Wednesday, June 03, 2020 / 05:00 PM / Research@proshareng.com / Header Image Credit: EcoGraphics
Nigerian Equities Market closed the month of May 2020 in green as market witnessed improved and continuous bargain hunting during the month under review. The NSEASI inches up by +9.76% as against +8.08% gain recorded in the month of April 2020 while the NASD USI closed southwards with -1.32% loss recorded at the end of the month under review as against +1.16% gain in April 2020. The loss recorded in the NASD OTC Market erased the gain recorded in the previous month.
YTD, the NSEASI has dipped by -5.86% while the NASD USI also dipped by -0.87% so far in the year.
On market development, regulation and investors protection, the Securities and Exchange Commission, in its update following the gradual easing of the lockdown, call on all regulated entities to make adequate disclosures and report on how the COVID-19 pandemic is impacting their operations and discharge of services to investors and other stakeholders.
This call was further corroborated by the board of the IOSCO in its public statement of May 29th, 2020 in which it highlighted the importance to investors and other stakeholders of having timely and high-quality information about the impact of COVID-19 on issuers' operating performance, financial position and prospects.
Also, the Nigerian Stock Exchange in collaboration with the Milken Institute, is set to host the inaugural edition of its Webinar Series on Sustainable Capital Markets for West Africa. The webinar themed, "Fundamentals of Developing Green Bond Markets", is supported by the Securities and Exchange Commission (SEC). This collaboration provides an opportunity to further contribute to the advancement of the green finance markets.
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 May 2020 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
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