Nigerian Equity Investors Upbeat, As Low Money Market Rates Buoy Positioning In Dividend Stocks

Market Update for February 15

Trading on the Nigerian Stock Exchange on Thursday was a consolidation of previous day’s position, amidst continued volatility and recovery mode. This was supported by an increasing demand for relatively low priced stocks as reflected in the volume traded.
From the opening session, the index gapped up till mid-morning and pulled back slightly by the midday before retracing up to hit intraday high of 42,604.40 from lows of 42,171.80 basis points. It backed off with a 3-wave corrective move and held support at the current level, any breakout of 42,735.52 will signal real recovery from the recent seven-day correction.
The market forces-induced pullback is progressively rebounding as economic, market and company fundamentals remain strong ahead of the Q4 earnings reporting season.

Thursday’s market technicals were strong and positive, with buying pressure at 100% and selling position of 0%, volume index was 0.60 with money flow index at 33.13 point.
At the close of trading, the composite All-Share index gained 432.60 points to close at 42,604.40 basis points after opening at 41,171.80bp, representing a growth of 1.03% on a high traded volume that was higher than the previous day’s. Similarly, market capitalisation was up N155.25bn to close at N15.29tr, after opening at N15.13tr, which also represented 1.03% appreciation in investors’ position.
The sustained upturn resulted from value gain in stocks like FBNH, UBA, Dangote Flour, Flour Mills, Access Bank, Lafarge Africa, Stanbic IBTC, Zenith Bank, Dangote Cement, ETI, GTBank and NB.
On Thursday, the board of NB advised investors of its offer of N3.13 per share as dividend to shareholders whose names appear in the register of members on March 6, before it closed between March 7 to 13, 2018. Shareholders are expected to approve the recommended dividend payment slated for April 23, at the Annual General Meeting on April 20 in Lagos. The company has advised, in line with the regulatory directive that the dividend, less withholding tax shall be transferred electronically to bank accounts of beneficiaries to replace the age-long warrants now outlawed.
These impacted positively on the NSE’s Year-To-Date returns, which bounced back to 11.40%, just as market capitalisation gain for the period rose to N1.67r, representing a 12.20% YTD growth.

The Composite and all other sectorial indexes closed green, except for the NSE AseM that stayed flat. Market breadth was positive as advancers outpaced decliners in the ratio of 29:24.
Market activities in volume and value terms were up by 18.13% and 33% respectively to 615.18m shares worth N6.28bn from previous day’s 520.74m units valued at N4.72bn.
Transaction volume for the day was considerably boosted by financial services and Agriculture stocks like Multiverse, Skye Bank, Access Bank, FCMB and FNBH which witnessed increased trading to top the activity chart as most traded.

FBNH and Wapic Insurance topped the advancers table for the day with 8.23% and 6.25% gain to close at N12.50 and N0.68 respectively, due to expectation of full-year earnings, while the decliners log was led by Caverton and Courtville losing 8.77% and 8.70 % to close at N2.60 and N0.42 each, on profit taking and market forces.

TODAY’S OUTLOOK
Being the last trading session of the week, expect short term positioning for Q4 earnings reports and volatility to continue as traders jump back into the market on low price attraction ahead of dividend declaration. The relatively low interest rates in the money market and sell-off in the bond market will boost inflow into stock market as fund managers play earnings season for quick returns in high dividend paying stocks,
However, we would like to reiterate that investors should go for equities with intrinsic value, especially during this season that dividend payment is approaching.

We advise investors to allow numbers 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 08028164085.

Get your home study pack on INVEST 2018 Traders & Investors Summit and ride with the current recovery on Nigeria’s stock market and economy. By investing and trading knowledgeable. You can also still access stocks analysed in the home study pack of the INVEST 2018 traders & investors summit, which includes 15 stocks picks for 2018 are available now to guide your positioning as trading for the year just started.
Comprehensive training materials on stock Trading and Investing for Financial Independence series are Available, you can play and watch on your mobile phone, laptop, desktop and Tv. Kindly call or send yes to 08032055467, 08028164086 or 08111811223.

Chart Summit! Chart Summit!! Chart Summit!!!
Investdata Consulting Ltd is organizing another workshop where experts would simplify market jargons with the aim of increasing understanding and increasing the pool of retail investors.
Theme: ABC of Technical Analysis for the Novices and Advance Traders
Have you traded the stock market before and failed? It is a known fact that about 90% of those who trade without knowledge and understanding of the dynamics will end up losing 90% of their capital most of the time. You don’t have to be one of them.

Therefore, when you attend this Practical ABC Technical Analysis conference, you would learn how to trade such that you become one of the lucky 10%, who manage to consistently play the market profitable by themselves through our SIMPLE trading strategies and buy & sell signal setup.
Consistency is the key to equity trading and investing successfully.

At investdata we have been teaching investors simple and proven strategies which when implemented makes you a successful trader and investor in any market situation, especially when it comes to equipping you well enough to know how to protect their portfolios and profit from market corrections in a recovering economy.
We have also, over time, focused attention on attuning the mindset of investors and traders to managing risk, while eliminating emotions when trading so as to avoid irrational investment decisions.

Attend the Practical Conference on Technical Analysis for the Novices and Advance Traders. We would be taking participants through:
• Understanding the momentum behind current equity movement and when to exit using SIMPLE Technical Indicators and Tools to avoid losing capital and profit.
• Our team of experts and time-tested resource persons will show you how you too can successfully and confidently trade and invest in stocks profitably on your own from your phone, laptop and/or desktop computer.
• Know what the smart money are doing
• Know what they are buying
• How you should buy what they are buying.
The workshop is scheduled as follows:

DATE: February 24. 2018
TIME: 10am – 3.00pm
VENUE: Ostra Hall & Hotel, Behind MKO Abiola Gardens, Opposite NNPC Gas Plant, CBD, Alausa, Ikeja. Lagos.

This chart summit is designed specifically for those who:
• Jump out of profit position in fear of giving profits back?
• Indecision in pulling the trigger because you fear the prospects of a loss?
• Holding on to losing positions because you fear taking the loss?
• Trading often leads into unplanned trades because you fear leaving money on the table?
• Small trade size or investing small amount because you’ve just had a large loss?
• Increasing you position size to try and make up for past losses?

This practical workshop is for novice traders, investors, professionals and fund managers who want to overcome fear and improve their trading performance. The workshop is basically on technical analysis and practical charting teaching on evidence-based techniques that is working in today market. Also the power of focused trading and investing strategies that will help participants build mental skills to turn fear into profits and protect capital.

Registration is ongoing
There will be sales of stock trading and investing materials at the end of the conference, 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 in 2018. Also come with your laptop.
For more enquiries about the programme, please call 08032055467, 08179547605, and 08111811223.

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