Wednesday, February 03, 2021 05:30 PM / Research@proshareng.com / Header Image
Nigerian Equities Market closed the month of January 2021 in the green zone as market sustained the bargain hunting witnessed during the Q4 of the year 2020. The NSEASI inched up by +5.32% as against +14.92% gain recorded in the month of December 2020 while the NASD USI closed southwards with -1.04% loss recorded at the end of the month under review as against +0.10% gain in December 2020.
Proshare Nigeria launched its flagship reports in January 2021. The first report ( The Nigerian Capital Market Report 2020: Leveraging a Crisis) covers the Nigerian Capital Market Review of the Year 2020 while the second report (Understanding the Mega Trends of a Crucial Year for an Economy) provides Outlook on the Nigerian Economy for the Year 2021.
On market development, regulation and investors protection, the Securities and Exchange Commission, pursuant to the ISA 2007, reviewed and approved new rules and amendments to its existing Rules and regulations which bother on Fund Management Products, Nominee Companies, Collective Investment Schemes (CIS), Annual Supervision Fees for CIS, Payment of Administrative Charges for Review of Supplemental Deeds and Amendments to Sundry Agreements, Crowdfunding, Content of a Trust Deed, Investment by Collective Investment Schemes in Unlisted Securities/Additional Disclosure, Amount to be Underwritten and Time Amount Underwritten is to be made Available and Valuation Report. Details on these rules can be accessed here.
Also, the Nigerian Stock Exchange hosted its annual 2020 Market Recap and 2021 Outlook on 19 January 2021 virtually. The Exchange expects that the marginal reopening of businesses, normalization of the economy and revenue-diversification drive of the Nigerian government will elicit positive sentiments throughout the year while its growth expectations is noted with caution, as the recent second wave of COVID-19 in Nigeria and globally, may slow down renewed social and economic activities.
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 January 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 - January 2021
1. Why Nigerian Companies will Issue More Commercial Papers in 2021 - Feb 02, 2021
2. CBN Needs to Carry Out Periodic and Timely Adjustments in Nigeria's FX Market - Ebo Ayodeji - Jan 26, 2021
4. 2021: Opportunities and Risks in The Nigerian Capital Market - Jan 12, 2021
5. 2021: Key Developments to Watch in Nigeria's Capital Market Ecosystem - Jan 05, 2021