#nasd

…Through SMDF partnerships with NASD Plc and other financial institutions. ABUJA, NIGERIA – iNews Times | SMDF has taken center stage in Nigeria’s renewed commitment to repositioning the mining sector as a key driver of economic diversification. At a high-level virtual meeting hosted by SMDF in collaboration with NASD Plc, government officials, investors, and industry stakeholders agreed that…

A growing power tussle is unfolding at NASD PLC as VFD Group PLC, a key stakeholder, calls for a strategic overhaul of the alternative market platform ahead of its 11th Annual General Meeting (AGM). The proprietary investment firm has expressed dissatisfaction with NASD’s financial performance, governance structure, and its failure to meet shareholder expectations. VFD Group, a significant player…

NASD Securities Exchange Rises to N961bn

NASD Securities Exchange Rises to N961bn As prices of unlisted companies’ stocks inched upward, the NASD Securities Exchange over-the-counter (OTC) rises to about N961 billion, according to trading data. Market returns from the beginning of the year to day also inched upward after previous negative trades in the past week, Trading data from the OTC market shows that the NSI return increased by…

NASD Loss Widens as Unlisted Companies Stocks Sink

NASD Loss Widens as Unlisted Companies Stocks Sink NASD over-the-counter Securities Exchange index slides further in the just concluded week due to negative movement in unlisted companies’ stock prices. Consequently, the NASD Securities Index’s year-to-date loss widened further amidst weak interest in Naira assets due to rising inflation rate, including the worsening exchange rate. In the just…

NASD Investors Lose N10.27bn as OTC Market Tumbles

NASD Investors Lose N10.27bn as OTC Market Tumbles Investors trading shares of unlisted companies saw their net worth decline by N10.27 billion on the back of negative trade patterns in the over-the-counter (OTC) market. Trading data shows the OTC market capitalisation is at distant to its previous N1 trillion mark, closed at ₦958.33 billion on Friday from ₦968.60 billion in the comparable week…

NASD Loses N23bn as Investors Dump Unlisted Shares

NASD Loses N23bn as Investors Dump Unlisted Shares Investors trading unlisted companies’ shares on the NASD Securities Exchange platform lost more than N23 billion to hefty selloffs in the over-the-counter (OTC) market, according to data. Last week, the NASD OTC securities exchange index ended on a negative movement, resulting in a 2.37% decline in NSI return which closed at 723.56 points…

NASD Return Turns Red on Negative Price Movements

NASD Return Turns Red on Negative Price Movements The over-the-counter (OTC) exchange for trading unlisted companies’ shares, NASD, drops by more than N20 billion this week, forcing its market capitalisation below N980 billion while year to date return turns red.  NASD OTC Securities Exchange Index (NSI) closed negative as the NSI return decreased by 2.01% to 741.09 points against 756.33 points…

NASD Falls by N19.24bn after VFD Group Price Markdown

NASD Falls by N19.24bn after VFD Group Price Markdown NASD’s over-the-counter (OTC) exchange fell by more than N19 billion amidst negative price movements and the exchange markdown of VFD Group’s share price. Consequently, the OTC exchange market capitalisation printed lower at ₦1038.50 trillion from ₦1057.74 trillion. The decline pushed the NASD OTC Securities Exchange Index to close negative…