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Market | Unlisted OTC MARKET

NASD OTC Market CAP Rose 13.71% W-o-W to N2.97trn

Sep 08, 2024   •   by   •   Source: NASD Plc   •   eye-icon 341 views

The NASD Securities Index saw a notable increase of 13.71%, rising from 1,904.42 to 2,165.59, indicating strong growth and positive market sentiment. The market capitalisation also grew from N2.61trn to N2.97trn on a week-on-week (W-o-W) basis, reflecting an expansion in market size and an increase in the valuation of listed companies.

 

However, the decline in total value traded suggests that smaller transactions primarily increased the trading volume.

 

 

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The total volume traded in 2024 week 36 was 12,290,925 units compared to 2,579,711 units in 2024 week 35, leading to a 376.41% increase in NASD trade Volume (W-o-W).


A 26.86% decrease was recorded in value traded (W-o-W) as N3,104,890,578.22 was traded in 2024 week 36 compared to N4,245,324,139.42  in 2024 week 35.

 

 

ARADEL HOLDINGS Plc, with a trade value of N3,061,099,095.12, was the highest traded security by value in 2024 week 36.

 

GEO-FLUIDS Plc, with a trading volume of 10,900,990 units, was the highest traded security by VOLUME in 2024, week 36.

 

 

2024, week 36 recorded eight securities with price movements: 3 decliners (in red) and five advancers (in blue). 

 

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