Nigeria’s Inflation Index Climbs 11.4% Up YoY In May, Says @nigerianstat

Nigeria’s National Bureau of Statistics (NBS), on Monday published the country’s Consumer Price Index for the month of May, showing that inflation inched once more, rising by 0.03% year-on-year to 11.40% in the period, from 11.37% in April 2019.
The CPI measures the average change over time in the prices of goods and services consumed by the people for day-to-day living.
Month-on-Month, it however increased to 1.11, from 0.94%, helped by food inflation at 13.79%, as against 13.7% in the prior month, driven as usual by increases in the prices of potatoes, yam and other tubers, bread and cereals, vegetables, milk, cheese and egg, oil and fats, fish and meat. Food sub-inflation index MoM for May soared by 1.41% MoM in May, as against 1.14% in April.

The inflation rate could have been higher, but for the decline in core inflation from 9.3% in the preceding month to 9.00%.
Core inflation, MoM, however climbed 0.05% to 0.75% in the period under review, with key drivers such as tobacco, cleaning, repair and hire of clothing, actual and imputed rent for housing, domestic services and household services, dental services, medical and hospital services; repair of household appliances; as well as repair and hire of footwear.

The percentage change in the average composite CPI for the twelve months period ending May 2019, over that for the previous twelve months period, according to the NBS was 11.30%, 0.01% points from 11.31% recorded in April 2019.
The urban inflation rate increased by 11.76% YoY in May 2019 from 11.7% in April, while the rural inflation rate rose by 11.07% from 11.08% in, even as the urban index rose by 1.15% MoM in May, up by 0.15 points from 1% in April 2019. The rural index also rose by 1.07% in May 2019, up by 0.17% from the rate recorded in April 2019 0.9%.

The corresponding twelve-month year-on-year average percentage change for the urban index was 11.66% in May 2019, which was less than the 11.69% reported in April 2019, while the corresponding rural inflation rate in May 2019 was 10.99%, compared to 11% recorded in April 2019.

On state-by-state basis, headline inflation in the month of May was highest YoY in Kebbi at 15.76%; followed by Bauchi, 14.97%; and Kaduna, 13.74%; and lowest in Kwara, 8.45%; Cross River, 9.68%; and Abia, 9.91%.
MoM however, all items inflation was highest in Bauchi at 1.76%; Gombe, 1.69%; and Niger, 1.65%; while slowest in Kwara which recorded a price deflation or negative inflation (general decrease in the general price level of goods and services or a negative inflation rate); followed by Benue with 0.48% rise; and Kogi, 0.59%.

According to the NBS report, “in analyzing price movements under this section, note that the CPI is weighted by consumption expenditure patterns which differ across states. Accordingly, the weight assigned to a particular food or non-food item may differ from state to state making interstate comparisons of consumption basket inadvisable and potentially misleading.

Food inflation was however highest YoY in Kaduna at 17.10%; Kebbi, 18.90%; with Gombe following at 16.90%; while Abia at 10.90% recorded the slowest growth rate; ahead of Rivers, 11.70%; and Kogi, 11.80%.
MoM, “May 2019 food inflation was highest in Kano, 2.39%; Gombe, 2.33%; and Kaduna, 2.27%; with the slowest rise in Kwara which reported a food price deflation or negative inflation (general decrease in the general price level of goods and services or a negative inflation rate, ahead of Benue, 0.24%; and ) Kogi, 0.68.

https://investdata.com.ng/2019/06/nigerias-inflation-index-climbs-11-4-up-yoy-in-may-says-nigerianstat/

CBN Reports $14.2bn Total Capital Inflows In Five Months


The Central Bank of Nigeria (CBN), on Monday even put total capital inflows into the country at $14.2bn in the five months between January and May 2019.
Of this amount, according to a statement by Isaac Okorafor, Director, Corporate Communications at the apex bank, Foreign Direct Investment (FDI) accounted for $2.87bn, representing 20.18% of the total inflows for the period.
The total inflow for the five-month period represented 74.46% of the $19.07bn reported for the whole of 2018; just as cumulative FDI was 36.89% of the year’s $7.78bn.

The statement was against the backdrop of a recent report by Reuters quoting the 2019 World Investment Report on Foreign Direct Investment (FDI) to African countries recently released by the United Nations Conference on Trade and Development (UNCTAD), stating that Nigeria’s FDI inflows dropped by over 40% in 2018.
While denying the report as untrue, Okorafor said available records rather show a significant increase in Nigeria’s FDI during the period under review, stressing although that the methodology used in arriving at the figures were unknown.

https://investdata.com.ng/2019/06/cbn-reports-14-2bn-total-capital-inflows-in-five-months/

IFC Plans Sale Of 14.1% Ecobank Stake To African Focused Investment Firm

The International Finance Corporation (IFC) says it is in advanced discussions along with its IFC Asset Management with a leading Dutch investment firm Arise BV for the sale of their 14.1% equity stake in Ecobank Transnational Incorporated (ETI).
According to a statement by Madibinet CISSE, Ecobank’s Group General Counsel and Company Secretary to the Nigerian Stock Exchange (NSE), Arise BV is a leading equity investor in financial institutions in Sub-Saharan Africa with a combined asset value in excess of US$700m, with mandate to capitalize and stimulate growth across all financial services sub-sectors and within SSA.

A notice by ETI, the Lomé based parent company of the Ecobank Group, said the IFC, a member of the World Bank Group, and investment funds managed by the IFC Asset Management Company, entered into a Share Purchase Agreement with Arise B.V.
“Completion of the transaction is expected in the coming months, subject to due diligence, internal and regulatory approvals,” the statement added, noting that both IFC and ETI have worked together since 1993 to broaden access to finance, enhance trade liquidity, and strengthen Ecobank.

Since 2009, IFC and the funds managed by the IFC Asset Management Company, through their investments, have been supporting Ecobank’s growth strategy across Africa in building a preeminent banking franchise.

https://investdata.com.ng/2019/06/ifc-plans-sale-of-14-1-ecobank-stake-to-african-focused-investment-firm/

Airtel Africa To List on NGSE, LSE, Eyes $749m IPO


Nigerian unit of India’s Bharti Airtel Limited said it going ahead with its planned listing on the Nigerian Stock Exchange (NSE), just as it is eyeing the London Stock Exchange (LSE).
A report by Reuters quoted the company as saying its proposed Initial Public Offering (IPO) on the LSE could raise as much as £595m or $749.05m from the issuance of between 595.2m and 744m new shares.

Each unit is expected to be priced at between 80 to 100 Pence, even as the company expects that conditional dealings in its shares would begin around June 28, when the final pricing would be announced, which put its total market value at between £3.01bn and £3.62vb.
A total of 20.35bn shares of MTN Nigeria, Airtel’s major competitor in Africa’s biggest telephony market yet, were listed on the NSE on May 16, 2019, at N90 each, but rose as high as N135.60 on June 14, 2019, presenting 36.97% rise over a one-month period, according to www.proshareng.

https://investdata.com.ng/2019/06/airtel-africa-to-list-on-ngse-lse-eyes-749m-ipo/

Ecobank Boss Reaffirms Support For Nigeria’s Movie Industry

The Managing Director, Ecobank Nigeria Patrick Akinwuntan says the bank will support the nation’s movie industry, which he believes is the most suited in the task of reinventing the Nigeria of our dreams and project everything good about her.
Speaking at the premiere of the movie ‘The Bling Lagosians’ in Lagos, Akinwuntan said Ecobank is determined to support the creative industry in line with the Central Bank of Nigeria (CBN) vision to support the creative industry through a Financing Initiative.
Ecobank, he assured, is passionate about Africa and its cultural renaissance, and its partnership with Bolanle Austen-Peters, a renowned African culture promoter, sits perfectly with the Pan African brand.

The bank, he stressed, will continue to leverage its digital offerings to facilitate a more seamlessly connected Africa through flagship products like EcobankPay and Ecobank Xpress ecosystem, which he believes will remain in the forefront as key enablers of digital payments across the continent.
In a bid to signpost readiness for the partnership, Akinwuntan handed over the sum of N.5m to the best-dressed person at the premiere, which is the climax of the ‘Eko for Show’ dress code for the event. Guests were encouraged to dress spectacularly to win cash prizes sponsored by EcobankPay, the lifestyle digital payment and collections service of Ecobank Nigeria, which has been designated the payment solution for the premiere of the much-anticipated movie.

EcobankPay is a convenient digital QR code that enables payments using the mobile phone, without the need for a plastic card. The uniqueness of the platform is that it has MasterPass, MVisa, and Mcash embedded in the merchant identity QR Code. This enables each customer to transact across the three platforms not minding the bank cards they are holding.

