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NASD OTC Market CAP Decreased By -0.43% WoW To Close At N522.80bn

Unlisted OTC MARKET	1233 VIEWS
Unlisted OTC MARKET
1233 VIEWS

Friday, July 19, 2019 / 06:29 PM / NASD Plc

Allianz Nigeria Insurance Plc 20th Annual General Meeting 2019

Allianz Nigeria Insurance Plc held its 20th Annual General Meeting at The Federal Palace Hotel July 19, 2019 at 10:00 am. According to the Chairman's statement on Allianz Nigeria Insurance Plc FY 2018 Performance Report at a glance, he said:

"I am delighted to report that Allianz PLC has had another strong year. Our company delivered a gross written premium of 10 billion; a 31% growth when compared to the the 7.7 billion written in 2017. Allianz Group also completed its acquisition of Ensure Insurance company, making Allianz Plc part of the world's leading insurance and asset management firms. Going into 2019 with a new name and significant increase in brand visibility, we are being recognized both locally and globally as a force to be reckoned with. We will continue to deliver strategic progress by leveraging our service delivery, financial strength, technological excellence and remarkable people".

NASD OTC Securities Exchange will continue to support transparency and create liquidity in the OTC Market for public securities as we seek to encourage growth in the Nigerian economy.

Proshare Nigeria Pvt. Ltd.

Market Activities For Week 29

Market Summary

As at close of trade week on 19 July 2019, market Capitalisation decreased to ₦522.80 billion from last week's previous ₦525.05 billion, which shows a 0.43% decrease in Capitalisation. Also the USI for the week ended 19 July 2019 recorded a decrease from 730.82 points to 727.69 points.

Trade Summary