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Market Update For February 26, 2019 Nigeria’s stock market rally was halted on Tuesday, reversing previous day’s gain after the benchmark index closed lower on a relatively high traded volume that was above recent average market volume. This resulted from the fact that smart money having pushed the market up are taking profit. What happens in the coming days will show whether Tuesday’s slide by the NSE All-Share index is due to investors reactions to the official results of last Saturday’s presidential and National Assembly election announced so far by the Independent National Electoral Commission (INEC). We note forecasts of the likely emergence of the main opposition Peoples Democratic Party (PDP) at the polls, which has so far been proved wrong by the emerging numbers.This was revealed by the category of stocks that suffered losses at the end of the day’s trading session. The NSE index opened the day’s trading with a marginal upside movement in the morning, which

NSEASI buy 11% sell 89% volume index 0.89 MFI 87.00 Access buy 0% volume index 1.02 MFI 57.97 Afrprud buy 💯 volume index 8.92 MFI 81.88 Ccnn buy 💯 volume index 0.76 MFI 13.06 Dangcem buy 💯 MFI 64.05 Dangflour buy 90% sell 10% volume index 5.45 MFI 84.60 Dangsugar buy 0% volume index 1.21 MFI 61.14 Diamond buy 💯 MFI 78.32 Eti buy 💯 volume index 2.60 MFI 75.96 Fbnh buy 13% sell 87% volume index 0.75 MFI 64.60 Fcmb buy 13% sell 87% volume index 0.71 MFI 73.27 Fidelity buy 0% volume index 0.70 MFI 40.53 GT buy 38% sell 62% MFI 82.93 Honyflour buy 83% sell 17% volume index 1.08 MFI 80.64 Japaul buy 0% volume index 1.94 MFI 90.69 Mansard buy 0% MFI 99.99 Nem buy 0% MFI 56.97 Nestle buy 💯 MFI 46.86 Oando buy 💯 volume index 2.82 MFI 84.13 Sovereins buy 💯 volume index 3.66 MFI 73.96 Transcorp buy 12% sell 88% MFI 63.14 Uacp buy 0% volume index 1.74 MFI 98.45 Uacn buy 0% MFI 65.33 Uba buy 0% MFI 81.61 Ucap buy 💯 volume index 0.97 MFI 38.83 Veritas buy 💯 MFI

Market Update for February 25 Monday’s trading on the Nigerian Stock Exchange (NSE) was very volatile, but closed positive to start the week, thereby wiping away two previous days of losses, and in the process defying the tension of last Saturday’s rescheduled Presidential and National Assembly elections’ outcome as collation of results continued by the Independent National Electoral Commission (INEC) continued. In the history of Nigeria democracy and stock market performance, market reaction to incumbent re-elected had been marginal rally but in 1999 and 2015 when the military handover power civilian government and incumbent president were defeated, market recorded unprecedented rally due to high expectation of transforming economic policies and reforms knowing that every investment is against expectation. In case Progressives Congress (APC) emerges winner, as results announced so far are pointing to, market may not react much to it but will be supported by the ongoing earni

NSEASI buy 93% sell 6% MFI 92.44 Access buy 50% sell 50% MFI 53.54 Dangcem buy 💯 MFI 63.78 Dangflour buy 💯 volume index 1.91 MFI 78.27 Dangsugar buy 💯 volume index 1.22 MFI 59.18 Diamond buy 50% sell 50% MFI 77.64 Eti buy 0% MFI 56.05 Fbnh buy 💯 MFI 68.57 Fcmb buy 💯 volume index 1.04 MFI 76.42 Fidelity buy 0% MFI 44.00 Fidson buy 💯 volume index 5.15 MFI 66.67 GT buy 0% MFI 87.25 Honyflour buy 💯 MFI 62.59 Japaul buy 💯 volume index 2.36 MFI 88.77 Nem buy 💯 volume index 0.95 MFI 53.86 Oando buy 💯 MFI 80.20 Sovereins buy 💯 volume index 1.77 MFI 65.62 Total buy 0% volume index 2.96 MFI 65.05 Transcorp buy 33% sell 67% MFI 65.73 Uba buy 75% sell 25% MFI 83.02 Wapco buy 💯 MFI 48.87 Wema buy 75% sell 25% MFI 83.08 Zenith buy 64% sell 36% MFI 72.86 https://investdataltd.blogspot.com/2019/02/investdata-daily-sentiment-report-as-at_27.html

