The Nigerian Capital Market Service report from October 2021

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Thursday 04 November 2021 07:00 / [email protected] / Header Image Credit: EcoGraphics

Nigerian stock Marlet closed October 2021 in the green zone as the market saw sentiment improve from the previous month of September 2021. The NEASI rose by + 4.52% versus + 2.55% gain recorded in September 2021 as the NASD USI closed north with +1.49% gain recorded at the end of the month under review compared to -1.52% defeated in September 2021.

YTD, NEASI ended the month under review in positive territory with 4.39% gain while the NASD USI also closed north with + 1.50% Gain.

Regarding market development, regulation and investor protection, the Securities and Exchange Commission has expressed optimism that the Securities Issuers Forum will create a platform for issuers to engage the Commission in order to encourage more listings, improve the contribution of issuers to the development of the capital market. as key players to deepen and broaden the market and ultimately contribute to the economic development of Nigeria.

The CEO of the SEC said in his opening speech at the virtual inauguration of the Securities Issuers Forum by the SEC in collaboration with the Nigeria Employers Consultative Association, said that SIF has the potential to act as a bridge between the SEC and securities issuers.

Also, the Nigerian Exchange Ltd (NGX) stated that derivatives trading will deepen market activity on NGX. As Nigerian Exchange Limited (NGX) inch As the launch of Exchange Traded Derivatives (ETD) in Nigeria approaches, he continues to prioritize market awareness of ETD trading on NGX in conjunction with NG Clearing.

In this edition of The Nigerian Capital Markets Service Report, we continue to update our data section with the latest figures on economic indicators and upcoming events in the market and economy. This helps to ensure that we deliver a comprehensive Capital Market Services report that helps cover and effectively track innovations, developments as well as service issues in the market.

In all, the October 2021 SSS Quality Report is a snapshot and cheat sheet of how our market is changing – tracking milestones that the investing public needs to know. Please do not hesitate to send us your opinions / observations and comments [email protected]

Thank you.

For: Editorial Board of Analysts

Sahid KIARIBE

Executive Director, Research Services

Figure 1: Size of the capital market by stock exchange – October 2021