Invest Data Consulting Ltd

NIGERIAN MARKET REBOUNDS, BUT REMAINS WEAK, VOLATILE AS INVESTORS WATCH FOR DIRECTION As envisaged, the Nigeria stock market index on Wednesday closed higher, despite the mixed session and technical, halting three trading sessions of bear-run as volatility continued.   In the morning hours, the composite index had a little bit of up movement, but came down as market went into the midday and rallied back by afternoon powerfully to touch the intraday high of 35,207.89 thereby breaking out the psychological line of 35,000 again from the day low of 34,729.78 on a volume below the trading average. It was a very significant rise that took the index above the recent resistant level of 35,005.57, which was a very sharp retracement. Just as we mentioned in our update for Wednesday, the reduction in the losing magnitude of the market will usher in rebound with volume traded gradually looking, even if it came down on Thursday. The market breadth tightened in a ratio that is a...

Slow Down In NSE Indicators’ Decline, As Investors Position Ahead Of Q3, Full Year Numbers Trading volatility on the floor of the Nigerian Stock Exchange continued on Tuesday as the market closed lower for the third consecutive day as cautious trading persisted with volumes traded which tracks behavioral pattern or sentiments of traders and investors lower than market average, especially in recent time. We have seen this pattern multiple times over the last few weeks. Notice that within the past three trading sessions however, the market’s losing magnitude have been dropping with volume transacted gradually looking up as we expect increase in volume and  volatility in the remaining days of the month, going into the last quarter of the year. Also, the market is anxiously awaiting the return of speculators by this month end ahead of Q3 earnings season in October and as well as the outcome of the Monetary Policy Committee (MPC) meeting that is scheduled for September 25 and ...

Nigeria equity market on Thursday had a very interesting session, even as the volatility witnessed over the past days continued. It gapped down in the early hours of the day’s trading only to rebound at mid-day, closing higher on positive sentiments that reflected on improved demand for stocks after four straight days of pullbacks as a result of profit booking and expectations for Q2 numbers of quoted companies by investors. The day’s trading volume index stood at 0.36 on a buying position of 100%, while selling volume was 0% of the total volume traded. We can see that the market is resisting breakdown at the support level of 32,000. However,the decline in volume at this point makes the whole things unclear, but then, let see what happens on Friday, being last trading day of the week. The market uptrend reversal on Thursday was driven by positive sentiments for banking stocks, especially the interim dividend paying ones in expectation of better numbers as second quar...

The board of 7-Up, the only listed soft drinks bottling company on the Nigeria Stock Exchange (NSE), recently released its full-year earnings report for the period ended March 31, 2017 to the investing community in line with its post-listing requirements. To enable investors plan and forecast their investment, the company has in the past five years has become regular in releasing its numbers within the stipulated time frame. The 2017 full-year numbers revealed a mixed performance as the top line moved northward while the bottom turned red from profit in the comparable year. The high financing and cost of sales have served as a major factor of earnings volatility for Fast Moving Consumer Goods (FMCG) in recent times amidst higher debt balances on a number of balance sheets due to the high cost of production which has robbed on 7-Up. This was also despite the growth in sales revenue to show that its market share or segment is still expanding but high of operation has eaten u...