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Thursday, March 29, 2018 /6:30 PM / NASD
Plc
Q1 2018 Review:
Growth in Value & Volume of Securities Trade ... as CSCS Plc leads
transactions by Value & Volume!
NASD is pleased to report growth in
trading activities on the OTC Market in the first quarter of 2018. This
growth was fueled by a 112% increase in Value
(from N1.61 billion in Q1 2017 to N3.59 billion in Q1
2018) , and 45% increase in volume (from 239.93 million units in Q1
2017 to 351.96 million units in Q1 2018) of securities traded on the Market in
the quarter.
Central Securities Clearing System Plc. led the market by volume traded, as
investors traded 218 million units of its shares in 180 deals, while Afriland
Properties Plc. followed by transactions in 67 million units in 49
deals.
Central Securities Clearing System Plc. also led the market by value traded,
trading shares worth N1.8 billion, as Niger Delta Exploration & Production
Plc comes in second place with transactions worth N1.09 billion.
NASD OTC Securities Exchange continues to play a leading role in creating
liquidity for shareholders... transparently!
Afriland Properties
Plc. Presents Strong Report Card.
This week, Afriland Properties Plc (SDAFRILAND)
held its 5th Annual General Meeting (AGM) to present the 2017
Performance Report card to her shareholders. The Company reported an increase
in performance metrics, such as an 11% increase in Revenue (from ₦1.1 billion in 2016 to ₦1.3 billion in 2017) and a 233%
growth in Profit after Tax to ₦1.02 billion, from ₦307 million reported in 2016.
The Company also secured approval from its
shareholders to pay ₦137.39 million as dividends, translating to 10kobo per ordinary share
held by each shareholder.
Afriland Properties Plc. was introduced to the
NASD OTC Market by APT Securities & Fund Limited by way of Security
Admission. In its 3 years since admission to the Market, shareholders have
traded 111.93 million units of shares worth ₦310 million in 1,804 deals.
In addition to the income return, shareholders
also receive a price return on their investment as SDAFRILAND has returned 20%
year-to-date (YTD).
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Here To Download Full Result
The Week in Review
The NASD OTC Market
ends the week in with an increase in market metrics, as the NASD USI
increased by 0.15%, closing at 663.82 points (as
against 662.80 points last Friday). Consequently, total
market capitalisation gained 0.15% this week, closing higher at ₦449.23 billion compared to ₦448.53 billion last Friday.
First Review Of NASD OTC Securities To Hold In April 2018
Last year, we commenced a classification
of NASD OTC admitted securities into categories that reflect the level of
financial disclosure, adherence to corporate governance standards,
dematerialisation of shares and liquidity of the 36 securities trading on the
OTC Market. At the end of this exercise, Twelve (12) Securities
were ranked in the Blue
Category, Eight (8) in
the Pink Category, and Fifteen (15) were in the Red Category.
In line with efforts to promote transparency, NASD will conduct a first review
of all securities on the OTC Market on Friday, 27 April 2018.
This review will update the categorisation rankings in response to changes in
compliance levels.
We believe that this service will enhance transparency on the inherent value in
such companies, improve levels of investor confidence and also, improve
activities on the OTC Market.
Trade Summary
NASD OTC Securities Exchange
currently trades Equity and Bonds. Of the 36
securities admitted to trade on the OTC Market, Friesland Campina Wamco Nigeria
PLC both led the market by volume and value.
Top Performing Participating
Institutions
Our community consists of 233 Authorised Traders, representing 129
Participating Institutions..
Market in Numbers (YTD)
Macroeconomic Indicators
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