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STOCK MARKET WEEKLY REPORT – WEEK ENDED JAN 11 2013

Ugodre Obi-chukwu by Ugodre Obi-chukwu
January 14, 2013
in Uncategorized
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Its the start of the year already and in the first full working week for the year, the Nigerian Stock Market Allshare Index has risen 4% year to date. In just over a year, the Nigerian All Share Index has risen over 35% and is still rising. Much of this rise is due to increased Foreign Portfolio Investment (FPI) in our equities as foreign investors take advantage of our cheap and depressed stocks. FPI’s have increased over the last 5 years from making up just 14% of investments in the NSE they are now up to 60% as at 2012.

The report also contains other company news and information for the week.?Below is the stock market report for the week, released weekly by the NSE

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Tags: Deepdive
Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

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