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  Reminder! Reminder!! Reminder!!! Hello Investors and Traders,  Questions and Answers with Ambrose Omordion will hold Saturday 28/11/2020. Time: 12:00pm IT IS ABSOLUTELY FREE Join Zoom Meeting https://us02web.zoom.us/j/85363370488?pwd=Y201WnRPQ0M2alZtWkdpenZaQWlMZz09 Ambrose Omordion

Market Update for November 25 The post-Monetary Policy Committee (MPC) bargain hunting continued on the Nigerian Stock Exchange (NSE) at the midweek, with the benchmark All-Share index closing higher on positive sentiments and increased transaction volume, despite being relatively below the average volume in recent times.  The renewed buying interest and high volatility reflect the inflow of funds into the equity space, considering the relative high yields as seen through the Q3 corporate earnings positions, as well as the high possibility of dividend payment at the end of the current financial year. This is despite the likelihood of dividend cut in some sectors and companies, especially as rates and yields in Treasury Bills auction crashed to 0.15% for the 364-day instruments, which was none-the-less oversubscribed. Oil price is trading above $48 per barrel in the international market, amidst an increase the number of companies reporting the discovery of Covid 19 vaccines, even as...

  NSEASI buy 89% sell 11% volume index 0.86 MFI 73.45 Access buy 43% sell 57% MFI 61.34 Afrprud buy 💯 MFI 49.77 Aiico buy 0% volume index 1.15 MFI 80.09 Chiplc buy 0% volume index 3.81 MFI 36.32 Dangcem buy 💯 volume index 4.65 MFI 74.90 Dangsugar buy 47% sell 53% volume index 0.99 MFI 81.66 Eti buy 33% sell 67% MFI 70.00 Fbnh buy 62% sell 38% MFI 67.90 Fcmb buy 💯 volume index 1.67 MFI 53.81 Fidelity buy 63% sell 38% MFI 63.88 Fmn buy 💯 volume index 0.88 MFI 77.68 Glaxo buy 70% sell 30% MFI 66.25 GT buy 40% sell 60% MFI 53.97 Honyflour buy 💯 volume index 1.40 MFI 90.24 Jaiz buy 67% sell 33% MFI 14.06 Japaul buy 50% sell 50% MFI 64.23 Lasaco buy 50% sell 50% MFI 41.52 Lvstk buy 💯 volume index 1.16 MFI 70.01 M&B buy 💯 volume index 0.85 MFI 61.64 Neimeth buy 0% volume index 2.89 MFI 58.93 Nem buy 💯 volume index 3.27 MFI 68.02 Oando buy 0% volume index 1.16 MFI 72.09 Pz buy 💯 volume index 0.94 MFI 71.33 Sterling buy 0% volume index 1.80 MFI 59.51 Transcorp buy 💯 volume ind...

  Market Update for November 24 Trading activities on the Nigerian Stock Exchange rebounded on Tuesday on the back of the Central Bank of Nigeria’s Monetary Policy Committee decided to retain all policy instruments unchanged, so as to drive economic output and hasten recovery. The rebound halted three consecutive sessions of losses on high buying pressure that resurfaced by early afternoon.    The rebound also came as the outgoing President of the United States, Donald Trump, finally conceded defeat, after weeks of stand-off, to give way for the transition activities of President-elect Joe Biden. The MPC members ended their two-day meeting on Tuesday with a unanimous decision to retain all rates, restoring confidence to the stock market, and contributing largely to the recovery witnessed during Tuesday’s session. In our opinion, the just-released nine months financials of companies with December year-ends, should be the major investment guide at the moment, even as we als...

Hello Investors and Traders, I just posted The Impact of MPC Retaining Policy Stance on Capital Market. Click on the below link to watch Now.  Don't forget to share with me what you think about the analysis. Also, click on the subscribe button so that you can be among the first to get the latest update.  Ambrose Omordion

