Nigeria stock market news

Stock market fundamentals:Are Nigerian equities still undervalued? - Vanguard News

A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc. Specifically, data from the NSE showed that the stock market capitalisation, which represents total value of stocks, traded on the Exchange declined by N1.

Similarly, another stock market gauge, the NSE All-Share Index declined by 6, Since Buhari took over on May 29, , the market has been on bearish trend, until after the first quarter this year that the market started witnessing bullish run; though it has not been steady as both the bulls and bears continue to interface.

In the same vein, All Share Index dropped by 5, Market initiative and development: Meanwhile, in the market began to see some initiatives from the apex body of the capital market, Securities and Exchange Commission, SEC, who assured that it will get the federal government to key into the 10 year Capital Market Master plan. The Master Plan was developed by three committees inaugurated for that purpose in September The SEC, in introduced the e-dividend portal in collaboration with Nigeria Inter Bank Settlement System, NIBSS, in a bid to solve the problem of rising unclaimed dividend which hit over N80 billion.

Nigerian Stock Exchange News Headlines

According to SEC, through the e-dividend mandate, the unclaimed dividend has reduce by N30 billion. SEC had championed the proposed amendments to laws affecting investment in Nigeria.

Further to the resolution passed at the Capital Market Committee, CMC to review extant laws which affect the investment climate in Nigeria, three Committees were constituted by the Commission in June to review some market legislation. But not much has come out of these laudable efforts till date.

The new issues market has been dead since as only a few rights issues happened while just two new listings by introduction was recorded. The NSE also listed the recently introduced federal government savings bond on the Exchange.

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Vanguard News A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc. Stock market investments crashed by N1.

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