In a 9am new nigeria finance update the NASD Securities Index saw a rise of 8.03 points, or 0.52%, which suggests that the market value of securities listed on the NASD has somewhat improved overall. To reach N2.11 trillion, the market capitalization grew by 0.52%.
According to a 9am news report, market continues to show favorable trends even with the notable decline in the volume, value, and number of deals traded, all of which point to a decline in trading activity.
Compared to the 39,187,573 units traded in 2024 week 26, the total volume exchanged in 2024 week 27 was 1,602,947 units, a huge decline and a 95.91% decrease in NASD trade volume (W-o-W). From N1,464,618,802.75 in 2024 week 26 to N1,200,056,893.60 in week 27 of 2024, there was an 18.06% decline in value transacted (W-o-W).
With a trade value of N1,178,712,719.26, ARADEL HOLDINGS PLC was the most traded security by value in 2024 week 27. Similarly, PURPLE REAL ESTATE INCOME PLC had the highest trading volume, with 504,449 units. Five securities saw price movements in 2024 week 27: two decliners (in red) and three advancers (in blue).
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-Ogasabi
