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Market Update for the week ended July 26 and Outlook for July 29-August 2 Nigeria’s equity market during the past week had a flat performance, just as the economy witnessed a lot of activities, ranging from the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) meeting which left all of its monetary instruments unchanged; and release of the ministerial list by President Muhammadu Buhari. Also last week, the Senate immediately commenced screening, even when portfolios were not assigned to the nominees, even as investors and commentators have expressed disappointment over the recycling of the same old politicians. Within the week also, over 30 companies released their quarterly earnings reports to investors, most of which came mixed and weak, except for a few that posted impressive numbers, thereby further reducing confidence and expectations among investors and citizens. The situation has not been helped by the process of screening the cabinet ministers, with the legis...

Caverton Offshore Support Group at the weekend presented its unaudited half-year ended June 30, 2019, to the Nigerian Stock Exchange (NSE), showing that profit before and after-tax rose at a faster pace than revenue, helped by jump in other operating income, in what may ensure shareholders get higher dividends at year-end, if the management and board sustain the current tempo. Revenue for the period rose by N2.681bn or 18.85% from the N14.222bn reported in the corresponding period of 2018 to N16.904bn, with helicopter and airplane contract remaining the group’s cash-cow, contributing N15.989bn, representing an otherwise unhealthy 94.59% of the total, compared with the previous N13.827bn or 97.22% of the previous total. Helicopter charter pooled N803.384m, up from N310.922m previously; followed by N54.181m from vessel agency services, up from N28.852m; the N51.64m earned from vessel time charter and boat income, as against the previous N49.85m; and the N5.469m earnings from helicop...

Hello Traders and Investors, Here is the Market update the week ended July 19, 2019 In this post, you will discover 1.Market Trend Movement from 2018 to date. .The need to Invest in retirement stocks 3.Concise Stocks to Invest in whether you are planning you retirement or not 4 Different Economic policies that will help boost the economy 5.The main factor responsibility for the Market Downtrend 6. Etc For further clarification call NOw 08028164085,08032055467 or send an email to ambroseconsultants@yahoo.com Dedicated to your Financial Success Ambrose Omordion https://youtu.be/Tg9-LI3q7D4

NSEASI buy 4% sell 96% volume index 0.86 MFI 25.39 Access buy 0% MFI 56.58 Aiico buy 0% MFI 41.30 Caverton buy 0% volume index 5.64 MFI 0.00 CIleasing buy 💯 volume index 0.92 MFI 19.67 Cutix buy 0% volume index 0.70 MFI 85.25 Dangflour buy 💯 volume index 1.09 MFI 92.16 Eti buy 💯 volume index 3.61 MFI 5.55 Fbnh buy 0% MFI 16.21 Fcmb buy 💯 volume index 13.82 MFI 81.52 Fidelity buy 💯 volume index 0.75 MFI 30.73 Fmn buy 💯 MFI 17.50 Fo buy 0% MFI 3.55 GT buy 67% sell 33% MFI 22.04 Japaul buy 💯 volume index 0.93 MFI 45.88 Mben buy 💯 volume index 1.13 MFI 94.21 Transcorp buy 0% volume index 1.12 MFI 39.33 Uacn buy 💯 MFI 24.84 Uba buy 20% sell 80% volume index 2.11 MFI 32.04 Ucap buy 💯 volume index 1.49 MFI 28.26 Wapco buy 83% sell 17% MFI 71.49 Zenith buy 20% sell 80% MFI 42.51

NSEASI buy 8% sell 92% MFI 25.79 Access buy 💯 MFI 59.66 Dangcem buy 71% sell 29% MFI 35.22 Dangsugar buy 0% volume index 2.04 MFI 27.22 Fbnh buy 0% MFI 14.48 Fcmb buy 💯 volume index 0.70 MFI 31.79 Fidelity buy 50% sell 50% MFI 28.28 Fo buy 💯 volume index 2.75 MFI 3.61 GT buy 44% sell 56% volume index 1.31 MFI 22.07 Japaul buy 💯 volume index 1.91 MFI 49.05 Nascon buy 💯 volume index 2.24 MFI 6.37 Nestle buy 0% volume index 0.95 MFI 33.58 Transcorp buy 💯 volume index 0.92 MFI 33.87 Uacn buy 0% MFI 26.09 Uba buy 33% sell 67% volume index 1.86 MFI 20.15 Ucap buy 0% volume index 2.13 MFI 24.85 Wapco buy 0% MFI 72.10 Zenith buy 0% MFI 44.11

