Emog

The rumored CBN regulation which restricts margin lending
by banks seems to have resulted in a chain reaction between
the local capital market regulators,  brokers and the CBN.
Each party trading blames as to the cause of the downturn in
the market. Some believe that these are indicators that the
Nigerian stock market is relatively underdeveloped and not
properly regulated.

The NSE has been growing on an average compound rate of
46% over the past 5 years. This results over the years makes
the NSE one of the best performing equity markets in the world.
However, the recent trend in the market which has been bearish
saw stocks loosing almost all the profit that they have made for
the year. Continue Reading »

Mortgage Sector.

The mortgage sector has continued to witness a lot of activity
since the listing of Aso Savings and loans on the floor of the
Nigerian Stock Exchange. Aso Savings and loans has continued
to reach new heights as investors continue to strive for a stake in
it. The demand for the stock remained high with the supply falling
short of the demand. The stock was admitted in the official list of
the Nigerian stock exchange about 3 weeks ago at N3:50 and has
since been on the upsurge.

Petroleum Sector.

Oando Plc has been appreciating over the past weeks as a result
of their impressive audited financial year report for the year ended
December 2007 released to the Nigerian Stock Exchange and to
the public. Oando’s year high is N282.77 while its year low is
N119. Continue Reading »