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NSEASI buy 18% sell 82% volume index 1.25 MFI 79.51 Access buy 14% sell 86% volume index 1.02 MFI 50.60 Afrprud buy 0% volume index 10.65 MFI 91.28 Aiico buy 💯 volume index 1.36 MFI 37.28 Custodian buy 0% MFI 40.11 Dangcem buy 💯 volume index 0.74 MFI 58.69 Dangflour buy 91% sell 9% volume index 2.13 MFI 86.08 Diamond buy 74% sell 26% volume index 3.50 MFI 60.06 Eterna buy 0% volume index 3.25 MFI 57.35 Eti buy 💯 MFI 74.35 Fbnh buy 0% volume index 0.86 MFI 56.20 Fcmb buy 93% sell 7% volume index 1.27 MFI 67.23 Fidelity buy 42% sell 58% volume index 2.48 MFI 37.42 GT buy 44% sell 56% MFI 80.25 Honyflour buy 💯 volume index 0.82 MFI 73.74 Jaiz buy 💯 MFI 71.29 Japaul buy 50% sell 50% volume index 0.81 MFI 84.87 Oando buy 0% volume index 1.32 MFI 77.52 Sovereins buy 0% MFI 77.18 Sterling buy 💯 volume index 1.37 MFI 71.94 Transcorp buy 22% sell 78% volume index 0.84 MFI 63.10 Uacn buy 0% volume index 1.56 MFI 61.53 Uba buy 0% MFI 73.50 Ubn buy 💯 volume index 1....

Photo Caption: From left, Bola Adeeko, Head, Shared Services Division, The Nigerian Stock Exchange (NSE); Ms. Darcy Zotter, Public Affairs Officer, United State Consulate General Lagos; Oscar Onyema, Chief Executive, NSE; John Bray, United States Consul General in Lagos; U.S Consulate Political and Economic Section Chief, Tat Osman Lagos, Nigeria, and Pai Gamde, Group Head, Human Resources, NSE during the Closing Gong Ceremony at the Exchange on Monday, January 29, 2018, in Lagos. United States Consul-General, F. John Bray, on Monday in Lagos, expressed his country’s deep commitment to the growth and development of Nigeria’s private sector and economy. Bray, who was at the Nigerian Stock Exchange (NSE) to perform the closing gong ceremony, said both the government and private sector of his country are committed helping Nigeria as it continues to seek new avenues of economic growth and development. The reason for this, he continued is not far-fetched, given that the “more Nige...

• Sustaining ongoing Reforms Key To Enhancing Confidence PriceWaterhouseCoopers, an international firm of external auditors, consultants and advisors, last week hinted of a dire need to significantly develop and increase the depth of the Nigerian capital market, measured as a percentage of its gross domestic products (GDP). In the January 22, 2018 edition of its publication Nigeria Economic Alert, titled “External Debt Issuance: Towards Capital Market Development,” co-authored by Andrew S. Nevin (PhD) and Adedayo Akinbiyi, PwC noted that Nigeria’s capital market is just 11% of its GDP , which is significantly below the world average of 98.5% in 2016, outperforming fellow African nation- Egypt’s 9%. According to the report, Nigeria’s came far behind South Africa’s capital market at 334% of its GDP; which was far better than 136% for India; 63% for China; and Russia’s 49%. Responding to a mail by Investdata at the weekend, Dr. Nevin explained further that in terms of total...

Before now many investors think of dividend paying stocks as boring, offering low return on investment, compared to high flying penny stocks, whose volatility can be pretty exciting, with those who know how to successfully ride on them making a kill. However, dividend paying companies are usually more mature and predicable, a situation some may consider dull, the combination of a consistent dividend and a rising stock price can offer earnings that are potentially powerful enough to be excited about. Things to know with regards to dividend growth would include a high dividend yield. Understanding how to estimate dividend paying companies can give some insights into how dividends can boost returns on investment, especially if reinvested. A common perception is that a high dividend yield indicates that the dividend paid is a fairly high proportion of return on the stock price and the most important measure. However, yield that is considerably higher than that of other stocks in a...

