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This is a money management approach based on informed, independent investment judgement, as opposed to passive management which seeks to match the performance of the overall market by mirroring its composition or by being broadly diversified or the buying and selling of a bond as opposed to holding them to maturity. Investdata Academy

NSEASI buy 32% sell 68% volume index 1.08 MFI 37.93 Access buy 56% sell 44% volume index 3.22 Custodian buy 0% volume index 2.04 MFI 83.44 Dangote Cement buy 💯 MFI 72.68 Dangote flour buy 0% MFI 23.28 Dangote sugar buy 87% sell 13% volume index 1.75 MFI 27.31 Diamond buy 0% volume index 2.69 MFI 46.07 ETI buy 💯 volume index 0.78 MFI 87.71 Fbnh buy 💯 volume index 0.70 MFI 44.48 Fcmb buy 0% volume index 2.97 MFI 8.17 Fidelity buy 67% sell 33% MFI 45.07 FO buy 0% volume index 1.44 MFI 39.58 Nem buy 💯 volume index 3.93 MFI 45.61 Oando buy 💯 MFI 66.18 Skye buy 💯 volume index 1.41 MFI 52.85 Stanbic buy 💯 MFI 75.82 Transcorp buy 💯 MFI 62.84 Uba buy 57% sell 43% volume index 1.70 MFI 12.73 Wapco buy 19% sell 81% MFI 68.69 Zenith buy 0% MFI 20.06

Africapitalism promoter and chairman, Tony Elumelu Foundation (TEF), on Tuesday urged more of the continent’s successful entrepreneurs to partner in the task of mentoring and raising the next generation of African success stories. A statement by the leading entrepreneurship-focused philanthropic organisation, announcing the foundation’s 4th Annual Entrepreneurship Forum scheduled for October 25, 2018, in Lagos, noted that this has become expedient against the backdrop of the number of interests expressed in its yearly cohort. According to Elumelu, who is also chairman of the United Bank for Africa Plc and Transnational Corporation of Nigeria (Transcorp), “we will be championing and celebrating them. This year, we are truly achieving scale and impact; we received over 150,000 applications in 2017 alone, up from 20,000 applications in 2015 (650%). “We are now calling on the current generation of African success stories and others to partner with us to see how we can all further...

After weeks of anxiety, the board of Access Bank Plc, on Wednesday published its audited result for the half-year ended June 30, 2018, showing that flat growth in earnings and profit, even as a negative N4.189bn “other comprehensive income,” up from the previous N6.017bn, left “total comprehensive income for the period” at N35.435bn, down by N10.041bn or 22.08% from N45.477bn in the corresponding period of 2017. This followed a N33.779bn net foreign exchange loss, as against previous half-year’s N59.022bn income, even as net loan impairment charge dropped from N10.362bn to N7.34bn. The situation was saved significantly also by the N59.564bn net gains on investment securities, as against the previous N3.645bn loss. The profit slide notwithstanding, the directors elected to retain the dividend of 25 kobo per share, from earnings of N1.38 each, even as ratio of total impaired loans and advances to gross risk assets stood at 4.73%, slightly better than the previous 4.76%. Specific...

• Fines StanChart, Stanbic IBTC, Citi, Diamond Banks N5.87bn Even before paying the fines for its last infraction (sale of pre-registered sim cards in the country), telecommunications giant, MTN Nigeria, is in yet another troubled waters (READ). This time, with the Central Bank of Nigeria (CBN), which at the midweek said it has written the subsidiary of the South African giant to refund a total of $8,134,312,397.63 repatriated using ‘fake’ Certificates of Capital Importation (CCIs) between 2007 and 2015. The company, which continues to delay the listing of its local arm on the Nigerian Stock Exchange (NSE) (READ MORE), being a condition for relaxing the previous fine, is accused of ‘flagrant violation of extant laws and regulations of the Federal Republic of Nigeria.” Specifically, MTN Nigeria is accused of violating “the Foreign Exchange (Monitoring and Miscellaneous Provisions) Act, 1995 of the Federal Republic of Nigeria and the Foreign Exchange Manual, 2006.” The CBN ...

