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Friday, September 04, 2020 01:00 PM / Research@proshareng.com / Header Image Credit: EcoGraphics
Nigerian
Stock Market closed the month of
August 2020 positive as market witnessed renewed bargain hunting during the
month under review. The NSEASI inched up by +2.57% as against +0.88% gain recorded in the
month of July 2020 while the NASD USI closed northwards with +1.47% gain recorded at the
end of the month under review as against -2.05% loss in July 2020.
YTD, the
NSEASI has dipped by -5.64% while the NASD USI inched up by +1.95% so far in the
year.
On
market development, regulation and investors protection, the Nigerian Stock Exchange
has proposed new rules as additions to the already existing Rulebook of the
NSE. The proposed rules are (a)
Rules on Outsourcing of Functions and Shared Services and (b) Rules for Broker
to Fintech Collaborations.
Also, the Nigerian Stock Exchange announced an upgrade its whistleblowing
platform, X-Whistle. The upgrade is expected to help strengthen investors protection as any
member of the public can report
possible violations of the rules and regulations of The Exchange, the
securities law and fraud related to activity within the capital market through the portal.
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 2020 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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