Invest Data Consulting Ltd

After recording a drop of N513.80 billion in the last three trading sessions as a result of profit booking and the Brexit reaction, the Nigerian Stock Exchange is showing signs of recovery.This stemmed from the fact that the rate of sell-off declined yesterday when compared with the other two trading sessions.   The buy position improved by 47 per cent as against Monday buy position of three per cent, while sell position dropped to 53 per cent from 97 percent sell position achieved in the previous trading day.   At the close of yesterday trading, the composite NSEASI shed 264.99 points to close at 29,575.24 from an opening figure of 29,840.23 representing 0.89 per cent decline due to panic selling by speculative investors and traders who were exiting for safety to protect their funds.   Whereas others were taking advantage of the pull-back to position for end of the month activities due to account balancing by fund managers and other market players and earn...

Two days Comprehensive Stock Market Trading workshop tagged “The Path To Financial Independence “ The prolonged volatile and corrective mood of the market has caused many investors, including market players, to lose money in the global and domestic markets. This is due to the transition in the international economy that has slowed down growth in many economies following the unprecedented collapse of crude oil price.   Such economic slowdown calls for proactive economic managers and the political will to redirect the whole system to a progressive transformation that would boost confidence again in the market. The nation’s bourse has been troubled with prolonged down market that eroded investor confidence as the economy is struggling to find its direction. But with the government trying to champion a new course using the budget and other incentives expected to revamp the economy again, discerning investors and operators who understand market volatility and corre...