Invest Data Consulting Ltd

January market Review and Outlook The 2017 bull-market on the Nigerian Stock Exchange (NSE) extended to the first month 2018, defying what had come to be known and accepted as the “January effects,” a coinage that resulted from the fact that the month had repeatedly closed in red a investors were believed to besiege the market for funds to settle pressing demands after the December spending spree. At the close of trading for the month of January 2018, the composite NSE All-Share index record a 15.95% gain, the highest over the past two decade, according to data mined by Investdata Consulting Ltd. The significant gain is attributable to the renewed local and international investor confidence in the Nigerian market, arising from the undervalued nature and the intrinsic value inherent in most stocks on the bourse. Recall that the NSE had suffered a three-year back-to-back string of losses, before the 2017 rebound, just as the economy also recovered from the 2016 recession after 2...

http://investdata.com.ng/2018/01/investdata-price-earnings-tracking-week-ended-jan-19-2018/

http://investdata.com.ng/2018/01/investdata-price-earnings-tracking-week-ended-january-5-2018/

SUSTAINED VOLATILITY AS INVESTORS TAKE PROFIT, REPOSITION FOR EARNINGS SEASON The first trading session of 2018 was highly volatile, closing positive after opening with sharp gap down that lasted till midday, recording almost 549 basis points’ decline before it rallied back by the afternoon on the strength of price appreciation of some stocks, as traders and investors began taking position ahead of early filer reports likely to hit the market this month. This was especially the case for companies billed to file their third quarter earnings for March year end accounts, while December full-year accounts are underway, especially from Forte Oil, Nigerian Breweries, United Capital and Nestle, which results are expected to be in the market latest in February, given that their accounts do not require approval by a primary regulator like the banks and their insurance cousins. The January effects may not be much this year as market structure had changed with more foreign investors ...

Market Update for December 21 Trading on the Nigeria Stock Exchange had an up-market on Thursday to consolidate mid-week reversal move on a strong volatile retracement to finish the session higher on a good and positive technicals that signaled traders taking position for end of the year rally after the market had pullback before now. With the increasing number of institutional and foreign players in the market ahead of full year earnings reporting season, the possibility for down market is slim due to change in market holding structure of less retail players that will be selling to meet personal needs for the new year. On this note January effect will be subject to market forces, as volatility continue in 2018 but let the numbers posted for third quarter guide your positioning for dividend income as higher payout is likely to come with 2017 full year earnings reports. Trading started with a disappointing gap down and continued through the mid-morning to midday but retraced up ...

MARKET UPDATE FOR DECEMBER 14, 2017 It was a difficult trading session on the Nigeria Stock Exchange on Thursday, as market indicators declined further on a highly volatile mode to consolidate the losing streak that almost wiped out all of the gains recorded month-to-date, due to massive profit taking in blue chip stocks that almost triggered panic among retail investors. Considering what the market had done in terms of performance year-to-date especially, profit taking is not unexpected also given that it is an integral aspect of stock trading and investing. Trading activities for the day started out with a little pop to the downside, reaching intraday lows of 37.840.14, breaking down the psychological line of 38,000 and strong support level of 38,241.45 from the day’s high of 38,539.91 on below recently traded market average volume.  The index had actually formed bear wedge, despite reducing the losing streak to close the day at 37,933.70 which was also lower than ...