On a stock exchange, this is a method of postponing payment on a bargain until the next settlement day, the investor begins with a bargain for which he or she would like to postpone payment, towards the end of the account, a deal is made that is opposite to the first, meaning, the investor either buys or sells a similar instrument, the original position is then restored by yet another purchase, to be settled on the next settlement day, in effect, the investor negates the original position and then returns to it in the next account. Investdata Academy

Market Update for August 28, 2018 Nigeria’s equity market on Tuesday resisted a further downward pull on improved sentiment, reversing previous day’s decline as bargain hunters took advantage of the prevailing low prices to re-position ahead of month-end’s window dressing and trading account balance by fund managers. This was especially true of banking stocks that had experienced selloffs by smart money, which made their shares prices attractive, considering their fundamentals. Added to this is the fact that a few are expected to pay interim dividend, even as investors look forward to half year earnings reports by these banks to hit the market any moment from now. As at close of trading on Tuesday, the market seems to have set a recovery momentum to build on, but with the dwindling economy and political risks arising from the 2019 poll, which had triggered cautious trading due to seven months of decline. Investors should still watch to confirm this rebound before gradually takin...

NSEASI buy 💯 volume index 1.31 MFI 40.91 Access buy 💯 MFI 42.52 Afrprud buy 💯 volume index 2.44 MFI 55.60 Air service buy 💯 volume index 2.70 MFI 40.36 Caverton buy 💯 volume index 2.24 MFI 30.09 Dangote sugar buy 100 MFI 27.51 Diamond buy 💯 volume index 1.04 MFI 63.54 Eterna buy 0% MFI 68.83 ETI buy 💯 MFI 85.14 Fbnh buy 💯 MFI 49.17 Fcmb buy 💯 MFI 34.28 Fidelity buy 💯 MFI 51.53 Fmn buy 80% sell 20% volume index 2.83 MFI 65.49 FO buy 💯 volume index 0.93 MFI 43.08 GT buy 💯 MFI 21.82 Hony flour buy 💯 volume index 1.20 MFI 38.80 Japaul buy 💯 volume index 1.05 MFI 56.53 Lasaco buy 💯 MFI 20.44 M&B buy 💯 volume index 16.34 MFI 81.50 Mben buy 💯 volume index 1.08 MFI 25.85 Oando buy 33% sell 67% volume index 0.79 MFI 60.84 Regalins buy 0% MFI 21.46 Royalex buy 0% volume index 2.47 MFI 53.19 Skye buy 0% volume index 1.53 MFI 55.65 Sovereins buy 💯 MFI 55.19 Sterling buy 67% sell 33% MFI 60.91 Total buy 💯 volume index 11.09 MFI 81.17 Transcorp b...

The National Bureau of Statistics (NBS), on Monday morning published Nigeria’s much awaited Gross Domestic Product (GDP) data for the second quarter of 2018, showing a 0.45% slower growth than the 1.95% recorded in Q1. Specifically, the NBS said Nigeria’s economy grew by 1.5% (year-on-year) in real terms to N16.58tr, which was 0.72% higher than that of the corresponding period of 2017, just as real GDP growth was 2.94% on a quarter-on-quarter basis. This followed the 3.95% negative growth Year-on-Year in the nation’s oil sector, while the non-oil sector climbed 2.05% in real terms. This represented 1.60% increase compared to the rate recorded for the same quarter in 2017, and 1.29% points over the first quarter of 2018. In broad terms, the NBS explained that “growth in Q2 2018 was driven by developments in the non-oil sector as Services sector recorded its strongest positive growth since 2016. However, the relatively slower growth when compared to Q1 2018 and Q2 2017 could be ...

We all have read about confirmation bias–the tendency to look for information that confirms a pre-existing belief–and how that bias leads us to make bad investment decisions, such as holding a stock for too long or selling it too soon. And in spite of your expertise and good judgment, we all can succumb to this bias when it comes to investing. I have come up with four steps to make sure that you don’t succumb when investing. *Examine all evidence with equal rigor* If you have been sitting on cash during the stock market’s run this year or have been conservative with your investments choices, you may be feeling that you’ve missed out on big returns. And this could lead you to jump into some investments simply because you believe that the market highs will continue (and they have, after all), not because they are the right choice for your portfolio *Get someone to play devil’s advocate* It has happened to the best of us, no matter our education or background in investing. You a...