Market Update for July 25 Thursday’s session on the Nigerian Stock Exchange (NSE) was a floppy and rough as its composite All-Share index consolidated back-to-back losses on a higher traded volume with earnings reporting season further dampening the market’s momentum. This was not unexpected mixed and weak scorecards emanating from listed companies thereby extending the bearish sentiments. The Q1 and Q2 numbers so far released from companies like University Press, 11 Plc, Ikeja Hotel, Flour Mills (READ), Chemical & Allied Products and Julius Berger (READ), were weak and below market expectation. Beyond every other thing, it reflects the gloomy state of the nation’s economy, despite the fact that oil prices at the international market are on the upswing, with September-dated crude futures up 1% at $56.40 per barrel. Two major factors are consistently working against the Nigerian market, giving the bears an upper hand since early 2018 when volatility started to trend down. Th...

NSEASI buy � MFI 20.31 Access buy 57% sell 43% MFI 64.47 Ccnn buy � volume index 1.44 MFI 41.74 Dangcem buy 83% sell 17% volume index 1.76 MFI 33.34 Dangsugar buy 0% MFI 50.11 Eti buy � MFI 27.24 Fbnh buy � MFI 12.53 Fcmb buy � volume index 0.90 MFI 35.93 Fidelity buy 0% MFI 21.82 GT buy 90% sell 10% MFI 24.31 Japaul buy 0% volume index 1.31 MFI 42.03 Nahco buy 89% sell 11% volume index 1.31 MFI 16.55 Nestle buy � MFI 25.44 Oando buy � MFI 56.92 Stanbic buy � volume index 1.28 MFI 10.62 Sterling buy � volume index 81.41 Transcorp buy � MFI 35.33 Uacn buy � MFI 30.61 Uba buy 33% sell 67% MFI 20.81 Ucap buy 33% sell 67% volume index 2.11 MFI 14.04 Wapco buy � volume index 1.17 MFI 84.37 Wapic buy 0% volume index 0.71 MFI 51.10 Zenith buy 20% sell 80% MFI 41.88

Market Update for July 22 The negative sentiment and selloff narrative on the Nigerian Stock Exchange (NSE) continued on Monday, the first trading session of the week, with the composite All-Share index closing lower to wipe clean previous day’s gain on an above-average traded volume. The failure of the government to assemble a cabinet five months after President Muhammadu Buhari was re-elected and almost two months after his inauguration for a second and final four-year term in office shows the seeming confusion of the country’s leadership. This has continued to dampen investor confidence, just as the proposed reintroduction of Value Added Tax (VAT) charges on all capital market transactions is bound to negatively impact cost and returns on investment. The VAT charge is billed to begin on Thursday, July 25, and could mean double taxation on investors who already pay VAT on their dividend which could further discourage investment and wealth creation through the trading of securi...

NSEASI buy 0% MFI 15.28 Access buy 33% sell 67% MFI 66.17 Afrprud buy 💯 volume index 0.95 MFI 23.49 Aiico buy 0% volume index 0.99 MFI 44.08 Chiplc buy 0% volume index 1.10 MFI 50.48 Dangcem buy 28% sell 72% volume index 2.16 MFI 24.25 Dangflour buy 💯 volume index 1.62 MFI 69.59 Fbnh buy 0% MFI 11.76 Fcmb buy 💯 volume index 0.87 MFI 38.97 Fidelity buy 0% volume index 1.03 MFI 19.00 Fmn buy 0% volume index 1.20 MFI 20.60 GT buy 0% MFI 24.58 Honyflour buy 0% volume index 0.80 MFI 30.83 Japaul buy 💯 volume index 6.49 MFI 40.48 Lasaco buy 0% volume index 0.95 MFI 87.12 Nahco buy 70% sell 30% volume index 3.44 MFI 0.00 Nascon buy 0% volume index 3.77 MFI 7.83 Nestle buy 💯 volume index 1.24 MFI 19.60 Oando buy 0% volume index 1.84 MFI 59.62 Prestige buy 0% MFI 83.19 Pz buy 💯 volume index 1.25 MFI 36.93 Sterling buy 💯 volume index 4.94 MFI 58.30 Transcorp buy 17% sell 83% volume index 3.18 MFI 30.40 Uacn buy 0% MFI 23.33 Uba buy 💯 volume index 2.16 MFI 18.74...