“The Bling Lagosians,” featuring stars like Jide Kosoko, Elvina Ibru, Denola Grey, Monalisa Chinda, and Helen Paul among others, according to a statement by the bank, is a story that centres on the lifestyle of a Lagos family that is presently living in their past glory.
Although, not as wealthy as before, they want to continue living that lifestyle they once used to: host the talk-of-the-town kind of parties, wear the best designers and ride the fastest cars even if they are neck-deep in debt. The movie, the organizers explained, is intended to show how people go the extreme to keep up appearances in public.

Photo Caption: Patrick Akinwuntan, Managing Director, Ecobank Nigeria 2nd right(right), presenting a cheque to Daala Oruwari (2nd left) and Teni Oluwo (second right), joint winners of the best dressed individual award sponsored by EcobankPay at the premiere of the movie “Bling Lagosians’ in Lagos. With them is Carol Oyedeji, Executive Director, Commercial Banking, Ecobank Nigeria.

https://investdata.com.ng/2019/06/ecobank-boss-reaffirms-support-for-nigerias-movie-industry/

SEC, Academics To Develop Curriculum For Capital Market Studies In Nigeria


The Securities and Exchange Commission (SEC), on Monday announced a partnership with the Association of Capital Market Academics of Nigeria to develop a curriculum for the Nigerian Capital Market Institute (NCMI).
The curriculum, the commission said, would enable both parties to set the required benchmark for the National Universities Commission (NUC) to accredit capital market studies in tertiary institutions.
The partnership was the highpoint of a meeting between the association, led by its Interim President, Ma and the commission led by the Acting Director-General, Ms. Mary Uduk.

Uduk said the commission would work with the association to improve the standards in the NCMI, adding that the collaboration “is vital to moving the capital market forward.”
Research coming “out of the university must be actionable and should help boost the growth and development of the capital market.”
The partnership to develop curriculum for the NCMI, she continued, is important for the SEC, given its desire for the NCMI, expressing confidence that the partnership will make the commission’s job a lot easier.
While expressing appreciation for the visit, Ms. Uduk promised to work with the group “to leverage your expertise to develop the capital market.”
Responding, Uwaleke said the association was born out a desire is to advance the frontier of capital market research, while promoting knowledge of the capital market in the tertiary institutions.
He said the partnership is in recognition of the SEC’s role as apex regulator of the capital market and the needs for the association to collaborate with the commission to set the standard for programme and studies, convinced that such would help promote growth and development.

Uwaleke said the association would also partner with the commission to create more awareness on the benefits of the capital market in tertiary institutions, urging the commission to leverage on the expertise of the association by allowing it have representation on the Capital Market Committee.

He noted that “the SEC has done a lot in creating capital market curriculum in secondary school, but we feel that the low hanging fruit is in the university because that is where we have more literate people.
“We need to emphasize capital market studies in our universities because of the role it plays in economic development. We will do all we can to expand the frontiers of the capital market.”

Photo Caption: Acting Director General, Securities & Exchange Commission (SEC), Ms. Mary Uduk 2nd right), welcoming members of the Association of Capital Market Academics of Nigeria (ACMAN) led by its President, Prof Uche Uwaleke, to the commission’s headquarters in Abuja on Monday. With them are Dr. Hussaini Mohammed (left), and Head of Accounting, University of Abuja, Dr. Taibat Atoyebi, members of the association on Monday.

https://investdata.com.ng/2019/06/sec-academics-to-develop-curriculum-for-capital-market-studies-in-nigeria/

Investors Lie Low, Await Fiscal Policy Direction To Reposition Portfolio

Market Update for June 18
The nation’s equity market on Tuesday had a mixed, volatile and negative session, extending the bearish stance on a huge traded volume that was spiked by cross deals in Wema Bank and Zenith Bank. Buy and sell volume indicator revealed a sell position of 100% forWema Bank and ‘buy’ volume of 100% in Zenith Bank at the end of the session.
The continued selloffs in bellwether stocks like Dangote Cement, MTN Nigerian, Nestle, Guaranty Trust Bank, and Nigerian Breweries, remains a cause for serious concern among investors because it is a sign that smart money is still exiting these stocks. Also worrisome is the fact that market and economic fundamentals remain weak and in desperate need of a stimulant.

For now, there is seemingly no direction for the economy, as it remains rudderless with the government yet to form its economic team. The administration also seems in no hurry to roll out reform policies expected to drive economic activities and boost revenue for the implementation of the 2019 budget at a time the deficit level is rising.
As noted by members of the Monetary Policy Committee (MPC) in their personal comments at the meeting in May, the economy is yet to feel the impact of the rate cut, with the cost of funds still high in the face of an uptick in consumer price index over the past two months (READ MORE).

There is an urgent need for effective coordination of fiscal and monetary policies, given the stagnation in the economy, to prevent it from sliding into recession. Recall that in Q1 2019, Nigeria’s GDP fell to 2.01% from 2.34% in Q4 2018. This is why the government must realise that this is no time to gamble with the economy again.
Meanwhile, the day’s trading started with the Nigerian Stock Exchange (NSE) index gaping down in the morning, a situation that was sustained throughout the session as sell pressure hit the high cap stocks. This caused the index to touch intraday low of 29,797.11 basis points from its high of 29,936.33bps, before retracing up slightly to finish the day at 29,818.80bps on flat market breadth.
Market technicals were negative and mixed as volume traded was higher than the previous day’s, amidst of positive breadth and negative sentiment as revealed byInvestdata’s Daily Sentiment Report showing a ‘sell’ position of 84% and ‘buy’ volume of just 16% of the total daily transaction volume index of 6.49.

The impetus behind the day’s performance was weak and seriously down, as Money Flow Index read 11.98points, a decline from previous day’s 25.19bps, indicating funds are leaving the market and some stocks.

Index and Market Cap
At the end of the session, the All-Share index shed 117.50bps, closing at 29,818.80bps, after opening at 29.937.83bps representing 0.39% drop. Similarly, market capitalization lost N51.79bn to close at N13.14tr, from its opening value of N13.19tr, which represented 0.39% drop.
Attention: If you haven’t signed up for Investdata buy and sell signal setup, don’t delay. We have just added another risk management feature and new favorite stocks of the most revered traders and investors in corporate Nigeria to our watchlist, these stocks are with double potentials. To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. Take advantage of this service to buy right and sell right during this portfolio reshuffling and repositioning ahead of Q2 numbers and fiscal stimulus.

Value loss suffered by Okomu Oil, International Brewery, Forte Oil, Honeywell, Wema Bank, and Transcorp, in addition to the big cap stocks dragged the market down to impact negatively on the Year-to-Date loss position which rose to 5.13%. Market capitalization gain also dropped to N1.30tr, or 13.46%, from the year’s opening level of N11.72tr.

Mixed Sector Indices
The sectoral performance indexes were largely bullish, except for the NSE Consumer and Industrial Goods which closed lower by 1.22% and 0.04% respectively, while the NSE insurance led the advancers after gaining 1.72%. It was followed by Oil/Gas with 0.54%, while Banking was next with 0.32%.

Market breadth was slightly positive as advancers outnumbered decliners in the ratio of 21:20, just as market activities were up in volume and value traded by 1.90% and 191.47% to 2.91bn shares worth N11.22bn, from previous day’s 2.86bn units valued at N3.92bn. The day’s volume was driven by financial services stocks like Wema Bank, Zenith Bank, Access Bank, and Guaranty Trust Bank.
Champion Brewery and NEM Insurance were the best-performing stocks for the day as they topped the advancers’ table with 10% and 8.78% respectively to close at N1.32 and N2.23 per share respectively on market forces. On the flip side, Okomu Oil and ABC Transport lost 10% each to close at N66.48 and N0.24 respectively on profit-taking and market forces.

Market Outlook
The bearish trend and mixed performance may slow-down on a positive statement or move by the government on the economy and expected to reposition by bargain hunters at this current low stock prices in anticipation of March year-end earnings reports and second half interim dividend.
They may also take into consideration the expected economic reforms as the new cabinet are expected on board as Central Bank of Nigeria (CBN) had started rolling out plans and guidelines on how to lend to the private sector to boost economic activities and investment in different industries.

Investors look to government’s policy direction as the market faced low liquidity problems in pre and post-inauguration season, vis-à-vis market and economic fundamentals.
The drop in prices of major blue chips in recent times has created entry opportunities, following which we expect speculative trading to shape the market direction going forward.
We advise investors to allow numbers to guide their decisions while repositioning in any stock, especially now that stock prices remain low in the midst of mixed company numbers, weak economic and market fundamentals.

