NSE-Market Review [11-15 Jul.2011]

The market continued its downward trend last week, with an uptick on only one day - however Friday this time rather than Thursday. The NSE-ASI closed at 23,832.14 -0.0157%  (-0.015% in the previous week). Volume for the week was a cumulative 0.938 billion shares (1.685 billion shares in the previous week). The turbulence in this new market needs proactive attention.

A premium profile on www.broadstreetlagos.com gives you access to the data you need. Over the next few weeks we will discuss more indicators.

NSE-Market Review[4-8 Jul,2011]

Suspension of 41 companies by the NSE for not submitting annual reports. The NSE-ASI closed at 24,310.03 -0.015% ,Volume for the week was a cumulative 1.685 billion shares 

Although, former Minister of Finance and World Bank Managing Director, Dr Okonjo-Iweala was confirmed by the Senate to be a Minister in the new Jonathan administration, the market continued its downward drift. It appeared to mirror last weeks trading pattern with an uptick on Thursday only to reverse the next day, same as last week.