NSEASI Closes Jan 2018 Positive as New Par Value Rule Takes Effect; FMDQ Achieves N142trn Turnover


Friday, February 02, 2018 7:00PM /research@proshareng.com 

Nigerian Stock Market closed the first month of the year, January 2018, positive as the NSEASI inched up by +15.95% as against +0.79% uptrend recorded in the month of December 2017. 

The Nigerian Stock Exchange (NSE) held its 2017 Market Recap and Outlook for 2018 session during the month under review. The Exchange plans to launch Exchange Traded Derivative instruments in 2018 and as well continue to engage with the government on privatization and listing of state owned enterprises in collaboration with the private sector. 

Also, the NSE amended par value and pricing methodology rules which have been approved by the Securities and Exchange Commission (SEC) took effective on Monday, 29 January 2018. Proshare Research has been following up on the new with daily updates and commentaries on affected stocks. 

The Securities and Exchange Commission (SEC) has announced an extention of the free e-dividend registration exercise till February 28, 2018. This will enable shareholders that are yet to register to approach their Banks or Registrars to mandate their Bank Accounts for the collection of their Dividends electronically, including unclaimed dividends, not exceeding 12 years of issue. 

The FMDQ OTC markets in its January 2018 spotlight highlighted that the 19th Naira- OTC FX Futures Contract Matured and Settled on FMDQ on Wednesday, January 31, 2018. Other activities around the FMDQ OTC market are: FMDQ Achieves 142.00 trillion Market Turnover in 2017 and the Approval Listings of Stanbic IBTC Asset Management Funds on its Platform 

In this edition of The Nigerian Capital Market Service Report, we continue the updates of our data section with latest figures on Economic indicators & Upcoming Events in the market and 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 January 2018 SSS Quality Report is a snapshot and aide memoire of developments in our market - tracking milestones that the investing public should be aware of. Do feel free to share your opinions/observations and feedback with us vide research@proshareng.com 

Thank you. 

For: Analyst Editorial Board


CEO, The Analyst


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