NASD OTC Market CAP Decreased By -3.50% WoW to Close at N530.40bn

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 Friday June 11, 2021 / 07:34 PM / by NASD Plc/ Header Image Credit:  NASD Plc

 

The effects of the global lockdown in early 2020 cannot be overemphasized as we saw businesses shut down due to either operational inability or lack of demand to services they offer. NASD's approach post lockdown to accelerating growth and enabling innovation was to create a platform that ensures a smooth and transparent way for these businesses or enterprises to raise capital.

 

Venture Ramp which is a crowdfunding portal was created to give these enterprises a way to raise capital from numerous donors. For anyone looking to raise capital for businesses, projects, causes or any reasons whatsoever, NASD fully assures that its crowdfunding platform VentureRamp can accommodate that need.

 

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 0.61%. Total volume traded Year-to-Date stands at  383,544,271 units in 2228 deals and total Value traded is N8,376,838,339.


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Week 23 Overview 

NASD OTC Securities Exchange Index closed the week with a Negative return on NSI. The NSI return decreased by 3.50% to close the week at 746.19 points against 773.22 on Friday June 4, 2021.

 

In addition, Week 23 saw NASD Investors lose N18.78 Billion in value. NASD OTC Market capitalization closed at N530.4 Billion compared to N549.61 Billion on Friday, June 4, 2021, resulting from a Negative movement in prices.


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There was a 35.66% increase in the total value traded during the week, as week 23 saw NASD Investors trade a total of N301,020,636 in value compared to N221,890,563 in the previous week. Total trade activity for the year is valued at N8,376,838,339.

 

Total volume traded during the week was 14,988,016 units compared to 12,454,168 units in the previous week leading to a 20.35% increase in trade volume compared to week 22. Total volume traded for the year is 383,544,271 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 UBN Property 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 NIPCO 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 23.

 

Decliners for the Week 

FrieslandCampina Wamco PLC, which currently holds a Market Capitalization of N113.42 Billion closed the week at N116.17 representing a 9.59 percent decrease from the previous close of N128.50.

 

Niger Delta Exploration & Production PLC, which currently holds a Market Capitalization of N50.73 Billion closed the week at N279.69 representing a 6.77 percent decrease from the previous close of N300.00.

 

NIPCO PLC, which currently holds a Market Capitalization of N13.13 Billion closed the week at N70.00 representing a 5.02 percent decrease from the previous close of N73.70.

 

Nigerian Exchange Group PLC, which currently holds a Market Capitalization of N37.79 Billion closed the week at N19.89 representing a 4.37 percent decrease from the previous close of N20.80.

 

Central Securities and Clearing System PLC, which currently holds a Market Capitalization of N90.00 Billion closed the week at N18.00 representing a 3.02 percent decrease from the previous close of N18.56.


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 Proshare Nigeria Pvt. Ltd.

 

 Proshare Nigeria Pvt. Ltd.

 

 

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