NASD Market CAP Declines by -0.22% WoW to N485.11bn

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Culled—Proshare

October 26, 2018/NASD Plc

Cappa & D’Alberto AGM / Ensure EGM

Nigeria’s oldest Construction Company (operating since 1932), and one of the most prominent within its Industry – Cappa & D’ Alberto Plc, held its sixty-eight Annual General Meeting (AGM) at the Muson Centre, Onikan, Lagos on Tuesday, 16th October, 2018.

Shareholders in attendance were in a particularly cheerful mood as part of the agenda for the day was the declaration of a dividend payment totaling an estimated N246million. Also, tribute was paid to Comm. Giulion Giovanni Gianotti who recently passed on the 15th of July, 2018. He joined the firm in 1947, going on to become the Managing Director and later holding the position of Chairman before he passed.

Ensure PLC on the 26th of October, 2018 also held an Extra-ordinary General (EGM) at The Civic Centre, Victoria Island, Lagos. The brief EGM was held in order to formally inform shareholders about a name change from Ensure Plc to Allianz Nigeria Limited Plc. Also, shareholders were notified about an intended additional rights issuance which will take the total issued share capital to N15.64bn (increment of 11.280bn shares @ 50K/share) from N10bn.The EGM concluded with a notice of director re-elections, while members assuredly voted in favour.

Market Activities For Week 43

As at close of trade week on 26 October 2018, market Capitalisation decrease to ₦485.11 billion from last week’s previous ₦486.18 billion, which shows a 0.22% decline in Capitalisation. Also the USI for the week ending 26 October, 2018 recorded a 0.22% decrease from 699.51 points to 697.97 points.

Trade Summary

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Market in Numbers (Year-to-Date)

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Macroeconomic Indicators 

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