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Showing posts from November, 2017

INVEST 2018 TRADERS & INVESTORS FINANCIAL SUCCESS SUMMIT

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Sub Topics The Pre-election Economy & 2018 Budget: Implementation and Impact On the Recovery Bull Market In this presentation, Mr Olufemi Awoyemi the founder/CEO of Proshare Limited, chartered Accountant and seasoned financial analyst will review the economy and impact of government policies so far, discussing how the proposed N8.6tr budget will influence the economy in a pre-election year.   He will also take participants through the outlook for the stock market in 2018, while attempting to answer a question like: Is there really any reason to cheer from the mere size of the 2018 budget, considering how those of the past two years have been implemented, especially during this economic recovery phases? Impact and Implication of NSE New Rules on your Equity Investment in 2018 and Beyond. The new strategies to trade and invest in a transforming market will be revealed to boost players profit and minimized losses by Alhaji Garba Kurfi, a chartered accountant, Fe

MARKET UPDATE FOR NOVEMBER 28, 2017

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NIGERIA’S INDEX TURNS GREEN ON REALIGNMENTS INHEAVY WEIGHT, FINANCIAL SECTOR STOCKS Nigeria’s stock market had a spectacular Tuesday and a fantastic run up from the opening point of the session to continue its volatility on the strength of positive sentiments as market and economic fundamentals improved on the strength of the recently released corporate earnings and macro-economic data, which taken together tell a fantastic story. As we mentioned in our update for Monday, funds will continue to seek opportunities for better returns without losing sight of safety, especially when calculated risk are taken in the hope of higher returns. The inflow from retail foreign exchange by the CBN has in one way or the other improved money flow in the financial market.  The market opened on Tuesday with a little pullback that continued to move front and back in the mid-morning and then charged forward by midday to attain an afternoon peak of 37,541.88 after touching intraday lo

MARKET UPDATE FOR NOVEMBER 27, 2017

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AMIDST PORTFOLIO ADJUSTMENTS, INVESTORS, TRADERS TAKE PROFIT AHEAD OF SANTA CLAUS, YEAR-END RALLY Trading on the Nigerian Stock Exchange on Monday was an interesting, but mixed session after three straight day of a seeming bull transition as the week started on a negative note due to high selling pressure and low demand for stocks that was evident in the general financial market, with bonds closing on sell side and pushing yields marginally higher, while money market instruments like Treasury Billswere slightly bearish, due to tight liquidity amidst the sustained foreign exchange market intervention and sale of OMO by the Central Bank of Nigeria (CBN).  This circular flow of money is expected to continue in the financial market as capital looks for opportunity for better returns without losing sight of safety, with no major trigger for the equities’ market at a time the Q3 numbers are already available and the direction each company is tilted is known. More so, investo