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

Proshare

Monday, June 04, 2018 04:00 PM /research@proshareng.com 

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 research@proshareng.com 

Thank you. 

For: Analyst Editorial Board

Reshu BAGGA

CEO, The Analyst

 

Proshare Nigeria Pvt. Ltd.


Related News

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

2.      Market End Q1 2018 Green as FMDQ Admits N3.15bn LAPO MFB SPV PLC Bond to its Platform

3.      Stock Market Closes Lower in February 2018; FMDQ Admits 7-Year FGN Roads Sukuk to its Platform

4.      NSEASI Closes Jan 2018 Positive as New Par Value Rule Takes Effect; FMDQ Achieves N142trn Turnover

5.      FMDQ Clocks 4 Yrs in Operation as Dufil Prima Foods Plc Lists its N10bn Fixed Rate Bond

6.      Lafarge and FCMB Register CP Programmes on FMDQ; Market Resumes Uptrend With 3.50% Gain in October

7.      Market Ends Q3’17 With 7.01% Gain as FMDQ Approves Registration of Wema Bank N50bn Commercial Paper

8.     FMDQ Launches Investor Protection Fund as SEC Issues Final Directives to CMOs on Reg Info Update

9.      FMDQ Lists Pioneer Infrastructure Debt Fund as SEC Directs CMOs and PLCs to Comply With VAIDS

10.  FMDQ Launches Process for Onboarding of FX Corporate Clients as Market Ends Q2'17 Green

11.   Market Closes May Stronger as FMDQ Commences Publication of Weekly Turnover in I & E FX Window

12.  Autonomous FX Fixing Goes Live on FMDQ as CBN Launches NEW FX Window

13.  Market Ends Q1’17 Bearish as NSE Lists FGN Savings Bonds Series 1- Mar ’17 SSS Report

14.  NSE Witnesses Second New Listing in 2017; Market Sustains Downtrend - Feb '17 SSS Report

15.   NSE Records First New Listing in 2017; Proshare Launches Mobile APP - Jan '17 SSS Report

 

READ MORE:
Related News
SCROLL TO TOP