Value of NASD OTC Exchange surges to N655.45bn, as NGX drops by 1.3%

Total value of the NASD Over-the-Counter (OTC) Securities Exchange surged to N655.45 billion at the end last week trading of the year from the N529.12 billion reported the previous week.

All through trading last week, market capitalisation of the NASD OTC Exchange jumped by N6.16 billion. Similarly, the NASD OTC Security Exchange Index (NSI) increased by 1.3 per cent or 9.72 points to close the week at 754.11 points as against 744.39 points of the preceding week.

Business Post reports seven securities appreciated in price during the week with Newrest ASL Nigeria Plc rising by 10.00 per cent to settle at N11.00 per share compared with the previous N10.00 per share.

Afriland Properties Plc gained 8.00 per cent to finish at N1.35 per unit versus the previous N1.25 per unit, Central Securities and Clearing System (CSCS) Plc rose by 7.10 per cent to end at N18.20 per share in contrast to N16.99 per share it closed a week earlier, while 11 Plc appreciated by 6.9 per cent to trade at N230.00 per unit compared with N215.00 per unit of the earlier week.

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Also, Food Concepts Plc improved by 5.0 per cent to sell for 84 kobo per share as against the preceding week’s 80 kobo per share, VFD Group Plc gained 2.4 per cent to trade at N361.82 per unit compared with the previous week’s rate of N353.31 per unit, while Friesland Campina WAMCO Nigeria Plc went up by 0.5 per cent to N120.63 per share in contrast to N120 per share of the previous week.

In the week, the market witnessed three price decliners led by UBN Property Plc, which lost 6.8 per cent to sell for N1.10 per unit compared with the previous N1.18.

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Niger Delta Exploration & Production Plc (NDEP) Plc went down by 3.6 per cent to N270.50 per share from N280.50 per share, while NGX Group declined by 3.2 per cent to N17.48 per unit from N18.06 per share.

Last week, there was a 46.2 per cent increase in the total volume of shares traded by investors as 28.7 million stocks exchanged hands compared with the previous week’s 19.6 million stocks.

In the same vein, the value of stocks increased by 246.4 per cent to N1.5 billion from N439.7 million, while the number of deals rose by 2.9 per cent to 175 trades from 170 deals.

At the close of the week, NGX Group was the most traded security by volume with 23.3 million units. VFD Group Plc traded 2.9 million units, UBN Property Plc exchanged 1,6 million units, Friesland Plc transacted 501,862 units, while CSCS Plc traded 149,850 units.

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In terms of the value, VFD Group Plc topped with N1.0 billion, NGX Group traded N407.1 million, Friesland Plc recorded N60.3 million, NDEP Plc posted N6.6 million, while CSCS Plc expended N2.8 million.

In the year so far, NSI’s year-to-date gain stood at 1.7 per cent, with investors trading 1,518,525,762 units worth N11.9 billion in 3,077 deals.

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