CEO of NSE: Investors Enjoy Equities Market Success Amid COVID-19

The Chief Executive Officer (CEO) of the Nigerian Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term (NSE), Oscar N. Onyema, has detailed some of the exchange’s efforts during the coronavirus pandemic in a panel session on Monday.

In particular, Onyema of the NSE, alongside the CEO, Johannesburg Stock Exchange, Dr. Leila Fourie and CEO, Nairobi Securities Exchange, Geoffery Odundo, spoke on the African Stock Exchanges panel session at the Brand Africa 100 Launch.

During the panel, Onyema discussed COVID-19 and the impact it has had on the Nigerian economy. During the session, the panelists all discussed their experiences with the Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term of the markets, future expectations of issuers. The speakers also highlighted that there is a critical need for partnerships across Africa in order to increase productivity as well as project the continent’s best brands.

Commenting on the impact of COVID-19 on Nigeria’s capital market ecosystem, Onyema said during the panel: “Since we transitioned to seamless remote trading and working in response to COVID-19, we have seen a lot of activity across diverse asset classes. Investors have enjoyed dividend payouts in double digits in the equities market, attained relative safety in the fixed income market, and are reaping strong returns in alternative asset classes like the Newgold ETF.

“On the part of the issuers, while there continues to be activity in the primary market, we foresee an increased inclination from governments and corporates to raise capital in the domestic market, particularly through bonds and secondary market issuances.”

Exchanges benefit from COVID-19 volatility

Although the coronavirus pandemic has brought its fair share of challenges for exchanges, it has also brought with it increased trading volumes, which translates to stronger revenues.

As Finance Magnates reported, a number of exchanges reported solid trading volumes during the month of March fuelled by COVID-19 market volatility. In particular, Nasdaq posted first quarter 2020 net revenues of $701 million, an increase of $67 million, or 11 percent, from $634 million in the prior-year period, the firm said.