NASD OTC Market Opens Week In Positive Territory

The NASD Over-the-Counter Securities Exchange went back to positive territory on Monday after recording repeated losses last week.

The market recorded a 0.08% growth on the back of profits recorded in the stocks of NASD Plc, Nigeria Mortgage Refinance Company (NMRC) Plc, and FrieslandCampina WAMCO Nigeria.

This boosted the value of the NASD Over-the-Counter (OTC) Securities Exchange by N820 million to N976.39 billion from N975.57 billion as the NASD Unlisted Securities Index (NSI) appreciated by 0.62 points to end the day at 741.70 points as against the 741.08 points it recorded in the previous session.

The price of NASD Plc went up by N1.25 to close at N13.75 per unit as against N16.50 per unit of the previous day, while NMRC Plc gained 46 Kobo to sell at N5.24 per share versus last Friday’s N4.78 per share, with FrieslandCampina appreciating by 5 Kobo to end the day at N81.05 per unit compared to the preceding session’s N81.00 per unit.

During the session, the volume of securities traded jumped by 148.8 per cent to 25.0 million units from 10.1 million units, the value of transactions grew by 8,309.9 per cent to N135.2 million from N1.6 million, while the number of deals depreciated by 8.3 per cent to 11 deals from 12 deals.

When the market closed for the day, AG Mortgage Plc was the most traded stock by volume on a year-to-date basis with the sale of 2.3 billion units valued at N1.2 billion, Central Securities Clearing System (CSCS) Plc was in second place with 687.5 million units valued at N14.3 billion, while Mixta Real Estate Plc was in third place with 178.1 million units valued at N313.4 million.

Also, CSCS Plc was the most traded stock by value on a year-to-date basis with 687.5 million units worth N14.3 billion, VFD Group Plc was in second place with 27.7 million units valued at N7.4 billion, while FrieslandCampina was in third place with a turnover of 14.3 million units worth N1.7 billion.