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NASD Unquoted stocks see 42,570% rise in weekly turnover

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NASD unquoted stocks

Trading activities at the NASD OTC unquoted stock market received significant boost in terms of volume and value traded last week as massive investors’ interest in the shares of Central Securities Clearing System propelled the turnover.

Specifically, the third trading week of the year at NASD saw a total of 653,778,522 units compared to 1,057,091 units in the previous week leading to a 61746.95 per cent increase in trade volume compared the previous week. The total volume traded for the year is 654,892,560 units.

Similarly, the traded value soared significantly by 42,570.66 per cent to ₦14.065 billion compared to ₦32.963 million previously. Meanwhile, trade activity for the year is valued at ₦14.1 billion.

Week 3 Overview

NASD OTC Securities Exchange Index closed the week on a Negative return on NSI. The NSI return decreased by 0.73 per cent to close the week at 744.54 points against 750.02 on Friday January 14, 2022.

The third trading week of the year saw NASD Investors lose ₦4.64 billion in value. NASD OTC Market capitalization closed at ₦630.46 Billion compared to ₦635.10 billion on Friday, January 14, 2022, resulting from a negative movement in prices.

Top Traded Securities by Volume

The week closed with Central Securities Clearing System Plc ranking top among the five most traded securities by volume with 652,620,072 units, and Niger Delta Exploration & Production Plc as the fifth most traded stock by volume traded in the week with 28,000 units

Top Traded Securities by Values

Central Securities Clearing System Plc also close the week ranking top among the five most traded securities by value with N13.704 billion while NIPCO Plc stood as the fifth most traded Security by value for the week with N2.807 million.

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