Investdata Daily Sentiment Report

NSEASI buy 8% sell 92% MFI 45.60
Access buy 0% MFI 65.58
Aiico buy 0% volume index 1.22 MFI 47.06
Continsure buy � volume index 1.57 MFI 41.45
Dangcem buy 0% volume index 1.30 MFI 53.89
Diamond buy 0% MFI 26.89
Fbnh buy 67% sell 33% MFI 59.85
Fcmb buy 33% sell 67% MFI 27.95
Fidelity buy 75% sell 25% MFI 25.74
Fmn buy 33% sell 67% volume index 2.34 MFI 47.32
GT buy 0% MFI 36.37
Prestige buy � volume index 4.25 MFI 78.07
PZ buy � volume index 0.75 MFI 45.27
Regalins buy � MFI 33.99
Transcorp buy � MFI 29.18
Uba buy 40% sell 60% MFI 33.71
Unilever buy � volume index 9.37 MFI 4.96
Uniondac buy 0% volume index 1.21 MFI 30.31
Wapco buy 0% volume index 1.85 MFI 21.45
Zenith buy 0% MFI 90.91

https://investdataltd..com/2018/11/investdata-daily-sentiment-report_27.html

Speculative Trading Continues As NGSE Seeks New Incentive As Index Declines Further

Market Update for November 26

The benchmark All-Share index Nigerian Stock Exchange (NSE) on Monday closed negative, extending the fourth session of back-to-back losses on a strong selling pressure in the banking, consumer and industrial goods sectors.

Trading opened on a slight gap up in the morning to mid-morning before pulling back between midday to afternoon on selloffs in medium and highly capitalized stocks, made worse by the price adjustments of Nestle and Total Nigeria for the Q3 interim dividends declared by their directors. The index touched intraday highs of 31,779.90 basis points from a low of 31,562.31bps before retracing up marginally to finish the session at 31,579.72bps on a negative market breadth and below its opening points.

The continued selloffs have further depressed the market to make lower lows on low volume traded as investors’ apathy persisted due to the persisting unclear direction of the Federal government’s economic policies and implementation style of the budget since 2015. Economic activities that drive growth have continued to drag, often taking two steps forward and five backwards. The huge budgets and the much celebrated improvement in capital budgeting to drive developmental projects have not reflected in the economy in anyway despite the high debt profile resulting from borrowing to finance the budget.

As Nigeria goes into another election season, which has so far plagued the market, owing to the perceived uncertainties, analysts are on the lookout for a 10-year economic development blueprint with delivery time and process that will give Nigerians hope. This should not be time for mere sloganeering by politicians in the name of party manifestoes that empowers few individuals, family members, friends and business partners.

Monday’s market technicals were negative as volume traded was low amidst negative market breadth and strong selling sentiments as revealed by Investdata’s Daily Sentiment Report, which shows a sell position of 92% and 8% buy volume. The volume index for the day’s total transactions was 0.61, while momentum behind the market’s performance was weak, as Money Flow index stood at 45.60bps, from previous day’s 46.2ps, indicating that funds are leaving some stocks and the market ahead of end of the month window dressing by traders and fund managers.

Index and Market Cap
At the end of the day’s trading All Share index shed 98.98bps, to close at 31,579.71bps after opening at 31,678.79bps, representing 0.31% decline, just as market capitalization fell by N36.13bn to close, at N11.53tr from an opening value of N11.57tr, representing a 0.31% dip in value.

Attention: Join Investdata buy and sell signal setup to get all our in-depths analysis on the picture and to get access to our carefully created watch list. To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. The number of stocks on our watchlist has increased due to the prolonged market correction. Take advantage of this service to buy right and sell right.

The session’s downturn was driven by price depreciation in medium and high cap stocks likes Guaranty Trust Bank, Stanbic IBTC, Zenith Bank, UBA, Access Bank, Diamond Bank, FCMB, FBNH and Lafarge Africa. This impacted negatively, increasing the Year-to-Date loss to 17.42%, while market capitalization YTD decline rose to N2.45tr from its opening level in January, representing 15.34% drop.

Mixed Sectors Indices
Sectorial performance was largely bearish, except for the NSE Insurance and Oil/Gas that closed higher. The market breadth was negative as decliners slightly outweighed advancers in the ratio of 18:17.
Market activities were down in volume and value by 53.15% and 66.72% respectively at 104.87m shares worth N1.94bn, from previous day’s 223.84m units valued at N2.63bn.

Transaction volume was boosted by financial services, consumer goods and technology stocks like: Unilever, Zenith Bank, Inter-link, FCMB and Diamond Bank
The best performing stocks for session were PZ and GSK, topped the advancers’ table, after gaining 9.86% and 9.43% respectively to close at N11.70 and N14.50 each on market sentiments and low price; while the decliners’ side was led by Diamond Bank and AG Leventis lost 9.47% and 9.09% respectively to close at N0.86 and N0.30 each , on market forces.

Market Outlook
As we have earlier advised, speculative activities will continued to shape performance of the market since there is no immediate incentive for the market except the low prices as many stocks are hitting new 52 week low. Going by the timetable of the National Bureau of Statistics (NBS) released earlier in the year, the nation’s Q3 Gross Domestic Product (GDP) report is slated for release on Tuesday, November 27, same date as the Q3 capital importation report.

The ongoing volatility will persist as Q3 numbers assist investors and fund managers rebalance their portfolios, while watching the political space and ahead of the expected Q3 GDP and full year company earnings position. These are likely to drive prices north, or south, while determining market direction before or after Presidential Election.

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

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/2018/11/speculative-trading-continues-as-ngse-seeks-new-incentive-as-index-declines-further/

Investdata Daily Sentiment Report

SEASI buy 8% sell 92% MFI 45.60
Access buy 0% MFI 65.58
Aiico buy 0% volume index 1.22 MFI 47.06
Continsure buy � volume index 1.57 MFI 41.45
Dangcem buy 0% volume index 1.30 MFI 53.89
Diamond buy 0% MFI 26.89
Fbnh buy 67% sell 33% MFI 59.85
Fcmb buy 33% sell 67% MFI 27.95
Fidelity buy 75% sell 25% MFI 25.74
Fmn buy 33% sell 67% volume index 2.34 MFI 47.32
GT buy 0% MFI 36.37
Prestige buy � volume index 4.25 MFI 78.07
PZ buy � volume index 0.75 MFI 45.27
Regalins buy � MFI 33.99
Transcorp buy � MFI 29.18
Uba buy 40% sell 60% MFI 33.71
Unilever buy � volume index 9.37 MFI 4.96
Uniondac buy 0% volume index 1.21 MFI 30.31
Wapco buy 0% volume index 1.85 MFI 21.45
Zenith buy 0% MFI 90.91

https://investdataltd..com/2018/11/investdata-daily-sentiment-report_28.html

Kaduna Records Highest Growth, As IGR Of Nigerian States Rises 27.7% To N579bn At Half Year

Latest data by Nigeria’s National Bureau of Statistics (NBS) released on Tuesday, November 27, 2018, showed that the 36 state governments increased cumulative internally generated revenue by N125.6bn, or 27.68% in the first half of 2018.

According to the figures, a total of N579.4bn was generated in the review period, compared to N453.8bn in the corresponding period of 2017, with the lion’s share of 60% earnings coming from workers’ income tax (Pay-As-You-Earn).

In total, the report continued, the various state government Ministries, Department and Agencies (MDAs) together accounted for 18% of total revenue.
While N280.835bn was generated in the first quarter of the year, the remainder N263.343bn flowed between April and June.

In all, 28 states recorded varying levels of growth in IGR, while eight: Abia, Anambra, Benue, Taraba, Kebbi, Kwara, Ebonyi and Enugu, recorded a decline.
In the half-year, total revenue from PAYE stood at N352.509bn; while MDAs grossed N104.972bn; other taxes N84.033bn; road tax, N11.681bn; and direct assessment, N26.293bn.

The states however received N1.229tr as net allocations from the Federation Accounts Allocation Committee (FAAC) disbursements for the period, bringing total revenue available to the 36 states to N1.738tr. Total IGR to Net FAAC Allocation for the half year also stood at 47.13%.
The states, the NBS continued, maintained total external debt of $4.125bn; and gross domestic debt of N3.383tr.

Lagos State, Nigeria’s commercial and economic centre recorded the biggest chunk of total IGR at N196.395bn, or 33.89% of total, representing a 16.88% increase over the previous half-year’s N168.025bn. A total net federal allocation of N59.517bn from its total revenue for the period to N255.912bn, or 14.72% of total; just as total debt stood at N517.367bn, representing 15.29% of total; and external debt, $1.451637bn, or 34.42% of total.

Kano State recorded 67.04% IGR growth, the highest, from N11.107bn to N18.554bn, following which total revenue available came to N58.435bn. Total domestic debt was recorded at N95.42bn and external debt, $65.47m; Kaduna State followed, growing its IGR by 66.07% from N9.637bn in the 2017half year to N16.004bn, receiving N32.861bn in FAAC allocation, which brought its total available revenue to N48.865bn, as against a domestic debt of N75.606bn and external debt, $232.965m.

Imo recorded 65.86% IGR growth from N4.227bn to N7.012bn, at a time total external debt was $61.277m and domestic debt, N85.432bn. Akwa Ibom followed, growing half-year IGR by 61.5% from N7.326bn to N11.832bn in the period, just as its net FAAC Allocation of N100.201bn, brought total revenue available between January and June 2018, to N112.033bn; while domestic debt was N179.714bn and external debt, $48.385m. It was followed by Bauchi’s 35.2% from N3.407bn to N4.606bn; and Adamawa, 34.1% from N2.367bn in the first half of 2017, to N3.176bn.

Edo could only grow IGR by 6.1% from N13.015bn in the prior half year to N13.808bn; which when added to the N32.882bn net FAAC allocation brought total available revenue to N46.691bn; even as total external debt was $279.029m and domestic debt, N69.004bn.

Cross Rivers State, one of the two with trillion Naira budget could only generate a paltry N9.757bn, which however rose 47.44% from N6.617bn in the corresponding period of 2017; just as total domestic debt was N124.943bn and external, $193.796m
IGR of Bayelsa, another major oil producing states slipped 27.2%; just as Anambra’s IGR dropped by 21.6% from N9.017bn in 2017, to N7.067bn, while it external debt stood at $107.438m and domestic, N2.612bn

https://investdata.com.ng/2018/11/kaduna-records-highest-growth-as-igr-of-nigerian-states-rises-27-7-to-n579bn-at-half-year/#more

CBN Injects $210m In Wholesale Forex Segment, Others

The Central Bank of Nigeria (CBN) on Tuesday, November 27, 2018, intervened in the wholesale segment of the foreign exchange market, offering the sum of $100m to dealers in that window.
A statement by the CBN said it also made interventions of $55m each in the Small and Medium Enterprises (SMEs) and Invisibles segments to meet the needs of customers.

The statement quoted by Isaac Okorafor, Director of Corporate Communications Department at the CBN, as assuring of the bank’s continued mediation in the interbank foreign exchange market in order to guarantee stability.

