Wednesday, February 03, 2021 05:30 PM / [email protected] / Header ImageCredit: EcoGraphics
Nigerian Equities Market closed the month of January 2021 in the green zone as market sustainedthe bargain hunting witnessed during the Q4 ofthe year 2020. The NSEASI inched up by +5.32% as against +14.92% gainrecorded in the month of December 2020 while the NASD USI closed southwards with -1.04% lossrecorded at the end of the month under review as against +0.10% gainin December 2020.
Proshare Nigeria launched its flagship reports in January 2021. Thefirst report ( The Nigerian CapitalMarket Report 2020: Leveraging a Crisis) covers theNigerian Capital Market Review of the Year 2020 while the second report (Understanding the MegaTrends of a Crucial Year for an Economy) providesOutlook on the Nigerian Economy for the Year 2021.
Onmarket development, regulation and investors protection, the Securities and Exchange Commission, pursuant to the ISA 2007, reviewed and approved newrules and amendments to its existing Rules and regulations which bother on FundManagement Products, Nominee Companies, Collective Investment Schemes (CIS), AnnualSupervision Fees for CIS, Payment of Administrative Charges for Review ofSupplemental Deeds and Amendments to Sundry Agreements, Crowdfunding, Content of a Trust Deed, Investment by CollectiveInvestment Schemes in Unlisted Securities/Additional Disclosure, Amount to be Underwrittenand Time Amount Underwritten is to be made Available and Valuation Report. Details on these rules can be accessed here.
Also, the NigerianStock Exchange hosted its annual 2020 Market Recap and 2021 Outlook on 19 January 2021 virtually. The Exchange expectsthat the marginal reopening of businesses, normalization of the economy andrevenue-diversification drive of the Nigerian government will elicit positivesentiments throughout the year while its growth expectations is noted withcaution, as the recent second wave of COVID-19 in Nigeria and globally, mayslow down renewed social and economic activities.
In this edition of The Nigerian Capital MarketService 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 January 2021SSS Quality Report is a snapshot and aide memoire of developments inour market - tracking milestones that the investing public should be aware of.Do feel free to share your opinions/observations and feedback with usvide [email protected]
Thank you.
For: AnalystEditorial Board
Saheed KIARIBE
Executive Director, ResearchServices
Chart 1: Capital Market Size By Exchanges - January 2021
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