  NSEASI buy 99% sell 1% volume index 0.72 MFI 73.29 Access buy 💯 MFI 59.77 Afrprud buy 💯 volume index 1.12 MFI 50.51 Aiico buy 0% volume index 1.73 MFI 79.05 Dangsugar buy 💯 volume index 0.94 MFI 81.06 Eterna buy 0% volume index 1.18 MFI 37.30 Eti buy 92% sell 8% MFI 67.98 Fbnh buy 92% sell 8% MFI 68.77 Fcmb buy 94% sell 6% volume index 0.84 MFI 50.00 Fidelity buy 95% sell 5% volume index 0.77 MFI 63.64 Glaxo buy 💯 volume index 0.91 MFI 63.40 GT buy 50% sell 50% volume index 0.87 MFI 53.18 Honyflour buy 💯 MFI 85.93 Jaiz buy 50% sell 50% MFI 12.96 Japaul buy 💯 MFI 65.46 Lvstk buy 30% sell 70% volume index 0.95 MFI 68.82 Mben buy 💯 volume index 1.01 MFI 83.37 Neimeth buy 0% volume index 1.57 MFI 53.78 Oando buy 71% sell 29% MFI 75.42 Sterling buy 💯 MFI 54.72 Transcorp buy 71% sell 29% volume index 0.96 MFI 67.39 Uacn buy 💯 MFI 67.07 Uba buy 💯 MFI 52.99 Ubn buy 💯 MFI 53.19 Ucap buy 95% sell 5% volume index 1.19 MFI 55.27 Unity buy 0% MFI 84.05 Vitafoam buy 💯 MFI 55.87 Wap...

Ambrose Here Again,  "The best of all is not to win every battle by force. The best of all is to make the enemy yield without fighting. So the highest of all military principles is to overcome the enemy by Strategy" - Sun Tzu In 216 B.C, the Carthaginian general Hannibal encountered 72,000 Romans Army at a place called Cannae in southern Italy. His own army was 20,000. Both armies were equally armed and trained. However, if you look at the numbers alone, Hannibal should have surrendered or retreated and the Romans expected him to do so. He did not. He did the unexpected and surprised his opponent.  He decided that the only way he could succeed was to not just defeat the superior Roman army opposing him, but to also destroyed them. Hence, he defined this as a clear objective and he was fully committed to accomplishing this objective despite all odds against him. There are many investors and traders who have set financial goals for themselves and at the slight of a small obstac...

Nigeria’s National Bureau of Statistics (NBS), on Saturday morning, published its report confirming that the economy, as expected, slipped into a recession for the second time since 2016, with a Gross Domestic Product growth rate of –3.62% year-on-year in real terms in the third quarter of 2020. The figure though indicative of a second consecutive quarter of negative GDP growth, was however a 2.48% improvement over the -6.1% reported in the previous quarter (2020Q2). The marginal improvement was anticipated, as the economy gradually picked up after several months of lockdown imposed by government to check the spread of the Coronavirus pandemic that continues to ravage the world. “Cumulative GDP for the first 9 months of 2020 therefore stood at -2.48%,” Dr. Yemi Kale, the nation’s Statistician-General, noted via his Twitter handle. “The performance of the economy in Q3 2020 reflected residual effects of the restrictions to movement and economic activity implemented across the country in...

  Nigeria’s National Bureau of Statistics (NBS), on Saturday morning, published its report confirming that the economy, as expected, slipped into a recession for the second time since 2016, with a Gross Domestic Product growth rate of –3.62% year-on-year in real terms in the third quarter of 2020. The figure though indicative of a second consecutive quarter of negative GDP growth, was however a 2.48% improvement over the -6.1% reported in the previous quarter (2020Q2). The marginal improvement was anticipated, as the economy gradually picked up after several months of lockdown imposed by government to check the spread of the Coronavirus pandemic that continues to ravage the world. “Cumulative GDP for the first 9 months of 2020 therefore stood at -2.48%,” Dr. Yemi Kale, the nation’s Statistician-General, noted via his Twitter handle. “The performance of the economy in Q3 2020 reflected residual effects of the restrictions to movement and economic activity implemented across the coun...

  Market Update for the Week Ended November 20 and Outlook for Nov 23-27 Profit booking dominated trading on Nigeria’s equity market last week after nine successive weeks of uptrend driven by a high level of liquidity, positive sentiments, low yield in the fixed income space, and the better-than-expected corporate earnings in a struggling economy. The slowdown in the market resulted from investors cashing out the recent gains from the unprecedented rally. There were the seemingly lower-than-expected 2020Q3 score-cards from tier-1 banks, perhaps due to the high hopes, just as analysts are already looking at the expected outcome of the Central Bank of Nigeria (CBN) Monetary Policy Committee meeting, the last for this year, and the implications. Nevertheless, the pullbacks have created room for repositioning ahead of December seasonal trends and New Year corporate action at the peak of the earnings reporting season for the December year-end accounts in the first quarter of 2021. The m...