The apex bank had on Wednesday last week also intervened in the wholesale segment of the inter-bank foreign exchange market to the tune of $210m.
Meanwhile, the Naira continued its stable run against the United States dollars on Tuesday, November 27, 2018, exchanging at an average of N362/$1 in the BDC segment of markets across Lagos and Abuja.

https://investdata.com.ng/2018/11/cbn-injects-210m-in-wholesale-forex-segment-others/#more

Investdata Daily Sentiment Report

NSEASI buy 10% sell 90% volume index 0.88 MFI 30.66
Access buy 0% volume index 3.59 MFI 60.05
Aiico buy 0% volume index 1.32 MFI 53.90
Cap buy 50% sell 50% volume index 12.47 MFI 97.55
Continsure buy � volume index 13.43 MFI 97.75
Dangcem buy 0% MFI 50.30
Dangflour buy 85% sell 15% volume index 2.15 MFI 59.60
Dangsugar buy 0% volume index 1.80 MFI 77.88
Diamond buy 0% volume index 0.79 MFI 25.17
Fbnh buy 0% volume index 0.70 MFI 44.22
Fcmb buy 0% volume index 0.98 MFI 12.14
Fidelity buy 67% sell 33% MFI 24.72
Fmn buy 0% volume index 1.25 MFI 61.34
FO buy � volume index 6.32 MFI 7.72
GT buy 75% sell 25% MFI 46.83
Hony flour buy 0% MFI 64.79
Lawunion buy 0% volume index 0.91 MFI 40.44
M&B buy � volume index 0.87 MFI 22.90
Nem buy 0% volume index 2.50 MFI 22.02
Nestle buy � volume index 2.20 MFI 68.73
Oando buy 14% sell 86% MFI 91.46
Transcorp buy 50% sell 50% volume index 1.65 MFI 19.64
Uacn buy 0% MFI 20.87
Uba buy 0% volume index 1.13 MFI 22.41
Ucap buy 0% MFI 23.00
Uniondac buy 0% volume index 1.40 MFI 39.53
Wapco buy 50% sell 50% volume index 4.16 MFI 40.25
Wema buy 0% volume index 2.49 MFI 44.13
Zenith buy 27% sell 73% MFI 86.19

https://investdataltd..com/2018/11/investdata-daily-sentiment-report_29.html?m=1

Volatility May Persist In NGSE As Q3 Earnings Guide Portfolio Rebalancing
Market Update for November 28

Selloffs continued on the Nigerian Stock Exchange (NSE) at the midweek, consolidating six consecutive trading sessions of bearish transition with the composite index receding further on improved volume traded.

The recent losses reflects indifference by investors to the already prolonged correction and profit taking in blue chip companies like Dangote Cement, Nigerian Breweries, Zenith Bank, FBN Holdings, UBA and Access Bank which hit their 52-week low. This prevailing bear dominance reflects the dwindling confidence and weak economic fundamentals resulting from a pure lack of economic direction and coordination by the Federal Government. This is made worse by the political uncertainties ahead of 2019 elections and end of the month activities.

Mid-week’s trading opened with the NSE’s benchmark index started the day on a back-and-forth movement before gaping up at the mid-morning session and pulling back by midday to afternoon on selloffs in highcap stocks. During the period, the index touched intraday highs of 31,295.97 basis points from a low of 30,993,97bps after breaking down the psychological line of 31,000 to test a new support level before retracing up to finish the session at 31,023.47bps on a strong selling sentiment.

Midweek’s market technicals were negative and mixed as volume traded was higher than previous day’s amidst negative market breadth and strong selling pressure as revealed by Investdata’s Daily Sentiment Report, which shows a sell volume of 90% and 10% buy position. The volume index for the day’s total transactions was 0.88. The momentum behind the market’s performance was weak, as Money Flow index dropped to 30.66bps, from previous day’s 41.11ps, indicating that funds are leaving some stocks and the market in the midst of low liquidity.

Index and Market Cap
Midweek’s session ended lower as the All Share index shed 150.24bps, to close at 31,023.47bps after opening at 31,173.71bps, representing 0.48% decline, just as market capitalization lost N54.83bn to close, at N11.33tr from an opening value of N11.38tr, representing a 0.48% dip in value. On Tuesday, the NSE’s ASI lost 406.01bps, or 1.29%, just as market capitalization closed N149bn lower.

Attention: Join Investdata buy and sell signal setup to get all our in-depths analysis on the picture and to get access to our carefully created watch list. To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. The number of stocks on our watchlist has increased due to the prolonged market correction. Take advantage of this service to buy right and sell right.

Wednesday’s downturn was impacted by losses suffered from medium and high cap stocks likes NB, Dangote Cement, Zenith Bank, UBA, Access Bank, Diamond Bank, FBNH and Oando, increasing the Year-to-Date loss to 18.89%. Market capitalization YTD decline increased to N2.26tr from its opening level in January, representing 16.84% drop.

Mixed Sectors Indices
All sectorial indices were down, except for the NSE Insurance and Consumer goods that closed green, just as market breadth was negative with decliners outnumbering advancers in the ratio of 23:12.

Market activities were up in volume and value by 21.39% and 0.80% respectively at 220.4m shares worth N2.75bn, from previous day’s 187.74m units valued at N2.73bn. Transaction volume was boosted by financial services stocks like: Access Bank, FCMB, Diamond Bank, UBA and Regency Assurance.

Continental Reinsurance and May & Baker were the best performing stocks, topping the advancers’ table, after gaining 10% and 9.96% respectively to close at N1.87 and N2.54 each on market forces and sentiment. The decliners’ side was led by Diamond Bank and NEM Insurance that lost 9.88% and 8.83% respectively to close at N0.73 and N2.37 each , on market forces and profit taking

Market Outlook
As the share prices of more companies hit new 52-week low, expect sustained bargain hunting to shape performance of the market ahead of month end, since there is no immediate incentive for the market except the low prices as more stocks hit their 10-year low.
The ongoing volatility will persist as Q3 numbers assist investors and fund managers rebalance their portfolios, while watching the political space and ahead of the expected Q3 GDP and full year company earnings position. These are likely to drive prices north, or south, while determining market direction before or after Presidential Election.

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,

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

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/2018/11/volatility-may-persist-in-ngse-as-q3-earnings-guide-portfolio-rebalancing/

Speculative Trading Continues As NGSE Seeks New Incentive As Index Declines Further

Market Update for November 26

The benchmark All-Share index Nigerian Stock Exchange (NSE) on Monday closed negative, extending the fourth session of back-to-back losses on a strong selling pressure in the banking, consumer and industrial goods sectors.
Trading opened on a slight gap up in the morning to mid-morning before pulling back between midday to afternoon on selloffs in medium and highly capitalized stocks, made worse by the price adjustments of Nestle and Total Nigeria for the Q3 interim dividends declared by their directors. The index touched intraday highs of 31,779.90 basis points from a low of 31,562.31bps before retracing up marginally to finish the session at 31,579.72bps on a negative market breadth and below its opening points.

The continued selloffs have further depressed the market to make lower lows on low volume traded as investors’ apathy persisted due to the persisting unclear direction of the Federal government’s economic policies and implementation style of the budget since 2015. Economic activities that drive growth have continued to drag, often taking two steps forward and five backwards. The huge budgets and the much celebrated improvement in capital budgeting to drive developmental projects have not reflected in the economy in anyway despite the high debt profile resulting from borrowing to finance the budget.

As Nigeria goes into another election season, which has so far plagued the market, owing to the perceived uncertainties, analysts are on the lookout for a 10-year economic development blueprint with delivery time and process that will give Nigerians hope. This should not be time for mere sloganeering by politicians in the name of party manifestoes that empowers few individuals, family members, friends and business partners.

Monday’s market technicals were negative as volume traded was low amidst negative market breadth and strong selling sentiments as revealed by Investdata’s Daily Sentiment Report, which shows a sell position of 92% and 8% buy volume. The volume index for the day’s total transactions was 0.61, while momentum behind the market’s performance was weak, as Money Flow index stood at 45.60bps, from previous day’s 46.2ps, indicating that funds are leaving some stocks and the market ahead of end of the month window dressing by traders and fund managers.

Index and Market Cap
At the end of the day’s trading All Share index shed 98.98bps, to close at 31,579.71bps after opening at 31,678.79bps, representing 0.31% decline, just as market capitalization fell by N36.13bn to close, at N11.53tr from an opening value of N11.57tr, representing a 0.31% dip in value.

Attention: Join Investdata buy and sell signal setup to get all our in-depths analysis on the picture and to get access to our carefully created watch list. To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. The number of stocks on our watchlist has increased due to the prolonged market correction. Take advantage of this service to buy right and sell right.

The session’s downturn was driven by price depreciation in medium and high cap stocks likes Guaranty Trust Bank, Stanbic IBTC, Zenith Bank, UBA, Access Bank, Diamond Bank, FCMB, FBNH and Lafarge Africa. This impacted negatively, increasing the Year-to-Date loss to 17.42%, while market capitalization YTD decline rose to N2.45tr from its opening level in January, representing 15.34% drop.

Mixed Sectors Indices
Sectorial performance was largely bearish, except for the NSE Insurance and Oil/Gas that closed higher. The market breadth was negative as decliners slightly outweighed advancers in the ratio of 18:17.
Market activities were down in volume and value by 53.15% and 66.72% respectively at 104.87m shares worth N1.94bn, from previous day’s 223.84m units valued at N2.63bn.

Transaction volume was boosted by financial services, consumer goods and technology stocks like: Unilever, Zenith Bank, Inter-link, FCMB and Diamond Bank
The best performing stocks for session were PZ and GSK, topped the advancers’ table, after gaining 9.86% and 9.43% respectively to close at N11.70 and N14.50 each on market sentiments and low price; while the decliners’ side was led by Diamond Bank and AG Leventis lost 9.47% and 9.09% respectively to close at N0.86 and N0.30 each , on market forces.

Market Outlook
As we have earlier advised, speculative activities will continued to shape performance of the market since there is no immediate incentive for the market except the low prices as many stocks are hitting new 52 week low. Going by the timetable of the National Bureau of Statistics (NBS) released earlier in the year, the nation’s Q3 Gross Domestic Product (GDP) report is slated for release on Tuesday, November 27, same date as the Q3 capital importation report.

The ongoing volatility will persist as Q3 numbers assist investors and fund managers rebalance their portfolios, while watching the political space and ahead of the expected Q3 GDP and full year company earnings position. These are likely to drive prices north, or south, while determining market direction before or after Presidential Election.

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

Attention! Attention!! Attention!!!
Invest 2019 Traders & Investors Summit
Theme: Best Returns In 2019 & Beyond: Adopting The Billionaire Mentality In Stock Selection

Sub-Topic
1. Pre-election year performance Review and post-election Investing opportunities
2. Simple Strategies for picking undervalued stocks With Fundamental & Technical Tools
3. Psychology of Equities Trading For Managing Positions & Money
4. Mastering Market Dynamics & Dividend Techniques To Grow Your Income in 2019
5. Picking the Right Stocks to Retire Rich In Financial Independence
6. Nigeria’s Post Election Economy & 2019 Sectoral Analysis
7. Understanding the big picture of Budget Delay & Its Implication on the Economy/Stock Market

Investdata Consulting Ltd presents The 8th edition of its TRADERS & INVESTORS SUCCESS SUMMIT tagged: INVEST 2019, designed to be the biggest yearly workshop for stock market traders &investors in Nigeria.

Theme: Adopting The Billionaire’s Mentality In Stock Selection.
Venue: Ostra Hotel & Hall, Alausa, Opposite NNPC Gas-Plant Ikeja Lagos.
Date: Saturday, December 8, 2018.
Time: 10a.m.

The huge decline in stocks from its January 2018 peak has not necessarily been due to the fundamentals of quoted companies, but investors flight for safety over uncertainties arising from next year’s general elections, participants will learn from experts/facilitators at the workshop, how and where to position for juiciest returns, depending on investment horizon.

