Julius Berger Returns To Half-Year Profit, Nets N2.59bn

Construction giant- Julius Berger Nigeria, recently presented its unaudited half-year figures shows improved management during the period with a return to half-year profit despite the marginal 4.8% rise in revenue, helped also by the ability to contain the rise in operating cost.
This thereby raised hope for dividend at year end, given the improvement in other gains and a robust investment income as a new line item; just as foreign exchange loss dropped by a significant 95.34%; despite also the 678.78% rise in finance costs.
Specifically, sales revenue for the period stood at N73.077bn, up from N69.728bn; cost of sales stood at N53.899bn from N52.051bn; resulting in gross profit of N17.177bn, 8.49% better than N17.676bn in 2017 half year.
Other gains increased from N1.889bn to N4.847bn, representing 156.6% rise; marketing expenses climbed 98.59% up from N17.563m to N34.878m; with administrative expenses limping from N16.348bn to N17.358bn. Operating profit improved by 107.32% to N6.632bn from N3.199bn; investment income stood at N645.694m; just as foreign exchange acquisition loss fell to N127.215m from N2.729bn; finance costs improved to N3.22bn from N413.566m.
This resulted in profit before tax of N3.929bn, representing a 6,945.17% improvement over the N55.782m reported in 2017; while profit after tax notched 811.22% to N2.594bn, as against the N364.729m loss; following the 217.69% growth in tax expenses which stood at N1.335bn from N420.511m. Earnings per share therefore stood at 0.04 kobo

https://investdata.com.ng/2018/08/julius-berger-returns-to-half-year-profit-nets-n2-59bn/#more

Inactivity: Great Nigeria Insurance Begins Delisting From NGSE

Following the approval of shareholders on July 25, 2018, directors of Great Nigeria Insurance Plc, on Friday announced plans to voluntarily delist the company in accordance with the rules of the Nigerian Stock Exchange (NSE).
In a notice to the NSE, the company announced that minority shareholders who do not wish to be part of the delisted entity would be offered an exit opportunity.
Explaining the rationale, the director noted that “over the last five years, there is little or no trading activity on the shares held by the minority shareholders. There has also been considerable fall in trading volumes over the last 12 months with an average daily volume of circa 1,200 units during the period March 2017 to March 2018.”
This, the statement by Mrs. Olajumoke Bakare, First Almond Attorneys, company secretaries, added, shows that shareholders are not benefiting from the continued listing of the company on the bourse, following which there is no exit opportunity while their investments have been locked up and are difficult to dispose of.
In the same way, it said the company is not benefitted from listing on the bourse as its shares continue to trade at a significant discount to the intrinsic value, even while the company continues to bear unnecessary cost to comply with its listing obligations on the NSE.
To exit the investment, the company urged shareholders to trade their shares on the NSE through a nominated stockbroker, or receive exit consideration from GNI Plc in exchange for transferring their shares, for which GNI is willing to pay 50 kobo per share the price at which it has traded in the last six months prior to the Annual /Extra-Ordinary General Meeting date when the resolution to delist was passed.
The offer is opened between July 25 and October 24, while submission of duly competed consideration election and acceptance form is to the Registrars- GTL Registrar Limited, Yaba, Lagos.
An escrow account for the settlement of the consideration accruing to shareholders of GNI Plc who accept the offer is to be settled via electronic transfer to the respective bank accounts of shareholders after the October 24, 2018 computation date.

https://investdata.com.ng/2018/08/inactivity-great-nigeria-insurance-begins-delisting-from-ngse/#more

CCNN Nets 152.94% Q2 Profit Growth, Despite soaring energy cost

Despite the N713.63m or 208.04% rise in income tax expenses and 85.08% jump in energy cost, the management of Cement Company of Northern Nigeria (CCNN), says net profit for the half-year ended June 30, 2018, rose by an equally robust N1.573bn or 152.94%.
According to the report presented to the Nigerian Stock Exchange (NSE), sales revenue for the period rose N3.573bn or 41.99% from N8.51bn in the corresponding period of 2017, to N12.084bn.
Cost of sales increased to N6.619bn from N5.483bn; leaving gross profit at N5.465bn, up from N3.027bn.
Other income for the period notched marginally to N17.92m from N15.8m, the bulk of which was the N8.029m insurance claims, up from N1.953m. Selling and distribution cost climbed from N458.008m to N557.123m, the lion’s share of which was distribution expenses and other overheads of N432.487m, which rose from N355.834m; followed by salaries, wages and benefits at N105.817m, up marginally from N90.677m, just as administrative expenses increased marginally from N1.134bn to N1.235bn.
According to management in the notes to the accounts, the major component of the cost of sales and administrative expenses for the period, energy cost, alone gulped N6.021bn for the period, representing a N2.768bn or 85.08% from N3.253bn in the preceding half year. Repair and maintenance cost dropped to N429.506m from N504.777m; and factory depreciation from N280.292m in 2017 to N298.189m.
Finance costs during the period fell to N354.771m from N78.584m, which was boosted by the N33.934m interest on loans, down from N63.888m; as well as the N20.837m bank charges, up from N14.695m in the prior half-year. This left profit before tax at N3.659bn; a significant rise from N1.372bn in 2017. Tax expenses climbed to N1.056bn from N343.021m; just as net profit was left at N2.602bn from N1.029bn, which translated to Earnings Per Share of 207 kobo, as against the previous 82 kobo

https://investdata.com.ng/2018/08/ccnn-nets-152-94-q2-profit-growth-despite-soaring-energy-cost/#more

FBNQuest Woos Diaspora Nigerians With $20m Investment Scheme

The management of FBNQuest Asset Management, a member of the FBN Holdings Plc group, recently urged Nigerians in Diaspora to take advantage of numerous investment opportunities available in the country.
Addressing a Global Development Conference in London, which offered a rare opportunity for Nigerians in diaspora to engage in constructive and interactive sessions with key decision makers across different industries in Nigeria, the company urged stakeholders to partner on investment schemes.
One of such schemes is the $20m Diaspora Housing Investment Fund described as a closed end investment fund to be privately placed and constituted under a Trust Deed with a suitable Commercial Trustees to be selected.
The fund is to be established through the issuance of the similitude of a real estate investment trust scheme which will provide opportunities for individual and institutional investors to participate in the Nigerian real estate sector.
Participants at the event, the statement said, examined the intersections between investment in human capital, natural resources, entrepreneurship, innovation and technology in Nigeria.
As one of the major sponsors of the conference, FBNQuest Asset Management called on Nigerians in Diaspora to offer strategic expertise in their various endeavours to impact the country with knowledge and financial capacity, especially by way of investment. Speaking during the conference, Managing Director, FBNQuest Asset Management, Ike Onyia told participants “We want to partner with the Diaspora community through NIDO and its members. As a member of one of the leading financial services groups in Africa, we are well-positioned to serve the diaspora community professionally and to ensure their aspirations in the area of maximising investment returns are fulfilled.”

https://investdata.com.ng/2018/08/fbnquest-woos-diaspora-nigerians-with-20m-investment-scheme/#more

Notore Chemical Swells NGSE Capitalisation By N100.75bn

Photo caption: From left to right: Haruna Jalo-Waziri, Managing Director/CEO, Central Securities Clearing System (CSCS) Plc; Oscar Onyema, Chief Executive Officer, The Nigerian Stock Exchange (NSE); General (Dr.) Yakubu Gowon, Chairman, Notore Chemical Industries Plc and the company’s Group Chief Executive, Onajite Paul Okoloko, during the Facts Behind the Listing at the Exchange on Thursday, August 2, 2018.

