Invest Data Consulting Ltd

INVESTORS UNDERTAKE MONTH-END PORTFOLIO RE-BALANCING, CRUNCH EMERGING ECONOMIC, COMPANY DATA Nigeria’s stock market on Thursday had a sloppy, but mixed session that continued to be highly volatile owing to month-end activities as investors watch out for economic date for direction. The mixed session was also despite the influx of more impressive earnings reports, as market indicators closed lower as traders booked profit after the few day of relatively weak rally, while cashing out capital gains in some stocks that had appreciated so far in this season. The market, nonetheless, remained within the bullish channel and above 20DMA but on a border line of breaking down the lower line of the channel and the moving average which will be a function of market forces this morning as trading opens. Should the earnings surprises continue and more of better numbers are released the bearish sentiment that reached 61% on Thursday would expectedly change. Thursday started out with a...

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...

INVESTORS REACT TO POSITIVE NUMBERS, AMIDST HOPE OF SUSTAINED GROWTH, PROFIT Trading activities on the floor of the Nigerian Stock Exchange on Monday recorded the highest daily gain in a very long while, on positive reaction to first earnings reports that were released to the market during trading session. The numbers, most for first quarter score-cards surprised investing public as some companies that reported full year negative earnings position reversed to give insight of what the 2017 financial will look like if the current tempo is sustained to year-end. Before now the few earnings reports made available reflected mixed performance, meaning that if subsequent numbers go positive as more are expected to hit the market today, it might pull the market out of negative territory year-to-date to support the seeming positive macro-economic data released so far, showing that the economic is on recovery path.  While it is true that the 2017 budget is still being expect...