Thursday, November 03, 2016, 11.36am / email@example.com
Stock market activities closed negative in the month of October 2016 as the key market indicator, NSEASI, dropped by -3.94% as against +2.67% gain recorded in the month of September 2016 while market YTD performance extends further to remain in the red zone and stands at -4.97%.
On market development and regulations, the Nigerian Stock Exchange organized a one day market data workshop. The event was organized to sensitize and create awareness about the role of market data in making sound investment decisions while new trends in market trading were also displayed at the maiden workshop.
Also, the NSE recorded its first listing in the year 2016. The shares of The Initiates Plc were listed by introduction on the Alternative Securities Market (ASeM) Board on Tuesday, October 25, 2016. The company listed a total of 889,981,552 ordinary shares at N0.85k.
Proshare Nigeria Limited, Nigeria’s No1 Financial Information Hub, has completed its market coverage by collaborating with FMDQ to launch Fixed Income and FX Price Ticker Tape on its website.
It will be recalled that Proshare had earlier signed similar agreement with NASD Plc aimed at communicating the activities and developments around the NASD OTC market. Proshare has now being able to create a nexus between the NSE, NASD and the FMDQ for discerning investors.
The FMDQ OTC markets in its October spotlight highlighted that the fourth OTC FX Futures Contract Matures and Settles on FMDQ with a notional amount of $270.63mm approximately on Wednesday, October 26, 2016. Other activities around the FMDQ OTC market are the Securities Exchange commencement of the listing of short-term bonds and the admission of N14.98bn Merchant Bank Commercial Paper 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 October 2016 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 firstname.lastname@example.org
For: Analyst Editorial Board
CEO, The Analyst