Niger Delta Exploration & Production PLC

Niger Delta Exploration & Production Plc (NDEP) is Nigeria’s first public owned integrated oil and gas investment company. NDEP pioneered the development of small and medium-sized oil and gas fields in Nigeria and has a range of other assets. NDEP was incorporated on March 25, 1992 (as the Midas Drilling Fund) and assumed its current name in November 1996. Having 181,408,000 units of dematerialized shares tradable on the NASD OTC Market, “the vision of the company’s founding fathers was to create a vehicle that would afford ordinary Nigerians the opportunity to participate in and benefit from the country’s oil and gas industry”.

Year-to-Date Overview

NASD OTC Securities Exchange Market closed on a Positive note YTD as the market recorded an increase in performance. NASD Security Index Year-to-date returns increased by 3.42%. Total volume traded Year-to-Date stands at 3,184,203,769 units in 1,428 deals and the total Value traded is ₦21,257,318,068.54.

Week 25 Overview

NASD OTC Securities Exchange Index closed the week with a Positive movement on the NSI. The NSI return increased by 0.50% to close the week at 768.27 points against 764.41 on Friday, June 17, 2022.

Week 25 saw NASD Investors gain ₦0.01 Trillion value in Market capitalization. NASD OTC Market capitalization closed at ₦1.01 Trillion compared to ₦1.01 Trillion on Friday, June 17, 2022, due to positive movement in prices.

There was a 365.82% increase in the total value traded during the week, as week 25 saw NASD Investors trade a total of ₦324,371,556.96 in value compared to ₦69,634,193.10 in the previous week. Total trade activity for the year is valued at ₦21,257,318,068.54.

Total volume traded during the week was 2,607,342 units compared to 6,064,094 units in the previous week leading to a 57.00% decrease in trade volume compared to week 24. The total volume traded for the year is 3,184,203,769 units.

Top Traded Securities by Volume

The week closed with VFD Group PLC ranking top among the five most traded securities by volume and Niger Delta Exploration & Production PLC as the fifth most traded stock by volume traded in the week.

Top Traded Securities by Values

The week closed with VFD Group PLC ranking top among the five most traded securities by value and CitiTrust Holdings PLC stood as the fifth most traded Security by value for the week.

Top Advancers for the Year

Niger Delta Exploration & Production PLC, which currently holds a Market Capitalization of ₦35.91 Billion closed the week at ₦198.00 representing a 10.00 percent increase from the previous close of ₦180.00.

CitiTrust Holdings PLC, which currently holds a Market Capitalization of ₦6.85 Billion closed the week at ₦6.85 representing a 9.60 percent increase from the previous close of ₦6.25.

Central Securities Clearing System PLC, which currently holds a Market Capitalization of ₦74.00 Billion closed the week at ₦14.80 representing a 2.49 percent increase from the previous close of ₦14.44.

Top Decliners for the Year

NASD PLC, which currently holds a Market Capitalization of ₦6.68 Billion closed the week at ₦13.68 representing an 8.79 percent decrease from the previous close of ₦15.00.

NIPCO PLC, which currently holds a Market Capitalization of ₦11.04 Billion closed the week at ₦58.85 representing a 5.23 percent decrease from the previous close of ₦62.10.