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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
Related News
1. The October 2018 Nigerian Capital Market
Service Report – Proshare
2. The September 2018 Nigerian Capital
Market Service Report – Proshare
3. The August 2018 Nigerian Capital Market
Service Report – Proshare
4. The July 2018 Nigerian Capital Market Service Report -
Proshare
5. Stock Market Closes Q2 2018 in Red; FMDQ Unveils Clearing
Infrastructure
6. May 2018 SSS Quality Report: Equities Market Closes Red
as NSE Proposes Growth Board Listing Rules
7. Market Closes April 2018 Red as SEC Publishes Report for
Enhancing Commodities Trading Ecosystem
8. Market End Q1 2018 Green as FMDQ Admits N3.15bn LAPO MFB
SPV PLC Bond to its Platform
9. Stock Market Closes Lower in February 2018; FMDQ Admits
7-Year FGN Roads Sukuk to its Platform
10. NSEASI Closes Jan 2018 Positive as New Par Value Rule
Takes Effect; FMDQ Achieves N142trn Turnover
11. FMDQ Clocks 4 Yrs in Operation as Dufil Prima Foods Plc
Lists its N10bn Fixed Rate Bond
12. Lafarge and FCMB Register CP Programmes on FMDQ; Market
Resumes Uptrend With 3.50% Gain in October
13. Market Ends Q3’17 With 7.01% Gain as FMDQ Approves
Registration of Wema Bank N50bn Commercial Paper
14. FMDQ Launches Investor Protection Fund as SEC Issues
Final Directives to CMOs on Reg Info Update
15. FMDQ Lists Pioneer Infrastructure Debt Fund as SEC
Directs CMOs and PLCs to Comply With VAIDS