Friday, September 04, 2020 01:00 PM / [email protected] / Header Image Credit: EcoGraphics
NigerianStock Market closed the month ofAugust 2020 positive as market witnessed renewed bargain hunting during themonth under review. The NSEASI inched up by +2.57% as against +0.88% gain recorded in themonth of July 2020 while the NASD USI closed northwards with +1.47% gain recorded at theend of the month under review as against -2.05% loss in July 2020.
YTD, theNSEASI has dipped by -5.64% while the NASD USI inched up by +1.95% so far in theyear.
Onmarket development, regulation and investors protection, the Nigerian Stock Exchangehas proposed new rules as additions to the already existing Rulebook of theNSE. The proposed rules are (a)Rules on Outsourcing of Functions and Shared Services and (b) Rules for Brokerto Fintech Collaborations.
Also, the Nigerian Stock Exchange announced an upgrade its whistleblowingplatform, X-Whistle. The upgrade is expected to help strengthen investors protection as anymember of the public can reportpossible violations of the rules and regulations of The Exchange, thesecurities law and fraud related to activity within the capital market through the portal.
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 August 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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