Thursday, April 7, 2011

NSE MARKET REVIEW [28 mar- 1Apr, 2011]

There is no week without event in this market. This particular week is special as it had the privilege to host the end of the 1st quarter of 2011. It also launches the month that will see the NSE with a new CEO and Nigeria elect its new leadership that will take over on May 29, 2011.
Volume was strong this week with Transnational Corporation trading 2.5 billion shares (92% of total volume) closing its climb to N1.16 with a bang. Still on volume the week saw the 4th highest volume traded in a single day in this market, the highest being on Dec 24, 2008. 
The NSE-ASI closed at 24,752.04 -0.45% (+1.98% in the previous week). Volume for the week was a cumulative 3.8 billion shares (1.162 billion shares in the previous week). 

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