NASD OTC Market CAP Decreased By -2.73% WoW to Close at N534.74bn

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 Friday May 28 2021 / 06:45 PM / by NASD Plc/ Header Image Credit:  NASD Plc

 

NASDEP

In the investment space, erroneous or incomplete data provided by businesses seeking financing has been a big concern for Venture Capitalists, Accredited Investors, and Private Equity firms in Nigeria. Secondly, finding the right investor has also proven to be difficult in cases where these businesses have accurate data on their business performance.

 

NASD Enterprise Portal ["NASDEP"] was launched to address these issues. NASDEP creates a transparent way Investors can get matched to enterprises looking to scale. NASDEP collates accurate information on these enterprises, presenting such information to pre-screened investors who will provide crucial capital and guidance to these enterprises.

 

If you would like to raise capital through the NASDEP portal, reach out to the NASD Team for guidance. Furthermore, if you are an investor looking for investment opportunities in various industries in Nigeria, reach out to the NASD Team for more information.

 

In the process of raising capital, both parties transact through the Due Diligence Analyst ["DDA"].

The DDA could be legal practitioner, accountant, financial advisor brought by NASD or both parties, However the DDA must be registered to broker deals on NASDEP. Click here for more information on how to register.

 

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 1.43%. Total volume traded Year-to-Date stands at  356,102,087 units in 1874 deals and total Value traded is N7,853,927,140.


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Week 21 Overview

NASD OTC Securities Exchange Index closed the week with a Negative return on NSI. The NSI return decreased by 2.73% to close the week at 752.3 points against 773.39 on Friday May 21, 2021.

 

In addition, Week 21 saw NASD Investors lose N15 Billion in value. NASD OTC Market capitalization closed at N534.74 Billion compared to N549.74 Billion on Friday, May 21, 2021, resulting from a Negative movement in prices.

 

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There was a 2.33% increase in the total value traded during the week, as week 21 saw NASD Investors trade a total of N744,313,468 in value compared to N727,345,813 in the previous week. Total trade activity for the year is valued at N7,853,927,140.

 

Total volume traded during the week was 24,815,257 units compared to 33,678,532 units in the previous week leading to a 26.32% decrease in trade volume compared to week 20. Total volume traded for the year is 356,102,087 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 Niger Delta Exploration & Production 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 Lighthouse Financial Services PLC stood as the fifth most traded Security by value for the week.

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Advancers for the Week

The NASD OTC Exchange recorded no Advancers as the Bears held their ground firmly through the week 21.

 

Decliners for the Week

Nigerian Exchange Group PLC, which currently holds a Market Capitalization of N40.22 Billion closed the week at N21.17 representing a 9.60 percent decrease from the previous close of N23.42.

 

FrieslandCampina Wamco PLC, which currently holds a Market Capitalization of N118.36 Billion closed the week at N121.23 representing a 9.45 percent decrease from the previous close of N133.88.

 

Niger Delta Exploration & Production PLC, which currently holds a Market Capitalization of N53.05 Billion closed the week at N292.48 representing a 3.15 percent decrease from the previous close of N302.01.

 

Central Securities and Clearing System PLC, which currently holds a Market Capitalization of N87.65 Billion closed the week at N17.53 representing a 0.40 percent decrease from the previous close of N17.60.


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