  NSEASI buy 6% sell 94% volume index 1.95 MFI 100.00 Abc buy 💯 volume index 3.16 MFI 63.17 Access buy 32% sell 68% volume index 1.84 MFI 72.18 Afrprud buy 73% sell 27% volume index 2.17 MFI 71.98 Aiico buy 92% sell 8% volume index 1.41 MFI 78.88 Ardova buy 0% volume index 2.54 MFI 85.05 Bocgas buy 💯 volume index 6.43 MFI 78.52 Bua buy 49% sell 51% MFI 45.71 Cadbury buy 10% sell 90% volume index 1.69 MFI 57.34 Caverton buy 92% sell 8% MFI 82.12 Chams buy 60% sell 40% volume index 1.98 MFI 55.28 Chiplc buy 25% sell 75% volume index 6.38 MFI 22.55 Conoil buy 💯 volume index 2.01 MFI 52.87 Corner buy 💯 volume index 1.86 MFI 36.28 Courtville buy 💯 MFI 53.90 Cutix buy 0% volume index 0.96 MFI 47.62 Dangcem buy 47% sell 53% volume index 1.05 MFI 87.27 Dangsugar buy 43% sell 57% volume index 2.18 MFI 84.70 Eterna buy 💯 MFI 90.04 Eti buy 28% sell 72% volume index 1.67 MFI 75.88 Fbnh buy 20% sell 80% volume index 1.64 MFI 74.54 Fcmb buy 8% sell 92% volume index 1.30 MFI 74.60 Fidelity ...

 The management of Guaranty Trust Bank Plc, on Thursday, presented it unaudited financials for the nine months ended September 30, 2020, indicating a flat growth in gross earnings, just as management successfully constrained interest expense growth; while loan impairment charges ballooned by 267.35%. Gross earnings for the period stood at N273.565bn, a slight increase from N268.01bn in the corresponding period of last year; helped by interest income of N228.226bn, up from the previous N224.187bn; while interest expense dropped by N12.76bn or 24.89% to N38.49bn from N51.25bn. Loan impairment charges for the period soared by N7.383bn from N2.761bn to N10.144bn; resulting in net interest income after loan impairment charges of N179.591bn, up from N170.175bn. Fee and commission income dropped by N10.978bn or 22.69% from N48.379bn to N37.4bn, a breakdown of which showed that credit related fees and commission dropped from N8.078bn to N4.585bn; account maintenance charges improved slight...

  Market Update for November 19 Thursday’s trading on the Nigerian Stock Exchange was very mixed and volatile, with equity prices swinging into losses on the strength of banks’ Q3 numbers falling below expectation, thereby halting the previous day’s gains and recovery. This, expectedly, has triggered another round of profit-taking, despite the positive economic news of an expansion in the nation’s industrial output as revealed by the Purchasing Managers index of 50.2points, up from the 49.6 points in October. The lower-than-expected earnings reports from the banks have been factored in, deflating the improved momentum and buying interests observed at the midweek. Following these mixed and flat performances from Guaranty Trust Bank, Sterling Bank, Union Bank, and Access Bank, investors should expect a dividend cut or equalization, at the end of the year. Players should look elsewhere for the ‘next big gains” following decades of banking sector dominance. Since the 2005/2006 banking ...

  Members of The Nigerian Stock Exchange (NSE), on Wednesday, held its annual general meeting, its last as a mutual entity, supporting the listing of the emergent Nigerian Exchange Group Plc (NGXG) on the Nigerian Exchange Limited (NGX) once the demutualization exercise is completed. The meeting approved, subject to the receipt of requisite approvals of relevant regulatory authorities, the conversion and re-registration of NGXG, while the group is authorized to undertake a listing by introduction of its shares on NGX. Consequently, the NSE will no longer be wholly owned by its dealing and non-dealing members. Following the conversion and re-registration of The Exchange as Nigerian Exchange Group Plc, according to a statement issued at the end of the meeting, the powers of the National Council of the Exchange will be devolved upon the board of directors of the Group. “Today’s vote clears the way for the listing of NGXG and for a new structure that will enable The Exchange to realize...

