Friday, November 18, 2011

NSE Market Review [26-30 Sept]


The markets current mood could be many things to different people. To the bears it could be vindication. To the bulls it could be a gold mine with tremendous upside. To the team at Applied Logic it is content that needs structure to guide the many opinions that are developing on this market. 

Last weeks Africa Investor forum at the New York Stock Exchange was inciteful. Strong participation coupled with strong opinions about the continents prospects clearly indicate plenty of promise. Despite initial attempts to breach 20,000 on the downside, the NSE-ASI retraced its steps however not providing any clarity on its intentions. The NSE-ASI closed at  20,373 +0.98% (-4.28% in the previous week). Volume for the week was a cumulative 1.246 billion shares (1.056 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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