NASD OTC Market CAP Increased by 0.40% WoW to Close at N641.34bn

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 Friday September 10, 2021 / 08:43 PM / by NASD Plc/ Header Image Credit:  

 

NASD focuses on ensuring an orderly and transparent market for public limited company shares to be traded in an orderly and transparent market. NASD can also, by its structure and rules open securities to trade within 24-48 hours with its primary requirement being that the Securities is registered with the Securities and Exchange Commission (SEC) and has some history behind it.

 

The OTC platform has been created for securities that are not admitted on any other public platform. it creates opportunities for Investors to trade – exit investments before it can be traded on any other exchange.

 

NASD PLC is a self-regulated organization licensed by the SEC to operate an OTC Securities Exchange Market however, NASD provides a vast range of services such as, NASD Enterprise Portal (NASDEP) which is designed to ease the capital raising process for high growth companies while further offering accredited Investor's access to high yield potential investments.

 

NASD Private Market provides space for shareholders of private companies to exchange shares transparently.

 

NASD VentureRamp a crowdfunding platform that exists to help enterprises, and individuals raise funds for projects and other needs.

 

Our market structure enables flexibility to create liquidity not just for pre and post listed shares, but also restricted shares in the market.

 

NASD ensures more admissions on its exchange, promising to create more liquidity for investors and engage in more beneficial transactions/collaborations with other capital market operators.

 

Year-to-Date Overview 

NASD OTC Securities Exchange Market closed on a negative note YTD as the market recorded a decrease in performance. NASD Security Index Year to date returns decreased by 0.51%. Total volume traded Year-to-Date stands at  1,942,813,532 units in 3964 deals and total Value traded is N 15,896,876,549.44.

 


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Week 36 Overview 

NASD OTC Securities Exchange Index closed the week on a Positive return on NSI. The NSI return increased by 0.40% to close the week at 737.87 points against 734.9 on Friday September 03, 2021.

 

Week 36 saw NASD Investors gain N2.59 Billion in value. NASD OTC Market capitalization closed at N641.34 Billion compared to N638.75 Billion on Friday, September 03, 2021 resulting from a Positive movement in prices.



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There was a 1061.57% increase in the total value traded during the week, as week 36 saw NASD Investors trade a total of N1,108,465,340.07 in value compared to N95,427,860.4 in the previous week. Total trade activity for the year is valued at N15,896,876,549.44.

 

Total volume traded during the week was  10,264,684.00 units compared to 6,040,208 units in the previous week leading to a 69.94% increase in trade volume compared to week 35. Total volume traded for the year is 1,942,813,532 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 Food Concepts 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 VFD Group PLC ranking top among the five most traded securities by value and NASD PLC stood as the fifth most traded Security by value for the week.


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Advancers for the Week 

NASD PLC, which currently holds a Market Capitalization of N119.62 Billion closed the week at N5.10 representing a 45.71 percent increase from the previous close of N3.50.

 

Central Securities Clearing System PLC, which currently holds a Market Capitalization of N80.85 Billion closed the week at N17.00 representing a 5.13 percent increase from the previous close of N16.17.


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Decliners for the Week 

Food Concepts PLC, which currently holds a Market Capitalization of N4.67 Billion closed the week at N0.80 representing a 6.98 percent decrease from the previous close of N0.86.

 

Nigerian Exchange Group PLC, which currently holds a Market Capitalization of N30.78 Billion closed the week at N16.20 representing a 1.52 percent decrease from the previous close of N16.45.

 

Friesland Campina Wamco Nigeria PLC, which currently holds a Market Capitalization of N118.18 Billion closed the week at N121.05 representing a 1.20 percent increase from the previous close of N122.52.

 


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