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ASEN Inaugurated; NASD USI Declines by 2.6% WoW – 110818

Unlisted OTC MARKET	4413 VIEWS
Unlisted OTC MARKET
4413 VIEWS

Friday, August 10, 2018 /8:05AM / NASD Plc

The NASD OTC Market ends the week with a decrease in market metrics, as the NASD USI decreased by 2.6%, closing at 687.60 points (as against 705.75 points last Friday). Consequently, total market capitalization declined closing lower at ₦465.31 billion compared to ₦477.60 billion last Friday.

Inauguration Of ASEN

A new and critical association entered the Nigerian Capital Market. The Association of Securities Exchanges of Nigeria [‘’ASEN’’] was officially inaugurated in Lagos.
The association brings together the 5 existing securities exchanges in Nigeria. These are FMDQ OTC Securities Exchange [‘’FMDQ’’] Nigeria Commodity Exchange [‘’NCX’’] AFEX Commodities Exchange [‘’AFEX’’] Nigerian Stock Exchange [‘’NSE’’] and NASD OTC Securities Exchange [‘’NASD’’].
Some of ASEN’s objectives are:

1. To promote cooperative working between member exchanges

2. Collect and share information resources e.g. publications, research & website

3. To build capacity of the Nigeria Capital Market by collaborating

4. To promote and encourage best practice amongst member exchanges

“This event is the culmination of deliberate cooperation between the various exchanges in the Nigerian Capital market. Collaboration between exchanges in this manner will ensure some level of uniformity and consistency in governance whilst allowing each member to continue along its natural trajectory. We also believe the existence of such an association will significantly support market structure in Nigeria. Ultimately key stakeholders in the Nigerian capital market - Regulators, issuers, investors and operators will be the real beneficiaries’’.

1. ASEN Nigeria Launch: 5 Things to Note - Proshare Aug 09, 2018

2. ASEN Nigeria Launch: NSE, NASD, FMDQ, AFEX ... - Proshare Aug 07, 2018

Trade Summary

Top Traded Securities by Volume - Week 32

SYMBOL	VOLUME ('000)	(%)
SDFCWAMCO	546	28.19
SDNDEP	507	26.15
SDACORN	500	25.78
SDCSCSPLC	381	19.65
SDAFRILAND	2	0.13

Top Traded Securities by Value - Week 32

SYMBOL	VALUE ('000)	(%)
SDFCWAMCO	78,932	49.52
SDNDEP	76,201	47.80
SDCSCSPLC	4,166	2.61
SDACORN	85	0.05
SDCAPDBETO	12	0.01

Losers

Security	Close Price (₦)	Previous Close (₦)	Change (%)
CENTRAL SECURITIES CLEARING SYSTEM	10.89	12.00	(9.25)
FRIESLAND CAMPINA WAMCO PLC	141.18	50.00	(5.88)

Gainers

Security	Close Price (₦)	Previous Close (₦)	Change (%)
NIGER DELTA EXPLORATION & PRODUCTION	165.00	150.00	(10.00)

Market in Numbers (YTD)

Admitted Securities	38
Registered Brokers	244
Participating Institutions	130
Market Capitalisation	₦477.60 billion
Total Share Capital	138.95 billion
Volume Dematerialised	45.33 billion
Dematerialised Percentage	32.62%
Volume of trades (YTD)	16.52 billion
Number of trades (YTD)	1,895
Value traded (YTD)	₦17.32 Billion