Previous editions have attracted participants from diverse class of investors and traders, as well as several world-class professionals and experts as speakers and facilitators, including representatives of quoted companies and stockbroking firms. The event has helped market players to effectively time opportunities for higher returns in the New Year.

In today’s equity market, there is wisdom in being able to identify ‘buy’ opportunities very early and sell for maximum returns, while minimizing loss in any market situation.Understanding the dynamics of the stock market during any cycle is the very key to successful trading and investing. For this to happen,we must arm ourselves with knowing the essential driving forces behind the market as they move up and down.

At the INVEST 2019 TRADERS & INVESTORS SUCCESS SUMMIT (TISS) you will discover some seldom considered aspects of investing and trading that can help you bag more big winners, while ratcheting down the number of losers in 2019 and beyond.
This summit will provide answers to these six crucial questions AND others

• What exactly is it we are trying to do as traders & investors?
• What occurs every post-election year that we wish to take advantage of?
• What are the prevailing market moves and who are the dominant players?
• What is ‘smart money’ doing?
• Where should we look to enter the market or exit?
• Is it the same every day, season and year?

When you answer these important (and frequently overlooked) questions correctly, your trading/investing skills will launch into new levels.
For Registration kindly send YES or REG to 08028164085, 08032055467, and 08111811223 now for details.

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/2018/11/speculative-trading-continues-as-ngse-seeks-new-incentive-as-index-declines-further/

Investdata Monthly Sentiment Report

NSEASI buy 17% sell 83% volume index 0.79 MFI 51.93
Access buy 61% sell 39% volume index 0.78 MFI 32.74
Afrprud buy 48% sell 52% volume index 0.70 MFI 69.85
Aglev buy 22% sell 78% MFI 20.53
Aiico buy 0% MFI 43.84
Air service buy � MFI 49.30
Berger buy 0% MFI 85.00
Beta buy � MFI 75.67
Cadbury buy 50% Sell 50% MFI 49.38
Cap buy 62% sell 38% volume index 1.89 MFI 46.68
Caverton buy � MFI 47.42
Ccnn buy 2% sell 98% volume index 2.64 MFI 71.88
CIleasing buy 0% MFI 74.09
Continsure buy � MFI 53.49
Cutix buy 43% sell 57% MFI 73.58
Dangcem buy 8% sell 92% volume index 0.71 MFI 61.29
Dangflour buy 58% sell 42% volume index 1.07 MFI 63.91
Dangsugar buy 21% sell 79% MFI 71.37
Diamond buy 5% sell 95% volume index 1.51 MFI 57.04
Eterna buy 0% MFI 62.19
ETI buy 90% sell 10% MFI 56.26
Fbnh buy 28% sell 72% volume index 0.75 MFI 66.63
Fcmb buy 35% sell 65% volume index 1.13 MFI 37.14
Fidelity buy 74% sell 26% MFI 59.23
Fidson buy 74% sell 26% MFI 93.73
Allum buy 33% sell 67% MFI 58.50
Fmn buy 87% sell 13% volume index 0.78 MFI 58.09
FO buy 17% sell 83% volume index 0.76 MFI 45.89
Glaxo buy � MFI 60.49
GT buy 9% sell 91% volume index 0.85 MFI 27.77
Hony flour buy 71% sell 29% volume index 0.89 MFI 46.14
Jaiz buy 17% sell 83% MFI 32.58
Japaul buy 0% volume index 0.90 MFI 53.61
JBerger buy 16% sell 84% MFI 41.52
Lasaco buy � MFI 31.06
Lawunion buy 0% MFI 70.75
Learn buy 17% sell 83% MFI 69.69
Linkass buy 0% MFI 80.72
Lvstk buy 0% MFI 51.05
Mansard buy � MFI 20.73
M&B buy 83% sell 17% volume index 0.70 MFI 48.18
Mben buy 29% sell 71% MFI 22.54
Mobil buy 94% sell 6% MFI 81.85
Nahco buy 68% sell 32% MFI 27.99
Nascon buy 0% MFI 74.30
Neimeth buy 25% sell 75% MFI 54.12
Nem buy 14% sell 86% MFI 75.41
Nestle buy 89% sell 11% volume index 0.84 MFI 53.94
Nigerins buy 33% sell 67% MFI 46.16
Oando buy 11% sell 89% volume index 1.28 MFI 47.77
Okomu buy 0% MFI 77.02
Presco buy 50% sell 50% MFI 77.59
PZ buy 89% sell 11% volume index 0.74 MFI 37.66
Red buy 71% sell 29% volume index 0.92 MFI 33.51
Regalins buy 0% volume index 3.93 MFI 2.87
Seplat buy 0% MFI 54.24
Stanbic buy 21% sell 79% volume index 0.93 MFI 20.91
Sterling buy � MFI 80.18
Total buy 43% sell 57% MFI 35.03
Transcorp buy 18% sell 82% MFI 80.69
Uacp buy 39% sell 61% MFI 55.21
Uacn buy 71% sell 29% MFI 41.16
Uba buy 47% sell 53% MFI 39.16
Ubn buy 64% sell 36% MFI 50.38
Ucap buy 29% sell 71% MFI 58.30
Unilever buy 31% sell 69% volume index 2.66 MFI 52.69
Uniondac buy 25% sell 75% volume index 2.16 MFI 61.32
Vitafoam buy 82% sell 18% MFI 67.14
Wapco buy 0% volume index 1.04 MFI 46.35
Wapic buy 0% MFI 71.82
Wema buy 10% sell 90% MFI 69.86
Zenith buy 14% sell 86% volume index 2.08 MFI 43.34

https://investdataltd..com/2018/12/investdata-monthly-sentiment-report.html

With 18.88% Loss YTD, Nigeria’s ASI Ranks 5th Worst Performing Globally

If there is one thing that worries regulators of the Nigerian capital market and indeed the economy, it is the sustained and helpless decline in the benchmark All-Share index and market capitalization of the Nigerian Stock Exchange (NSE).

Nigeria’s ASI has continued to attain lower lows, declining by 18.88% year-to-date ranking it the fifth worst performing market in the world, behind fellow West African bourse- the Nairobi Stock Exchange in Kenya which topped the list with 25.09%.
The Athens Stock Exchange in Greece followed Nairobi, shedding 24.83%, ahead of China and Dubai Financial Markets in the United Arab Emirates (UAE) with 21.33% and 20.32% negative returns YTD respectively.

In all, looking at stock market returns (in local currency) across 75 countries around the world, 2018 has turned into a red year for most equities as the average country loss is now 3.75% negative YTD.
Worse still, only just 20 countries (26.7% of total) are in the green for the year, while 55 are in the red.
Among the 20 exchanges with benchmark indices still in the green, Ukraine ranks number one, having recorded 83.46% returns on investment (in local currency); followed by Jamaica (+32.6%), Qatar (+21.2%), and Brazil (+16.59%). Abu Dhabi (UAE) and Romania are the only other countries up 10%+ on the year.

Of the G7 countries, the U.S ranks best with a minuscule gain of 1.82%. The U.S is also the only G7 country in positive territory so far this year, it was followed by Japan which ranks second best with a YTD decline of 2.58%. France is third at -6.2%; Canada, -6.85%, and the UK, -8.89%. Italy and Germany rank are at the bottom of the G7 group with double-digit declines of 12.5%.

Of the “BRICs”, Brazil ranks first with returns on investment of 16.49%, ahead of India with +4.87%. Russia is down by 3.55%; China, -21.33%, making it the third worst on the list of 75 countries, and one of just four countries that lost 20% and more.

The ongoing adjustment in the market’s perception on the interest rate outlook is a catalyst for what could be a very aggressive rebound in stocks, going into the year end. More fuel would be a positive outcome from the planned Trump/Xi meetings on the U.S./China trade relations.

With the above scenario in mind, the expected biggest rebounds in the world should be among emerging markets where MSCI composite index had suffered 27% loss from January highs. The low sovereign debt and growth outlook in the emerging markets will support rebound and drive equity prices as the end of rate normalization is near and treasury yield has started looking down

https://investdata.com.ng/2018/11/with-18-88-loss-ytd-nigerias-asi-ranks-5th-worst-performing-globally/#more

NGSE capitalization Loss N581.22bn In Nov, As Blue-chip Stocks Suffer Heavy Casualty

If there is one thing that worries regulators of the Nigerian capital market and indeed the economy, it is the sustained and helpless decline in the benchmark All-Share index and market capitalization of the Nigerian Stock Exchange (NSE).

Nigeria’s ASI has continued to attain lower lows, declining by 18.88% year-to-date ranking it the fifth worst performing market in the world, behind fellow West African bourse- the Nairobi Stock Exchange in Kenya which topped the list with 25.09%.

The Athens Stock Exchange in Greece followed Nairobi, shedding 24.83%, ahead of China and Dubai Financial Markets in the United Arab Emirates (UAE) with 21.33% and 20.32% negative returns YTD respectively.

In all, looking at stock market returns (in local currency) across 75 countries around the world, 2018 has turned into a red year for most equities as the average country loss is now 3.75% negative YTD.
Worse still, only just 20 countries (26.7% of total) are in the green for the year, while 55 are in the red.

Among the 20 exchanges with benchmark indices still in the green, Ukraine ranks number one, having recorded 83.46% returns on investment (in local currency); followed by Jamaica (+32.6%), Qatar (+21.2%), and Brazil (+16.59%). Abu Dhabi (UAE) and Romania are the only other countries up 10%+ on the year.

Of the G7 countries, the U.S ranks best with a minuscule gain of 1.82%. The U.S is also the only G7 country in positive territory so far this year, it was followed by Japan which ranks second best with a YTD decline of 2.58%. France is third at -6.2%; Canada, -6.85%, and the UK, -8.89%. Italy and Germany rank are at the bottom of the G7 group with double-digit declines of 12.5%.

Of the “BRICs”, Brazil ranks first with returns on investment of 16.49%, ahead of India with +4.87%. Russia is down by 3.55%; China, -21.33%, making it the third worst on the list of 75 countries, and one of just four countries that lost 20% and more.

The ongoing adjustment in the market’s perception on the interest rate outlook is a catalyst for what could be a very aggressive rebound in stocks, going into the year end. More fuel would be a positive outcome from the planned Trump/Xi meetings on the U.S./China trade relations.

With the above scenario in mind, the expected biggest rebounds in the world should be among emerging markets where MSCI composite index had suffered 27% loss from January highs. The low sovereign debt and growth outlook in the emerging markets will support rebound and drive equity prices as the end of rate normalization is near and treasury yield has started looking down

https://investdata.com.ng/2018/12/ngse-capitalization-loss-n581-22bn-in-nov-as-blue-chip-stocks-suffer-heavy-casualty/

5Days Left! Make Your Decision Today

Register for the Invest 2019 Investors and Traders Summit

Few weeks, we sent you an invitation to register for my *Invest 2019 Investors and Traders Summit hold at Ostra hall and hotel at Alausa, Ikeja Saturday 8th, December 2018* which could be the most important information you will ever read about attracting money to you and creating colossal financial breakthroughs.

But, for some reason you decided this wasn't right for you.

You may be right, or you may be wrong, or maybe what I offered simply wasn't compelling enough.

Well now I'm going to give you the chance to change your mind by offering a free 2 months buying and selling signal subscription. This is a premium membership for attracting More Wealth and Abundance Into Your Life which we are releasing as a FREE bonus when you register for my seminar on or before 7th December, 2018

>>> Click below to get the details. <<<

http://training.investdataonline.com/2019summit

Just as a quick refresher I've included what you'll get should you choose to invest on the buying and selling signal Premium Membership. Remember, you’ll be learning the little known secrets (and never talked about) success philosophies, beliefs, thinking and personal behaviors that allow millionaire stock investors to attract MAXIMUM money and create MAXIMUM wealth FAST through stock market.

