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Showing posts from September, 2020

Quick Reminder: It Would Have Been Too Late Tomorrow

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Ambrose Here Again... “The purpose of life is not to be happy. It is to be useful, to be honorable, to be compassionate, to have it make some difference that you have lived and lived well.” Emerson ALRIGHT! Fair warning: This is your LAST CHANCE to register for the LIFE BEYOND COVID-19: INVESTMENT OPPORTUNITIES IN VARIOUS ASSET CLASSES Via Zoom on 26th September 10:00am to 2:00pm Click on the below link to decide  https://workshop.investdataonline.com/covidworkshop/  This opportunity closes TONIGHT at 11:59pm. So if you are possibly interested (or curious) to know how to trade in post Covid-19 and how to position for the various opportunities in various asset classes.  AND make 2020 your best year ever, your year of compensation (YES, even with everything going on!) So go ahead and do this right now, while you have this email opened. Click on the below link to invest in yourself now  I am looking forward to seeing YOU on the registration list today! Ambrose Omordion ...

Investdata Daily Sentiment Report 29 September 2020

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 NSEASI buy 98% sell 2% volume index 1.37 MFI 74.74 Access buy 💯 MFI 28.19 Caverton buy 💯 volume index 2.16 MFI 61.93 Eti buy 💯 MFI 33.51 Fbnh buy 💯 MFI 57.36 Fcmb buy 💯 volume index 3.47 MFI 49.31 Fidelity buy 0% volume index 0.82 MFI 56.33 Fmn buy 50% sell 50% volume index 1.00 MFI 98.08 GT buy 0% volume index 0.95 MFI 89.31 Jaiz buy 0% MFI 53.33 Jberger buy 💯 volume index 3.30 MFI 35.25 Lasaco buy 💯 MFI 67.28 M&B buy 0% volume index 3.77 MFI 7.65 Mtnn buy 💯 volume index 1.89 MFI 87.46 Seplat buy 💯 volume index 3.59 MFI 22.38 Sterling buy 50% sell 50% volume index 5.25 MFI 47.92 Transcorp buy 33% sell 67% volume index 0.79 MFI 50.99 Uacp buy 0% MFI 18.95  Uba buy 25% sell 75% volume index 2.56 MFI 60.60 Ubn buy 💯 volume index 0.91 MFI 36.82 Ucap buy 💯 volume index 1.14 MFI 43.54 Vitafoam buy 💯 volume index 1.48 MFI 63.04 Wapco buy 💯 volume index 2.11 MFI 77.58 Zenith buy 0% volume index 3.23 MFI 67.30

Investdata Weekly Sentiment Report as of 28 September 2020

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NSEASI buy 99% sell 1% volume index 1.18 MFI 83.86 Abc buy 0% volume index 4.65 MFI 13.49 Access buy 82% sell 18% volume index 1.25 MFI 58.63 Afrprud buy 💯 volume index 0.79 MFI 64.97 Aiico buy 0% MFI 35.29 Ardova buy 73% sell 27% volume index 2.68 MFI 31.17 Cadbury buy 0% MFI 26.99 Cap buy 0% volume index 1.58 MFI 40.77 Chams buy 0% volume index 2.00 MFI 19.96 Chiplc buy 💯 MFI 26.38 Cileasing buy 💯 volume index 2.23 MFI 55.11 Corner buy 💯 volume index 1.04 MFI 55.00 Courtville buy 0% volume index 1.34 MFI 41.78 Custodian buy 💯 MFI 58.15 Dangcem buy 💯 volume index 1.72 MFI 54.25 Dangsugar buy 60% sell 40% volume index 1.43 MFI 34.86 Eterna buy 0% volume index 1.45 MFI 35.17 Eti buy 💯 volume index 1.02 MFI 32.66 Fbnh buy 83% sell 17% volume index 1.18 MFI 45.13 Fcmb buy 86% sell 14% MFI 71.87 Fidelity buy 💯 volume index 1.67 MFI 54.84 Fidson buy 💯 MFI 62.63 Fmn buy 💯 volume index 5.63 MFI 51.23 GT buy 90% sell 10% MFI 66.41 Honyflour buy 0% MFI 45.22 Jaiz buy 50% sell 50% volu...

