Invest Data Consulting Ltd

Investdata Consulting Limited will on December 9, 2017 host another edition of its one-day annual Traders and Investors’ Summit to look once again into the investment opportunities presented by the coming year, looking at the current economic and market fundamentals as a basis for forecasting what the coming year holds for investors and investments. At the last edition, held on December 3, 2016, the attention of participants were called to 10 “RECESSION-PROOF” Stocks and likely honey-pots in this ongoing year at a time the market was still in red and investors where edgy as to what 2017 holds. Those who attended the summit would remember the following 10 suggested stocks: ·          United Capital Plc ·          United Bank for Africa Plc ·          Dangote Sugar Plc ·          Zenith Bank Plc · ...

NSE INDICATORS SEEK DIRECTION, AS VOLATILITY, PORTFOLIO REBALANCING, PROFIT TAKING LINGER The stock market on Thursday was lower on a mixed session that was volatile as traders took profit from short positions in rebalancing their portfolios and positioning. The mixed sentiments followed the indifference among market players to the N8.6tr 2018 budget estimates submitted to the National Assembly and the downgrade of Nigeria’s sovereign rating by Moody’s. The seemingly weak speculation at this point should not shake you out of position as major factors to force prices to another lower lows are currently absent in the market except for market sentiment to different news or policy statements and action of the government or its agency. The smaller the range, the less the volume, the higher the possibility that the uptrend will continue since the recent strong resistance level have been broken, waiting for more volume for continuation of uptrend. The retention of Nigeria in the MSCI ...

INVESTORS UNDERTAKE MONTH-END PORTFOLIO RE-BALANCING, CRUNCH EMERGING ECONOMIC, COMPANY DATA Nigeria’s stock market on Thursday had a sloppy, but mixed session that continued to be highly volatile owing to month-end activities as investors watch out for economic date for direction. The mixed session was also despite the influx of more impressive earnings reports, as market indicators closed lower as traders booked profit after the few day of relatively weak rally, while cashing out capital gains in some stocks that had appreciated so far in this season. The market, nonetheless, remained within the bullish channel and above 20DMA but on a border line of breaking down the lower line of the channel and the moving average which will be a function of market forces this morning as trading opens. Should the earnings surprises continue and more of better numbers are released the bearish sentiment that reached 61% on Thursday would expectedly change. Thursday started out with a...

NSE INDICATORS REMAIN RED AMIDST CAUTION, UNCERTAINTY AMONG INVESTORS Nigeria’s stock market suffered another loss on Monday to kick start the last full week of October and the peak of the third quarter earnings reporting season, which has so far failed to fuel stock prices despite financials that beat expectations which may not be divorced from the fact that many market players lack the funds needed to trade the season. This reflected in the decline in participation by domestic players who hold 34.94% stake in the market, whereas foreign investors’ stake has risen in September to 65.06%. We all know foreign investors are selective and play in few stocks, besides the fact that they do not just increase their position or sell down until proper analysis of the latest numbers are carried out. This is why we believe value investors and traders in strong and fundamentally sound companies should not rush for the exit door in panic, but adjust their waiting period and keep ...

DANGCEM, ZENITH Q3 NUMBERS INSPIRE CAUTION, AS NIGERIAN BOURSE IN SEARCH OF DIRECTION It was yet another highly volatile trading session on the Nigerian Stock Exchange on Thursday, just as activities were mixed following which the benchmark All-Share index gyrated in a north and south movement and finally closed the day marginally higher. There was however an improved buying pressure, despite the low volume traded with a flat market breadth that revealed indecision on the part of market players which slowed down the profit taking as more earnings hit the market with impressive numbers. The day started out with a slight movement down to the support level in the mid-morning, before rallying at midday, as demand for healthcare, consumer goods and banking stocks increased after Dangote Cement and Zenith Bank released their Q3 earnings reports that beat expectations. Dangote Cement and Zenith Bank reported Q3 Earnings Per Share (EPS) of N11.30 and N4.11 respectively, improving ...