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Showing posts from January, 2019

Investdata Daily Sentiment Report as at 31st January, 2019

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NSEASI buy 3% sell 97% MFI 63.80 Access buy 20% sell 80% volume index 1.47 MFI 68.03 Custodian buy 25% sell 75% MFI 71.47 Dangflour buy 0% MFI 23.02 Diamond buy 0% MFI 70.79 Fbnh buy 0% MFI 68.90 Fcmb buy 0% MFI 82.45 Fidelity buy 9% sell 91% volume index 0.87 MFI 64.16 Fmn buy 0% volume index 1.52 MFI 28.93 GT buy 0% MFI 34.11 Jaiz buy 0% volume index 1.29 MFI 47.16 Lasaco buy 0% volume index 1.54 MFI 28.20 Neimeth buy 💯 volume index 2.42 MFI 15.25 Oando buy 💯 volume index 0.90 MFI 64.12 Royalex buy 💯 MFI 65.95 Seplat buy 💯 volume index 2.09 MFI 43.70 Sterling buy 💯 volume index 5.95 MFI 74.87 Transcorp buy 50% sell 50% MFI 62.71 Uba buy 0% volume index 1.12 MFI 27.36 Ucap buy 0% MFI 64.56 Uniondac buy 💯 MFI 80.49 Unity buy 40% sell 60% volume index 1.56 MFI 42.45 Veritas buy 💯 volume index 6.95 MFI 27.33 Wema buy 0% MFI 72.08 Zenith buy 67% sell 33% volume index 1.98 MFI 65.72

Political Tension: Profit Taking, Volatility, May Persist As Investors Reposition For Earnings

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Market Update for January 29 Tuesday’s trading on the Nigerian Stock Exchange (NSE) was once again bearish as the composite All-Share index suffered huge loss extend two days of profit booking and selloff which has been blamed on the recent drama in the political environment.  The occurrence has triggered domestic and international concerns ahead of the February 16 Presidential election, sending negative signals into an already struggling economy. The session started out gapping down, and then continued downward, stair-stepping all day, forming bear flags and wedges. It pulled back to some of the deepest levels right into the close of the day after touching intraday low of 31,178.71 basis points from a high of 31,334.61bps which was lower than it opening on a high traded volume and amidst negative sentiments. It was one of the worse days in the past 14 trading sessions. It is obvious that the panic button has been activated. Remember that in May 2018 when the cri...

RE:PORT HARCOURT 2019

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We wish to appreciate all who made our Port Harcourt INVEST 2019 Summit a huge success. This has once again demonstrated that Nigerians are hungry for investment information and desire to change their financial position. The difference between you and others who are not aware of what I am sharing with you is ACTION. Take action that will transform your life throughout 2019 and beyond by getting the just concluded and life transforming INVEST 2019 TRADERS & INVESTORS SUCCESS SUMMIT Home study pack (USB) that you can play on your phone, Laptop and Television set. The event, which held on Saturday, December 8, 2018, was yet another successful, insightful and educative outing that not only offered direction as to where investors should look for a profitable trade in 2019, insight into industries, sectors and companies to seek worthwhile returns. What stocks should you buy? Grab the pack for the 10 Golden Stocks with possibility of offering in 2019 multiples of what broader stocks ...

NIGERIA’S HEIGHTENING POLITICAL TENSION FUEL PROFIT TAKING, VOLATILITY, AMIDST PORTFOLIO REPOSITIONING

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Market Update for January 28 It was yet another volatile trading session on Monday as the heightening political tension ahead of Nigeria’s February 16 Presidential election halted the bullish transition with the return of bargain hunters, even as corporate earnings season for the 2018 full-year kicks off any moment from now. Basically, the Nigerian Stock Exchange (NSE) All-Share index opened to the downside and stayed so throughout the session. It however pulled back at midmorning, rallied, pulled back again, restarted a couple of times, and then, by mid afternoon took off, closing the day lower than it opened. This was however after touching intraday low of 31, 241.24 basis points, from a high of 31,457.07bps on a profit taking and negative breadth. The unfolding drama between the executive and judiciary signals some kind of desperation by political office holders, leading to a relegation of the rule of law, just as the nation’s constitution continues to be trampled under fee...

