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                                        Photo credit: entrepreneurfail According to research, very few people are successful at anything at first. I included. The reason only a tiny percentage of the population achieves any significant success or wealth through stock is that few are willing to go through the process of what it takes to achieve in the stock market, and there is no shortcut. In fact, everybody has to go through four levels of learning every single time, and often, in the process - fail, regroup and begin again. Most people blame others like government policies, currency fluctuation, political instability, the election for stopping their progress, but in truth, there's only one person who can put on the parking break and that person is YOU. Furthermore, many people drive around with the break on without knowing it, or once awareness arrives, don't know how to lif...

The Central Bank of Nigeria (CBN) on Tuesday, May 28, 2019, injected the sum of $205m into the Inter-bank Foreign Exchange Market, in its continued push to sustain liquidity in the sector. Figures obtained from the CBN indicated that authorized dealers in the wholesale segment of the market were offered the sum of $100 million, while the Small and Medium Enterprises (SMEs) segment received the sum of $55 million. The sum of $50m was allocated to customers requiring foreign exchange for Invisibles such as tuition fees, medical payments and Basic Travel Allowance (BTA), among others. Disclosing this in Abuja, the Director, Corporate Communications Department at the CBN, Mr. Isaac Okorafor, said that the Bank’s effort had helped to guarantee stability in all the exchange rate windows. He further noted that the dogged implementation of the country’s foreign exchange restriction to some 43 items had boosted activities in the industrial sector. He also noted that the move had equally ...

Shareholders of food, beverages and confectioneries giant- Nestle Nigeria, on Tuesday, reminded the board of the need to expedite action on a bonus issue that would enhance trading of its shares on the Nigerian Stock Exchange (NSE), leading to further price discovery. Speaking at the 50th annual general meeting of the company in Lagos, the shareholders recalled that they have been clamoring for the share split for the past eight years, adding that there is no better time for such than now when the company celebrates 40 years since it was first listed on the NSE. Nona Awoh, a shareholder, for example, argued that given the size of Nestle Nigeria’s paid-up capital, reserve, and revenue, among others, a bonus issue will not be out of place. Of the 792,656,352 million shares paid-up capital of Nestle Nigeria, according to its latest audited financials, 524,559,457 units, or 66.18% are held by the parent company- Nestle S.A. Switzerland, while 268,096,793 units, representing 33.82%,...

Trading activities on the Nigerian Stock Exchange, on Friday, May 24, closed lower for the first time since Thursday, May 16, 2019. That day’s loss was evidently not enough to result in a weekly loss for the bourse, as the composite NSE All-Share index closed positive for the second consecutive week on mixed sentiments and high traded volume. The week’s gain was once again driven by Dangote Cement and MTN Nigeria, the NSE two biggest stocks by market capitalization, as they appreciated in value, especially newly listed MTN Nigeria, which rallied for six straight trading sessions, before slowing down on profit booking. This was also due to investors revaluing the stock at the current market price. Across the market and sectors, premium index and industrial goods sector led with 14.09% and 6.12% gains respectively, following cross deals and high demand for MTNN, and the positioning by investors for the final dividend proposed by Dangote Cement. Last week also, the Central Bank o...

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NSEASI buy 66% sell 34% volume index 1.08 MFI 11.77 ABC buy 67% sell 33% volume index 4.56 MFI 76.66 Access buy 7% sell 93% volume index 0.91 MFI 51.88 Afrprud buy 29% sell 71% volume index 0.98 MFI 43.51 Aglev buy 💯 MFI41.76 Aiico buy 75% sell 25% MFI 57.64 Beta buy 💯 volume index 1.18 MFI 61.10 Cadbury buy 💯 MFI 71.81 Caverton buy 74% sell 26% MFI 86.01 Ccnn buy 💯 MFI 3.85 Chi buy 0% MFI 43.92 Conoil buy 💯 volume index 2.86 MFI 30.77 Custodian buy 10% sell 90% MFI 67.88 Cutix buy 29% sell 71% volume index 1.50 MFI 20.28 Dangcem buy 61% sell 39% volume index 4.34 MFI 53.33 Dangflour buy 58% sell 42% MFI 62.82 Dangsugar buy 0% volume index 4.01 MFI 25.79 Eterna buy 💯 MFI 9.25 Eti buy 95% sell 5% MFI 11.05 Fbnh buy 💯 volume index 0.95 MFI 36.98 Fcmb buy 29% sell 71% MFI 9.67 Fidelity buy 💯 volume index 0.74 MFI 15.24 Fidson buy 💯 MFI 80.65 Fmn buy 0% volume index 2.10 MFI 0.00 FO buy 💯 volume index 0.90 MFI 57.04 Glaxo buy 0% MFI 19.72 GT buy 47% ...