We refer to our Market Bulletin dated 31 December 2018, with Reference Number: NSE/RD/LRD/MB7/18/12/31 wherein we notified Dealing Members of the suspension of Continental Reinsurance Plc (the Company) as requested by the Issuer through its Stockbroker, Chapel Hill Denham Securities Limited for the purpose of determining the shareholders that will qualified to receive the scheme consideration following the resolutions passed by the shareholders of CRE at the Court-Ordered Meeting held on 20 December 2018 in favour of the proposal by CRE African Investments Limited (a major shareholder of the CRe) to acquire all the outstanding and issued shares of CRE for cash or shares.  The Securities and Exchange Commission has directed that the Company reconvene another Court-Ordered Meeting to consider the Scheme of Arrangement thereby invalidating the Court Ordered Meeting held on 20 December 2019. Hence, the condition upon which the suspension was earlier placed ceased to subsist. Conse...

Transnational Corporation of Nigeria Plc, one of the country’s fastest-growing conglomerates on the Nigerian Stock Exchange (NSE), recently released its earnings report for the 2019 half-year ended June 30, as it continues to raise its game in the area of corporate governance, remaining a consistent early filer on a yearly and quarterly basis. The numbers revealed declining top and bottom lines, thereby disappointing investors, especially considering its years of restructuring, capacity building and investment which has not reflected on the earnings reports under consideration. The group seemed to be silent on how far it has gone in its ongoing oil prospecting which it said last year would begin to impact its books positively from February this year, long before the news of its bid for Afam Energy plants. It may be necessary, going forward, for the management of Transcorp Plc to re-strategize and reposition its services and boost performance, while creating value for all its sta...

Market Update for the week ended July 19 and Outlook for July 22-26 Stocks closed lower on the Nigerian Stock Exchange (NSE) over the past week, despite Friday’s marginal gain as the benchmark All-Share index closed the period on a negative note after touching a new lower low of 27,803.57 basis points. It extended its third consecutive week of decline on a low volume amidst selling pressure across all market sectors. The absence of economic reforms policies and direction by the government has finally dragged the benchmark NSE index below the 28,000 mark as investors review the political risk associated with the failure by government to appoint a cabinet almost two full months after President Muhammadu Buhari took his oath of office for the second four-year term. The situation becomes even worse when the severe insecurity situation is factored into the equation, as well as weak government earnings, low liquidity, and low purchasing power, all of which are showing in the nation’s m...

Hello Investors, The, buy & sell signal for this week have been posted on the membership site for you. Pls click on the long link for this week download. Furthermore, you need to login on the membership site before you can have access to it. Kindly click on the below link now to login with your username and password  http://investdataonline.com/buy-sell-signal/ To Your Success Investdata Consulting. P.S. You need to act fast. You know time wait for now.

https://investdata.com.ng/2019/07/nestle-seplat-uba-okomu-pz-hit-new-52-week-low-on-ngse/

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NSEASI buy 15% sell 85% MFI 17.50 Access buy 69% sell 31% MFI 68.19 Afrprud buy 0% MFI 36.09 Aglev buy 67% sell 33% volume index 1.91 MFI 42.11 Aiico buy 14% sell 86% volume index 0.86 MFI 55.42 Berger buy 0% MFI 27.51 Cadbury buy 0% MFI 75.44 Cap buy 0% MFI 19.44 Ccnn buy 0% MFI 7.17 Chams buy 💯 MFI 64.27 Chiplc buy 60% sell 40% volume index 1.00 MFI 53.29 CIleasing buy 0% MFI 0.21 Conoil buy 60% sell 40% volume index 4.08 MFI 31.48 Custodian buy 50% sell 50% MFI 27.40 Cutix buy 0% MFI 30.25 Dangcem buy 17% sell 83% volume index 1.69 MFI 49.66 Dangflour buy 💯 MFI 65.94 Dangsugar buy 💯 MFI 20.10 Eterna buy 0% MFI 39.16 Eti buy 44% sell 56% MFI 16.37 Fbnh buy 55% sell 45% volume index 1.92 MFI 18.21 Fcmb buy 89% sell 11% MFI 55.84 Fidelity buy 20% sell 80% MFI 41.66 Fmn buy 18% sell 82% volume index 0.77 MFI 46.06 Fo buy 77% sell 23% volume index 0.84 MFI 61.39 GT buy 20% sell 80% volume index 1.26 MFI 62.09 Honyflour buy 💯 volume index 0.76 MFI 39.88 ...

