Friday December 11, 2020 / 10:23 PM / by NASD Plc/ Header Image Credit: NASD Plc
SEC & NASS House Committee on Capital Market Visit to NASD PLC
NASD PLC held a Capital Market invent on Wednesday December 10, 2020 which hosted members of the Securities Exchange Commission (SEC) and the National House of Assembly (NHA).
NASD PLC was introduced to the House committee and the discussion was focused on the following:
The role of NASD as the central infrastructure bridging investor and issuer
Prospective Ventures 2021
1. Open Commercial Paper
2. Addition of Sub-Broker
3. Guidelines for Dealers
4. Equity Crowd Funding
5. NASD Private Market
6. Digital Currency
Significant Rules and RegulationsRules and Regulations of the OTC Market
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 5.19%. Total volume traded Year-to-Date stands at 7,920,715,252 units in 1461 deals and total Value traded is N12,555,317,549.28.
Week 50 Overview
NASD OTC Securities Exchange closed the week with a positive return on NSI. The NSI return rose by 1.98% to close the week at 733.77 points against 719.53 points on the preceding Friday, December 04 2020.
In addition, Week 50 saw NASD Investors gain N10.58 Billion in value. NASD OTC Market capitalization closed at N545.41 Billion compared to N534.83 Billion in the preceding Friday, resulting from a positive movement of prices.
There was a -23.34% decrease in the total value traded during the week as week 50 saw NASD Investors trade a total of N266,740,229.25 in value compared to N347,961,169.00 in the previous week. Total trade activity for the year is valued at N12,555,317,549.28.
Total volume traded during the week was 6,456,444.00 units compared to 1,464,671.00 units in the previous week leading to a 340.81% increase in trade volume compared to week 49. Total volume traded for the year is 7,920,715,252 units.
Top Traded Securities by Volume
The week closed with Central Securities Clearing System Plc ranking top among the five most traded securities by volume and Afriland Properties Plc as the fifth most traded stock by volume traded in the week.
Top Traded Securities by Values
The week closed with Nipco Plc ranking top among the five most traded securities by value and Afriland Properties Plc stood as the fifth most traded Security by value for the week.
Advancers for the Week
Four of NASD OTC Stocks closed the week with a significant increase in value.
Nipco Plc, which currently holds a Market Capitalization of N12.76 Billion closes the week at N68 representing a 9.68 percent increase from the previous close of N62.
Central Securities Clearing System Plc, which currently holds a Market Capitalization of N77.00 Billion closes the week at N140 representing a 6.21 percent increase from the previous close of N135.36.
Niger Delta Exploration and Production Plc, which currently holds a Market Capitalization of N56.59 Billion closes the week at N311.94 representing a 3.72 percent
increase from the previous close of N300.76.
FrieslandCampina Wamco Nigeria Plc, which currently holds a Market Capitalization of N131.08 Billion closes the week at N135 representing a 2.27 percent increase from the previous close of N132.
Decliners for the Week
There were no decliners in the week.