Economy
Sell-off in CSCS Chops NASD Market Capitalisation by 0.69%
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange market capitalisation went down on Tuesday by N3.65 to N529.29 billion from N532.94 billion on Monday.
Also, data from the exchange showed that the index of the unlisted securities market, NASD Unlisted Security Index (NSI), depleted by 4.97 points or 0.69 per cent to 720.54 points from Monday’s 725.51 points.
It was observed by Business Post that the contraction in the benchmark indicators came as a result of the sell-off witnessed in the shares of Central Securities Clearing Systems (CSCS) Plc, giving the bourse its first loss for the week.
The securities depository company, which ended as the sole decliner at the session, saw its equity price declining by 73 kobo or 5.3 per cent to N13.77 per share in contrast to N14.50 per unit it sold the previous day.
On the activity chart, the total volume of securities traded by investors at the session went up by 478.9 per cent to 239,660 units from 41,394 units.
These transactions came from 18 deals executed at the exchange on securities belonging to CSCS Plc (14 deals), FrieslandCampina WAMCO Nigeria Plc (two deals), Niger Delta Exploration and Production (NDEP) Plc and Nipco Plc with one deal each.
Business Post reports further that all the shares traded on Tuesday amounted to N3.9 million, 65.6 per cent lower than the N11.4 million realised at the previous session.
Underwriting firm, ARM Life Plc, closed the session as the company with the highest number of traded stocks (year-to-date) with 7.4 billion units of its shares worth N4.6 billion.
CSCS Plc was in second place with 201.3 million units worth N2.7 billion, while Food Concept Plc held the third position with 125.1 million units of its shares worth N88.1 million.
Equally, ARM Life Plc also maintained its position as the company with the most traded stock by value with 7.4 billion units of securities traded for N4.6 billion.
Oil and gas investment company, NDEP Plc, settled for the second spot after trading 8.8 million units of its securities valued at N2.7 billion, while CSCS Plc occupied the third position with 201.3 million units valued at N2.7 billion.
The three awards were presented for the following submissions:
1. Best Use of Content – Gold Award
This campaign showcased CDC’s 25-year journey through a collaboration with neurodivergent artist Danial Khushairi. His artwork brought CDC’s transformation from pioneering Malaysia’s ePerolehan system to being a technological leader to life. By leveraging Danial’s art across branded merchandise, a microsite, and social media platforms, the campaign embodied CDC’s commitment to inclusivity and sustainability while capturing the essence of its growth and achievements.
2. Employee Communications- Gold Award
CDC breaks the stereotype of IT workers by instilling values that foster camaraderie, health, and a spur of adventure. Through their company values, CDC has nurtured an active workforce, engaging in events like ‘CDC Strides and an expedition to Kilimanjaro. Employees connected beyond the office, supporting communities, and living out values di collaboration and integrity. These efforts have not only strengthened CDC’s culture but also enhanced its brand visibility, making its 25th-anniversary celebration a milestone of unity, health, and appreciation for the outdoors.
3. Public Affairs – Gold Award
Aimed at addressing procurement challenges and promoting ethical practices, CDC’s Strong Ethics Nurture Integrity campaign featured the National Procurement Conference (NPC) 2024. Organized in collaboration with MICG and supported by MACC, the event brought together over 400 procurement professionals to discuss integrity and governance. Internally, CDC reinforced its message through sustained communication efforts, ensuring both staff and external stakeholders embraced the campaign’s core values.
These recognitions follow CDC’s long-standing commitment to championing ethical practices, aligning with its vision of fostering transparency and accountability across the procurement landscape.
“Our success at MPRA 2024 reflects the incredible dedication and creativity of our CCM team,” said Hafidz Bin Ahmad Zehnun, Vice President of Corporate Planning & CCM. “To win three golds in one night is an extraordinary achievement and reflects CDC’s commitment to excellence and integrity at every level. This recognition inspires us to continue raising the bar as we lead with purpose and innovation.”
As CDC celebrates its 25th anniversary, these accolades reaffirm the company’s enduring mission to lead with integrity and innovation, setting new benchmarks for excellence in corporate communications and public affairs.
Hashtag: #business #corporate #cdc #integrity #transparency #campaign #commercedotcom #cdc #publicaffairs #employeecommunications
https://www.commercedc.com.my
https://www.linkedin.com/company/commercedotcom/mycompany/
https://www.facebook.com/profile.php?id=61558998332392
https://www.instagram.com/commercedotcomm/
The issuer is solely responsible for the content of this announcement.
About Commerce Dot Com Sdn Bhd
Established in 1999 as a procurement solutions provider, Commerce Dot Com Sdn. Bhd. (CDC) is a government-linked company under the Ministry of Finance whereby the ministry’s corporate arm, Ministry of Finance (Incorporated), holds a golden share in the company. With over 20 years of experience under its belt, CDC has established itself as among the leading procurement solutions providers in Malaysia and has a well-earned reputation for providing exceptional services through its innovative solutions.
