NASD OTC Market CAP Decreased By -0.60% WoW to Close At N520.93bn

Proshare

Friday August 21, 2020 / 09:10 PM / by NASD Plc/ Header Image Credit: NASD Plc


 Proshare Nigeria Pvt. Ltd.


The Financial services sector is one of the top 20 contributors of GDP in Nigeria, as financial institutions contribute about 2.59% to Nigeria's real GDP. In response to the pandemic, banks in Nigeria are taking laudable steps to help combat the negative effects of the pandemic. Some of these are highlighted below:

 

The Central Bank of Nigeria for example, has put in place a one-year extension of a moratorium on principal repayments for the central bank's intervention facilities; a reduction in the interest rate on intervention loans from 9% to 5%; regulatory flexibility for banks to restructure facilities in the affected sectors. The central bank has also injected liquidity into the banking sector in order to protect jobs, stimulate local economic production and the process of import substitution.

 

Zenith Bank Plc of Nigeria has secured a USD 100 million loan to strengthen its support to clients and businesses whose cash flows have been disrupted by the difficulties caused by the COVID-19 pandemic.

 

First City Monument Bank (FCMB) Limited has secured a USD 50 million loan to assist in the development of lending to Small and Medium Enterprises (SME's) in order to support the continuation of their business operations which have been disrupted by the COVID-19 pandemic.

 

Access Bank Plc has secured a loan of about USD 50 million to increase the liquidity of thousands of small and medium sized enterprises (SMEs) in Nigeria that are addressing the economic challenges of COVID-19.

 

In spite of theses various actions as well as the assistance that the banks are rendering to address the effects of the pandemic, the Covid-19 virus has continued to cause a convulsive shock to the global economy and the banking industry itself is not exempted.

 

Due to the slowdown of economic activities, the banking sector has been threatened by economic contraction, as well as a sharp increase in non-performing loans, from the already high levels of 11% in 2019. Borrowers across sectors and scales of business have been affected, as declines in income and revenue mean that they will be unable to meet their obligations. Also, there are operational constraints of keeping employees safe and meeting customer expectations as a result of the pandemic; the banking sector is faced with problems of reducing fee and trading income as well as pressure on net-interest income; the Covid-19 pandemic has brought about an increased rate of deterioration of I.T and other support services because of internal challenges or vendor problems. Finally, there has been an increase in cybersecurity breaches in banks since when the pandemic started.

 

For banks to effectively tackle these problems, they need to act fast and take steps. Some of the steps that banks can take include:

 

1. Maintaining business continuity and protecting their supply chain.

2. Protecting their employees and planning for their workforce.

3. Providing clarity to employees and stakeholders and enabling business continuity.

4. Gaining insight and assessing their exposure to risk.

5. Balancing customer care with commercial priorities.

 

As a barometer of the economy, NASD in its capacity, supports and encourages enterprises in Nigeria by providing access to capital to ensure sustenance of operations during a period such as this. We accomplish this via our service offerings - the NASD Enterprise Portal (NASDeP) and VentureRamp. NASDeP helps connect high growth enterprises in the financial services sector with willing private equity investors seeking to invest, while the NASD VentureRamp is a crowdfunding platform that can assist entrepreneurs in raising funds for their respective projects.

 

NASD continues to support growth and development within Nigeria and through its activities boost the capital market by facilitating capital raise and liquidity for enterprises across various sectors through innovative products and service offerings.

 

Year-to-Date Overview

 

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 1.67%. Total volume traded Year-to-Date stands at  7,822,585,238 units in 1022 deals and total Value traded is N 10,714,242,162.25.

 

Proshare Nigeria Pvt. Ltd.


Week 34 Overview

 

NASD OTC Securities Exchange closed the week with a negative return on NSI. The NSI return fell by -0.60% to close the week at 709.17 points against 713.46 points against preceeding Friday, August 14 2020.

 

In addition, Week 34 saw NASD Investors lose N3.15 Billion in value. NASD OTC Market capitalization closed at N520.93 Billion compared to N524.08 Billion against preceding Friday, resulting from a negative movement of prices.


Proshare Nigeria Pvt. Ltd.


