A detailed introduction is here. This is a reminder to check on Monday for the TBIA index. We hope you will like what we have done. It will be updated daily and will provide an indication of the Nigerian Stock Exchange movement. We will publish the White Paper on Monday also.
Tekedia Broad Industrial Average (TBIA)– we have created a stock market index that mirrors the Dow Jones Industrial Average to give a daily assessment of Nigerian stock exchange. This composite includes 20 stocks across different sectors of the stock exchange and we have weighted them by stock price. Automation of the process so that it will show as map is being done. Starting number for the TBIA is 5,000. As the average does well, it will move up, and when it lags, it goes down.