Take Action
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 throughout 2019 and beyond by getting the just concluded and life-transforming INVEST 2019 TRADERS & INVESTORS SUCCESS SUMMIT, CHART SUMMIT, and POST ELECTION BULLS & BEARS Home study pack (USB) that you can play on your phone, Laptop and Television set.
The events were a successful, insightful and educative outing that not only offered direction as to where investors should look for profitable trade in 2019 and beyond, insight into industries, sectors, and companies to seek worthwhile returns. What stocks should you buy? Grab the pack for the 10 Golden Stocks with the possibility of offering in 2019 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/2019/06/investors-lie-low-await-fiscal-policy-direction-to-reposition-portfolio/#more

Access Bank Unveils Womenpreneur Pitch-A-Ton 2019

As part of efforts to provide financial and business skills to female entrepreneurs, Access Bank Plc, on Tuesday in Lagos, announced the launch of its Womenpreneur Pitch-A-Ton 2019, a capacity building initiative which will provide financial grants as well as mini-MBA in conjunction with the International Finance Corporation (IFC) for 50 winners.

The Womenpreneur Pitch-A-Ton is targeted at women above the age of 18 years who have been in business for at least one year.
A statement by the bank quoted Ayona Aguele-Trimnell, Coordinator, W Initiative, Access Bank, as describing the Pitch-A-Ton is an expansion of the Womenpreneur Business Workshop, under the bank’s women proposition, the W Initiative.

According to her, “in line with our value proposition as the No. 1 Bank of Choice for women in Nigeria, we are happy to announce the launch of the Womenpreneur Pitch-A-Ton 2019 which will provide up to N10 million financial grant and a unique capacity building program aimed at empowering women entrepreneurs.”
“The Pitch-A-Ton is designed as a 3-month programme incorporating pitching sessions and three weeks of mini-MBA training in collaboration with the IFC.

“Access Bank has been a leading advocate for women’s economic empowerment in Nigeria and this is the key motivation for the W Initiative which caters to the women economy particularly in the areas of capacity building and creating networking opportunities for women” she added.
Explaining the mechanics for participation, Ada Udechukwu, Head, Women Banking said: “Interested persons who meet the criteria are required to fill an online application. The five hundred candidates selected from this pool will then send in a sixty seconds video pitch which will be screened by a credible panel of business experts to select fifty finalists.”

She added: “As part of the graduation requirements, the fifty finalists will pitch their businesses, infusing learnings from the mini-MBA and will stand an opportunity to win financial grants up to N5 million.

As a leading commercial bank in Nigeria, Access Bank has made significant investments aimed at enhancing growth in the Small and Medium-size Enterprise sector. The Bank is also a major advocate for women in business through innovative offerings like the W Power Loan, a discounted financing at 15% interest per annum, for women to grow their business as well as other Business Support Services.
The Womenpreneur Pitch-A-Ton is the first women-in-business support initiative of its kind in the industry. Please click HERE to know more.

https://investdata.com.ng/2019/06/access-bank-unveils-womenpreneur-pitch-a-ton-2019/#more

Again, CBN Pumps $210m Into Forex Market


The Central Bank of Nigeria (CBN), on Tuesday, said it has again injected a total of $210m into the Inter-bank Foreign Exchange Market, out of which authorized dealers in the wholesale segment offered the sum of $100m.
A statement by the CBN said Small and Medium Enterprises (SMEs) segment and customers requiring foreign exchange for Invisibles such as tuition fees, medical payments and Basic Travel Allowance (BTA), among others, received $55m each.
The statement quoted the CBN Director of Corporate Communications, Isaac Okorafor, as saying the apex bank’s effort continues to stabilize the foreign exchange market.
This, according to him, had sustained the level of confidence investors and the public had in the Naira.
Recall that last Friday, June 14, 2019, the CBN injected a total of $256.4m and CNY37.4m into the Retail Secondary Market Intervention Sales (SMIS) segment.
Meanwhile, the Naira on Tuesday, June 18, 2019, exchanged at an average of N362/$1 in the BDC segment of the market.

https://investdata.com.ng/2019/06/again-cbn-pumps-210m-into-forex-market/#more

Investdata Daily Sentiment Report as of June 20, 2019

NSEASI buy 0% MFI 12.04
Access buy 83% sell 17% volume index 0.75 MFI 88.07
Chams buy � MFI 62.55
Dangcem buy 0% volume index 2.51 MFI 51.23
Dangflour buy 80% sell 20% MFI 39.58
Dangsugar buy � MFI 14.47
Eterna buy 0% volume index 1.20 MFI 41.53
Eti buy � MFI 43.01
Fbnh buy 50% sell 50% volume index 2.78 MFI 54.47
Fidelity buy � MFI 66.33
FO buy � volume index 5.31 MFI 71.81
GT buy 86% sell 14% volume index 1.36 MFI 57.68
Japaul buy 0% MFI 31.81
Mansard buy 0% volume index 5.31 MFI 35.47
Oando buy � MFI 20.73
Prestige buy 0% volume index 22.94 MFI 2.02
Sovereins buy � MFI 3.83
Stanbic buy 0% volume index 1.42 MFI 69.44
Sterling buy � MFI 58.59
Transcorp buy 0% MFI 29.36
Uba buy � MFI 33.32
Ucap buy � volume index 0.73 MFI 65.72
Wapco buy 0% volume index 0.78 MFI 60.91
Wema buy � MFI 53.28
Zenith buy 67% sell 33% MFI 21.75

https://investdataltd..com/2019/06/investdata-daily-sentiment-report-as-of.html

High Volumes, Despite Down Market Signals Hope, As Investors Position For Q2 Earnings


Market Update for June 19
Trading on the Nigerian Stock Exchange (NSE) again closed lower at the midweek, to further consolidate the three consecutive sessions of losses which had extended the 5-wave decline that took the performance index into intraday low.
The recent huge volumes traded in some stocks during this prolonged down market signals there is hope for the nation’s equity market, despite the seemingly hopeless situation with the persisting selloff in highly capitalized stocks on the exchange.

We must, however, note that a nation with pension assets in excess of N9.1tr should not be witnessing such market decline as this since 2018. The story of weak economic fundamentals is not also new, following which we believe that if the government and its policymakers had done the needful at different level things would today be different. Other factors threatening economic activities and investment are the rising insecurity, made worse by the fact that the government has not demonstrated the capacity and commitment to charting a new course for the economy.
The day’s trading started with the indices looking up marginally before pulling back in the mid-morning, a situation that was maintained throughout the session as high cap stocks suffered value loses. The benchmark NSE All-Sharindextouched intraday low of 29,772.72 basis points from its high of 29,891.86bps, to finish the session lower bps on negative sentiment.

Market technicals were negative and mixed as volume traded was lower than the previous day’s, amidst of positive breadth and high selling pressure as revealed byInvestdata’s Daily Sentiment Report showing a ‘sell’ volume of 100% and ‘buy’ position was 0% of the total daily transaction volume index of 0.59.
The day’s volume was driven by the 970.17m shares of Forte Oil traded in off-market deals for N66.25bn (READ MORE).
The momentum behind the day’s performance was weak and flat, as Money Flow Index read 12.04points, from previous day’s 11.98bps, indicating funds are leaving the market and some stocks in the midst of prevailing low liquidity.

Index and Market Cap
The NSEASI, at the end of the day’s trading, lost a marginal 46.08bps, closing at 29,772.72bps, after opening at 29.818.83bps representing 0.15% decline. Just as markets capitalization lost N20.3bn to close at N13.12tr, from its opening value of N13.14tr, which represented 0.15% value loss.

Attention: If you haven’t signed up for Investdata buy and sell signal setup, don’t delay. We have just added another risk management feature and new favorite stocks of the most revered traders and investors in corporate Nigeria to our watchlist, these stocks are with double potentials. To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. Take advantage of this service to buy right and sell right during this portfolio reshuffling and repositioning ahead of Q2 numbers and fiscal stimulus.
The day’s downturn was driven by a selloff in Seplat, Dangote Cement, Nestle, MTNN, Zenith Bank, Stanbic IBTC, Unilever and FCMB, impacting negatively on the Year-to-Date loss position which increased to 5.27%. Market capitalisation gain also dropped to N1.28 trillion, or 13.28%, from the year’s opening level of N11.72tr.

Bearish Sector Indices
All sectoral indices were in red, except for the NSE Banking which closed in green by 1.32%, while the NSE industrial led the decliners after losing 0.83%. It was followed by Oil/Gas with 0.65%, next were consumer goods and insurance with 0.41% and 0.30% respectively.
Market breadth was positive as advancers outnumbered decliners in the ratio of 21:19, just as market activities were mixed as volume traded dropped by 57.73% to 1.23bn shares from the previous day 2.91bn units, while value was up by 505.80% to N67.89bn from N11.22bn.Volume was driven by financial services, oil and ICT stocks like Forte Oil, Prestige Assurance, Etranzact, Guaranty Trust Bank and FBNH.
Forte Oil and NEM Insurance were the best-performing stocks for the day, topping the advancers’ table with 10% each close at N34.65 and N2.45 per share respectively. investors should be exercise caution, asOtedola’s exited forte oil and market forces respectively. On the flip side, Consolidated Hallmark Insurance and Presco lost 9.09% each to close at N0.22 and N50.00 respectively on market forces and profit booking.

