July 03, 2021 12:00 PM / Research@proshareng.com / Header Image Credit: EcoGraphics
Nigerian Equities Market closed the month of June 2021 in the red zone as market maintains the negative sentiment witnessed in the previous month of May 2021. The NSEASI dipped by -1.38% as against -3.51% loss recorded in the month of May 2021 while the NASD USI closed northwards with +0.78% gain recorded at the end of the month under review as against -5.17% loss in May 2021.
YTD, the NSEASI ended the month under review in the negative territory with -5.87% loss while the NASD USI closed northwards with +2.98%.
Furthermore, the NSEASI ended Q2 2021 in the negative territory with -2.91% loss recorded as against +14.92% gain in Q2 2020 while the NASD USI closed the quarter northwards with +1.05% gain recorded as against +3.29% gain in Q2 2020.
On market development, regulation and investors protection, the Securities and Exchange Commission has proposed sundry amendments to its rules and regulations filing of materials among other proposed sundry amendments. The SEC also Proposes Interoperability and Financial Market Infrastructures (FMIs) Link Framework Among Central Securities Depositories. This becomes necessary in order to enhance the efficiency of trading and settlement functions as well as align the market with international best practices.
Also, the commission, (SEC), in an efforts to ensure investor protection approved Chaka as the First Licensed Digital Sub-Broker. This makes Chaka the first recipient of this newly created license as the Commission's efforts at fostering regulation within the technology-based business environment is highly commendable.
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 June 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 firstname.lastname@example.org
For: Analyst Editorial Board
Executive Director, Research Services
Chart 1: Capital Market Size By Exchanges â€“ June 2021
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