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The Capital Market Service Report June 2015

Jul 07, 2015   •   by Proshare Research   •   Source: Proshare   •   eye-icon 119 views

Market performance in the month of June closed red as NSE ASI records -2.49% losses to extend the bearish trend witnessed in previous month as YTD performance also closed red in with -3.46% as H1’15 ends while market and key stakeholders still awaits economic direction from the new administration. 

Activities in the primary market segment remain relatively low generally as Stanbic IBTC Holdings Plc notified the market of its proposed Rights Issue of 800,000,000 Ordinary Shares of 50k each at N25.50 per share on the basis of 2 new ordinary shares for every 25 ordinary shares held while the IPO market is yet to witness any deal. Market Regulators continue their investors‟ protection and market development functions as the Nigerian Stock Exchange released two (2) key circulars to its members. 

One bothers on the online trading platforms which tends to guide operators and help NSE to effectively monitor and regulate the online trading process while the other bothers on SEC‟s Complaint Management Framework; stressing compliance.

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