Market Outlook
The bearish trend and mixed performance may slow-down on a positive statement or move by the government on the economy and expected to reposition by bargain hunters at this current low stock prices in anticipation of March year-end earnings reports and second half interim dividend.
Investors may also take into consideration the expected economic reforms as the new cabinet is expected on board as Central Bank of Nigeria (CBN) had started rolling out plans and guidelines on how to lend to the private sector to boost economic activities and investment in different industries.

Investors look to the government’s policy direction as the market faced low liquidity problems in pre and post-inauguration season, vis-à-vis market and economic fundamentals.
The drop in prices of major blue chips in recent times has created entry opportunities, following which we expect speculative trading to shape the market direction going forward.
We advise investors to allow numbers to guide their decisions while repositioning in any stock, especially now that stock prices remain low in the midst of mixed company numbers, weak economic and market fundamentals.

Take Action
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 throughout 2019 and beyond by getting the just concluded and life-transforming INVEST 2019 TRADERS & INVESTORS SUCCESS SUMMIT, CHART SUMMIT, and POST ELECTION BULLS & BEARS Home study pack (USB) that you can play on your phone, Laptop and Television set.
The events were a successful, insightful and educative outing that not only offered direction as to where investors should look for profitable trade in 2019 and beyond, insight into industries, sectors, and companies to seek worthwhile returns. What stocks should you buy? Grab the pack for the 10 Golden Stocks with the possibility of offering in 2019 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/2019/06/high-volumes-despite-down-market-signals-hope-as-investors-position-for-q2-earnings/

Investdata Daily Sentiment Report as of June 21, 2019

NSEASI buy 35% sell 65% MFI 11.87
Access buy 71% sell 29% volume index 1.22 MFI 89.58
Cadbury buy � volume index 2.33 MFI 0.00
Chams buy � MFI 59.93
Chi buy � volume index 2.04 MFI 16.29
Dangflour buy 33% sell 67% volume index 1.87 MFI 55.62
Dangsugar buy 72% sell 28% volume index 1.59 MFI 25.74
Eti buy � MFI 42.50
Fbnh buy � MFI 55.07
Fcmb buy 0% MFI 90.68
Fidelity buy 25% sell 75% MFI 59.08
Fmn buy � volume index 1.78 MFI 32.04
FO buy 0% volume index 6.14 MFI 54.92
GT buy � volume index 1.00 MFI 59.81
Honyflour buy 0% volume index 2.28 MFI 41.82
Lasaco buy 0% volume index 0.85 MFI 11.26
Linkass buy � volume index 1.33 MFI 94.07
Mansard buy 0% volume index 6.49 MFI 64.79
Nahco buy 33% sell 67% volume index 0.91 MFI 7.55
Nem buy 83% sell 17% volume index 2.12 MFI 82.84
Oando buy 67% sell 33% volume index 0.82 MFI 24.39
Sterling buy � volume index 5.08 MFI 73.91
Transcorp buy � MFI 32.36
Uba buy 60% sell 40% MFI 34.41
Ucap buy 50% sell 50% volume index 0.90 MFI 66.26
Wema buy 33% sell 67% MFI 53.33
Zenith buy 0% MFI 20.34

https://investdataltd..com/2019/06/investdata-daily-sentiment-report-as-of_21.html

New Owners To Retain Forte Oil Brand Name, As Share Price Drop 10%

The board of Forte Oil Plc, on Thursday, intimated stakeholders through the Nigerian Stock Exchange (NSE) that parties to the transaction that saw majority shareholder- Femi Otedola divest his 74.02% equity stake to new owners- Ignite
Investments and Commodities Limited led by Prudent Energy Services Limited agreed to retain the brand name.
The statement by Akinleye Olagbende, General Counsel and Company Secretary, did not, however, state for how long, but explained that the transition of the board of directors has begun and new directors have been appointed, subject to ratification by the shareholders at the next general meeting of the company.
Meanwhile, the company’s share price lost N3.45 or 9.96% at the end of Thursday’s trading session on the NSE, closing at N34.65 each, as stockbrokers crossed 4.468m units.

The statement said the conclusion of the transaction will see Ignite Investments and Commodities Limited, take over controlling stake in Forte Oil PLC and was consequent upon Ignite receiving all the necessary approvals from the Securities and Exchange Commission (SEC), the NSE and fulfilling all relevant terms and conditions attached to the Share Purchase.
The statement quoted FO’s Group Chief Executive Officer, Akin Akinfemiwa as saying the transaction “concludes a very painstaking process and we believe that this transaction would optimize the existing capabilities inherent in the business and its people who are the key drivers of the business and propel the Company towards an assured future.”

Also, Chairman of Ignite and Chief Executive of Prudent Energy Services Limited, Abdulwasiu Sowami explained that “this investment is of strategic importance to support our quest of continuously adding value to the Nigerian oil and gas industry. The next phase of Forte Oil’s growth will focus on increasing volumes, diversifying business operations, widening distribution networks and extracting potential synergies with partners. We look forward to working as part of the Forte Oil family to achieve this growth.”
While Standard Chartered Bank, Corporate Finance & Advisory and Olaniwun Ajayi LP served as Financial and Legal advisors respectively to Otedola, PricewaterhouseCoopers and Stanbic IBTC Capital Limited were Joint Financial Advisors. On the other hand, Sefton Fross served as legal advisor to Ignite Investments and Commodities Limited.

https://investdata.com.ng/2019/06/new-owners-to-retain-forte-oil-brand-name-as-share-price-drop-10/

Investdata Weekly Sentiment Report

NSEASI buy 40% sell 60% volume index 3.79 MFI 14.55
Abc buy 0% volume index 3.62 MFI 50.57
Access buy 86% sell 14% MFI 70.92
Afrprud buy 0% MFI 28.57
Aiico buy � volume index 0.78 MFI 59.38
Berger buy � volume index 1.20 MFI 16.61
Cadbury buy 87% sell 13% MFI 70.10
Cap buy 0% volume index 2.09 MFI 22.23
Caverton buy 0% MFI 86.64
Chams buy 0% MFI 85.29
Chi buy � volume index 0.96 MFI 30.78
CIleasing buy 0% MFI 3.07
Conoil buy 0% volume index 1.64 MFI 48.46
Cutix buy 80% sell 20% volume index 1.62 MFI 14.02
Dangcem buy � volume index 1.55 MFI 57.04
Dangflour buy 50% sell 50% MFI 63.90
Dangsugar buy 74% sell 26% volume index 0.99 MFI 21.47
Eti buy � MFI 18.70
Eterna buy 14% sell 86% MFI 8.62
Fbnh buy � MFI 22.07
Fcmb buy 14% sell 86% MFI 32.08
Fidelity buy 21% sell 79% volume index 0.83 MFI 41.97
Fmn buy � volume index 2.40 MFI 12.11
Fo buy 20% sell 80% volume index 4.45 MFI 78.01
Glaxo buy � MFI 31.26
GT buy 58% sell 42% volume index 0.99 MFI 44.12
Honyflour buy 29% sell 71% volume index 1.25 MFI 36.87
Jaiz buy 33% sell 67% volume index 0.75 MFI 35.09
Japaul buy 0% MFI 68.86
JBerger buy 65% sell 35% volume index 0.71 MFI 45.17
Lasaco buy 0% MFI 76.09
Lawunion buy � MFI 92.33
Linkass buy 95% sell 5% volume index 0.98 MFI 33.17
Lvstk buy 0% volume index 1.08 MFI 34.24
Mansard buy 88% sell 12% MFI 62.96
Mben buy 0% volume index 0.75 MFI 32.52
Mobil buy � MFI 48.62
Nahco buy 98% sell 2% volume index 2.42 MFI 59.53
Neimeth buy 0% MFI 53.50
Nem buy � MFI 56.00
Nestle buy 0% volume index 0.93 MFI 44.19
Oando buy 71% sell 29% volume index 0.93 MFI 13.76
Okomu buy 0% MFI 31.16
Prestige buy 80% sell 20% volume index 20.06 MFI 97.28
Pz buy 0% volume index 0.95 MFI 17.30
Royalex buy 0% MFI 20.00
Seplat buy 79% sell 21% volume index 2.07 MFI 49.16
Sovereins buy 50% sell 50% MFI 39.90
Stanbic buy 0% MFI 24.85
Sterling buy � volume index 1.20 MFI 85.00
Transcorp buy 75% sell 25% MFI 68.19
Uacn buy 13% sell 87% volume index 1.51 MFI 51.93
Uba buy 78% sell 22% MFI 40.16
Ubn buy 0% MFI 89.61
Ucap buy 69% sell 31% volume index 1.04 MFI 22.21
Unilever buy 0% MFI 38.98
Unity buy 17% sell 83% volume index 0.78 MFI 24.20
Vitafoam buy � MFI 52.48
Wapco buy � volume index 4.79 MFI 65.90
Wapic buy 0% volume index 0.80 MFI 73.61
Wema buy 60% sell 40% volume index 16.36 MFI 81.19
Zenith buy 17% sell 83% volume index 3.51 MFI 17.85

https://investdataltd..com/2019/06/investdata-weekly-sentiment-report_24.html?m=1

