Wednesday, August 05, 2020 01:40 PM / [email protected] / Header Image Credit: EcoGraphics

NigerianStock Market closed the month ofJuly 2020 positive as market witnessed renewed bargain hunting during the monthunder review. The NSEASI inched up by +0.88% as against -3.12% loss recorded in the monthof June 2020 while the NASD USI closed southwards with -2.05% loss recorded at the endof the month under review as against +3.48% gain in June 2020.

YTD, theNSEASI has dipped by -8.00% while the NASD USI inched up by +0.47% so far in theyear.

On market development, regulation and investorsprotection, the Securities and Exchange Commission's newmanagement stated that the continued implementation of theTen-year Capital Market Master Plan will be one of the major focus of the new managementwhich  resumed on Monday July 6 alongside the Executive Commissioners.

Also, the Nigerian Stock Exchange announced theeffective date of its rules on Release Calendar for Regulatory Announcements and Filings ofListed Companies. Also, the NSE Proposes new Rules on Outsourcing of Functions and Shared Services andFintech Collaborations while an invitation for comments wasalso issued.

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 July 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

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