It was "V' Shaped week for the NSE-ASI http://broadstreetlagos.com/asiDetail.php?p=cbc&dd=5D. Again volume for the week remained below 2 billion, following a declining trend in the last few weeks. This appears to be more confirmation that 26,000 maybe a consolidation point, at least till the end of the first quarter.The market could be waiting for a significant change.
Incidentally the NSE's new CEO, Mr Oscar Onyema is set to resume at the exchange in the 1st week in April. Maybe this will be the key to a new direction in the market. The NSE-ASI closed at 26,639.35 -0.17% (-0.3% in the previous week). Volume for the week was a cumulative 1.297 billion shares (1.31 billion shares in the previous week).
Incidentally the NSE's new CEO, Mr Oscar Onyema is set to resume at the exchange in the 1st week in April. Maybe this will be the key to a new direction in the market. The NSE-ASI closed at 26,639.35 -0.17% (-0.3% in the previous week). Volume for the week was a cumulative 1.297 billion shares (1.31 billion shares in the previous week).
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