NASD OTC Market CAP Increased By 1.53% WoW to Close at N545.50bn, Admits NGX Group

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Friday April 16, 2021 / 10:20 PM / by NASD Plc/ Header Image Credit:  NASD Plc

 

Announcing SDNGXGROUP

NASD is pleased to announce the Admission of the shares of the newly minted holding company of the Nigerian Stock exchange - Nigerian Exchange PLC ["NGX"] to the OTC market.

 

NGX recently distributed 1,964,115,918 ordinary shares of 50 kobo each to over 200 dealing members and additional Ordinary members.  Nigeria’s capital market rules require all Public Securities to be registered with the Securities and Exchange Commission ["SEC"].  SEC in turn codified a rule on Trading public Unlisted Securities in 2014 which declared that only transactions executed on public (SEC registered) platforms are valid. In line with these rules and in support of enabling liquidity in the market, NASD OTC provides the perfect landing platform for the 60-year-old company that has spent approximately 10 years in its demutualisation exercise.

 

In a post-admission question and answer session help on 16 April 2021, a key question was :

 

Why would the shares of NGX be traded on NASD?.

The Managing Director of NASD [- Mr Bola Ajomale explained "NASD provides an orderly, lightly regulated and transparent environment with structure and experienced traders.  The market delivers on the basis of easy onboarding and withdrawal of securities into and out of the market space and the code for NGX - SDNGXGROUP was created at the depository within a 48-hour period.  We are pleased to be able to do our part in deepening the capital market by expressing our mandate of Creating liquidity... transparently"


To follow the progress of this security, kindly click on the link here

 

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 3.47%. Total volume traded Year-to-Date stands at 54,550,187 units in 531 deals and total Value traded is ₦1,772,665,370.73.

 


 

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Week 15 Overview

NASD OTC Securities Exchange Index closed the week with a Positive return on NSI. The NSI return increased by 1.53% to close the week at 767.43 points against 755.84 Friday April 9, 2021.

 

In addition, Week 15 saw NASD Investors gain N8.24 Billion in value. NASD OTC Market capitalization closed at N545.50 Billion compared to N537.26 Billion on Friday, April 09, 2021, resulting from a Positive movement of prices.


 

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There was a 329.38% increase in the total value traded during the week, as week 15 saw NASD Investors trade a total of N281,718,496.42 in value compared to N65,610,330.00 in the previous week. Total trade activity for the year is valued at N1,772,665,370.73.


Total volume traded during the week was 12,853,465.00 units compared to 366,957 units in the previous week leading to a 3402.72% increase in trade volume compared to week 14. Total volume traded for the year is 54,550,187 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 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 Air Liquide Nigeria Plc stood as the fifth most traded Security by value for the week.

 

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Advancers for the Week

 

VFD Group PLC, which currently holds a Market Capitalization of N30.66 Billion closed the week at N361.82 representing a 21.00 percent increase from the previous close of N299.02.

 

Afriland Properties PLC, which currently holds a Market Capitalization of N1.78 Billion closed the week at N1.30 representing a 3.17 percent increase from the previous close of N1.26.

 

FrieslandCampina Wamco PLC, which currently holds a Market Capitalization of N126.92 Billion closed the week at N130.00 representing a 2.36 percent increase from the previous close of N127.00.

 

 

Central Securities Clearing System PLC, which currently holds a Market Capitalization of N80.15 Billion closed the week at N16.03 representing a 0.18 percent increase from the previous close of N16.00.


 

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Decliners for the Week

 

GEO Fluid Plc, which currently holds a Market Capitalization of N2.98 Billion closed the week at N0.70 representing an 6.66 percent decrease from the previous close of N0.75.

 


 

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