Wednesday, August 05, 2020 01:40 PM / Research@proshareng.com / Header Image Credit: EcoGraphics
Nigerian Stock Market closed the month of July 2020 positive as market witnessed renewed bargain hunting during the month under review. The NSEASI inched up by +0.88% as against -3.12% loss recorded in the month of June 2020 while the NASD USI closed southwards with -2.05% loss recorded at the end of the month under review as against +3.48% gain in June 2020.
YTD, the NSEASI has dipped by -8.00% while the NASD USI inched up by +0.47% so far in the year.
On market development, regulation and investors protection, the Securities and Exchange Commission's new management stated that the continued implementation of the Ten-year Capital Market Master Plan will be one of the major focus of the new management which resumed on Monday July 6 alongside the Executive Commissioners.
Also, the Nigerian Stock Exchange announced the effective date of its rules on Release Calendar for Regulatory Announcements and Filings of Listed Companies. Also, the NSE Proposes new Rules on Outsourcing of Functions and Shared Services and Fintech Collaborations while an invitation for comments was also issued.
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 July 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
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CEO, The Analyst