NSEASI buy 93% sell 6% MFI 92.44 Access buy 50% sell 50% MFI 53.54 Dangcem buy 💯 MFI 63.78 Dangflour buy 💯 volume index 1.91 MFI 78.27 Dangsugar buy 💯 volume index 1.22 MFI 59.18 Diamond buy 50% sell 50% MFI 77.64 Eti buy 0% MFI 56.05 Fbnh buy 💯 MFI 68.57 Fcmb buy 💯 volume index 1.04 MFI 76.42 Fidelity buy 0% MFI 44.00 Fidson buy 💯 volume index 5.15 MFI 66.67 GT buy 0% MFI 87.25 Honyflour buy 💯 MFI 62.59 Japaul buy 💯 volume index 2.36 MFI 88.77 Nem buy 💯 volume index 0.95 MFI 53.86 Oando buy 💯 MFI 80.20 Sovereins buy 💯 volume index 1.77 MFI 65.62 Total buy 0% volume index 2.96 MFI 65.05 Transcorp buy 33% sell 67% MFI 65.73 Uba buy 75% sell 25% MFI 83.02 Wapco buy 💯 MFI 48.87 Wema buy 75% sell 25% MFI 83.08 Zenith buy 64% sell 36% MFI 72.86

Expert woos Nigerians to stock investments, active trading Nigerians have been urged to cultivate and sustain the culture of investing in the stock market, as a reliable means of making money and safeguarding their investments. The Chief Research Officer of Investdata Consulting, Ambrose Omodion, in an interview with The Guardian, bemoaned the shallow knowledge of market operations by investors in the market, urging the Securities and Exchange Commission to intensify efforts on investors education, even as they continue to introduce other initiatives that would enhance sustainable market rebound. According to him, there is need for the regulators to educate investors actively on the operations of the market and intensify efforts in their sensitization program aimed at attracting new investors into the stock market.   He said that stock market investments, as an activity that creates wealth and leads to acquisition of assets, should attract the attention of many more Nigerians

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NSEASI buy 76% sell 24% volume index 1.11 MFI 46.32 Access buy 50% sell 50% volume index 1.30 MFI 57.61 Afrprud buy 💯 volume index 1.05 MFI 62.90 Aglev buy 💯 volume index 3.72 MFI 47.47 Aiico buy 0% MFI 26.28 Cadbury buy 0% MFI 61.82 Caverton buy 67% sell 33% volume index 1.63 MFI 75.23 Ccnn buy 💯 volume index 1.35 MFI 21.36 Custodian buy 18% sell 82% volume index 2.39 MFI 40.16 Cutix buy 0% volume index 4.37 MFI 47.88 Dangcem buy 85% sell 15% volume index 1.25 MFI 43.53 Dangflour buy 97% volume index 3.02 MFI 81.62 Dangsugar buy 71% sell 29% volume index 1.38 MFI 67.66 Diamond buy 💯 volume index 0.70 MFI 87.66 Eterna buy 💯 MFI 71.01 Eti buy 40% sell 60% MFI 54.89 Fbnh buy 52% sell 48% volume index 1.18 MFI 62.95 Fcmb buy 0% MFI 79.01 Fidelity buy 32% sell 68% volume index 1.02 MFI 75.02 Fidson buy 💯 MFI 5.51 Fmn buy 0% MFI 75.39 GT buy 89% sell 11% volume index 1.14 MFI 59.01 Honyflour buy 💯 volume index 0.79 MFI 62.52 Jaiz buy 💯 volume index 1.97 MFI

https://investdata.com.ng/2019/02/investdata-price-earnings-tracking-for-week-ended-friday-february-22-2019/

