As at close of trade week ended March 1, 2019, the market capitalisation of NASD OTC unlisted securities increased by N11.04percent or 2.09percent to N538.29 billion from preceding week’s low of N527.25 billion.

Also the Unlisted Securities Index (USI) for the review trading week recorded an increase from 733.89 points to 749.25 points. There currently 39 admitted securities on the NASD OTC market; 244 registered brokers; 130 Participating Institutions (PIs). The market has 43.87 billion dematerialised equities, which represents 29.03percent of the total traded.

The volume equities traded year-to-date (ytd) at the OTC market is 996.05million; value traded (YtD) is N2.65billion while the number of trades (YtD) stood at 823 on Friday March 1, 2019.

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In the review trading week, the OTC market for unlisted securities recorded NASD Plc as highest gainer by N5.41, from N2.59 to N2.73, followed by Central Securities Clearing System Plc which was up by N7.37, from N12.21 to N13.11; while Friesland Campina Wamco Nigeria Plc advanced by N6.21, from N161 to N171. On the losers table, Niger Delta Exploration & Production Plc recorded the highest price decline, from N282.86to N301, after losing N6.03.

 

Iheanyi Nwachukwu

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By Iheanyi Nwachukwu • March 1, 2019

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.

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