Image Credit: The Guardian Nigeria
The NASD Over-the-Counter (OTC) Securities Exchange closed last week (Week 30) with a positive return in its NASD unlisted securities index (NSI) as it rose by 0.01 per cent to close at 706.52 points as against 706.44 points of the preceding week, which ended on Friday, July 17, 2020.
This came as investors gained N60 million in value as the market capitalisation closed at N518.99 billion compared to N518.93 billion in the preceding week.
However, the week saw a 95.9 per cent decrease in the total value of trades as investors transacted shares worth N7.9 million versus N197.5 million a week earlier.
In the same pattern, the volume of securities traded by investors during the week dropped to 99,970 units from 7,758,327 units in the previous week, representing a 98.7 per cent decrease.
Business Post reports that the year-to-date performance of the alternative stock market in Nigeria increased to 1.29 per cent. Also, the year-to-date trades stood at 7,816,017,067 units of stocks valued at N10,395,372,679.02 exchanged in 862 deals.
In terms of top traded securities by volume, the week closed with FrieslandCampina WAMCO Nigeria Plc ranked top among five most traded securities by volume and Afriland Properties Plc as the fifth most traded stock by volume in week 30.
The week also closed with FrieslandCampina WAMCO Nigeria Plc ranked top among top five most traded securities by value and UBN Properties Plc stood as the fifth most traded security by value for the week.
In the week, there was only one advancer and this was FrieslandCampina WAMCO Nigeria, which currently has a market capitalisation of N118.3 billion. The stock price closed the week at N121.15, 0.12 per cent increase from the previous close of N121.
There was equally one decliner and this was Nigeria Mortgage Refinance Company (NMRC) Plc, with a market cap of N1.23 billion. It closed the week at N5.82 after dropping 6.88 per cent from the previous closing price of N6.25.
The decline came as a result of price adjustment following the payment of 43 kobo dividend to its shareholders for the year 2019.
In the 2019 financial year, the company recorded a 64 per cent growth in profit after tax of N3.02 billion compared to the previous year’s N1.84 billion.