Tuesday, September 20, 2011

NSE Market Review [12-16, Sept]


There isn’t a stronger signal of this markets search for direction than its sharp reversal on September 14, 2011 after it tiptoed towards 21,000. 
With the dividend yield above 8% and the 10 year bond yield below 10%, this market is clearly ripe for accumulation. The spread between these two product types is less than 1.7%, its narrowest since the last visit to 21,000. In the early days of the correction, this metric was as wide as 7% at the markets lowest point. 

Over the next few weeks we will discuss various ways to measure bond performance using fairly simple metrics. The NSE-ASI closed at  21,106.81 +0.01% (-2.2% in the previous week). Volume for the week was a cumulative 0.809 billion shares (0.878 billion shares in the previous week). 

A premium profile on BroadStreetLagos.com gives you access to the data you need. Over the next few weeks we will discuss more indicators, phrases and companies.

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