The July 2021 Nigerian Capital Market Service Report - Proshare

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Thursday, August 04, 2021 12:00 AM / Research@proshareng.com / Header Image Credit: EcoGraphics


 Proshare Nigeria Pvt. Ltd.


Nigerian Stock Market closed the month of July 2021 in the green zone as market reversed the negative sentiment witnessed in the previous month of June 2021. The NSEASI inched up by +1.69% as against by -1.38% loss recorded in the month of June 2021 while the NASD USI closed southwards with -0.32% loss recorded at the end of the month under review as against +0.78% gain in June 2021.

 

YTD, the NSEASI ended the month under review in the negative territory with -4.28% loss while the NASD USI closed northwards with +2.66%.

 

On market development, regulation and investors protection, the Securities and Exchange Commission has proposed major amendments to Part E of its rules on Securities Exchanges. The Proposed amendments are intended to comprehensively update and improve the regulations as well as enhance the operations of Securities Exchanges particularly in the areas of governance and risk management. They are also aimed at classifying Securities Exchanges based on size and activities with a view to streamlining their operations and regulation. In addition, they are aimed at aligning the rules to support the current market structure as well as the operations of Securities Exchanges with international best practices.


Also, Cross-border trading from one African securities exchange to another comes a step closer after the African Securities Exchanges Association (ASEA) signed a contract to procure an order-routing system. Seven of Africa's leading securities Exchanges are working together in the African Exchanges Linkage Project (AELP) to boost pan-African investment flows and bring more liquidity to African markets. Stakeholders are are optimistic that the milestone will further hasten efforts at capital market integration across Africa.

 

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 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 research@proshareng.com

 

Thank you.

 

For: Analyst Editorial Board

Saheed KIARIBE

Executive Director, Research Services

 

 

Chart 1: Capital Market Size By Exchanges - July 2021

Proshare Nigeria Pvt. Ltd.



Proshare Nigeria Pvt. Ltd.

 

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 Proshare Nigeria Pvt. Ltd.

 Proshare Nigeria Pvt. Ltd.

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