NASD OTC year to date returns print 1.28% in red

NASD OTC Securities Exchange Market closed on a negative note year-to-date (YTD) as the market recorded a decrease in performance in week 49, forcing the NASD Security Index (NSI) to print 1.28% in red.

Data obtained by Business Metrics showed that since the start of the year, investors trading in unquoted securities at the market have traded 12.822 billion units of shares worth ₦30.213 billion in 4,907 transactions.

Meanwhile, investors recorded fresh lost last week at the market following negative movement in prices which further dragged down the benchmark index and market valuation.

Specifically, the NSI surmounted to bear pressure by falling 1.78% to close the week at 732.15 points against 745.44 on Friday December 3, 2021.

Consequently, NASD Investors lost ₦10.98 billion in their investment value. Thus, market capitalization closed at ₦604.88 billion compared to ₦615.86 Billion the previous week.

However, the bearish outlook did not reflect on turnover for the week as investors revved up sales leading to 85.33% increase in the total value traded during the week, as week 49 saw NASD Investors trade a total of ₦155.768 million in value compared to ₦84.051millionin the previous week.

On the flip side, total volume traded during the week was 6,571,340 units compared to 23,358,261 units in the previous week leading to a 71.87% decrease in trade volume compared to week 48.

Top Traded Securities by Volume

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

Top Traded Securities by Values

The week closed with Central Securities Clearing System PLC ranking top among the five most traded securities by value and Niger Delta Exploration & Production PLC stood as the fifth most traded Security by value for the week.