The October 2021 Nigerian Capital Market Service Report - Proshare

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Thursday, November 04, 2021 07:00 AM / Research@proshareng.com / Header Image Credit: EcoGraphics

 

Nigerian Stock Market closed the month of October 2021 in the green zone as market witnessed improved sentiment compared to the previous month of September 2021. The NSEASI inched up by +4.52% as against +2.55% gain recorded in the month of September 2021 while the NASD USI closed northwards with +1.49% gain recorded at the end of the month under review as against -1.52% loss in September 2021.

 

YTD, the NSEASI ended the month under review in positive territory with 4.39% gain while the NASD USI also closed northwards with +1.50% gain.

 

On market development, regulation and investors protection, the Securities and Exchange Commission has expressed optimism that the Securities Issuers Forum will create a platform for issuers to engage the Commission in order to encourage more listings, improve contribution of issuers to the development of the capital market as key stakeholders, deepen and broaden the market and ultimately contribute to Nigeria's economic development.


The DG of SEC stated this in his opening address during the virtual inauguration of Securities Issuers Forum by SEC in collaboration with Nigeria Employers Consultative Association, said the SIF has the potential to act as a bridge between the SEC and issuers of securities.

 

Also, the Nigerian Exchange Ltd (NGX) has stated that derivatives trading will deepen Market activities on NGX. As Nigerian Exchange Limited (NGX) inches closer to the launch of Exchange Traded Derivatives (ETDs) in Nigeria, it continues to prioritize market awareness on trading ETDs on NGX in collaboration with NG Clearing.

 

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 October 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 - October 2021

Proshare Nigeria Pvt. Ltd.

 

Proshare Nigeria Pvt. Ltd.


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 Proshare Nigeria Pvt. Ltd.


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