Investdata Price & Earnings Tracking For Week Ended June 21, 2019

https://investdata.com.ng/2019/06/investdata-price-earnings-tracking-for-week-ended-june-21-2019/

Caution On NGSE, Amidst Likely Month-end Portfolio Rebalancing Ahead March FY Earnings Season

Market Update for the week ended June 21 and Outlook for June 24-28
The Nigerian Stock Exchange (NSE), ended three consecutive weeks of pullbacks last week, despite Friday’s seeming upmarket, after attempting a rebound in the month of May on the strength of the listing of MTN Nigeria and hope that the Federal Government will hit the ground running after the inauguration of President Muhammadu Buhari for the second four-year term, which has not happened.

The week’s benchmark NSE All-Share index, however, closed lower on the strength of a huge volume traded as stock prices resisted further decline during the last two trading sessions on seemingly improved buying interest and market breadth. The huge volume seen during the week was last witnessed during the market’s January 2018 peak which ushered in the current prolonged downtrend that has lasted 17 months.

During the week also, Nigeria’s National Bureau of Statistics (NBS) published the Consumer Price Index (CPI) for May 2019 showing that on the average, the general price level of goods and services or Headline inflation rose by 11.40% from 11.37% in the preceding month. This was mainly driven by an increase in the Food price sub-index of the Headline inflation for the second month running, just as the global trend reported by the Food and Agricultural Organization (FAO), an arm of the United Nations. According to the June 2019 report FAO says global food price index moved up 2.08pts, Month-on-Month, to 172.4pts in May, owing to increases in the price indexes of Meat, Dairy, and Cereals.

Investdata research believes the uptick seen in Nigeria’s food price index for the last two months arose from seasonal impacts due to the planting season, especially with the onset of rainfall, rather than being demand pushed, given that the purchasing power of consumers remains low. We expected that this uptrend in inflation will likely persist till July /August when the harvest season kicks off. Stabilising prices at the expenses of economic productivity and growth will lead to recession, as such, to avoid this one step forward and four backward movements the fiscal and monetary authorities need to agree on what their plan for the economy and how to achieve it.

Movement Of NSEASI
The week opened on a negative note, reversing the previous session’s gain, shedding 0.30% on a resumed selloff in highly capitalized stocks, which was extended to Tuesday when the index declined by a further 0.39% on a huge volume. This trend was sustained at the midweek session and Thursday when it lost 0.15% and 0.02% respectively, before a marginal rebound on Friday with the 0.29% gain, after medium and high cap stocks resisted a further decline. This brought the week’s total loss to 0.65%, compared to the previous 1.27% slide.

Despite, the slowdown in the losing momentum for the period, year-to-date loss stood at 5.02%, just as market breadth turned positive as buying interests increased due to portfolio rebalancing ahead of the last trading week of the month of June when window dressing is expected, even as investors position for March year-end earnings reports.

Also, this last trading week of the month is expected to usher in the second quarter earnings reporting season, especially for interim dividend-paying stocks.
Medium and low cap stocks were the week’s top gainers as they dominated the advancers table as the ‘sell’ pressure on blue-chip stocks subsided during the period in the midst of huge traded volume and the prevailing low liquidity.
The Federal Government’s delay in appointment of ministers, articulating its new economic reforms policy agenda to give a sense of its direction remains a cause for concern among investors. The sluggish style and attitude of the government have not helped matters, considering that the President was re-elected for this second term since February, compared to the fact that South Africa, our counterpart, whose President was elected in March had within 72 hours announced his new cabinet to drive the country’s governance and economy.

The impetus behind the week’s performance was weak, as shown by the money flow index at 14.55 basis points, compared to 18.23bps in the previous week. This indicates that funds are leaving the market and some stocks, even as sentiments remained negative and mixed, with buy volume at 40% and sell position, 60% on a transaction volume index of 3.79.

We however note that finally, after four years, the Federal Government is set to reconstitute the board of the Securities and Exchange Commission (SEC) and ensure proper regulation of the Nigerian capital market as against the present situation where such a very important economic growth and development agent is run as a branch of the Federal Ministry of Finance and subject to the “body language” of a single individual, a situation largely responsible for the doldrums in the market today. Members of the new board chaired by Olufemi Lijadu, 60, a partner in the Commercial Law firm of Ukiri Lijadu, will be inaugurated on Monday, June 24, 2019, will have as a first task the restoration of market confidence.

NSEASI Weekly Time Frame
Mixed sentiment for medium and highly capitalized stocks has reduced the market’s losing momentum on the high transaction volume that reveals accumulation in the midst of weak money flow index, low liquidity, but positive market breadth and pullback from the recently attempted rebound that was short-lived as investors took profit from the rally. However, a reversal of the downtrend is imminent as Fibonacci retracement is between 38.2% and 23.6%. The high transaction volume in the market raises hope for a full rebound in no distant time.
The current chart pattern on the NSE All-Share index supports reversal as it is trading on top of its 20-DMA within the Bollinger band, while RSI is reading ‘oversold’ at 42.26. But then, Money flow at 14.55 points remains weak.

Bullish Sectoral Indices
All the sectoral performance indexes for the period closed higher, except for the NSE Consumer Goods that closed 1.54% lower. The NSE Insurance, however, led the advancers after gaining 8.34%; followed by the NSE industrial goods with 3.17%, just as the banking and oil/gas index closed 2.53% and 0.71% up respectively. This reflected a buying sentiment in the market, at a time market breadth turned positive with advancers outnumbering decliners in the ratio of 34:33, to continue the down market.

Market activities in volume and value rose 758.94% and 475.63% respectively, to 7.48bn shares worth N91.11bn, as against previous week’s 868.74m units valued at N15.79bn.
Linkage Assurance and NEM Insurance were the best-performing stocks for the period, topping the advancers’ chart with 37.50% and 33.33% gains respectively, to close at N0.66 and N2.80 per share on market forces and low price attractions. On the flip side, Chams and Chemical & Allied Products lost 13.89% and 11.58% respectively, closing at N0.31 and N27.50, on profit-taking.

Market Outlook
We expect portfolio repositioning and balancing for month end and the Q2 earnings reporting season to improve the overall market outlook. This will slow down the southward trend as bargain hunters likely hit the market any moment from now, while discerning investors are taking advantage of low valuation to ahead of March year-end numbers and second half interim dividend stocks.

They may also take into consideration the expected economic reforms as government announces its much-awaited new cabinet, just as plans by the Central Bank of Nigeria (CBN) to reduce banks’ participation in government securities is expected to boost private sector lending to drive economic activities and investment.

There is also the likely end of month trading account balancing in the midst of portfolio repositioning in expectation March year-end earnings reports.
Profit taking may persist in highly capitalized stocks due to portfolio restructuring. Hence, overall market performance to remain mixed amidst positive sentiments and negative breadth.

Market players should maintain a cautious outlook due to low confidence, liquidity and the wait for major economic triggers. Hence, we advise investors to trade cautiously in the short-term, with their gaze fixed on blue-chip stocks that are selling more than 40% below their 52 weeks high. As we look out for a positive catalyst to drive market recovery.

That notwithstanding, we would not overlook the possibility of a bargain-hunting motive supporting positive performance, especially with many fundamentally sound stocks remaining underpriced. With the prices of major blue chips continuing to drop in recent weeks, we expect speculative trading to shape the market’s direction this week, despite the seeming negative outlook.

The sustained volatility will continue as investors and fund managers rebalance their portfolios, with eyes fixed on the political space and post-inauguration market dynamics. Investors should review their positions in line with their investment goals, the strength of 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 and allow numbers guide their decisions while repositioning in any stock, especially now that stock prices remain low in the midst of mixed company numbers, weak economic and market fundamentals.

Take Action
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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/2019/06/caution-on-ngse-amidst-likely-month-end-portfolio-rebalancing-ahead-march-fy-earnings-season/

Caution On NGSE, Amidst Likely Month-end Portfolio Rebalancing Ahead March FY Earnings Season

Market Update for the week ended June 21 and Outlook for June 24-28
The Nigerian Stock Exchange (NSE), ended three consecutive weeks of pullbacks last week, despite Friday’s seeming upmarket, after attempting a rebound in the month of May on the strength of the listing of MTN Nigeria and hope that the Federal Government will hit the ground running after the inauguration of President Muhammadu Buhari for the second four-year term, which has not happened.

