Friday, September 01, 2017, 3.00PM / email@example.com
Nigerian Stock Market retracted after five months of positive stance as the key benchmark indicator, NSEASI, closed the month of August 2017 in the red zone with -0.96% loss as against +8.24% uptrend recorded in the month of July 2017 while NSE ASI YTD performance stands at +32.11% at the end of the month under review.
On market development and regulations, the Securities and Exchange Commission (SEC) directed all CMOs to provide updated information of their Companies/Firms. This represents the regulators final directives to the affected CMOs. It will be recalled that similar directive was issues in May 2017
Furthermore, the Nigerian Stock Exchange launched a state-of-the art Data Centre which will enable the exchange to offer secure cloud services to both market operators and any firm interested in having a low-cost, highly available service for its customer base. This initiative will thus position the NSE as a world class Exchange with best-in-class technology.
The FMDQ OTC markets in its August 2017 spotlight highlighted that the 14th Naira-settled OTC FX Futures Contract Matured and Settled on FMDQ on Wednesday, August 16, 2017. Other activities around the FMDQ OTC market are the launch of Investors’ Protection Bonds and Sub-Saharan Africa; and the Ecobank Nigeria Ltd Quotation of ₦12.53bn Worth of Commercial Papers on FMDQ.
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 2017 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