For a quick recap, in the Invest 2019 summit, You’ll discover:

* Pre-election year performance Review and post-election Investing opportunities

· Simple Strategies for picking undervalued stocks With Fundamental & Technical Tools

· Psychology of Equities Trading For Managing Positions & Money

· Mastering Market Dynamics & Dividend Techniques to Grow Your Income in 2019

· Picking the Right Stocks to Retire Rich in Financial Independence

· Nigeria’s Post Election Economy & 2019 Sectoral Analysis

· Understanding the big picture of Budget Delay & Its Implication on the Economy/Stock Market

And much, much more

This ends on Friday 11:59pm midnight, so invest now before it’s too late.

Remember the only wrong decision you can make is not getting this because we have a *60 days guarantee* so after you get this, it isn't for you, simply call 08028164085,08032055467 or send an email to ambroseconsultants@yahoo.com and they will happily return every kobo you've invested in the Seminar AND you'll get to keep the bonus as a gift from me.

>>> Register for the Invest 2019 Investors and Traders Summit Now ... Click below <<<

http://training.investdataonline.com/2019summit

Happy Trading,
Ambrose Omordion

MARKET REVIEW FOR THE MONTH OF NOVEMBER 2018



https://www.youtube.com/watch?v=rW0qixIxMxI&feature=youtu.be

Investdata Daily Sentiment Report

NSEASI buy 41% sell 59% volume index 0.96 MFI 24.97
Access buy 50% sell 50% MFI 63.47
Caverton buy � volume index 2.75 MFI 59.38
Dangcem buy 0% volume index 3.09 MFI 39.40
Dangflour buy � MFI 61.73
Fbnh buy 83% sell 17% volume index 1.48 MFI 62.20
Fcmb buy 25% sell 75% volume index 2.89 MFI 44.98
Fidelity buy 60% sell 40% MFI 30.61
Fmn buy 0% MFI 64.24
GT buy 85% sell 15% volume index 0.88 MFI 48.84
Hony flour buy 0% volume index 0.92 MFI 76.92
Jaiz buy � volume index 0.79 MFI 36.55
Lasaco buy 0% volume index 0.81 MFI 59.22
Nestle buy � volume index 0.84 MFI 47.95
Oando buy 0% MFI 93.79
Regalins buy � volume index 1.09 MFI 55.83
Sterling buy � MFI 62.46
Transcorp buy 50% sell 50% volume index 0.75 MFI 19.81
Uba buy 33% sell 67% volume index 2.39 MFI 36.22
Ucap buy 0% MFI 24.52
Wapco buy � volume index 1.85 MFI 36.16
Zenith buy 50% sell 50% MFI 83.09

https://investdataltd..com/2018/12/investdata-daily-sentiment-report.html?m=1

December Outlook: Shopping For Santa Claus, Year End Rally On NGSE

In recent times, global economic performance has turned positive, with a healthy pace of recovery judging by data emanating from the developed economies in the form of strong GDP numbers. This is however now being threatened by the ongoing trade war between China and the U.S in the midst of declining in commodity prices, especially crude oil.

These are compounded by the Brexit and others which remain veritable reasons for concern among investors and regardless of the signals such as the interest rates now being tightened which is capable of redirecting the flow funds to boost economic growth that would push stock markets up again after the recent correction gale.

Back home, the possibility of the Nigerian stock market rebounding pre, or post the February 16 Presidential election is high, considering the recent over-subscription of the nation’s $2.5bn Eurobond, which is enhancing recently the gradual but steady upward movement in the nation’s external reserves. There is also expected year-end increase in portfolio repositioning ahead of 2019 where equity prices are low and undervalued.

Recent report from Bank of America shows that investors’ funds to emerging markets increased from 5% in October 2018 to 13% by November.
Expectedly, the biggest rebounds in global markets should be emerging markets, given that the MSCI composite index had suffered 27% fall from the January highs. The low sovereign debt and growth outlook in emerging markets will support a rebound and drive equity prices as the end of rate normalization is near and Treasury Yield has started looking down. The 10-year ends the week well off the highs of the past two months, and at the important 3% level.

Due to end of year expectations that triggered economic activities in the last two months of the quarter as reflected in the positive macro-economic data such as the November Purchasing Managers Index (PMI) released by the Central Bank of Nigeria (CBN). The index has further expanded to 57.9 points from 56.8 points in October, signaling recovery in the manufacturing sector. This data will be appreciated when considered against Q3 numbers from the sector were below market and analysts’ expectations.

With one or two quarterly earnings expected in this month, as well as new trading patterns that will unfold due to seasonal changes, as investors and traders will likely reposition and balance their portfolios ahead of 2018 full year earnings in 2019. This is based on their interpretation of the scorecards and changes that will keep the market oscillating, looking at the low entry points and expected high Dividend Yield at the peak of earnings season in March 2019.

The Q3 numbers released shows the earnings position and health of the listed companies and indeed the market, while stocks that had suffered huge losses but have strong fundamental should be the target of investors and traders, given their high upside potentials. Such strong intrinsic values remain a plus and should guide investors to know where to look while seeking to invest profitably for the remaining days of the year and beyond.

Traders and investors who understand the importance of combining fundamental and technical analysis to make investment decisions in the stock market should take this opportunity of a prolonged pullback in prices to position in some sectors for short, medium- and long-term gains. Operators should search for such goldmines especially in sectors like banking, conglomerates, industrial goods, oil and consumer goods, after a carefully study of the recent price patterns and fundamental data available in the market.

What to expect in December
• Expect oil price oscillation to continue and to influence government revenue positively or negatively, depending on the outcome of this weekend’s meeting of the Organisation of Petroleum Exporting Countries (OPEC).
• Improved liquidity should be envisaged in the market, especially with the Eurobond proceeds being used to finance Nigeria’s 2018 budget, besides electoral campaign spending that have already kicked off and is expected to flow into the market in form of portfolio investment that will support the market.
• Seasonal trending with few late filers of quarterly numbers expected, with much or no impact on the market, depending on the strength of the numbers. However, blue-chip companies will continue to oscillate on the strength of company and market fundamentals as repositioning and rebalancing stays till year-end.
• The oscillating trend of equity prices as a result of portfolio repositioning along the line of positive numbers by foreign and local investors that will boost activities in this last month of the year.
• Market outlook for the new month remains mixed as few quarterly and one full year earnings are expected. The return of positive sentiments and strong momentum may not be ruled out as the market expects the improving economic activities to be sustained with the last-minute implementation of the 2018 budget. This will be if government shows interest again in the economy, instead of the current situation where all attention is on politics and 2019 elections.
• The relative low Price-to-Earnings ratio in the market may further attract demand for stocks. However, all must however invest wisely using technical and fundamental analysis when taking decisions.
• Managing risk and protecting capital at this point is very important, so you will be able to determine when to buy or sell, by watching the stocks and the market, using technical analysis.
• Let numbers released by companies guide your decision and timing how long to stay in that position.
• Know the categories of stocks that will rally after the presidential election, if PDP or APC wins, by joining us at the INVEST 2019 TRADERS & INVESTORS SUCCESS SUMMIT holding at Ostra Hotel & Hall, Alausa, Ikeja opposite NNPC Gas Plant. December 8, 2018.

To start your journey to financial success in 2019, join us at the INVEST 2019 TRADERS & INVESTORS SUCCESS SUMMIT

In view of the prolonged market correction and the opportunity of a bull-run in the medium to long-term, the need to be a part of INVEST 2019, cannot be over-emphasized.
Our carefully assembled eminent speakers will address the following issues:
Pre-election year performance Review and post-election Investing opportunities –Ms Toyin F. Sanni, Group CEO of Emerging Africa Capital Group, an African provider of integrated financial services covering Advisory and Capital Raising, Trusts, Wealth Management and Investment Facilitation. She was until June 30, 2018, GCEO at United Capital Plc, a leading African investment banking and financial services Group providing capital financing solutions to African governments, companies, and individuals.

A lawyer and Fellow of the Chartered Institute of Stockbrokers, among others, she will discuss how, historically, the factors and policies that have influenced Nigeria’s stock market in an election year, implications for 2019 and how it would drive equity prices higher as recovery expectation continues.
Understanding the big picture of Budget Delays and Implications on the Economy/Stock Market -Alhaji Garba Kurfi, Managing Director of APT Securities & Funds Limited is a Fellow of both the Institute of Chartered Accountants of Nigeria (FCA) and the Chartered Institute of Stockbrokers (FCS). He is also a former council member of the Nigerian Stock Exchange.

Kurfi will address the importance of government’s yearly budget and its role in economic growth; impact of budget delays and implications on the economy; and how the N8.9tr post-election year budget will affect the economy and stock market. He will review the budget implementation style in the past three years, and the impact across board.

Simple Strategies for picking undervalued stocks With Fundamental & Technical Tools-Mr. Abdul-Rasheed Oshoma Momoh, Head, Capital Market, TRW Stockbrokers Limited, a graduate of the Ahmadu Bello University, Zaria; and Fellow Member of the Chartered Institute of Stockbrokers, is a certified Technical Analyst and guru in short term trading techniques.
Participants will learn how to read price actions and chart patterns like the professionals, for a do-it-yourself approach to investing. You will learn notice when professional traders are entering and exiting the market, in that way, you can “shadow” their trades and possibly ask questions! Participants will also learn how to find low priced stocks that are ready to break out; and why some low-priced stocks are better trade candidates than others.

Mastering Market Dynamics & Dividend Techniques For Income Growth in 2019- Mr. Ambrose Omodion, Chief Research Officer, InvestData Consulting Limited, is a Fellow of the Institute of Professional Financial Managers, UK; Associate Member of the Certified Pension Institute of Nigeria and a Certified Financial Manager. He is a South Africa and UK-trained stock market analyst, technician and Convener of Traders & Investors Summit.

A regular guest on Rainbow Fm 94.1 (Friday 2.30pm-3.30pm) and financial market columnist at daily independent newspaper, Omordion will reveal how to take advantage of seasons, patterns and cycles to invest profitably. Participants will also see how market cycles support market reactions to earnings; and how to use earnings calendar, trend, surprises and quality of numbers in making profitable investment decision in 2019 and beyond. He will also take participants through companies with a high to grow dividend payout relative to earnings power and price, and those from which to expect a cut.

Psychology of Equities Trading For Managing Positions & Money –Engr. Ekwueme Mike Anyadibe, Head, Fixed Income Sales at TRW Stockbrokers Limited a ‘seasoned engineer,’ has developed and applied econometric techniques to the Nigerian financial & secondary commodity markets. He has successfully created ‘timing & trend’ models of the Nigerian Stock Exchange, for example, based on technical analysis of ‘Real Nigerian Investors’ Behavior & Sentiments.

Participants will learn how to protect their gains when trading. You will learn early warning signs of when a trend is about to turn against you; know when it’s safe to stay in a trend or jump out; how to see optimal buying points in oversold conditions; and how to creatively manage money and positions to minimize risk

Nigeria’s Post Election Economy & 2019 Sectoral Analysis, Mr.Razaq Abiola, Economist/Head, Investor Relations and Portfolio Investment at United Bank for Africa Plc, is responsible for managing the equity and debt capital of the Group, besides overseeing its private equity investments. As the Group’s Economist, he provides views on the economy of key African markets where UBA operates, with focus on the ALM implications of key macro expectations and events in these economies and sectors.

