H1 2019 Business Performance Mid Year Review

NASD OTC Securities Exchange Market extended its gaining streak with appreciable activities recorded at the end of the (H1 2019). The H1 period saw NASD Investors gains ₦21.77 billion while the NASD OTC Market capitalization closed at ₦536.20 billion, showing investors’ continuous confidence in the market, compared to ₦514.42 billion at the beginning of the year.  The NASD Unlisted Security Index(“NASD-USI”) YTD rose by 0.83%.

The second quarter (Q2) performance ended on a positive note as the NASD-USI and Market Capitalization both increased by 1.33%, closing at 746.34 points and ₦536.20 billion respectively.

  • UBN Property Company PLC (SDUBNPOP) was the most traded security by deals YTD
  • Central Securities Clearing System PLC (SDCSCSPLC) was the security with the highest blue traded YTD

Welcome on board our new Participating Institutions;

  • FIS Securities Limited
  • CenterPoint Investment Limited
  • Rainbow Securities & Investment Limited.

CORPORATE ACTION

A few numbers of companies organized their Annual General Meeting which brought about a perfect opportunity to propose their various dividends, and also engage their shareholders on the 2018 financial year performances.

  • Central Securities Clearing System PLC (SDCSCSPLC) held its Annual General Meeting, on 9th April, 2019. The company proposed a dividend of ₦0.70k to all shareholders.
  • Friesland Campina Wamco Nig. PLC held its 46th Annual General Meeting on Thursday, 20th June, 2019 at the Shell Hall, Muson Centre, Onikan, Lagos.  The company proposed a dividend of ₦6.36k to all shareholders.
  • Niger Delta Exploration and Production PLC held its 24th Annual General Meeting at the Federal Palace Hotel, 6/8 Ahmadu Bello Way, Victoria Island, Lagos on Thursday, 20th June, 2019. The company proposed a dividend of ₦13.00 to all shareholders.
  • Fan Milk PLC held its 54th Annual General Meeting at The Radisson Hotel Ikeja, 42/44 Issac John Street, Ikeja GRA, Lagos on Tuesday, 25th June, 2019.
  • UBN PROPERTY COMPANY PLC held its 9th Annual General Meeting at The Stallion Plaza, 36 Marina, Lagos on Tuesday, 25th June, 2019. The company proposed a Dividend of ₦0.13 to all shareholders.
  • NASD PLC held its 6th Annual General Meeting at The Westwood Hotel, 22 Awolowo Road Ikoyi, Lagos, on Wednesday, 17th July, 2019.
  •  Allianz Nigeria Insurance PLC will held its 20th Annual General Meeting at The Federal Palace Hotel, 6-8 Ahmadu Bello Way, Victoria Island, Lagos, on Friday, 19thJuly, 2019.

Upcoming Annual General meeting

  • Nigeria Mortgage Refinance Company PLC will hold its 5th Annual General Meeting at The Abora Hall, Eko Hotels & Suits, Victoria Island, Lagos, on Wednesday, 10th July, 2019.