The week’s benchmark NSE All-Share index, however, closed lower on the strength of a huge volume traded as stock prices resisted further decline during the last two trading sessions on seemingly improved buying interest and market breadth. The huge volume seen during the week was last witnessed during the market’s January 2018 peak which ushered in the current prolonged downtrend that has lasted 17 months.

During the week also, Nigeria’s National Bureau of Statistics (NBS) published the Consumer Price Index (CPI) for May 2019 showing that on the average, the general price level of goods and services or Headline inflation rose by 11.40% from 11.37% in the preceding month. This was mainly driven by an increase in the Food price sub-index of the Headline inflation for the second month running, just as the global trend reported by the Food and Agricultural Organization (FAO), an arm of the United Nations. According to the June 2019 report FAO says global food price index moved up 2.08pts, Month-on-Month, to 172.4pts in May, owing to increases in the price indexes of Meat, Dairy, and Cereals.

Investdata research believes the uptick seen in Nigeria’s food price index for the last two months arose from seasonal impacts due to the planting season, especially with the onset of rainfall, rather than being demand pushed, given that the purchasing power of consumers remains low. We expected that this uptrend in inflation will likely persist till July /August when the harvest season kicks off. Stabilising prices at the expenses of economic productivity and growth will lead to recession, as such, to avoid this one step forward and four backward movements the fiscal and monetary authorities need to agree on what their plan for the economy and how to achieve it.

Movement Of NSEASI
The week opened on a negative note, reversing the previous session’s gain, shedding 0.30% on a resumed selloff in highly capitalized stocks, which was extended to Tuesday when the index declined by a further 0.39% on a huge volume. This trend was sustained at the midweek session and Thursday when it lost 0.15% and 0.02% respectively, before a marginal rebound on Friday with the 0.29% gain, after medium and high cap stocks resisted a further decline. This brought the week’s total loss to 0.65%, compared to the previous 1.27% slide.

Despite, the slowdown in the losing momentum for the period, year-to-date loss stood at 5.02%, just as market breadth turned positive as buying interests increased due to portfolio rebalancing ahead of the last trading week of the month of June when window dressing is expected, even as investors position for March year-end earnings reports.

Also, this last trading week of the month is expected to usher in the second quarter earnings reporting season, especially for interim dividend-paying stocks.
Medium and low cap stocks were the week’s top gainers as they dominated the advancers table as the ‘sell’ pressure on blue-chip stocks subsided during the period in the midst of huge traded volume and the prevailing low liquidity.
The Federal Government’s delay in appointment of ministers, articulating its new economic reforms policy agenda to give a sense of its direction remains a cause for concern among investors. The sluggish style and attitude of the government have not helped matters, considering that the President was re-elected for this second term since February, compared to the fact that South Africa, our counterpart, whose President was elected in March had within 72 hours announced his new cabinet to drive the country’s governance and economy.

The impetus behind the week’s performance was weak, as shown by the money flow index at 14.55 basis points, compared to 18.23bps in the previous week. This indicates that funds are leaving the market and some stocks, even as sentiments remained negative and mixed, with buy volume at 40% and sell position, 60% on a transaction volume index of 3.79.

We however note that finally, after four years, the Federal Government is set to reconstitute the board of the Securities and Exchange Commission (SEC) and ensure proper regulation of the Nigerian capital market as against the present situation where such a very important economic growth and development agent is run as a branch of the Federal Ministry of Finance and subject to the “body language” of a single individual, a situation largely responsible for the doldrums in the market today. Members of the new board chaired by Olufemi Lijadu, 60, a partner in the Commercial Law firm of Ukiri Lijadu, will be inaugurated on Monday, June 24, 2019, will have as a first task the restoration of market confidence.

NSEASI Weekly Time Frame
Mixed sentiment for medium and highly capitalized stocks has reduced the market’s losing momentum on the high transaction volume that reveals accumulation in the midst of weak money flow index, low liquidity, but positive market breadth and pullback from the recently attempted rebound that was short-lived as investors took profit from the rally. However, a reversal of the downtrend is imminent as Fibonacci retracement is between 38.2% and 23.6%. The high transaction volume in the market raises hope for a full rebound in no distant time.
The current chart pattern on the NSE All-Share index supports reversal as it is trading on top of its 20-DMA within the Bollinger band, while RSI is reading ‘oversold’ at 42.26. But then, Money flow at 14.55 points remains weak.

Bullish Sectoral Indices
All the sectoral performance indexes for the period closed higher, except for the NSE Consumer Goods that closed 1.54% lower. The NSE Insurance, however, led the advancers after gaining 8.34%; followed by the NSE industrial goods with 3.17%, just as the banking and oil/gas index closed 2.53% and 0.71% up respectively. This reflected a buying sentiment in the market, at a time market breadth turned positive with advancers outnumbering decliners in the ratio of 34:33, to continue the down market.

Market activities in volume and value rose 758.94% and 475.63% respectively, to 7.48bn shares worth N91.11bn, as against previous week’s 868.74m units valued at N15.79bn.
Linkage Assurance and NEM Insurance were the best-performing stocks for the period, topping the advancers’ chart with 37.50% and 33.33% gains respectively, to close at N0.66 and N2.80 per share on market forces and low price attractions. On the flip side, Chams and Chemical & Allied Products lost 13.89% and 11.58% respectively, closing at N0.31 and N27.50, on profit-taking.

Market Outlook
We expect portfolio repositioning and balancing for month end and the Q2 earnings reporting season to improve the overall market outlook. This will slow down the southward trend as bargain hunters likely hit the market any moment from now, while discerning investors are taking advantage of low valuation to ahead of March year-end numbers and second half interim dividend stocks.

They may also take into consideration the expected economic reforms as government announces its much-awaited new cabinet, just as plans by the Central Bank of Nigeria (CBN) to reduce banks’ participation in government securities is expected to boost private sector lending to drive economic activities and investment.

There is also the likely end of month trading account balancing in the midst of portfolio repositioning in expectation March year-end earnings reports.
Profit taking may persist in highly capitalized stocks due to portfolio restructuring. Hence, overall market performance to remain mixed amidst positive sentiments and negative breadth.

Market players should maintain a cautious outlook due to low confidence, liquidity and the wait for major economic triggers. Hence, we advise investors to trade cautiously in the short-term, with their gaze fixed on blue-chip stocks that are selling more than 40% below their 52 weeks high. As we look out for a positive catalyst to drive market recovery.

That notwithstanding, we would not overlook the possibility of a bargain-hunting motive supporting positive performance, especially with many fundamentally sound stocks remaining underpriced. With the prices of major blue chips continuing to drop in recent weeks, we expect speculative trading to shape the market’s direction this week, despite the seeming negative outlook.

The sustained volatility will continue as investors and fund managers rebalance their portfolios, with eyes fixed on the political space and post-inauguration market dynamics. Investors should review their positions in line with their investment goals, the strength of 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 and allow numbers guide their decisions while repositioning in any stock, especially now that stock prices remain low in the midst of mixed company numbers, weak economic and market fundamentals.

https://investdata.com.ng/2019/06/caution-on-ngse-amidst-likely-month-end-portfolio-rebalancing-ahead-march-fy-earnings-season/

Hello Investors,

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

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

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

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Investdata Consulting.

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Hello Investors,

The above Video is the market update week ended as at 21st June, 2019. I understand that you might be busy but the video is not more than 10 minutes.

The information inside the video makes it a special one because I took time to analyze a new telecommunications company that will be joining NSE next Month.