Market Update for August 27, 2018 Trading and investing risks continue to mount on the Nigerian Stock Exchange (NSE), despite the prevailing low valuation as a result of two consecutive quarters of economic decline as confirmed by the nation’s Q2 GDP at 1.5%, judging by the data released Monday by the National Bureau of Statistics (NBS), compared to 1.95% in the previous quarter. The GDP level had earlier fallen from 2.11% in 2017Q4, amidst the heightening political uncertainties ahead of next year’s general elections (READ MORE). There is als a seeming lack of well-articulated economic reform policies by the fiscal authorities to match concerted efforts by the monetary authorities, including the proposed single-digit loans for agric and manufacturing companies in the country, using the pool of sterile funds kept with the apex bank. Monday’s trading session was volatile, closing negative to reverse the two previous trading sessions of positive sentiment, starting out wi...

NSEASI buy 78% sell 22% volume index 0.70 MFI 31.95 Access 50% sell 50% volume index 1.41 MFI 48.38 Afrprud buy 44% sell 56% volume index 1.60 MFI 44.82 Aiico buy 50% sell 50% volume index index 1.94 MFI 43.34 Dangote Cement buy 💯 MFI 76.95 Dangote flour buy 93% sell 7% MFI 20.95 Dangote sugar buy 67% sell 33% volume index 0.80 MFI 23.91 Diamond buy 💯 volume index 2.15 MFI 61.35 Fbnh buy 33% sell 67% MFI 45.24 Fcmb buy 0% MFI 36.30 Fidelity buy 56% sell 44% volume index 0.72 MFI 51.99 Fmn buy 💯 volume index 3.69 MFI 52.48 GT buy 💯 MFI 17.34 Hmarkins buy 💯 volume index 0.91 MFI 57.41 Hony flour buy 💯 MFI 28.99 Jaiz buy 💯 volume index 4.56 MFI 63.98 Japaul buy 0% volume index 1.13 MFI 47.17 Lasaco buy 💯 MFI 18.20 Nigerins buy 100 volume index 1.45 MFI 87.24 Oando buy 50% sell 50% MFI 59.64 Skye buy 0% volume index 1.46 MFI 58.67 Transcorp buy 80% sell 20% MFI 55.17 Uacn buy 💯 volume index 3.25 MFI 54.61 Uba buy 💯 MFI 14.92 Ubn buy 💯 volume index ...

NSEASI buy 78% sell 22% volume index 0.70 MFI 31.95 Access 50% sell 50% volume index 1.41 MFI 48.38 Afrprud buy 44% sell 56% volume index 1.60 MFI 44.82 Aiico buy 50% sell 50% volume index index 1.94 MFI 43.34 Dangote Cement buy 💯 MFI 76.95 Dangote flour buy 93% sell 7% MFI 20.95 Dangote sugar buy 67% sell 33% volume index 0.80 MFI 23.91 Diamond buy 💯 volume index 2.15 MFI 61.35 Fbnh buy 33% sell 67% MFI 45.24 Fcmb buy 0% MFI 36.30 Fidelity buy 56% sell 44% volume index 0.72 MFI 51.99 Fmn buy 💯 volume index 3.69 MFI 52.48 GT buy 💯 MFI 17.34 Hmarkins buy 💯 volume index 0.91 MFI 57.41 Hony flour buy 💯 MFI 28.99 Jaiz buy 💯 volume index 4.56 MFI 63.98 Japaul buy 0% volume index 1.13 MFI 47.17 Lasaco buy 💯 MFI 18.20 Nigerins buy 100 volume index 1.45 MFI 87.24 Oando buy 50% sell 50% MFI 59.64 Skye buy 0% volume index 1.46 MFI 58.67 Transcorp buy 80% sell 20% MFI 55.17 Uacn buy 💯 volume index 3.25 MFI 54.61 Uba buy 💯 MFI 14.92 Ubn buy 💯 volume index ...

This slang means a concealment of information about the sale of stock from dealers and specialists by institutional investors or brokers. Such information may include reasons why the stock is being sold off, and the number and price of the shares in question. In a nutshell, bagging the street refers to the strategy of profiting from price changes created by block trades. Bagging the street is a classic trading strategy, but it relies on access to real-time information, something most everyday traders do not have. This slang is a great example of how information can be the most valuable commodity in the world, and traders will pay through the nose to get access such an information. Investdata Academy

Welcome to those who are just joining us. This is InvestData Consulting Limited which specializes in Financial Services. We are very renowned for excellent guidance regarding the stock market and capital markets. Our team of experts will be sharing not only financial services but general update regarding the financial market. Also, this forum will give you useful tips that will affects your finances positively. 1.   Free tips on investing productively. 2.  General emotionally and psychologically tips that affects our lives. 3. Make extra and passive income. This is not the common get rich quick schemes. 4. Forecast of how market will turn out. 5. Weekly tips and advice. 6. Buying and selling signal. That is what stock to buy. Dedicated to your financial success. Ambrose Omordion CRO InvestData Consulting 08028164085,08032055467 www.investdataonline.com  Please also note the rules that governs this forum. A simple rule to govern the forum. P...

