A Tale of an Emerging Market

&
Market Update

By

Denise Odaro

Presented on November 30th, 2005

Current Market
• FTSE
• NSE (Nigerian Stock Exchange
• DOW
• S&P 500
• NASDAQ
NEWS

• Merrill Lynch names CEO

STOCK PICK

• Google (GOOGL) ↓ $641

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 A Tale of an Emerging Market

• Market cap closed at US$70.14billion – up about US$565.11 million.

• The Banking sector accounted for 80.11% of market volume, followed

by Insurance sector with 12.70%

• Year to date the Naira has gained about 400 basis points on the dollar.
Currently trading at N117.17 to $1

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A Tale of an Emerging Market

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 The Financial Capital of the World –
UK Stocks to watch
• BARCLAYS (BARC.L

• Northern Rock (NRK)

• Rio Tinto

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 Derivatives & Consequences

• Derivatives
– Barings Bank, the United Kingdom's oldest investment bank.
– account was numbered 88888 -- a number considered very lucky in
Chinese numerology
– One man army while being responsible for settling his trades, jobs that
are usually done by two different people. This made it much simpler
for him to hide his losses from his superiors
– By the end of 1992, the account's losses exceeded £2 million, which
ballooned to £208 million by the end of 1994

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 Q&A

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