Abiola will give expectations and outlook for the Economy in 2019 and impact of government policies on sectors in the post-election year to boost industry performance, economy and stock market, looking at the expected reforms that come with new dispensation. Also, he will look at sectors to watch going into 2019 and beyond.

Picking the Right Stocks for Financial Independence and to Retire Rich – Mr. Mike Uzor, Managing Director of Datatrust Consulting Limited is financial analysts and consultant. Holder of Master of Business Administration from Kensington University, California has traversed core areas of the financial market- banking, stock brokerage, pension and marketing communications. His practical knowledge and experience from these equipped him to author How to Buy & Sell Shares in Nigeria, a practical guide.

At the Invest 2019, he will show you how to take advantage of seasons, patterns and cycles to plan for a successful retirement, knowing that some events occur once in two, four and seven years. Participants will also learn criteria for choosing right stocks for retirement in financial freedom; the sectors and how to maximize the opportunity of the current low prices to select right.

As benefits from the Summit, participants will get free Technical Analysis Navigators that combines timing & trend’ models for trading Nigerian Stocks, Forex, Derivative and Commodities. Facilitators will discuss Stocks to Watch, as well as learn the 10 Golden Stocks To Buy in 2019.

Ambrose Omordion
CRO|Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467ttps://investdata.com.ng/2018/12/december-outlook-shopping-for-santa-claus-year-end-rally-on-ngse/

Volatility Still, As Investors Review Q3 Numbers, Rebalance Portfolios, Ahead 2019 Polls


Market Update for December 3

The nation’s equity market had a mixed session on Monday to kick start the new month on a negative note as the composite All-Share index closed lower to halt previous day’s gains on a mixed sentiment and low traded volume.
Friday’s seeming improved buying interest was attributed to traders and fund managers end-of-month window dressing of their trading accounts and portfolios which pushed the market up. Trading opened on Monday with marginal gap up and then sell-off at mid-morning to early afternoon as high cap stocks like Dangote Cement, Nigerian Breweries and Stanbic IBTC lost value alongside profit booking in insurance stocks. The index however retraced up after touching intraday low of 30,732.76 basis points from highs of 30,895.41bps before finally closing at 30,798.76bps on a positive market breadth.

The rebound in the manufacturing activities as reported by CBN as PMI stood at 57.9 points in November against 56.8 in October, signaling a significant expansion in the sector is expected to reflect on Q4 economic data ahead of the earnings reporting season in 2019Q1. In addition to positive trade talks that came out of G20 summit where the U.S and China agreed a 90-day ceasefire for re-negotiation, added to the rebound in oil price ahead of this week’s meeting of the Organisation of Petroleum Exporting Countries (OPEC).

Monday’s market technicals stayed weak and mixed with lower volume traded than the previous day’s in the midst of positive market breadth and mixed sentiment as revealed by Investdata’s Daily Sentiment Report, which shows a sell position of 59% and 41% buy volume. The volume index for the day’s total transactions was 0.76.
The energy behind the market’s performance was further weakened, as Money Flow Index dropped to 24.79bps, from previous day’s 25.96ps, indicating that funds are leaving some stocks for others and also the market in the midst of prevailing low liquidity ahead of year end rally

Index and Market Cap
At the end trading on Monday, the Nigerian Stock Exchange’s ASI shed 75.41bps, closing at 30,798.76bps after opening at 30,874.17bps, representing 0.24% decline, just as market capitalization dropped N27.54bn at N11.24tr from an opening value of N11.26tr, representing a 0.24% value loss.
Attention: Join Investdata buy and sell signal setup to get all our in-depths analysis on the picture and to get access to our carefully created watch list. To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. The number of stocks on our watchlist has increased due to the prolonged market correction. Take advantage of this service to buy right and sell right.
The day’s downturn increased Year-to-Date loss position to 19.47%, as market capitalization YTD decline stood at N2.37tr from its opening level in January, representing 17.56% down.

Mixed Sectors Indices
Sectorial performance indices were largely bearish, except for the NSE Banking and Oil/Gas that closed higher, just as market breadth was positive with advancers outnumbering decliners in the ratio of 19:14.
Market activities were mixed as volume fell by 16.93% and 63.58% to 207.24m shares from previous day’s 249.42m units, while value improved by 6.63% to N2.55bn from Friday’s N2.39bn, with transaction volume boosted by financial services stocks like: FCMB, FBN Holdings, UBA, Diamond Bank and Zenith Bank.
Jaiz Bank and Diamond Bank were the best performing stocks, topping the advancers table, after gaining 10% and 9.23% respectively, closing at N0.44 and N0.71 each on low price attraction and market forces. The decliners’ side was led by Continental Reinsurance and MRS Oil that lost 10% and 9.98% respectively, closing at N1.80 and N25.70 each, on market forces and profit booking.

Market Outlook
We expect sustained bargain hunting and portfolio repositioning for year-end to shape performance of the market ahead of Santa Claus rally, as number of companies hitting new 52-week low are on the increased to reflect undervalue state of the market.
The ongoing volatility will persist as Q3 numbers assist investors and fund managers rebalance their portfolios, while watching the political space and ahead of the expected Q3 GDP and full year company earnings position. These are likely to drive prices north, or south, while determining market direction before or after Presidential Election.
Investors should review their positions in line with their 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,
We advise investors to allow numbers guide their decisions while repositioning in any stock, especially now that stock prices remain low in the midst of weak 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/2018/12/volatility-still-as-investors-review-q3-numbers-rebalance-portfolios-ahead-2019-polls/#more

Lafarge Africa Board Pegs N89.21bn Rights Issue At N12 Per Share


The board of Lafarge Africa Plc on Tuesday notified The Nigerian Stock Exchange that at its meeting of Monday December 3, 2018, it approved the terms of the N89.21bn rights issue.
Recall that the company’s shareholders had at the Extra-Ordinary General Meeting of September 25, 2018, gave their blessing to the issue, including the N12 per share.

The directors approved that existing shareholders be issued six new shares for every seven units held at the qualification date to be announced later.
While regulatory approval process is ongoing, the notice added that the Rights Price represents about 10.45% discount on Lafarge Africa’s traded closing price as at Monday, December 3, 2018.
The rights issue, which is in line with the company’s plan to grow and strengthen its operations will also involve restructuring of its outstanding short term $315m shareholder loans.

At the September 25 EGM, Mobolaji Balogun, the board’s chairman explained that “the additional capital to be raised will further help to deleverage the company’s balance sheet and provide head room for the expansion of our business.”
The company’s refinancing plan, according to the Chief Executive, Michel Puchercos “is aimed at preparing for future development in Nigeria, improving the company’s leverage as well as strengthen its profitability.”

Recall that Lafarge Africa, on November 24, 2017, opened a rights issue to raise N131.65bn by way of 3,097,653,023 ordinary shares of 50 Kobo each at N42.50 per share on the basis of five new ordinary shares for every nine ordinary shares held as at November 1, 2017. The issue closed on and December 15.

https://investdata.com.ng/2018/12/lafarge-africa-board-pegs-n89-21bn-rights-issue-at-n12-per-share/#more

Investdata Daily Sentiment Report

NSEASI buy 89% sell 11% volume index 0.77 MFI 26.21
Access buy � volume index 0.97 MFI 50.22
Afrprud buy 0% volume index 1.23 MFI 20.67
CCNN buy 0% MFI 2.49
Dangcem buy � volume index 1.18 MFI 41.38
Dangflour buy � MFI 63.00
Fbnh buy � volume index 4.57 MFI 77.56
Fcmb buy 0% MFI 42.49
Fidelity buy 25% sell 75% volume index 0.72 MFI 28.35
GT buy 40% sell 60% MFI 55.17
Hony flour buy 0% volume index 1.29 MFI 58.88
Learn buy � volume index 3.52 MFI 100.00
Nigerins buy � volume index 5.47 MFI 19.05
Oando buy � MFI 93.24
Regalins buy � MFI 32.51
Transcorp buy 25% sell 75% MFI 22.42
Uba buy � MFI 33.92
Ucap buy � volume index 2.39 MFI 44.28
Wapco buy 0% MFI 26.10
Wema buy � MFI 44.66
Zenith buy 0% MFI 85.16

https://investdataltd..com/2018/12/investdata-daily-sentiment-report_6.html

Toyin Sanni, Kurfi, Momoh, Others To Speak As Investdata 2019 Summit Holds Saturday

The 2018 edition of INVEST 2019 TRADERS & INVESTORS SUCCESS SUMMIT, a comprehensive stock trading and investing summit, organized by Investdata Consulting Ltd, will hold this Saturday, December 8, 2018 at the Ostra Hall & Hotels, opposite the NNPC Gas Plant, Alausa, Ikeja, Lagos.

A team of stock market experts and professionals have been carefully assembled for the summit to help participants start their journey into financial success in 2019 and beyond, which begins at 9am, with the theme: Best Returns In 2019 & Beyond: Adopting the Billionaire Mentality In Stock Selection.

In view of the prolonged market correction and the opportunity of a bull-run in the medium to long-term, among eminent speakers that have confirmed attendance to address various topics, with life examples and practical strategies, include: Mrs. Oluwatoyin Sanni, CEO of Emerging Africa Capital Group and immediate past chief executive of United Capital Plc; Alhaji Garba Kurfi, Managing Director of APT Securities & Funds Limited; Mr. Abdul-Rasheed Oshoma Momoh, Head, Capital Market, TRW Stockbrokers Limited; and Razaq Abiola, Economist/Head, Investor Relations and Portfolio Investment at United Bank for Africa Plc. Others facilitators are:

Engr. Ekwueme Mike Anaydibe, Head, Fixed Income Sales at TRW Stockbrokers Limited; Mr. Mike Uzor, Managing Director of Datatrust Consulting Limited; and Mr. Ambrose Omodion, Chief Research Officer, InvestData Consulting Limited;

While Mrs. Sanni, a lawyer and fellow of the Chartered Institute of Stockbrokers, will speak on Pre-election year performance Review and post-election Investing opportunities, discussing how, historically, the factors and policies that have influenced Nigeria’s stock market in an election year, implications for 2019 and how it would drive equity prices higher as recovery expectation continues; Alh. Kurfi, also a fellow of the CIS and Institute of Chartered Accountants of Nigeria (ICAN), will handle “Understanding the big picture of Budget Delays and Implications on the Economy/Stock Market,” focusing on the importance of government’s yearly budget and its role in economic growth; impact of budget delays and implications on the economy.

Momoh, an Fellow of the CIS, Certified Technical Analyst and guru in short term trading techniques, will handle: Simple Strategies for picking undervalued stocks With Fundamental & Technical Tools dwelling on how to read price actions and chart patterns like the professionals, for a do-it-yourself approach to investing, as well as knowing when professional traders are entering and exiting the market;just as Mr. Omordion, a Fellow of the Institute of Professional Financial Managers, UK; Associate Member of the Certified Pension Institute of Nigeria, Certified Financial Manager, South Africa and UK-trained stock market analyst, technician and Convener of Traders & Investors Summit, will speak on Mastering Market Dynamics & Dividend Techniques For Income Growth in 2019, showing participants how to take advantage of seasons, patterns and cycles to invest profitably, besides showing participants how market cycles support market reactions to earnings; and how to use earnings calendar, trend, surprises and quality of numbers in making profitable investment decision in 2019 and beyond.