Investdata Daily Sentiment Report as at January 29th, 2019

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NSEASI buy 48% sell 52% MFI 64.05 Access buy 78% sell 22% MFI 65.80 Afrprud buy 83% sell 17% volume index 1.35 MFI 54.90 Aiico buy 0% volume index 0.99 MFI 51.18 Beta buy 💯 volume index 9.74 MFI 57.53 Dangflour buy 💯 volume index 5.46 MFI 28.80 Dangsugar buy 0% volume index 2.90 MFI 87.28 Diamond buy 50% sell 50% MFI 66.19 Fbnh buy 50% sell 50% MFI 73.62 Fcmb buy 45% sell 55% volume index 1.47 MFI 94.09 Fidelity buy 33% sell 67% volume index 1.93 MFI 73.05 GT buy 56% sell 33.59 MFI 33.59 Hony flour buy 💯 volume index 0.99 MFI 69.24 Lasaco buy 💯 volume index 1.02 MFI 26.26 Nestle buy 0% volume index 0.78 MFI 50.57 Oando buy 💯 volume index 1.23 MFI 59.03 Regalins buy 0% MFI 66.83 Royalex buy 💯 volume index 4.01 MFI 69.13 Sovereins buy 0% volume index 0.70 MFI 72.55 Sterling buy 70% sell 30% volume index 1.61 MFI 35.49 Transcorp buy 29% sell 71% volume index 1.57 MFI 57.06 Uacp buy 0% volume index 8.97 MFI 73.92 Uacn buy 0% MFI 88.85 Uba buy 0% volume inde...

Slowdown Ahead On NGSE, As Heightening Political Tension May Fuel Profit Taking

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Market Update for the week ended January 25 and Outlook for January 28- February 2 Nigeria’s stock market last week closed higher in its second week of bull-run on the back of positive sentiments for banking and blue chip stocks ahead of the 2018 earnings season,. It broke out its recent resistance level as well as the 31,000 psychological line on a high traded volume despite the heightening political tension in the country, just days before the Presidential elections hold on February 16, whose outcome will determine direction of the market. Bargain hunting during the period was driven by the undervalued states of many equities, supported by inflow of funds as institutional investors reposition their portfolios ahead of earnings season. This reflects high demand for stocks with dividend yield likely to look up in expectation of corporate earnings which kicks off early February. The relative improvement in macroeconomic indices at the end of Q4 2018 is likely to ref...

Investdata Weekly Sentiment Report as at January 28th, 2019

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NSEASI buy 💯 volume index 1.42 MFI 35.52 Access buy 90% sell 10% volume index 3.21 MFI 44.45 Afrprud buy 💯 MFI 53.71 Aiico buy 💯 MFI 12.50 Caverton buy 💯 volume index 2.61 MFI 60.56 CCNN buy 0% volume index 1.37 MFI 23.98 Custodian buy 54% sell 46% MFI 14.50 Dangcem buy 💯 MFI 54.22 Dangflour buy 40% sell 60% volume index 0.79 MFI 50.45 Dangsugar buy 0% volume index 1.31 MFI 51.34 Diamond buy 💯 volume index 4.11 MFI 74.24 Eterna buy 💯 MFI 63.73 ETI buy 💯 volume index 1.66 MFI 41.43 Fbnh buy 77% sell 23% volume index 1.83 MFI 57.54 Fcmb buy 💯 Volume index 1.33 MFI 63.44 Fidelity buy 98% sell 2% volume index  2.01 MFI 59.49 Fidson buy 44% sell 56% MFI 4.28 Alum buy 💯 MFI 48.12 Fmn buy 9% sell 91% volume index 0.90 MFI 65.27 FO buy 63% sell 37% MFI 62.26 Glaxo buy 💯 volume index 2.90 MFI 22.16 GT buy 98% sell 2% volume index 2.22 MFI 48.16 Honyflour buy 82% sell 18% MFI 44.08 Jaiz buy 80% sell 20% volume index 1.26 MFI 57...

