The January 2019 Nigerian Capital Market Service Report – Proshare

Thursday, February 07, 2018 06:58 PM / Research@proshareng.com

Nigerian Stock Market closed the month of January 2019 in red as NSEASI dipped by-2.70% as against +1.80% gain recorded in the month of December 2018 while the NASD USI closed in green with +0.21% gain recorded at the end of the month under review. 

On market development, regulation and investors’ protection, the Nigerian Stock Exchange during the month released its 2018 review and outlook for the year 2019. The Exchange anticipates volatility in the equities markets in H1 2019 and beliefs the swift approval and implementation of the 2019 budget will have a positive impact on companies’ earnings as well as consumer spending. Thus, expects an uptick in market activity in H2 2019.

Also, Proshare NG released its 2018 market review and outlook 2019 report with a review and outlook page which housed all CMOs and agencies outlooks for 2019 online also launched.

On February 1st, 2019, Proshare NG and AFEX signed an agreement to form a strategic partnership in order to boost the Nigerian Commodities Market. This collaboration is expected to help Proshare once again fulfill its remit of enlightening, educating and empowering investors through the provision of credible, reliable and timely information relevant for intelligent investing.

The FMDQ Admitted Sterling Investment Management SPV PLC ₦32.90 billion Bond to its Platform while Eterna PLC Raised Capital in the Commercial Papers Market. Other activity around the FMDQ OTC market is the FMDQ 2018 Highlights and Outlook for 2019. 

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 January 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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