Market Records Significant Positivity; New e-dividend Management System Launched–Jul ’15 SSS Report

Proshare

Tuesday, August 04, 2015 04.05PM / sss@proshareng.com

 
Market performance in the month of July 2015 remained relatively bearish as the key benchmark indicator closed the month red with -9.79% losses as against -2.49% recorded in June while market YTD performance also closed in red with -12.92% losses.


Despite the negative market outlook depicted by the benchmark index, market still record some positives as discussed at the last Capital Market Committee Meeting buttressed this fact with the launch of the e-dividend mandate management system by SEC in collaboration with CBN and NIBSS being a significant breakthrough.


As part of the discussions at the CMC Meeting, it is expected that Nigerian Capital Market will witness more positives as the committee stressed its commitment to reviewing transaction costs in the market, full dematerialization of certificates, market integration with West African neighbors as well as full automation of other processes in the market in order to bring it to world class standards. 


As market regulators continue to exert more efforts to their investors’ protection and market development functions, primary market activities in the month remains relatively non-active as market witnessed no IPOs or Rights Issues while indications emerged that the NSE is currently considering three news ETFs.


In this edition of The Nigerian Capital Market Service Report, we continued the updates of our various data section with latest updates required in the report and also added a new section such as Economic indicators and upcoming events in the market and the economy.


This is to ensure that we deliver a comprehensive capital market service report that helps cover and track innovations, developments as well as service issues in the market effectively.


In all, the July 2015 SSS Quality Report is a snapshot and aide memoire of these developments as we keep tracking milestones that the investing public should be aware of.


Do feel free to share your opinions/observations and feedback with us vide sss@proshareng.com


Thank you.

Kindly DOWNLOAD Report Here 


For: Analyst Editorial Board

 

Reshu BAGGA

CEO, The Analyst


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