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Showing posts from July, 2020

Reversal Imminent, As Investors Bet On Oil Price Rebound, Earnings Reports

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Market Update for July 28 The big winners from the previous session on the Nigerian Stock Exchange (NSE), slowed down on Tuesday, as mixed trend continued after a positive reaction to half-year earnings reports. The composite All-Share index closed south on a low traded volume to remain relatively above its 20 and 50-Day Moving Averages, supporting a recovery, while indicating ‘buy’ interests from smart money while Money Flow Index oscillated to read 37.82 points despite profit taking by short-term traders. The mixed earnings from Okomu Oil, Prestige Assurance and Mutual Benefits Assurance failed to impact the general market positively, despite influencing their share prices and sectoral performances for the day with investors reacting positively as revealed by the volume traded to top the gainers’ chart. The day’s negative slant was caused by oil/gas stocks which depressed the market due to unimpressive earnings reports that have so far emanated from the sector, as well as osci...

Amidst Rising Inflation, Migration To Equity Assets Boosts NGSE Index

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Market Update for July 27 Highly capitalized stocks gave the Nigerian Stock Exchange (NSE) a much-needed boost on Monday to start the week on strong after closing higher, enough to completely wipe off the previous loss suffered by the benchmark All-Share index. The gain was however on a low traded volume and despite the day’s negative breadth. The candlestick formation supports bullish pattern, as the index trades above its 20 and 50-Day Moving Average on gradual return of funds into equity assets as revealed by money flow index indicating activities of smart money. The mixed sentiments and continued volatility are clear reflection of cautious trading among investors in the midst of an earnings reporting season much in line with market expectations, due to the impact of the Coronavirus outbreak and the accompanying lockdown from which the economy is yet to recover. There were however exceptions like Africa Prudential, Dangote Cement, Okomu Oil, and Lafarge Africa that recorde...

Investdata Daily Sentiment Report as of 28 July 2020

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NSEASI buy 💯 volume index 0.92 MFI 43.80 Access buy 💯 volume index 1.01 MFI 53.82 Berger buy 0% volume index 5.54 MFI 0.00 Cadbury buy 0% volume index 1.83 MFI 30.82 Cap buy 0% volume index 12.70 MFI 0.00 Eti buy 0% MFI 16.39 Fbnh buy 0% MFI 62.49 Fcmb buy 💯 MFI 41.88 Fidelity buy 0% MFI 64.62 Glaxo buy 0% volume index 4.45 MFI 68.24 GT buy 💯 MFI 48.17 Honyflour buy 0% volume index 0.72 MFI 65.07 Japaul buy 💯 MFI 42.04 Jberger buy 0% volume index 2.24 MFI 32.96 Oando buy 0% volume index 2.42 MFI 56.42 Pz buy 0% volume index 1.23 MFI 57.64 Sterling buy 0% MFI 31.90 Uba buy 💯 MFI 54.08 Ucap buy 25% sell 75% volume index 1.31 MFI 68.77 Unity buy 💯 volume index 7.81 MFI 88.17 Wapco buy 💯 volume index 6.86 MFI 87.88 Wema buy 33% sell 67% volume index 2.77 MFI 23.49 Zenith buy 22% sell 78% MFI 53.13

Buy and Sell Signal for the week

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Volatility Still As Investors Bet On Other H1 Earnings, Interim Div Stocks

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Market Update for the Week Ended July 24, And Outlook for July 27-31 It was a volatile and bearish week of mixed sentiments on the Nigerian Stock Exchange (NSE), with the benchmark All-Share Index closing higher on the strength of renewed buying interests in highly capitalized stocks among investors. This also followed the plethora of mixed corporate earnings reports made available to the market during the period, ahead of month-end window dressing and in the midst of an earnings reporting season with different momentums and reactions. Despite the seeming confusion among investors and the operating environment in a week when the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) retained all monetary policy rates unchanged. The MPR was left at 12.5%; Cash Reserve Ratio, 27.5%; and Liquidity Ratio, 30%; in the face of negative macroeconomic indices, especially inflation that remained on the rise buoyed by the spike in food prices across the country on the back od the ...

Stock market review for the weekended July 24, rising inflation and earnings season

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https://www.youtube.com/watch?v=GHj86IyQemM&feature=youtu.be

Investdata Weekly Sentiment Report as of 27 July 2020

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NSEASI buy 79% sell 21% volume index 0.91 MFI 67.62 Access buy 💯 MFI 52.91 Afrprud buy 82% sell 18% volume index 0.87 MFI 64.04 Aiico buy 0% volume index 0.89 MFI 69.73 Bua buy 0% MFI 44.04 Cap buy 0% MFI 6.32 Caverton buy 0% MFI 20.60 Chams buy 0% MFI 44.47 Chiplc buy 0% MFI 89.79 Corner buy 0% MFI 58.87 Custodian buy 💯 volume index 9.92 MFI 49.70 Cutix buy 💯 volume index 1.68 MFI 59.85 Dangcem buy 💯 volume index 2.15 MFI 71.53 Dangsugar buy 67% sell 33% MFI 63.47 Eterna buy 80% sell 20% volume index 3.87 MFI 38.35 Eti buy 50% sell 50% volume index 0.91 MFI 61.91 Fbnh buy 25% sell 75% volume index 1.12 MFI 56.47 Fcmb buy 71% sell 29% MFI 60.33 Fidelity buy 0% MFI 46.81 Fidson buy 💯 MFI 76.27 Fmn buy 0% volume index 3.86 MFI 8.71 Glaxo buy 0% volume index 1.51 MFI 47.64 GT buy 50% sell 50% MFI 64.37 Honyflour buy 💯 volume index 1.17 MFI 62.76 Jaiz buy 67% sell 33% volume index 1.57 MFI 54.07 Japaul buy 75% sell 25% volume index 1.41 MFI 62.71 Jberger...

