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NASD Plc Holds Inaugural Annual Business Breakfast Meeting 2019

Unlisted OTC MARKET	3236 VIEWS
Unlisted OTC MARKET
3236 VIEWS

Friday, February 01, 2019 / 08:07 PM / NASD Plc

In a show of appreciation to all stakeholders involved in contributing to a successful 2018, as well as, setting the tone for year 2019, we hosted our first annual business breakfast meeting on the 7^th of February, 2019 at the MUSON Centre, Lagos. The event was graced by a host of business leaders across various sectors, capital market participants, and government agencies.

The keynote address delivered by Dr. Doyin Salami, an Associate Professor and full time member of the faculty at the Lagos Business School, included a review of year 2018 and an outlook for 2019. The Breakfast Meeting provided an opportunity to recognize and commend the top performing Securities on the NASD Over-the-Counter [OTC] Exchange for the year 2018. The award categories and winners included:

Dealer of the Year: Chapel Hill Denham Securities Limited for brokering the deal of the year; 99.03% acquisition of Ensure Insurance Plc by Allianz Group
Most Active participating institution by number of deals traded: Apel Asset Limited
Highest price appreciation security 2018: Niger Delta Exploration and Production Company PLC (NDEP)
Most Compliant Security: Central Securities Clearing Systems PLC (CSCS)
Most Actively Traded Security: Central Securities Clearing Systems PLC (CSCS)
Most Active Participating Institution by Value: AFRINVEST Securities Limited

Market Activities For Week 06

As at close of trade week on 08 February 2019, market Capitalisation decreased to ₦520.57 billion from last week's previous ₦538.07 billion, which shows a 3.18 % decrease in Capitalisation. Also the USI for the week ending 08 February 2019 recorded a decrease from 748.38 points to 724.59 points.