Invest Data Consulting Ltd

Market Update for August 28 Stocks on the Nigerian Stock Exchange at the midweek struggled to recover ahead of month-end window dressing, as the nation’s economic situation and waning investor confidence continue to reflect by way of persistent profit-taking, just as the recent attempt at a rebound is weighing on buying interest. Investors have their gaze fixed on the expected economic policies to be churched out by the new Federal Executive Council, implementation of the 2019 budget and the all-important Q2 GDP report by the National Bureau of Statistics (NBS) for direction, as the month of August comes gradually to an end. The session’s mixed sentiment supported the benchmark NSE All-Share index as it closed marginally positive on the strength of increasing demand for shares of telecommunication giants- MTN Nigeria, as well as stocks in the industrial, insurance and oil/gas sectors. Despite the continued profit-taking in the banking and consumer goods stocks, the prevailing l...

Market Update for August 27 Trading on the Nigerian Stock Exchange (NSE) remained bearish for the second consecutive day after a failed attempt at the rebound. Tuesday’s was yet another very volatile and mixed session that confirmed the failed bear rally as the key performance index, the NSE All-Share could not follow through on the fourth day, just as the intraday low has been undercut on an increased volume of trade. Given that effect of the seemingly positive news of a new cabinet has been halted at the beginning of the week, investors are looking to the release of Nigeria’s Q2 GDP, a major macroeconomic data, sometime next week. The GDP data will, nonetheless, confirm what the nation’s stock market has been signaling- that all may not be well with the economy after all. Also, the month of August is gradually drawing to a close, just as fixed-income yields are on the rise, due to foreign investors offloading their positions, leading to the ongoing price drops in the fixed inco...

Market Update for August 26 The last full trading week of the month of August on the Nigerian Stock Exchange (NSE) which started Monday was yet another mixed session on a negative note, signaling a failed bear rally. This was, however, earlier foreshadowed on Friday, when the market’s gaining momentum witnessed a slowdown, with a Monday’s volume traded declining sharply on mixed sentiments. A confirmation of this failed rebound will, however, depend on today’s market forces, because the intraday low is yet to be undercut. Rebound or recovery is said to sustain when the composite index follows through on four or more days after a rally attempt. The first two or three days of the rally are normally disregarded, given that its success has not yet been proven to follow through with power and conviction. A follow-through day occurs when at least one of the major indexes makes a large percentage gain on higher volume traded which should generally be in the region of 2% or more. All...

NSEASI buy 15% sell 85% volume index 0.73 MFI 36.15 Access buy 67% sell 33% MFI 47.22 Chams buy 💯 volume index 1.35 MFI 42.86 Continsure buy 0% volume index 1.81 MFI 40.10 Dangcem buy 💯 volume index 1.00 MFI 33.06 Dangsugar buy 0% volume index 1.63 MFI 28.22 Eti buy 💯 volume index 0.97 MFI 65.43 Fbnh buy 67% sell 33% MFI 41.53 Fcmb buy 0% MFI 64.27 Fidelity buy 💯 volume index 0.92 MFI 34.62 Fo buy 0% volume index 5.48 MFI 35.57 GT buy 45% sell 55% MFI 45.25 Jaiz buy 💯 volume index 2.29 MFI 26.19 Nestle buy 💯 volume index 2.89 MFI 92.00 Oando buy 0% MFI 39.35 Sovereins buy 💯 volume index 5.02 MFI 99.96 Transcorp buy 0% volume index 1.88 MFI 69.87 Uacn buy 75% sell 25% volume index 0.74 MFI 67.42 Uba buy 33% sell 67% volume index 1.10 MFI 70.34 Wema buy 💯 volume index 0.71 MFI 48.24 Zenith buy 💯 volume index 0.80 MFI 55.53

https://investdataltd.blogspot.com/2019/08/corporate-actions-as-at-friday-august_25.html

https://investdata.com.ng/2019/08/corporate-actions-as-at-friday-august-23-2019/#more

Market Update for the Week ended August 23 and Outlook For 26-30 Mixed and yet volatile trading is becoming the norm, rather than the exception on the Nigerian Stock Exchange (NSE) in recent times. This was, once again, the dominant theme on the bourse last week as the NSE’s composite index closed for the week higher as a result of the dominant low price attraction after recording a huge decline which now ranks it among the worst-performing markets across the world. The index, however, turned positive last week, on the back of last week’s inauguration of the new cabinet and assignment of portfolios to the ministers by President Muhammadu Buhari for his second four-year term. Buying interests among market players were triggered across all classes of stocks that suffered huge losses, reflecting on all market indexes as they closed positive, except for the NSE Insurance that was in red owing to profit-taking in major insurance companies. Added to this was the fact that investors wer...

