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Friday,
August 30, 2018 06:30 PM / Research@proshareng.com
Nigeria's Equities Market closed the month of August 2019 southwards as market
sentiment sustained negative posture due to continuous sell pressure. The
NSEASI dipped further by -0.69% as against -7.50% loss recorded in the month of July 2019 while the
NASD USI also closed southwards with -0.50% loss recorded at the end of the month under review as
against -2.99% loss in July 2019.
On
market development, regulation and investors protection, the Securities and
Exchange Commission has announced that it has made progress in the implementation of its consolidation of multiple
shareholder accounts and electronic Dividend Mandate Management System (e-DMMS). The commission stated that about
3.4bn shares have been consolidated while
about 2.7m share accounts have so far been
captured under the e-DMMS.
The Nigerian Stock Exchange has published its derivatives
rulebook which is made pursuant to the Memorandum and Articles of Association
of the NSE and is subject to the provisions of the ISA, and the SEC Rules made
thereunder. The Rulebook is expected to be binding upon Members in their relationship with The Exchange, as between themselves
as Members, and as relates to the business which they conduct as Members of The
Exchange with the general public.
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 August 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
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