NASD OTC Market CAP Increased By 1.05% WoW to Close At N528.90bn

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Friday September 18, 2020 / 09:30 PM / by NASD Plc/ Header Image Credit:NASD 


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COVID-19 Impact Series: Food & Agricultural Sector

 

It is known to most if not all that every human has basic needs. These needs are essential for survival. These are food, clothing and shelter. This article is aimed at the first one mentioned as it would be discussing the impact of the global pandemic on the agricultural sector. There are key areas that have been influenced by the virus outbreak. Thus, they would be discussed below.

 

The global economy during this very turbulent time has witnessed a rapid decline in growth. This has led to reduced incomes and consumer budget constraints. Consequently, the sales from food and agricultural produce have been declining from the last quarter of 2019. This is concerning the values pre-pandemic. This situation has to be treated with much attention to preventing a global food emergency or famine. So it should come as no surprise when the respective governments of the world make exceptions for this sector in terms of the restrictions.

 

The current climate has forced the laying off of workers within the industry, especially the firms that are majorly labour-intensive. With this situation, one should expect an increase in unemployment and eventually productivity. For instance, a nation like Nigeria would be hampered significantly as this sector provides numerous jobs and employment opportunities for the existing labour force. This is why the governments of those economies lacking industrialization in the agricultural sector should look into creating and implementing policies that will better the situation to prevent this from happening in the future.

 

Another point of note is the increase in global food prices. This can be attributed to panic buying as a result of the virus outbreak by the individuals who can afford it. Therefore, to maximize their productivity, they will increase their prices as food is essential for survival. According to reports, there would be an increase in prices particularly for vegetable oils and dairy products. However, the opposite is expected for meat and rice. Unfortunately, the United Nations has projected an increase in the number of people living below the poverty line - as they cannot afford their personal feeding daily.

 

This sector is not an island as it depends on other sectors to complete its process to reach final consumers. An important one is the transportation sector. Due to the current situation, agricultural companies have had to shorten their supply chains and increase the efficiency in their storage systems. Also, there have been local logistical problems experienced by the stakeholders in the industry. This has caused delay or loss of produce as a result of ineffective transportation techniques, this is as a result of the restrictions placed on travel and transport which has limited the movement of people and commodities from one place to another.


Overall, a lot of responsibility falls on the Ministries of Agriculture in all countries as well as international organisations like the Committee on Food Security (CFS). These institutions listed above should try to encourage the re-orientation of food systems and the transportation of produce. On the part of the Nigerian economy, these policies will reduce her dependence on imports of food and agricultural produce. This would serve as measures to improve their capacity to respond amidst uncertain periods like this.


As solution providers, NASD will continue to encourage investments into the various sectors - including the agricultural sector through the NASD Enterprise Portal and NASD Venture Ramp. This will go a long way to aid a seamless flow of investment among several Industries, including the Agricultural Sector as this is vital to the growth and development of the Nigerian Economy. Eventually, this would promote the growth and development of the Nigerian economy.

 

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 return rose by 3.22%. Total volume traded Year-to-Date stands at 7,826,798,292 units in 1146 deals and total Value traded is N10,855,916,173.39.


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Week 38 Overview

 

NASD OTC Securities Exchange closed the week with a positive return on NSI. The NSI return rose by 1.05% to close the week at 720.02 points against 712.54 points against preceding Friday, September 11 2020.

 

In addition, Week 38 saw NASD Investors gain N5.49 Billion in value. NASD OTC Market capitalization closed at N528.90 Billion compared to N524.64 Billion in the preceding Friday, resulting from a negative movement of prices.

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There was a 381.83% increase in the total value traded during the week as week 38 saw NASD Investors trade a total of N108,401,095.98 in value compared to N22,437,218.20 in the previous week. Total trade activity for the year is valued at N10,855,916,173.39.

 

In the same pattern, volume traded during the week was 3,246,505.00 units compared to 640,354.00 units in the previous week leading to a 406.99% increase in trade volume compared to week 37. Total volume traded for the year is 7,826,798,292 units.


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Top Traded Securities by Volume

 

The week closed with Central Securities Clearing System Plc ranking top among five most traded securities by volume and FrieslandCampina Wamco Nigeria Plc as the fifth most traded stock by volume in week 38.


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Top Traded Securities by Values

 

The week closed with Nipco Plc ranking top among five most traded securities by value and Famad Nigeria Plc stood as the fifth most traded Security by Value for the week.


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Advancers for the week

 

Two of NASD OTC stocks closed the week with a positive movement in price. FrieslandCampina Wamco Nigeria Plc, which currently holds a Market Capitalization of N127.22 Billion closes the week at N130.31 representing a 4.25 percent increase from the previous close of N125.

 

Nipco Plc, which currently holds a Market Capitalization of N932.71 Billion closes the week at N70 representing a 7.18 percent increase from the previous close of N65.31.


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Decliners for the Week

 

Two of NASD OTC stocks closed the week with a negative movement in price. Afriland Properties Plc, which currently holds a Market Capitalization of N2.06 Billion closes the week at N1.5 representing a -9.64 percent decrease from the previous close of N1.66.

 

Central Securities Clearing System Plc, which currently holds a Market Capitalization of N67.50 Billion closes the week at N13.5 representing a -0.52 percent decrease from the previous close of N13.57.


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