Market Update for July 18 The free fall of equity prices on the Nigerian Stock Exchange (NSE) continued on Thursday with the benchmark All Share index breaking down its last strong support level of 28,019.97 basis points to touching new 26-month lower lows of 2016 October market position. The index has defied all the Fibonacci retracement levels on strong selloffs across all sectors to extend its seventh successive days of losing on less than average traded volume. The continued market decline is a clear indication that something is critically wrong with the Nigerian economy, especially looking at the mixed macroeconomic indices revealing weak economic fundamentals, in the form of low market liquidity, the absence of a policy direction. Also, it is clear that the market got to this sorry state, because the government failed to do the needful at the right time and rather has occupied itself with things that have very little socio-economic impact on Nigerians and the need to remove...

NSEASI buy 0% MFI 6.74 Access buy 0% volume index 0.72 MFI 53.54 Aiico buy 💯 volume index 2.76 MFI 49.03 Chams buy 💯 MFI 30.08 Chiplc buy 💯 volume index 1.01 MFI 56.19 Dangsugar buy 💯 volume index 0.77 MFI 48.66 Eti buy 💯 MFI 55.69 Fbnh buy 0% volume index 2.03 MFI 10.87 Fcmb buy 💯 volume index 0.70 MFI 31.61 Fidelity buy 💯 volume index 0.85 MFI 26.06 GT buy 💯 MFI 13.86 Lasaco buy 💯 volume index 1.10 MFI 92.64 Mben buy 0% volume index 1.29 MFI 75.38 Nem buy 0% volume index 2.46 MFI 14.47 Oando buy 💯 volume index 0.71 MFI 60.51 Sterling buy 💯 volume index 2.04 MFI 28.57 Transcorp buy 0% MFI 39.68 Uacn buy 75% sell 25% volume index 0.96 MFI 19.26 Ucap buy 💯 MFI 26.80 Wapco buy 💯 MFI 90.40 Zenith buy 0% MFI 29.02

NSEASI buy 0% MFI 15.34 Access buy 0% MFI 52.77 Chiplc buy 0% volume index 0.86 MFI 61.17 Dangcem buy 0% volume index 2.25 MFI 18.05 Dangsugar buy 0% volume index 0.89 MFI 43.52 Fbnh buy 💯 volume index 1.90 MFI 0.00 Fcmb buy 0% volume index 1.58 MFI 22.34 Fidelity buy 67% sell 33% volume index 1.42 MFI 25.84 Fmn buy 0% volume index 1.21 MFI 71.69 Fo buy 💯 MFI 15.09 GT buy 40% sell 60% volume index 2.75 MFI 39.09 Honyflour buy 20% sell 80% volume index 2.63 MFI 37.89 Lasaco buy 50% sell 50% volume index 4.10 MFI 96.29 Mansard buy 0% volume index 1.01 MFI 54.87 Mben buy 💯 volume index 6.57 MFI 73.11 Oando buy 0% volume index 1.00 MFI 69.83 Transcorp buy 💯 MFI 39.32 Uacn buy 67% sell 33% MFI 35.89 Uba buy 33% sell 67% volume index 0.85 MFI 11.66 Ubn buy 44%… [9:27 AM, 7/18/2019] Investdata 2: NSEASI buy 0% MFI 15.34 Access buy 0% MFI 52.77 Chiplc buy 0% volume index 0.86 MFI 61.17 Dangcem buy 0% volume index 2.25 MFI 18.05 Dangsugar buy 0% volume index 0.89 ...

