NASD records positive returns on its index

Proshare

July 1, 2016 6:00pm // NASD OTC Plc 
 

The NASD OTC market closed the first half of the year with a growth of 13.29% on its Index. Despite the policy flip flops, exchange rate uncertainty and budget delay which faced the Nigerian economy, it recorded a growth at the end of the first six months of the year.

 

The NASD OTC Unlisted Securities Index (USI) closed at 658.74 points on the last day of June, up from 581.45 points at which it opened 2016. Taking the index on a QoQ basis, the NASD OTC market recorded 9.54% growth in Quarter 2 which opened at 601.37 points. Market capitalisation added 41.19 billion rising from 395.98 billion to close at 437.17 billion yesterday.

 

NASD believes that the rebound the market recorded is as a result of positive reactions to the new flexible foreign exchange policy of the Central Bank of Nigeria (CBN) as well as the alignment between the fiscal and monetary policies in recent times 

New authorized traders join the NASD OTC Market

NASD is pleased to welcome the Two (2) new Authorised Traders who completed their induction in the week. The individuals have completed their membership requirements with the NASD OTC and are eligible to trade any of the 28 securities on the OTC market. This brings the total number of Authorised Traders on the OTC market to 208.

 

 

 

NASD is also pleased to welcome a new Participating Institution to the market. The Participating Institution satisfactorily meets the requirements to become a member of the NASD OTC market. All investors are hereby advised that they can complete their transactions through our Participating Institutions. This brings the number of Participating Institutions on the NASD OTC Market to 115.

  

Corporate Information

Notice is hereby given that the Twenty-First (21st) Annual General Meeting of the members of NIGER DELTA EXPLORATION & PRODUCTION PLC (NDEP) will hold on Thursday the 28th July 2016, at the AGIP Hall of the MUSON Center, No, 8/9 Marina, Onikan, Lagos at 1 1:00 a.m.

Unlisted Securities Index

As at Friday, 1 July 2016, the index closed at 662.51 (up 1.95% on previous close)

  

Top Trading Securities

 

  

Participating Institution Activity - 2016   

Top 10 by value – week ending 1 July 2016

Top 10 by volume – week ending 1 July 2016
 

MARKET IN NUMBERS (YTD –1JULY 2016)

 

CLOSING PRICES AS AT 1JULY 2016 AND INDEX

MACRO-ECONOMIC DATA AS AT 1 JULY 2016

 

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