Wednesday, March 04, 2019 04:00 PM / Research@proshareng.com / Header Image Credit: EcoGraphics
Nigeria's Equities Market closed the month of February 2020 in red as market witnessed Sell pressure during the month under review. The NSEASI dipped by -9.11% as against +7.46% gain recorded in the month of January 2020 while the NASD USI closed northwards with +0.26% gain recorded at the end of the month under review as against +0.15% gain in January 2020.
On market development, regulation and investors protection, the Securities and Exchange Commission is to host an international conference on the Nigeria Commodities Market. This is expected to deepen the capital market and have a vibrant commodities exchange
Also, the Nigerian Stock Exchange members assented to the demutualization resolutions at Court Ordered (COM) and Extra-Ordinary General Meetings (EGM) held on March 3rd, 2020. In furtherance this plan, the Exchange will move to file the necessary resolutions from the COM and all other required documents at the CAC and SEC, obtain the Court Order sanctioning of the Scheme, complete all necessary registrations and seek the final approval from the SEC to ultimately demutualise.
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 February 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 firstname.lastname@example.org
For: Analyst Editorial Board
CEO, The Analyst