There was a 267.25% increase in the total value traded during the week as week 34 saw NASD Investors trade a total of N176,792,234.71 in value compared to N48,138,905.31 in the previous week. Total trade activity for the year is valued at N 10,714,242,162.25. 

 

In the same pattern, volume traded during the week was 2,195,636.00 units compared to 813,582.00 units in the previous week leading to a 169.87% increase in trade volume compared to week 33. Total volume traded for the year is   7,822,585,238 units.



Proshare Nigeria Pvt. Ltd.


Top Traded Securities by Volume

 

The week closed with FrieslandCampina Wamco Nigeria Plc ranking top among five most traded securities by volume and Niger Delta Exploration and Production Plc as the fifth most traded stock by volume in week 34.

Proshare Nigeria Pvt. Ltd.


Top Traded Securities by Values

 

The week closed with FirslandCampina Wamco Nigeria Plc ranking top among top five most traded securities by value and Firsttrust Mortgage Bank Plc stood as the fifth most traded Security by Value for the week.

Proshare Nigeria Pvt. Ltd.


Advancers for the week

 

One of NASD OTC stocks closed the week with a positive movement in its price. Niger Delta Exploration and Production Plc, which currently holds a Market Capitalization of N59.95 Billion closes the week at N330.58 representing a 8.50 percent increase from the previous close of N304.67.


Proshare Nigeria Pvt. Ltd.


Decliners for the Week

 

Three of NASD OTC stocks closed the week with a negative movement in their prices. FrieslandCampina Wamco Nigeria Plc, which currently holds a Market Capitalization of N117.17 Billion closes the week at N120.01 representing a -5.54 percent decrease from the previous close of N127.05.

 

Afriland Properties Plc, which currently holds a Market Capitalization of N5.30 Billion closes the week at N1.84 representing a -7.70 percent decrease from the previous close of N1.98.

 

UBN Properties Plc, which currently holds a Market Capitalization of N10.56 Billion closes the week at N1.26 representing a -10.00 percent decrease from the previous close of N1.4.


Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.

 

Related News

  1. NASD OTC Market CAP Increased By 1.05% WoW to Close At N524.08bn
  2. NASD OTC Market CAP Increased By +0.75% WoW to Close At N518.65bn
  3. NASD OTC Market CAP Decreased By -0.18% WoW to Close At N514.80bn
  4. NASD OTC Market CAP Increased By 0.01% WoW to Close At N518.99bn
  5. NASD Plc Announces the Appointment of Mr. Kyari A. Bukar as Independent Director
  6. NASD OTC Market CAP Decreased By -1.28% WoW to Close At N519.90bn
  7. NASD OTC Market CAP Increased By 1.98% WoW to Close At N526.65bn
  8. NASD OTC Market CAP Decreased By -0.25% WoW to Close At N516.41bn; Hosts 7th AGM
  9. Bola Ajomale To Speak On NASD and Activities In The Unlisted Securities Market Tomorrow On WebTV
  10. NASD OTC Market CAP Increased By 3.26% WoW to Close At N517.69bn
  11. NASD OTC Securities Exchange Admits the Securities of NEWREST ASL Nigeria Plc on Its Platform
  12. NASD Welcomes RMB Nigeria Stockbrokers Limited
  13. Viability of Crowdfunding as a Source of Capital
  14. Benefits of Crowdfunding as a Source of Capital
  15. NASD OTC Market CAP Decreased By -0.92% WoW to Close At N509.75bn
  16. Benefits of Leveraging on Crowdfunding for MSMEs
  17. NASD OTC Market CAP Records No Movement; Remains At N514.74bn
  18. Crowdfunding: A Viable Capital Raise Solution for Enterprises
  19. Post COVID-19 Pandemic - Funding For MSME: The NASD Enterprise Portal
  20. NASD OTC Market CAP Increased By 0.80% WoW to Close At N512.89bn
  21. NASD OTC Market CAP Records No Movement; Remains At N508.84bn
  22. Portfolio Diversification Opportunity via The NASD OTC Securities Exchange
  23. NASD Successfully Executes Business Continuity Plan (BCP) Amidst COVID-19 Pandemic
  24. NASD OTC Market CAP Increased By 2.14% WoW to Close At N508.76bn


Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.

READ MORE:
Related News
SCROLL TO TOP