The Nigerian Stock Exchange (NSE), on Thursday got a boost with the listing of 1.612bn units of fertilizer manufacturing giant, Notore Chemical Industries Plc by introduction at N62.50 per share.
The shares which were listed in the Agro-Allied & Chemical sub-sector of the NSE, adding N100.754bn to the market capitalization, has a free float of 16%, lowing that the prescribed 20% level.
Free float is the percentage of total number of shares that must be held by the general public defined as shareholders outside of the majority owners, management and board members. The Africa Finance Corporation (AFC) is one of its minority shareholders with 4.9% stake, while 77.07% stake is held by a vehicle registered in Mauritius. The current shareholders include: TY Holdings, owned by former Defence Minister, Gen Theophilus Yakubu Danjuma, 8.04%; while NPK Investment Ltd holds 4.60%, among others.
Addressing members of the capital market community during the fact behind the listing of the company in Lagos, Onajite Okoloko, chief executive officer of Notore Chemical Industries, said the exercise is part of efforts to support government’s effort to deepen the capital markets, besides increasing access to capital to fund its growth plans.

While expressing hope that the listing will add significant value to the nation and investment community, he said the entry of Notore into the stock market will also enhance liquidity, besides making the company’s share tradeable, while diversifying the ownership base and offering opportunities for more Nigerians to participate in Notore’s growth story.

Okoloko said the company’s urea plant currently produces 1,000mt of urea fertiliser on a daily basis, 75% of which is sold locally, while the remaining 25% is sold to leading international fertiliser traders like Helm AG, Ameropa and Yara and exported across West Africa, Southern Africa and Europe.

Notore, he said, recently secured $37m funding to execute the Turn-Around Maintenance (TAM) billed for completion in the second quarter of 2019, which would restore daily production capacity to its 1,500metric tons per day design capacity.
“We achieved 40% EBITDA (Earnings Before Interest, Tax, Depreciation and Amortisation) margin in full year 2017 and we are on course to achieve same in full year 2018,” he added.
Afterwards, the Chief Executive stressed further that Notore would have an incremental production capacity of approximately 150,000mt annually over its current average annual production of 300,000mt.

As a fallout of this, he announced plans by the company in the long-term to “develop a 50megawatt gas-fired power plant and sell power in excess of the Notore’s requirement to the national grid through the Nigerian Bulk Electricity Trading (NBET) Plc.”
Before then, in the medium term, the company, he noted, would develop new compound fertiliser blends specifically for key growth crops, just as the company’s seed business would be expanded and a crop protection business developed to expand the fertiliser production capacity.
The company, he assured further, will continue with its strategy of creating substantial value and building a strong organisation that will support the Nigeria’s agricultural sector to grow by making available good quality inputs, besides training local farmers.

Notore’s key strength, he continued, lies in its huge potential to diversify its revenue base, helped by its favourable location within a gas hub and access to a jetty, that allows it export of products manufactured in the facility.
He added that dredging activities are expected to commerce on Notore’s privately owned jetty by next year, to increase its berth capacity from 15,000 metric ton to 25,000mt vessels.

“Leverage Notore’s free zone developer status to develop the proposed industrial complex into a gas hub and an integrated logistics service provider to the oil and gas sector”, he said.
Thursday’s listing is coming ahead of next year’s listing of Singapore-owned Indorama Eleme Petrochemicals Ltd, which currently seeks to double its Nigerian plant annual output of urea fertiliser to 2.8m tonne.

There is also the 1.5m tonne fertiliser plant being developed in Lagos, Nigeria’s commercial capital by billionaire, Alhaji Aliko Dangote, which he expects to commission by end of the year.
Notore acquired the assets of state-owned fertiliser company National Fertiliser Company of Nigeria, based in the Niger Delta for $152m over 10 years ago and in 2012 entered into a joint venture with Mitsubishi Corporation to develop a new fertiliser plant, it said in the presentation.

In his opening remarks, chief executive of the NSE, Oscar Onyema congratulated Notore Chemicals for the bold and strategic decision to join the “prestigious club of quoted companies in Nigeria,” which indicates its commitment that the NSE “platform remains a veritable avenue for raising capital and enabling sustainable national growth.”

https://investdata.com.ng/2018/08/notore-chemical-swells-ngse-capitalisation-by-n100-75bn/

Action actually Makes the Difference

The path to success is to take massive, determined action. Tony Robbins...

To those who have bought my materials in the past and to those who will attend my seminars in the future and to those who have attended my past seminars, there is a missing piece in all of what I have been teaching.

This is not about technical analysis, stock Modelling, this is not about impact of government policies or foreign investments. In fact, this last piece is not related to them. The last piece is *ACTION*

Yes, action according to Oxford Dictionary, the fact or process of doing something, typically to achieve an aim. On a personal note, action Never do today what you can do tomorrow. Something may occur to make you regret your premature action.

Furthermore, what differentiates you who have acquired all the knowledge and can't practice it from a novice or rockie(someone who has no knowledge) is action which is a direct result of attending the seminar or buying my material and taking investment position in the market.

Sincerely, I must admit that there are risks and costs to action. But they are far less than the long range risks of comfortable inaction which breeds fear and doubt.

Even if you attend Warren Buffet seminar, it will still require you to take an action. So, take Action which is fundamental to your investment success now by Registering for my buying and selling signal subscription. Call 08028164085,08032055467 or send an email to ambroseconsultants@yahoo.com

Happy Trading,
Ambrose Omordion
http://investdataltd..com/2018/08/action-actually-makes-difference.html

Investdata 2:
Hello Investors,

The, buy & sell signal for this week have been posted on the membership site for you. Pls click on the long link for this week download.

Furthermore, you need to login on the membership site before you can have access to it.

Kindly click on the below link now to login with your username and password

http://investdataonline.com/buy-sell-signal/

To Your Success
Investdata Consulting.

P.S. You need to act fast. You know time wait for now.

Investdata Price & Earnings Tracking For Week Ended August 3, 2018


https://investdata.com.ng/2018/08/investdata-price-earnings-tracking-for-week-august-3/

SEC Proposes N1bn Capital For Nominee Firms In New Rule

Nigeria’s Securities & Exchange Commission (SEC) on Friday proposed new set of rules to guide the operations of nominee companies in the country, including defining the context, operational scope and who can set one up.

The guideline sets N1bn minimum capital for operators, just as it defines a nominee as “a company formed by a bank or other financial institution for the purpose of holding securities and other assets and administering them on behalf of the actual owners under the terms of a custodial or nominee agreement.”

It also requires that parent company/shareholders, which must be financial institutions, should have a combined minimum net worth of N30bn, in addition to a current Fidelity Bond covering at least 25% of the minimum capital.
Detailed curriculum vitae of sponsored individuals and Directors of such nominee companies to be submitted to the SEC “should include details of activities from secondary school to date arranged chronologically with dates; (all gaps in employment and educational history should be explained).”

Others include “copies of credentials of sponsored individuals from secondary school to date (including NYSC discharge/ exemption certificates); originals are required for sighting by officers of the Commission,” besides “Police clearance report for each Sponsored Individual.”
Each sponsored individual must also “report at the Commission’s head office or any of its zonal offices with three recent passport photographs to commence the process; Copy of means of identification of the Directors and the Sponsored Individuals of the Company (International Passport, Driver’s license or Permanent Voters Card);” among others.”

