Stock exchange extends trading hours
The Capital Market
Committee (CMC) has approved the proposal of The Nigerian Stock
Exchange (NSE) for extension of the trading hours on the floors of The
Exchange by two hours from 9.30 am to 2.30 pm, as against the current
time of 9.30 to 12.30 pm. The extension takes effect from tomorrow.
Speaking on the
issue yesterday, the interim administrator of The Nigerian Stock
Exchange, Emmanuel Ikazoboh, said the approval was a right step in the
right direction, stressing that extension of the trading hours was one
of the strategic moves by the leadership of the Exchange to reposition
it for enhanced competitiveness.
He further said
that the extension would give foreign investors, especially those in
the United States of America (USA), opportunity to participate in the
Nigerian market.
The CMC, which meets every quarter, is an industry-wide committee
comprising members of the Securities and Exchange Commission (SEC),
NSE, representatives of capital market operators, and other capital
market operators.
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