NASD OTC Ends Flat Amid a Slowdown In Trading Value

NASD Over-the-Counter (OTC) market ends the week flat over a slowdown in trading value of unlisted companies’ shares. Consequently, investors at the OTC market retained the previous week’s value while year to date performance stays negative.

Weak transaction value in the space left the OTC market capitalisation at N618.66 billion compared to last week’s close of N618.66 billion.

Data from NASD shows that there was a 74.80 per cent decrease in the total value traded during the week, as investors trade a total of N45, 266,941.51 in value compared to N179, 632,990.9 in the previous week.

Meanwhile, total trade activities for the year in the OTC market have been valued at N14, 730,847,417.08 as of Friday.

It was noted that the total volume traded during the week was 33,928,953 units, compared to 17,771,664 units in the previous week. This translates to a 90.92 per cent increase in trade volume as against last week’s trading volume.

NASD OTC Market data shows that the total volume traded for the year printed at 720,482,612 units as of Friday’s close.

The week closed with AG Mortgage Bank Plc ranking top among the five most traded securities by volume and Friesland Campina Wamco Nigeria Plc as the fifth most traded stock by volume traded in the week, according to NASD OTC market report.

AG Mortgage Bank Plc ranked top among the five most traded securities by volume and Friesland Campina Wamco Nigeria Plc as the fifth most traded stock by volume traded in the week.

Also, AG Mortgage Bank Plc ranked top among the five most traded securities by value and NASD Plc stood as the fifth most traded Security by value for the week.

Central Securities Clearing System Plc, which currently holds a market capitalisation of ₦92.05 billion closed the week at ₦18.41 representing a 1.15 per cent increase from the previous close of N18.20.

Friesland Campina Wamco Nigeria Plc, which currently holds a market capitalisation of NM120.08 billion closed the week at ₦123.00 representing a 0.70 per cent increase from the previous close of ₦122.15.

AG Mortgage Bank Plc, which currently holds a market capitalisation of N4.03 billion closed the week at ₦0.58 representing a 10.35 per cent decrease from the previous close of N0.52.

NASD Plc, which currently holds a market capitalisation of N3.69 billion closed the week at N8.31 representing a 7.77 per cent decrease from the previous close of N9.01.

Niger Delta Exploration & Production Plc, which currently holds a market capitalisation of N36.28 billion closed the week at N200.00 representing a 2.96 per cent decrease from the previous close of N206.10.