This year’s World Economic Forum Annual Meeting comes at a time of good news for the world economy. As we said in this month’s Global Economic Prospects report, for the first time since the financial crisis, the World Bank is forecasting that the global economy will be operating at or near full capacity. We anticipate growth in advanced economies to moderate slightly, but growth in emerging markets and developing countries should strengthen to 4.5% this year. Global growth is good news for the fight to end poverty and boost shared prosperity around the world. But there are a few things we’re seeing that keep me up at night. First, aspirations are rising all over the world. Nearly everywhere I travel, I see people on smartphones – and thanks to the internet and social media, those people can see how everyone else lives. Our research suggests that as people access the internet, their reference income – the income to which they compare their own – begins to grow, leading to rising...

Market Update for January 23 Equity market on Tuesday recorded a very volatile movement to pullback in consolidation of the previous day’s correction on mixed sentiments and relatively high volume to kick off a wave 4 correction as profit taking persisted, especially in banking, Insurance and industrial goods stocks. In the process, the composite Nigerian Stock Exchange (NSE) All-Share index suffered a heavy downward pull during the trading session. A lot of the stocks in the financial and consumer goods sectors suffered huge losses due to the much envisaged profit takers activities. The day started out with a snap and a thrust to the downside in a morning session, when the index hit a low of 43,720.59 basis points, before reversing to touch high of 44,937.83 between the midday and afternoon, after which there was another pull back before the market closed the day lower at 44,389.85. Market technicals for the day were mixed and weak, despite the fact that the index remained i...

Barely hours after Monday’s announcement of a truce with Alhaji Dahiru Mangal, one of those who petitioned the Securities & Exchange Commission (SEC) against it, alleging various infractions, the board of Oando Plc, on Wednesday, announced the appointment of 58 year-old Alhaji Bukar Goni Aji, former Head of Civil Service of the Federation (HoSF), as a Non-Executive Director. Oando Plc informed the Nigerian Stock Exchange (NSE) that Emir Muhammadu Sanusi of Kano, had on January 7, brokered a peace deal between the company’s management and Mangal, leading to recognition of the aggrieved shareholder as a majority substantial stakeholder. Although the Wednesday’s statement signed by Ayotola Jagun, Chief Compliance Officer and Company Secretary, did not say the new board member will represent Mangal, but as part of the deal, it was agreed that the shareholder would present a nominee as non-executive director of Oando. According to the statement dated January 23, 2018, Alhaji ...

WHY FUNDAMENTALLY SOUND STOCKS, AMIDST IMMINENT EARNINGS RELEASE, PROFIT TAKING Equity prices and market indexes continued to galloped higher over the first three trading weeks of the year despite the profit booking and concerns for correction before the 2017 dividend declaration earnings reporting season that will earnestly kick off any moment in February while March year-end account Q3 earnings reports are underway as the first month of 2018 is gradually drawing down.  The state of these Q3 numbers will determine if the tested 45,000 psychological line resistance  breakout will be sustained or trigger the pullbacks that have been expected from different quarters which they say it will confirm the healthiness of the bullish market. Despite this expected correction, the market had continue to ride on strong  wave 3 or 5 extension wave depending on how you are reading the waves with index and volume intact looking up no diversion yet as at last week.  ...

The management of Vitafoam Nigerian Plc recently presented its full year-audited report for the period ended September 30, 2017 to the investing community slightly later than the release date for that of 2016, coming below market expectation as it revealed bigger loss than in the corresponding period. The company’s unstable quarterly recovery during the financial year under review finally resulted in a loss, despite the Q1 earnings per share of 6 kobo that graduated to 25 kobo by second quarter, before sliding to 16 kobo at Q3 and thereafter a 12 kobo Loss per share, making it two consecutive years of red numbers. Despite these negative numbers the company has continued to reward its shareholders by going into the reserve, a development that is not healthy for the company and shareholders, regardless of the fact that operating cash flow turned N1.61bn positive from a N2.36bn negative position in 2016. The company’s post-merger, expansion outside Nigeria and the introduction ...