November 22, 2019 / 08:17PM / NASD Plc / Header Image Credit: NASD Plc
Chartered Institute Of Stockbrokers Holds Its 23rd Annual Stockbrokers Conference
Chartered Stockbrokers operating in Nigeria gathered at the Oriental Hotel Lagos for the 23rd annual conference. Themed "Boosting Capital Market Competitiveness in a challenging Macro-environment"; some of the critical discussions in the conference were:
NASD was pleased to be a speaker at the conference. We tacitly endorse deliberate employment of the capital market in the development of the economy. We additionally have employed the local Fintech industry in deploying NASDeP (a private investment portal) and a mobile app that provides information for local investors. We further agree with a key point raised in the plenary sessions that the Nigeria market must demonstrate liquidity ...and transparency.
NASD Attends the Inauguration of new Board Members of SEC
NASD was pleased to meet with the newly appointed Board members of Sec held at the Capital Market Committee 3rd meeting for 2019 on the 21st November, 2019.
The Board Comprises of Seasoned Professionals led by Mr. Olufemi Lijadu a corporate lawyer and two other directors.
NASD Believes that this board will be critical in steering regulation in the Nigerian Capital Market as well as ensuring greater liquidity and transparency.
Afriland Properties Plc Investor Call
We were pleased to host Afriland Properties Plc to an Investor Call on 20, November 2019 and would like to specially extend our thanks to all stakeholders in attendance including; Asset Managers, Pension Fund Administrators, Private Equity representatives and Stockbroking Houses.
The Investor Call provided Afriland Properties Plc an opportunity to interact with market participants on issues relating to financial performance, on-going activities and projections for the future. As always, timely Information dissemination and frequent interaction with capital market participants continue to remain critical for both enterprises and stakeholders within the capital market. As a result, we continue to encourage this discipline among Admitted Securities on the NASD Over-The-Counter [OTC] Securities Exchange.
NASD thanks all those who participated at the Investor Call once again and we look forward to your continued support at future engagements.
Market Activities For Week 47
As at close of trade week on 22 November 2019, market Capitalisation increased to N507.85 billion from last week's previous N513.12 billion, which shows a 1.03% decrease in Capitalisation. Also the NSI for the week ended 22 November 2019 recorded a decrease from 714.21 points to 706.88 points.
Market in Numbers (Year-to-Date)