Tuesday, January 04, 2019 04:00 PM / Research@proshareng.com / Header Image Credit: EcoGraphics
Equities Market closed the month of January 2020 in green as market witnessed renewed bargain hunting during the month under review. The NSEASI inches up by +7.46% as against -0.59% loss recorded in the month of December 2019 while the NASD USI also closed northwards with +0.15% gain recorded at the end of the month under review as against +0.68% gain in December 2019.
On market development, regulation and investors protection, the Securities and Exchange Commission towards the end of the month of January 2020 issued guidelines which will help to facilitate the effective compliance with its Rules 57 & 58 on Net Capital.
Also, the Nigerian Stock Exchange launched the Growth Board. According to the NSE CEO, the growth board platform is pivotal to the NSE's efforts in catering for a segment of the economy that hitherto has been neglected and perceived as a high risk and low reward venture by most service providers especially in relation to access to capital from financial institutions.
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 January 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 email@example.com
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CEO, The Analyst