NASD OTC Market CAP Increased By 1.16% WoW to Close at N536.52bn

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 Friday June 25, 2021 / 07:13 PM / by NASD Plc/ Header Image Credit:  NASD Plc

 

Pursuant to the recently concluded AGM, The MD, Mr. Bola Ajomale in an interview with Arise TV hinted on the direction of the NASD OTC Securities Exchange in 2021. Referencing our mission to enable economic development in Africa through consistent innovation, the OTC market intends to fill a gap in the digital currency space. It should be noted that we do not intend to deal with cryptocurrencies as it is not appropriate, however, digital currencies offer a wider range of products/services that is appropriate for the OTC market.

 

For more details on this exclusive interview, Watch Video Below:

https://youtu.be/lgjEbBunKLU

 

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 1.77%. Total volume traded Year-to-Date stands at  410,023,932 units in 2498 deals and total Value traded is N8,893,469,434.

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Week 25 Overview

NASD OTC Securities Exchange Index closed the week with a Positive return on NSI. The NSI return increased by 1.16% to close the week at 754.81.12 points against 746.12 on Friday June 18, 2021.

 

In addition, Week 25 saw NASD Investors gain N6.17 Billion in value. NASD OTC Market capitalization closed at N536.52 Billion compared to N530.35 Billion on Friday, June 18, 2021, resulting from a Positive movement in prices.


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There was a 14.87% increase in the total value traded during the week, as week 25 saw NASD Investors trade a total of N276,194,759 in value compared to N240,436,336 in the previous week. Total trade activity for the year is valued at N8,893,469,434.

 

Total volume traded during the week was 14,643,633 units compared to 11,836,028 units in the previous week leading to a 23.72% increase in trade volume compared to week 24. Total volume traded for the year is 410,023,932 units.

 

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Top Traded Securities by Volume

The week closed with Nigerian Exchange Group PLC  ranking top among the five most traded securities by volume and UBN Property 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 Niger Delta Exploration & Production PLC stood as the fifth most traded Security by value for the week.


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Advancers for the Week

Friesland Campina Wamco Nigeria PLC, which currently holds a Market Capitalization of N117.16 Billion closed the week at N120.00 representing a 3.29 percent increase from the previous close of N116.17.

 

Central Securities and Clearing System PLC, which currently holds a Market Capitalization of N92.50 Billion closed the week at N18.50 representing a 2.83 percent increase from the previous close of N17.99.

 

UBN Properties PLC, which currently holds a Market Capitalization of N6.63 Billion closed the week at N1.18 representing a 0.85 percent increase from the previous close of N1.17.

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Decliners for the Week

Nigerian Exchange Group PLC, which currently holds a Market Capitalization of N34.04 Billion closed the week at N17.92 representing a 7.05 percent decrease from the previous close of N19.28.


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