NSEASI buy 95% sell 5% volume index 0.91 MFI 21.18 Access buy 💯 volume index 1.07 MFI 49.27 Afrprud buy 89% sell 11% MFI 37.45 Aiico buy 57% sell 43% MFI 48.06 Cadbury buy 💯 volume index 0.86 MFI 55.41 Cap buy 💯 volume index 1.30 MFI 0.00 Caverton buy 0% volume index 1.78 MFI 21.76 Ccnn buy 💯 MFI 66.73 Chams buy 💯 MFI 36.08 Chiplc buy 0% MFI 44.85 CIleasing buy 💯 MFI 8.99 Conoil buy 0% volume index 1.16 MFI 34.50 Continsure buy 0% volume index 1.65 MFI 50.20 Custodian buy 91% sell 9% MFI 27.58 Cutix buy 93% sell 7% volume index 0.75 MFI 31.70 Dangcem buy 44% sell 56% volume index 0.94 MFI 45.43 Dangflour buy 56% sell 44% volume index 0.83 MFI 83.12 Dangsugar buy 80% sell 20% volume index 1.13 MFI 11.71 Eterna buy 💯 volume index 4.79 MFI 68.90 Eti buy 95% sell 5% volume index 4.64 MFI 31.75 Fbnh buy 47% sell 53% volume index 1.74 MFI 21.03 Fcmb buy 72% sell 28% MFI 58.15 Fidelity buy 92% sell 8% volume index 0.74 MFI 47.30 Fmn buy 70% sell 30% volume ind...

Market Update for August 20 The Nigerian Stock Exchange (NSE) All-Share index failed to confirm previous day’s rebound, amidst volatility and mixed trading that dominated Tuesday’s session with the composite All-Share index closing lower on a low traded volume. This followed price depreciation by telecommunications giant MTN Nigeria, which has become the most capitalized equity on the bourse. Despite the day’s mixed performance, there was increased buying interest in some stocks that had suffered huge losses in recent times as bargain hunters cashed in on the low prices to accumulate ahead of the inauguration of the new federal cabinet and the expected policies from fiscal and monetary authorities that could stimulate the much needed economic growth and development. With real governance about to kickoff with the ministers being assigned portfolios, it expected that the management of economic information and pronouncements thereby addressing investors concerns about the safety o...

https://investdata.com.ng/2019/08/corporate-actions-as-at-friday-august-16-2019/

Guaranty Trust Bank Plc, on Friday became the first of the dividend-paying stock to present its audited score-card for the half-year ended June 30, 2019, highlights of which included a marginal drop in interest, rise in fee, commission and other incomes, just as the management successfully kept expenses in check, while growth in loan impairment was constrained. Profit after tax for the period stood at N99.133bn, up from N95.581bn in the corresponding period of 2018, despite the N2.5bn rise in income tax expense, which left Earnings Per Share at N3.50, as against the previous N3.38 each. Of this amount, the board has recommended a dividend per share of 30 kobo, just like prior year payable to holders of the bank’s ordinary shares whose names appear in the register as at close of business on Monday, September 2, 2019. The dividend will, however, be payable to holders of the bank’s Global Depository Receipts (GDR) listed on the London Stock Exchange as of August 26, 2019. This mean...

NSEASI buy 55% sell 45% volume index 0.85 MFI 46.29 Access buy 0% MFI 66.09 Cap buy 💯 volume index 4.61 MFI 77.33 CIleasing buy 0% volume index 0.77 MFI 60.25 Dangote Cement 0% MFI 53.04 Dangote sugar buy 0% volume index 0.85 MFI 57.11 Diamond buy 0% MFI 47.11 ETI buy 30% sell 70% volume index 6.69 MFI 0.40 Fbnh buy 💯 volume index 1.34 MFI 57.39 Fidelity buy 💯 MFI 62.26 Fmn buy 0% volume index 2.28 MFI 44.13 GT buy 0% volume index 2.43 MFI 54.07 Hony flour buy 9% sell 91% volume index 3.36 MFI 21.14 Japaul buy 0% volume index 1.26 MFI 58.65 Oando buy 💯 MFI 50.02 Prestige buy 💯 MFI 62.27 Transcorp buy 50% sell 50% MFI 39.17 Uba buy 0% volume index 0.72 MFI 22.26 Wema buy 💯 MFI 60.16 Zenith buy 50% sell 50% volume index 1.84 MFI 40.90