The three awards were presented for the following submissions:
1. Best Use of Content – Gold Award
This campaign showcased CDC’s 25-year journey through a collaboration with neurodivergent artist Danial Khushairi. His artwork brought CDC’s transformation from pioneering Malaysia’s ePerolehan system to being a technological leader to life. By leveraging Danial’s art across branded merchandise, a microsite, and social media platforms, the campaign embodied CDC’s commitment to inclusivity and sustainability while capturing the essence of its growth and achievements.
2. Employee Communications- Gold Award
CDC breaks the stereotype of IT workers by instilling values that foster camaraderie, health, and a spur of adventure. Through their company values, CDC has nurtured an active workforce, engaging in events like ‘CDC Strides and an expedition to Kilimanjaro. Employees connected beyond the office, supporting communities, and living out values di collaboration and integrity. These efforts have not only strengthened CDC’s culture but also enhanced its brand visibility, making its 25th-anniversary celebration a milestone of unity, health, and appreciation for the outdoors.
3. Public Affairs – Gold Award
Aimed at addressing procurement challenges and promoting ethical practices, CDC’s Strong Ethics Nurture Integrity campaign featured the National Procurement Conference (NPC) 2024. Organized in collaboration with MICG and supported by MACC, the event brought together over 400 procurement professionals to discuss integrity and governance. Internally, CDC reinforced its message through sustained communication efforts, ensuring both staff and external stakeholders embraced the campaign’s core values.
These recognitions follow CDC’s long-standing commitment to championing ethical practices, aligning with its vision of fostering transparency and accountability across the procurement landscape.
“Our success at MPRA 2024 reflects the incredible dedication and creativity of our CCM team,” said Hafidz Bin Ahmad Zehnun, Vice President of Corporate Planning & CCM. “To win three golds in one night is an extraordinary achievement and reflects CDC’s commitment to excellence and integrity at every level. This recognition inspires us to continue raising the bar as we lead with purpose and innovation.”
As CDC celebrates its 25th anniversary, these accolades reaffirm the company’s enduring mission to lead with integrity and innovation, setting new benchmarks for excellence in corporate communications and public affairs.
Hashtag: #business #corporate #cdc #integrity #transparency #campaign #commercedotcom #cdc #publicaffairs #employeecommunications
https://www.commercedc.com.my
https://www.linkedin.com/company/commercedotcom/mycompany/
https://www.facebook.com/profile.php?id=61558998332392
https://www.instagram.com/commercedotcomm/
The issuer is solely responsible for the content of this announcement.
About Commerce Dot Com Sdn Bhd
Established in 1999 as a procurement solutions provider, Commerce Dot Com Sdn. Bhd. (CDC) is a government-linked company under the Ministry of Finance whereby the ministry’s corporate arm, Ministry of Finance (Incorporated), holds a golden share in the company. With over 20 years of experience under its belt, CDC has established itself as among the leading procurement solutions providers in Malaysia and has a well-earned reputation for providing exceptional services through its innovative solutions.
In the Large Companies category (over 1,000 employees), Roshn secured the top position for its commitment to fostering an inclusive and engaging work culture. It was followed by the Royal Commission for AlUla, dedicated to preserving Saudi Arabia’s cultural heritage, and International Maritime Industries, a leader in the maritime sector. Other companies in the top 10 include Panda, Saudi Air Navigation Services, Extra, Jana MS, Bindawood, Gasco, and Saudia Technic.
In the Mid-Sized Companies category (101–1,000 employees), First Milling Company led the rankings, recognized for its role in Saudi Arabia’s food sector. Pfizer Saudi, a leading biopharmaceutical company, and Matarat Holding, focused on aviation and airport operations, took second and third places, respectively. Xerox Saudi and Al Rugaib Holding rounded out the top five, with additional companies like the Islamic Development Bank, Bidaya Finance, and Saudia Cargo included in the top 18.
For Small Companies (fewer than 100 employees), Alnahdi Family Office ranked first, followed by Saudi Downtown Company and Al Ramz. Falak Investment Hub, supporting entrepreneurs and startups, and AXS, a leader in IT consulting, completed the top five. Other recognized companies include Emkan Education, Madar, and Aseer Investment.
Special awards were given to organizations demonstrating excellence in areas like diversity, employee well-being, and HR practices. Resal was honored for its well-being initiatives, while Modern Building Leaders received recognition for exceptional HR practices.
This year’s survey revealed that 80% of employees at certified organizations feel pride in their work, inspired by leadership, and positive about their company’s community contributions. The study also highlighted that the new generation of Saudi talent values growth opportunities, equity, diversity, inclusion, and individuality.
For more information, visit: www.bestplacestoworkfor.org.
Hashtag: #BestPlacestoWork
The issuer is solely responsible for the content of this announcement.
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