Thursday, September 15, 2011

NSE Market Review [25-29 July]

The market's mood appears cautious but anticipatory. Caution, as the aftershocks of the banking crisis, the markets meltdown and governance issues at corporate level can still be felt. Anticipatory, as the new leadership at the Ministry of Finance is expected to provide common direction to the financial markets. Recently Nigeria Eurobond yields were reported to have dropped in anticipation of this new leadership. 
The NSE-ASI closed at 23,826.99 -0.41% (+0.036% in the previous week). Volume for the week was a cumulative 1.56 billion shares (1.156 billion shares in the previous week). 

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