Intraday Volatility Ahead, As Investors Position Amidst Expected Liquidity Inflow

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Market Update for September 28 Blue chip stocks rebounded on the Nigerian Stock Exchange (NSE) Monday, with the benchmark index closing higher on positive sentiment and a high traded volume, sustaining its uptrend for the seventh consecutive session. Investors, especially smart money are positioning in value stocks with history of consistent dividend payment ahead of Q3 earnings reporting season, in reaction to the latest rate cut by the Central Bank of Nigeria (CBN). The market had extended its wave three at the end Monday’s trading, gliding above the 26,500 points mark, after testing 26,512.05 basis points on a strong buying interest, with money flow index reading 74.74 points on the daily chart as the quarter is set to close positive, and reverse the NSE’s year to date loss position to gain. In our opinion, the current upside drive is a function of quarterly window dressing and reactions to the negative real rate of returns in other investment windows, especially money market, fixed...

We’ll Break PIB Jinx, Ensure Passage- Lawan, Gbajabiamila

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The President of the Senate, Ahmad Lawan, and the Speaker of the House of Representatives, Femi Gbajabiamila, on Monday vowed that the leadership of the ninth National Assembly is poised to break the jinx by passing of Petroleum Industry Bill after several stillbirths. Investdata News recalls that the PIB, in various shades has gone in and out of the National Assembly since 2007, making the present NASS the four assembly to deliberate on the provisions a bill that have been stalled by intrigues and vested interests. As a result of this interests, the legislators had attempted to pass it in segments, a move that also did not materialize. Lawan and Gbajabiamila spoke at a meeting of the leadership of the National Assembly with the Minister of State for Petroleum, Timipre Silva, Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari and other top officials in the nation’s petroleum sector. The meeting, according to a statement by Ola Awoniyi, Special Adv...

Lagos Hosts 2020 Edition, Implements 109 Ehingbeti Summit Resolutions

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The Lagos State Government will host the eighth edition of its Ehingbeti Economic Summit 2020 from November 10 to 12, 2020, driven by the private sector, as part of pursuing an inclusive government mechanism for the state. This year’s edition, with the theme: “For a greater Lagos: setting the tone for the next 10 years, according to Sam Egubi, the state’s Commission for Economic Planning and Budget, coming six years after the last one in 2014, is holding 20 years after the maiden summit in the year 2020. Due to the Coronavirus pandemic, this year’s edition will hold virtually, thereby offering opportunity for a wider range of participants and facilitators from the private sector especially as they join from the comfort of their offices. It will also expected to be a great leap forward, allowing participation from across the globe in what is expected to be the biggest gathering this year. Unveiling the summit to the media, Egubi, who was accompanied by some members of the State Executiv...

Monetary Policy Induced Rally Turns NGSE YTD Positive, Ahead Of Q3 Earnings

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Market Update for the Week Ended September 25 and Outlook for Sept 28-Oct 2 Equity prices in the last full trading week of September, which has traditionally been a bearish month, turned positive even as the Nigerian Stock Exchange (NSE) All-Share Index recorded the biggest weekly gain over the past four months. Specifically, the benchmark index sustained this bull transition on an increased momentum, halting two weeks of sideways trending on a high traded volume. The rebound was due to the increased funds inflow from other investment windows due to the further crash in rates that has deepened the negative returns in fixed income investment windows and the low yield environment. There is also the effect of the end-of-quarter window dressing by fund managers and outlook for the Q3 earnings season that kicks off in a fortnight. All these supported the five straight sessions of rally that boosted buy-interest among investors. One obvious implication that can be deduced from the most recen...

8 Things You Need To Know Before The Opening Bell On NSE

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1. Monetary Policy Induced Rally Turns NGSE YTD Positive, Ahead Of Q3 Earnings. https://investdata.com.ng/monetary-policy-induced-rally-turns-ngse-ytd-positive-ahead-of-q3-earnings/ 2.Corporate Actions On NSE As Of Friday, September 25, 2020 https://investdata.com.ng/corporate-actions-on-nse-as-of-friday-september-25-2020/ 3. Dangote Says Elumelu’s TIME Magazine Honour Well Deserved https://investdata.com.ng/dangote-says-elumelus-time-magazine-honour-well-deserved/ 4. Investdata Price, Earnings Tracking For Week Ended September 25, 2020 https://investdata.com.ng/investdata-price-earnings-tracking-for-week-ended-september-25-2020/ 5.Domestic Investors Pool 58.7%, As YTD Transactions On NSE ValueDrops To N1.201tr https://investdata.com.ng/domestic-investors-pool-58-7-as-ytd-transactions-on-nse-valuedrops-to-n1-201tr/ 6. UACN Core Investor Blakeney Sells 110.89m, As Director Buys 0.5m Units https://investdata.com.ng/uacn-core-investor-blakeney-sells-110-89m-as-director-buys-0-5m-units/ 7...

