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.

What is Arbitrage??

In economics and finance, arbitrage is the practice of taking advantage of a price difference between two or more markets: striking a combination of matching deals that capitalize upon the imbalance, the profit being the difference between the market prices.

NSE-ASI closes above 25,000 for the first time since Nov 18, 2010 [3-7 Jan, 2011]

The market started the year with a bang. Not only was it the first close above 25,000 since Nov 18, 2010 it also found its way above 26,000 and stayed there. Although it was a 4 day trading week, it rung in the new year with some promise. The NSE-ASI closed at 26,169.86 +5.64%  (+0.33% in the previous week).