Friday, November 18, 2011

NSE Market Review [19-23 Sept]




The market appears to have settled into a trading pattern below 21,000 with signs of breaching 20,000 imminent. An excellent place for bargain hunters. 
The NSE is considering reducing the minimum volume required to move prices from 50,000 shares to 10,000 shares.
The demutualisation committee for the NSE was finally set up this week. The monetary policy committee (MPC) of the CBN moved the Monetary Policy Rate (MPR) up to 9.25% during the week. The NSE-ASI closed at  20,202.50 -4.28% (+0.01% in the previous week). Volume for the week was a cumulative 1.056 billion shares (0.809 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.

2 comments:

  1. The People’s Bank of China plans to temporarily waive a requirement for lenders to set aside reserves for some deposits, people with knowledge of the matter said. Gold surged 70 percent from December 2008 to June 2011 as central banks increased money supply on an unprecedented scale. Gold has rebounded almost 6 percent from a four-year low reached in November as China lowered interest rates last month to spur economic growth and Japan expanded its unprecedented stimulus program. The moves rekindled concern that global inflation could rise even as U.S. consumer costs stay below the Federal Reserve’s goal. Speculation that China will do more to support the economy is creating demand for gold. At some point with all this money in the system, we could see some concern about inflation. Gold futures for February delivery climbed 1.9 percent to settle at $1,195.30 an ounce at 1:40 p.m. on the Comex in New York, the biggest gain for a most-active contract since Dec. 9. Prices declined 1.9 percent in the previous three
    MCX Tips

    ReplyDelete
  2. Welcomes to google terminal from Austin Texas! google snake
    Amazing insight you have on this, Happy wheels it's nice to find a website that details so much information about different artists... Age of war 2 This article always blew me... Earn to die For how many times I have read this.
    slither io Hi! I’ve been reading your blog for a while slitherio it's nice to find a website that details so much big farm

    ReplyDelete