Market Update and Portfolio Repositioning Ahead of Q3 Earnings Seasons

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Hello Investors and Traders,  Here is another Market review and portfolio repositioning Ahead of Q3 Earnings Seasons. So, click on the below link to watch and tell me what you think about my analysis.  Don't forget to click on the subscribe button to be among the first to get the latest update any time I upload a new Video. 

Mixed Sessions Ahead, As Investors Reprice Equities To Reflect Realities

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Market Update for September 21 The nation’s stock market, on Monday, maintained a mixed and ranging outlook remaining dicey as its technicals and fundamentals seem totally disconnected, extending into the second successive sessions of marginal gains on a low traded volume. The market is in need of positive information or policy statement to trigger buying interests ahead of the Q3 earnings reporting season, at a time of so much negative macroeconomic indices wobbling the nation’s economic fundamentals. The continued mixed sentiments and volatility will likely be sustained throughout the rest of this year, such that although prices stay high or low, the trend would remain the friend of investors. Following which you must stay alert and cautious, while constantly reviewing your trading strategy, given the rapid change going on in the market, if you must meet your investment objective. Despite the absence of a positive catalyst, however, the market is likely to benefit from the compelling...

Investdata Daily Sentiment Report as of 22 September 2020

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NSEASI buy 35% sell 65% volume index 0.84 MFI 64.26 Abc buy 💯 volume index 8.44 MFI 44.32 Access buy 0% MFI 55.88 Aiico buy 💯 volume index 1.17 MFI 18.97 Chams buy 💯 volume index 5.91 MFI 39.57 Fbnh buy 0% volume index 2.28 MFI 37.01 Fcmb buy 0% MFI 53.10 Fidelity buy 0% MFI 30.04 Fmn buy 💯 MFI 88.48 GT buy 💯 MFI 75.51 Honyflour buy 0% volume index 1.38 MFI 43.08 Jaiz buy 0% volume index 1.36 MFI 40.82 Japaul buy 0% volume index 1.94 MFI 45.67 Jberger buy 0% volume index 6.71 MFI 2.87 Lasaco buy 0% volume index 0.99 MFI 20.85 Mben buy 💯 volume index 2.66 MFI 42.00 Mtnn buy 💯 volume index 4.09 MFI 64.08 Red buy 0% volume index 0.77 MFI 43.32 Sterling buy 0% MFI 39.40 Transcorp buy 💯 MFI 42.46 Uacn buy 💯 MFI 70.64 Uba buy 💯 volume index 1.02 MFI 40.76 Ucap buy 70% sell 30% volume index 1.10 MFI 35.40 Wapco buy 0% volume index 1.13 MFI 63.44 Wapco buy 💯 MFI 63.93 Zenith buy 25% sell 75% MFI 61.28

NGSE Outlook Dicey, Time To Diversify Portfolios Long-Term, Protect Capital

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Market Update for the Week Ended September 18 and Outlook for Sept 21-25 Transactions on the Nigerian Stock Exchange for the week under review maintained a mixed performance and sentiments, slowing down the bull transition on profit taking and price adjustment for banking stocks that offered interim dividends to their shareholders even in the midst of the lingering economic uncertainty and dwindling investor and consumer confidence. The current trading patterns and volatility have extended the sideways trending of the benchmark index for the second consecutive week as investors await positive news and policies capable of supporting or pointing to a new direction. Recall that the first tier banks had earlier inspired a rally that pushed the market to breakout the recent resistance level before the latest correction that dragged the composite index slightly lower on an above-average traded volume. The prevailing trend on the NSE calls for cautious trading with sentiments and momentum rem...

I give up because life is unfair

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Ambrose Here Again, He who has undertaken the sublime task of overcoming himself does not resign to anything that will not help him move forward. Who does not want to subject himself to that which is good? So, resignation to this current new normal and wait for something somewhere to happen is like saying "I give up; I am defeated; life is unfair and I submit." Fortunately and under any circumstances, you are framed for victory and joy. So, don't let that negativity in the market rob you off your financial source. However, this can't be achieved by mere wish but through constant studying, training, attending workshops and doing everything to be better than what you were yesterday. So, due to the change in the dynamics of the economy and different government policies that will affect the market, I will be organizing a seminar LIFE BEYOND COVID-19: INVESTMENT OPPORTUNITIES IN VARIOUS ASSET Classes.  26th September, 2020 10:00am to 2:00pm Call or Chat Admin on 0803205546...

