NASD PLC Announces Migration to New Trading Platform

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Saturday November 21, 2020 / 07:20 AM / by NASD Plc/ Header Image Credit:  NASD Plc



NASD Plc is pleased to advise all stakeholders that the NASD OTC Securities Exchange will migrate to a new trading platform "NASD Electronic Trading System: N-ETS".

 

From Monday November 23, 2020, Participants will no longer be able to access the legacy system Bi-lateral Interdealer Trading System (BiTS). All relevant information on BiTS will from that date only be available on N-ETS.

 

The NASD Electronic Trading System brings more functionalities to ensure a more efficient trading experience for market participants and enables trading of new asset classes which erstwhile were not available OTC market.

 

Specifically, the platform provides:

  • Automated matching engine
  • Multi Securities Support
  • Order and Quote market models
  • Order Management gateway & routing support
  • Centralized order management
  • Secure Data Interchange
  • Standard Messaging for Market Data OMS
  • User Friendly Interface

 

During October 2020, NASD facilitated a series of training sessions for market participants to acquaint them with the capacity and functionalities of the new trading platform.  All participants who attended the training sessions will automatically be migrated to the new platform.  Any participants who have not attended the training sessions will be required to do so before they can access N-ETS. 

 

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 5.59%. Total volume traded Year-to-Date stands at 7,911,431,360 units in 1368 deals and total Value traded is N 11,877,670,968.73.


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Week 47 Overview

 

NASD OTC Securities Exchange closed the week with a positive return on NSI. The NSI return rose by 1.44% to close the week at 736.53 points against 726.04 points on the preceding Friday, November 13 2020.

 

In addition, Week 47 saw NASD Investors gain N14.13 Billion in value. NASD OTC Market capitalization closed at N547.46 Billion compared to N533.3 Billion in the preceding Friday, resulting from a positive movement of prices.

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There was a -21.88% decrease in the total value traded during the week as week 47 saw NASD Investors trade a total of N50,521,182.55 in value compared to N64,668,390.80 in the previous week. Total trade activity for the year is valued at N11,877,670,968.73.

 

Total volume traded during the week was 32,455,354.00 units compared to 5,236,962.00 units in the previous week leading to a 519.74% increase in trade volume compared to week 46. Total volume traded for the year is 7,911,431,360 units.

 

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Top Traded Securities by Volume

 

The week closed with Food Concepts Plc ranking top among the five most traded securities by volume and Niger Delta Exploration and 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 Food Concepts Plc ranking top among the five most traded securities by value and FrieslandCampina Wamco 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 significant rise in value. Central Securities Clearing System Plc, which currently holds a Market Capitalization of N72.90 Billion closes the week at N14.58 representing a 7.92 percent increase from the previous close of N13.51.

 

Niger Delta Exploration and Production Plc, which currently holds a Market Capitalization of N58.98 Billion closes the week at N325.15representing a 4.85 percent increase from the previous close of N310.12.

 

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Decliners for the Week

 

One of NASD OTC Securities closed the week with a significant drop in value. Firsttrust Mortgage Bank Pl, which currently holds a Market Capitalization of N2.66 Billion closes the week at N0.57 representing a -9.52 percent decrease from the previous close of N0.63.


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