Invest Data Consulting Ltd

NSEASI buy 85% sell 15% volume index 1.58 MFI 57.79 Access buy 0% volume index 1.38 MFI 28.02 Dangote Cement buy 71% sell 29% volume index 5.76 MFI 43.58 Diamond buy 💯 volume index 2.69 MFI 83.26 Fbnh buy 💯 MFI 56.38 Fcmb buy 50% sell 50% volume index 8.24 MFI 19.73 Fidelity buy 25% sell 75% volume index 0.71 MFI 65.02 Fmn buy 0% MFI 40.85 GT buy 67% sell 33% volume index 1.02 MFI 41.96 Hmarkins buy 💯 MFI 2.32 Japaul buy 0% volume index 2.64 MFI 31.64 Lasaco buy 💯 volume index 2.48 MFI 56.81 Lawunion buy 💯 volume index 1.79 MFI 58.48 Oando buy 0% MFI 57.17 Transcorp buy 💯 MFI 61.10 Uacn buy 0% volume index 3.74 MFI 85.46 Uba buy 💯 MFI 17.04 Ucap buy 💯 volume index 1.13 MFI 62.76 Wapco buy 50% sell 50% volume index 2.57 MFI 13.20 Wapic buy 75% sell 25% volume index 2.85 MFI 88.84 Wema buy 0% volume index 1.05 MFI 61.96 Zenith buy 0% volume index 1.23 MFI 42.81

Market Update for February 7 At the end of midweek’s trading session, Nigeria’s stock market had a volatile, but mixed session to close south in continuation of its three consecutive days of correction, a signal that reversal is imminent, after the benchmark index gapped in the upside at the early trading hours to intraday highs of 43,921.17 and lows of 43,534.71 points. The market’s mid-morning rally resulted from bargain hunters trying to take advantage of low prices to position. Price depreciation recorded by Dangote Cement and Nigerian Breweries, the NSE’s two biggest stocks by market capitalization by the afternoon session finally pushed the market downward on low volume and negative breadth. With the ongoing market shakeout gradually coming to end ahead of the earnings reporting season, investors should focus on companies with juicy profit margins and strong balance sheets that will rebound powerfully after their dislocation from this correction wave. The sell down has ...