Service Report | |
Service Report | |
6230 VIEWS | |
![]() |
Thursday,
May 09, 2018 10:54 AM / Research@proshareng.com
Nigerian Stock Market closed the month of April 2019 in red as NSEASI dipped further by -6.06% as against -2.14% loss recorded in the month of March 2019 while the NASD USI closed in green with +0.06% gain recorded at the end of the month under review as against +3.07% gain in March 2019.
On
market development, regulation and investors protection, the Securities and Exchange Commission and the Federal Competition and Consumer Protection Commission (formerly Consumer Protection Council) issued a joint advisory and
guidance on mergers, acquisitions and other business combinations. Following the signing of the Federal Competition and Consumer Protection Act 2019 into law by Presient Muhammadu Buhari in January
2019, a role for the FCCPC is to review all mergers and other
business combinations or arrangements to ensure that such combinations do not
distort or impede the markets becomes effective.
Prior to the enactment of this Act, and transmutation of the Consumer Protection Council (CPC) to the FCCPC, merger reviews, including notifications were handled by the Securities and Exchange Commission (SEC) pursuant to the Investment and Securities Act (ISA).
The FMDQ Hosts Inaugural Meeting for Lagos Financial Centre for
Sustainability, Commences Derivatives Market Training Series for Market
Participants. Other activities around the FMDQ OTC market is the listing of the
FGN latest Eurobonds and the Supporting of Climate Change Solutions and
Sustainable Development as it admits the Pioneer Climate Bond Certified Green
Bond to 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 April 2019 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
Reshu BAGGA
CEO, The Analyst
Related News
1. The March 2019
Nigerian Capital Market Service Report – Proshare
2. The February
2019 Nigerian Capital Market Service Report – Proshare
3. The January 2019
Nigerian Capital Market Service Report – Proshare
4. The November
2018 Nigerian Capital Market Service Report – Proshare
5. The October 2018
Nigerian Capital Market Service Report – Proshare
6. The September
2018 Nigerian Capital Market Service Report – Proshare
7. The August 2018
Nigerian Capital Market Service Report – Proshare
8. The July 2018
Nigerian Capital Market Service Report - Proshare
9. Stock Market
Closes Q2 2018 in Red; FMDQ Unveils Clearing Infrastructure
10. May 2018 SSS
Quality Report: Equities Market Closes Red as NSE Proposes Growth Board Listing
Rules
11. Market Closes
April 2018 Red as SEC Publishes Report for Enhancing Commodities Trading
Ecosystem
12. Market End Q1
2018 Green as FMDQ Admits N3.15bn LAPO MFB SPV PLC Bond to its Platform
13. Stock Market
Closes Lower in February 2018; FMDQ Admits 7-Year FGN Roads Sukuk to its
Platform
14. NSEASI Closes
Jan 2018 Positive as New Par Value Rule Takes Effect; FMDQ Achieves N142trn
Turnover
15. FMDQ Clocks 4
Yrs in Operation as Dufil Prima Foods Plc Lists its N10bn Fixed Rate Bond
16. Lafarge and FCMB
Register CP Programmes on FMDQ; Market Resumes Uptrend With 3.50% Gain in
October
17. Market Ends
Q3’17 With 7.01% Gain as FMDQ Approves Registration of Wema Bank N50bn
Commercial Paper