The guideline while requiring nominees to “keep and maintain proper books of account and other records necessary to identify assets of each client and to discharge its obligations to its clients,” requires that they maintain a custody account for every client, providing access to such accounts to the client.
Such information required by the client could include those concerning assets held on his or its behalf, just as the nominee should regularly report to its clients on assets held on their behalf, including all movements and “changes in the holding concerned which occurred since the date on which the holding commenced or immediately prior to the report or as the client requests.”

The SEC rule also proposes that the nominees ensure their assets are segregated from the assets of clients and protect them “from foreclosure, appropriation/attachment by creditors or liquidators of nominee.”
Also, while “the nominee shall collect corporate action entitlements relating to all securities held on behalf of clients, verify the calculations and convey all details to clients,” such “shall have no authority to demand for board membership of companies or to exercise any voting rights attached to shares registered in the nominee company`s name unless instructed to do so by its clients.”

https://investdata.com.ng/2018/08/sec-proposes-n1bn-capital-for-nominee-firms-in-new-rule/

Investors Position For Possible Earning Surprises By Interim Div Stocks

Market Update for Week Ended August 3 and Outlook for Aug 6-10

As we mentioned in our previous market updates, training sessions, radio proramme and live webinar, the lingering economic slowdown has prevailed since first quarter of 2018, which has not helped by the seeming lack of economic direction and fiscal stimulus reforms to drive the government’s Economic Recovery & Growth Plan (ERGP) in the period. This reflected on the Q1 GDP report made available by NBS which revealed a slowdown in the recovery tempo when compared to Q4 GDP in 2017, with politics taking the front seat in government’s agenda. This came after the seemingly strong economic recovery recorded in 2017 which reflected on the corporate earnings of listed companies for full year ended December 31, 2017, supporting good dividend payout and ratio for the period.
Last week also, market reaction to the Q2 earnings performance was mixed as the regulatory period for presentation of the score-cards officially ended within the week, resulting in sell off and bargain hunting as market players interpreted the numbers.

Except by a miracle, the weak corporate earnings for the half year is already pointing to a likely further slowdown in the Q2 GDP figure scheduled for release by the National Bureau of Statistics (NBS) any moment from now.
Already, the nation’s purchasing managers’ Index for the month of July, showed a slowdown to indicate decrease in economic activities to 56.8 point for the period, from 57.0 point. This is interpreted to mean that there was a relatively slower expansion pace in the economy, compared to previous month. Production levels for the month under review also dropped, but at a relatively slower pace from 59.2 in June to 59 in July. Input prices in the month of June expanded to 60.7 in the month of June, thereby expanding at the slowest pace since the indicator began to beam green light. At the same time output prices expanded to 50.3 for the month of July from 53.8 in June, thus underlining the deceleration in the pace of the expansion in output price.

Back to the NSE, last week, a total of 25 companies released their quarterly scorecards and the general market sentiment for the numbers were mixed with selling position at 96%, while buying volume stood at 4%. This was due to investors and traders repositioning their portfolio on the strength of earnings and economic reports released and considering the prevailing low-price regime and the risk associated with the oncoming general elections.

The negative market breadth dropped, but the energy behind the week’s trades was weak as reflected in the money flow index which slipped to 29.76 points from the previous week’s 31.34 points, a signal that funds continue to exit the market.

Equity Indicators Last Week
The benchmark index for the week had a mixed performance to close the period lower and reverse the previous week marginal gain by shedding 137.30 basis points to close at 36,499.67 basis points, after opening at 37,636.97bps, representing a 0.37% decline on a low traded volume, compared to the previous week’s. The volume index of total transactions for the period was 0.56, as market capitalisation for the week was up by 0.38%, closing at N13.32tr from the N13.27tr. This resulted from the listing of Notore Chemical Industries Plc, a fertilizer and agro-allied company with market capitalisation of N100.8bn, classified under Agro-Allied and Chemicals subsector.
During the period under review, low cap stocks again dominated the top advancers table as investors and traders took advantage of prevailing low prices and few impressive Q2 numbers to position. The recent earnings season revealed the existence of intrinsic value in some companies, especially small cap equities.

However, the market is becoming dicey on daily bases ahead of next year’s 2019 presidential election, especially given events in the National Assembly and some states, with defection and political rallies become the order of the day, even as it further fuels uncertainty.

The seeming selloff after analyzing the numbers and positioning had further worsen the NSEASI’s year to date negative returns to 4.56%, just as market capitalisation remains negative at N217.4bn, or 1.32% below the year’s opening value.

Mixed Market Breadth
The negative market breadth, as the number of decliners outpaced advancers in the ratio of 48:34 as selloff and profit taking continued in the midst of weak earnings and uncertainties surrounding 2019 election as trade war tension threatens global economic growth and expected hiking of rate to further induces capital flight.

The NSE All-Share Index opened the week on a strong performance to close Monday and Tuesday positive, before mid-week’s reversal and a rebound on Thursday, followed by yet another pullback on Friday. All of these culminated in a loss position of 0.37% for the week, as against the previous week’s 0.27% gain.
Sectoral indexes were largely bearish for the week except for NSE Banking and Oil/Gas that closed higher.

Market activities were mixed as volume traded was down by 2.11% to 1.38bn shares, compared to previous week’s 1.42bn units, while value was up 23.89% to N20.32bn, from previous week’s N16.74bn
Union Diagnostic and Nemeith were the best performing stocks that topped the advancers’ table with 50% and 47% gains respectively, closing at N0.33 and N0.60 each as a result of market forces . The worst performing equities Smart Products and International Breweries, which shed 18.52% and 17.57%, closing at N0.44 and N1.55 respectively on impact of market forces.

Market Outlook
We expect another mixed performance of the market this week, while volatility continues as actual earnings data is being analyzed, ahead of interim dividend companies scheduled to publish their results even as market analysts, investors and traders digest those earnings reports already published. There would be repositioning on the strength of earning surprises and disappointing numbers that come below market expectations in the midst of events unfolding in the political environment. Investors should review their position in line with their investment goals and take action as events unfolds in the global and domestic environment.

However, we would like to reiterate our advice that investors should go for equities with intrinsic value, especially during this season were more quarterly earnings are expected to hit the market, ahead of Q2 interim dividend paying equities in August due to the auditing process of their financials for half year.

We advise investors to allow numbers guide their decisions while repositioning in any stock, especially now that stock prices remain volatile amidst improving company, economic and market fundamentals.
.

Ambrose Omordion
CRO|Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467
https://investdata.com.ng/2018/08/investors-position-for-possible-earning-surprises-by-interim-div-stocks/

Zenith Bank Nets N81.73bn Q2 Profit, On 77% Impairment Charge Decline

The management of Zenith Bank Plc, on Monday, presented its audited financials for the half-year ended June 30, 2018, with a 9% rise in net profit, despite the 15.31% slip in gross earnings.
Other major highlights of the result included the significant 77% reduction in loan loss provision, just as Non-Performing Loan ratio of 4.9%, up from 4.3% in the 2017Q2. Fee and commission income rose by almost a quarter percent, following which the board is paying a dividend of N9.42bn, representing 30 kobo, from the Earnings Per Share of N2.60; up from N7.85bn, or 25 kobo from N2.39 each.

Specifically, gross earnings stood at N322.201bn from N380.44bn; with interest and similar income declined from N262.257bn to N228.67bn; while interest and similar expense dropped to N74.709bn, 39.41% slipped to N123.295bn. Net interest income rose 10.79% up from N138.962bn in the corresponding half year of 2018 to N153.961bn; just as impairment charge for credit loss fell from N42.398bn to N9.72bn; even as net interest income after impairment charge for credit loss stood at N144.241bn, after the 49.37% improvement from N96.564bn.
Fee and commission income improved by 23.72% from N37.753bn to N46.708bn; trading income dropped to N36.807bn from N65.318bn; with other income at N10.016bn from N15.112bn, down 33.72% from N15.112bn.