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https://www.youtube.com/watch?v=Gj2Yk7nQBfI

Investdata Daily Sentiment Report as of June 25, 2019

NSEASI buy 59% sell 41% volume index 1.38 MFI 5.60
Access buy 0% volume index 1.70 MFI 70.03
Ccnn buy 0% volume index 3.53 MFI 47.24
Chams buy � MFI 36.46
Chi buy � volume index 1.34 MFI 22.66
Dangflour buy 75% sell 25% volume index 1.50 MFI 65.64
Dangsugar buy 0% MFI 33.29
Eti buy 0% volume index 1.24 MFI 22.81
Fbnh buy 50% sell 50% MFI 44.13
Fcmb buy 0% volume index 1.17 MFI 82.95
Fidelity buy 0% MFI 51.60
Fo buy � volume index 2.30 MFI 46.33
GT buy 11% sell 89% volume index 0.97 MFI 56.66
Japaul buy 0% volume index 1.23 MFI 5.34
Lasaco buy � volume index 6.29 MFI 62.25
Nestle buy � volume index 2.88 MFI 37.86
Npf buy 12% sell 88% volume index 4.95 MFI 9.22
Oando buy � MFI 20.94
Pz buy 0% volume index 3.27 MFI 47.76
Sovereins buy 0% MFI 16.22
Sterling buy � MFI 70.98
Transcorp buy � MFI 38.80
Uacn buy 50% sell 50% MFI 11.76
Uba buy � MFI 16.78
Ucap buy 0% MFI 54.49
Wapco buy 36% sell 64% volume index 9.18 MFI 93.72
Wema buy � MFI 53.34
Zenith buy 50% sell 50% volume index 7.35 MFI 39.30

https://investdataltd..com/2019/06/investdata-daily-sentiment-report-as.html

Investdata Daily Sentiment Report as of 28 June, 2019

NSEASI buy 19% sell 81% volume index 0.87 MFI 5.50
Access buy 80% sell 20% volume index 0.72 MFI 63.41
Aiico buy � volume index 0.95 MFI 57.98
Ccnn buy 0% volume index 7.31 MFI 11.62
Chams buy 0% volume index 2.47 MFI 25.10
Chi buy � volume index 1.44 MFI 35.13
CIleasing buy 0% volume index 26.00 MFI 91.13
Eti buy 45% sell 55% volume index 1.03 MFI 30.34
Fbnh buy 0% volume index 1.49 MFI 40.15
Fcmb buy 0% MFI 57.23
Fmn � volume index 6.50 MFI 22.54
GT buy 0% volume index 0.73 MFI 55.41
Oando buy � volume index 0.75 MFI 43.98
Seplat buy � volume index 5.97 MFI 61.61
Sterling buy 0% MFI 65.92
Transcorp buy � MFI 38.56
Uacn buy � volume index 0.73 MFI 40.81
Uba buy 50% sell 50% MFI 16.01
Ucap buy 46% sell 54% MFI 51.01
Wapco buy � MFI 91.28
Wema buy � volume index 1.09 MFI 51.35
Zenith buy 75% sell 25% MFI 40.96

https://investdataltd..com/2019/06/investdata-daily-sentiment-report-as-of_27.html?m=1

Investdata Weekly Sentiment Report as of July 1st, 2019

NSEASI buy 98% sell 2% volume index 1.03 MFI 14.27
Access buy 20% sell 80% volume index 0.97 MFI 56.00
Afrprud buy 50% sell 50% MFI 34.41
Aiico buy 0% MFI 61.89
Berger buy 79% sell 21% volume index 2.25 MFI 27.42
Beta buy 0% volume index 1.06 MFI 56.95
Cadbury buy 36% sell 64% volume index 1.50 MFI 69.95
Caverton buy � MFI 86.85
Ccnn buy 96% sell 4% volume index 1.03 MFI 3.25
Chams buy 67% sell 33% MFI 83.66
Chi buy � volume index 0.96 MFI 41.25
CIleasing buy 14% sell 86% volume index 9.83 MFI 1.77
Custodian buy 91% sell 9% volume index 2.21 MFI 30.33
Cutix buy 0% volume index 1.62 MFI 13.47
Dangcem buy 83% sell 17% MFI 56.28
Dangflour buy 83% sell 17% MFI 62.04
Dangsugar buy 0% MFI 21.86
Eterna buy � MFI 9.27
Eti buy 94% sell 6% volume index 2.87 MFI 12.97
Fbnh buy 10% sell 90% volume index 0.87 MFI 16.54
Fcmb buy 33% sell 67% MFI 33.38
Fidelity buy 9% sell 91% MFI 34.49
Fmn buy � volume index 5.03 MFI 38.43
Fo buy 0% volume index 2.21 MFI 69.28
Glaxo buy 39% sell 61% volume index 2.50 MFI 48.98
GT buy � volume index 2.05 MFI 49.10
Honyflour buy 0% MFI 38.18
Jaiz buy � MFI 36.80
Japaul buy 50% sell 50% MFI 68.86
JBerger buy � MFI 47.46
Lasaco buy 0% volume index 2.47 MFI 81.27
Lawunion buy � MFI 93.33
Linkass buy � MFI 37.97
Lvstk buy 0% volume index 2.21 MFI 29.55
Mansard buy � volume instead 1.41 MFI 77.36
M&B buy 80% sell 20% volume index 1.03 MFI 67.42
Mben buy � volume index 1.12 MFI 42.89
Nahco buy 0% MFI 62.35
Nem buy 0% MFI 59.12
Nestle buy 80% sell 20% volume index 2.37 MFI 51.43
Npf buy 0% volume index 3.55 MFI 19.10
Oando buy � volume index 1.24 MFI 21.18
Okomu buy 0% volume index 4.01 MFI 22.23
Prestige buy 0% volume index 2.57 MFI 97.27
PZ buy 50% sell 50% volume index 1.12 MFI 17.31
Seplat buy � volume index 2.99 MFI 67.73
Stanbic buy 65% sell 35% volume index 0.82 MFI 25.61
Sterling buy 26% sell 74% MFI 82.90
Transcorp buy 77% sell 23% volume index 0.84 MFI 63.86
Uacp buy 0% volume index 2.25 MFI 73.06
Uacn buy � volume index 1.39 MFI 53.39
Uba buy 25% sell 75% MFI 32.34
Ubn buy 0% MFI 88.82
Ucap buy 88% sell 12% volume index 1.08 MFI 29.09
Unilever buy 100 volume index 2.66 MFI 49.09
Vitafoam buy � MFI 50.23
Wapco buy 48% sell 52% volume index 6.11 MFI 81.71
Wapic buy � MFI 72.11
Wema buy 43% sell 57% MFI 81.33
Zenith buy 0% volume index 2.87 MFI 15.46

Investdata Price & Earnings Tracking For Week Ended June 28, 2019

https://investdata.com.ng/2019/06/investdata-price-earnings-tracking-for-week-ended-june-28-2019/#more

Corporate Actions As At Week Ended Friday, June 28, 2019

https://investdata.com.ng/2019/06/corporate-actions-as-at-week-ended-friday-june-28-2019/#more

WHY YOU NEED TO THlNK DIFFERENTLY TO BECOME A BILLIONAIRE

*MONEY*
Average people look for ways to spend money. Billionaires look for ways to invest money.

*JOBS*
Average people think a better job will make them wealthy. Billionaires know that a job will never make them wealthy, investment will.

*RISK*
Average people stay away from risks because they might fail. Billionaires know if they don't take risks, they have already failed.

*PROBLEMS*
Average people try to avoid problems. Billionaires see problem as an opportunity to make millions.

*PREPARATION*
Average people prepare for today. Billionaires prepare today for the opportunities of tomorrow.

*TIME*
Average people waste time. Billionaires see time as their most valuable assets.

*FEAR*
Average people are always afraid of losing money. Billionaires know if they don't lose money they cannot be wiser, smarter
and stronger.PHYTOSCIENCE is working open your eye ������

� *THINK RIGHT AND BE A SOLUTION PROVIDER* ���


https://investdataltd..com/2019/07/why-you-need-to-think-differently-to.html

Hello Investors,

The fundamental and technical position of the selected companies have been posted on the membership site for you. Please click on the below link to access and download it now.

To Your Success
Investdata Consulting.

P.S. You need to act fast. You know time wait for no one.

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

Investdata Daily Sentiment Report as of July 2nd, 2019

NSEASI buy 6% sell 94% MFI 4.86
Access buy � MFI 65.37
Ccnn buy � volume index 0.85 MFI 73.57
Eti buy 0% volume index 0.82 MFI 72.31
Fbnh buy � volume index 0.98 MFI 23.25
Fcmb buy 36% sell 64% MFI 35.88
Fidelity buy � MFI 71.32
Fo buy 88% sell 12% volume index 0.90 MFI 36.77
GT buy 0% MFI 78.76
Honyflour buy 0% volume index 3.10 MFI 25.35
Jaiz buy � MFI 32.35
Japaul buy 0% volume index 1.06 MFI 33.21
Npf buy � volume index 2.17 MFI 11.07
Sterling buy � MFI 62.55
Transcorp buy 0% volume index 1.76 MFI 18.33
Uacn buy 0% MFI 57.08
Uba buy 50% sell 50% MFI 37.71
Ucap buy 0% MFI 55.86
Wapco buy 33% sell 67% MFI 81.44
Zenith buy 20% sell 80% volume index 40.93

https://investdataltd..com/2019/07/investdata-daily-sentiment-report-as-of.html

Hello Investors,

Here is the Mid Year Market Review

A lot has happened for. January to June 2019. So, this is a must watch.

