NSE CEO to review 2019 market performance and give 2020 outlook Monday

The Nigerian Stock Exchange (NSE) will hold the review of market performance for 2019 and present the 2020 outlook on Monday, 13 January 2020 at the Stock Exchange House, Marina, Lagos.

According to a press statement by the NSE, at the event, The Chief Executive Officer of The NSE, Mr. Oscar N. Onyema OON, supported by members of the Exchange’s executive committee will give a presentation covering:

• Global capital market review – Africa and the world
• 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)”.

• 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, we continued to enhance our 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% to N12.92Tn from N10.72Tn in 2018. Turnover also increased by 389.26% when compared to 2018. Capital raising was dominated by the Federal Government, being responsible for 60% 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/”. The statement stated.