Market Update for July 17 Stock prices nosedived further on the Nigerian Stock Exchange (NSE) at the midweek with the All Share Index extending its losing streak for the sixth consecutive session to close lower amidst the prolonged confidence crisis that has been deepened by political risk, as well as weak and mixed economic fundamentals. These have triggered continued volatility and selloffs on the exchange, given that the stock market cannot be divorced from the systemic problems in the nation’s politico-economic sphere. Despite the seeming slowdown in the inflation rate in the month of June at 11.22% and the earnings reporting season entering its peak period with just a few companies releasing their scorecards so far, investors and traders are worried over the possible signals of weak and disappointing earnings by listed companies. If not, the argument goes, the announcement of their half-year numbers would not take this long. The composite index opened for Wednesday’s tradi...

The Central Bank of Nigeria (CBN), on Tuesday said it injected another $210m into the interbank segment of the Foreign Exchange Market. According to figures obtained from the CBN, authorized dealers in the wholesale segment of the market were again offered $100m, while the Small and Medium Enterprises (SMEs) window received $55m, just as customers requiring foreign exchange for invisibles like tuition fees, medical payments and Basic Travel Allowance (BTA), among others. The Director, Corporate Communications Department at the CBN, Isaac Okorafor, who confirmed the sales, reaffirmed the bank’s commitment to sustaining the level of stability in the foreign exchange market. Recall that at the last intervention on Friday, July 12, 2019, the CBN injected all of $298.7m and CNY39.6m into the Retail Secondary Market Intervention Sales (SMIS) segment. Meanwhile, the rate of exchange between the Naira and the US$ in the BDC segment of the market on Tuesday, July 16, 2019, was N360/$1. ...

New data by the Central Bank of Nigeria (CBN), on Tuesday, showed that the value of currency outside of bank vaults in the country fell to its lowest in the seven months since November 2018 in the month of June 2019. Curiously, data on the CBN’s website showed that unlike in other months when the figures are given as of month-end, currency in circulation stood at N2.104tr, on June 28, 2019, representing N97.775bn or 4.63% decline from the N2.111tr recorded on May 31. The June figure, representing the second month-on-month decline, represented a year-on-year drop of N113.402bn or 5.96% from the N1.9tr recorded on June 28, 2018. The latest figure also represents N227.24bn drop from the year’s N2.241tr peak achieve in February, the peak of Nigeria’s Presidential election season. The drop may not, however, be unconnected with the non-implementation of the country’s Federal budget which is being delayed by the absence of a cabinet almost eight months into the year and five months a...

NSEASI buy 15% sell 85% MFI 14.98 Access buy 50% sell 50% MFI 65.51 Aiico buy 0% volume index 1.90 MFI 35.73 Ccnn buy 0% volume index 2.41 MFI 79.29 Chiplc buy 40% sell 60 volume index 1.70 MFI 60.73 Conoil buy 0% volume index 2.76 MFI 47.00 Dangcem buy 5% sell 95% volume index 1.62 MFI 14.49 Fbnh buy 0% volume index 3.15 MFI 0.00 Fcmb buy 💯 MFI 39.84 Fidelity buy 💯 volume index 0.95 MFI 39.24 GT buy 💯 MFI 57.65 Japaul buy 0% volume index 1.11 MFI 49.95 Oando buy 💯 MFI 50.34 Pz buy 💯 volume index 2.03 MFI 49.81 Stanbic buy 0% volume index 7.15 MFI 8.03 Sterling buy 💯 MFI 11.57 Transcorp buy 0% volume index 1.42 MFI 30.08 Uacn buy 0% MFI 44.30 Uba buy 50% sell 50% volume index 1.42 MFI 19.22 Ucap buy 💯 MFI 32.15 Wapco buy 0% MFI 83.33 Zenith buy 83% sell 17% MFI 28.03

Market Update for July 16 Tuesday’s was yet another selloff session on the Nigerian Stock Exchange (NSE) as the benchmark All-Share Index extended its bearish run for the fifth consecutive day on negative sentiment and high selling pressure in blue-chip stocks, as the political risk arising from the lack of direction from the government continues to constrain investment decision. This, among others, has been further worsened by the rising insecurity challenges across the country. The continued failure of the Federal Government to provide economic direction through reform policies that can stimulate productivity, just as the absence of a cabinet for effective governance has taken a toll on the economy, even as the business environment remains largely unfriendly. Meanwhile, the Central Bank of Nigeria (CBN) has over the past two years focused on monetary stability, resulting in a 7.5% decline in consumer price index over the period; a rise in foreign exchange reserve; and currency...