Thursday, April 04, 2017, 5.45 PM / email@example.com
Nigeria’s Stock Market recorded +0.95% gain to close the month of April in the green zone as against +0.74% gain recorded in the month of March 2017 to maintain uptrend while NSE ASI YTD performance stands at -4.15% at the end of the month.
On market development and regulations, the Securities and Exchange Commission, in an effort to curb the growth of unclaimed dividend in the Nigerian Capital Market, published the database of non-mandated accounts to facilitate the e-dividend registration exercise. This will enable all unregistered investors to comply accordingly.
The Nigerian Stock Exchange (NSE) and the London Stock Exchange Group (LSEG) renewed their capital market partnership agreement. The agreement which was earlier signed sought to strengthen cooperation and promote mutual development between the two exchanges and it also supports companies seeking dual listings in London and Lagos.
In an effort to further improve liquidity in the Nigerian FX Market, the CBN launched a special FX window for Investors, Exporters and End Users. The FX window sets out a single and autonomous FX market structure, clearly outlines the CBN’s desire to enhance efficiency and facilitate a liquid and transparent Nigerian FX market.
The FMDQ OTC markets in its April 2017 spotlight highlighted that the autonomous FX fixing has gone live on FMDQ following the recent establishment of the I&E FX Window by the CBN. Other activities around the FMDQ OTC market are the listing of N4.50bn on the OTC Exchange by the Mixta Real Estate Plc and the UPDC Plc and Nigerian Breweries Plc N10bn worth of Commercial Papers quoted on the FMDQ platform.
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 April 2017 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
CEO, The Analyst