Invest Data Consulting Ltd

  Market Update for January 26 Nigeria equities and the benchmark index extended its rally at the midweek after the Monetary Policy Committee members voted unanimously to leave all monetary policy instruments unchanged at the end of Tuesday on strong buying interests in telecoms and banking stocks. These pushed the market to close higher on improved traded volume, as market breadth was at equilibrium. The volatility and mixed sentiment recorded on Wednesday were as result of demand for dividend paying stocks by investors, whereas traders were cashing out profits in positions that soared on January effects rally so far, as more companies notified the exchange of their board meetings and closed periods during the session. Also, the first set of unaudited full-year earnings report from a commercial bank and transport service provider hit market with positive numbers. FCMB released its earnings report that was flat, with gross earrings of N208.53bn, up by 4.56% from N199.44bn, and profit a

  NGXASI buy 61% sell 39% volume index 1.07 MFI 76.41D Access buy 💯 MFI 72.12D BUACMT buy 0% volume index 1.56 MFI 60.25D Cadbury buy 0% volume index 6.12 MFI 28.84D Chams buy 50% sell 50% volume index 3.09 MFI 71.82U Eti buy 💯 volume index 3.24 MFI 83.45U Fbnh buy 0% MFI 58.39D Fcmb buy 💯 volume index 0.96 MFI 49.21D Fidelity buy 75% sell 25% volume index 1.60 MFI 85.36U Ftn buy 💯 MFI 20.08D GTCO buy 💯 volume index 2.96 MFI 21.04D HFM buy 💯 volume index 1.20 MFI 44.18U Jaiz buy 💯 MFI 81.56U Linkass buy 0% volume index 2.30 MFI 40.10D Lvstk buy 0% volume index 1.12 MFI 70.26U Mben buy 50% sell 50% volume index 6.38 MFI 21.61D MLTVS buy 50% sell 50% volume index 26.82 MFI 100.00 Nahco buy 💯 volume index 1.67 MFI 76.33D Neimeth buy 0% volume index 2.66 MFI 30.37D NGXGR buy 75% sell 25% volume index 0.91 MFI 54.37D Npf buy 💯 volume index 7.73 MFI 84.45U Oando buy 44% sell 56% volume index 2.42 MFI 44.02D Sovrenins buy 50% sell 50% MFI 29.31U Sterling buy 💯 volume index 2.02 MFI

  Market Update for January 25 Tuesday’s rekindled buying interest on the Nigerian Exchange halted the previous session’s negative outing as the key performance index inched up to close higher on low traded volume and positive market breadth. It is noteworthy that the outcome of the year’s first Monetary Policy Committee meeting is in line with market expectation, as earlier predicted by Investdata and other financial analysts. We believe that it is still too early to hike rates in an economy that is in recovery, with less inflow of foreign capital over the past two years, in the face of rising economic uncertainties around the globe and locally. The retention of monetary policy instruments unchanged is part of efforts to manage inflation and support economic expansion. The demand and positive sentiment for blue-chips and dividend paying stocks supported the marginal recovery recorded at the close of Tuesday’s trading, as more companies notified the investing public of their board meet