Friday, February 16, 2018 /5:25 PM /
Shares of UBN Property Company Plc have been approved to trade on the OTC Market. The security was introduced by Equity Capital Solutions Limited by way of Security Admission.
UBN Property Company Plc., a subsidiary Union Bank of Nigeria, was incorporated on 24 March, 2003.The Company is involved in the development, sale and management of residential and office accommodation for corporate bodies and individuals. With a diverse real estate portfolio, UBN Property Company Plc. is a leading real estate company in Nigeria.
UBN Property Company Plc. joins MIXTA Real Estate Plc. and Afriland Properties Plc. as securities in the real estate financials segment of the NASD OTC Market.
Trading Code: SDUBNPROP
This brings the total number of admitted securities trading on the OTC Market to Thirty-Six (36)
The Week in Review: OTC Market Sustains Positive Momentum
The NASD OTC Market maintained its week-on-week positive momentum, as the NASD USI advanced by 3.7%, closing at 655.96 points (as against 632.52 points last Friday). Consequently, total market capitalisation increased by 3.7% this week, closing higher at ₦443.90 billion compared to ₦428.05 billion last Friday.
NASD OTC Securities Exchange currently trades Equity and Bonds. Of the 36 securities admitted to trade on the OTC Market, Central Securities Clearing System PLC led the market by volume and value.
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