Stock Market Review, Business News, Security Exchange

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https://www.youtube.com/watch?v=1E-XERoHdZw&feature=youtu.be

Time For Cautious Trading, As NGSE Index Closes Above 20-Day Moving Average

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Market Update for July 23 Thursday’s trading on the Nigerian Stock Exchange was volatile and bullish, halting four sessions of back-to-back losses on improved buying interests in large cap stocks, especially Dangote Cement and MTNN. This pushed the composite NSE All-Share index higher on low traded volume and flat market breadth. Also on Thursday, Africa Prudential and Cadbury presented to the market, half-year results that were mixed and reflective of the economic realities for the period.  The scorecard of Africa Prudential was mixed, as revealed by its revenue which was down by 32% and profitability level up marginally by 5%, which produced 52 kobo Earning Per Share, slightly lower than the previous 51 kobo posted in 2019. In the case of Cadbury, top and bottom lines were down by 18% and 15% respectively. The economy and stock market are in cycles, that give direction for the next few years, but valuation suggests a bear market between now and end of the year, dependin...

Equities May Get Boost, As Soaring Inflation Threatens Other Asset Classes

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Market Update for July 22 The nation’s stock market remained on the downward path, closing midweek’s trading flat, while side-trending on a very high traded volume and amidst selling pressure, even as more companies released their half-year earnings reports which came mixed. Companies that presented their reports on Wednesday were Jaiz Bank, SAHCO and Chemical & Allied Products. The result from Jaiz Bank was impressive as revealed by its numbers, which showed quality and value earnings, growing top and bottom lines by 39.37% and 43.87% respectively, which translated to four kobo Earnings Per Share, up from three kobo posted in the corresponding period of 2019. The numbers from SAHCO and CAP were however unimpressive as expected, reflecting the gloomy economic situation which still subsists. It has been a period of intense struggle for the equity segment of the financial market through the better part of July, as traders nurse fear of possible disappointing half-year earnings...

Investdata Daily Sentiment Report as of 24 July 2020

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NSEASI buy 💯 volume index 0.85 MFI 37.46 Bua buy 💯 volume index 8.10 MFI 25.12 Caverton buy 0% MFI 24.49 Fbnh buy 💯 volume index 2.17 MFI 58.58 Fidelity buy 0% MFI 68.63 GT buy 0% MFI 53.89 Jaiz buy 💯 volume index 0.93 MFI 75.32 Japaul buy 💯 MFI 37.87 Sterling buy 25% sell 75% MFI 31.42 Transcorp buy 💯 volume index 0.95 MFI 43.06 Uba buy 50% sell 50% MFI 60.32 Ucap buy 💯 volume index 0.80 MFI 75.80 Zenith buy 50% sell 50% volume index 1.37 MFI 44.46

Investdata Daily Sentiment Report as of 23 jUly 2020

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NSEASI buy 0% volume index 2.05 MFI 31.56 Afrprud buy 0% volume index 1.82 MFI 39.62 Eterna buy 86% sell 14% volume index 6.76 MFI 35.27 Fbnh buy 0% volume index 0.95 MFI 40.10 Fidelity buy 0% MFI 71.78 Fmn buy 0% volume index 0.75 MFI 31.02 Glaxo buy 0% volume index 1.56 MFI 48.06 GT buy 33% sell 67% MFI 50.40 Jaiz buy 0% volume index 3.46 MFI 64.43 Japaul buy 💯 MFI 36.79 Mben buy 💯 volume index 1.07 MFI 28.19 Oando buy 💯 volume index 0.72 MFI 69.17 Royalex buy 💯 volume index 3.42 MFI 95.23 Sterling buy 0% volume index 2.22 MFI 30.06 Transcorp buy 💯 volume index 0.82 MFI 51.71 Ucap buy 50% sell 50% volume index 1.28 MFI 81.53 Wapco buy 💯 volume index 1.04 MFI 78.56 Zenith buy 50% sell 50% MFI 53.48

CAP H1 NUMBERS/INVESTMENTS RATIOS

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CAP H1 NUMBERS/INVESTMENTS RATIOS

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SKYWAY AVIATION H1 NUMBERS/INVESTMENT RATIOS

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Mixed Trend On NGSE, Amidst Earnings Reports, COVID-1 9 Vaccine, MPC Outcome

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Market Update for July 20 The negative stance of the previous week was extended to Monday’s trading on the Nigerian Stock Exchange as investors maintained their wait and see attitude ahead of the meeting of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC), which ended on Monday. The committee voted to hold the key policy rates constant to allow the recent monetary and fiscal policy measures put in place play out, especially the increased liquidity due to the last Monetary Policy Rate adjustment, government’s intervention and the signing of the revised 2020 national budget into law by President Muhammadu Buhari kick off full implementation. All these are expected to drive economic activities and productivity, going forward, as discussed in our market update video at the weekend. The benchmark NSE All Share Index closed slightly lower on a very high traded volume; this indicates that smart money is absorbing the supply, an indication that they are bull...