The value of unlisted equities trading on NASD OTC Plc declined by N2.47billion in the trading week ended September 6, 2019.

The OTC market’s summary for the review week shows its capitalisation decreased to N515.11billion from preceding week’s high of N517.58billion.

This represents a decline of 0.48percent in Capitalisation. Also the NASD Security Index (NSI) for the week ended September 6 recorded a decrease from 720.42 points to 716.98 points.

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The volume of stocks traded year-to-date (YtD) on this Over- The-Counter market for unlisted stocks stood at 2.58billion. Also, the number of trades YtD stood at 2,148; while the value traded YtD was N8.11 billion.

Friesland Campina Wamco Nigeria Plc recorded the highest weekly decline, from N138.22 to N140.75, down by 1.80percent. In terms of value and volume of stocks traded, Friesland Campina Wamco Nigeria Plc also occupied the topmost position.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with over 18 years journalism experience writing on banking, finance and capital markets. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).

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