The February 2020 Nigerian Capital Market Service Report - Proshare

Wednesday, March 04, 2019 04:00 PM / [email protected] / Header Image Credit: EcoGraphics

Nigeria's Equities Market closed themonth of February 2020 in red as market witnessed Sell pressure during themonth under review. The NSEASI dipped by -9.11% as against +7.46% gain recordedin the month of January 2020 while the NASD USI closed northwards with +0.26% gain recordedat the end of the month under review as against +0.15% gain inJanuary 2020.

On market development, regulation and investorsprotection, the Securities and Exchange Commission is to host an internationalconference on the Nigeria Commodities Market. This is expected to deepen the capital market and have avibrant commodities exchange

Also, the Nigerian Stock Exchange members assented to the demutualization resolutions at CourtOrdered (COM) and Extra-Ordinary General Meetings (EGM) held on March 3^rd,2020. In furtherance this plan, the Exchange will move to file the necessaryresolutions from the COM and all other required documents at the CAC and SEC,obtain the Court Order sanctioning of the Scheme, complete all necessaryregistrations and seek the final approval from the SEC to ultimatelydemutualise.

In thisedition of The Nigerian Capital MarketService Report, we continuethe updates of our data section with latest figures on Economic indicators& Upcoming Events in the market and economy. This is to ensure that wedeliver a comprehensive capital market service report that helps cover andtrack innovations, developments as well as service issues in the marketeffectively.

In all,the February 2020 SSS Quality Report is a snapshot and aidememoire of developments in our market - tracking milestones that the investingpublic should be aware of. Do feel free to share your opinions/observations andfeedback with us vide [email protected]

Thank you.

For: Analyst Editorial Board

Reshu BAGGA

CEO, The Analyst

Proshare Nigeria Pvt. Ltd.