Invest Data Consulting Ltd

Photo clips from the Invest 2019 Investors and Traders Summit held on 8th December, 2018 a Ostra hall Ikeja, Lagos Nigeria.

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...

Investors Upbeat Amidst Hope Of More Financials, Position Taking Market Update for January 30 The nation’s equity market on Tuesday had a very volatile, but positive session as a strong follow-up of the previous up market. It appears that the back of the uptrend is strengthened by the expected earnings reporting season as actual numbers from service and consumer goods sector stocks were impressive and strong enough to support their prices. The composite Nigerian Stock Exchange (NSE) index opened the day lower, quickly gaping down in the early hours of the session, before rebounding between the mid-morning and midday. This move was sustained till the afternoon session to stay above the 20 and 50-Day moving averages and support the price rally, while keeping the trendline of wave 5 up on a huge volume. The rest of the day was spent in a mixed sentiment for end of month profit taking and balancing of the first month’s account by window dressing prices to close higher. At the en...

Photo Caption: From left, Bola Adeeko, Head, Shared Services Division, The Nigerian Stock Exchange (NSE); Ms. Darcy Zotter, Public Affairs Officer, United State Consulate General Lagos; Oscar Onyema, Chief Executive, NSE; John Bray, United States Consul General in Lagos; U.S Consulate Political and Economic Section Chief, Tat Osman Lagos, Nigeria, and Pai Gamde, Group Head, Human Resources, NSE during the Closing Gong Ceremony at the Exchange on Monday, January 29, 2018, in Lagos. United States Consul-General, F. John Bray, on Monday in Lagos, expressed his country’s deep commitment to the growth and development of Nigeria’s private sector and economy. Bray, who was at the Nigerian Stock Exchange (NSE) to perform the closing gong ceremony, said both the government and private sector of his country are committed helping Nigeria as it continues to seek new avenues of economic growth and development. The reason for this, he continued is not far-fetched, given that the “more Nige...

"By failing to plan then you are planning to fail". Yesterday, I was checking my outstanding goals for this year and I realized that I still have a lot to accomplish. Sincerely speaking, I didn't  achieve much this last year and some of my colleagues that I asked also didn't achieve their goals too year. How many times have you said to yourself, if only this had happened, or, if only I had done this or that, things would be different? The fact remains the same ... If you keep doing what you've been doing—you will get what you've always gotten which is why using last year's investment knowledge to make decision and expecting a different result is a DAYLIGHT DREAM Research has shown that most people spend their whole lives abandoning their dreams and pay attention to Social media, TV,  Sport bet, Ponzi Schemes or stuck on a point without making progress toward their goals. Did you know that only 3% of the world has set goals for themselves? ...

Market Update for January 23 Equity market on Tuesday recorded a very volatile movement to pullback in consolidation of the previous day’s correction on mixed sentiments and relatively high volume to kick off a wave 4 correction as profit taking persisted, especially in banking, Insurance and industrial goods stocks. In the process, the composite Nigerian Stock Exchange (NSE) All-Share index suffered a heavy downward pull during the trading session. A lot of the stocks in the financial and consumer goods sectors suffered huge losses due to the much envisaged profit takers activities. The day started out with a snap and a thrust to the downside in a morning session, when the index hit a low of 43,720.59 basis points, before reversing to touch high of 44,937.83 between the midday and afternoon, after which there was another pull back before the market closed the day lower at 44,389.85. Market technicals for the day were mixed and weak, despite the fact that the index remained i...

Barely hours after Monday’s announcement of a truce with Alhaji Dahiru Mangal, one of those who petitioned the Securities & Exchange Commission (SEC) against it, alleging various infractions, the board of Oando Plc, on Wednesday, announced the appointment of 58 year-old Alhaji Bukar Goni Aji, former Head of Civil Service of the Federation (HoSF), as a Non-Executive Director. Oando Plc informed the Nigerian Stock Exchange (NSE) that Emir Muhammadu Sanusi of Kano, had on January 7, brokered a peace deal between the company’s management and Mangal, leading to recognition of the aggrieved shareholder as a majority substantial stakeholder. Although the Wednesday’s statement signed by Ayotola Jagun, Chief Compliance Officer and Company Secretary, did not say the new board member will represent Mangal, but as part of the deal, it was agreed that the shareholder would present a nominee as non-executive director of Oando. According to the statement dated January 23, 2018, Alhaji ...

