NSE Market Review [8-12 Aug]

Last week’s nationalization of three listed banks seemed to be the push this market had been ignoring. A market that had been on edge for some time briefly appeared to be tottering. It may have been emotional but certainly not irrational. 
It appeared to show its discontent with the nationalization during the first three days of trading, the NSE-ASI dropped some 1,061 points (-4.53%). It then reversed its path in the last two days appearing to pick up the pieces from what may have been an overreation.

Focus Indicator:NSE-ASI

The NSE-ASI stands for the Nigeria Stock Exchange All Share Index. It is the most widely followed barometer on the Nigeria Stock Market. Although other indexes have been created, the NSE-ASI is the most closely followed for investors seeking to guage the markets mood or temperature.

NSE Market Review [25-29 July]

The market's mood appears cautious but anticipatory. Caution, as the aftershocks of the banking crisis, the markets meltdown and governance issues at corporate level can still be felt. Anticipatory, as the new leadership at the Ministry of Finance is expected to provide common direction to the financial markets. Recently Nigeria Eurobond yields were reported to have dropped in anticipation of this new leadership.