Invest Data Consulting Ltd

I want to express my sincere gratitude to all those who came to the Chart Summit not because they showed up but due to the fact that take burned all bridges of doubt and failure to attend. In addition, they also had fears and doubts about the recent changes in the stock market but they understood that it better they equipped themselves than to assume because they understand that plans fail for lack of counsel but with many advisers they will surely survive. For those that did not attend, I want to congratulate you too because all is not lost. I really understand why you did not attend which are normal things in our everyday life i.e -doubt, -inaction, -indecision, -procrastination, -comfort zone, -not willing to take risk,           - excuses, -low resistance -I know it all -you are already an expert -for the big boys it is too cheap. -no cash as at then. However, all is not lost because I will be releasing the USB of the Chart Summi...

AMIDST PORTFOLIO ADJUSTMENTS, INVESTORS, TRADERS TAKE PROFIT AHEAD OF SANTA CLAUS, YEAR-END RALLY Trading on the Nigerian Stock Exchange on Monday was an interesting, but mixed session after three straight day of a seeming bull transition as the week started on a negative note due to high selling pressure and low demand for stocks that was evident in the general financial market, with bonds closing on sell side and pushing yields marginally higher, while money market instruments like Treasury Billswere slightly bearish, due to tight liquidity amidst the sustained foreign exchange market intervention and sale of OMO by the Central Bank of Nigeria (CBN).  This circular flow of money is expected to continue in the financial market as capital looks for opportunity for better returns without losing sight of safety, with no major trigger for the equities’ market at a time the Q3 numbers are already available and the direction each company is tilted is known. More so, inv...

MARKET INDICATORS REMAIN FLAT, INVESTORS CONSOLIDATE POSITION, AWAIT FRESH BOOST Trading on the Nigeria Stock Exchange closed narrowly down on Monday to start the week as market players continued to interpret and digest the numbers posted by listed companies in the just concluded earnings season, while identifying those that really beat market expectation and analysts’ estimates.  The ongoing portfolio restructuring and balancing has created opportunities for short-term trading especially given that year-end sentiment and seasonal changes are underway, at a time impressive financials released continue to boost confidence in expectation of higher dividend in the full year earnings reporting season of 2018. The benchmark index on intraday gain broke out the psychological line of 37,000 to touch high of 37,014 from the 36,910.49 low before pulling back to close the trading session marginally lower from Friday’s level, despite the seeming range at the current resistance le...

Last week was a very busy one on the Nigerian Stock Exchange (NSE), with over 15 corporate earnings reports hitting the market, many of which were impressive numbers to which the market is yet to react in the form of price performance. The rush to present quarterly financials is based on the fact that figures for third quarter earnings are statutorily expected to hit the market before end of October 31, 2017, in line with the post-listing requirements of the NSE. The delayed response by the market may not be unconnected with the fact that this is a season of mixed sentiments as revealed by the low volume of trades, when compared to the previous week.  It is however expected that this earnings which beat market expectations will attract increased demand as investors and analysts interpret these numbers, given the importance attached to third quarter earnings score-cards, as they foretell the possible outlook for any company in equity investment and fiscal financial year ...

INVESTORS, TRADERS RETURN AHEAD Q3, YEAR-END POSITIONING, ECONOMIC DATA INFLOW The nation’s stock market had a positive, even if volatile Monday to start the week in consolidation of the three trading sessions of up market as earnings speculation trading which had commenced earlier entered top gear with hope of more numbers hitting the bourse in the coming days. The first banking sector earnings report was made available by the directors of United Bank for Africa Plc during the session, giving an insight into the kind of third quarter reports that traders and investors should expect from its peers, especially the first tier stocks. The day opened slightly up before having back and forth movement by the mid-morning trading as it searched for intraday direction until midday when highly capitalized stocks appreciated in value amidst continued positioning ahead of their nine-month numbers. As a result of this, there was an increased demand for banking, consumer goods, agribu...

INVESTORS POSITION, TAKE PROFIT, LOOK TO EARNINGS SEASON, ECONOMIC DATA FOR DIRECTION The stock market on Thursday had a volatile and mixed performance to slightly reverse two trading sessions of a down market that had been on sideways trending range, before closing higher. The NSE benchmark index opened the day lower, and then rallied marginally in the mid-morning till afternoon as the intraday high of 36,732.24 remained the new resistant to breakout for new trend  to be ushered in in this recovery market and economy, especially when the Q3 corporate earnings reports that will further boost market fundamentals is around the corner. Add this to the September inflation figure and Q3 GDP numbers which will further reveal the health status of the Nigerian economy that is underway, as government still continues. It is also unfortunate that the promise  has at this point in time continue to promise that it would release funds to implement capital projects in 2017 bu...