August 30, 2018 06:30 PM / Research@proshareng.com
Nigeria's Equities Market closed the month of August 2019 southwards as market sentiment sustained negative posture due to continuous sell pressure. The NSEASI dipped further by -0.69% as against -7.50% loss recorded in the month of July 2019 while the NASD USI also closed southwards with -0.50% loss recorded at the end of the month under review as against -2.99% loss in July 2019.
On market development, regulation and investors protection, the Securities and Exchange Commission has announced that it has made progress in the implementation of its consolidation of multiple shareholder accounts and electronic Dividend Mandate Management System (e-DMMS). The commission stated that about 3.4bn shares have been consolidated while about 2.7m share accounts have so far been captured under the e-DMMS.
The Nigerian Stock Exchange has published its derivatives rulebook which is made pursuant to the Memorandum and Articles of Association of the NSE and is subject to the provisions of the ISA, and the SEC Rules made thereunder. The Rulebook is expected to be binding upon Members in their relationship with The Exchange, as between themselves as Members, and as relates to the business which they conduct as Members of The Exchange with the general public.
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 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 firstname.lastname@example.org
For: Analyst Editorial Board
CEO, The Analyst