Personnel expenses rose to N34.808bn from N31.033bn; just as operating expenses stood at N86.522bn, flat when compared to N85.245bn; following which profit before tax increased 16.46% up from N92.183bn to N107.358bn. Income tax expense stood at N1.664bn; just as minimum tax expense climbed 42.04% from N16.866bn to N23.957bn; resulting in profit after tax increased to N81.737bn from N75.317bn.

Total assets for the period stood at N5.256tr, compared to N5.595tr, with loans and advances at N1.873tr from N2.1tr. Oil and gas grabbing the lion’s share of N631.973bn, down from N660.242bn; with non-performing loan of N47.019bn as against N23.194bn; followed by manufacturing with N497.033bn, which dropped from N633.739bn; while total loans to government stood at N337.208bn, compared to N311.904bn.
Total liabilities stood at N4.536tr, as against the previous N4.773tr; with customer deposits at N3.165tr from N3.437tr.

https://investdata.com.ng/2018/08/zenith-bank-nets-n81-73bn-q2-profit-on-77-impairment-charge-decline/

Investdata Daily Sentiment Reports

NSEASI buy 36% sell 64% MFI 31.48
Access buy � volume index 0.80 MFI 90.38
Cadbury buy 0% volume index 4.36 MFI 7.06
Caverton buy 0% volume index 0.79 MFI 81.12
CIleasing buy � volume index 1.20 MFI 78.18
Diamond buy � MFI 40.89
Fbnh buy 0% MFI 86.20
Fcmb buy 0% MFI 36.08
Fidelity buy 0% MFI 70.52
GT buy 94% sell 6% MFI 66.17
Jaiz buy 0% MFI 40.58
Japaul buy � volume index 1.25 MFI 29.09
Lasaco buy 0% volume index 1.14 MFI 43.09
Mben buy 0% volume index 1.04 MFI 53.94
Nem buy � MFI 22.13
Oando buy � MFI 55.29
Regalins buy 50% sell 50% volume index 6.90 MFI 38.97
Skye buy 0% MFI 54.83
Sterling buy 0% MFI 87.79
Transcorp buy 0% MFI 44.81
Uba buy � volume index 0.88 MFI 62.36
Ucap buy 7% sell 93% volume index 4.74 MFI 45.81
Wapco buy 70% sell 30% MFI 33.47
Zenith buy 45% sell 55% MFI 45.47

https://investdataltd..com/2018/08/investdata-daily-sentiment-reports_7.html?m=1

COMBATING THE RIGOURS OF TRADING (1)

Traders who have engaged in trading on the bourse will attest to the fact that, trading is not an easy task at all, therefore to achieve a successful trading, some strategies must be incorporated into a trader's trading style. Here are some ideas to help with the process of trading:

(1) Virtual Stock Trading
Try to paper trade the market first before trading with real money as market is a battle of give and take. The real pros are prepared and they take profits from the rest of the crowd who, lacking trading skill, give their money away through costly mistakes.
(2) Mental Preparation
One must be emotionally and psychologically balanced to deal with the battle in the market, trading area should be one devoid of distraction, adequate sleep � over the night is one of the tonics of trading on the bourse, quickly resolving marital issues in order to have a stable mind while trading is also one of the strategies. If all these are not in the positive, it is better to take a day off, otherwise one is risking losing ones shirt.

Investdata Academy
http://investdataltd..com/2018/08/combating-rigours-of-trading-1.html

Investdata Daily Sentiment Reports

NSEASI buy 7% sell 93% volume index 0.85 MFI 30.99
Access buy 0% MFI 89.47
Afrprud buy � volume index 2.65 MFI 52.72
Aiico buy 100 volume index 0.86 MFI 65.30
Cadbury buy � volume index 3.39 MFI 23.40
Cutix buy � volume index 2.17 MFI 84.39
Dangote sugar buy 0% MFI 36.11
Diamond buy 22% sell 78% volume index 2.69 MFI 51.78
Equity buy � volume index 1.43 MFI 74.67
Eterna buy 0% MFI 70.40
Eti buy 100 MFI 33.30
Fbnh buy 89% sell 11% MFI 86.93
Fcmb buy � volume index 2.45 MFI 46.32
Fidelity buy 25% sell 75% MFI 65.65
Fmn buy � MFI 29.93
Hony flour buy � MFI 30.17
Japaul buy � volume index 0.94 MFI 26.15
Lasaco buy � volume index 2.52 MFI 63.04
Lvstk buy � volume index 3.76 MFI 47.92
Mben buy 0% volume index 2.84 MFI 46.11
Nahco buy � MFI 2.79
Nascon buy 0% volume index 0.75 MFI 38.40
Oando buy � MFI 65.92
Regalins buy � volume index 3.11 MFI 49.57
Sovereins buy 0% volume index 2.13 MFI 8.36
Transcorp buy 0% MFI 48.43
Uacn buy � MFI 68.89
Uba buy 0% volume index 0.89 MFI 59.79
Ucap buy � volume index 3.10 MFI 52.87
Wema buy � volume index 5.63 MFI 22.32
Zenith buy 50% sell 50% MFI 42.35

https://investdataltd..com/2018/08/investdata-daily-sentiment-reports_8.html?m=1

NGSE Indices Slide On, As Political ‘Bad News’ Worsens Investor Confidence


Market Update for August 7, 2018
The nation’s equity market indices again suffered a setback on Tuesday and extended its three back-to-back sessions of decline to make lower lows amidst anxiety in the political environment ahead of 2019 elections that continues to propel fear and drain investor confidence as the whole world watches Nigeria with rapt attention.

The drama that played out Tuesday morning with the barricading of the National Assembly complex and an altercation between a legislator and masked secret police officer wielding gun that went viral further thickened the air of uncertainty over 2019, reminiscence of the military era. With this and other drama series happening in Nigerian politics, the end of the ongoing correction may not just be in sight yet, even as the gale of defection continues across the nation, just before the party’s primaries. This situation may continue even after.

This suggests that the already cautious trading pattern will persist as the just concluded earnings season will not make much difference. The financials have only revealed the state of these companies as a guide to help investors as they watch market trend and other events happening locally and international.

Be patient here if you have positioned for the interim dividend.
The day started out with a very long surge to the downside, extending the decline wave that ensued since the last trading session of July, touching intraday lows of 36,321.50 basis points, from highs of 36,491.19 in the afternoon before retracing marginally to finish the session at 36,333.80bps. Nevertheless, the possibility of reversal is slim, despite having a seemingly double bottom formation. Investors should however wait to see, especially with the high likelihood of going further down.
It is obvious that the market situation is not friendly with many stocks, but knowing the right value and growing companies to buy now or after election is very important, the criteria for choosing quality companies with excellent earnings that support price and dividend were discussed at the July 28, 2018 workshop hosted by Investdata Consulting. The home study packs are ready now. For your Study Pack, call or send YES to the phone numbers below.
Tuesday’s market technicals were negative and mixed, as volume traded improved in the midst of positive market breadth and negative sentiments as revealed by Investdata’s Daily Sentiment Report, showing a ‘sell’ position of 93% and ‘buy’ volume at 7%. Volume index was 0.85 of the day’s total transactions.
Energy behind the day’s market performance was weak, regardless of the low liquidity, as reflected in the money flow index at 30.998bps, a decline from previous day’s 31.48points, indicating that funds are exiting the market, even if it is low.

