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The February 2021 Nigerian Capital Market Service Report - Proshare

Service Report	1608 VIEWS
Service Report
1608 VIEWS

PROSHARE
PROSHARE

Friday, March 05, 2021 05:00 PM / Research@proshareng.com / Header Image Credit: EcoGraphics

Nigerian Stock Market closed the month of February 2021 in the red zone as sell pressure sets in to weigh down the sustained bargain hunting witnessed during the previous month of January 2021. The NSEASI dipped by -6.16% as against +5.32% gain recorded in the month of January 2021 while the NASD USI also closed southwards with -1.58% loss recorded at the end of the month under review as against 1.04% loss in January 2021.

On market development, regulation and investors protection, the Nigerian Stock Exchange, has proposed Amendments to Rules Governing Transaction with Related Parties by requesting participation by way of reviewing the proposed rule additions

Also, the Nigerian Stock Exchange announced the launch of its e-Filing Portal, X-Filing, which comes on the back of the recent upgrade to the NSE Issuers' Portal, X-Issuer. The newly launched X-Filing is expected to facilitate a timely review process from The Exchange and also designed to enhance the securities listing application processes of the 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 February 2021 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

Saheed KIARIBE

Executive Director, Research Services

Chart 1: Capital Market Size By Exchanges - February 2021

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