Now Reading:

NASD OTC Market CAP Increased By 0.53% WoW To Close At N502.37bn

Unlisted OTC MARKET	700 VIEWS
Unlisted OTC MARKET
700 VIEWS

PROSHARE
PROSHARE

Friday, November 01, 2019 / 07:10PM / NASD Plc

NASD Securities Categorization

In line with our mandate as a Self-Regulatory Organisation licensed by the Securities and Exchange Commission ["SEC"] in Nigeria, NASD regularly conducts a categorisation exercise for securities trading on the NASD OTC Securities Exchange.

The scoring criteria for the categorization is significantly weighted to reflect governance and compliance requirements such as timeliness of financial reporting. The scores are then translated into one of three categories (NASD Blue, NASD pink and NASD Red).

NASD BLUE

These are shares of companies with a history of sound financial performance. These companies display a high level of corporate governance by timely disclosure of their financial statements, regular communication with shareholders and meet minimum requirements of the Securities and Exchange Commission (SEC).

NASD PINK

These are shares of companies that do not comply with the minimum disclosure and reporting requirements of SEC and NASD. Companies in this category may not have current information available to the public.

NASD RED

These are shares of companies that fail to provide NASD with information.

Based on the information compiled by NASD as at 31 October 2019, 8 Securities were in the Blue category, 14 in Pink and 13 in the Red category identified in the link below:

https://nasdng.com/prices-markets/otc-securities-categorization/

We continue to encourage good governance and timely financial disclosure among securities listed on the OTC market for the benefit of all stakeholders.

Dividend Payment In 2019

Proshare Nigeria Pvt. Ltd.

Market Activities For Week 44

Market Summary

As at close of trade week on 01 November 2019, market Capitalisation increased to N502.37 billion from last week's previous N499.72 billion, which shows a 0.53% increase in Capitalisation. Also the NSI for the week ended 01 November 2019 recorded a increase from 695.57 points to 699.25 points.

Trade Summary

Proshare Nigeria Pvt. Ltd.