Market Update for January 24th, 2019

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NGSE Index Set For Breakout Or Pullback Ahead of Presidential Polls, Earnings Season It was another interesting and volatile session on the Nigerian Stock Exchange on Thursday as the composite index closed higher to extend the positive momentum for three consecutive trading days on a high buying pressure despite the relative low traded volume.   As crude oil price at the end of the day jumped up in the international market as news that US might sanction Veneezuela as a result of geopolitical issues currently facing the country is expected to further impact our reserve and support the Fx market. NSE All Share index opened the day trading on a gap up in the morning session, which stayed till midday but pulled back slightly in the early afternoon as profit taking in some of the banking and building materials stocks that had rallied, before retracing up in the last few minutes to finished the day higher at 30,989.60point after touching intraday low of 30,866.96.  Some st...

Why Some Missed Out in Technical Analysis Goodies

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Like I said before in my previous article, many failed to train on technical analysis tools due to some arguments that as far as I am concern, are baseless. I have gathered eight (8) of such myths, and in simple terms will debunk them one by one. With a learning mind, kindly follow me into today’s discussion. Some of the myths are; 1. Technical analysis is only for short-term trading or day trading. It is a common myth that technical analysis is only appropriate for short-term and computer-driven trading like day trading and high-frequency trades. Please understand that technical analysis existed and was practiced before computers were common, and some of the pioneers in technical analysis were long-term investors and traders, not day traders. Technical analysis is used by traders on all time frames, from 1-minute charts to weekly, monthly, annually and quarterly charts. 2. Only individual traders use technical analysis. While individuals do use technical analysis,...

Investdata Daily Sentiment Report as at 25th January, 2019

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NSEASI buy 💯 volume index 0.76 MFI 50.94 Access buy 67% sell 33% MFI 61.58 Caverton buy 💯 volume index 5.76 MFI 83.00 Dangcem buy 💯 MFI 84.61 Dangflour buy 0% volume index 1.24 MFI 38.58 Dangsugar buy 0% volume index 8.83 MFI 73.09 Diamond buy 40% sell 60% MFI 63.14 Eti buy 💯 volume index 1.19 MFI 57.38 Fbnh buy 💯 volume index 1.70 MFI 57.16 Fcmb buy 80% sell 20% volume index 1.59 MFI 80.26 Fidelity buy 29% sell 71% volume index 1.71 MFI 74.97 Fmn buy 0% volume index 1.23 MFI 67.07 GT buy 67% sell 33% MFI 31.47 Honyflour buy 💯 MFI 66.51 Learn buy 💯 volume index 3.27 MFI 46.52 Linkass buy 0% volume index 4.81 MFI 66.13 Lvstk buy 0% volume index 1.93 MFI 56.45 Mansard buy 💯 MFI 55.92 Mben buy 0% volume index 4.77 MFI 29.18 Nem buy 💯 MFI 69.82 Oando buy 17% sell 83% volume index 1.71 MFI 44.99 Regalins buy 0% MFI 36.22 Royalex buy 💯 MFI 95.90 Seplat buy 💯 volume index 8.89 MFI 40.56 Sovereins buy 0% MFI 69.62 Sterling buy 💯 MFI 38.24 Transcorp buy ...

Investors Pitch Tent With Banking Stocks On Higher Dividend Prospect

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Market Update for January 23 Midweek’s trading on the Nigerian Stock Exchange (NSE) was an ‘up’ day to extend the previous session’s positive momentum on improved traded volume and improved demand for stocks, especially banking, as players digest the decisions reached at the first meeting of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) which ended on Tuesday. A highlight of the meeting was that members noted the steady decline in the non-performing loan (NPL) portfolios of banks and the fact that this can only get better especially when the Federal Government begins to meet its obligations to contractors, many of which obtained facilities to execute one job or the other. The decline in NPLs of the banks, according to Godwin Emefiele, MPC chairman and CBN Governor, is expected to impact 2018 financials of banks, a situation that may be responsible for the renewed interest in banking stocks, given that the bad loans previously written off as bad and doubtful wi...

