NASD OTC market cap up 1.3% to N923.9bn, amid losses by key stocks

BY CHARLES ABUEDE

It was a positive outing across the NASD OTC Securities Exchange, which closed last week with a positive movement on the NASD Securities Index with return increasing by 1.33 percent to close the week at 702.64 points, against 693.39 points the previous week.

Also, NASD Investors gained N12.15 billion value in market capitalization which closed at N923.88 billion compared to N911.73 billion, due to positive movement in prices.

Conversely, trading activity waned as there was a 222.8 percent decrease in the total value traded during the week, as NASD investors traded a total of N176.72 million in value compared to N570.41 million in the previous week while the total volume traded during the week was 2.05 million units compared to 52.9 million units in the previous week, leading to a 96.12 per cent decrease in trade volume.

A look at the most traded security by volume show the week closed with FrieslandCampina Wamco Nigeria ranking top among the five most traded securities by volume with a total of 1.8 million units, trailed by NASD Plc with 200,000 units, Central Securities Clearing System at 62,100, Niger Delta Exploration and Production at 23,660 units and 11 PLC, as the fifth most traded stock by volume traded at a total of 2,750 in the week.

However, as for the most traded securities by value during the week, FrieslandCampina Wamco Nigeria Plc topped the ranking among the five most traded securities by value at N167.68 million. It was followed by Niger Delta Exploration and Production, with a total of N4.74 million, then NASD Plc at N2.72 million, Central Securities and Clearing System at N1.03 million; and 11 Plc, the fifth most traded security by value for the week at N495,000.

Topping the gainers’ chart for the week was FrieslandCampina Wamco Nigeria Plc, which closed the week at N110 representing a 16.83 percent increase from the previous close of N94.15. It was followed by the Niger Delta Exploration & Production Plc, which closed the week at N203, representing a 7.94 percent increase from the previous close of N188.06

Meanwhile, Central Securities Clearing System Plc closed the week at N15.83, representing a 6.88 percent decrease from the previous close of N17, to top the losers’ table for the week and is trailed by NASD Plc, which closed the week at N13.60, representing a 2.86 percent decrease from the previous close of N14.