Directors of United Capital Plc, on Thursday presented its audited financials for the year ended December 31, 2018, following which they proposed a 30 kobo dividend per share, despite flat revenue and profit, even as a lot of efforts were put into checking cost, the effect of which was muted by the increased income tax expense for the period. The dividend is payable to shareholders whose names appear on the register of members as at the close of business on March 13, 2019, while following which the register is closed between March 14 and 20, while payment is slated for April 2. This will however be subject to approval at the annual general meeting scheduled for Thursday, March 29, 2019 at 10am in Lagos. According to the result presented to the Nigerian Stock Exchange (NSE), gross earnings for the period rose to N9.25bn from N8.915bn in the corresponding period of 2018, with net operating income up from N7.01bn to N7.21bn. This followed the fall in investment income from N4.965bn

New data by the National Bureau of Statistics (NBS), on Wednesday showed that Nigerian banks reported N1.792tr non-performing loans at the end final quarter of 2018, up from previous quarter’s N2.245tr. As a ratio of gross loans of N15.353tr for the period, NPL ratio improved significantly to 11.67%, from 14.16% in the corresponding period of 2018Q3. NPL after specific provisions however stood at 13.22%, down from 16.84% The Q4 level was the lowest for the year, given that in Q2, NPL ratio stood at 12.45%, as against 13.83% in Q1; while NPL ratio after specific provisions stood at 14.27% from 15.75% in prior quarter. The improvement in NPL ratio at Q4 2018 was even more significant, after it improved from N2.189tr, or 14.81%; just s NPL after specific provisions improved from 16.72%. Despite the improvement, it is still a far cry from the 5% regulatory benchmark. Total lending for 2018Q4 improved by 2.92% Quarter-on-quarter to N15.134tr, with oil and gas lending continue t

NSEASI buy 98% sell 2% volume index 1.22 MFI 88.76 Access buy 0% volume index 0.92 MFI 58.26 Afrprud buy 52% sell 48% volume index 4.83 MFI 45.87 Aiico buy 0% volume index 0.83 MFI 54.82 Dangcem buy 💯 volume index 1.40 MFI 64.11 Dangflour buy 90% sell 10% volume index 2.40 MFI 69.79 Diamond buy 67% sell 33% MFI 74.83 Eterna buy 💯 MFI 72.69 Eti buy 0% MFI 53.09 Fbnh buy 13% sell 87% volume index 1.00 MFI 74.50 Fcmb buy 0% MFI 78.31 Fidelity buy 0% volume index 0.91 MFI 45.67 Fmn buy 💯 volume index 1.50 MFI 75.23 GT buy 71% sell 29% volume index 1.27 MFI 88.60 Honyflour buy 0% volume index 1.08 MFI 60.84 Jaiz buy 💯 volume index 1.47 MFI 71.56 Japaul buy 0% volume index 2.18 MFI 76.03 Lasaco buy 💯 volume index 2.94 MFI 57.23 Mobil buy 0% volume index 2.76 MFI 21.73 Nem buy 0% MFI 51.84 Nestle buy 67% sell 33% volume index 6.13 MFI 45.97 Nigerins buy 0% volume index 2.31 MFI 28.46 Oando buy 💯 volume index 2.53 MFI 72.77 Regalins buy 💯 volume index 2.28 MFI

Market Update for February 20 Volatility continued the Nigerian Stock Exchange (NSE) Wednesday while the market consolidated its previous day’s gain on renewed investor, especially with investors placing safe bets on expected dividend declaration, especially from blue chip companies and high cap stocks. The increasing buying momentum as revealed by high volume traded and high buying pressure as shown by our daily sentiment reports with buy position of 98%, was strong enough to reverse the bearish situation of the Transactional Corporation of Nigerian (Transcorp) following its low payout after an impressive 2018 full-year performance (READ), as well as Nigerian Breweries whose directors cut its dividend owing to weaker earnings. Their share prices however rebounded at the mid-week, just as the high dividend yield of Zenith Bank impacted it stock price, following which it closed higher. Also, the impressive numbers by Newrest ASL regardless of its low payout and planned voluntary

