Alternative securities market records a decline


By Nkiruka Nnorom

The Alternative Securities Market, ASeM, of the Nigerian Stock Exchange, NSE, closed the 12 months period to December 12, 2017, in the negative region, recording -3.62 percent Return-on-Investment, RoI.

The poor performance, according to capital market operators, followed lingering investors’ apathy towards the sector triggered by lack of information flow and general lull in the economy.

Available data showed that activity in the sector fell to 1,146.68 points at the end of trading yesterday from 1,189.69 points at the beginning of the year, representing 3.62 percent negative return.

Further analysis of activity in the sector showed that it fell -0.87 percent Quarter-to Date, QtD, while month to date return stood at -1.04 percent.

Though the ASeM sector was put together by the NSE to provide small and mid-sized fast growth companies a platform to raise…

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