Wednesday,April 07, 2021 02:50 PM / [email protected] / Header Image Credit: EcoGraphics
Nigerian Stock Market closed the month of March 2021 in thered zone as market maintained negative posture due to sell pressure which setsin to during the previous month of February 2021. The NSEASI dipped by -1.90% as against -6.16% loss recorded in themonth of February 2021 while the NASD USI closed northwards with +4.64% gain recorded at theend of the month under review as against -1.58% loss in February2021.
Furthermore, the NSEASI ended Q1 2021in the negative territory with -3.04% loss recorded as against -20.65% loss in Q1 2020 while the NASD USIclosed the quarter northwards with +1.91% gain recorded as against -0.69% loss in Q1 2020.
On market development, regulation and investorsprotection, the Securities and Exchange Commission has released a new rule covering warehousing and collateral management among others. This is in a bid to ensure the nation has a vibrantcommodities trading ecosystem as every warehouse thatstores commodities to be traded on a registered Exchange shall apply to beregistered by the Commission.
Also, the Nigerian Stock Exchange announced that it has received SEC's approval on trading licence holders' rules amendment which will become effective from May 3rd2021.
In this edition of The Nigerian Capital MarketService Report, we continue the updates of our data section with latest figures onEconomic indicators & Upcoming Events in the market and economy. This is toensure that we deliver a comprehensive capital market service report that helpscover and track innovations, developments as well as service issues in themarket effectively.
In all, the March 2021 SSS Quality Report isa snapshot and aide memoire of developments in our market - tracking milestonesthat the investing public should be aware of. Do feel free to share youropinions/observations and feedback with us vide [email protected]
Thank you.
For: Analyst Editorial Board
Saheed KIARIBE
Executive Director,Research Services
Chart 1: Capital Market Size By Exchanges - March 2021
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