Index and Market Cap
At the end of the trading session, the NSE’s composite index shed 146.62 basis points, closing at 36,333.80bps, after opening at 36,479.42bps, representing a 0.40% decline, while market capitalisation was down by N53.16bn to close at N13.26tr from an opening value of N13.32tr, which represented 0.40% depreciation in value as investors loss position deepen.
If you haven’t joined Investdata Buy & Sell Signal setup, where you can look over our shoulder and follow to know when to hold cash and take advantage of the watchlist of stocks for different investment purposes that you may position in, as the market oscillate. To register and become a member send Yes or stocks to the phones numbers below. The number of stocks on our watch list has increased due to the prolonged correction. Take advantage of this service to buy right and sell right.

Tuesday’s session downturn was due to losses suffered by premium stocks and others that further drag down the market, which impacted negatively on the NSE’s Year-to-Date return, to deepen the negative position to 4.99%, just as market capitalization decline within the period stood at N347.55bn, and 2.55% below the year’s opening value.

Bearish Sector Performance
Sectorial performance on Tuesday were bearish, except for the NSE Consumer Goods that closed higher with 0.63%. Market breadth was flat as the number of advancers outnumbered decliners in the ratio of 22:21, to continue the three day bear run.

Market activities were up in volume and value by 36.07% and 10.43% respectively to 243.87m worth N2.22bn, as against the previous day’s 182.29m units valued at N2.03bn.
Transactions for the day were boosted by trading in financial services stocks: Wema Bank, GTBank, UBA, Diamond Bank and Ucap that witnessed increased trading to top the activity chart.

The best performing stocks for the day, were Livestock Feeds and Ucap that topped the advancers’ table, after gaining 10% each, to close at N0.66 and N3.08 respectively due to market forces and sentiments for low priced stocks.
On the flip side, Cap and Mutual Benefits were the worst, losing 10% and 8.82% respectively to close at N28.35 and N0.31 on profit taking and market forces.

Market Outlook
We expect the pullback to continue ahead of Q2 GDP report that will hit the market any moment as the whole world watch Nigerian politicians toiling with the future of this great nation.

Meanwhile, investors continue to interpret the recent Q2 earnings reports so as to rebalance their portfolios and watch the political space and analyse at the actual coming numbers released so far as a basis for determining the market and economy’s direction going forward. More disappointing reports will drive the market further down, or inspire a reversal if the numbers beat expectation.

Also important, is the outcome of the shadow elections by political parties taking place in the month of August. Investors should review their positions in line with investment goals, strength of the company numbers and act as events unfold in the global and domestic environment.
However, we would like to reiterate our advice that investors should go for equities with intrinsic value, especially during this season were Q2 interim dividend payment are expected in the market arena very soon.
We advise investors to allow numbers guide their decisions while repositioning in any stock, especially now that stock prices remain volatile amidst improving company, economic and market fundamental.

Attention
The difference between you and others who are not aware of what I am sharing with you is ACTION. Take action that will transform your life for the rest of 2018 and beyond by getting a copy of the Just concluded life transforming seminar Comprehensive Stock Trading Toolkits for the Rest of 2018 Home study pack.

Ambrose Omordion
CRO|Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467
https://investdata.com.ng/2018/08/ngse-indices-slide-on-as-political-bad-news-worsens-investor-confidence/#more

CBN May Raise Interest Rates Ahead Of 2019 Polls

The Central Bank of Nigeria has hinted of plans to increase interest rates in the country after months as it hopes to tighten the monetary policy in response to higher inflation ahead of the general elections in February.
A Bloomberg report on Tuesday quoted a CBN Deputy Governor, Dr Joseph Nnanna, as giving the indication on Monday on the sidelines of a conference in the resort city of Sharm El-Sheikh in Egypt.
Aready, he said virtually all members of the Monetary Policy Committee had supported the idea, that “the Monetary Policy Rate should increase if inflationary pressures build up.”
But finance and economic experts have expressed divergent views on the issue with those opposed to the idea saying increasing the MPR would make it difficult for businesses to raise funds.According to the report, the MPC has held its key rate at a record 14 per cent since 2016 in a bid to prop up the naira and tame inflation after it spiked to double digits in the same year. While price growth has since slowed to below the monetary policy rate, the panel has shifted from some members voting for rate cuts in January to three of 10 members favouring higher rates at the July meeting.

Bond
Market activities was bearish as Foreign investors sold the 2027s and 2028 FGN benchmark bond. We observed a rescheduled date for bond auction for the month of
August . However, this has FBN bond auction has been scheduled to hold on the 22August 2018 15-Aug from the earlier scheduled date of 22-Aug.

Treasury bills
The Treasurybills market was relatively quiet although most activities was seen on short Maturities.With robust liquidity in the banking system rates are likely to move south .

Interbank
The OBB and Overnight rates remain relatively stable to close at 7.52% and 8.42% with no major outflow from the banking system. as there were no significant outflows from the system .
The Naira remained stable N306.00/$ at the interbank market while the l&E window closed at N362.30/$
The parallel market closed at N361.50/$.

By Odegua Idialu
https://investdata.com.ng/2018/08/cbn-may-raise-interest-rates-ahead-of-2019-polls/#more

COMBATING THE RIGOURS OF TRADING (2)

(3) Identify Trends
Scope out pricing patterns as they happen by putting it down, then position for the next trade.

(4) Time Trade
Prepare to get in and out of a trade ahead of time based on goals and not emotion.

(5) Trade Emotionlessly
Rely on proven mathematical tactics instead of moment-to-moment swings.

(6) Adopt Tools
Create a plan based on charting patterns, algorithms and any newfound knowledge of technical analysis.

(7) Stick to your Plan
Stick to your plan until it fails you as market has a way of chasing one out of his/her position.

Investdata Academy
http://investdataltd..com/2018/08/combating-rigours-of-trading-2.html

Investdata Daily Sentiment Reports

NSEASI buy 11% sell 89% MFI 32.44
Access buy � MFI 87.59
Dangote flour buy � MFI 32.78
Diamond buy � MFI 49.73
Eterna buy 0% MFI 58.36
Fbnh buy � MFI 93.47
Fidelity buy � MFI 68.29
GT buy 0% MFI 42.07
Hony flour buy 0% volume index 0.83 MFI 28.04
Lasaco buy � volume index 0.96 MFI 59.33
Lvstk buy 0% volume index 2.98 MFI 62.16
M&B buy � volume index 1.33 MFI 59.61
Mben buy 0% volume index 2.72 MFI 44.83
Nascon buy 0% volume index 0.87 MFI 29.30
Oando buy 0% MFI 59.01
Regalins buy � volume index 2.11 MFI 44.63
Sovereins buy � volume index 2.92 MFI 47.37
Transcorp buy � MFI 56.52
Uacn prop buy 0% volume index 2.92 MFI 42.07
Uba buy 0% volume index 0.85 MFI 56.77
Uniondac buy 0% volume index 2.16 MFI 96.93
Wema buy � MFI 20.78
Zenith buy 50% sell 50% MFI 45.63

http://investdataltd..com/2018/08/investdata-daily-sentiment-reports_9.html

COMBATING the RIGOURS of TRADING (3)

( Decipher Charts
Use all the tricks such as candlesticks, trendlines, bars, histograms- of the trade wisely.

(9) Track Trendlines
Chart out where the market may move next and create a solid plan.

(10) Find Resources
Get in the know with trading education and charting resources used by the pros.

(11) Understand Reversals
Be prepared for when a market makes a big move.

