per cent in total value traded during the week, as week 20 saw Investors trade a total of N727.3million in value compared to N667.89 million in the previous week.

The 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 4.28per cent.

Total volume traded Year-to-Date stands at 331,286,830 units in 1640 deals and total Value traded is N7.11billion.

Total volume traded during the week was 33,678,532 units compared to 71,915,978 units in the previous week leading to a 53.17per cent decrease in trade volume compared to week 19. Total volume traded for the year is 331,286,830 units.

The week closed with Nigerian Exchange Group ranking top among the five most traded securities by volume and FrieslandCampina Wamco as the fifth most traded stock by volume traded in the week.

The week closed with Nigerian Exchange Group ranking top among the five most traded securities by value and Air Liquide PLC stood as the fifth most traded Security by value for the week.

Advancers for the week Nigerian Exchange Group , which currently holds a Market Capitalization of N 44.49 billion closed the week at N23.42 representing a 5.25 per cent increase from the previous close of N22.25.

FrieslandCampina Wamco PLC, which currently holds a Market Capitalization of N130.71billion closed the week at N133.88 representing a 2.98 percent increase from the previous close of N130.00.

Decliners for the Week, Central Securities and Clearing System PLC, which currently holds a Market Capitalization of N 88.00 billion closed the week at N17.60 representing a 0.28 percent decrease from the previous close of N17.65.