Monday, October 05, 2015 09.10AM / email@example.com
Equity Market recorded improved sentiment at the end of September 2015 as the bench indicator turns green (+5.16%) after four months of consecutive negative outlook with highest loss of -9.79% recorded in July 2015 while market YTD performance also remained in the red zone with -9.92% losses.
Market regulators continue to forge ahead with their market development and investors’ protection functions with The Nigerian Stock Exchange improving on its minimum operating standards by putting mechanisms in place to help improve upon brokers’ activities with its automation of regulatory and oversight functions of The Exchange over Dealing Firms through the broker oversight and supervision system.
Also, The Securities & Exchange Commission released the lists of Capital Market Operators that have complied with new minimum capital requirements as at 29th September, 2015 and also takes a step further to publish procedures for moving stock accounts which serves as the guidelines for moving stock accounts from an under-capitalized broker/dealer.
Primary market activities in the month remained unchanged against previous month record as market witnessed no IPOs or Rights Issues. The Stanbic IBTC Holding rights issues which was earlier approved by SEC was put on hold while market still awaits update from UACN on its intended rights issue.
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 as well the update 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 September 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.
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For: Analyst Editorial Board
CEO, The Analyst