(12) Be Brave,Bold and Expectant
All these are qualities a trader needs to be a winner. But remember you cannot have it all the time!!

Investdata Academy
https://investdataltd..com/2018/08/combating-rigours-of-trading-3.html?m=1

ACID TEST RATIO

Is a strongest test of liquidity also called liquidity ratio or quick ratio that measures the ability of a company to pay its current liabilities when they come due with only quick assets such as cash, marketable securities and accounts receivable.

Investdata Academy
http://investdataltd..com/2018/08/acid-test-ratio.html

Technical Position of Few NSE Stocks As at August 8, 2018

https://investdata.com.ng/2018/08/technical-position-of-few-nse-stocks-as-at-august-8-2018/

Interim Dividend Hike Fails To Stimulate NGSE Indicators Out Of Slumber

Market Update for August 8, 2018

Nigeria’s equity market indicators have continued to decline in an unpredictable pattern, what with the daily drama in the sociopolitical environment fueling fears and uncertainties over next year’s general elections. The focus of President Muhammadu Buhari’s administration on the politics re-election in a divided party is further slowing down the economy, just as the expected impact of the faithful implementation of the year’s budget has not in any way reflected on the economy and the life of Nigerians.

The dwindling investor confidence and low liquidity in the market is evident in the recent lukewarm reaction to interim dividends of 30 kobo per share each declared by directors of Zenith and Guaranty Trust Bank recently.
The stock market on Wednesday had a mixed session to again close marginally lower, with the NSE’s benchmark All-Share index down for most of the day, touching intraday low of 36,295.55 basis points, from highs of 36,336.04bps before closing at 36,299.82bps in the last few trading minutes to finish lower, while breaking down the strongest support level so far in the year.

The prevailing market situation has not been friendly to many stocks, especially high cap equities that remain the toast of foreign investors. But then, knowing the right value and growing companies to buy now or post-election is very important. The criteria for choosing quality companies with excellent earnings that will support price and dividend were discussed at the July 28, 2018 workshop hosted by Investdata Consulting. The home study packs are ready now. For your Study Pack, call or send YES to the phone numbers below.
Market technicals at midweek were negative and mixed, as volume traded was lower than the recent market average in the midst of positive market breadth and negative sentiments as revealed by Investdata’s Daily Sentiment Report, showing a ‘sell’ position of 89% and ‘buy’ volume at 11%. Volume index was 0.40 of the day’s total transactions.

The impetus behind the day’s market performance was weak, despite the little improvement recorded as indicated by the money flow index at 32.44bps, up from previous day’s 30.99 points, indicating that funds are still entering few stocks especially the interim dividend paying equities regardless of the low liquidity.

Index and Market Cap
Midweek’s trading closed down again, as the All Share index shed 33.98bps, closing at 36,299.82bps, after opening at 36,333.80bps, representing a 0.09% decline, while market capitalisation dropped by N12.4bn to close at N13.25tr from an opening value of N13.26tr, which represented 0.09% value loss to worsen investors’ negative position.
If you haven’t joined Investdata Buy & Sell Signal setup, where you can look over our shoulder and follow to know when to hold cash and take advantage of the watchlist of stocks for different investment purposes that you may position in, as the market oscillate. To register and become a member send Yes or stocks to the phones numbers below. The number of stocks on our watch list has increased due to the prolonged correction. Take advantage of this service to buy right and sell right.

Wednesday’s downturn resulted from price depreciation in medium and high cap stocks like Total Nigeria, Guranty Trust Bank, Oando, UBA, FCMB, Diamond Bank, Honeywell and Cutix which impacted negatively on the NSE’s Year-to-Date return, to further deepen the negative position to 5.08%, just as market capitalization decline within the period stood at N359.95 billion, and 2.64% below the year’s opening value.

Bearish Sector Performance
The sectorial performance indexes for the day all closed red. Market breadth was positive as the number of advancers outpaced decliners in the ratio of 19:16, to continue straight four sessions of down market.
Market activities were down in volume and value by 54.03% and 67.49% respectively to 114.04m shares worth N730.04m, as against the previous day’s 243.87m units valued at N2.22bn.
Transactions for the day were boosted by trading in financial services and conglomerate stocks: UBA, Sovereign Trust Assurance, Transcorp, Zenith Bank and Regency Insurance that witnessed increased trading to top the activity chart.

Unity Bank and Sovereign Trust Assurance were the best performing stocks that topped the advancers’ table, after gaining 9.8% and 8.7% respectively, to close at N0.94 and N0.25 respectively, purely on market forces.
On the flip side, Mutual Benefits and NSL Tech were the worst, losing 9.68% and 9.09% respectively to close at N0.28 and N0.30 on profit taking and market forces.

Market Outlook
We expect the downtrend to continue as political risk escalates after Q2 earnings reporting season closed on a mixed performance ahead of Q2 GDP report that will hit the market any moment as the whole world watch Nigerian politicians toiling with the future of this great nation.

Meanwhile, investors continue to interpret the recent Q2 earnings reports so as to rebalance their portfolios and watch the political space and analyse at the actual coming numbers released so far as a basis for determining the market and economy’s direction going forward. More disappointing reports will drive the market further down, or inspire a reversal if the numbers beat expectation.
Also important, is the outcome of the shadow elections by political parties taking place in the month of August. Investors should review their positions in line with investment goals, strength of the company numbers and act as events unfold in the global and domestic environment.

However, we would like to reiterate our advice that investors should go for equities with intrinsic value, especially during this season were Q2 interim dividend payment are expected in the market arena very soon.
We advise investors to allow numbers guide their decisions while repositioning in any stock, especially now that stock prices remain volatile amidst improving company, economic and market fundamentals.


Ambrose Omordion
CRO/Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467
https://investdata.com.ng/2018/08/interim-dividend-hike-fails-to-stimulate-ngse-indicators-out-of-slumber/

Investdata Daily Sentiment Reports

NSEASI buy 37% sell 63% MFI 37.07
Access buy 0% MFI 87.31
Aiico buy 0% volume index 2.04 MFI 58.40
Diamond buy 0% MFI 47.62
ETI buy � volume index 1.50 MFI 40.29
Fbnh buy 0% MFI 90.90
Fcmb buy � MFI 48.94
Fidelity buy 17% sell 83% MFI 71.23
GT buy 36% sell 64% MFI 40.26
Japaul buy 0% volume index 0.92 MFI 33.06
M&B buy 0% volume index 1.67 MFI 64.94
Mben buy � volume index 0.82 MFI 47.23
Oando buy � MFI 51.90
PZ buy 0% volume index 2.02 MFI 8.63
Regalins buy � volume index 4.46 MFI 36.23
Sovereins buy 0% volume index 1.20 MFI 56.36
Sterling buy � MFI 58.77
Transcorp buy 33% sell 67% MFI 47.42
Uba buy 25% sell 75% volume index 1.07 53.93
Ucap buy 0% MFI 53.35
Uniondac buy 0% volume index 2.88 MFI 86.10
Verita buy 0% volume index 0.96 MFI 26.06
Zenith buy 25% sell 75% volume index 0.83 MFI 52.45

