The November 2018 Nigerian Capital Market Service Report – Proshare

Tuesday, December 04, 2018 04:20 PM / Research@proshareng.com

Nigerian Stock Market closed the month of November 2018 further down as NSEASI dipped by -4.90% as against -0.92% loss recorded in the month of October 2018 while market YTD performance dished further in the negative territory as it stood at -19.27% at the end of the month under review. 

On market development, regulation and investors’ protection, the Securities and Exchange Commission (SEC) has launched the Green Bond rules after series of engagements with stakeholders and Capital Market Operators.

This is expected to be a significant step in furthering the complementary efforts of the government, regulators and the financial services industry to direct financial capital to more sustainable economic activity.

Lafarge Africa Plc, at the end of its emergency meeting, announced that it will raise N89.21billion by way of a Rights Issue at N12.00 per share, by issuing 6 new shares for every 7 shares held by shareholders at a Qualification Date which will be announced.  

The FMDQ, IFC, FHF and Others Collaborate towards the Development of the Nigerian Housing Market. Other activities around the FMDQ OTC market are: Hosting the Ease of Doing Business Sensitisation Session and Engaging Stakeholders on the Implementation of the National Action Plans 

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 November 2018 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

Reshu BAGGA

CEO, The Analyst 

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