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 · ...

The nation’s stock market on Thursday was highly volatile to close lower on improved technical indicators that are yet to confirm direction as market sentiment remained mixed as shown by  the volume index of 1.70, with buying position of 21%, and 79% selling volume of the day’s transaction to halt the  previous day up market. The index had an oscillating session with little growth as the trading opened, then a sharp rally in the midday to intraday high of 35,411.85 from the day low of 35,128.03, but then pulled back in the afternoon to finish slightly negative for the day on a very high volume with first positive market breadth in the five trading sessions. This high volume was driven by transaction in Guaranty Trust Bank with 171.82 million shares valued at N6.70 billion to close at N38.95. Just as we mentioned in our update yesterday, the market breadth turned positive to strengthen market technicals with high volume but yet to confirm re...

Nigeria’s stock market started the week weak as revealed by poor  technical  that consolidated the previous day downtrend. The pre-market open was full of mixed expectations from participants at INVESTDATA seminar held in Abuja over the weekend where investors were taught how to protect their portfolio and profit from market correction as the government is yet to make any form of economic reform policy pronouncement or action that will give support to the recovery economy as statistics figure from the NBS indicated that the nation is out recession, which investors and ordinary man on the street are expecting to see action that will propel growth, knowing that the seeming growth in Q2 was driven by CBN intervention and sustainability is shaking as the fiscal authorities had gone to sleep leaving the whole system in the state of confusion that is gradually building confidence problem again in the market and the economy as 2017 budget implementation style is poor and ...

MARKET UPDATE FOR JUNE 14, 2017 Trading on the floor of the Nigerian Stock Exchange on Wednesday was volatile, opening with the index sliding down, before moving up to close higher due to the increasing demand for stocks thereby halting the two-day profit taking, especially in banking and petroleum stocks. The day’s rebound was driven by interest in banking and agribusiness stocks, at a time investors continue to focus on maximizing returns on investment, while looking forward to the Federal Government’s implementation of the 2017 budget, especially the 30% of N7.44tr earmarked for capital projects, which would be paid to contractors through the banks. The government is also investing seriously in the agricultural sector as part of efforts to ensure food security in the country, while checking the food crisis in the insurgency plagued North-East Nigeria, where Acting President Yemi Osinbajo recently lead the Federal Government’s effort to distribute about 40,000 metric ton...

The nation’s equity market is again in a dicey situation that calls for cautious trading, as the Nigerian Stock Exchange (NSE) composite All Share Index broke-out the 2016 strong resistant level of 31,071.25 basis points on a huge volume of trade to attain a new 52-week high of 31,371.63,reflecting the strong demand for stocks. This has expectedly pushed some equity prices above their 52-week, two, three, four years and even five-year highs to reveal the level momentum currently running in the market. From the above graph, you would discover that the index had formed a cup that not only supports, but confirms a reversal from the previous down trend the market experienced before now to this uptrend that shows recovery after three years of down markets. A breakout of the rising channel will take the market to psychological line of 33,000 before pullback, despite the expected time to time profit taking. As the week’s trading activities ended on Friday, we observed s...