The Nigerian President, Dr Goodluck Ebele Jonathan Secures his party’s mandate to run in the April 2011 elections [10-14 Jan, 2011]

Last weeks bang in the market became even louder this week. The Nigerian President, Dr Goodluck Ebele Jonathan, secured his party's mandate to run in the April 2011 elections winning 31 states over his closest rivals 5 states. The NSE-ASI appeared to preempt this by breaching another significant milestone closing above 27,000 and staying there.
It was also the first full trading week of the year. The NSE-ASI closed at 27,267.17 +4.2% (+5.64% in the previous week). Volume climbed to 3.14 billion shares (2.12 billion shares in the previous week).

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