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United Bank for Africa (UBA) Plc has collaborated with Google, an ISP partner, to launch Google Station in 11 key UBA branches in Lagos State as part of plans to rollingtive would allow customers access to internet connectivity within the 11 branches and its environs, thereby facilitating their day-to-day businesses and activities, while ensuring unhindered connectivity. At the official launch which took place in UBA’s Head Office on Wednesday, UBA’s Executive Director/Group Chief Executive Officer, Mr. Chuks Nweke, expressed UBA’s excitement over the collaboration, adding that the move will go a long way to present opportunities far beyond the imagination of both organisations. He noted that the challenges of financial inclusion which the USSD platform has not been able to solve will be eased through the Google Station, as the financially excluded will now be able to access the internet and enjoy the services provided free of charge. Google Nigeria’s Country Director, Juliet

Zenith Bank Plc, on Tuesday presented its much awaited audited financials for the year ended December 31, 2018, indicating that although there was a drop in earnings income, profit after tax soared to N193.147bn, up from the previous year’s N173.472bn. This represented Earnings Per Share of N6.15, as against the previous N5.53, out of which the directors have proposed a dividend per share of N2.50, same as previous full-year, bringing total payout for the 2018 financial year to N2.80 per share, considering the 30 kobo interim dividend earlier paid. While qualification date is March 8, 2019, payment date is March 19. No date is fixed yet for the Annual General Meeting. https://investdata.com.ng/2019/02/breaking-zenith-bank-nets-n193bn-profit-offers-n2-50-dividend/

The share price of Nigerian Breweries Plc suffered N8.00 or 9.64%, closing at N75 each on Monday, after the directors presented its audited financials for the year ended December 31, 2018 showed that net profit fell by 41.18%, faster than the 4.26% inch in revenue for the period. Analysts at Cordros Capital and CSL Stockbrokers blamed the revenue decline on the impact of challenging competitive landscape and weakening “discretionary spend,” higher excise duty expense increased by 21.47% from N21.27bn in 2017 to N25.837bn; leaving a net revenue of N324.388bn, compared to the N344.527bn reported in the corresponding period of 2017. “For context, the launch of International Breweries’ Sagamu plant has increased the supply of value lager beer, which has continued to weigh on NB’s market share, specifically in the mainstream segment. Going into 2019, we expect the competitive environment to remain largely same, amidst weak consumer wallets. NB currently trades at a P/E of 34.2x, a pr

NSEASI buy 40% sell 60% MFI 78.31 Access buy 25% sell 75% volume index 0.82 MFI 54.73 Aglev buy 💯 volume index 8.58 MFI 75.93 Caverton buy 0% volume index 2.82 MFI 62.68 Dangcem buy 💯 MFI 61.85 Dangflour buy 💯 volume index 2.40 MFI 76.02 Dangsugar buy 0% volume index 0.94 MFI 50.29 Diamond buy 💯 MFI 72.91 Fbnh buy 58% sell 42% MFI 74.59 Fcmb buy 💯 volume index 0.78 MFI 78.03 Fidelity buy 52% sell 48% volume index 0.73 MFI 41.36 GT buy 0% MFI 85.74 Honyflour buy 0% volume index 1.35 MFI 57.46 Japaul buy 💯 volume index 0.70 MFI 53.85 Mobil buy 0% volume index 13.54 MFI 8.69 Nascon buy 0% volume index 2.57 MFI 46.39 Nem buy 0% MFI 45.59 Nestle buy 💯 volume index 4.61 MFI 59.60 Nigerins buy 0% volume index 3.31 MFI 5.54 Oando buy 31% sell 69% MFI 66.42 Presco buy 💯 volume index 2.48 MFI 100.00 Sterling buy 💯 volume index 0.93 MFI 60.23 Transcorp buy 0% MFI 76.04 Uba buy 36% sell 64% MFI 67.19 Ubn buy 💯 volume index 1.35 MFI 98.55 Unilever buy 56% sell

Market Update for February 18 It was a disappointing and difficult session, although foretold, on Nigerian Stock Exchange on Monday following apprehensions as rescheduling of the Presidential and National Assembly elections triggered the long awaited pullback and profit taking after the market had rallied for two weeks that reversed the January down market, which had defied the political tension. The Presidential and National Assembly elections were postponed just hours to their commencement across the country by the Independent National Electoral Commission (INEC) citing logistic reasons to the disappointment of many Nigerians. The situation also did not go down well with investors, especially as it seemingly confirmed long standing fears of uncertainties around the elections, just as it signaled the lack of preparedness by the umpire and the government. There have also been worries about the economic cost implication of the postponement, besides the huge budgetary allocations f