Market Update for May 23 As anticipated, the engineered gaining momentum on the Nigerian Stock Exchange (NSE) slowdown on Thursday, as profit-taking and reality set in to correct the recent market sentiments led by the newly listed MTN Nigeria a week ago and Dangote Cement. The seeming return of sanity may reveal the genuine state of the market and its direction, going forward. Since the stock market is a leading indicator that gives insight into the economic situation or state, one would expect that sentiment towards the two would be similar. As we have seen over time, that is far from always being the case. At the moment, both of these indicators are showing entirely different outlooks with Nigeria’s Q1 GDP looking down at its growth rate of 2.01%, when compared to the preceding quarter’s 2.38%, at a time the composite NSE All-Share Index is soaring higher in the midst of weak market fundamentals that have ignored the prevailing low valuation in the market. See the chart bel...

I have been posting a lot about The ABC Technical Analysis for Novices and Advanced TRADERS workshop Training Videos but I have not heard anything from you. Sincerely, I know the reason why you have not taken any action yet although it may not be in detail, however, it is the foundation of all excuses and reasons for not taking action. It is simply Fear (Over caution) whether you admit it or not; I know what I am saying. Let's drill down further. Your fear includes: 1. Fear of Knowledge acquisition: you are afraid to acquire more knowledge because the ones you have acquired in the past became obsolete without taking any action or you never make use of them. 2. Fear of taking Risk: you are also afraid of taking the risk despite the fact that all risk has been taken away through my membership site. In addition, you must have lost money before in the stock market which I did too. However, I never gave up. I must confess that your fear is not your fault. It is just the ...

                        photocredit: idisciple Ambrose Here Again According to Newton's Law of Motion. ... Every object in a state of uniform motion will remain in that state of motion unless an external force acts on it.  Simply put, any result you are getting as at now is due to the fact that it is your current knowledge that got you to where it is today. So, if you want to get a different result, you will have to improve and gain more knowledge. Learn and apply. That is, you learn and take action because it is the action takers that the world will eventually celebrate. Just as farmer’s crops do not grow on its own unless a conscious effort by the farmer to plant and nurture its crops, Your investment doesn’t grow on its own. It requires you making an intentional effort. However, in this current reality, you need an effective strategy to get the best and effective plan for the future. Subscribe for the ...

In this Post-Election Market, Do You Have this Mindset? It is Ambrose Here... Football is football and talent is talent. But the mindset of your team makes all the difference... Robert Griffin Before I go on regarding the current type of mindset you should possess in other to survive in the stock market, what truly is mindset? According to B. F. Skinner Thoughts are behaviors we haven’t learned to observe yet. Hence, it can be said that Mindset is a way of thinking. In a word, a mental inclination or disposition, or a frame of mind because  Your mindset is your collection of thoughts and beliefs that shape your thought habits. However, I understand that you might be wondering what does the stock market have to do with mindset. It is everything because your worldview will determine the way you approach things in the market. Recently, I have been receiving a lot of calls on the Stock market and from most of the questions asked, it still boils down to the type of mi...

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Governor of the Central Bank of Nigeria (CBN), on Wednesday, assured that Nigerians will begin to feel the impact of apex banks’ development finance initiatives within the next two years under his watch. Emefiele, who was responding to questions when he was being screened, following his nomination by President Muhammadu Buhari for a second and final term in office term in office by the Senate Committee on Banking, Insurance and Other Financial Institutions, however, noted that more needed to be done to get Nigeria to the desired heights. Alluding to the pace of development in some Asian countries that were Nigeria’s peers at independence in 1960, Emefiele promised to implement policies for the betterment of the Nigerian people, who are at the heart of its vision of a people-centered Central Bank. Members of the committee lauded the apex bank and Emefiele for contributing immensely to the stability of the Nigerian economy, in spite of the recession the country witnessed in 2016....

Market Update for May 21 Nigeria’s equity market on Tuesday maintained its seeming recovery mode, as the gaining momentum increased, just as volume inched up, driven by the value gain recorded by the three most capitalized stocks on the bourse, even as it maintained a negative breadth. Trading opened on the Nigerian Stock Exchange (NSE) sharply up in the morning session, extending the three waves on demand for high cap stocks, which was sustained throughout the day. In the process, the benchmark NSE All-Share index touched an intraday high of 30,270.34 basis points, from 29,361.88bps on strong sentiments, breaking out another psychological line of 30,000-mark, closing the day higher at 30,218.14bps. The four days of the successive rally has been courtesy of last week’s listing of MTN Nigeria Communications Plc by way of introduction. The shares which were listed at N90 each has appreciated by 46.33% in the four trading sessions between last Thursday and Tuesday, May 21, 2019, t...

