BY CHARLES ABUEDE
NASD investors gained N26.46 billion from profit-taking activities last week due to positive movement in prices and a ‘one for one’ bonus declaration of by FrieslandCampina Wamco Nigeria PLC as the OTC exchange market capitalization inched higher to N1.06 trillion compared to N1.03 trillion last week.
In the same vein, the NASD OTC Securities Exchange Index closed the week with a positive movement on the NSI whose return increased by 2.57 percent to close the week at 807.75 points against 787.54 points the past week.
The level of trading activities on the exchange was bullish throughout the week as there was a 1,270.23 percent increase in the total value traded during the week to N2.42 billion in values compared to N176.72 million in the previous week. Also, the total traded volume during the week was 33.96 million units compared to 2.05 million units in the previous week leading to a 1,554.10 percent week on week increase.
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Furthermore, the week closed with Food Concepts PLC ranking top among the five most traded securities by volume after the stock garnered 25 million units traded during the week and was trailed by VFD Group with 7.34 million units, Niger Delta Exploration and Production traded 810,476 units while Central Security Clearing System recorded 278,850 units and then FrieslandCampina Wamco Nigeria PLC was the fifth most traded stock by volume traded in the week with 257,900 units.
Leading the table for most traded stocks by value through the week, VFD Group recorded trades worth N2.20 billion, followed by Niger Delta Exploration and Production with trades valued at N155.02 million, FrieslandCampina Wamco Nigeria PLC recorded N30.23 million in trade value trailed behind by Food Concept with N21.75 million and Central Securities Clearing System PLC was the fifth most traded Security by value for the week with a total value of N4.50 million.
As for the top gainers for the week, Central Securities Clearing System PLC closed the week at N17 representing an 18.19 percent increase from the previous close of N15.83. Also, FrieslandCampina Wamco Nigeria PLC closed the week at N120, representing a 9.09 percent increase from the previous close of N110 while Food Concepts PLC closed the week at N0.87 representing a 4.82 percent increase from the previous close of N0.83 and Niger Delta Exploration & Production PLC closed the week at N210, representing a 3.45 percent increase from the previous close of N203.
On the other hand, Vital Products PLC emerged as the lone loser for the week as it closed the week at N2.10 representing a 9.87 percent decrease from the previous close of N2.33.