MARKET UPDATE FOR NOVEMBER 28, 2017

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 low of 37,212.61 to break out the market’s recent resistance after forming a double top on the index movement chart to close higher and reverse previous day’s bear market.

Technicals were positive and strong on huge volume with positive market breadth supported by the high buying pressure of 88% to reverse the previous day’s selling volume of 88% as revealed by the volume index at 2.91 and buying position of 88%. Selling pressure was 12% of the total transaction to halt Monday’s down market. 

It is not out of place to warn that this current breakout is very fragile and calls for caution in this short primary bullish market. The sectoral indexes followed the path of the Composite index, except the NSE Oil/Gas and NSE Lotus that were lower.

The All Share Index gained 252.95 basis points to close at 37,503.73, from the 37,250.78 points, representing a 0.68% growth and in the same direction with market capitalisation which gained N88.09bn to close at N13.06tr from the previous day’s N12.97tr, representing a 0.68% value gained in inventors’ portfolio. 

Upturn in the market was driven by price appreciation of low,medium and high cap stocks like Dangote Cement, which recently opened its latest plant in Congo;Stanbic IBTC, Zenith Bank, UBA, Dangote Flour, Unilever, Forte Oil, Nigerian Breweries and FBNH, which together impacted positively on the ASI’s year-to-date returns, taking it to 39.55%, just as YTD growth in market capitalisation stood at N3.81tr, representing a 41.25% rise over the year’s opening value.

Market breadth was positive as the number of advancers outpaced decliners in the ratio of 25:11on a huge traded volume that was higher than previous day’s level that was boosted by Wapic Insurance and Diamond Bank.

Market activities in terms of volume and value were up by 16.90% and 0.42% respectively to 1.10bn shares worth N4.8bn from previous day’s 942.72munits valued at N4.78bn. Other heavy transaction drivers during the day were Zenith Bank, FBNH and Tantalizer Plc, that also topped volume chart.

Eterna oil topped the advancers’ table with its 4.99% gain to close at N4.21 per share on low price attraction and impressive Q3 numbers, followed by GSPLC which notched 4.95% to close at N5.51 on market forces.

On the flipside, PZ shed a further 4.32% to close at N22.72 each on market forces and  profit taking, ahead of Aiico, which lost 3.57% to close at N0.54 each, also on  market forces.

TODAY’S OUTLOOK

With month end underway, expect volatility to continue as traders take profit and balance their trading positions, which might influence price positively or negatively, depending on market momentum on the strength of liquidity and ahead of the year-end season, since the price of oil in the international market remains relatively high, ahead of the Organisation of Petroleum Exporting Countries (OPEC) meeting tomorrow that will determine whether there would be an extension in production cut beyond Q1 2018, or a further supply cut to  boost price. 

Again, we advise that investors allow numbers to guide their decisions while repositioning for the rest of the year’s trading activities, especially now that stock prices remain volatile amidst improving company, economic and market fundamentals.
It is time to combine fundamentals and technical tools to take decision by knowing the support and resistant level to reposition or exit any position. Market is in phases know the cycles in order to manage your trading and investing risk. For stocks that should be on your shopping list to buy in this seasonality changes as the year winds down, sign up to INVESTDATA BUY AND SELL signal setup by calling 08032055467.
Get your home study pack today and ride with the current recovery on Nigeria’s stock market and economy. By investing and trading knowledgeable

Comprehensive training materials on stock Trading and Investing for Financial Independence series are Available (Home Study Pack), you can play and watch on your mobile phone, laptop, desktop and Tv. Kindly call or send yes to 08032055467 or 08111811223.

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INVEST 2018 TRADERS & INVESTORS FINANCIAL SUCCESS SUMMIT

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, Fellow CIS   and Managing Director of APT Securities & Funds Limited. He will also tell participants about classes of stocks to focus on, in this new market normal value of 1kobo in 2018.

The Secret For Finding Better Trades & Investment Opportunity

Mr. Abdul-Rasheed OshomaMomoh, Head, Capital Market in TRW Stockbrokers Limited will handle: “Discover how to Trade Smarter, How You Can Stay on the Right Side of the Market Most of the Time,” as well as specific, high winning probability, chart patterns: “Trading Price Direction based on Momentum Flows, The current market cycles, how they are used for trading price direction, in addition to How to set realistic & achievable profit.”

Comprehensive Earnings Guide for Investing and Trading in 2018 Earnings Season Profitably

“Equity price movement is a function of earnings in the short run and long term,” market reaction to earnings in any market cycles is prolonged by dividend payout, relative to price. It makes a lot of sense to trade in the direction by knowing the companies that will grow their payout in 2018… as long as you identify such stocks in their early stages. Hindsight, as they say, earnings calendar, trend, surprise and quality of numbers are very useful in making profitable investment decision in 2018 and beyond, which would be handled by Ambrose Omordion, Chief Research Officer of InvestData Consulting Ltd

How to Pick Investable Securities: Using Econometric Models and Other Strategies Of Successful Traders To Improve Your Trading Margin.

In this presentation by Engr Mike Ekwueme Anyadibe, CEO of X-Front Trader Limited, you will learn how financial engineering can be applied on NGSE market data: How the gurus pick securities, depending on their client’s different investment goals, whether for dividend Income. Or, are you a momentum or trend following trader who wants to grow your wealth through the stock market? Even If you’re a complete beginner – What is model, And Why Was It the profitable strategy between 2009 - 2017 so far.

This summit is the perfect opportunity to learn from the best industry experts and to get the personal attention in the exclusive Q&A session after presentations!

The summit holds on December 9, 2017 at Ostra Hall & Hotel, Behind M.K.O Abiola Gardens, Opposite NNPC Gas Plant, CBD, Alausa, Ikeja. Time is 9:00am. The fee is N25,000 per participant. Payment made on or before December 1, 2017 attracts 10% discount. Companies sending more than two representatives would enjoy 15% discount. Those who have participated in our previous seminars and workshops will enjoy 15% discount.  Payment should be made into Investdata Consulting Limited; Zenith Bank Acct. No: 1013033032 or UBA, Acct. No: 1020288683.

To register for the coming summit Kindly visit our site www.investdataonline.com OR www.investdata.com.ng also you can call or send yes to 08032055467, 08111811223 or 08179547605

N.B: At this event you’ll hear real case studies and see examples of exactly how you can use these same techniques. This summit is packed with great content, but the room only has capacity for 100 people and registration is ongoing, so you’ll need to act fast.
If you are looking for a way to make money in the market as a Full-time or Part-time trader or investor, this is your opportunity.

Dream it! Wish it! Do it! Enjoy it! Don’t Miss out

Best regards

Ambrose Omordion
CRO | Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467