NSEASI buy 79% sell 21% MFI 30.05 Access buy 23% sell 77% MFI 43.71 Afrprud buy 0% MFI 84.38 Aiico buy 💯 MFI 45.32 Air service buy 💯 volume index 2.07 MFI 35.18 Cadbury buy 💯 MFI 20.04 Cutix buy 0% MFI 58.58 Dangote Cement buy 80% sell 20% MFI 56.45 Dangote flour buy 💯 MFI 27.34 Dangote sugar buy 60% sell 40% MFI 66.04 Diamond buy 20% sell 80% MFI 36.16 Eterna buy 0% volume index 0.87 MFI 69.96 Eti buy 48% sell 52% volume index 3.99 MFI 38.76 Fbnh buy 50% sell 50% MFI 44.84 Fcmb buy 💯 MFI 23.48 Fidelity buy 50% sell 50% MFI 44.60 Fmn buy 💯 MFI 31.78 GT buy 75% sell 25% MFI 44.42 Hmarkins buy 67% sell 33% volume index 1.05 MFI 73.69 Hony flour buy 💯 MFI 35.58 Jaiz buy 0% MFI 41.17 Japaul buy 💯 MFI 42.93 Lvstk buy 0% MFI 25.15 M&B buy 💯 volume index 0.70 MFI 20.79 Mben buy 0% MFI 66.90 Nahco buy 6% sell 94% MFI 8.42 Nascon buy 0% MFI 57.43 Nem buy 💯 volume index 8.79 MFI 79.44 Oando buy 💯 MFI 19.00 Okomu buy 0% MFI 35.07 Red buy 85% sell 1...

"Never give up, and be confident in what you do. There may be tough times, but the difficulties which you face will make you more determined to achieve your objectives and to win against all the odds." With the current status of the market I want to encourage you never to give up on the market completely. I understand that you must have lost a lot in the market couple the discouraging news about the market, you might decide not to venture into stocks again. However, Thomas Edison who failed 9,999 times in the process of inventing electric bulb saw opportunities in every failure that came his way. Hence, I want you to see the current bear market as an opportunity to prepare yourself for the bull market. But this can be done in isolation or guessing but through knowledge acquisition. The *Comprehensive Stock Trading Toolbox for the Rest of 2018 Home study pack USB* have been prepared in line in helping you prepare. Order now if you have not given up on the market. Ca...

https://investdata.com.ng/2018/08/investdata-corporate-actions-as-at-week-ended-august-24-2018/#more

As part of its corporate social responsibility initiatives, Ecobank Nigeria Limited at the weekend announced its adoption of Waris Olamilekan Kareem, the 11-year old boy who painted the portrait of French President Emmanuel Macron, during his visit to the New Afrika Shrine in July. He was identified by Ecobank, one of the sponsors of the “Celebration of African Culture” at the New Afrika Shrine, as a talented young artist and was given the opportunity to paint and present a portrait of Emmanuel Macron on behalf of the bank. An agreement was signed with boy-artists parents for educational support/grant and upkeep allowance spanning all of 20 years. According to Charles Kie, its outgoing Managing Director, Ecobank Nigeria decided to support the education of Waris, “to nurture and enable him develop his gifts and other interests he may have in future.” It is a great privilege, he continued, to partner with the family in recognition of the child’s exceptional talent, especially as...

https://investdata.com.ng/2018/08/investdata-price-earnings-tracking-for-week-ended-august-24-2018/#more

In two consecutive days- Thursday, August 23 and Friday, August 24, 2018, the Central Bank of Nigeria (CBN) injected a total sum of $543.22m and CNY63.21m into the inter-bank foreign exchange market. While $100m was offered as wholesale interventions, the sum of $55m was allocated to the Small and Medium Enterprises (SMEs) forex window, just as the invisibles window, which caters for customers requiring forex for Business/Personal Travel Allowances, tuition and medical fees, among others, received $55m. Similarly, on Friday, a statement by the CBN said the sum of $323.22m, or 59.48% was injected into the interbank retail Secondary Market Intervention Sales, besides the total of CNY63.21m offered in the spot and short-tenored forwards, arising from bids received from authorized dealers CBN’s spokesperson, Isaac Okorafor, who confirmed the figures, expressed the apex bank’s renewed commitment to maintaining Nigeria’s external reserves to safeguard the international value of th...

