Market Metrics and Development Report 2018: Overview and Challenges
Explore the market performance metrics of the NASD OTC market in 2018, including quarterly performance, market cap, top gainers and losers, and notable market developments. Discover challenges and next tasks for improving corporate compliance and registration with SEC.
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REPORT TO THE CAPITAL MARKET COMMITTEE Lagos, March 2019 1
NASD MARKET METRICS2018 Q4 39 5 150.71* 30.74 Q3 38 7 146.31** 31.50 Q2 38 5 119.12 32.17 Q1 38 2 119.12 38.33 Quarterly Market Performance Admitted Securities AGM s Held Total Issued Shares (bn units) Dematerialized (%) Volume Value Deals Equities Total Deals Volume Traded (bn units) Value Traded (bn) Average deal Value (mn) Bonds Total Deal Count Volume Traded(mm units) 20000.00 900 663 0.95 11.85 17.87 790 17.16 13.64 17.20 828 0.67 1.70 2.06 540 0.35 3.59 5.54 18000.00 800 16000.00 19 46 4 10 202 700 444.09 486.65 31.50 14000.00 Value Traded bn 4.44 48.26 3.15 2.02 600 12000.00 500 10000.00 * The Introduction of Providus Bank Plc ** Increased Issued share of Mixta Real Estate and Food concept 400 8000.00 300 6000.00 200 4000.00 100 2000.00 0.00 0 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 2
MARKET CAPAND USI 2018 Q4 Q3 Q2 Q1 Market Cap ( 'bn) 514.66 480.80 441.02 449.23 Index 740.66 710.60 651.69 663.82 Change % 7.05 9.04 -1.82 10 Market Cap USI 760.00 500.00 490.00 740.00 480.00 720.00 470.00 700.00 460.00 680.00 450.00 660.00 440.00 640.00 430.00 620.00 420.00 600.00 410.00 580.00 400.00 560.00 390.00 30-01-2018 28-02-2018 31-03-2018 30-04-2018 31-05-2018 30-06-2018 31-07-2018 31-08-2018 30-09-2018 31-10-2018 30-11-2018 31-12-2018 2018 TOP 5 PRICE GAINERS & LOSERS Gainers Open Jan 1 ( ) Close Dec 31 ( ) Change % Losers Open Jan 1 ( ) Close Dec 31 ( ) Change % 1 NDEP Plc 123.01 308.00 +158.5% 1 ACORN Plc 0.25 0.16 -36% 2 CAPPA D ALBERTO Plc 45.93 33.00 -26% 2 CSCS Plc 7.15 12.00 +77.6% 3 FCWAMCO Plc 147.00 164.55 +20.2% 3 GEO-FLUID Plc 0.58 0.48 -17.2% 4 Trustbond Bank Plc 0.60 0.71 +18.3% 4 UBN Property Plc 2.00 1.50 -17% 5 IGI Plc 0.06 0.07 +16.7% 5 Vital Product Plc 2.59 2.33 -10%
MARKET DEVELOPMENT 2018 NASDEP OTC MARKET Cultivating appropriate onboards in Energy, Visited numerous PLC s registered with SEC. Observed 19 AGMs of trading Securities. Official Launch of NASD Data Portal Repository. Website upgrade to allow better access of NASD information. Initiation of Value Weighted Average Pricing model (VWAP) to determine stocks close price. The Penalties for Breaches of the Rules & Regulations of NASD OTC Market and Trade Guarantee Fund Rules has been approved by SEC in November 2018. Manufacturing, Agric and FinTech sectors. Co-Hosted 1st Nigeria-Canada Investment Summit. Completed membership of LCCI (Lagos Chamber of Commerce & Industry). Incubators have commenced loading alumni enterprises
CHALLENGES / NEXTTASKS Improving corporate compliance levels with Investment and Securities Act 2007 Registration of Public Securities with SEC Failure of public companies to render regular returns Limited financial information Company Secretaries running parallel OTC markets