The board of Transnational Corporation of Nigeria Plc, on Friday presented its audited financials for the year ended December 31, 2018, showing that profit significantly outgrew revenue, amidst constrained costs, following which the directors recommended three kobo per share from Earnings Per Share of 23 kobo, for which we await market reactions when trading opens on Monday, February 18, 2019. Investors and traders will also react next week, generally, to the decision the Independent National Electoral Commission (INEC) to postpone the Presidential and National Assembly polls on election-day, after four years of planning, citing logistic challenges. It is expected that the management of Transcorp Plc will explain and seek to justify the decision to pay three kobo as final dividend, at a time its subsidiary company- Transcorp Hotels Plc is offering 20 kobo per share (READ HERE). Qualification date for the dividend is close of business on February 28, 2019, following which registe

The Lagos Chamber of Commerce and Industry (LCCI), on Friday noted the 2.4% growth in the economy in the final quarter of 2018, as well as the 1.9% notch recorded in the Gross Domestic Products (GDP) as released by the National Bureau of Statistics (NBS), compared to the 2.4% increase reported in 2018Q3 and 1.8% for the year. This performance, the chamber said in a review of the NBS report, is still fragile, weak, vulnerable and remains a cause for concerning, coming far below the 3% annual population growth, “with wider implications for poverty, inclusive and sustainable growth.” Worse still, the chamber continued, “the growth in the economy is also tagged a “jobless growth” as unemployment keep on rising. The latest report by poverty world clock also suggests that the number of extremely poor Nigerians has risen to 91.6m.” The 2018 GDP growth is the highest in three years, but is overwhelmed by the more significant levels of 8.35% and 9.54% attained in 2009 and 2010 respectiv

When shareholders of Transcorp Hotels Plc gather for their annual general meeting on March 15 in Abuja one of the proposals the directors will put before them is to consider and approve a total dividend of N1.14bn, up from the previous N947m. This translates to 15 kobo per share for the full year ended December 31, 2018, up from 12.45 kobo, out of the Earnings Per Share of 49 kobo and 35 kobo respectively for both years. Qualification date for the dividend is February 27, following which the register of shareholders will be closed between February 28 and March 1, payment is slated for March 19. The company’s numbers showed continued improvement in profit, which grew faster than revenue, especially from its flagship Abuja facility, despite significant drop in other operating income and finance income for the period. Revenue for the year rose by N3.581bn, or 25.87% from N13.643bn in the corresponding period of 2017 to N17.424bn, with the bulk being its rooms which fetched a cumu

In what may stand this week out as one of big data, the National Bureau of Statistics (NBS), on Friday published yet another economic report- the January Consumer Price Index, or inflation, ahead of Saturday’s all-important Presidential and National Assembly polls. The report showed headline inflation growth rate dropping Year-on-Year to 11.37%, from 11.44% in December 2018, even when core inflation climbed to 9.9% from 9.8%; while food inflation slowed down from 13.56% to 13.51%. Reacting to the report, analysts at Cordros Securities Ltd, told its clients: “the data came in line with our forecast of 11.37% y/y, but 13 bps below Bloomberg compiled average estimate of 11.50% y/y.” So far this week, the NBS has published the GDP data for 2018Q4 and full-year (READ), as well as the capital importation report (READ MORE). While the January inflation fell 0.07% lower than the rate in December 2018, on a month-on-month basis, headline index at 0.74% did not change from the level in

