Invest Data Consulting Ltd

CONTINUED VOLATILITY, AS NIGERIA’S EQUITIES MARKET SEARCHES FOR DIRECTION The nation’s stock market continued its volatility on Wednesday, as it continues struggling to find direction in the last trading week of quarter with mixed sentiments that had been reflected in the traded volume trend since the beginning of the week, which made the period somewhat dull, thereby disappointing many market players. The seeming low volume seems an extension of the wait-and-see attitude of traders and investors in the days leading to Monday and Tuesday meeting of the of the Central Bank of Nigeria’s Monetary Policy Committee (MPC) to see steps by the monetary and fiscal authorities to boost productivity that will drive economic growth and development, going forward.   The benchmark index on Wednesday had a snapback-recovery to halt two trading sessions of bear run. Trading started out with big gaps to the upside, in the morning, which held secondary support, and then cam...

POST-MPC: NIGERIAN BOURSE CONTINUES SEARCH FOR DIRECTION, AS INVESTORS, DIGEST ECONOMIC REALITIES Trading activities on the Nigeria stock Exchange (NSE) on Tuesday had a mixed and volatile session as traders and investors waited anxiously for the outcome of the 115 th Monetary Policy committee (MPC). It however turned out that like was widely expected, an absolute majority of the committee’s members voted to retain all rates for the seventh consecutive time. There was also a promise of flexibility in ensuring that stimulus packages that will continue to drive economic growth and sustain the ongoing recovery, are put in place in expectation that fiscal authorities hasten the faithful implementation of the 2017 budget. This, it is hoped, will support the Economic Recovery & Growth Plan (ERGP) and aid national output as PMI remains positive and at above the 50 points threshold to indicate early expansion to further confirm the nation’s exit, even if marginally fr...

AS VOLATILITY CONTINUES, NIGERIA’S BOURSE TRENDS SIDE-WAYS, AMIDST WAIT FOR MPC MEETING OUTCOME The Nigeria stock market had a difficult session as it started the last week of September, Monday, red. The index gapped lower on the continued wait-and-see attitude of investors and traders for the outcome of the two-day Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) meeting today, as medium and high cap stocks suffered price declines. The market attempted to bounce back to resistance, but the early rally attempt was stalled and rolled over sharply, with the index really pushing back hard into midday when it attempted to reduce the loss position. The market had broken out the downtrend line but on sideways movement, awaiting positive news and end of the quarter/month rebalancing of fund managers’ trading accounts to push prices up ahead of earnings season trading by speculators. As we have earlier said, smart money is using the ongoing correction in the mark...

What you will learn at this the Independent Day free workshop: 1. The fundamentals of stock trading and investing. 2. Trading and investing strategies that will help you manage your risk, protect your capital and profit from market correction. 3. How to trade on your own online, using the APT eTrade platform on your phone and laptop. 4. The psychology of trading and investing and how it will make you successful.  There will be sales of stock trading and investing materials for further understanding at the end of the workshop, Fundamental and Technical Analysis materials, including home study packs you can play and viewed on your phone, laptop and television set, all at 20% discount for attending. You need to prepare yourself and profit from the market and the recovery economy to truly achieve your financial independence and freedom. Registration fee is just N1500 that is refundable at the venue after the workshop. For more enquiries about the programme, please call 0...

EQUITY INVESTORS LOOK TO MPC OUTCOME AHEAD OF MONTH, YEAR-END PORTFOLIO REBALANCING Trading activities on the Nigerian Stock Exchange in the past week remained highly volatile and mixed but closed higher on improved technicals that supported Friday’s breakout of the downtrend line to confirm the very short term rally that would continue this week, depending however on the outcome of the two-day meeting of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) which ends on Tuesday. The index on a weekly time frame is still relatively weak since it is still trading below its downtrend line, but signaled a breakout on improved volume that indicates increasing buying pressure ahead of third quarter’s end and Q3 earnings season in October, which also would indicate how traders are repositioning for end of the year trading activities. The improvement in market breadth after turning positive in the last two trading session has strengthened market technicals with...

This week is the last in the third quarter of 2017 and would offer a deeper insight into what should be expected from companies in different sector of the economy at year-end.   Therefore, take a look at the sectorial indexes chart below to know where to buy against the quarter end and indeed the last quarter of the year, considering market performance and economic recovery so far. Knowing that the market has gone ahead of the economy because it came out of a three-year recession before the economy due to positive sentiment that followed full-year 2016 and first half of 2017 earnings season that beat market estimates and expectations.   This is in addition to the apex bank’s intervention in the foreign exchange market that attracted more inflow and liquidity into the market.    This week, we are looking at the weekly index action in major sectors of the market, given that the recently released positive economic data did not impact the market as...