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CWG Plc and Learn Africa Plc ended Friday’s trading session at the Nigerian Exchange (NGX) Limited as the best-performing stocks after they appreciated by 10.00 per cent each to quote at N1.32 and N2.42, respectively.

They were among the 37 equities that finished on the gainers’ chart at the close of transactions, outweighing the impact of the 12 shares that closed on the decliners’ group.

International Energy Insurance gained 9.73 per cent to sell at N1.24, Custodian Investment grew by 9.65 per cent to N6.25, and Meyer increased by 9.46 per cent to N2.43.

On the flip side, Transcorp led the losers’ log due to sustained profit-taking after Mr Femi Otedola offloaded his stake, shedding 9.77 per cent yesterday to close at N1.94. Living Trust Insurance lost 9.73 per cent to trade at N2.69, McNichols went down by 9.72 per cent to 65 Kobo, Veritas Kapital depreciated by 4.76 per cent to 20 Kobo, and Jaiz Bank dropped 4.21 per cent to 91 Kobo.

It was observed the energy counter appreciated by 2.39 per cent, the banking index grew by 1.37 per cent, the consumer goods counter rose by 0.49 per cent, the insurance space improved by 0.40 per cent, and the industrial goods sector increased by 0.09 per cent.

The positive performance of all the key sub-sectors of the exchange moved the market higher by 0.34 per cent at the close of transactions.

Consequently, the All-Share Index (ASI) jumped by 175.77 points to 52,466.52 points from 52,290.75 points as the market capitalisation rose by N95 billion to N28.568 trillion from N28.473 trillion.

The level of activity waned on Friday as the trading volume, value, and the number of deals depreciated by 62.00 per cent, 20.00 per cent and 11.15 per cent, respectively.

This was because the investors transacted 482.6 million shares worth N5.6 billion in 5,298 deals compared with the 1.3 billion shares worth N7.0 billion traded in 5,963 deals on Thursday.

Access Holdings traded 168.8 million stocks worth N1.9 billion, UBA sold 53.5 million equities worth N422.4 million, Fidelity Bank transacted 36.0 million equities valued at N206.1 million, Zenith Bank sold 33.2 million equities for N796.0 million, and Coronation Insurance exchanged 30.7 million stocks for N13.5 million.

For the third straight week, the National Association of Securities Dealers (NASD) Over-the-Counter (OTC) Securities Exchange ended in the negative territory as there was a 0.57 per cent depreciation in the 18th week of trading this year.

This happened as there were two price losers and two price gainers in four days of trading, which saw the market capitalisation drop N10 billion to N1.000 trillion from the preceding week’s N1.010 trillion.
On its part, the NASD Unlisted Securities Index (NSI) lost 4.19 points to wrap the week at 726.02 points compared with 730.21 points recorded in the previous week.

The price decliners were made up of FrieslandCampina Wamco Nigeria Plc, which slumped 6.9 per cent to end the week at N73.97 per unit versus N79.42 per unit, and Industrial and General Insurance (IGI) Plc lost 12.5 per cent to 7 Kobo per share from 8 Kobo per share.

On the gainers’ angle, Central Securities Clearing System (CSCS) recorded a 7.1 per cent rise to end the week at N13.20 per share, in contrast to the previous week’s N12.33 per share, as Geo-Fluids Plc improved by 6.4 per cent to N2.50 per unit versus N2.35 per unit.

In the 18th week, there was a 52.7 per cent decrease in the total value of transactions as investors traded N20.9 million worth of stocks compared to N44.3 million worth of stocks achieved in the previous week.

Also, the volume of trades during the week slumped by 36.4 per cent week-on-week to 12.8 million units compared to the 20.0 million units reported in the previous week.

At the close of the week, IGI Plc was the most traded security by volume with 12.10 million units. Afriland Properties Plc achieved 340,000 units, FrieslandCampina Wamco Nigeria Plc exchanged 256,225 units, Geo-Fluids Plc traded 53,333 units, and CSCS Plc transacted 11,920 units.

By value, FrieslandCampina Wamco Nigeria Plc led with N19.1 million, IGI Plc posted N0.8 million, Afriland Properties Plc traded N0.8 million, CSCS Plc recorded N0.2 million, and Geo-Fluids Plc posted N0.1 million.

The NASD OTC market year-to-date (YTD) has witnessed the sale of 1.66 billion stocks valued at N4.34 billion in 1,068 deals.

The NASD Over-the-Counter (OTC) Securities Exchange closed the last trading day of the week, Friday, May 5, on a negative note after it depreciated marginally by 0.01 per cent due to a decline in the share price of Afriland Properties Plc.

