NSE Witnesses Second New Listing in 2017; Market Sustains Downtrend - Feb '17 SSS Report


Monday, March 06, 2017, 5.36 PM research@proshareng.com

Nigeria’s Equities Market records –2.72% loss to close the month of February red as against -3.12% loss recorded in January 2017 to sustain the downtrend as the NSE ASI YTD performance stands at -5.75% at the end of February 2017.

On market development and regulations, the Nigerian Stock Exchange witnessed its second new listing in the year 2017 as it listed by introduction 29.5bn ordinary shares of Jaiz Bank Plc at N1.25k. the bank is the first non-interest bank to be publicly quoted on NSE.

Furthermore, the NSE has also witnesses the listing of Nigeria’s first FX denominated bonds as it partnered the Debt Management office (DMO) to list Nigeria’s $1bn FGN Eurobond which is the first foreign currency denominated security to be listed and traded in the Nigerian Capital Market.

The FMDQ OTC markets in its February 2017 spotlight highlighted that the eight Naira-settled OTC FX Futures Contract Matures and Settles on FMDQ with a notional amount of $266.17mm approximately on Wednesday, February 22, 2016. Other activities around the FMDQ OTC market are the inaugural listing of the FGN Eurobonds, the partnering of S&P Dow Jones Indices to develop and co-brand fixed income indices in Nigeria and the listing of Forte Oil Plc N9bn bond.

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 February 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 research@proshareng.com

Thank you.

For: Analyst Editorial Board


CEO, The Analyst

Related News
1.       NSE Records First New Listing in 2017; Proshare Launches Mobile APP - Jan '17 SSS Report

2.      NSE Lists Nigeria's First FX Denominated Bonds; Partners DMO to List $1bn FGN Eurobonds

3.      FMDQ Admits 9.00bn Forte Oil PLC Bond

4.      Jaiz bank listing adds N36.83bl to the NSE Market Capitalization

5.      FMDQ, S&P Dow Jones Indices To Co-Brand Nigeria's Sovereign Bond Index

6.      Market Sustains Negative Sentiment in November; Proshare Migrates WebTV to its Main Hub -Nov '16 SSS

7.      Proshare Collaborates with FMDQ; Completes Financial Market Coverage - Oct '16 SSS Report

8.     Stock Market Retracts to Close Positive; Proshare Economy is Launched - Sep -16 SSS Report

9.      Stock Market Closes July Downtick; Retracts by -5.36% - July '16 SSS Report

10.  Market Braces Up for Improved Liquidity in African Financial Markets - April '16 SSS Report


Related News