Invest Data Consulting Ltd

NSE INDEX SOARS TO 6.16%, NOW AMONG AFRICA’S BEST ON ROI The bull rampage on the floor of the Nigeria stock Exchange continued on Thursday as stock prices moved higher again on increased demand with the number of retail, institutional and foreign investors participating in the market increased due to efforts by the Central Bank of Nigeria (CBN) to sustain the supply-side of the FX market that has improved liquidity.  The day started out with a big gap up, the indexes increased sharply with double top near the session highs around the early hours of trading before profit taking in some stocks slowed down the day gain.The seemingly rekindled confidence and improved liquidity in the market arena are expected to support the recovery as foreign investors participation is looking up.  The 2017 Appropriation Bill tagged“budget of recovery” was passed into law on Thursday waiting for Presidential assent and expected to make the most impact on the lives of Nigerians...

STANBIC IBTC FORESHADOWS EXPECTATION, AS BANKING PEERS DELAY FILINGS The nation’s stock market indices continued its uptrend in the second day in a row as equity prices moved up on increased demand as investors re-positioned in the market on the strength of Q1 financials that is pointing to a brighter 2017 full year, if the ongoing economic recovery efforts are sustained, going forward. This would ensure that the earnings power of listed companies continues to improve thereby supporting the price rally. This suggests that medium to long-term positioning in the market at this point will help investors recoup their losses and return to profit.  This is also coming at a time more companies are yet to release their first quarterly results for the year, especially banking stocks, with Stanbic IBTC Holdings being the only exception. Stanbic IBTC has presented its numbers to the market, giving a hint of what should be expected from peers like Zenith Bank, Access B...