However, if you are yet to review your buying and selling signal Premium Membership, call NOW 08028164085, 08032055467


https://www.youtube.com/watch?v=Gj2Yk7nQBfI

Value Investing Strategies For Picking Stocks In A Down Market

The prolonged down market on the Nigerian Stock Exchange (NSE) has further eroded the confidence level of many investors, even as the air of uncertainty continues to heighten on a daily basis. This is due to the weak economic and market fundamentals that have reflected on the up and down movement of the NSE’s benchmark index over the past 15 months.

Despite the current illiquidity in the market, analysts at Investdata Consulting foresee a market that is recovery bound in this second half of the year, especially in September and October that will then usher in a stable market in 2020. We see this ongoing volatility continuing in this third quarter, despite the fact that most companies would publish their Q2 earnings reports before this month end in line with the post-listing requirement of the NSE.

Investing wisely in the second half of 2019, therefore, means buying cheap stocks that are near, or have reached resistance and not likely to slide further. Ability to identify this category of stocks is therefore key.
While the sharp appreciations may not come immediately, due to the prevailing high volatility, we believe that the time is ripe for those who can start entering the market, accumulating value stocks most of whose prices have gone ridiculously low.

In equity investments like we know, price movements are a function of earnings in the short to long run, also the lower the price of a stock from its highest level, the lower the possibility of future losses keeping other variable constant.

The table above shows the price and earnings movement of the stocks year to date.
This would tell you how low prices have gone. Despite this, you will see that some stocks are still defensive during this down market. You will also agree with me that most of the stocks are within that price range we can start positioning for the medium and long-term as we expect catalysts that would stimulate the bull-run. Some investors that probably bought high will notice from the table that the prices have fallen to or even below their fair values. Should we not be buying now?

With the Central Bank of Nigeria (CBN) releasing its five-year blueprint, with one of the major highlights being a planned banking sector recapitalization is one of its agenda to consolidate to solidify the financial nation’s financial system, following the devaluation of the Naira since the last exercise ended in 2005. The need to strengthen the nation’s banks, given their role as engine rooms of economic growth and development and we note the sector’s positive influence on the nation’s stock market.

One other factor that will guide investment decisions this month as companies present their accounts is the expectation of interim dividend from some first-tier banks and a few others in the consumer goods and insurance sectors.

Attention: If you haven’t signed up for Investdata buy and sell signal setup, don’t delay. We have just added another risk management feature and new favorite stocks of the most revered traders and investors in corporate Nigeria to our watchlist, these stocks are with double potentials.

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/2019/07/value-investing-strategies-for-picking-stocks-in-a-down-market/

NGSE Turns Negative Again, Awaits Fiscal Stimulant For Economic Growth

Market Update for July 1
Trading for the month of July started out on the Nigerian Stock Exchange Monday negative and volatile, reversing the previous day’s positive sentiment on low traded volume. It was a return to the old ways, as cautious trading resurfaced after the end of quarter window dressing by players ahead of the half-year earnings reporting season.

The increasing number of companies notifying the exchange of their closed period in view of their board meetings to avoid insiders from taking advantage of any privileged information. This also signals that the quarterly scorecards of these companies are underway. The performance of these companies are factors that could change the current downtrend. But this can happen if only the numbers beat market expectation to trigger the all expected rally in a mixed economy. But, it may be a tall order generally, however, given the numbers released by companies that released their score-cards on Monday.

It is however expedient at this time for the Federal Government deliberately stimulate economic growth and thereby avoid another recession under this All Progressives Congress (APC) administration by doing the needful. This government must not allow party or political intrigues cloud its vision of delivering the dividend of democracy promised to Nigerians.

Meanwhile, trading on the first day of the week and month started on the downside in the morning session and was sustained into the afternoon as highly capitalized stocks suffered losses forcing the index to touch intraday low of 29,598.82 basis points from 29,966.88bps. It thereafter retracted up slightly to finish the session at 29,614.61bps, a situation that wiped away gains recorded in the last two days of June.

Monday’s market technicals were negative and mixed as volume traded was lower than previous day’s, despite the positive market breadth and high selling pressure as revealed by Investdata’s Daily Sentiment Report. The day’s ‘sell’ position was 94% and ‘buy’ volume 6% of the total daily transaction volume index of 0.24.
The energy behind the day’s performance was seriously weak as Money Flow Index ranged along the new three-year low of 4.86 points, from previous day’s 4.79bps. This is an indication that funds are not entering the market as reflected in the volume traded and other market data that revealed the prevailing low liquidity.

Index and Market Cap
NSE All-Share Index at the end of Monday’s trading lost 352.26bps, closing at 29,614.61bps, after opening at 29.966.83bps, representing a 1.18% drop, just as market capitalization was down by N155.15bn to close at N13.05tr, from its opening value of N13.21tr, which also represented 1.18% value loss.

Attention: If you haven’t signed up for Investdata buy and sell signal setup, don’t delay. We have just added another risk management feature and new favorite stocks of the most revered traders and investors in corporate Nigeria to our watchlist, these stocks are with double potentials. To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. Take advantage of this service to buy right and sell right during this portfolio reshuffling and repositioning ahead of Q2 numbers and fiscal stimulus.

The day’s downturn was driven by selloffs and profit taking in high cap stocks like Dangote Cement, Guaranty Trust Bank, Zenith Bank, NB, Unilever, International Brewery, Dangote Flour, UACN, FCMB, Honeywell (READ MORE) and Transcorp, which had a negative impact on the Year-to-Date loss position, increasing it to 5.78%. Market capitalisation gain also dropped to N1.33tr or 11.34%, from the year’s opening level of N11.72tr.

Mixed Sector Indices
The sectoral performance indices for the day were largely bearish, except for NSE Oil/Gas and Insurance that closed higher at 0.47% and 0.41% respectively. The NSE Banking index led the decliners, after losing 3.05%, followed by consumer goods with 1.75% and next was industrial goods with 0.17%.

Market breadth was positive as advancers outweighed decliners in the ratio of 21:16, while market activities were down in volume and value traded by 56.74% and 78.94% respectively. Investors traded107.44m shares worth N1.14bn as against the previous day’s 248.36m units valued at N5.40bn.This volume was driven by transactions in financial services and conglomerates stocks like Transcorp, FBNH, Zenith Bank, Access Bank, and Guaranty Trust Bank.

The best-performing stocks for the session were Cornerstone Insurance and NPF Microfinance, after topping the advancers’ table, with gains of 10% and 8.57% respectively to close at N0.22 and N1.14 per share, on market forces and sentiment respectively. On the flip side, Redstar Express and Transcorp lost 10% and 9.73% respectively to close at N4.95 and N1.02 each, on market forces, despite the 43 kobo dividend announced and low price attraction of the conglomerates respectively.

Market Outlook
Despite the Monday’s down market, we expect bargain hunters and traders to take advantage of the quarterly reporting season that will kick off any moment in this month of July. While discerning investors should target value stocks considering the low valuation to position for dividend income from the just concluded March year-end account, ahead of interim dividend from the half-year financials.

They may also take into consideration the expected economic reforms as government announces its much-awaited new cabinet, just as Central Bank of Nigeria (CBN) had rollout it plans to boost productivity and investment by lending to the private sector. As it tends to reduce banks’ participation in government securities.
There is also the likely impact of portfolio repositioning for the second half of the year in the midst of expected Q2 numbers, especially banking stocks.

https://investdata.com.ng/2019/07/ngse-turns-negative-again-awaits-fiscal-stimulant-for-economic-growth/#more

Investdata Daily Sentiment Report July 3rd, 2019

NSEASI buy 0% MFI 4.88
Access buy 0% MFI 61.05
Afrprud buy 0% MFI 76.67
Ccnn buy � volume index 6.90 MFI 82.13
Chams buy 0% MFI 30.06
Dangcem buy 0% MFI 13.97
Dangflour buy � volume index 1.19 MFI 75.60
Eti buy � volume index 1.80 MFI 75.62
Fbnh buy 20% sell 80% volume index 1.42 MFI 21.20
Fidelity buy 20% sell 80% volume index 0.83 MFI 65.10
Fmn buy � MFI 42.94
GT buy 0% volume index 0.82 MFI 75.29
Honyflour buy 50% sell 50% volume index 2.82 MFI 37.41
Learn buy � volume index 5.92 MFI 100.00
Lvstk buy 67% sell 33% volume index 4.42 MFI 9.83
Mobil buy � volume index 1.26 MFI 53.04
Oando buy 0% MFI 53.12
Sterling buy � volume index 1.27 MFI 68.38
Transcorp buy � volume index 1.20 MFI 29.03
Uba buy 67% sell 33% volume index 1.19 MFI 33.64
Ucap buy 0% MFI 48.61
Wapco buy 0% volume index 3.97 MFI 84.49
Wema buy 0% MFI 51.39
Zenith buy 0% MFI 41.21