After months of gradual but steady decline, Nigeria’s Consumer Price Index climbed to 11.37% at the end of April, according to data released by the National Bureau of Statistics (NBS), Wednesday morning. Headline inflation figures for the period rose by 0.79% year-on-year and 0.94% month-on-month respectively, from 11.25% in March 2019, on the jump in food inflation from 13.45% in March to 13.70%, a situation that was mitigated by the drop in Core inflation to 9.3%, from 9.5% in the previous month. On a month-on-month basis, the headline index growth was the highest since September 2018, according to analysts at Cordros Capital Ltd in a note to clients on Wednesday morning. The average composite COI for the 12 months ending April 2019, over that of previous month, the NBS noted, stood at 11.31%, down from 11.4% in March; just as urban inflation rate notched by 11.7% YoY, from 11.54% in prior month; while rural inflation inched by 11.08% from 10.99%. On a MoM basis, urban infla...

As members of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) begin their second regular two-day meeting for the year on Monday, one key data that may take a central place in their deliberation is the 2019Q1 GDP rate released earlier in the day by the National Bureau of Statistics (NBS), showing that the nation’s economy grew at 2.01%, a slower pace than the 2.38% reported for 2018Q4. Nominal GDP, in the period, stood at N31.794tr, which was higher than the N28.438tr reported in the 2018Q1, representing a Year-on-Year growth rate of 11.8%; even as it was lower than the N35.23tr of 2018Q4 by 9.75%. The 2019Q1 nominal GDP growth rate, NBS added, was higher than the 2.54% recorded in 2018Q1. Real GDP during the period, was N16.42tr. Although, the slow growth was not expected, given the hints provided by supporting data like the CBN’s Purchasing Managers’ Index, inflation and the lull in the Nigerian capital market during the period under review. The GDP rate cam...

In view of insinuation that would not go away, regarding alleged manipulations that is now causing artificial scarcity of shares of MTN Nigeria Communications Plc, barely three sessions after its 20.35bn shares were listed by introduction on the premium board, the Nigerian Stock Exchange (NSE), late Monday night said the telecommunications giant has not broken any rule in its book. Continuing, it said stakeholder feedbacks have been received concerning the present rules on cross dealing and will consider the issues raised as part of “sustained efforts to ensure our market remains equitable for all stakeholders.” It defined a cross deal as one involving “clients of the same Dealing Member Firm on both sides of a trade,” and that significant issues have been raised that Dealing Members who have not been involved in the cross deals have been unable to trade on behalf of their clients.” The Exchange, while acknowledging the supply bottlenecks being experienced by anxious investors,...

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Market Update for May 20 Trading activities on the Nigerian Stock Exchange on Monday remained volatile and mixed, consolidating three consecutive days of gains as the trillion cap stocks appreciated in value to support the upside momentum. The NSE All-Share index opened on a bang in the morning, a situation that was sustained throughout the day, following which it closed higher, touching intraday high of 29,438.95 basis points, from 28,871.93bps on strong sentiments, breaking out the 29,000 psychological lines. Recall that this recovery move in the last couple of days was triggered by the listing of MTN Nigeria on the exchange, despite the prevailing low liquidity in the equities segment of the financial market. The National Bureau of Statistics (NBS), on Monday, published Nigeria’s 2019Q1 GDP data, with weak growth of 2.01%, which as observed by analysts represents a slower growth rate than the country’s population at 2.75% (READ MORE). The weak growth has already been reflec...

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Market Update for May 15 It was yet another bearish and volatile session on the Nigerian Stock Exchange at the midweek, as selling pressure persisted, extending the eighth consecutive day of negative outing, reflecting the effects of the lingering confidence crisis and dwindling liquidity in the market since the exit of smart money from the market. Also, the removal of four Nigeria stocks from the Morgan Stanley Capital International (MSCI) has triggered sell-offs in the affected stocks by foreign investors while rebalancing their portfolio. The sustained drop may also not be unconnected, to some extent, to the sell down by many market players preparatory to Thursday’s listing by way of introduction of the 20.35bn ordinary shares of MTN Nigeria at N90.00 each on the NSE. This is expected to boost market liquidity and reduce the heavy influence of Dangote Cement, which alone accounts for a third of the capitalization, on the general performance index of the Nigerian bourse. The...

Market Update for the week ended May 17 and Outlook for May 20-24 The nation’s equity market last week had a mixed performance, closing marginally on the upside while halting three consecutive weeks of decline and selling pressure. The turnaround was driven by the listing of the nation’s biggest telecommunication company- MTN Nigeria Communications Plc by way of introduction on the Nigerian Stock Exchange (NSE) on Thursday, May 16, 2019 (READ). It thereby impacted the benchmark NSE All-Share index positively and wiping away the accumulated losses in market capitalization, while in two days, reducing the year-to-date negative position of NSEASI to 8.14%. The market had tested its two-year low within the period, after also touching an intraweek low of 28,019.97 basis points, from a high of 28,918.54bps, reflecting the low confidence level among investors, amidst prevailing poor liquidity in the market. Ahead of his second term swearing-n ceremony on May 29, 2019, the NSE Index, how...