The September 2018 Nigerian Capital Market Service Report – Proshare

Proshare

Wednesday, October 03, 2018 03:31 PM / Research@proshareng.com

 

Nigerian Stock Market closed the month of September 2018 further in the red zone as NSEASI sheds -5.97% as against -5.86% loss recorded in the month of August 2018 while market YTD performance dipped further in the negative territory as it stood at -14.32% at the end of the month under review. 

Also, NSEASI closed Q3’18 with -14.40% loss as against -7.77% in Q2’18 and +8.53% gain in Q1’18 respectively.  

On market development, regulation and investors’ protection, the Nigerian Stock Exchange retained the ISO 27001:2013 certification for its Information Security Management System (ISMS) for the third consecutive year while its demutualization programme crossed a major obstacle as President Muhammadu Buhari signed the bill into law that will transform the Exchange from a mutual association of exchange members to a limited liability company which is accountable to shareholders. 

The FMDQ OTC markets in its September 2018 spotlight highlighted that the 27th Naira-OTC FX Futures Contract Matured and Settled on FMDQ on Wednesday, September 26, 2018. Other activities around the FMDQ OTC market are: Corporates Continue to Boost Liquidity in the Commercial Papers Market, Quote Additional Series on FMDQ 

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 September 2018 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

Reshu BAGGA

CEO, The Analyst

 

Proshare Nigeria Pvt. Ltd.

 

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