The July 2019 Nigerian Capital Market Service Report – Proshare

Tuesday, August 06, 2018 03:00 PM / Research@proshareng.com

Nigerian Stock Market closed the month of July 2019 southwards as market sentiment remained negative. The NSEASI dipped further by -7.50% as against -3.55% loss recorded in the month of June 2019 while the NASD USI also closed southwards with -2.99% loss recorded at the end of the month under review as against -0.30% loss in June 2019.

On market development, regulation and investors protection, the Securities and Exchange Commission continued the verification of claims of unpaid investors of the illegal investment scheme organised by Dantata Success and Profitable Company. The verification exercise is sequel to the appointment of joint administrators/trustees for the Company and in pursuant to section 13 and 173 of the Investment and Securities Act, and consequent to an Ex parte Order granted by the Federal High Court, Kano.

NASD Plc held its 6^th Annual General Meeting for the 2018 financial year. Its 2018 financial statement was presented at the meeting, the OTC Exchange recorded 300% growth in revenue. It declared a revenue of N30.77bn in 2018 as against N4.37bn in 2017. Trading activity on the Exchange increased during the year 2018 by 5.17% as the number of trades executed on the NASD OTC during the preceding period of 2017.

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 July 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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