Capital Market
NASD OTC Loses Grip on N1 Trillion Mark as Index Slips 5.31%
NASD OTC Securities Exchange has fallen below its historical N1 trillion value after the benchmark index of the market slipped by 5.31% to close last week.
Specifically, the market Cap of the unquoted stocks shed N55.61 billion to settle lower at ₦990.72 Billion following the negative movement in the NASD Securities Index (NSI) that reflects price performance.
The NSI return decreased by 5.31% to close the week at 752.59 points against 794.83 on Friday, June 03, 2022
On Year-to-Date Overview, the market closed on a moderated Positive note YTD as the market recorded an increase in performance.
NASD Security Index Year-to-date returns increased by 1.31%. Total volume traded Year-to-Date stands at 3,163,214,802 units in 1,244 deals and the total Value traded is ₦20,590,871,800.68.
Review of the week 22 shows there was a 7.40% decrease in the total value traded during the week, as week 22 saw NASD Investors trade a total of ₦91,524,738.17 in value compared to ₦98,835,399.00 in the previous week. Total trade activity for the year is valued at ₦20,590,871,800.68.
Total volume traded during the week was 10,254,299 units compared to 8,018,365 units in the previous week leading to a 27.89% increase in trade volume compared to week 21. The total volume traded for the year is 3,163,214,802 units.
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 & Production PLC as the fifth most traded stock by volume traded in the week. Others are represented below:
Top Traded Securities by Values
The week closed with VFD Group PLC ranking top among the five most traded securities by value and Food Concepts PLC stood as the fifth most traded Security by value for the week. Others are represented below:
Top Advancers for the Year
Food Concepts PLC, which currently holds a Market Capitalization of ₦5.84 Billion closed the week at ₦1.00 representing a 7.53 percent increase from the previous close of ₦0.93.
Top Decliners for the Year
Niger Delta Exploration & Production PLC, which currently holds a Market Capitalization of ₦32.65 Billion closed the week at ₦180.00 representing a 20.00 percent decrease from the previous close of ₦225.00
Friesland Campina Wamco Nigeria PLC, which currently holds a Market Capitalization of ₦172.61 Billion closed the week at ₦88.40 representing a 19.64 percent decrease from the previous close of ₦110.00.
UBN Property PLC, which currently holds a Market Capitalization of ₦6.41 Billion closed the week at ₦1.14 representing a 9.52 percent decrease from the previous close of ₦1.26
Central Securities Clearing System PLC, which currently holds a Market Capitalization of ₦80.00 Billion closed the week at ₦16.00 representing a 5.88 percent decrease from the previous close of ₦17.00.
Market Snapshots:
