Friday, September 04, 2020 01:00 PM / Research@proshareng.com / Header Image Credit: EcoGraphics
Nigerian Stock Market closed the month of August 2020 positive as market witnessed renewed bargain hunting during the month under review. The NSEASI inched up by +2.57% as against +0.88% gain recorded in the month of July 2020 while the NASD USI closed northwards with +1.47% gain recorded at the end of the month under review as against -2.05% loss in July 2020.
YTD, the NSEASI has dipped by -5.64% while the NASD USI inched up by +1.95% so far in the year.
On market development, regulation and investors protection, the Nigerian Stock Exchange has proposed new rules as additions to the already existing Rulebook of the NSE. The proposed rules are (a) Rules on Outsourcing of Functions and Shared Services and (b) Rules for Broker to Fintech Collaborations.
Also, the Nigerian Stock Exchange announced an upgrade its whistleblowing platform, X-Whistle. The upgrade is expected to help strengthen investors protection as any member of the public can report possible violations of the rules and regulations of The Exchange, the securities law and fraud related to activity within the capital market through the portal.
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 2020 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