September 06, 2021 07:00 PM / Research@proshareng.com / Header Image Credit: EcoGraphics
Nigerian Stock Market closed the month of August 2021 in the green zone as market maintained the positive sentiment witnessed in the previous month of July 2021. The NSEASI inched up by +1.69% as against +1.69% gain recorded in the month of July 2021 while the NASD USI closed southwards with -1.08% loss recorded at the end of the month under review as against -0.32% loss in July 2021.
YTD, the NSEASI ended the month under review in the negative territory with -2.61% loss while the NASD USI closed northwards with +1.55%.
On market development, regulation and investors protection, the Securities and Exchange Commission re-opened its renewal portal from August 12 to August 31, 2021 to enable Operators that have not renewed their registration for 2021 to do so. The commission stated that CMOs who fail to renew their registration within the referenced timeframe would in addition to monetary penalties for continuing violation, be suspended from operating in the market and may also be subject to further sanctions as deemed appropriate by the Commission.
Also, the Nigerian Exchange Ltd (NGX) announced the release of an enhanced version of its mobile app, X-Mobile. The delivery of X-Mobile is in line with NGX's strategic intent to provide an exchange that is easily accessible to stakeholders leveraging digital technology, the NGX CEO said.
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 August 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 email@example.com
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Executive Director, Research Services
Chart 1: Capital Market Size By Exchanges - August 2021