Invest Data Consulting Ltd

U.S President Donald Trump, on Monday took to his personal twitter handle- @realDonaldTrump. This time, it was to count the gains his November 8, 2016 election has brought to America and Americans. According to him, “the U.S. has gained more than 5.2 trillion dollars in stock market value since Election Day!” Since the Election Day, he also noted, the U.S. stock market has risen by over 25%, just as “unemployment is at a 17-year low and companies are coming back to U.S.” http://investdata.com.ng/2017/10/trump-blows-trumpet-says-u-s-better-since-2016-election/#more

MIXED WEEK AHEAD, AMIDST PROFIT TAKING, AS INVESTORS DIGEST ECONOMIC DATA Trading in Nigeria’s equity market over the past week experienced strong volatility on mixed sentiments as profit taking prevail in the first two trading sessions despite positive economic data but closed higher as investors repositioned in equities that are pulling back in view of the impending Q2 earnings reporting season expected to kick-off in July. There is also the implementation of the 2017 budget signed into law by Acting President Yemi Osinbajo, billed to begin soon . The 2017 budget is further expected to enhance the second leg by way of fiscal reform stimulus as contained in the Economic Recovery and Growth Plan (ERGP) that would go a long way to support the monetary policies of the Central Bank of Nigeria (CBN), particularly its regular intervention in the nation’s foreign exchange market. These have so far helped to drive Nigeria’s economic recovery to this time, with economic data alr...