Market Update

NSEASI Fails Recovery, Sheds 52Bpts

For the third time within the week, the lead indicator of the Nigerian Bourse closed with the bear, shedding 52Bpts. All other observed market indexes followed the lead indicator’s path.

Today’s negative performance is a failure of the recovery pattern identified with yesterday’s trade. Recall that we noted the need to confirm the pattern before taking any investment decision. Please note that NSEASI has the next strong support around 27,054.10.

Today’s trading activities produced 17 advancers and 24 lagers. NSEASI YtD return is currently -3.33% while the Market Capitalization YtD returns stood at –N341.246 billion.

Volume Index for today is 0.80 as buy volume and sell volume is estimated at 0% and 100% respectively.

Comment here

Market Update

NSEASI Fails Recovery, Sheds 52Bpts

For the third time within the week, the lead indicator of the Nigerian Bourse closed with the bear, shedding 52Bpts. All other observed market indexes followed the lead indicator’s path.

Today’s negative performance is a failure of the recovery pattern identified with yesterday’s trade. Recall that we noted the need to confirm the pattern before taking any investment decision. Please note that NSEASI has the next strong support around 27,054.10.

Today’s trading activities produced 17 advancers and 24 lagers. NSEASI YtD return is currently -3.33% while the Market Capitalization YtD returns stood at –N341.246 billion.

Volume Index for today is 0.80 as buy volume and sell volume is estimated at 0% and 100% respectively.

Comment here