Friday October 01, 2021 / 02:55
PM / by NASD Plc/ Header Image Credit: NASD Plc
In 2013 NASD PLC was granted the license to operate the Over-The-Counter (OTC) market. The Securities and Exchange Commission (SEC) rule which states that the securities of unlisted public companies can only be traded on an Exchange registered by SEC has given a bolster to the OTC market, creating more liquidity in the capital market as Small and Large Companies can have access to fund raising by listing on the OTC market. The market for trading unlisted public companies has witnessed a significant growth, most recently, a 21% increase in its Market Capitalization from Q4 2020 to Q3 2021. The OTC market is the vantage point where shareholders of unlisted public companies and investors carry out trades.
NASD PLC provides the perfect platform through her Exchange, which has metamorphosed, exploring more possibilities to create liquidity in the capital market and improving the economy through its vast service offerings. We are committed to the economic and social growth of our great nation Nigeria.
On this special Day NASD PLC wishes Nigerians a Happy 61st Independence celebration.
NASD OTC Securities Exchange Market closed on a Negative note YTD as the market recorded a decrease in performance. NASD Security Index Year to date returns decreased by 1.16%. Total volume traded Year-to-Date stands at 11,674,960,698 units in 4414 deals and total Value traded is N 28,994,225,141.21.
Week 39 Overview
NASD OTC Securities Exchange Index closed the week on a Negative return on NSI. The NSI return decreased by 1.30% to close the week at 733.06 points against 742.7 on Friday September 24, 2021.
Week 39 saw NASD Investors lose N8.38 Billion in value. NASD OTC Market capitalization closed at N637.16 Billion compared to N645.54 Billion on Friday, September 24, 2021 resulting from a Negative movement in prices.
There was a 1884.86% increase in the total value traded during the week, as week 39 saw NASD Investors trade a total of N12,249,447,083.21 in value compared to N617,144,681.3 in the previous week. Total trade activity for the year is valued at N28,994,225,141.21.
Total volume traded during the week was 9,697,273,141 units compared to 14,126,364 units in the previous week leading to a 68546.63% increase in trade volume compared to week 38. Total volume traded for the year is 11,674,960,698 units.
Top Traded Securities by Volume
The week closed with Food Concept 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.
Top Traded Securities by Values
The week closed with Food Concept PLC ranking top among the five most traded securities by value and Niger Delta Exploration & Production PLC stood as the fifth most traded Security by value for the week.
Advancers for the Week
Food Concept PLC, which currently holds a Market Capitalization of N5.31 Billion closed the week at N0.91 representing a 21.33 percent increase from the previous close of N0.75.
UBN Property PLC, which currently holds a Market Capitalization of N5.57 Million closed the week at N0.99 representing a 10.00 percent increase from the previous close of N0.90.
Decliners for the Week
Central Securities Clearing Systems PLC, which currently holds a Market Capitalization of N82.50 Billion closed the week at N16.50 representing an 8.28 percent decrease from the previous close of N17.99.
Friesland Campina Wamco Nigeria PLC, which currently holds a Market Capitalization of N115.20 Billion closed the week at N118.00 representing a 1.67 percent decrease from the previous close of N120.00.
Nigerian Exchange Group PLC, which currently holds a Market Capitalization of N25.02 Billion closed the week at N13.17 representing a 1.42 percent decrease from the previous close of N13.36 .
NASD PLC, which currently holds a Market Capitalization of N4.89 Billion closed the week at N11.01 representing a 0.90 percent decrease from the previous close of N11.11.