The Nigerian Capital Market Service report from September 2021

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Tuesday 05 October 2021 14:00 / [email protected] / Header Image Credit: EcoGraphics

Nigerian stock Marlet closed September 2021 in the green zone as the market maintained the positive sentiment seen in the previous August 2021. The NSEASI increased by + 2.55% versus + 1.74% gain recorded in August 2021 as the NASD USI closed south with -1.52% loss recorded at the end of the month under review compared -1.08% defeated in August 2021.

In addition, NEASI ended the third quarter of 2021 in positive territory with + 6.10% win against -2.91% loss in Q2 2021 and -3.04% loss in the first quarter of 2021 while the NASD USI closed the quarter south with -2.89% loss against +1.05% gain in Q2 2021 and + 1.91% gain recorded in the first quarter of 2021.

YTD, the NSEASI ended the month under review in negative territory with -0.12% loss while the NASD USI closed north with + 0.01% marginal gain.

With regard to market development, regulation and investor protection, the Security and Trade Commission asserted that the Nigerian capital market has the potential to fill the infrastructure gap in the country as well as to aid economic development. Exploring the different options for raising capital in the Nigerian capital market can help close the infrastructure gap and also expose the country to the long-term capital it needs.

Also, the Nigerian Exchange Ltd (NGX) held its TechNovation conference during the month of September 2021 and various speakers and market leaders attending the event all chart the course for technological advancements in the Nigerian capital market.

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 SSS quality report of September 2021 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 – September 2021