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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