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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 6th
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
Related News
1. The
June 2019 Nigerian Capital Market Service Report – Proshare
2. The
May 2019 Nigerian Capital Market Service Report – Proshare
3. The April 2019
Nigerian Capital Market Service Report – Proshare
4. The March 2019
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5. The February
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6. The January 2019
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7. The November
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8. The October 2018
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9. The September
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10. The August 2018
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