Wednesday, August 02, 2017, 9.55AM / email@example.com
Nigerian Stock Market sustained positive stance for the fifth consecutive month as the key benchmark indicator, NSEASI, closed the month of July 2017 in the green zone with +8.23% gain as against +12.27% uptrend recorded in the month of June 2017 while NSE ASI YTD performance stands at +33.37% at the end of the month under review.
On market development and regulations, the Securities and Exchange Commission (SEC) directed all CMOs, Experts and Professionals in compliance with SEC Rules & Regulations and the provisions of ISA 2007 to have the required numbers of Sponsored Individuals and a Compliance Officer for each function performed by the operator in the capital market.
Furthermore, the Securities & Exchange Commission directed Public Limited Companies and CMOs to comply with the Executive Order on VAIDS signed by the Acting President on 29th June 2017 as well as its approved and uploaded reporting templates required for rendition of other categories of AML/CFT returns.
The FMDQ OTC markets in its July 2017 spotlight highlighted that the 13th Naira-settled OTC FX Futures Contract Matured and Settled on FMDQ on Wednesday, July 19, 2017. Other activities around the FMDQ OTC market are the Listing of the Pioneer Infrastructure Debt Fund in Nigeria and Sub-Saharan Africa; and the inaugural induction for members
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 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