NASD OTC Market CAP Decreased by -0.99% WoW to Close at N647.85bn

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 Friday August 13, 2021 / 10:58 PM / by NASD Plc/ Header Image Credit:  

 

NASD Plc H1 2021 Review 

NASD PLC had its 2021 Half-Year Market performance review live streamed on Zoom Communications Today, Friday, August 13, 202 1.

 

The session was moderated by Tunji Andrews, Chinwendu Ekeh, Head, Operation & IT, discussed the company's market performance. We also had Zainab Babalola, Head, Legal & Compliance, who gave updates on NASD's market compliance, and lastly, the MD/CEO, Bola Ajomale, discussed the outlook for H2 2021.

 

The Exchange market capitalization rose by 2.9% to close H1 2021 at N754.88 billion compared to N733 billion in H2 2020. We also had three new security admissions - 11 PLC (formerly Mobil Oil), Capital Bancorp, and Nigerian Exchange Group ["NGX"] (formerly Nigerian Stock Exchange). Trading activities from these new additions reflected with an increase in trade value, volume, and deals closing the first half of the year at N7.75 billion, 425 million, and 2,292 respectively, compared to the H2 2020 which closed at N1.3 billion, 88 million, and 295 respectively.

 

Other highlights of discuss and questions includes:

Kindly explain the dematerialization done through NASD. Does it mean routing through CSCS will not occur?

Answer: No, it does not. Dematerialization is done through CSCS and the Registrars. Dematerialization means changing from a physical certificate to a recognized digital ledger. CSCS maintains a ledger of all holdings and enables the market trade them electronically.

 

Shed more light on the planned launch of digital currencies and trading of Cryptocurrencies and ETFs -

Answer: NASD will not trade Digital Currencies and will leave that to the Central bank's power; however, we can tokenize assets and trade digital tokens. An example to this is representing real estate properties in tokenized form for trading. NASD believes that this is the opportunity we should make available to investors. ETF is similar by creating a fund that covers various asset classes to mitigate risks, which is something we would venture into.

 

Does surveillance cover trades?

Answer: Our surveillance covers both trading and legal perspective.

 

What are the measures put in place by NASD to attract more foreign investors into the market?

Answer: The market we run is where we see investors coming in for the long term rather than short position investors that move in and out. People encourage foreign investors to come in, not realizing they do not stay long in the market, making an unstable market. On our end, we see local investors in it for the long term. the OTC market focuses on a providing a much more stable market for growth. Our stand is to position companies to attract investors to invest in these enterprises, advising them on the proper ways to position themselves in the market for these foreign and local investors to buy a chunk of their businesses.

 

The OTC market has proven to be an effective and efficient means by which issuers can raise capital and investors can seek liquidity for their holdings. The period also closed with VFD Group Plc seeking to raise N4,143,341,468 through the issuance of 7,452,053 new share made up of N0.50 kobo each at N556 per share. The simplicity of the solutions provided by NASD is attested to by the recent admission of the new securities to trading on the OTC market within a short period as the market demands.

 

NASD PLC is also pleased to announce the admission of The Infrastructure Bank PLC, It opened to trading on August 2 2021.

 

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 returns increased by 0.50%. Total volume traded Year-to-Date stands at 1,901,752,571 units in 3531 deals and total Value traded is ₦ 14,130,088,516.


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Week 32 Overview 

NASD OTC Securities Exchange Index closed the week on a Negative return on NSI. The NSI return decreased by 0.99% to close the week at 745.36 points against 752.81 on Friday August 06, 2021.

 

Week 32 saw NASD Investors lose N6.47 Billion in value. NASD OTC Market capitalization closed at N647.85 Billion compared to N654.32 Billion on Friday, August 06, 2021, resulting from a Negative movement in prices.

 

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There was a 74.79% decrease in the total value traded during the week, as week 32 saw NASD Investors trade a total of N264,291,906.2 in value compared to N1,048,245,044 in the previous week. Total trade activity for the year is valued at N14,130,088,516.

 

Total volume traded during the week was 37,929,580 units compared to 30,848,496 units in the previous week leading to an 22.95% increase in trade volume compared to week 31. Total volume traded for the year is 1,901,752,571 units.

 

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Top Traded Securities by Volume

 

The week closed with NASD PLC  ranking top among the five most traded securities by volume and Friesland Campina Wamco Nigeria PLC as the fifth most traded stock by volume traded in the week.


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Top Traded Securities by Values 

The week closed with Nigerian Exchange 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.

 


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Advancers for the Week 

NIPCO PLC, which currently holds a Market Capitalization of N14.45 Billion closed the week at N77.00 representing a 10.00 percent increase from the previous close of N70.00.

 

Food Concepts PLC, which currently holds a Market Capitalization of N5.02 Billion closed the week at N0.86 representing a 8.86 percent increase from the previous close of N0.79.

 

Niger Delta Exploration & Production PLC, which currently holds a Market Capitalization of N47.13 Billion closed the week at N259.85 representing a 3.53 percent increase from the previous close of N251.00

 

Nigerian Exchange Group PLC, which currently holds a Market Capitalization of N32.31 Billion closed the week at N17.01 representing a 2.90 percent increase from the previous close of N16.53.

 

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Decliners for the Week 

Central Securities Clearing System PLC, which currently holds a Market Capitalization of N83.90 Billion closed the week at N16.78 representing a 6.78 percent decrease from the previous close of N18.00.

 

Friesland Campina Wamco Nigeria PLC, which currently holds a Market Capitalization of N119.34 Billion closed the week at N122.24 representing a 3.75 percent decrease from the previous close of N127.00.

 

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