Market Trends and Challenges in Q3 2019 Report to Capital Market Committee
Discover insights on the quarterly market performance, market metrics, market cap, top price gainers and losers, and market development in Q3 2019. Learn about the challenges faced and the tasks ahead in improving corporate compliance and securities registration. Stay informed about the Nasdep OTC Market developments and initiatives to strengthen the market ecosystem.
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Presentation Transcript
REPORT TO THE CAPITAL MARKET COMMITTEE Lagos, November 2019 1
NASD MARKET METRICS2019 Quarterly Market Performance Q3 Q2 Q1 Admitted Securities AGMs Held Total Issued Shares (bn units) Dematerialized (%) 39 8 38 10 38 2 Volume Value Deals 20000.00 1200 141.18 140.67 140.67 42.83 37.77 30.40 18000.00 1000 16000.00 Equities Total Deals Volume Traded (bn units) Value Traded (bn) Average deal Value (mn) Bonds Total Deal Count Volume Traded(mm units) 586 0.05 1.25 2.14 652 1.42 2.18 2.06 1046 1.15 5.11 19.79 14000.00 800 12000.00 10000.00 600 8000.00 400 6000.00 Nil Nil Nil 4000.00 Nil Nil Nil 200 2000.00 Value Traded bn Nil Nil Nil 0.00 0 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 2
MARKET CAPAND NSI 2019 Q3 Q2 Q1 Market Cap ( 'bn) 502.64 536.20 544.39 Index 699.63 746.34 757.75 Market Cap USI Change % -6.37 -1.51 2.38 580.00 760.00 560.00 710.00 540.00 520.00 660.00 500.00 610.00 480.00 560.00 460.00 30-Jan-19 28-Feb-19 31-Mar-19 30-Apr-19 31-May-19 30-Jun-19 31-Jul-19 31-Aug-19 30-Sep-19 2019 TOP 5 PRICE GAINERS & LOSERS Gainers Open Jul ( ) Close Sept ( ) Change % Losers Open Jul ( ) Close Sept ( ) Change % 1 UBN PROPERTY PLC 1.5 1.65 10.00% 1 NIPCO PLC 71.5 71 -0.70% 2 NASD PLC TRUSTBOND MORTGAGE BANK PLC NIGER DELTA EXPLORATION & PRODUCTION PLC 3.2 3.49 9.06% 2 AFRILAND PROPERTIES PLC CENTRAL SECURITIES CLEARING SYSTEM PLC FRIESLAND CAMPINA WAMCO NIGERIA PLC 2.37 2.16 -8.86% 3 0.71 0.72 1.41% 3 15.01 13.3 -11.39% 4 294.42 295.47 0.36% 4 155.92 128.79 -17.40%
MARKET DEVELOPMENT Q3 2019 NASDEP OTC MARKET Cultivating relationships across various sectors through new partnerships with industry associations and trade groups. Deployment of NASD MobileApp now available on Play Store Hosted a Stakeholder Forum on the OTC market Development of new rules (Admission of Commercial Papers, Rights Issues, Negotiated Deals and Dealings with Sub-Brokers. Review of Categorisation of Securities into Blue, Pink and Red tiers. Forming partnerships with professional bodies. Collaborating with private equity investors, multilaterals and sovereign funds to deepen pool of investors available on the portal. Steadily increasing number of enterprises matched with SEC registered due diligence advisers on the portal.
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 SEC to mandate full dematerialization of ALL public securities.
