NASD OTC Exchange Drops 0.75% in Week 28

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Change, after 4 straight weeks of upward motion, landed within the unfavourable territory in Week 28 of 2023, after it misplaced 0.75 per cent on a week-on-week foundation.

This depleted the market capitalisation of the NASD OTC alternate by N4 billion within the week to N1.070 trillion from the N1.074 trillion it closed within the previous week (Week 27).

In the identical vein, the NASD Unlisted Securities Index (NSI) went down on the shut of the buying and selling week by 5.81 factors to settle at 770.89 factors in contrast with the 776.70 factors recorded within the earlier week.

Within the 5 days of buying and selling, a complete of 107 offers had been executed, 5.3 per cent decrease than the 113 offers carried out within the previous buying and selling week.

The full quantity of transactions within the week, nevertheless, jumped by 3,958.8 per cent to 329.1 million items from 8.1 million items, as the worth of trades elevated by 167.3 per cent to N215.7 million from N80.7 million.

Final week, FrieslandCampina Wamco Nigeria Plc misplaced 10.30 per cent to settle at N71.50 per unit, in distinction to the earlier week’s N79.71 per unit, Resourcery Plc shed 10 per cent to shut at 41 Kobo per share versus 45 Kobo per share, and Mixta Actual Property Plc depreciated by 1.7 per cent to complete at N1.65 per share in contrast with the earlier week’s N1.76 per share.

Nevertheless, Niger Delta Exploration and Manufacturing (NDEP) Plc gained 10 per cent to commerce at N336.00 per unit versus the earlier week’s N306.00 per unit, Afriland Properties Plc improved by 10 per cent to N3.16 per unit from N2.87 per unit, Industrial and Basic Insurance coverage (IGI) Plc went up by 10 per cent to eight Kobo per share from 7 Kobo per share, Acorn Petroleum Plc grew by 6.3 per cent to 17 Kobo per unit from 16 Kobo per unit, Central Securities Clearing System (CSCS) Plc expanded by 3.6 per cent to N18.50 per unit versus the earlier week’s N17.86 per unit, and UBN Property Plc leapt by 0.9 per cent to N1.10 per share from N1.09 per share.

Final week, AG Mortgage Plc was probably the most traded inventory by quantity with 324 million items, Acorn Petroleum Plc traded 2.99 million items, IGI Plc exchanged 1.00 million items, FrieslandCampina Wamco Plc transacted 350,000 items, and CSCS Plc traded 260,000 items.

By worth, AG Mortgage Plc additionally topped with N168.48 million, FrieslandCampina Wamco Plc adopted with N26.74 million, NDEP Plc posted N7.6 million, Nipco Plc recorded N6.24 million, and CSCS Plc traded N4.76 million.

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