Saturday, October 17, 2015 08.15 AM / NASD
CEOs of Participating Institutions trading on the NASD OTC Market held a Breakfast Meeting on 13 October 2015. The Forum was also pleased to host representatives of the Securities & Exchange Commission [“SEC”]; Acorn Petroleum Plc; Afriland Properties Plc Infoware Limited and The Pearl Awards Nigeria.
NASD was pleased to inform traders that over 1600 deals had been completed in 2015 valued in excess of ₦ 45billion and that more than 60% of the issuers on the market were profitable and had held AGMs in 2015.
SEC informed the meeting that rules are under consideration for Market Making , Private equity and Crowd funding- all will soon be released to the market. SEC also emphasised the need for Operators to comply with the Code of conduct and best practice.
Both Issuers who visited the Forum – Afriland Properties Plc and Acorn Petroleum Plc, presented updates on corporate performance and welcomed the opportunity to participate in analyst calls and provide further information.
Infoware Limited a software provider announced that NASD real time market data information is now available on InfoWARE Finance for IOS, Android, Blackberry and Windows Phone/Windows desktop. Users can set price triggers, get real time news and much more.
Pearl Awards notified the market that the NASD OTC market is officially recognised in the 20th edition of the Pearl Awards. At the event to hold on 29 November 2015, two categories will be drawn from the OTC market . Watch this space for criteria and nominations!
NEW AUTHORISED TRADERS JOIN THE NASD OTC MARKET
Two (2) new Authorised Traders joined the NASD OTC market this week, bringing the total registered traders of all participating institutions to 179.
The individuals have completed their membership requirements with the NASD OTC and have been inducted to trade on the market. This broadens investors’ choice of broker who can advise and transact on their behalf on the NASD OTC platform.
As at Friday 16 October 2015, the index closed at 948.89 (Up 0.50% on previous close of 944.12)
The NASD OTC index is an absolute index that does not take into account the relative weights of the composite securities.
TOP 5 TRADING SECURITIES 2015 (YTD-16 OCTOBER 2015)
PI ACTIVITY - 2015
In view of the increasing activity on the OTC market, we find it appropriate to record weekly activity of Participating Institutions on the OTC market.
Below is a list of the 10 most active participants on the OTC market in the week from 12 October to 16 October 2015.
TOP 10 BROKERS BY VALUE FOR THE WEEK ENDED 16-OCT-2015
* Not previously on the table
Active broker/dealers: 94
Inactive broker/dealers: 13
Total broker/dealers: 107
MARKET IN NUMBERS (YTD - 16 OCTOBER 2015)
CLOSING PRICES AS AT 16 OCTOBER 2015