12, 2020 / 9:45 AM / by NASD Plc / Header Image Credit: NASD Plc
NASD OTC Securities Exchange welcomes NEWREST ASL Nigeria Plc to its trading platform. NEWREST ASL was introduced by APT Securities Limited on the 11th of June 2020 via Security Admission. Shareholders of NEWREST ASL Nigeria PLC are therefore informed that their shares are admitted and eligible to trade on the NASD OTC Exchange.
On behalf of the Board and entire staff of NASD Plc, we congratulate NEWREST ASL on the accomplishment of this milestone.
This week we shall be wrapping up our series on Crowdfunding which commenced six weeks ago. We commenced the series on crowdfunding to better intimate stakeholders with the concept of crowdfunding among other pertinent issues relating to Crowdfunding. Over the course of the series we discussed the following:
NASD in its capacity as an Exchange continues to facilitate capital raise across various sectors within the Nigerian economy and Africa in extension. We believe that crowdfunding would provide an alternative capital raise avenue and a viable platform to stimulate investment flows into enterprises in Nigeria, especially MSMEs who have historically experienced difficulty in accessing funds for sustenance and expansion of operations.
NASD OTC Securities Exchange Market closed on a negative note this week, as the market recorded a decrease in performance. NASD Security Index Year to date return fell by -2.16%. Total volume traded Year-to-Date stands at 7,791,099,074 units in 638 deals and total Value traded is â‚¦ 10,058,374,373.43
Week 24 Overview
NASD OTC Securities Exchange closed the week with a negative return in NSI. The NSI return fell by -1.43% to close the week at 682.49 points against 692.38 points in the preceding Friday, June 05 2020.
In addition, Week 24 saw NASD Investors lose â‚¦7.26 Billion in value. NASD OTC Market capitalization closed at â‚¦501.34 Billion compared to â‚¦508.60 Billion in the preceding Friday, resulting from a negative movement of prices.
There was a -55.41% decrease in the total value traded during the week as week 24 saw NASD Investors trade a total of â‚¦43.65,251,685.00 in value compared to â‚¦146,324,982.3 in the previous week. Total trade activity for the year is valued at â‚¦10,058,374,373.43 .
In the same pattern, volume traded during the week was 398,800.00 units compared to 2,077,013 units in the previous week leading to a -80.80% decrease in trade volume compared to week 23. Total volume traded for the year is 7,791,099,074 units.
Top Traded Securities by
The week closed with Niger Delta Exploration and Production Plc Ranking top among three most traded securities by volume and Central Securities Clearing System Plc as the least traded among the three most traded in week 24.
Top Traded Securities by Values
The week closed with Niger Delta Exploration and Production Plc ranking top among top three most traded securities by value and Central Securities Clearing System Plc as the least traded among the three most traded securities by value in week 24.
Advancers in the week
The Nasd OTC Securities Exchange closed the 24th week with no security gaining in Market Capitalisation.
A Big Stock Declines!
Two of NASD OTC big stocks close the week with a negative movement in price. Central Securities Clearing System Plc which currently holds a Market Capitalization of â‚¦65.25 Billion closes the week at â‚¦13.05 representing a -3.33 percent decrease from the previous close of â‚¦13.5.
Niger Delta Exploration and Production Plc which currently holds a Market Capitalization of â‚¦49.40 Billion closes the week at â‚¦272.35 representing a -9.22 percent decrease from the previous close of â‚¦300.