NASD OTC’s Record Breaking Quarter – Q3, 2018
Amidst a flurry of political activities and the much discussed economic malaise within Nigeria, the NASD [OTC] Securities Exchange has experienced an outstanding Q3 performance in the year 2018 compared to previous years.
Total market capitalization and USI for the quarter ending 30 September, 2018 came to ₦480.88bn and 710.60 respectively. This significantly surpassed Q3 performances for 2017 and 2016 which recorded market capitalization of ₦406.075bn and ₦411.28bn respectively.
In the year 2018, Q3 also recorded a 9% increase from Q2’s performance (market capitalization ₦441.018bn & USI 651.69).
As the year 2018 winds down, there is a sense of hopeful expectation in anticipation of Q4’s performance. Regardless of approaching festivities, the economic and political climate, the NASD OTC could yet again pull off a remarkable performance in stark contrast to prevalent economic happenings and dour performances within other markets.
Market in Numbers (Year-to-Date)