The Federal Government, on Wednesday, said it is offering more tax incentives to Nigerians in the proposed 2020 Finance Bill to cushion the socio-economic condition in the country, especially in the wake of the lockdown that followed the Coronavirus (COVID-19) pandemic. Briefing State House Correspondents after the Federal Executive Council (FEC) meeting in Abuja on Wednesday, the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed listed some highlights of the proposed bill to include a 50% reduction in minimum tax. The proposed bill sets minimum tax at 0.25%, from 0.5% of gross turnover for financial years between January 2020 and December 31, 2021; a reduction in duties on tractors from 35% to 10%; same as on motor vehicles for the transportation of goods. Levy on motor vehicles for the transportation of persons (cars) is also cut from 35% to 5%; just as small companies (with less than N25m turnover), are exempted from paying education tax under the Tertiary Educati...

  Nigeria’s Securities and Exchange Commission (SEC), on Wednesday, said about N29bn of previously unclaimed dividend has so far been transferred into the bank accounts of investors since its introduction of multiple accounts regularization in 2015. Regularisation of multiple accounts requires shareholders with multiple accounts to harmonize them by filing electronic dividend mandate forms and submitting the same to their banks, or stockbrokers for onward transmission to their respective registrars. Director-General of the commission, Lamido Yuguda stated this during an investigative hearing on the rising value of unclaimed dividends, unremitted withholding tax on dividends, and their attendant effects on the nation’s economy organized by the House of Representatives in Abuja. He said it is the commission’s desire that the issue of unclaimed dividends is brought to an end, given the importance of dividends in maintaining and sustaining investments in the capital market. The SEC, he...

NSEASI buy 18% sell 82% volume index 1.59 MFI 82.52 Access buy 50% sell 50% volume index 0.79 MFI 75.34 Afrprud buy 💯 volume index 1.30 MFI 49.45 Aiico buy 💯 MFI 76.13 Dangsugar buy 💯 volume index 0.75 MFI 94.33 Eti buy 💯 MFI 73.84 Fbnh buy 91% sell 9% volume index 1.50 MFI 78.07 Fcmb buy 47% sell 53% volume index 0.87 MFI 55.81 Fidelity buy 93% sell 7% volume index 0.82 MFI 79.84 Fmn buy 💯 volume index 0.72 MFI 73.21 Glaxo buy 💯 volume index 1.00 MFI 70.39 GT buy 74% sell 26% MFI 59.04 Honyflour buy 0% volume index 1.12 MFI 84.40 Jaiz buy 29% sell 71% volume index 21.16 MFI 11.51 Japaul buy 17% sell 83% volume index 2.04 MFI 82.24 Lasaco buy 25% sell 75% MFI 54.73 M&B buy 💯 volume index 3.18 MFI 63.46 Mben buy 💯 volume index 2.32 MFI 88.74 Nahco buy 0% volume index 0.93 MFI 41.28 Neimeth buy 80% sell 20% volume index 1.86 MFI 69.56 Oando buy 0% MFI 86.39 Sterling buy 58% sell 42% MFI 61.11 Transcorp buy 80% sell 20% volume index 3.01 MFI 73.59 Uacp buy 💯 MFI 89.30 Uacn bu...

Sub-Topics 1. 2020 Review & 2021 Stock Market Ride: Where to Shop for Profit in Any Market Condition (AlhajiGarbaKurfi MD/CEO APT Securities & Funds Ltd) 2. Volatility: How to use Resistance and Support for Profitable Trading in 2021 and beyond (Mr. Abdul-Rasheed Momoh Head Capital Market Trw Stockbrokers Ltd). 3. 2021 Budget and Oscillating Crude Oil Prices: Implication for the Nigerian Economy and Stock Market (MrAbiolaRasaq, CSCS). 4. Changing Investment Climate and Monetary Policy: How to take the position (MrJibril Muhammed Bello, Head Capital Market Newdevco Invest/Securities). 5. Effect Of The CBN Monetary Easing Policy On The Stock Market In 2021 (Engr. Mike Ekwueme MD, X-Front Trader Ltd. 6. Investment Strategies for Assets and Portfolio Realignment in 2021 & Beyond (MrAdeboyeTeriba, Head, Trading NovaMBL Securities Ltd. 7. Dividend Investing For Juicy Returns In Post COVID-19 And Low Yields Regime. (Mr. Ambrose Omordion CRO Investdata Consulting Ltd). At this summ...

