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...

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...