The Nigerian stock market is certainly enjoying a wild time. It has corrected 9.6%, reversing the previous weeks 7.6% gain. Officials in the country are talking about trying to stop sellers. Clearly, they still have something to learn about markets. Volatility is just something they should get used to. The chart on Japaul oil says it all. This oil services company has dropped 23% in a week.
Wednesday, 25 June 2008
Volatility in Nigerian stock market
The Nigerian stock market is certainly enjoying a wild time. It has corrected 9.6%, reversing the previous weeks 7.6% gain. Officials in the country are talking about trying to stop sellers. Clearly, they still have something to learn about markets. Volatility is just something they should get used to. The chart on Japaul oil says it all. This oil services company has dropped 23% in a week.
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