Investdata Daily Sentiment Report as at 23rd, January, 2019

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NSEASI buy 77% sell 23% volume index 0.72 MFI 35.57 Access buy 33% sell 67% volume index 1.56 MFI 20.48 Aglev buy 💯 volume index 2.67 MFI 100.00 Caverton buy 💯 volume index 2.94 MFI 69.37 CCNN buy 0% volume index 3.00 MFI 60.44 Custodian buy 💯 MFI 97.59 Dangcem buy 💯 MFI 83.63 Diamond buy 33% sell 67% volume index 1.38 MFI 54.58 Fbnh buy 67% sell 33% volume index 1.00 MFI 47.80 Fcmb buy 60% sell 40% MFI 44.69 Fidelity buy 💯 volume index 1.26 MFI 56.65 Glaxo buy 💯 volume index 3.15 MFI 18.44 GT buy 28% sell 72% volume index 1.30 MFI 26.42 Learn buy 0% volume index 1.29 MFI 21.06 Linkass buy 💯 volume index 9.75 MFI 75.00 Nem buy 0% MFI 74.33 Oando buy 50% sell 50% MFI 40.06 Seplat buy 💯 volume index 8.89 MFI 89.14 Sterling buy 75% sell 25% MFI 53.84 Transcorp buy 💯 MFI 39.65 Uacn buy 💯 volume index 2.16 MFI 70.65 Uba buy 0% volume index 1.70 MFI 47.30 Wapco buy 💯 MFI 54.56 Wema buy 💯 MFI 33.14 Zenith buy 60% sell 40% MFI 48.49

Investdata Daily Sentiment Report As at 24th January, 2019

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NSEASI buy 99% sell 1% volume index 1.08 MFI 43.26 Access buy 33% sell 67% volume index 6.95 MFI 56.00 Aglev buy 💯 volume index 2.67 MFI 100.00 Aiico buy 50% sell 50% MFI 65.04 Dangcem buy 💯 MFI 83.99 Dangflour buy 0% volume index 0.87 MFI 38.76 Diamond buy 💯 MFI 57.84 Fbnh buy 67% sell 33% MFI 49.99 Fcmb buy 60% sell 40% volume index 2.70 MFI 67.92 Fidelity buy 💯 volume index 2.41 MFI 67.73 FO buy 💯 MFI 40.48 GT buy 💯 MFI 28.93 Honyflour buy 0% volume index 0.96 MFI 66.04 Jaiz buy 💯 volume index 1.07 MFI 39.37 Learn buy 0% volume index 1.09 MFI 17.95 Linkass buy 33% sell 67% volume index 7.19 MFI 84.55 Mben buy 0% volume index 2.52 MFI 40.02 Nem buy 0% MFI 71.55 Sovereins buy 0% volume index 0.70 MFI 75.44 Sterling buy 💯 MFI 53.83 Transcorp buy 75% sell 25% volume index 1.04 MFI 48.33 Uba buy 50% sell 50% volume index 4.20 MFI 35.34 Uniondac buy 💯 MFI 55.22 Wapco buy 50% sell 50% volume index 0.84 MFI 50.43 Zenith buy 💯 volume index 1.10 MFI 54.48 ...

