Bear’s sentiment hit NASD-OTC Securities, sheds 2.99% in July
Transactions on the NASD OTC market in month of July 2019 extends bearish sentiments to three consecutive months as the Unlisted Security Index (USI) declined further by 22.33 absolute points (or 2.99%) to close for the month of July at 724.01 points.
This also translates to a decrease of 2.99% in Market Capitalization, relative to previous month closing value. The NASD OTC Market Capitalization eased by ₦16.05 billion in the month of July, from ₦536.20 billion in the month of June to ₦520.15 billion.
Of the thirty-eight (38) securities admitted to trade on NASD OTC platform, only thirteen (13) traded in the month of July, with two (2) appreciated in value, four (4) depreciated and seven (7) remaining unchanged.
Overall, a total turnover of 7.48 million shares worth ₦402.95 million in 229 deals were traded in the month of July by investors on the OTC market, relative to 73.73 billion shares worth ₦647.93 million in 207 deals in June, 2019.
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