Latest data from the Central Bank of Nigeria (CBN) website shows that the nation’s external reserves fell to $46.257bn on August 20, from $47.119bn at the end of July, 2018, representing a decline of $862.23m, or 1.82%. Month-on-Month however, the reserves level fell by $1.13bn or 2.38% from $47.388bn on July 20, 2018, returning to a level it last touched on March 29, when it hit $47.257bn as it climbed upward. The reserves level had risen from $38.765bn at the end of December 2017, peaking at $47.865bn on May 5, 2018, accumulating a robust $9.099bn, or 23.47% within the period. Thereafter, it began a gradual decline, owing to the exit of foreign portfolio investors due to the mounting concerns over the 2019 elections. In his personal commenting at the April meeting of the Monetary Policy Committee (MPC), released by the CBN, a member, Prof. Adeola Adenikinju, a member, noted the need for the “maintenance of adequate foreign reserves as a hedge against reversal in portfolio ...

As promised in the communique issued at the end of the 119th meeting of its Monetary Policy Committee (MPC) on July 24, the Central Bank of Nigeria (CBN), on Thursday, unveiled plans to enable companies with capacity to create employment and stimulate economic growth, access a pool of once sterile Cash Reserve Requirement (CRR) warehoused by deposit money banks. Although it is not immediately known how much is available under the programme, it may run into trillions of Naira. Funds to be disbursed under the scheme tagged: Real Sector Support Facility (RSSDF), are targeted primarily at A-rated companies operating in the real sector (manufacturing, agriculture and any other permitted by the CBN). Banks are allowed under the scheme to facilitated a maximum of N10bn per project at an all-inclusive interest rate/charge of 9% per annum. The CBN encouraged customers to report any bank that charges rates above that prescribe to the CBN’s Director of Banking Supervision, even as rep...

NGSE Market Update for August 23, 2018 Dangote Cement Plc, the biggest stock by market capitalization of the Nigerian Stock Exchange (NSE), on Thursday, pulled its weight, impacting the indicators positively to reverse the previous day’s down market after the Sallah holiday. This followed a seemingly improved buying sentiment, as highly capitalized stocks become most attractive at the prevailing market value for institutional investors. The volatility pattern of the market continued to reflect cautious trading by players as the nation’s statistics support arguments about stagnation in the economy, especially with the low consumer confidence and dwindling purchasing power among Nigerians. Unfortunately, it is happening at a time governance has taken the back seat, with government and politicians concentrating their efforts at the moment on politics at the detriment of the economy, with implementation of the 2018 budget yet to reflect on the system. Meanwhile, the government ...

The Central Bank of Nigeria (CBN), on Thursday published guidelines for its Real Sector Support Facility (RSSDF), a pool of funds comprising the Cash Reserve Requirement (CRR) kept in its vault by deposit money banks in the country. Under the guideline released by the CBN’s Development Finance Department, banks may facilitate as much as N10bn to any company in economic growth stimulating and job creating sectors such agriculture and manufacturing, at a minimum tenor of seven years for facilities under the Differentiated Cash Reserves Requirement (DCRR) regime. The DCRR allows banks to request the CBN to release funds from their CRR to finance new (greenfield), as well as expansion (brownfield) projects in the real sector. Such banks must however provide verifiable evidence that such funds shall be directed at the CBN approved projects. Unlike in the present situation where the CRR was warehoused at zero interest rate with the CBN, the owner banks can now earn an all-inclusive...