Expect Pullback Amidst Sustained Volatility, As Investors Position For 2019 Dividend Season

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Market Update for January 21 The nation’s equity market started with Monday closing as a profit taking session on a increased selling pressure and huge traded volume that signaled short-term selloffs by bargain hunters after seven consecutive days of uptrend that formed a bullish ‘V‘ pattern to reflect the mixed sentiment and performance so far. Trading started out with a nasty drop right at the opening on a sharply lower index, as highly capitalized stocks suffered losses to pull back till afternoon before retracing up marginally after touching intraday lows of 30,720.76 basis points, from a high of 31,041.06bps. However, the session finished lower to halt 5-wave extension, although technicals confirmed the decline. All eyes are on the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) meeting’s outcome on Tuesday, the possibility of members voting to retain the monetary framework is high. This is considering the mixed outlook of the global economy, depending on set...

Investdata Daily Sentiment Report as at January 22nd, 2019

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NSEASI buy 4% sell 96% volume index 1.46 MFI 35.83 Access buy 33% sell 67% MFI 18.39 Aglev buy 💯 volume in2.67 MFI 100.00 CCNN buy 0% volume index 2.78 MFI 81.38 Custodian buy 0% MFI 97.59 Dangcem buy 0% MFI 89.33 Dangflour buy 💯 MFI 37.07 Diamond buy 33% sell 67% volume index 4.63 MFI 57.10 Fbnh buy 💯 volume index 0.82 MFI 46.74 Fcmb buy 💯 MFI 39.14 Fidelity buy 💯 volume index 0.97 MFI 48.91 GT buy 0% volume index 5.98 MFI 22.27 Jaiz buy 💯 volume index 1.10 MFI 37.81 Lvstk buy 0% volume index 3.62 MFI 81.33 Mben buy 0% volume index 5.60 MFI 27.42 Nem buy 0% MFI 76.55 Oando buy 0% MFI 35.20 Royalex buy 0% volume index 1.92 MFI 86.26 Seplat buy 0% volume index 1.08 MFI 14.20 Sovereins buy 0% volume index 1.51 MFI 75.77 Transcorp buy 0% MFI 38.59 Uba buy 💯 MFI 56.41 Ucap buy 0% volume index 1.39 MFI 55.02 Wapco buy 73% sell 27% MFI 50.59 Wapic buy 💯 MFI 18.30 Wema buy 💯 MFI 28.62 Zenith buy 11% sell 89% volume index 0.95 MFI 43.79

Huge NGSE Recovery Cuts YTD Loss To 1.34%, As MPC Opens First Meeting Of 2019

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Market Update for the week ended January 18 and Outlook for January 21-25 The second full trading week of the year ended on the Nigerian Stock Exchange (NSE) on Friday, with the benchmark All-Share index closing higher, besides having a positive momentum to halt two previous weeks of bear-run. This was helped by renewed buying interest big cap stocks, ahead of the earnings season and regardless of political uncertainties ahead of the country’s February 16 Presidential election. This is the first of its kind in 18 months, driven by aggressive bargain hunting for major blue-chips stocks led by Dangote Cement and Nestle, as Institutional investors with long term view of the market latch on their low valuations and high Dividend Yields to position for 2019 dividend declaration. The macroeconomic data released so far this year have been positive and mixed. For instance, the Purchasing Managers’ Index (PMI) for the month of December stood at 61.1 point, revealing faster expansion in...

Investdata Weekly Sentiment Report as at January 21st, 2019

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NSEASI buy 💯 volume index 1.00 MFI 34.36 Access buy 22% sell 78% Volume Index 1.01 MFI 32.50 Afrprud buy 💯 MFI 52.80 Aglev buy 💯 volume index 1.04 MFI 31.70 Aiico buy 33% sell 67% MFI 9.86 Air service buy 0% volume index 1.09 MFI 80.62 Berger buy 0% volume index 1.08 MFI 81.21 Betaglass buy 0% MFI 10.23 Caverton buy 0% MFI 47.58 CCNN buy 💯 MFI 16.33 CIleasing buy 💯 MFI 63.56 Custodian buy 💯 MFI 13.49 Dangcem buy 💯 MFI 56.56 Dangflour buy 💯 MFI 49.64 Dangsugar buy 91% sell 9% MFI 46.55 Diamond buy 73% sell 27% volume index 4.74 MFI 66.34 Eterna buy 90% sell 10% volume index 0.77 MFI 63.05 ETI buy 83% sell 17% volume index 2.79 MFI 30.20 Fbnh buy 0% volume index 0.91 MFI 51.03 Fcmb buy 20% sell 80% MFI 59.05 Fidelity buy 36% sell 64% volume index 1.15 MFI 46.15 Fmn buy 30% sell 70% MFI 58.82 FO buy 80% sell 20% MFI 64.95 Glaxo buy 50% sell 50% volume index 0.95 MFI 24.50 GT buy 0% volume index 1.86 MFI 45.37 Honyflour buy 60% sell 40% MFI 32.26 Lasa...

