CSCS in Investors’ Good Books, Gains 48%

February 23, 2018
Haruna Jalo-Waziri CSCS
Haruna Jalo-Waziri (m)

By Dipo Olowookere

Shares of Central Securities Clearing System (CSCS) Plc on the NASD OTC Securities Exchange Plc are off to a blistering start in 2018, having risen by roughly 48 percent so far.

The sharp Year-To-Date (YTD) rise reflects investors’ strong earnings growth expectations to further improve the fundamentals of the company.

Consequently, total market capitalisation has grown from its year open of N53.7 billion to a close of N79 billion as at Friday, February 23, 2018.

Earlier this year, CSCS Plc unveiled its three-year strategy plan (2018-2020).

This new growth plan is predicated on five key pillars which include: focus on technology, customer centricity, process optimization, forging strategic alliances to expand the capital market ecosystem and revenue growth.

NASD continues to play its role in the growth of Nigerian enterprises by providing a transparent platform where investors can unlock hidden value in their investments.

Dipo Olowookere

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

Mr Olowookere can be reached via [email protected]

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