Engr. Anaydibe, who has developed and applied econometric techniques to the Nigerian financial & secondary commodity markets and successfully created ‘timing & trend’ models of the Nigerian Stock Exchange, based on technical analysis of ‘Real Nigerian Investors’ Behavior & Sentiments, will look at Psychology of Equities Trading For Managing Positions & Money, teaching participants how to protect their gains when trading, early warning signs of when a trend is about to turn against you; knowing when it’s safe to stay in a trend or jump out, among others.

Mr. Abiola will take participants on Nigeria’s Post Election Economy & 2019 Sectoral Analysis,giving expectations and outlook for the Economy in 2019 and impact of government policies on sectors in the post-election year to boost industry performance, economy and stock market, looking at the expected reforms that come with new dispensation. Also, he will look at sectors to watch going into 2019 and beyond; even as Mr. Uzor, who has traversed core areas of the financial market- banking, stock brokerage, pension, marketing communications and author of How to Buy & Sell Shares in Nigeria, a practical guide, will handle Picking the Right Stocks for Financial Independence and to Retire Rich, showing participants how to take advantage of seasons, patterns and cycles to plan for a successful retirement, knowing that some events occur once in two, four and seven years. Participants will also learn criteria for choosing right stocks for retirement in financial freedom; the sectors and how to maximize the opportunity of the current low prices to select right.

Also, as benefits from the Summit, participants will get free Technical Analysis Navigators that combines timing & trend’ models for trading Nigerian Stocks, Forex, Derivative and Commodities. Facilitators will discuss Stocks to Watch and position ahead of Santa Claus and post-election rally, as well as learn the 10 Golden Stocks To Buy in 2019.


https://investdata.com.ng/2018/12/toyin-sanni-kurfi-momoh-others-to-speak-as-investdata-2019-summit-holds-saturday/

NGSE Index Resists Further Decline, As Money Flow Rises Ahead Of Santa Claus Rally

Market Update for December 5

At the end of midweek’s trading on the Nigerian Stock Exchange, the composite All-Share index resisted further decline, closing higher on strong buying sentiment and flat market breadth. Does this signal near or end of the worst performance on the Nigerian Stock Exchange that had suffered almost 30% loss from its peak in January this year?

With many listed stocks on NSE recording new 52-week low in recent times after bourse shed almost 5% in the month of November to create more attractive entry points for bargain hunters and discerning investors ahead of year end rally. Investdata research has shown that market performance in the month of December for the last five year has closed in the green with average rally of 2.8%.

With the economic data so far released in this last quarter of 2018 looking up to suggest that the festive period had triggered economic activities which is reflecting in November’s Purchasing Managing Index released recently by Central Bank of Nigeria (CBN) at 57.9, up from 56.80 in October.

Midweek’s market technicals were positive as volume traded was slightly higher than previous day’s as market breadth remained positive with strong buying pressure as revealed by Investdata’s Daily Sentiment Report, which shows a buy volume of 89% and 11% sell position. The volume index for the day’s total transactions was 0.77.

The energy behind the market’s performance was strengthened, as Money Flow Index rose to 26.21bps, from previous day’s 20.62ps, indicating that funds are entering the market and some stocks, irrespective of the prevailing low liquidity

Index and Market Cap
At the end of the session, the NSE-ASI gained 144.43bps, closing at 31,151.68bps after opening at 31,007.25bps, representing 0.47% growth, just as market capitalization climbed N52.73bn up at N11.37tr from an opening value of N11.34tr, representing a 0.47% appreciation in value.

Attention: Join Investdata buy and sell signal setup to get all our in-depths analysis on the picture and to get access to our carefully created watch list. To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. The number of stocks on our watchlist has increased due to the prolonged market correction. Take advantage of this service to buy right and sell right.
The day’s uptrend was impacted by price appreciation in stocks like: Dangote Cement, Dangote Flour, PZ, Flourmill, Oando, Wema Bank, Diamond Bank, Transcorp and FBNH, reducing the Year-to-Date loss to 18.54%. Market capitalization YTD decline reduced to N2.24tr from its opening level in January, representing 16.43% down.

Mixed Sectors Indices
Sectorial performance indices were largely bearish, except for the NSE Industrial and Insurance that closed higher, just as market breadth remained positive with advancers outnumbering decliners in the ratio of 19:18.

Market activities were up in volume and value by 0.29% and 8.96% as 198.64m shares changed hands for N2.31bn from the previous day’s 198.54m units valued at N2.12bn. Transaction volume was boosted by financial services stocks like: FBNH, Access Bank, Diamond, FCMB and Guaranty Trust Bank.

Veritas Kapital and Diamond Bank were the best performing stocks, topping the advancers table, after gaining 10% and 8.97% respectively, closing at N0.22 and N0.83 each on low price attraction and market forces. The decliners’ side was led by CCNN and Transnation-wide Express which lost 9.72% and 9.23% respectively, to close at N16.25 and N0.59 each, on market taking and market forces .

Market Outlook
We expect sustained bargain hunting and portfolio repositioning for year-end to shape performance of the market ahead of Santa Claus rally, as number of companies hitting new 52-week low are on the increased to reflect undervalue state of the market.
The ongoing volatility will persist as Q3 numbers assist investors and fund managers rebalance their portfolios, while watching the political space and ahead of the expected Q3 GDP and full year company earnings position. These are likely to drive prices north, or south, while determining market direction before or after the Presidential Election.

Investors should review their positions in line with their 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,
We advise investors to allow numbers guide their decisions while repositioning in any stock, especially now that stock prices remain low in the midst of weak 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/2018/12/ngse-index-resists-further-decline-as-money-flow-rises-ahead-of-santa-claus-rally/

Gratitude!!! Thank you for Attending the Invest 2019 Investors and Traders Summit

I want to express my sincere gratitude to all those who came to the *Invest 2019 Investors and Traders Summit* not only because they showed up but due to the fact that they burned all bridges of doubt, hesitation and indecision to attend. That is, many traveled down from different parts of the country to attend the seminar.

In addition, they also had fears and doubts about the 2019 investment year but they understood that it better they equipped themselves than to assume because they understood that plan fail for lack of counsel but with many advisers they will surely survive.

For those that did not attend, I want to congratulate you too because all is not lost. I really understand why you did not attend which are normal things in our everyday life i.e

-doubt,
-inaction,
-indecision,
-procrastination,
-comfort zone,
-not willing to take risk,
- excuses, etc

However, all is not lost because I will be releasing the *Invest 2019 Investors and Traders Summit Otg USB Home Study pack and it will be released on Friday 14th December, 2018*. So that you won't be left behind. Call 08028164085,08032055467 to pre-order NOW!!!

Once more thank you for attending my summit and thank you to those who did not attend too.

Happy Trading,
Ambrose Omordion.

https://investdataltd..com/2018/12/gratitude-thank-you-for-attending.html?m=1

Investdata Weekly Sentiment Report

NSEASI buy 30% sell 70% volume index 0.88 MFI 24.47
Access buy 50% sell 50% MFI 10.78
Afrprud buy 33% sell 67% MFI 45.42
Aglev buy 0% volume index 4.23 MFI 9.68
Aiico buy � MFI 54.16
Air service buy 0% volume index 1.02
MFI 84.46
Cadbury buy � MFI 33.00
Caverton buy � MFI 37.98
CCNN buy 14% sell 86% MFI 6.09
CIleasing buy 0% MFI 72.24
Continsure buy 50% sell 50% volume index 0.82 MFI 44.98
Custodian buy 67% sell 33% MFI 43.13
Cutix buy � MFI 42.26
Dangcem buy 0% volume index 1.24 MFI 36.05
Dangflour buy 86% sell 14% volume index 1.76 MFI 45.23
Dangsugar buy � MFI 45.00
Diamond buy � volume index 1.97 MFI 28.79
ETI buy 0% volume index 2.57 MFI 11.43
Fbnh buy 82% sell 18% volume index 3.90 MFI 61.30
Fcmb buy 11% sell 89% volume index 2.40 MFI 43.30
Fidelity buy 25% sell 75% MFI 58.63
Allum buy 0% MFI 83.97
Fmn buy 16% sell 84% MFI 59.30
GT buy 42% sell 58% MFI 66.62
Hony flour buy � volume index 0.80 MFI 19.21
Jaiz buy � MFI 31.89
Lasaco buy � volume index 1.56 MFI 20.52
Learn buy 0% volume index 3.05 MFI 84.82
Linkass buy 83% sell 17% volume index 0.81 MFI 46.92
Mansard buy � MFI 31.17
M&B buy 50% sell 50% MFI 29.25
Mben buy 50% sell 50% MFI 33.52
Nahco buy 0% MFI 54.23
Neimeth buy � MFI 41.66
Nestle buy � volume index 0.73 MFI 57.02
Nigerins buy 0% MFI 13.81
Oando buy � volume index 3.87 MFI 44.56
Okomu buy 13% volume index 0.78 MFI 51.97
Prestige buy 40% sell 60% volume index 0.76 MFI 35.29
PZ buy � volume index 1.31 MFI 20.93
Seplat buy 0% MFI 30.09
Stanbic buy 50% sell 50% MFI 26.76
Sterling buy 46% sell 54% MFI 53.03
Transcorp buy 29% sell 71% MFI 44.80
Uacp buy 0% MFI 40.76
Uacn buy � MFI 29.33
Uba buy 17% sell 83% MFI 44.92
Ubn buy � MFI 44.80
Ucap buy 0% MFI 45.75
Unilever buy 0% volume index 1.11 MFI 63.75
Uniondac buy � MFI 37.34
Verita buy 50% sell 50% MFI 11.51
Vitafoam buy 0% MFI 54.55
Wapco buy 7% sell 93% volume index 1.44 MFI 21.39
Wapic buy 75% sell 25% MFI 47.38
Wema buy 80% sell 20% MFI 24.16
Zenith buy 50% sell 50% MFI 80.95

https://investdataltd..com/2018/12/investdata-weekly-sentiment-report.html

Bargain Hunting For Cheap Stocks With Strong Fundamentals May Continue On NGSE

Market Update for the week ended December 7 and Outlook for Dec. 10-14

The first trading week on the Nigerian Stock Exchange (NSE) for the first week of December 2018 ended mixed, with the benchmark index closing marginally lower on profit booking in blue-chip stocks ahead of year-end rally while selling pressure remained relatively high. This was amidst bargain hunting that extended four consecutive weeks of bear-run which has further created new entry opportunities in the market.

The reduced momentum in the losing magnitude of the market and low volume traded signal resistance to further decline as Santa Claus rally draws closer.

Despite the mixed sentiment in the short-to-medium term as political tension persists ahead of the general election in Q1 2019, the coast is becoming clearer for discerning investors, considering the presidential candidates of the two major political parties. Add this to the recent economic data which appear to be positive with activities gradually looking up to further impact corporate earnings of many listed companies that are currently cheap on the strength of low Price-Earnings that is a function of company third quarter earnings positions. This reveals that many stocks with high potential upside ahead of reward earnings reporting season as an incentive, knowing that companies with strong earnings power will grow their dividend payout for financial year ended 2018.

During the week under review, the Nigerian market joined its counterpart as major markets across the globe were down, despite the earlier news about the U.S-China agreement to a temporary ceasefire boosted investors’ confidence and markets recorded significant gains in the first two trading sessions of the week under review.

However, soon after the report of the arrest and possible extradition of the chief financier officer of Chinese tech giant, Huawei filtered the market on Wednesday, global stock futures slides into negativeterritory. As such, U.S. major indexes – DJIA, S&P 500 and Nasdaq, all shed 1.65%, 1.74% and1.42%respectively, while Japanese NIKKEI and UK FTSE 100 lost 3.01% and 2.73% respectively. The news of oil price rebound was depressed as it closed in the negative.

