UBN Property Company shares now trade on NASD OTC market
by Iheanyi Nwachukwu
February 22, 2018 | 12:00 am| | | Start Conversation
Shares of UBN Property Company Plc have been approved to trade on the NASD OTC market. The security priced at N2 was introduced by Equity Capital Solutions Limited by way of Security Admission.
UBN Property Company Plc joins MIXTA Real Estate Plc and Afriland Properties Plc as securities in the real estate financials segment of the NASD OTC Market. This brings the total number of admitted securities trading on the OTC Market to 36.
UBN Property Company Plc is a subsidiary Union Bank of Nigeria. The company was incorporated on March 24, 2003.The Company is involved in the development, sale and management of residential and office accommodation for corporate bodies and individuals. With a diverse real estate portfolio, UBN Property Company Plc is a leading real estate company in Nigeria.
In the trading week to February 16, OTC market sustained positive momentum. For instance, the NASD OTC market maintained its week-on-week (wow) positive momentum, as the NASD Unlisted Securities Index (USI) advanced by 3.7percent to close last week at 655.96 points (as against 632.52 points recorded the preceding Friday). Consequently, total market capitalisation increased by 3.7percent last week to close higher at N443.90 billion compared to N428.05 billion the preceding Friday.
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