NASD OTC Ends Positive, Investors Record Large Gain
The NASD over-the-counter (OTC) market ends the week on a positive note amidst the ongoing bargain hunting in the Nigerian Exchange. The OTC Exchange rose strongly as investors see large gains.
Market data showed that NASD investors gained ₦26.46 billion value in market capitalisation, crossing the N1 trillion mark, in the last five trading sessions.
According to trading statistics, NASD OTC market capitalisation printed at ₦1.057 trillion compared to ₦1.031 trillion in the prior week due to positive movement in prices and bonus declaration of Friesland Campina Wamco Nigeria PLC of one for one (1:1).
Trading data showed that the Friesland Campina Wamco Nigeria bonus took effect from the 29th of April 2022. In the just concluded week, there was a 1270.23% increase in the total value traded in the five trading sessions.
Data showed that NASD Investors traded a total of ₦2,421,468,588.69 in value compared to ₦176,720,011.74 in the previous week. At the end of the week, total trade activity for the year advanced to ₦20,320,757,072.51.
The total volume traded during the week was 33,959,149 units compared to 2,053,024 units in the previous week leading to a 96.12% decrease in trade volume compared with last week’s record. According to market data, the total volume traded has expanded to 3,114,953,094 units.
The week closed with Food Concepts PLC ranking top among the five most traded securities by volume. However, Friesland Campina Wamco Nigeria PLC ranked as the fifth most traded stock by volume traded in the week.
VFD Group PLC ranking top among the five most traded securities by value and Central Securities Clearing System PLC stood as the fifth most traded Security by value for the week.
Central Securities Clearing System PLC, which currently holds a market capitalisation of ₦85.00 billion closed the week at ₦17.00 representing a 18.19 per cent increase from the previous close of ₦15.83.
Friesland Campina Wamco Nigeria PLC, which currently holds a market capitalisation of ₦234.32 billion closed the week at ₦120.00 representing a 9.09 per cent increase from the previous close of ₦110.00.
Food Concepts PLC, which currently holds a market capitalisation of ₦5.08 billion closed the week at ₦0.87 representing a 4.82 per cent increase from the previous close of ₦0.83. READ: NASD Nears N1trn as Access Bank Goes to OTC Exchange
Niger Delta Exploration & Production PLC, which currently holds a market capitalisation of ₦38.09 billion closed the week at ₦210.00 representing a 3.45 per cent increase from the previous close of ₦203.00.
Vital Products PLC, which currently holds a market capitalisation of ₦3.82 billion closed the week at ₦2.10 representing a 9.87 per cent decrease from the previous close of ₦2.33.
Signal buying interest, trading data showed that the NASD OTC Securities Exchange market closed on a positive note year to date as the market recorded an increase in overall performance.
NASD Security Index year-to-date returns increased by 8.74% while the total volume traded year-to-date settled at 3,114,953,094 units in 1092 deals and the total Value traded inched higher to ₦20,320,757,072.51. #NASD OTC Ends Positive, Investors Record Large Gain