The Nigerian Stock Exchange (NSE) Thursday launched an Investor Relations (IR) data pack, to enhance the relationship between issuers i.e. listed companies and their investors.
According to the NSE, the IR data pack is an innovative and dynamic webpage integrated with key market data, corporate news and disclosures, for corporate issuers.
The IR data pack is designed in such a way that burden on issuers will be reduced by the provision of an intuitive investor relations webpage.
This webpage, the NSE said, can easily be integrated to issuers existing corporate websites.
Oscar Onyema, the NSE’s CEO expressed his delight at the creation of the innovation, which the NSE said has an easy-to-use, secure, and customizable interface to boost access and adoption.
According to him, the IR data pack is a solution that enables adequate exposure to capital market information.
Hosted in the cloud, it features enhanced interactive functionalities with 99.5 percent uptime, the NSE said.
With its installation, the NSE assured issuers that they can now drive a more robust market interaction on their corporate websites and potentially position themselves to attract more investors.
Commenting on the launch of IR data pack, Jude Chiemeka, head, trading business, NSE, noted that “NSE Investor Relations Data Pack is a necessary tool required by issuers to improve their engagement with investors. We came up with the IR program to provide value-added service to our issuers and make their daily market statistics available to investors in a real-time. It is a tool that will enhance their communication and outreach strategy to investors, analysts and other stakeholders”.
“As an Exchange, we remain committed to bridging the information gap between the Exchange and market participants, knowing that the stock market thrives on information. The delivery of the IR Data Pack and associated services is an essential building block in The Exchange’s strategy as it seeks to improve market participation and transparency, and facilitate informed investment decision making”, Chiemeka added.
Banking November 11, 2019