Business Journal


NSE Set to Host 6th Nigerian Capital Market Info Security Forum

Mr. Oscar Onyema CEO NSE

The Nigerian Stock Exchange (NSE) is pleased to announce that the 6th edition of its bi-annual Nigerian Capital Market Information Security Forum (NCMISF), themed, “Social Engineering, The Neglected Human Factor”, will hold on Wednesday, July 25, 2018, at the NSE Event Center, 2/4 Customs Street, Lagos.

This free to attend conference which is sponsored by FPG Technologies Ltd and Control Risks, is designed to leverage on user education and layered technology defences to better detect and respond to social engineering attacks in the capital market ecosystem, which will contribute to enhancing investor’s confidence.

The event will be headlined by Mr. Emomotimi J. Agama, Deputy Director/Head Exchanges, Securities and Exchange Commission (SEC), and will bring together information security professionals and capital market participants to discuss emerging cybersecurity trends and share effective strategies and best practices to tackle cyber threats.

This edition of the Nigerian Capital Market Information Security will also feature panel discussion and speeches and presentations from Mr. Rex Mafiana, CEO FPG Technologies; Mrs. Favour Femi-Oyewole, Head, Information Security. Topics to be covered include, Reverse Social Engineering Attacks in Online Social Networks; Evolution of Cybercrime: The Present, Present, Future Social Engineering Attacks and Prevention; Plan for countering Cyber threats in the Nigerian Capital Market.

Commenting on the event, the Head, Information Security at The Exchange, Mrs. Favour Femi-Oyewole noted that ”with the growing use of technology and digital tools in the capital market, creating awareness and educating individuals and companies on the significance of information security management have become critical in addressing today’s constantly evolving cyber threats”.

“The 2018 Verizon Data Breach Investigations Report, which shows that more than 70% of all data breaches in 2017 involved phishing or some other type of social engineering, underscores the need for continuous cybersecurity education, as human factor continues to be a key weakness. Cybersecurity is not just about technological defences, it is also about people.”

Mrs. Femi-Oyewole further stated that “NSE is committed to working with government, regulator, international and local partners, market participants and other stakeholders to monitor developments and effectively respond to cyber threats in its drive to provide a sustainable capital market. We all have a role to play in keeping the capital market secure.”

Mr. Oscar Onyema CEO NSE

Mr. Oscar Onyema
The Nigerian Stock Exchange

Sustained Sell-offs Drag Market YTD Loss to 6-Weeks Low… NSE ASI down 0.8%
The bearish performance of the local bourse filtered into the second trading session of the week as NSE All Share Index (ASI) fell 0.8% to settle at 36,963.70 points while YTD loss worsened to 3.3%.

Yesterday’s negative performance is traceable to losses in STANBIC (-7.7%), INTBREW (-7.4%) and GUARANTY (-1.5%). Accordingly, investors lost N109.8bn as market capitalization dropped to N13.4tn. Nonetheless, activity level was mixed as volume traded waned 32.9% to 203.6m units while value traded rose 17.1% to N2.4bn.

The top traded stocks by volume were TRANSCORP (20.7m), ACCESS (19.5m) and ZENITH (15.4m) while GUARANTY (N434.4m), ZENITH (N368.7m) and NIGERIAN BREWERIES (N336.9m) were the top traded stocks by value.

Bearish Sector Performance
Across sectors, performance was mostly bearish as 4 of 5 indices we cover trended southwards. The Industrial Goods and Oil & Gas indices fell 2.4% and 1.3% as a result of losses in WAPCO (-8.0%) and MOBIL (-0.3%) respectively.

Similarly, the Consumer Goods and Banking indices shed 1.2% and 0.9% respectively following sell-offs in INTBREW(-7.4%), NIGERIAN BREWERIES (-1.4%), PZ (-10.0%), GUARANTY (-1.5%), ZENITH(-0.6%) and ACCESS (-1.5%). On the other hand, the Insurance index was the lone gainer, inching 0.2% northwards on the back of buy interest in CUSTODIAN (+2.5%), CONTINSURE (+3.5%) and MBENEFIT (+5.9%).

Investor Sentiment Strengthens 
Investor sentiment as measured by market breadth (advance/decline ratio) strengthened to 0.4x from 0.3x recorded in the preceding session as 14 stocks advanced compared to 33 that declined.

The top performing stocks were SOVRENINS (+8.0%), WEMA (+7.9%) and JAPAULOIL (+6.5%) while CAPOIL (-10.0%), JBERGER (-10.0%) and GLAXOSMITH (-10.0%) were the worst performers. Despite yesterday’s loss, investor sentiment improved slightly, albeit still soft. Hence, we envisage that the sell offs will be continued in tomorrow’s session, but we do not rule out the possibility of a rebound before the end of the week.

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