The chief executive officer, Nigerian Exchange Limited (NGX), Mr Temi Popoola has said, the Nigerian equities market would see a renewal in Exchange Traded
Equity Market Performance
The NSE All-Share Index (ASI) which tracks the general market movement of all listed equities on the NSE, including those listed on the Alternative Securities Market (ASeM), depreciated by 1.74% at the end of the week, closing at 38,648.48 when compared to its closing unit of 39,331.61 in the prior week. This fall cumulated to a total year-to-date depreciation of 4.03% of the Index.
Besides the fall in the NSE ASI, other indices in the market followed a similar trend except for the following indices which saw some marginal increase, and the NSE Sovereign Bond Index which closed flat at the end of the week:
Nigerian Stock Exchange Engages Issuers To Deepen Activity In ETF Market Date
03/03/2021
The Nigerian Stock Exchange (NSE or The Exchange) engaged with Exchange Traded Funds (ETFs) Issuers’ in the Nigerian capital market consistent with its commitment to deepen activities in the segment on Wednesday, 3 March 2021. The virtual session highlighted key development areas for the market specifically in terms of product issuances, market liquidity, regulatory landscape and capacity building.
Speaking at the event, the Divisional Head, Trading Business, NSE. Mr. Jude Chiemeka noted that, “Exchange Traded Funds (ETFs) are one of the fastest-growing capital-market investment vehicles in advanced economies, offering transparency, liquidity, diversification, and lower costs. For an emerging market like Nigeria, the ETF marketplace represents a meaningful opportunity to support the development of domestic capital markets, leading to greater price transparency, investor diversificat
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2020: NSE overcomes Covid-19 challenges with innovation, technology as listed securities hit N1.72trn
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By Peter Egwuatu
The Nigerian stock market in the year 2020 will certainly go down in the history books as one of the most challenging years of modern existence.
However, the Nigerian Stock Exchange, NSE during the year under review overwhelmed the storm through innovation and technology as value of listed securities hit N1.72 trillion.
Early in the year, a global pandemic took the world by storm necessitating a significant change in life and work as we know it.
On 23 and 24 March 2020, the Exchange took steps to preserve the health and safety of its stakeholders by activating its Business Continuity plan which saw the transition to working from home and remote trading in response to the spread of the Coronavirus, COVID-19. Since then, the Exchange has maintained seamless working and trading operations, experiencing zero down time.
Adedayo Adejobi
The year 2020 will certainly go down in the history books as one of the most challenging years of modern existence. Early in the year, a global pandemic took the world by storm necessitating a significant change in life and work as we know it. On 23 and 24 March 2020, The Nigerian Stock Exchange (NSE) took steps to preserve the health and safety of its stakeholders by activating its Business Continuity plan which saw the transition to working from home and remote trading in response to the spread of the COVID-19. Since then, The Exchange has maintained seamless working and trading operations, experiencing zero down time.