NSE To Review 2019 Market Performance/Outlook For 2020

Yemisi Izuora

The Nigerian Stock Exchange (NSE) will hold its annual 2019 Market Recap & 2020 Outlook on Monday, 13 January 2020 at the Stock Exchange House, Marina, Lagos.

At the event, The Chief Executive Officer of The NSE, Mr. Oscar N. Onyema  with the support of members of the Executive Committee will give a presentation covering, Global capital market review – Africa and the word, A review of the performance of the Exchange.

This will cover product performance (Equities, Fixed Income and Exchange Traded Products); The NSE’s strategic performance across business development (listings, index launch, strategic projects etc.); market initiatives (business partnerships, innovation, advocacy and more); and Corporate Citizenship development (ESG related efforts).

It will give prognosis for 2020 – local and international market postulations, the  NSE’s strategic initiatives, and more.

The Nigerian capital market mirrored the performance of the larger economy, which continued its moderate path of recovery.

Despite challenges faced, The NSE continued to execute on the its 2018 – 2021 Corporate Strategy, geared towards (a) enhancing the customer experience across the value chain, (b) reorganization for success, and (c) capitalizing on mission critical strategic initiatives (i.e. Demutualization).

In 2019, the Market continued to enhance its product portfolio, orchestrated ground-breaking investment forums and listed some of Africa’s largest companies.

This resilience saw the market capitalization increase by 20.42 per cent to N12.92 trillion from N10.72 trillion in 2018.

Turnover also increased by 389.26 per cent when compared to 2018. Capital raising was dominated by the Federal Government, being responsible for 60 per cent of bond issuances during the period in a bid to finance fiscal and infrastructure deficits.

The presentation will be attended by stakeholders from the stockbroking community, analysts, media and others. The briefing event will also be broadcast live on youtube via this link: http://www.nse.com.ng/nse-outlook/

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