Friday September 24, 2021 / 11:45
PM / by NASD Plc/ Header Image Credit: NASD Plc
The Second Review of the compliance of Securities trading on the NASD OTC Securities Exchange to the expected standards of corporate governance for the year 2021 has been completed.
NASD OTC Securities Exchange classification of admitted securities into "Blue Securities" and "Pink Securities" aims to provide the capital market community with information on securities that satisfy general market expectations. We believe that this service will enhance transparency on the inherent value in such companies, improve levels of investor confidence and improve activities on the OTC Market.
OTC Security Categorization Ranking is based upon a disciplined, systematic approach that evaluates each stock on a broad criterion of four distinct categories: Regulatory Compliance, Corporate Governance, Disclosure and Financial performance. This approach attempts to highlights securities that provide investors with relevant information to the investing. Securities with high levels of financial reporting and corporate governance are ranked higher compared to securities with potentially falling compliance with regulatory and capital market expectations.
The issuers have now been reclassified according to their levels of compliance for the year 2021.
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 0.14%. Total volume traded Year-to-Date stands at 1,977,687,557 units in 43 deals and total Value traded is N 16,127,633,376.7.
Week 38 Overview
NASD OTC Securities Exchange Index closed the week on a Positive return on NSI. The NSI return increased by 0.95% to close the week at 742.7 points against 735.72on Friday September 17, 2021.
Week 38 saw NASD Investors gain N6.07 Billion in value. NASD OTC Market capitalization closed at N639.47 Billion compared to N645.54 Billion on Friday, September 17, 2021 resulting from a Positive movement in prices.
There was a 160.39% increase in the total value traded during the week, as week 38 saw NASD Investors trade a total of N617,144,681.3 in value compared to N237,006,827.26 in the previous week. Total trade activity for the year is valued at N16,744,778,058.
Total volume traded during the week was 14,126,364 units compared to 20,997,661 units in the previous week leading to a 32.72% decrease in trade volume compared to week 37. Total volume traded for the year is 1,977,687,557 units.
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.
Top Traded Securities by Values
The week closed with VFD Group PLC ranking top among the five most traded securities by value and Friesland Campina Wamco Nigeria PLC stood as the fifth most traded Security by value for the week.
Advancers for the Week
NASD PLC, which currently holds a Market Capitalization of N4.93 Billion closed the week at N11.11 representing a 55.60 percent increase from the previous close of N7.14.
Niger Delta Exploration & Production PLC, which currently holds a Market Capitalization of N48.98 Billion closed the week at N270.00 representing a 5.89 percent increase from the previous close of N255.00.
Central Securities Clearing Systems PLC, which currently holds a Market Capitalization of N89.95 Billion closed the week at N17.99 representing a 5.82 percent increase from the previous close of N17.00.
Nigerian Exchange Group PLC, which currently holds a Market Capitalization of N25.38 Billion closed the week at N13.36 representing a 4.05 percent increase from the previous close of N12.84.
Decliners for the Week
Nigeria Mortgage Refinance Company PLC, which currently holds a Market Capitalization of N1.11 Billion closed the week at N5.24 representing a 9.97 percent decrease from the previous close of N5.82.
UBN Property PLC, which currently holds a Market Capitalization of N5.06 Million closed the week at N0.90 representing a 9.10 percent decrease from the previous close of N0.99.
Friesland Campina Wamco Nigeria PLC, which currently holds a Market Capitalization of N117.16 Billion closed the week at N120.00 representing a 1.64 percent decrease from the previous close of N122.00.