News Centre

Nigerian Stock Exchange Weekly Report For Week Ending 20 January

Date 20/01/2017

A total turnover of 1.340 billion shares worth N8.903 billion in 15,733 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.117 billion shares valued at N9.041 billion that exchanged hands last week in 16,482 deals.

Former British Finance Minister George Osborne To Join BlackRock As Senior Adviser

Date 20/01/2017

Former chancellor George Osborne is to join BlackRock, as a senior adviser. He starts on 1 February, providing "perspectives on European politics and policy, Chinese economic reform, and trends..." BlackRock said.

MGEX Reports 2nd-Best Open Interest Record

Date 20/01/2017

MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), reports its 2nd-best open interest daily total of all-time, closing Thursday’s activity at 86,448 contracts.

European Commission - Fact Sheet: Public Consultation On The Capital Markets Union Mid-Term Review

Date 20/01/2017

1. What is the Capital Markets Union (CMU)?

The Commission's top priority is to strengthen Europe's economy and stimulate investment to create jobs. The EUR 315 billion Investment Plan for Europe helped to kick-start that process. We need stronger capital markets to strengthen investment in the long term. These would provide new sources of funding for business and entrepreneurs, help increase options for savers and make the economy more resilient. That is why President Juncker set out, as one of his key priorities, the need to build a true single market for capital – a Capital Markets Union (CMU) for all Member States.

Malawi Stock Exchange Weekly Trading Report - 20 January, 2017

Date 20/01/2017

Click here to download Weekly Malawi Stock Exchange Trading Report for the week ending 20 January, 2017.

World Economic Forum: UK's Hammond Calls For Openness Between UK And EU But Reserves Option To Reinvent Itself

Date 20/01/2017

Mizuho Americas Announces Senior Equity Trading Appointments

Date 20/01/2017

Mizuho Americas today announced the expansion of its US equity platform, hiring Mark McLain and Peter Heller as Managing Directors to focus on equity trading across utilities and energy sectors. Based in New York, they will report to Eric Shenker, Managing Director and Head of Equity Trading at Mizuho Americas.

ETFGI Reports ETFs/ETPs Listed In The United States Gathered Record Inflows Of 279 Billion US Dollars And Assets Reached A New High Of 2.549 Trillion US Dollars At The End Of 2016

Date 20/01/2017

ETFGI, the leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, today reported assets invested in ETFs/ETPs listed in the United States reached a new record high of US$2.549 trillion at the end of 2016.  ETFs/ETPs listed in the US gathered a record level of net inflows US$59.37 Bn for the month of December marking the 10th consecutive month of net inflows and a record level of US$278.74 Bn in net inflows for the year, according to preliminary data from ETFGI’s end of 2016 global ETF and ETP industry insights report (click here to view the ETFGI asset growth chart for ETFs/ETPs listed in the United States). 

SGX Welcomes Shriram Transport’s Inaugural Masala Bond Listing

Date 20/01/2017

Singapore Exchange (SGX) welcomed the inaugural rupee-denominated or Masala bond listing of Shriram Transport Finance Company, an Indian provider of financing for commercial vehicles.

Hong Kong's Securities And Futures Commission And Stock Exchange Of Hong Kong: Joint Statement Regarding The Price Volatility Of GEM Stocks

Date 20/01/2017

Background

1. The Securities and Futures Commission (SFC) and The Stock Exchange of Hong Kong Limited (Exchange) have been monitoring GEM stocks that exhibited unusually high price volatility post-listing.
2. The average first-day price gain1was 743% for all GEM stocks listed in 2015 and 454% for those listed in the first half of 2016. The comparable figures for Main Board stocks were 5% and 15%, respectively.  
3. Of the top 10 first-day gainers on GEM in 2015, half saw their share prices plunge by over 90% from their peak within a month.  On average, the trading prices of GEM stocks listed in 2015 fell by 47% within a month of their peak.
4. The sharp first-day price movements of recently listed GEM stocks were accompanied by thin trading.  On average, the first-day turnover ratio2 was 13% for all GEM stocks listed in 2015 and 15% for GEM stocks listed in the first half of 2016.  The comparable figures for Main Board stocks were 42% and 61%, respectively.
5. Almost all GEM IPOs were conducted by way of placing only3. Many listed GEM stocks have highly concentrated shareholdings and a small shareholder base.  On average, in the GEM IPOs listed during 2015 and the first half of 2016, the top 25 placees took up 96% of the shares offered for placing and the average number of placees for the entire issue was 135.