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

Proshare

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 to477.60 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

 
Proshare Nigeria Pvt. Ltd.

 

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