Investors on the NASD Over-the-Counter (OTC) Exchange earned ₦1.90 trillion in market value last week as the NASD All-Share Index rose by 1.86%, closing at 3,248.00 points, up from 3,188.76 the previous week. Market capitalisation increased from ₦1.87 trillion to ₦1.90 trillion, according to the NASD’s trading report for the week ended Friday, May 30, 2025.
The Oil and Gas sector dominated activity on the OTC Exchange, accounting for a massive 81.37% of total trades. Leading the charge, 506.19 million shares worth ₦4.18 billion exchanged hands across 21 deals.
Trailing in second place was the Consumer Goods sector, where 15.77 million shares valued at ₦638.94 million were traded in 48 deals, highlighting relatively subdued activity in non-energy segments.
In total, 551.01 million shares worth ₦5.14 billion were traded across 133 deals, marking a substantial uptick in both volume and value compared to the previous week. Air Liquide Plc and FrieslandCampina Wamco Nigeria Plc ranked among the top traded securities.
Market analysts attribute the bullish performance to improved investor sentiment, bolstered by the Central Bank of Nigeria’s (CBN) decision to retain the Monetary Policy Rate (MPR) at 27.5%. The Monetary Policy Committee (MPC) cited easing food inflation and foreign exchange stability as factors behind its hold stance.
The favorable policy environment and signs of economic stability appear to have reignited investor confidence, especially in the oil and gas space, where expectations of continued government support are high.