Performance Of NGSE All-Share Index In 20 Years Of Nigeria’s Democracy

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The year 2019 is a very critical year for the Nigerian economy, for it marks 20 uninterrupted years of democracy governance. Besides that, it is another year of general elections that will usher in a new crop of leadership, just some already in office would likely obtain fresh mandates to continue in office and participate in the direction of the country over the next four years. For the Nigerian Stock Exchange (NSE) and indeed the economic front, it has been a long sustained tale of oscillating trends for most of the two decades as reflected in the economic policy articulation of the various political dispensations since 1999. It has also been a story of pre and post-election activities that shaped performance of the economy and the market, as investors and traders match promise against what the successive administrations were able to deliver in each electoral cycle. Research has shown that Nigeria’s economic growth and stock market performance remains a function of ...

PORT HARCOURT 2019

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Investdata will be in Port Harcourt, Rivers State where we would reveal investment opportunities available for smart investors on the Nigerian Stock Exchange this year. Venue: Emerald Hotel, 193, Aba Road Rumuola, Port Harcourt, Rivers State, Date: Saturday 26, January 2019, Time: 10.am . Registration Begins at 9.am prompt Admission is free! Comprehensive Home study packs of INVEST 2019 TRADERS & INVESTORS SUMMIT held on December 8, 2018, containing the 10 golden stocks for 2019 will however be on sale for N20,000 each. The FIRST 20 persons to register at the venue will get 20% discount. This seminar will cover the following: * Review of 2018 market performance * Outlook for 2019 and Post elections expectations. * Dividend & Bonus expectation in 2019. * Sector by Sector Analysis and projections. RE: INVEST 2019 The difference between you and others who are not aware of what I am sharing with you is ACTION. Take action that will transform your l...

Investdata Daily Sentiment Report as at January 18th, 2019

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NSEASI buy 95% sell 5% volume index 0.70 MFI 19.80 Access buy 50% sell 50% volume index 1.13 MFI 17.68 CCNN buy 💯 volume index 1.20 MFI 64.87 Dangcem buy 💯 volume index 0.90 MFI 83.94 Diamond buy 75% sell 25% volume index 1.42 MFI 80.25 Fbnh buy 50% sell 50% MFI 53.97 Fcmb buy 50% sell 50% MFI 46.27 Fidelity buy 0% volume index 1.02 MFI 68.48 GT buy 33% sell 67% volume index 3.02 MFI 39.16 Honyflour buy 0% volume index 0.79 MFI 41.15 Jaiz buy 💯 volume index 1.98 MFI 46.25 Nahco buy 25% sell 75% volume index 1.59 MFI 42.69 Nascon buy 0% volume index 1.79 MFI 43.39 Nem buy 💯 MFI 29.68 Oando buy 0% volume index 1.34 MFI 41.96 Royalex buy 💯 volume index 1.06 MFI 83.81 Transcorp buy 67% sell 33% MFI 48.88 Uacn buy 💯 MFI 55.54 Uba buy 💯 MFI 58.07 Ucap buy 💯 MFI 53.26 Uniondac buy 💯 MFI 0.74 Wapic buy 💯 volume index 1.36 MFI 28.28 Wema buy 💯 MFI 2.69 Zenith buy 55% sell 45% volume index 0.79 MFI 46.98