  https://investdata.com.ng/banks-q3-earnings-inflation-data-mpc-outcome-may-decide-ngse-slant-this-week/ https://investdata.com.ng/ardova-to-distribute-shell-lubricant-brands-in-nigeria/ https://investdata.com.ng/nse-retains-iso-270012013-certification-for-fifth-year/ https://investdata.com.ng/moodys-affirms-afdbs-aaa-credit-rating-stable-outlook/ https://investdata.com.ng/corporate-actions-on-ngse-as-of-friday-november-13-2020/ https://investdata.com.ng/investdata-price-earnings-tracking-for-week-ended-november-13-2020/ https://investdata.com.ng/afdb-president-urges-partnership-for-strong-global-covid-19-recovery/ https://investdata.com.ng/gtbank-unveils-scheme-of-arrangement-lists-holdco-shares-jan-5/ https://investdata.com.ng/again-fg-proposes-unclaimed-dividend-trust-but-bank-fear-dormant-accounts-funds-targeted/ https://investdata.com.ng/dangote-refinery-to-create-250000-jobs-fertilizers-out-this-month/

  Market Update for November 17 Profit-taking continued on the Nigerian Stock Exchange (NSE) on Tuesday with the benchmark All-Share index closing on a negative note, the third straight session, while market sentiment remained mixed and volatility high. The high volatility was driven by selloffs in Consumer and industrial goods large-cap stocks, with investors waiting expectedly for the remaining banking sector earnings reports and outcome of the Central Bank of Nigeria (CBN) Monetary Policy Committee meeting next week, the last for the year, boosting investors optimism. The ongoing price correction in many stocks has created buy opportunities for discerning and smart investors. The improved momentum and trading pattern of the day shows the market resisting further decline, despite closing lower. Recall that this was started by the recent bull-run that subsisted for the better part of last week, hence the reason we believe the ongoing profit-taking to be expected, given the recent ...

  The Securities and Exchange Commission (SEC) says the Federal and State Governments have the capacity to unlock enormous potentials across the county through privatization. Speaking on Tuesday at a Webinar organized by the Nigerian Stock Exchange (NSE) with the theme: “Privatisation in Nigeria and the Outlook for Subnational Economic Development,” Director-General of the SEC, Lamido Yuguda, said there is no better time to discuss alternative funding sources at the sub-national level, given adverse impacts brought about by the COVID-19 pandemic. Yuguda, represented by Reginald Karawusa Executive Commissioner Legal and Enforcement, at the commission, said the capital market’s primary role in any economy is to facilitate capital formation. By creating a system for allocation of capital, investors are able to price risk efficiently while issuers have the opportunity to raise funds to finance projects. Onyema In doing so, he told participants at the webinar organized in collaboration ...

 Reminiscent of the period when banks in Nigeria were required to set aside 10% of their profit before tax for players in the Small and Medium-scale sector of the economy, Alhaji Aliko Dangote, President of Dangote Industries Limited, says he will sponsor a bill at the National Assembly seeking legislation that will require private sector organizations to set aside 1% of their profit for a health sector fund. Dangote Industries, is the parent company of Dangote Cement Plc, Dangote Sugar Refinery, and NASCON Allied, among others. This allocation, which will be separate from payment of corporate tax to the government, he said, will help the country tackle Nigeria’s health sector challenges, like the one posed by the coronavirus pandemic. Dangote, who was fielding questions during the virtual Bloomberg New Economic Forum (NEF), at a session titled, “Cross-Sector Mobilisation in Times of Crisis: Public Health Perspective,” agreed that funding is a major barrier to dealing with health c...

As part of efforts to meet up with the minimum capital requirement set for underwriters in the country by the National Insurance Commission (NAICOM), ahead of the deadline, the directors of NEM Insurance Plc, wants shareholders at an extraordinary meeting scheduled for December 10, 2020, to approve the issuance of bonus shares. The approval, according to a statement by Olajumoke Philip-Akede, the company secretary, is subject to the filing of an increase in Authorized Share Capital of the company at the Corporate Affairs Commission as approved at the Annual Meeting of June 18, 2020. The proposal, which is part of the special business at the meeting, entails a bonus of 9 new shares of NEM Insurance for every 10 previously held, as of the close of business on November 23, 2020,  by the transfer of ₦272.551m and ₦2,087,197,543 from its Share Premium and Retained Earnings Accounts respectively to the Share Capital Account. These will represent the value of 4,719,497,087 ordinary shares...