A watered stock is a stock offered to public investors by founders and promoters of a company at a greatly inflated price compared to its book value or cost; or stocks of a company issued for property that is worth less than the stock. This term was derived from the practice in the cattle industry, the habit of encouraging animals to drink a lot of water before being weighed for sale. The weight of the consumed water would make the cattle deceptively heavier, enabling the ranchers to fetch higher prices for their cattle. This term again was introduced by Daniel Drew, a cattle driver turned financier. Investdata Academy

NSEASI buy 💯 volume index 0.88 MFI 15.91 Access buy 60% sell 40% MFI 43.17 Aiico buy 0% volume index 1.85 MFI 27.13 Caverton buy 0% volume index 0.79 MFI 17.61 Dangote Cement buy 💯 volume index 2.23 MFI 56.68 Dangote flour buy 💯 MFI 23.50 Diamond buy 0% volume index 1.36 MFI 46.97 Eterna buy 💯 MFI 81.28 ETI buy 0% MFI 48.71 Fbnh buy 0% volume index 0.92 MFI 66.01 Fidelity buy 💯 MFI 39.02 Fmn buy 0% MFI 13.68 GT buy 💯 volume index 0.83 MFI 18.96 Hony flour buy 💯 volume index 0.92 MFI 31.63 Jaiz buy 0% volume index 1.28 MFI 31.25 Japaul buy 0% volume index 1.34 MFI 33.71 Lvstk buy 0% volume index 1.85 MFI 49.99 Nem buy 0% volume index 1.55 MFI 42.55 Oando buy 💯 MFI 49.30 Regalins buy 💯 MFI 30.81 Skye buy 💯 volume index 3.40 MFI 52.23 Sovereins buy 0% MFI 54.77 Transcorp buy 83% sell 17% volume index 0.90 MFI 50.04 Uba buy 0% volume index 2.34 MFI 25.21 Ucap buy 0% MFI 44.28 Unilever buy 💯 volume index 1.44 MFI 46.59 Zenith buy 0% volume index 1.1...

A war chest is the cash set aside by a company in anticipation of a capital intensive event, such as an acquisition or a market consolidation. It can also be used as a buffer against adverse events during uncertain times. War chest can also be a specific fund set aside to defend lawsuits because it is better to have the resources to pay for legal counsel to defend meritless lawsuits than to pay a "legal ransom" just to make such a lawsuit go away. A war chest is often invested in short term liquid investments such as treasury bills and bank deposits which can be accessed on demand. Investdata Academy

Happy Eid-el-Kabir From InvestData Consulting Limited To our Muslim brothers and sisters, It’s a day of rejoicing and bliss, it’s a day of blessing and peace, it’s a day to reflect and ponder, it’s a day to celebrate together! Here is wishing that the blessing of God may light up your way and lead you to eternal happiness, success and peace. May the blessings of God fill your life with pleasure, opening all the doors of success in all sphere of your life now and always in this EID DAY. Happy Eid-el-Kabir InvestData Consulting Limited PS: Since it is Holiday, you can spare some time to do this. Plan your rest of the year investment because he who does not plan automatically plan to fail.

Company: UACN Plc Rating: Buy Current Market Price at Earnings Release:N13.20 Intrinsic Value: N25.26 Latest Full Yr Cash Div: N 0.65 By: Jeariogbe Tunde Segun (Equity Analyst) Financial Highlights • The company’s share outstanding increased from 2.881 billion from N1.92 billion within the reported period. This was due to the 960,432,193 ordinary shares of 50 Kobo each at the rights issue price of N16 per share on the basis of one new ordinary share for every two ordinary shares held as at 19th October, 2017. Please note that the said offer was closed on 22nd December, 2017. • At its Annual General Meeting held 20th June, 2018, it was reported by the management that N1.872 billion (N0.65/share) was approved by the shareholders as dividend for the year ended 31st December, 2017. • This report considered the recently released half year financial performance statistics as released by the management of UACN, in the report. • We observed a lower per...

NGSE Market Update for August 20, 2018 Trading activities on the Nigerian Stock Exchange (NSE) on Monday was a very volatile session, which closed positive this time around on seemingly improved sentiments that supported the back-to-back gains due to price appreciations in highly capitalized stocks like Dangote Cement and Stanbic IBTC, ahead of the public holidays on Tuesday and Wednesday for the Sallah festivities. The benchmark NSE All-Share index on Monday started out sharply on the downside in the morning hours, a situation that was sustained until afternoon, as highly capitalized stocks suffered further decline. This was reversed up at about 2.01pm to touch intraday highs of 35,425.17 basis points, from its lows of 34,900.25bps, on a new Motive Wave, in the last few minutes, before closing at 35,341.90bps on a declining volume. The two-day rebound after seven months of downtrend into the year is still not strong enough to say there is a recovery until a breakout of the f...