How NASD OTC market cap rose by 1.05% in one week

The NASD OTC Securities Exchange closed the week with a positive return on NSI. The NSI return rose by 1.05per cent to close the week at 713.46 points against 706.07 points against preceding Friday, July 29 2020.

NASD OTC Securities Exchange Market closed on a positive note Year-Till-Date (YtD) as the market recorded an increase in performance. NASD Security Index Year to date return rose by 2.28per cent. Total volume traded Year-to-Date stands at 7,820,389,602 units in 979 deals and total Value traded is N10.54billion.

In addition, Week 33 saw NASD Investors gain N5.43billion in value. NASD OTC Market capitalization closed at N524.08 Billion compared to N518.65billion against preceding Friday, resulting from a positive movement of prices.

There was a 106.58 per cent increase in the total value traded during the week as week 33 saw NASD Investors traded a total of N48,138,905.31 in value compared to N23,303,017.81 in the previous week. Total trade activity for the year is valued at N10,537,449,927.54.

In the same pattern, the volume traded during the week was 813,582.00 units compared to 1,606,734 units in the previous week leading to a -49.36per cent decrease in trade volume compared to week 32. Total volume traded for the year is 7,820,389,602 units.

Last week trading closed with Central Securities Clearing System Plc ranking top among five most traded securities by volume and FrieslandCampina Wamco Nigeria Plc as the fifth most traded stock by volume in week 33.

The week closed with Niger Delta Exploration and Production Plc ranking top among top five most traded securities by value and Firsttrust Mortgage Bank Plc stood as the fifth most traded Security by Value for the week.

Two of NASD OTC stocks closed the week with a positive movement in the price. FrieslandCampina Wamco Nigeria Plc, which currently holds a Market Capitalization of N124.04 billion closes the week at N127.05 representing a 3.03 per cent increase from the previous close of N127.

Niger Delta Exploration and Production Plc, which currently holds a Market Capitalization of N55.26 billion closes the week at N275 representing a 10.79 per cent increase from the previous close of N304.67.