Back home, it was a very volatile week as the NSE All-Share index opened on a negative note, losing 0.20% before rebounding on Tuesday and Wednesday, with gains of 0.7 and 0.5% respectively. It turned red on Thursday losing 1.07% on profit taking, before retracing up on Friday, gaining 0.15% to bring cumulative loss during the period to 0.02% on declining volume and value.

The market before now has the insight of economic performance of the nation as revealed by mixed Q3 corporate earnings performance, where sales revenue of many companies dropped, but the expected Q3 GDP reports this morning from NBS will confirm the actual position to further guide investment decision. As we expect implementation of 2018 budget, election spending and oil price to rebound and impact the economy in this last quarter of the year.

The high selling pressure in the insurance and industrial goods sectors as reflected in the negative market technicals, on low volume traded in the midst of negative market breadth and strong selling pressure. This was revealed by Investdata’s weekly Sentiment Report, showing a sell volume of 70% and buy position of 30%. The volume index of total transactions within the week was 0.88.

The energy behind the week’s performance was weak and flat as low and medium cap stocks recorded gains which reflected on the money flow index at 24.69bps, from 23.78bps in previous week, an indication that funds are entering some stocks and market despite the prevailing low liquidity.

Equity Indicators Last Week
The composite index for period was marginally down by 7.35 basis points to close at 30,866.82 basis points, after opening at 30,874.17bps, hitting a high of 31,180.32bps, from low of 30,732.76bps on low volume. Similarly, market capitalization dropped by N2.69 billion closed at N11.27 trillion, from N11.28 trillion, representing 0.02% value loss.

NSE INDEX WEEKLY TIME FRAME

The advancers’ table was dominated by Low and medium cap stocks as bargain hunters took advantage of the prevailing low price to accumulate position as many stocks hit their new 52 week low ahead of year-end rally.
Meanwhile, the NSEASI’s year-to-date negative returns dipped to 19.29%, just as market capitalization dropped to N2.38tr, or 18.53% below the year’s opening value.

Mixed Sectors Indices
The sectorial performance for the period was largely bullish, except for the NSE Insurance and Industrial Goods indices that were down. Market breadth was negative, with decliners outnumberingadvancers in the ratio of 38:30, to continue the previous week’s down market.

Activities in terms of volume and value weredown by 11.15% and 9.02%% respectively to 1.11 billionshares worth N11.19 billion, from the previous week’s 1.20 billionunits’ value at N14.28 billion boosted by trading in financial service, and Oil/Gas industry.
The best performing stocks for the week were Diamond Bank andIkeja Hotel that topped the advancers table after gaining56.92% and 11.31% respectively to close at N1.02 and N1.87 per share, on low-price attraction and market forces. On the other hand, Continental Reinsurance and Prestige Assurance lost12.50% and 10.11% respectively, close at N1.75 and N0.49 on profit taking and marketforces.

Market Outlook
We expect overall market sentiments to remains mixed with rekindled buying interest coming from banking, and oil& gas stocks amidst rebound in oil price in the international market that continues to trigger investors sentiment. However, we expect the bargain hunting for cheap stocks with strong fundamentals to continue this week.

while watching the political space, since Q3 numbers have given insights into what the expected Q3 GDP and full year company earnings power will be.
As the presidential campaign kicks off, Nigerians are expecting new strategy, new roadmap to address the economic issues, rising poverty level, development of human capital, infrastructure and education with timeframes for delivery. These campaigns are likely to drive prices north, or south, while determining market direction before or after Presidential election. 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,
We advise investors to allow numbers guide their decisions while repositioning in any stock, especially now that stock prices remain volatile amidst mixed company, economic and market fundamental.

Meanwhile, we say a big thank you to all facilitators and participants at our INVEST 2019 TRADERS & INVESTORS SUCCESS SUMMIT, which held at the weekend in Lagos. It was yet another successful, insightful and educative outing that not only offered direction as to where investors should look to for a profitable 2019, but industries, sectors and companies to look for worthwhile returns.

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/2018/12/bargain-hunting-for-cheap-stocks-with-strong-fundamentals-may-continue-on-ngse/

Nigeria’s Q3 GDP Up 1.81%, On Stronger Non-Oil, Manufacturing Growth

The National Bureau of Statistics (NBS), on Monday released its much anticipated data for Q3 2018 showing that the Nigerian economy as measured by Gross Domestic Product (GDP) grew by 1.81% in the review period, relatively faster than the 1.5% reported in the preceding quarter and 1.17% in the corresponding period of 2017. The level is still below 2.11% growth recorded in the 2017Q4.

Nominal GDP stood at N33.69tr during the period, while real GDP was N18.08tr, with the oil sector contributing 9.38%, up from 8.55% n the previous quarter; and the non-oil sector, 90.62%, compared to 91.45%.

Highlights of the report showed that oil GDP remained constrained, contracting by -2.91%, at a time non-oil GDP climbed 2.32%, faster than the 2.05% of Q2 2018, or -0.76% in Q3 2017. Non-oil sector growth within the period was driven “by Information and communication; other drivers were Agriculture, Manufacturing, Trade, Transportation and Storage and Professional, Scientific and Technical Services.”

A further breakdown showed that a total of 1.94m barrels of oil were produced on the average per day in the Q3, up from 1.84mbpd, but lower than the 2.02mbpd in 2018Q1 and 2017Q4.

In the non-oil sector, the highest contribution to real GDP was the 48.79% from services, followed by agric sector’s 29.25% and industries, 21.97%.
Agriculture GDP was up 1.91% in Q3 2018, from 1.19% in Q2 2018 and 3.06% in Q3 2017; with crop Production under rising 1.87% in Q3 2018 from 1.49% in the preceding quarter and 3.21% in the corresponding period of 2017.

Livestock under Agriculture GDP climbed 2.56% in Q3 2018, from 1.95% in Q2 2018 and 2.52% in Q3 2017; Forestry under Agriculture GDP grew 3.72% in Q3 2018, slight down from 3.96% in Q2 2018 and 3.95% in Q3 2018.

Fishing under Agriculture GDP climbed 0.84% in Q3 2018, after contracting by 1.35% in Q2 2018 and -2.84% in Q3 2018.
Food, Beverage and Tobacco under Manufacturing GDP grows 2.90% in Q3 2018 from 1.21% in Q2 2018 and 0.58% in Q3 2018

Q3 Oil GDP was an improvement over the -3.95% recorded in Q2 2018; although a far cry from the 23.93% in Q3 2017; even as crude petroleum and gas under mining and quarrying GDP contracted by 2.91% in Q3 2018 from -3.95% in Q2 2018 and 23.03% in Q3 2017

Oil refining under Manufacturing GDP contracted -17.39% in Q3 2018, better than the -21.49% of Q2 2018, or -45.40% in Q3 2017; just as the rising tempo of manufacturing activities in the industry, helped cement under manufacturing GDP to leap 8.14% up in Q3 2018, from 3.84% in Q2 2018 and -4.56% in Q3 2017.


https://investdata.com.ng/2018/12/nigerias-q3-gdp-up-1-81-on-stronger-non-oil-manufacturing-growth/

Investdata Daily Sentiment Report

NSEASI buy 0% MFI 17.76
Access buy � MFI 54.04
Aiico buy 50% sell 50% volume index 2.25 MFI 64.46
Continsure buy 0% volume index 2.64 MFI 87.64
Dangcem buy 0% MFI 42.72
Dangflour buy 0% MFI 63.47
Dangsugar buy � volume index 1.25 MFI 60.33
Diamond buy 55% sell 45% volume index 1.57 MFI 65.99
Eti buy 0% volume index 1.32 MFI 91.55
Fbnh buy 20% sell 80% volume index 1.20 MFI 59.72
Fcmb buy 50% sell 50% MFI 47.08
Fidelity buy 67% sell 33% volume index 0.81 MFI 26.57
GT buy 93% sell 7% MFI 29.18
Honyflour buy 0% MFI 37.21
Lasaco buy 0% MFI 36.22
Mobil buy 0% volume index 3.68 MFI 17.98
Nascon buy � volume index 1.62 MFI-0.00
Neimeth buy 0% volume index 3.55 MFI 37.70
Oando buy 33% sell 67% MFI 95.14
Prestige buy � MFI 63.22
Pz buy � volume index 1.41 MFI 77.83
Stanbic buy 0% MFI 25.24
Sterling buy � volume index 2.95 MFI 63.30
Transcorp buy 33% sell 67% MFI 19.62
Uba buy 75% sell 25% volume index 1.10 MFI 51.47
Ucap buy 0% volume index 0.71 MFI 48.66
Wapco buy 0% volume index 1.77 MFI 31.66
Wema buy 0% volume index 1.12 MFI 33.22
Zenith buy 0% MFI 82.97

https://investdataltd..com/2018/12/investdata-daily-sentiment-report_11.html?m=1

Sustained Decline Indicators On NGSE Paves Way For Bargain Hunting, Rebalancing

Market Update for December 10

It was certainly another black Monday on the Nigerian Stock Exchange (NSE) as its composite All-Share index closed bearish to start the week, while wiping out previous gains, due to sell-offs across various sectors of the market. This has further paved way for bargain hunting ahead of year end portfolio rebalancing as fund managers and institutional investors cash in on the oversold region of the market and individual stocks.

The NSEASI had a slight gap down at the opening of the day’s session in the morning but rebounded in the mid-morning until midday before the index had an extended 4-wave corrective pullback that held the gap down in the afternoon. This resulted in a strong pullback to new lows, and by the end of the session, the index touched intraday low of 30,614.73 basis points from its high of 31,213.77bps, amidst continued selloffs among low, medium and high cap stocks.

At this point, investors should be extra cautious, especially as the market has so far failed to react to the seeming positive Q3 GDP data released by the National Bureau of Statistics. According to the NBS, Nigeria’s economy expanded by 1.81%, from 1.50% in the previous quarter, an indication that the growth may not have reflected on the corporate earnings presented by quoted companies during same period.
Although, Monday’s pullback could usher in bear-phase rally in Wave 4, let us however wait to see if that will happen or not.

Market technicals for Monday were negative and mixed as volume traded was lower than previous day’s in the midst of negative market breadth and strong sell pressure as revealed by Investdata’s Daily Sentiment Report, which shows a sell volume of 88% and 12% buy position. The volume index for the day’s total transactions was 0.75.

Index and Market Cap
At the close of trading, the NSE composite index shed 252.09bps, closing at 30,614.73bps from the 30,866.82bps opening figure, representing 1.07% decline, just as market capitalization fell by N92bn, closing at N11.18tr from an opening value of N11.27tr, representing a 0.82% value loss.

Attention: Join Investdata buy and sell signal setup to get all our in-depths analysis on the picture and to get access to our carefully created watch list. To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. The number of stocks on our watchlist has increased due to the prolonged market correction. Take advantage of this service to buy right and sell right.
The downtrend was impacted by price depreciation by high cap stocks like: Nestle, Nigerian Breweries, Guaranty Trust Bank, Stanbic IBTC, Zenith Bank, Oando, Flourmills,Wema Bank, Transcorp and FBNH, pulling doom Year-to-Date loss to 19.95%. Market capitalization YTD decline jumped to N2.58tr from its opening level in January, representing 17.88% decline during the period.

