Tuesday, October 05, 2021 02:00 PM / Research@proshareng.com / Header Image Credit: EcoGraphics
Nigerian Stock Market closed the month of September 2021 in the green zone as market maintained the positive sentiment witnessed in the previous month of August 2021. The NSEASI inched up by +2.55% as against +1.74% gain recorded in the month of August 2021 while the NASD USI closed southwards with -1.52% loss recorded at the end of the month under review as against -1.08% loss in August 2021.
Furthermore, the NSEASI ended Q3 2021 in the positive territory with +6.10% gain as against -2.91% loss in Q2 2021 and -3.04% loss in Q1 2021 while the NASD USI closed the quarter southwards with -2.89% loss as against +1.05% gain in Q2 2021 and +1.91% gain recorded in Q1 2021.
YTD, the NSEASI ended the month under review in the negative territory with -0.12% loss while the NASD USI closed northwards with +0.01% marginal gain.
On market development, regulation and investors protection, the Securities and Exchange Commission affirmed that the Nigerian Capital Market has the potentials to bridge the infrastructure gap in the country as well as aid economic development. The exploration of the various capital raising options in the Nigerian Capital Market can help bring the infrastructure gap and also expose the country to long term capital its requires.
Also, the Nigerian Exchange Ltd (NGX) held its TechNovation Conference in the course of the month of September 2021 and various speakers and market leaders at the event all chart a course for technological advancements in the Nigerian Capital Market.
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 September 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 email@example.com
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Executive Director, Research Services
Chart 1: Capital Market Size By Exchanges - September 2021