Market indicators of the financial health and perception of the economy appeared hazy as indicators point to all directions, with stock market looking up, currency market looking down and money market in mixed-grill. Though the Nigerian Stock Exchange All Shares Index, NSE ASI, closed the year down by 17.36 per cent the market will be opening for the first trading day of 2016 from a positive point following the steady positive streak it recorded in the last trading week of 2015.
The index appreciated by 3.11 per cent and 3.79 per cent last week Thursday and Wednesday respectively after a similar positive closing earlier in the week. NSE ASI closed the year at 28,642.25 points, compared with 34,657.15 as at end-December 2014. But week-on-week, the Index appreciated by 6.59 per cent and month-on-month it appreciated by 4.59 per cent in the last month of 2015.