November 01, 2019 12:00 PM / Research@proshareng.com
Equities Market closed the month of October 2019 in red as market witnessed renewed sell pressure during the month under review. The NSEASI dips by -4.62% as against +0.38% gain recorded in the month of September 2019 while the NASD USI closed southwards with -0.05% loss recorded at the end of the month under review as against -2.89% loss in September 2019.
YTD, the NSEASI has shed -16.15% while the NASD USI also shed -5.59% as at the end of October 2019.
On market development, regulation and investors protection, the Securities and Exchange Commission has issued a new guidelines on the operation of nominee accounts following the amendment of Rule 61(2) of the Consolidated SEC Rules and Regulations 2013. The commission issued the directive on the guidelines along with a format through which the return should be filed.
Furthermore, The Nigerian Stock Exchange has released its 2018 sustainability report. The report is a detailed and transparent compilation of the progress on the NSE's sustainability commitments and targets is the fifth edition and showcases the Exchange's sustainability progress along the four pillars of Marketplace, Workplace, Environment and Community.
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 October 2019 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
For: Analyst Editorial Board
CEO, The Analyst