Friday, March 05, 2021 05:00 PM / [email protected] / Header ImageCredit: EcoGraphics

Nigerian Stock Market closed the month of February 2021 in the red zone as sell pressuresets in to weigh down the sustained bargain hunting witnessed during the previousmonth of January 2021. The NSEASI dipped by -6.16% as against +5.32% gain recorded in the month of January2021 while the NASD USI also closed southwards with -1.58% loss recorded at the end of themonth under review as against 1.04% loss in January 2021.

On market development, regulation and investors protection,the Nigerian Stock Exchange, has proposed Amendments toRules Governing Transaction withRelated Parties by requesting participation by way ofreviewing the proposed ruleadditions 

Also,the Nigerian Stock Exchange announcedthe launch of its e-FilingPortal, X-Filing, which comes on the back ofthe recent upgrade to the NSE Issuers' Portal,X-Issuer. The newly launched X-Filingis expected to facilitate a timely review process from The Exchange and also designedto enhance the securitieslisting application processes of the Exchange.

 In this edition of TheNigerian Capital Market Service Report, we continue the updates of our data section with latest figureson Economic indicators & Upcoming Events in the market and economy. This isto ensure that we deliver a comprehensive capital market service report thathelps cover and track innovations, developments as well as service issues inthe market effectively.

In all, the February 2021 SSS Quality Report isa snapshot and aide memoire of developments in our market - tracking milestonesthat the investing public should be aware of. Do feel free to share youropinions/observations and feedback with us vide [email protected]

Thankyou.

For: Analyst Editorial Board

SaheedKIARIBE

ExecutiveDirector, Research Services

Chart 1: Capital Market Size By Exchanges - February 2021

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