http://investdataltd..com/2018/08/investdata-daily-sentiment-reports_10.html

Investdata Weekly Sentiment Reports

NSEASI buy 1% sell 99% MFI 23.51
Access buy 33% sell 67% MFI 41.44
Afrprud buy � MFI 84.62
Aiico buy � MFI 36.32
Cadbury buy � MFI 7.97
Caverton buy 0% MFI 66.52
CIleasing buy � MFI 78.07
Custodian buy 0% MFI 33.84
Cutix buy 0% volume index 1.27 MFI 70.69
Dangote Cement buy 0% MFI 58.32
Dangote flour buy 0% MFI 21.22
Dangote sugar buy 0% MFI 64.79
Diamond buy 21% sell 79% MFI 28.38
Equity buy 0% volume index 2.61 MFI 51.65
Eterna buy � MFI 73.69
ETI buy 0% MFI 61.37
Fbnh buy 20% sell 80% MFI 38.12
Fcmb buy 43% sell 57% MFI 68.65
Fidelity buy 0% MFI 48.01
Fmn buy 0% MFI 23.55
FO buy 9% sell 91% volume index 0.77 MFI 22.77
Glaxo buy 0% MFI 6.10
GT buy 28% sell 72% MFI 33.96
Hmarkins buy 0% MFI 70.00
Hony flour buy 0% MFI 36.76
Jaiz buy � MFI 37.03
Japaul buy 75% sell 25% MFI 38.88
Lasaco buy 0% MFI 33.00
Lvstk buy 75% sell 25% volume index 0.97 MFI 31.98
M&B buy 50% sell 50% volume index 1.09 MFI 34.11
Mben buy 45% sell 55% volume index 0.88 MFI 77.76
Nahco buy � volume index 0.79 MFI 12.46
Nascon buy 33% sell 67% MFI 51.80
Nem buy � MFI 59.86
Nestle buy � MFI 76.84
Nigerins buy � volume index 1.84 MFI 66.39
Oando buy 56% sell 44% volume index 0.75 MFI 15.00
PZ buy 20% sell 80% MFI 1.70
Red buy 0% MFI 77.49
Regalins buy 33% sell 67% volume index 3.52 MFI 33.61
Seplat buy 0% MFI 9.18
Skye buy 40% sell 60% MFI 34.68
Sovereins buy 25% sell 75% volume index 1.40
Stanbic buy 0% MFI 2.61
Sterling buy 8% sell 92% MFI 29.40
Total buy 0% MFI 7.77
Transcorp buy 29% sell 71% MFI 17.27
Uacn Property buy 59% sell 41% MFI 12.42
Uacn buy � MFI 8.34
Uba buy 17% sell 83% volume index volume index 1.10 MFI 15.88
Ucap buy 97% sell 3% volume index 1.03 MFI 72.56
Unilever buy 50% sell 50% MFI 60.80
Uniondac buy 0% volume index 13.38 MFI 84.25
Vitafoam buy 0% MFI 61.91
Wapco buy 0% MFI 48.32
Wema buy 71% sell 29% volume index 1.35 MFI 23.57
Zenith buy 7% sell 93% MFI 35.19

http://investdataltd..com/2018/08/investdata-weekly-sentiment-reports.html

Forex: CBN Injects Agric, Raw Materials Into $327m, CNY69m For Retail SMIS

The Central Bank of Nigeria (CBN), on Friday, August 10, 2018, injected the sum $327,440,499.50 into the interbank retail Secondary Market Intervention Sales, in addition to the sale of CNY69,707,333.39 in the spot and short-tenored forwards.

The figures obtained from the CBN on Friday, August 10, 2018 showed that the US$-denominated interventions were only for concerns in the agricultural and raw materials sectors.

Commenting on the latest injection, Isaac Okorafor, CBN’s Acting Director, Corporate Communications, said the exercise which was in tune with the guidelines, for the payment of Renminbi denominated Letters of Credit for agriculture as well as raw materials.
He added that the sales in the Chinese Yuan were through a combination of spot and short-tenored forwards, arising from bids received from authorized dealers.

While noting that availability of Renminbi was sure to ease pressure on the Nigerian foreign exchange market, Okorafor attributed the relative stability in the foreign exchange market to the intervention of the CBN as well as the sustained increase in crude oil prices in the international market. He further assured that the CBN would remain committed to ensuring that all the sectors continue to enjoy access to the needed foreign exchange by Nigerians.
Meanwhile, $1 exchanged for N360 at the Bureau de Change (BDC) segment of the foreign exchange market, while CNY 1 exchanged for N53.35.

https://investdata.com.ng/2018/08/forex-cbn-injects-agric-raw-materials-into-327m-cny69m-for-retail-smis/#more

Corporate Actions As At August 10, 2018

https://investdata.com.ng/2018/08/corporate-actions-as-at-august-10-2018/#more

Investdata Daily Sentiment Reports

NSEASI buy 6% sell 94% volume index 0.82 MFI 28.90
Access buy 75% sell 25% MFI 70.69
Afrprud buy � volume index 1.13 MFI 46.21
Aiico buy 0% volume index 1.66 MFI 52.44
Berger buy 0% volume index 2.96 MFI 2.62
Dangote sugar buy � MFI 15.12
Diamond buy 0% MFI 39.45
Eterna buy � MFI 85.81
Fbnh buy � MFI 74.74
Fcmb buy 75% sell 25% volume index 4.18 MFI 29.92
Fidelity buy 0% volume index 0.88 MFI 60.48
Fmn buy � volume index 0.93 MFI 5.72
FO buy 0% volume index 0.92 MFI 41.10
GT buy 43% sell 57% volume index 1.66 MFI 22.32
Jaiz buy � volume index 1.87 MFI 54.02
Japaul buy 0% MFI 41.79
Lasaco buy � volume index 0.98 MFI 30.02
Linkass buy � volume index 4.37 MFI 39.70
Lvstk buy 0% volume index 1.28 MFI 58.40
M&B buy 100 � volume index 1.15 MFI 67.68
Mben buy � MFI 50.06
Nascon buy � volume index 0.81 MFI 53.03
Oando buy 0% volume index 0.86 MFI 67.32
Regalins buy � MFI 30.77
Skye buy 67% sell 33% MFI 33.40
Sovereins buy � volume index 1.09 MFI 50.32
Transcorp buy 50% sell 50% volume index 0.96 MFI 55.92
Uacn Property buy 0% volume index 3.56 MFI 60.90
Uba buy 50% sell 50% volume index 0.97 MFI 41.49
Ubn buy 0% volume index 0.71 MFI 39.55
Ucap buy � MFI 51.57
Uniondac buy 0% volume index 1.14 MFI 78.62
Wapco buy 0% volume index 1.69 MFI 50.15
Zenith buy 0% volume index 0.97 MFI 25.47

http://investdataltd..com/2018/08/investdata-daily-sentiment-reports_16.html

NGSE Indicators Close Lower, As Portfolio Investor Selloffs Strain External Reserves