Market Update for January 15 It was another interesting trading session on the Nigerian Stock Exchange (NSE) on Monday. Not only was it mixed to start the week, the session was action-packed until the very last minute, when it turned from deep red to green as closing gong sounded, with the composite NSE All-Share index very firm, just as the technicals finished positive. Market breadth was however flat to reverse the previous d ay’s negative close arising from bouts of profit taking and panic selling by investors and traders. The session started with the index going south pre-opening, a situation that was sustained during the mid-morning as the benchmark index tested a low of 42,262.82 before starting a rebound that reduced the loss momentum at midday. It finally crossed to the green side in the afternoon session to retrace up, touching intraday highs of 43,119.44 basis points, and stayed ramped up all the way into the close. The recovery was supported appreciation in the sh...

The nation’s equity market rally extended its momentum on Monday to breakout 52 week resistance level of 39,656.53 basis points, hitting a new four-year high, recording the highest gain so far in the 2018 trading session, setting new intraday highs of 39,851.45 from a low of 38,908.12 on strong positive sentiments and buying pressure to continue its volatility. The market closed positively after consolidating the morning’s big early run-up, which the index consolidated pretty much most of the day as higher cap stocks recorded gains. It was however during the afternoon session it chalked most of the boom to start off the week on a strong note. Monday’s volatile trading session closed higher to consolidate the three straight days of bull-run on the strength of heavy accumulation of positions in all classes of stocks, whether low, medium or high caps which appreciated to boost the positive market breadth ahead of the upcoming major earnings reporting season. The season kicked off ...

Market Update for January 3 Trading on the floor of the Nigerian Stock Exchange on Wednesday remained very volatile, reversing previous day’s up market on the strength of losses suffered by highly capitalized stocks during the afternoon session as profit takers sold down their stake in Dangote Cement, Mobil Oil and Nigerian Breweries. Trading started with upside gap up which lasted till midday before gradually pulling back by the afternoon after touching an intraday high of 38,543.28 to close lower than its opening point at 38,187.28 due to market sentiments for high cap stocks that recently rallied. Market technicals was strong as volume increased, just as there was positive market breadth, indicating that players are taking position ahead of quarterly and full year numbers that are underway, especially the March accounts, where stocks like 7-Up, Honeywell Flour, Flourmills and International Brewery are expected to release their third quarter results this month. Numbers fro...

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 ...

Knowledge is power. Information is liberating. Education is the premise of progress, in every society, in every family... Kofi Annan Knowledge and action is really what differentiate you from other people. Just as food is good, energise, grow and keep the body healthy so also is knowledge for your mind. Furthermore, knowledge is what keeps our mind in good shape, it helps remove prejudice, bias and lower risk when taking decision inclusive of investment decisions which is why they always say that it is what we don't know that affects us. Similarly in stock, it is knowledge that helps you understand the current trends, models and systems that will help you get the best ROI and reduce the risk. Because things are changing fast and it is only through knowledge that you can change adapt fast. If you look indepth, knowledge about the market that was valid yesterday is no longer valid today which is why I get took my time to package my INVEST SUMMIT into a home study pac...

BudgIT, a civic tech organisation promoting increased standards of transparency, citizen engagement & accountability in Nigeria’s public finance, on Monday said it had discovered “suspicious and frivolous items’ buried in the 2018 Appropriation Act now under consideration at the National Assembly. The sum of all such suspicious items already discovered is about N73.3bn tucked in the budgets of the State House (Presidency), Ministries of Power, Works and Housing, as well as its Industry, Trade and Investment counterpart, DSS, Office of the National Security Adviser, among others. One of such suspicious items, to which BudgIT drew the attention of the National Assembly on its twitter handle is a vague N22.6bn voted for “Research and Development” by the Federal Ministry of Industry, Trade and Investment headquarters. It also seeks to know beneficiaries of a N19.3bn Export Expansion Grant (EEG) appropriated also for the same ministry and whether it does not conflict with the m...

Market Update for November 16 Nigeria’s stock market on Thursday continued its volatility as traders and investors digested effects of the Moody’s and MSCI Frontier Index review on the economy and market with the indicators turning from red to pale green as players took advantage of the pullback to continue their repositioning and rebalancing ahead of year-end seasonal changes, among others. Despite the weak market technicals, positive earnings surprising so far in the current financial year is likely to boost the market again as positive macro-economic indices continue to give direction. These alone would not however do the magic, as there is need for fiscal reform stimulus to drive recovery and growth needed to boost confidence and attract domestic and foreign investors. It is also expected that the quality of financial sector assets will improved if the government hastens its policies geared towards driving infrastructure development needed to boost economic activities there...