The outlook for Nigerian Stock Market in Q4’14 remains blurred as the bearish trend gained tempo at the end of Q3’14, starting the month of October into Q4’14 with active sell-down. In the last three quarters, we have seen mixed and unimpressive performance trend in the market as YTD remains in negative zone with falling enthusiasm.
On a monthly basis, The Nigerian Stock Exchange polls trading figures from major custodians and market operators on their foreign portfolio investments (FPI). The table below shows an analysis of transactions on The Exchange at the end of August 2014.
Despite the bearish trend witnessed in the Nigerian Capital Market for a couple of weeks now, minimal but steady improvement have been observed both in primary market activities as well as other aspects of the market; as new products are been launched while the regulatory sect continue to uphold market standards.
The Deutsche Börse is the latest of a growing number of stock exchanges that have joined the United Nations-supported Sustainable Stock Exchanges (SSE) Initiative aimed at encouraging listed companies to adhere to specific environmental, social, and corporate governance (ESG) guidelines.
Shifting attention away from the next quarter’s results towards sustainability parameters indicative of long-term objectives, has been a challenge for stock exchanges the world over. Only recently has the concept of socially responsible investment (SRI) moved out of its niche and onto the main market.
Faced with common global economic, social, and environmental challenges, the international community is in the process of defining a set of Sustainable Development Goals (SDGs). As part of the United Nations post-2015 agenda, the SDGs will play a crucial role in catalysing efforts to address the most urgent priorities for the twenty-first century. Every institution, in every sector, will have a moral imperative to contribute to achieving the global goals. Stock exchanges and capital market regulators are gearing up to be part of the solution.