October 7, 2016/NASD Plc

The market capitalization of admitted securities on the NASD OTC Market as at September 2016 stood at ₦411.28 billion, represented by 111.28 billion shares in issue out of which only 18.40 billion shares (16.54%) have been dematerialised.

The dematerialised volume of 18.40 billion shares represents an increase of 4.31% on the previous level of 17.64 billion shares.

Equities Market
A total of 53.30 million shares worth ₦233.04 million were traded in 280 deals in September 2016 [11.02 million units worth ₦137.47 million traded in 765 deals in the preceding month].

The volume and value traded decreased by 402.08% and 69.51% respectively as compared to the previous month.

The equities market was led by Resourcery Plc and Friesland Campina WAMCO Nigeria Plc which accounted for 88.61% and 81.56% respectively of the volume and value traded.

Bonds Market
A total of 100,000 shares worth ₦100 million were traded in 2 deal in September 2016 compared to 530 units worth ₦530,000 traded in 1 deal in the preceding month.

The Market recorded a negative monthly return on the index as reflected in the downward movement of the Unlisted Securities Index (USI-Market Cap).

The USI closed at 618.93 points as against 649.73 points in the previous month, representing a decrease of 4.70% MoM.