As a result, the market capitalisation of the NASD OTC stock exchange went down by N140 million to close the day at N1.004 trillion from N1.004 trillion.

In the same vein, the NASD Unlisted Securities Index (NSI) decreased by 0.1 points to wrap the session at 726.02 points compared with 726.12 points in the previous session.

These trades were carried on Friday in eight deals compared with the 13 deals carried out by the market participants in the preceding trading session, indicating a decline of 38.5 per cent.

The market was without a price gainer yesterday.

Geo-Fluids Plc remained the most traded stock by volume (year-to-date) with 820.8 million units valued at N1.3 billion, IGI Plc stood in second place with 627.7 units valued at N49.4 million, while UBN Property Plc was in third place with 379.8 million units valued at N321.6 million.

Conversely, VFD Group Plc closed the session as the most traded stock by value (year-to-date) with 10.4 million units worth N2.4 billion, Geo-Fluids Plc retained the second spot with 820.8 million units valued at N1.3 billion, as FrieslandCampina Wamco Nigeria Plc was in third place with 5.0 million units worth N349.7 million.

NASD Plc has secured approval from the Securities and Exchange Commission (SEC) to commence implementation of its Digital Securities Platform (DSP) under the Regulatory Incubation (RI) programme.

NASD Plc is an Over-the-Counter (OTC) securities exchange that facilitates trading of all securities of unquoted companies, primarily in Nigeria.

The Regulatory Incubation (RI) programme is designed by the SEC to address the needs of new business models and processes that require regulatory authorisation to continue carrying out full or ancillary technology-driven capital market activities.

NASD in a statement described the SEC approval as a positive development for the Nigerian capital market ecosystem that culminates development work spanning approximately two years between NASD and its consortium of partners – Blockstation Inc. USA; T.K. Tech Limited, Nigeria, and Sophus Consulting Limited, Nigeria.

It stated that the digital securities platform would provide an end to end solution for the issuance, trading and settlement of digital assets and also democratize access to the capital market by lowering the barrier to both issuing and investing in securities leveraging blockchain technology to increase accessibility and lower cost.

Commenting, Mr. Eguarekhide Longe, Managing Director, NASD Plc, said: “We are truly excited at NASD to be working with the right partners such as Tk Tech Africa, Blockstation Inc and Sophus Consulting to introduce to the Nigerian capital market this opportunity to adopt innovation through digital securities trading of ‘real’ assets that are securitised by tokens, presenting the capacity to deploy trading solutions to diverse asset classes, revolutionise the trade settlement process (currently T+3; potential T+1), expand trading horizons, automate the process for new issuance and present convenience of accessibility across digital devices”.

Recall that NASD ran a successful pilot of the NASD – DSP with several participating institutions which include Stanbic IBTC Custodian, Stanbic IBTC Bank and several brokers which include Afrinvest Securities Limited, Greenwich Securities Limited and Anchoria Investment & Securities Limited.

The market capitalisation of the NASD Over-the-Counter (OTC) Securities Exchange returned above the N1 trillion mark on Wednesday, May 3.

This happened after the share price of FrieslandCampina Wamco Nigeria Plc improved by 54 Kobo to settle at N74.54 per unit compared with the previous day’s value of N74.00 per unit.
Consequently, the value of the NASD OTC market increased by N1 billion or 0.11 per cent to settle at N1.001 trillion compared with the previous day’s N999.99 billion.

Similarly, the NASD Unlisted Securities Index (NSI) also went up by 0.76 points to close at the day at 723.68 points versus the preceding session’s 722.92 points.

There was a 99.1 per cent drop in the volume of securities traded at the bourse yesterday to 109,552 units compared to the previous trading session’s N12.2 million.

However, the value of shares transacted by investors appreciated during the session by 146.3 per cent to N8.2 million from the N3.3 million recorded the preceding day.

These transactions were carried out in eight deals, 27.3 per cent lower than the 11 deals executed by market participants a day earlier.

At the close of business, Geo-Fluids Plc remained the most traded stock by volume on a year-to-date basis with a turnover of 820.8 million units valued at N1.3 billion, IGI Plc stood in second place with the sale of 627.7 units valued at N49.4 million, while UBN Property Plc was in third place with the sale of 379.8 million units valued at N321.6 million.

The most traded stock by value on a year-to-date basis as of Thursday was VFD Group Plc with the sale of 10.4 million units worth N2.4 billion, followed by Geo-Fluids Plc with a turnover of 820.8 million units worth N1.3 billion, while FrieslandCampina Wamco Nigeria Plc was in third place with the sale of 4.9 million units valued at N341.1 million.