NASD OTC Gains as Friesland, Niger Delta Exploration Rally
NASD Over-the-counter investors gains at the just concluded week as Friesland Campina and Niger Delta Exploration and Production share prices advanced, both unlisted companies stock had just resuscitated from selloffs in the previous week.
Market data shows that from the beginning of the year to date, NASD OTC Securities Exchange total return closed on a negative note, meaning the market recorded a decrease in performance.
On key performance indicators, NASD Security Index year to date returns has tumbled 0.24%, indicating investors’ wealth in the unlisted equities trading on the platform have sloped downward.
Also, market data shows that total volume traded from the beginning of the year to date stands at 12,823,508,670 units in 4927 deals while total value traded hits N30,255,110,619.66.
On a week on week, the NASD OTC Securities Exchange Index ended the week on a positive return on NSI amidst the festive season. After positive momentum, the market data shows that the NSI return increased by 1.06% to close the week at 739.9 points against 732.15 on Friday, December 10, 2021.
In the week, NASD Investors gain N6.41 billion in value as the OTC market capitalisation closed at N611.29 billion compared to N604.88 Billion on Friday, December 10, 2021, resulting from a positive movement in prices.
There was a 73.05% decrease in the total value traded during the week, as investors’ trade a total of N41,975,971 in value compared to N155,768,149.95 in the previous week.
Total volume traded during the week was 1,024,009 units compared to 6,571,340 units in the previous week leading to a 84.42% decrease in trade volume compared to the previous week.
Total trade activity for the year is valued at N30,255,110,619.66 while total volume traded for the year printed at 12,823,508,670 units, according to market data.
In the just concluded week, Central Securities Clearing System PLC ranked top among the five most traded securities by volume and Mixta Real Estate PLC as the fifth most traded stock by volume traded in the week.
Niger Delta Exploration & Production PLC ranked top among the five most traded securities by value and Mixta Real Estate PLC stood as the fifth most traded Security by value for the week.
Friesland Campina Wamco Nigeria PLC, which currently holds a market capitalisation of N116.18 billion closed the week at N119.00 representing a 8.12 per cent increase from the previous close of N110.00.
Niger Delta Exploration & Production PLC, which currently holds a market capitalisation of N42.72 billion closed the week at N235.54 representing a 3.31 per cent increase from the previous close of N228.00.
On the decliner chart, the Central Securities Clearing System PLC, which currently holds a market capitalisation of N85.00 billion closed the week at N17.00 representing a 4.23 per cent decrease from the previous close of N17.75.
Read Also: Friesland, CSCS Lead Decliners Chart as NASD Security Index Dips
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source https://dmarketforces.com/nasd-otc-gains-as-friesland-niger-delta-exploration-rally/