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Market Closes April 2018 Red as SEC Publishes Report for Enhancing Commodities Trading Ecosystem

Proshare

Tuesday, May 01, 2018 02:00 PM /research@proshareng.com

 

Nigerian Equities Market closed the month of April 2018 further lower as NSEASI sheds -0.57% as against -4.21% loss recorded in the month of March 2018. Market YTD return stands at +7.91% at the end of the month under review.

 

On market development and regulation, the Securities and Exchange Commission, has published for exposure the report of the technical committee on the enhancing of the commodities trading ecosystem as one of the critical objectives of the Nigerian Capital Market Master Plan.

 

Also, the Nigerian Stock Exchange has successfully migrated ACCESS, WAPCO, UBA and SEPLAT to its premium board sequel to their applications and meeting the Exchange’s listing requirements for the board.

 

The FMDQ OTC markets in its April 2018 spotlight highlighted that the 22nd Naira- OTC FX Futures Contract Matured and Settled on FMDQ on Wednesday, April 22, 2018. Other activities around the FMDQ OTC market are: the Admitting the pioneer Federal Government of Nigeria Roads Sukuk to its Platform and the registration of Coronation Merchant Bank Ltd N100bn Commercial Paper Programme.

 

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 April 2018 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


Download the April 2018 Service Quality Report here.

 

Thank you.

 

For: Analyst Editorial Board

Reshu BAGGA

CEO, The Analyst

 


Proshare Nigeria Pvt. Ltd.


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