Bearish Sectors Indices
The sectoral indices were in red with sell-off in sectors, just as market breadth turned negative with decliners outnumbering advancers in the ratio of 25:14.
Market activities were mixed as volume was down by 8.05% to 164.58m shares from the previous day of 178.99m units, just as value was up by a marginal 7.02% at N1.67bn from previous day’s N1.56bn. Transaction volume was boosted by financial services stocks like: Diamond Bank, FBNH, Sterling Bank, UBA and Zenith Bank.

Transnation-wide express and Forte Oil were the best performing stocks, topping the advancers table, after gaining 8.47% and 6.39% respectively, closing at N0.64 and N19.15 each on market forces. The decliners’ side was led by Livestock Feeds and Cornerstone which lost 9.62% and 9.09% respectively, to close at N0.49 and N0.20 each, on market forces.

Market Outlook
We expect this volatility to be sustained as bargain hunting and portfolio repositioning for year-end to shape performance of the market ahead of Santa Claus rally, as number of companies hitting new 52-week low are on the increased to reflect undervalue state of the market.

The ongoing volatility will persist as Q3 numbers assist investors and fund managers rebalance their portfolios, while watching the political space and ahead of the expected Q3 GDP and full year company earnings position. These are likely to drive prices north, or south, while determining market direction before or after the Presidential Election.

Investors should review their positions in line with their 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,
We advise investors to allow numbers guide their decisions while repositioning in any stock, especially now that stock prices remain low in the midst of weak company, economic and market fundamentals.

Meanwhile, we say a big thank you to all facilitators and participants at our INVEST 2019 TRADERS & INVESTORS SUCCESS SUMMIT, held at the weekend in Lagos. It was yet another successful, insightful and educative outing that not only offered direction as to where investors should look to for a profitable 2019, but industries, sectors and companies to look for worthwhile returns.

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/2018/12/sustained-decline-indicators-on-ngse-paves-way-for-bargain-hunting-rebalancing/

Investdata Daily Sentiment Report

NSEASI buy 78% sell 22% volume index 0.87 MFI 17.92
Access buy 0% MFI 55.19
Cadbury buy � volume index 2.66 MFI 76.42
Ccnn buy 0% MFI 1.17
Dangcem buy � volume index 1.42 MFI 41.17
Diamond buy 0% MFI 63.94
Fbnh buy 0% volume index 1.06 MFI 57.42
Fcmb buy 17% sell 83% MFI 54.07
Fidelity buy � volume index 1.65 MFI 28.45
Fmn buy � MFI 53.94
GT buy 80% sell 20% MFI 32.52
Japaul buy � MFI 69.93
Lasaco buy � MFI 35.00
Mben buy 0% volume index 3.42 MFI 15.85
Oando buy 0% MFI 90.61
Prestige buy 0% volume index 1.43 MFI 56.70
Sterling buy � volume index 5.51 MFI 77.71
Transcorp buy 50% sell 50% volume index 0.72 MFI 23.54
Uacn buy � MFI 69.44
Uba buy � volume index 0.94 MFI 50.78
Ucap buy � volume index 1.67 MFI 57.30
Wapco buy � MFI 34.20
Wema buy � MFI 33.01
Zenith buy 43% sell 57% volume index 1.38 MFI 79.61

https://investdataltd..com/2018/12/investdata-daily-sentiment-report_12.html

Sustained Volatility, As Investors Continue Review Of Positions Ahead Year-end

Market Update for December 11

Despite a seeming rebound at the end of Tuesday’s trading, the benchmark All-Share index of the Nigerian Stock Exchange (NSE) closed on a positive note amidst positive sentiments, with strong buying pressure as revealed by Investdata’s Daily Sentiment Report, which shows a buy volume of 78% and 22% sell position.

Tuesday’s reversal occurred after the indicators suffered a decline in the morning making new lows, after which he NSE Index climbed from 30,542.90 basis points, and thereafter rallied sharply to 30,769.60bps, swinging about 103.99 points from top to bottom. It pulled back about 50.9 points at the end of the day.

Nigeria’s GDP report for the third quarter ended September as published Tuesday by the National Bureau of Statistics (NBS) showed improvement (READ), which is expected to support corporate performances in the final quarter of the year. This follows from the fact that economic activities in the previous two have been looking up and are likely to impact the expected year-end rally that would usher in the 2019 general elections. Investors and traders should expect this, given that pre-election, the Nigerian economy is at its worst in history, a situation analysts have linked to a lack of clear economic direction, as well as the leadership style of government. There is also the factor of uncertainties in the political environment ahead of the elections as foreign and domestic investors have since switch to a wait-and-see mode, while investor and public confidence remain low.

Another critical data released on Tuesday by the NBS was the capital importation report showing that capital imported in whatever form into the country in the third quarter of 2018 dropped by about 50% quarter-on quarter (READ MORE). The entire picture becomes worse, when considered against the backdrop of the country’s declining trade balance as government continues struggling to implement its 2018 budget.

Tuesday’s market technicals were positive and strong as volume traded was higher than previous day’s in the midst of positive market breadth, while the volume index for the day’s total transactions was 0.87.

Index and Market Cap
The NSE composite All Share index for the session gained 103.99bps, closing at 30,718.70bps from the 30,614.73bps opening figure, representing 0.34% growth, just as market capitalization rose by N43.88bn, closing at N11.22tr from an opening value of N11.18tr, representing a 0.39% value gain as a result of additional 26.878m shares added to those outstanding in favour of Stanbic IBTC during the trading session.

Attention: Join Investdata buy and sell signal setup to get all our in-depths analysis on the picture and to get access to our carefully created watch list. To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. The number of stocks on our watchlist has increased due to the prolonged market correction. Take advantage of this service to buy right and sell right.
The rebound was impacted by value gain in stocks like: Dangote Cement, Nigerian Breweries, Zenith Bank, UACN, UBA, Forte Oil and Flour Mills among others, which reduced Year-to-Date loss to 19.68%. Market capitalization YTD decline reduced to N2.39tr from its opening level in January, representing 17.55% decline during the period.

Mixed Sectors Indices
The sectoral indices were largely bullish except for the NSE Banking and Insurance that were in the red, just as market breadth turned positive with advancers outweighing decliners in the ratio of 23:16.
Market activities were up in volume and value by 0.65% and 93.14% respectively to 215.38m shares worth N3.4bn from the previous day’s 164.55m units valued at N1.67bn, with transaction volume driven by financial services stocks like: Zenith Bank, Sterling Bank, FBNH, Diamond Bank and Fidelity Bank.

Veritaskapital and Law Union Assurance were the best performing stocks, topping the advancers table, after gaining 9.52% and 8.51% respectively, closing at N0.23 and N0.51 each on market forces and low prices. The decliners’ side was led by C & I Leasing lost 9.79%, soon after announcing its proposed four-to-one share reconstruction (READ), just as Prestige Assurance shed 8.51%, to close at N1.75 and N0.48 respectively.

Market Outlook
We expect this volatility to be sustained as bargain hunting and portfolio repositioning for year-end to shape performance of the market ahead of Santa Claus rally, as number of companies hitting new 52-week low are on the increased to reflect undervalue state of the market.

The ongoing volatility will persist as Q3 numbers assist investors and fund managers rebalance their portfolios, while watching the political space and ahead of full year company earnings position and post-election market dynamics. These are likely to drive prices north, or south, while determining market direction before or after the Presidential Election.
Investors should review their positions in line with their 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,
We advise investors to allow numbers guide their decisions while repositioning in any stock, especially now that stock prices remain low in the midst of weak company, economic and market fundamentals.

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 2019 and beyond by getting the Just Concluded and life transforming INVEST 2019 TRADERS & INVESTORS SUCCESS SUMMIT Home study pack USB that can play on your phone, Laptop and Television.

It was yet another successful, insightful and educative outing that not only offered direction as to where investors should look to for a profitable 2019, but industries, sectors and companies to look for worthwhile returns.What stocks do you buy? grab the pack for the10 golden stocks in 2019 that can-do multiples of what broader stocks do, coming out of this market correction environment.Don’t sit on the Fence call or text Stock to 08028164085, 08032055467, 08111811223 now.

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/2018/12/sustained-volatility-as-investors-continue-review-of-positions-ahead-year-end/

Finally, it is Ready. Are you in or Out?

Last week Saturday, we held the Invest 2019 Investors and Traders Summit at Ostra Hall and Hotels, Alausa, Ikeja. This was one of the best if not the best seminar I have ever organized.

However, what came as a shock to me was the fact that 80% of the attendees where all professionals. However, they confessed that they have been into several similar trainings but the value they got was far more than the fee that was charged.

*Here is what some of them have to say.*

That was a powerful forum you had on Saturday and I want to encourage you to have more. However, I am working on implementing all the new strategies and techniques that I have learned in your powerful seminar. Ayodele Olugbenga

*I came across Ambrose through Facebook and I was very sceptical about him. However, I decided to come to the this seminar because of his consistency and organization. However, I was not disappointed because the knowledge I got was firstclass and in my 7years of trading, I have never attended such a seminar. Thank you and May God bless you Abundantly for deep strategy for getting the best out the market* *Abdulazeeh Fatai*

Thank you, that was an outstanding but brilliant presentation. It was not just an eye opener but a clear direction on investment in 2019. I will take the bull by the horn and get the best out of it in 2019. Kelvin Nwagboso

Want to be among those that will get the best out of 2019? It is only those who enter the market on time that will get the best. However, you need a strategy so that you won't loose your money.

Hence, if you are a serious investor who knows that stock market knowledge is a continuous one and understands that it is what you don’t know that affects you, then get the

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Happy 2019 Trading
Ambrose Omordion
https://investdataltd..com/2018/12/finally-it-is-ready-are-you-in-or-out.html

Photo clips from the Invest 2019 Investors and Traders Summit held on 8th December, 2018 a Ostra hall Ikeja, Lagos Nigeria.

https://m.facebook.com/story.php?story_fbid=2088585277830352&id=709148915774002

Investdata Daily Sentiment Report

NSEASI buy 19% sell 81% volume index 1.00 MFI 33.81
Access buy 0% volume index 1.38 MFI 49.23
Afrprud buy 0% MFI 38.13
Aiico buy � volume index 2.04 MFI 61.02
CIleasing buy 60% sell 40% volume index 2.84 MFI 42.76
Continsure buy 0% volume index 1.50 MFI 81.84
Dangcem buy � volume index 0.86 MFI 44.20
Dangflour buy � MFI 49.48
Diamond buy 25% sell 75% MFI 61.03
Eterna buy 0% volume index 16.73
MFI 93.32
ETI buy 0% volume index 1.80 MFI 74.65
Fbnh buy 38% sell 62% volume index 2.12 MFI 49.60
Fcmb buy � MFI 56.98
Fidelity buy � MFI 28.10
Fmn buy � volume index 0.79 MFI 53.66
GT buy � volume index 1.14 MFI 41.93
Hony flour buy 0% MFI 36.13
Japaul buy � volume index 1.70 MFI 100.00
Mobil buy 1% sell 99% volume index 4.84 MFI 8.40
Nahco buy � volume index 3.03 MFI 60.08
Oando buy � MFI 91.58
Prestige buy � volume index 1.10 MFI 56.34
Sterling buy � MFI 77.82
Transcorp buy 50% sell 50% volume index 1.25 MFI 31.92
Uacn buy � volume index 4.82 MFI 81.67
Uba buy 0% volume index 1.79 MFI 44.49
Wapco buy 0% MFI 37.18
Wapic buy 0% volume index 0.78 MFI 34.34
Wema buy 0% volume index 0.90 MFI 40.96
Zenith buy 5% sell 95% volume index 1.26 MFI 32.52

https://investdataltd..com/2018/12/investdata-daily-sentiment-report_13.html?m=1