NSE Suspends Publicaiton Of Stock Market Data

The Nigerian Stock Exchange (NSE) has suspended the publishing of the stock market data by the market operators and dealing firms.

NSE also suspended the mailing of data to operators’ clients as the Exchange has commenced the move to sell its stock market data to various stakeholders, in order to generate revenue.

The information which was made known through a release  made available to The Tide, said that the NSE move is in recognition that the market data have been a source of huge revenue to many users, who are major operators and analysts in the stock market.

The move, according to the information, would also enable NSE to cover some of the huge cost incurred in generating, storing and disseminating the market data.

Meanwhile, figures from the Exchange, showed that domestic investors had increased their market share to 61 per cent.

Analysts said compared to other frontier and emerging markets, the increased returns on investment in the Nigerian equity market were higher, leading to increased investment by both foreign and local investors.

In a related development, the Director-General, Debt Management Office (DMO), Abraham Nwankwo has informed that the Nigerian’s  $billion Eurobond being planned to raise funds from the international capital market to finance gas-to-power infrastructure would debut before the end of September 2013.