Market Update for August 15, 2018

The stock market at midweek had a very volatile session, increasing its losing momentum as more equity prices nosedived on the strength of continued panic selloffs irrespective of fundamentals and interim dividend expectations from stocks like the United Bank for Africa Plc, Access Bank, Stanbic IBTC and, possibly Fidelity Bank. The selloffs have been hastened by the hazy geopolitical environment and dwindling economic activities which remained amidst the declining level of the nation’s foreign reserves as shown on the Central Bank of Nigeria (CBN) website
Wednesday’s slide was also despite the continued decline in the rate of inflation as shown in the July Consumer Price Index which stood at 11.14% year-on-year, the 18th consecutive monthly decline as revealed by data released by the National Bureau of Statistics (NBS). For the first time, the rate also recorded month-on-month decline of 0.09% from the June level.
The NSE index opened midweek trading sharply lower in the morning and was sustained till midday into afternoon to touch a low of 35,061.28 basis points, from the high of 35,300.21bps, before retracing up marginally in the last few minutes, before closing at 35,074.82 points on improved volume. This signals the fact that investors are bailing out for safety to watch events unfold in the short term ahead of next year’s general elections.
The recent various economic data from CBN and NBS are mixed, confirming the prevailing situation as investor confidence declines, leading to selloffs now taking its toll on the external reserves (READ MORE). This is as foreign portfolio managers continue to drawdown their investments, despite the relatively high price of oil and increased production level on day basis.
Investdata Consulting’s Sentiment Report and Daily Reading of the market reveals blue chip companies played by foreign and institutional investors have suffered the most in this downturn. These investors have continued to exit their positions while some stocks had remained slightly stable, suffering minimal decline from their peak levels, due to the absence of hot money in those stocks. These stocks are defensive at this current trend. To identify such stocks, join Investdata Buy & Sell Signal setup for the watch list.
In the current stock market downtrend, some stocks have remained fundamentally okay. Identifying when to buy is however what technical analysis will do for you, that is why you should go for Investdata Consulting’s July 28, 2018 Stock Trading Workshop HOME STUDY PACK. These are audio-visual materials you can play to view the live class through your phone and laptop. This will help you determine when to jump into the market and specific stocks, or stay out. For your Study Pack, call or send ‘YES’ to the phone numbers below.
Midweek market technicals were negative and mixed as volume traded was high and above the recent market average in the midst of negative market breadth and sentiments as revealed by Investdata’s Daily Sentiment Report, showing a ‘sell’ position of 94% and ‘buy’ volume at 6%. Volume index was 0.82 of the day’s total transactions.
The energy behind the day’s market performance was weak, as indicated by the money flow index at 28.90bps, sharply down from previous day’s 34.85 points, indicating that funds are still leaving in the midst prevailing low liquidity in the market and economy.

Index and Market Cap
The benchmark index at the end of midweek trading lost 213.41bps at 35,069.34bps, after opening at 35,288.23bps, representing a 0.62% decline, while market capitalisation dropped by N79.91bn to close at N12.81tr, from an opening value of N12.88tr, representing 0.62% value loss, to further worsen investors’ negative position.
If you haven’t joined Investdata Buy & Sell Signal setup, where you can look over our shoulder and follow to know when to hold cash and take advantage of the watchlist of stocks for different investment purposes that you may position in, as the market decline create new opportunity. To register and become a member send Yes or stocks to the phones numbers below. The number of stocks on our watch list has increased due to the prolonged correction. Take advantage of this service to buy right and sell right.
Wednesday downturn was due to selloffs in medium and high cap stocks like Nestle, Guaranty Trust Bank, Zenith Bank, Oando, UBA, UBN, Berger Paints, Japual Oil, Eterna, Dangote Sugar and Cadbury. These impacted negatively on the NSE’s Year-to-Date return, which further worsened to 8.30%, just as market capitalization decline within the period stood at N805.98bn, 5.92% below the year’s opening value.



Bearish Sector Performance
The sectorial performance for the day was largely bearish, except for the NSE Insurance that was up by 0.04%. Market breadth was negative as the number of decliners outpaced advancers in the ratio of 29:12, to continue straight ninth sessions of bearish transition.
Market activities were up in volume and value by 27.37% and 80.07% respectively to 209.54m shares worth N2.9bn from the previous day 164.51m units valued at N1.61bn.
Transactions for the day were boosted by trading in financial services and conglomerates stocks: UBA, Zenith Bank, FFCMB, Guaranty Trust Bank and Transcorp that witnessed increased trading to top the activity chart.
The best performing stocks at the end of the session were Linkage Assurance and Union Diagnostic that topped the advancers’ table, after gaining 9.68% and 3.76%respectively, which closed at N0.68 and N0.28 respectively, purely on market forces.
On the flip side, UACN Property and Berger Paints were the worst, losing 10% and 9.72% respectively to close at N1.71 and N6.50 respectively as a result on profit taking and market trend.



Market Outlook
We expect the rate of market decline to reduce as bargain hunters take advantage of this low prices ahead of political party primaries. The ongoing anxiety in Nigeria’s political environment by party leaders are scaring investors. The market may also likely be impacted by the outcome of the expected Q2 GDP report any moment as the whole world watches Nigeria’s politicians ahead of the all-important 2019 general elections.
Meanwhile, investors continue to interpret the recent Q2 earnings reports so as to rebalance their portfolios and watch the political space, while analysing the actual numbers released so far as a basis for determining the market and economy’s direction going forward. More disappointing reports will drive the market further down, or inspire a reversal if the numbers beat expectation.
Also important, is the outcome of the shadow elections by political parties taking place in the month of August. Investors should review their positions in line with investment goals, strength of the company numbers and act as events unfold in the global and domestic environment.
However, we would like to reiterate our advice that investors should go for equities with intrinsic value, especially during this season were Q2 interim dividend payment are expected in the market arena very soon.
We advise investors to allow numbers guide their decisions while repositioning in any stock, especially now that stock prices remain volatile amidst improving company, economic and market fundamentals.

Ambrose Omordion
CRO|Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085
https://investdata.com.ng/2018/08/ngse-indicators-close-lower-as-portfolio-investor-selloffs-strain-external-reserves/

Investdata Daily Sentiment Reports

NSEASI buy 3% sell 97% volume index 0.97 MFI 19.22
Access buy � MFI 62.07
Afrprud buy 0% volume index 1.66 MFI 51.84
Aiico buy 0% volume index 3.45 MFI 31.59
CIleasing buy 0% volume index 5.73 MFI 93.83
Custodian buy 0% volume index 7.97 MFI 89.93
Diamond buy � MFI 36.97
Fbnh buy � volume index 1.34 MFI 76.45
Fcmb buy 44% sell 56% volume index 1.80 MFI 23.49
Fidelity buy 54% sell 46% volume index 0.78 MFI 45.66
GT buy � volume index 1.84 MFI 15.95
Hony flour buy 0% volume index 0.71 MFI 20.93
Nahco buy � MFI 1.57
Okomu buy 0% volume index 1.11 MFI 65.93
Regalins buy 0% volume index 1.31 MFI 25.65
Skye buy 0% volume index 4.01 MFI 19.07
Sovereins buy � MFI 50.86
Sterling buy 0% MFI 41.74
Total buy 0% volume index 1.64 MFI 63.37
Transcorp buy 0% MFI 55.02
Uba buy 23% sell 77% volume index 1.77 MFI 33.49
Ubn buy � volume index 1.51 MFI 25.80
Ucap buy 0% MFI 49.33
Wapco buy � MFI 47.59
Wema buy 0% volume index 0.87 MFI 3.85
Zenith buy 50% sell 50% volume index 0.78 MFI 13.27


https://investdataltd..com/2018/08/investdata-daily-sentiment-reports_17.html?m=1

CYCLICAL STOCK

A cyclical stock is an equity whose price is affected by the ups and downs in the overall economy. It typically relates to companies that sell discretionary items consumers can afford to buy more of in a booming economy and cut back on during a recession. These stocks are usually traded heavily as investors try to buy them at low point of a business cycle and sell them at the high point of the same cycle.
Shares of car manufacturers, luxury goods makers, clothing stores, airlines and hotels can be termed cyclical in nature. When the economy is doing well, people can afford to buy new cars, upgrade their homes, shop and travel. When the economy is doing poorly these discretionary expenses are the first things consumers cut. If a recession is very bad, cyclical stocks can become completely worthless as companies go out of business.

Investdata Academy

https://investdataltd..com/2018/08/cyclical-stock.html?m=1