The January 2020 Nigerian Capital Market Service Report - Proshare

Tuesday, January 04, 2019 04:00 PM / [email protected] / Header Image Credit: EcoGraphics

Equities Market closed the month of January 2020 in green as market witnessed renewedbargain hunting during the month under review. The NSEASI inches up by +7.46% as against -0.59% loss recordedin the month of December 2019 while the NASD USI also closed northwards with +0.15% gain recordedat the end of the month under review as against +0.68% gain inDecember 2019.

On market development, regulation and investorsprotection, the Securities and Exchange Commission towards theend of the month of January 2020 issued guidelineswhich will help to facilitate the effective compliance with its Rules 57 &58 onNet Capital.

Also, the Nigerian Stock Exchange launched the Growth Board. According to the NSE CEO, the growth board platform is pivotal to the NSE's efforts in catering for a segment of the economythat hitherto has been neglected and perceived as a high risk and low rewardventure by most service providers especially in relation to access to capitalfrom financial institutions.

In thisedition of The NigerianCapital Market Service 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 January 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.