May 2018 SSS Quality Report: Equities Market Closes Red as NSE Proposes Growth Board Listing Rules


Monday, June 04, 2018 04:00 PM / 

Nigeria’s Equities Market closed the month of May 2018 further in red as NSEASI Dips by -7.67% as against -0.57% loss recorded in the month of April 2018 while market YTD return hits negative territory as it stood at -0.36% at the end of the month under review. 

On market development and regulation, the Securities and Exchange Commission published and notified the general public, under a duty to protect the investors, to be aware of the activities of illegal operators and promoters of fraudulent schemes in the capital market. 

Also, the Nigerian Stock Exchange proposed rules on free floats, rules for listing of REITs and rules for listing on the Growth Board of the NSE. Participation in the proposed rules and rule amendments is required by the way of reviewing and proving comments. 

The FMDQ OTC markets in its May 2018 spotlight highlighted that the 23rd Naira- OTC FX Futures Contract Matured and Settled on FMDQ on Wednesday, May 30, 2018. Other activities around the FMDQ OTC market are: the FMDQ Commercial Paper Market which hits N12.34trn mark and the quotation of N47.50bn worth of commercial paper on the OTC Exchange. 

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 May 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 

Thank you. 

For: Analyst Editorial Board


CEO, The Analyst


Proshare Nigeria Pvt. Ltd.

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