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  Market Update for August 26 Nigeria equity market on Thursday continued its consolidation move as the NGX index inched up on a low traded volume and wide positive market breadth due to increased buying interest across the major sectors of the exchange.   The anticipated positive news of Q2 GDP growth of 5.01% was released to the market by the NBS to increase the number of good news despite the lingering social-political and structural impediments which had hindered the nation economic progress and peace. The better than expected Q2 GDP data was not a surprise to us in Investdata as the just concluded half year earnings season and other macroeconomic indices have given insight before now, as the purchasing managers index hits 18 months high of 55.4 points as of July from 53.6 point in June according to Stanbic IBTC Bank’s report.  Also, the Consumer Price iIndex, which measures price movement of goods and services recently, recorded four straight months of decline a...

  Latest data from Nigeria’s National Bureau of Statistics (NBS) on Thursday showed that the country’s economy soared by 5.01% in real terms in the second quarter of 2021, from 0.51% in the previous quarter, or the 6.1% contraction reported in the corresponding period of last year. The growth is the highest percentage growth since 2019Q2 when the economy grew by 2.12%, from where it rose to 2.55% by 2019Q4. Within the period, aggregate GDP stood at N39.123tr in nominal terms, up from the second quarter of 2020 aggregate of N34.023tr, indicating a 14.99% year-on-year nominal growth rate, higher than -2.80% growth recorded in the second quarter of 2020 when economic activities slowed sharply at the outset of the pandemic. The Q2 2021 nominal growth rate was also higher than 12.25% growth recorded in Q1 2021, despite a further dip in the oil sector with -12.65% year-on-year growth, from -2.21% in the previous second quarter. This resulted in real GDP negative growth of 7.13% in the fi...

  NGXASI buy 84% sell 16% volume index 0.81 MFI 68.96 Access buy 💯 MFI 37.48 Afrprud buy 0% MFI 53.66 Aiico buy 💯 volume index 1.26 MFI 57.26 Caverton buy 💯 volume index 1.33 MFI 76.31 Courtville buy 💯 volume index 0.88 MFI 92.11 Eti buy 💯 MFI 63.47 Fbnh buy 💯 MFI 67.58 Fcmb buy 91% sell 9% MFI 57.90 Fidelity buy 💯 MFI 57.30 Ftn buy 💯 volume index 1.58 MFI 48.60 GTCO buy 0% MFI 33.65 Honyflour buy 75% sell 25% volume index 0.80 MFI 100.00 Jagold buy 0% MFI 29.59 Lvstk buy 82% sell 18% volume index 1.47 MFI 56.87 Mansard buy 0% volume index 0.81 MFI 24.60 Mben buy 💯 volume index 2.61 MFI 16.52 Nahco buy 💯 volume index 1.39 MFI 70.97 Oando buy 0% MFI 40.00 Prestige buy 💯 volume index 1.91 MFI 11.61 Regalins buy 💯 volume index 1.96 MFI 59.57 Sovrenins buy 0% volume index 2.87 MFI 21.47 Sterling buy 💯 MFI 26.96 Transcorp buy 0% MFI 57.62 Uba buy 0% volume index 0.86 MFI 19.11 Ucap buy 50% sell 50% volume index 1.02 MFI 58.58 UPDC buy 💯 volume index 2.19 MFI 72.46 Veritas ...

  “Courage taught me no matter how bad a crisis gets ... any sound investment will eventually pay off." ― Carlos Slim Helu Don't freak out over the inevitable setbacks that all investors face, especially during a crisis in the market. The market goes up, then down, then up again. Though it can be erratic at times, that's the gist of it. Seeing a significant sell-off or pullback shouldn't spook a trader who has a solid trading plan. Stay focused on the big picture. Be more cautious and methodical, but ride out the waves. If you give in and drop out, you've admitted defeat. If your investments' reasoning is sound, stay the course, and everything will eventually work out. Just be patient.

  Market Update for August 25 Equities’ trading activities on the Nigerian Exchange at the midweek was mixed but relatively quiet, as the NGX All-Share index continued its up and down movement in a ranging mode that signaled consolidation ahead of month-end in the midst of earnings expectation of the big banks and macroeconomic data that would reveal how the economy had fared so far, and also give insight into the future. Despite the seemingly directionless nature of the market, medium and low priced stocks like UPDC, Capital Hotel, Vitafoam, Honeywell, United  Capital, and others are breaking out resistance levels and making new 52-week high on improved volume and positive market sentiment, regardless of the low traded volume that shows the absence of institutional investors at the market arena at this point. Technically, when the NGX benchmark index or price action of a stock drops on a less than average traded volume as seen in recent trading sessions it suggests that large...

