NASD OTC Market CAP Decreased By -1.08% WoW To Close At N517.17bn

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Friday, July 26, 2019 / 07:44 PM / NASD Plc

 

NASD OTC Securities Exchange held its 6th Annual General Meeting at The Westwood Hotel, Ikoyi, Lagos July 17, 2019 at 3:00 pm. 

According to the Chairman's statement on NASD PLC FY 2018 performance report , he noted that NASD earned134.4 million as trading commission in 2018 with comparison to 23.1 million achieved in the preceding year 2017, representing 481.32% increase over the previous year performance. This was due to increase activities carried out by respective participating institutions. 

Mr. Mobolurin also noted that during the year under reassessment, the Exchange reconfigured its proprietary Bilateral Inter-dealer Trading System platform which resulted in a significant reduction of the company's trading platform cost from 63 million in 2017 to 1.4 million in 2018. 

Going into the incoming year, he is optimistic that the increased awareness of the OTC market and the support of SEC to provide the regulatory framework required to grow the OTC space would in no distant time yield the much awaited results. 

NASD OTC Securities Exchange will continue to support transparency and create liquidity in the OTC Market for public securities as we seek to encourage growth in the Nigerian economy


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Market Activities For Week 30

Market Summary

As at close of trade week on 26 July 2019, market Capitalisation decreased to 517.17 billion from last week's previous 522.80 billion, which shows a 1.08% decrease in Capitalisation. Also the USI for the week ended 26 July 2019 recorded a decrease from 727.69 points to 719.86  points.


Trade Summary


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Market in Numbers (Year-to-Date)

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Macro-economic Indicators 

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