Tuesday, February 8, 2011

The NSE-ASI finally dipped below 27,000 for the first time this year [31 Jan -4 Feb., 2011]


It was a choppy week without a doubt, as the NSE-ASI finally dipped below 27,000. Volume for the week also dropped below 2 billion for the first time this year. If you look at the NSE-ASIs 3 month chart there may be ample reason to believe that 26,000 is the floor for this trading cycle, at least till the end of the first quarter. The NSE-ASI closed at 26,763.84 -.2.2% (-0.12%in the previous week). Volume for the week was a cumulative 1.76 billion shares (2.62 billion shares in the previous week). 
A premium profile on www.broadstreetlagos.com gives you access to the data you need for the stock market. Over the next few weeks we will discuss more indicators.

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