  OANDO HONEYWELL PHARMADEKO UCAP VITAFOAM UPDC ACCESS BANK CHAMS FIDSON HEALTHCARE PRESCO View the chart on our website link below; https://investdata.com.ng/10-strong-stocks-with-positive-momentum-chart-patterns-to-watch-as-q3-enter-the-last-month/

  Market Update for August 24 The seesaw movement continued on the Nigerian Exchange on Tuesday as the benchmark index edged up due to ‘buy’ interests in banking and manufacturing stocks that rebounded on expected earnings from interim dividend-paying banks’ just as oil recoup most of its losses in recent times, considering the approval of vaccines in developed economies. Tuesday’s buying sentiment halted two previous sessions of bear transition on a low traded volume and a slightly negative breadth in the midst of the somewhat indicators movement. The less-than-average traded volume revealed the absence of large players in the market. As the month gradually draws to an end and with all eyes on the results of first-tier banks and half-year GDP report from the National Bureau of Statistics (NBS), with the expected impact of the IMF’s $3.35bn SDR allocation to Nigeria which the CBN recently received to boost the nation’s external reserves and increase liquidity in the FX market to en...

  Get rid of that nervous energy so you can focus! There’s a direct relationship between vigorous exercise and stress management. How many times have you found yourself sitting… staring at your screen… instantly realizing that you’ve been sitting there for hours? Riding out that position? Fretting over an exit or even a loss? Get up! Move around! Go for a walk. Motion creates focus. Focus creates positive energy and clarity! Better yet, add an exercise element to your trading routine! Your health and your account will thank you!

  NGXASI buy 54% sell 46% MFI 66.53 Access buy 0% MFI 52.24 Afrprud buy 50% sell 50% MFI 30.97 Aiico buy 💯 MFI 18.84 Cadbury buy 0% MFI 56.85 Caverton buy 80% sell 20% volume index 0.83 MFI 41.75 Chams buy 💯 volume index 1.14 MFI 38.67 Chiplc buy 36% sell 64% volume index 2.42 MFI 36.44 Corner buy 67% sell 33% MFI 45.13 Courtville buy 💯 volume index 1.79 MFI 85.70 Custodian buy 💯 MFI 76.15 Dangcem buy 💯 MFI 81.63 Dangsugar buy 0% MFI 51.93 Eterna buy 💯 MFI 64.82 Eti buy 0% volume index 2.29 MFI 71.51 Fbnh buy 💯 MFI 63.88 Fcmb buy 71% sell 29% MFI 63.58 Fidelity buy 75% sell 25% MFI 51.49 Fmn buy 💯 volume index 0.85 MFI 35.14 Ftn buy 13% sell 87% volume index 1.43 MFI 46.18 Glaxo buy 💯 MFI 35.25 GTCO buy 29% sell 71% MFI 16.62 Honyflour buy 74% sell 26% volume index 2.82 MFI 93.71 Jaiz buy 0% volume index 1.18 MFI 24.27 Jagold buy 💯 MFI 46.14 Lasaco buy 💯 MFI 40.02 Learn buy 0% MFI 75.52 Linkass buy 40% sell 60% MFI 45.38 Lvstk buy 0% volume index 1.37 MFI 44.63 Mansard b...

  Hello Investors and Traders, I just posted Questions and Answers with Ambrose Omordion as at 21/08/2021.  Share with me what you think about the Video and don't forget to click on subscribe button so that you can be among the first to get the latest update.  https://youtu.be/8st9myf3j48 Ambrose Omordion

  Market Update for the Week Ended August 20 and Outlook for August 23-27 It was a mixed week of up and down movement on the Nigerian Exchange as the key performance index closed marginally lower on a low traded volume and positive market breadth, amidst the continued portfolio repositioning and sector rotation among investors and traders. This had propelled the seesaw movement that short-lived the positive outing seen in the previous week as sentiments and buying interests moved to medium cap and penny stocks with high upside potentials judging by upbeat earnings emanating from these companies supporting the share prices. Technically the broader market remained positive and strong as revealed by the multiple time frame and indicators such as the money flow index and other momentum indicators. The zig-zag chart pattern and the consolidation channel of the NGX index on the daily and weekly charts show that it is still seeking positive information and statement to trigger a breakout....