NSEASI buy 83% sell 17% volume index 2.13 MFI 46.76 Access buy 11% sell 89% volume index 3.35 MFI 59.60 Afrprud buy 💯 MFI 70.34 Aglev buy 💯 MFI 34.72 Aiico buy 40% sell 60% volume index 1.26 MFI 26.83 Berger buy 💯 volume index 1.56 MFI 68.28 Cadbury buy 💯 volume index 0.88 MFI 59.86 Cap buy 7% sell 93% volume index 1.29 MFI 59.65 Caverton buy 90% sell 10% volume index 2.27 MFI 86.11 CCNN buy 0% volume index 0.94 MFI 22.35 Chiplc buy 💯 MFI 3.07 CIleasing buy 0% MFI 37.70 Cutix buy 💯 volume index 2.49 MFI 73.43 Dangcem buy 75% sell 25% volume index 2.92 MFI 48.62 Dangflour buy 💯 volume index 3.57 MFI 70.44 Dangsugar buy 💯 volume index 4.18 MFI 71.30 Diamond buy 31% sell 69% volume index 4.42 MFI 82.44 Eterna buy 23% sell 77% volume index 0.82 MFI 67.80 ETI buy 53% sell 47% volume index 4.67 MFI 57.35 Fbnh buy 39% sell 61% volume index 1.10 MFI 70.33 Fcmb buy 29% sell 71% volume index 1.89 MFI 80.02 Fidelity buy 27% sell 73% volume index 2.72 MFI 81.10 Fa

NSEASI buy 67% sell 33% volume index 1.26 MFI 69.14 Access buy 25% sell 75% volume index 1.39 MFI 65.31 Custodian buy 💯 MFI 12.96 Dangflour buy 47% sell 53% volume index 3.50 MFI 56.09 Diamond buy 43% sell 57% volume index 1.71 MFI 67.92 Eterna buy 0% volume index 1.43 MFI 72.33 Fbnh buy 67% sell 33% MFI 68.84 Fcmb buy 68% sell 32% volume index 2.31 MFI 74.45 Fidelity buy 33% sell 67% MFI 44.22 GT buy 50% sell 50% volume index 0.95 MFI 83.01 Honyflour buy 💯 volume index 0.74 MFI 56.48 Jaiz buy 💯 MFI 81.03 Lasaco buy 0% MFI 45.70 Learn buy 0% volume index 2.29 MFI 66.30 Nem buy 💯 volume index 1.23 MFI 64.75 Oando buy 0% volume index 1.33 MFI 62.79 Pz buy 💯 volume index 0.91 MFI 75.04 Regalins buy 💯 volume index 2.20 MFI 82.33 Sovereins buy 💯 MFI 55.11 Transcorp buy 62% sell 38% volume index 2.08 MFI 67.05 Uba buy 75% sell 25% volume index 0.76 MFI 60.34 Ucap buy 💯 MFI 59.65 Uniondac buy 0% MFI 75.84 Veritas buy 💯 volume index 17.35 MFI 11.77 Wema buy

Image credit: dreamstime Please Tell Me If I Got This Wrong? I could still remember the Copernican revolution which changed the conventional beliefs that the world was flat. During those period, the people of the world held the belief that the world was flat but only Copernican saw it as spherical. Although, it was later accepted but he had to proof it. Now, what kind of belief system do you have regarding the stock market? Is it the word of mouth of people? Is the 2007 market crash experience? Sincerely, whenever you are making decisions, you will make it based on what you know and believe. So, if what you believe will be at a disadvantage to you, so will it be. Similarly, whenever you ask a friend for an advice that you are going back into the stock market, Humm!!! They will tell you alot of negative stories about someone who invested and lost his money. Since 2007, why are you still dwelling in the past when the entire world has moved on. Don't also forget that the c

Market Update for February 13 Trading activities on the Nigerian Stock Exchange (NSE) at the midweek had a difficult and volatile session, halting the previous eight trading sessions of bull run on profit booking after the early hour rally failed on heightened political risk ahead of the all-defining Presidential and National Assembly elections of Saturday, February 16, 2019. It is not known whether the continued political tension arising from the arrest warrant of the suspended Chief Justice of Nigeria (CJN), Justice Walter Onnoghen, issued by the Chairman of the Code of Conduct Tribunal (CCT) on Wednesday, despite the ruling of the Court of Appeal, as well as the lingering insecurity in the northeast has anything to do with the slide in the NSE’s All Share index, on a day the two leading candidates- incumbent President Muhammadu Buhari of the All Progressives Congress (APC) and Atiku Abubakar of the Peoples Democratic Party (APC) and former Vice President of the Country, signed