NASD Welcomes RMB Nigeria Stockbrokers Limited

Friday, June 05, 2020  10:30 PM / by NASD Plc/ Header Image Credit:  EcoGraphics

We are pleased to inform our esteemed stakeholders of the recent introduction of RMB Nigeria Stockbrokers Limited unto the NASD Over-The-Counter [OTC] Securities Exchange. RMB was inducted on June 2, 2020 unto our platform to act as a Broker/Dealer.

Irrespective of the existing limitations to businesses caused by the pandemic, we have been able to successfully welcome RMB into our community of over 200 stockbrokers by actively leveraging technology to ensure a seamless continuity of our business operation on the OTC market.

In furtherance of our objective to deepen the Nigerian Capital Market, we look forward to a fruitful partnership with RMB Nigeria Stockbrokers Limited.

Year-to-Date Overview 

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 -0.74%. Total volume traded Year-to-Date stands at 7,790,700,274 units in 624 deals and total Value traded is N9,993,122,688.43.

Week 23 Overview 

NASD OTC Securities Exchange closed the week with a positive return in NSI. The NSI return rose by 0.13% to close the week at 692.38 points against 691.46 points in the preceding Friday, May 29 2020.

In addition, Week 23 saw NASD Investors gain N0.68 Billion in value. NASD OTC Market capitalization closed at N508.60 Billion compared to N507.92 Billion in the preceding Friday, resulting from a positive movement of prices.

There was a -93.87% decrease in the total value traded during the week as week 23 saw NASD Investors trade a total of N146,324,982.30 in value compared to N2,387,470,722.25 in the previous week. Total trade activity for the year is valued at N9,993,122,688.43.

In the same pattern, volume traded during the week was 2,077,013 units compared to  170,282,375.00 units in the previous week leading to a -98.78% decrease in trade volume compared to week 22. Total volume traded for the year is 7,788,623,261 units.

Top Traded Securities by Volume 

The week closed with Central Securities clearing System Plc Ranking top among top among five most traded securities by volume and Nipco Plc as the least traded among the five most traded in week 23.

Top Traded Securities by Values 

The week closed with Niger Delta Exploration and Production Plc ranking top among top five most traded securities by value and Nipco Plc as the least traded among the five most traded securities by value in week 23.

Guess The Advancers! 

One of NASD OTC big stocks closes the week with a positive increase in value. Niger Delta Exploration and Production Plc, which currently holds a Market Capitalization of N54..42 Billion closes the week at N300 representing a 1.74 percent increase from the previous close of N294.88.

A Big Stock Declines! 

One 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 N67.50 Billion closes the week at N13.5 representing a -0.37 percent decrease from the previous close of N13.55.

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