Investdata Weekly Sentiment Report as of 21 September, 2020

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  NSEASI buy 59% sell 41% volume index 0.85 MFI 75.73 Abc buy 0% volume index 3.06 MFI 31.64 Access buy 11% sell 89% volume index 1.22 MFI 55.97 Afrprud buy 91% sell 9% volume index 0.86 MFI 55.91 Aiico buy 💯 volume index 1.18 MFI 29.25 Ardova buy 💯 MFI 32.80 Berger buy 💯 volume index 8.36 MFI 55.03 Cadbury buy 74% sell 26% volume index 1.10 MFI 36.74 Cap buy 💯 volume index 1.86 MFI 36.41 Caverton buy 89% sell 11% MFI 8.88 Chams buy 50% sell 50% volume index 1.38 MFI 22.96 Cileasing buy 88% sell 12% volume index 2.37 MFI 34.00 Corner buy 0% volume index 5.09 MFI 54.07 Courtville buy 💯 volume index 1.81 MFI 55.86 Custodian buy 💯 volume index 3.65 MFI 56.23 Cutix buy 0% volume index 1.72 MFI 59.15 Dangsugar buy 95% sell 5% volume index 2.73 MFI 21.57 Eti buy 25% sell 75% volume index 1.24 MFI 27.53 Fbnh buy 69% sell 31% volume index 0.96 MFI 33.08 Fcmb buy 21% sell 79% volume index 2.26 MFI 63.14 Fidelity buy 25% sell 75% MFI 45.61 Fmn buy 💯 MFI 32.07 GT buy 💯 MFI 56.45 Honyf...

The Profit Point 18th September 2020

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Hello Investors and Traders,  Here is another Profit Point video that will guide you in the market.  In addition, click on the subscribe button on my YouTube Channel so that you won't miss out.  https://youtu.be/TZAWV8Ssfj8

Bara Finance Not Licensed By SEC Nigeria- Investigation

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The new management of the Securities & Exchange Commission (SEC) led by Lamido Yugudu, who recently assumed office as Director-General, like the successor interim management under Ms. Mary Uduk, sure has its job cut, especially as regards keeping unregistered investment and fund managers out of the financial system. The latest rave is a self-styled fund manager- Bara Finance and Investment Company Limited, which is fast gathering followership among Nigerians eager for mouth-watering returns on their investment at a time yields on treasury bills have moved closer to zero, just as interest rates can no longer break the 1.25% ceiling as recently set by the apex bank. Checks on the SEC website (www.sec.gov.ng) revealed that Bara Finance and Investment Company Limited is neither registered as a capital market operator neither, not an investment scheme and therefore not listed among those permitted to operate in the nation’s capital market. It could therefore have been operating as a Pon...

Profit Taking Keeps NGSE Index Red, Amid Cautious Trading Ahead Of Q3 Earnings

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Market Update for September 17 Nigeria’s stock market again closed lower for the third consecutive session on Thursday with the trading pattern and negative sentiments revealing selloffs in low and medium companies like Dangote Sugar, Oando, Custodian Investment and Ecobank Transnational Incorporated. This pushed the benchmark All Share Index to breakdown the blue trend line on a less-than-average traded volume, despite the improved buying interests among market players. As we observed on Tuesday, Wednesday and Thursday, it seems profit taking and selloffs are instilling fear in the market, as the earnings and dividend expectations of banks pushed the rally, while investors targeted high dividend stocks to mitigate the negative impact of the Coronavirus pandemic and inflationary pressure. Meanwhile, Thursday’s trading opened in red even as Zenith Bank’s share price was adjusted, but inched up by mid-morning before oscillating for the rest of session on profit taking and buy interests i...

Tax: Complete Self-Certification Forms Or We’ll Block Accounts- FIRS

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In what may smack of desperation to achieve its revenue target set by the Federal Government, the Federal Inland Revenue Service (FIRS), on Thursday clarified its statement a day earlier directing account holders in financial institutions in the country to submit self-certification forms or risk being barred. “Failure to comply with the requirement to administer or execute this form attracts sanctions which may include monetary penalty or inability to operate the account,” it tweeted. Curiously, the notification, which was made via the twitter handle of the Federal Government (@NigeriaGov), rather the regular official channels, did not give a timeframe for the directive. Account holders in banks, insurance companies, among others, “are required to obtain, complete and submit self-certification Forms to their respective Financial Institutions.” Specifically, persons holding accounts in different financial institutions are to complete and submit the form to each one of the institutions, ...