NASD OTC Lost N6.4 Bln as NIPCO, CSCS, Niger Delta E&P Fall

The total market value of unlisted stocks traded on the NASD Over-the-Counter falls in the just concluded week as investors lose N4.6 billion. The loss sustained was driven by drops in the market value of NIPCO, Central Securities Clearing System and Niger Delta Exploration & Production Plc.

Even with the loss sustained, the NASD OTC Securities Exchange market closed on a positive note when looking at it from the beginning of the year to date.

Overall, the OTC market has recorded an increase in performance despite the selling rallies at the just concluded week. Market data shows that NASD Security Index (NSI) year-to-date returns increased by 0.23%.

Also, the total volume traded year-to-date hits 654,892,560 units in 110 deals while the total value of all transactions printed at ₦14,100,764,529.6.

However, at the just concluded week, NASD OTC Securities Exchange Index closed the week on a negative return on NSI. The NSI return decreased by 0.73% to close the week at 744.54 points against 750.02 on Friday, January 14, 2022.

Consequently, NASD Investors lose ₦4.64 billion in value due to negative movement in prices. The loss pullback NASD OTC market capitalisation to ₦630.46 billion from ₦635.10 billion on Friday, January 14, 2022.

The OTC market sees some sort of heat up in trading activities. There was a 42570.66% increase in the total value traded during the week, as NASD Investors trade a total of ₦14,065,400,829.3 in value compared to ₦32,962,694.30 in the previous week.

Total trade activity for the year is valued at ₦14,100,764,529.6 while the total volume traded for the year is 654,892,560 units.

Total volume traded during the week printed at 653,778,522 units compared to 1,057,091 units in the previous week leading to a 61746.95% increase in trade volume compared to the previous week.

Trading activities this week saw Central Securities Clearing System Plc ranking top among the five most traded securities by volume and Niger Delta Exploration & Production Plc as the fifth most traded stock by volume traded in the week.

Also, Central Securities Clearing System Plc ranked top among the five most traded securities by value and NIPCO 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 ₦115.50 billion closed the week at ₦118.30 representing a 0.25 per cent increase from the previous close of ₦118.00

NIPCO Plc, which currently holds a market capitalisation of ₦11.65 billion closed the week at ₦62.10 representing a 10.00 per cent decrease from the previous close of ₦69.00.

Central Securities Clearing System Plc, which currently holds a market capitalisation of ₦96.90 billion closed the week at ₦19.38 representing a 3.10 per cent decrease from the previous close of ₦20.00.

Niger Delta Exploration & Production Plc, which currently holds a market capitalisation of ₦42.63 billion closed the week at ₦235.00 representing a 1.26 per cent decrease from the previous close of ₦238.00. # NASD OTC Lost N6.4 Bln as NIPCO, CSCS, Niger Delta E&P Fall