The Profit Point by OGTV as of 3rd June, 2021

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I just posted The Profit Point by OGTV as of 03/06/2021.

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Ambrose Omordion

Sentiment Report for June 3, 2021

NGX buy 98% sell 2% volume index 0.97 MFI 34.45
Abc buy � volume index 2.32 MFI 45.27
Access buy � MFI 31.37
Cadbury buy � volume index 5.58 MFI 16.24
Chiplc buy � volume index 2.84 MFI 96.16
Eti buy 0% volume index 1.12 MFI 50.65
Fbnh buy 0% MFI 70.79
Fcmb buy 59% sell 41% volume index 4.98 MFI 60.28
Fidelity buy � volume index 0.88 MFI 28.10
Ftn buy 0% MFI 12.05
Glaxo buy 0% volume index 1.72 MFI 9.74
GT buy 0% MFI 20.86
Jaiz buy � MFI 26.73
Jagold buy � volume index 2.17 MFI 33.52
Lasaco buy � volume index 3.37 MFI 5.79
Mben buy � MFI 53.53
Nem buy 0% MFI 92.13
Regalins buy � volume index 1.74 MFI 84.69
Royalex buy � volume index 2.92 MFI 54.46
Sovrenins buy 33% sell 67% volume index 4.43 MFI 43.50
Stanbic buy 10% sell 90% volume index 4.67 MFI 23.17
Sterling buy � volume index 2.30 MFI 67.11
Transcorp buy � MFI 53.55
Uba buy 0% MFI 34.69
Ucap buy � volume index 1.05 MFI 30.43
Veritas buy 50% sell 50% volume index 1.99 MFI 100.00
Wapco buy � volume index 1.33 MFI 41.92
Wapic buy � MFI 65.13
Wema buy 50% sell 50% MFI 36.65
Zenith buy � volume index 1.26 MFI 54.94

Investdata Daily Sentiment Report

Expect Mixed Trend, Slowdown In Profit Taking, Amid Positive Earnings, Falling Prices


Market Update for June 3

Trading activities on the Nigerian Exchange on Thursday held its strong support level, as the composite All-Share index extended its bull transition for the second consecutive sessions on a high traded volume and breadth that favored the bulls. This followed the buying interests in blue-chips like MTNN, Zenith Bank, Lafarge Africa, Nigerian Breweries, Flour Mills, and United Capital, among others.

The benchmark index’s action sustained it seeming recovery as momentum gradually returns to the market on strong buying sentiments which made it trade above its 14-Day Moving Average, heading to 20-DMA, just as Money Flow Index is looking up at 34.44 points. It is also important to note that MACD is set to cross its bullish signal line.

With trading turning positive so early in the month of June, with renewed buying interests ahead of economic data, qualification and mark down dates, especially the March financial year-end accounts expected to hit the market any moment from now. It is important to note at this point that should the bull successfully push the market above its May 19, 2021 position (38,446.09 basis points), it is an indication that the uptrend will continue.

Technically, in a recovery market, when new resistance becomes support such as the trend is revealing, the best trading strategy is to target very low returns from every position. Traders must, therefore, focus on value areas, using technical tools to identify resistance and support levels of any position taking at this point.

Investors should target fundamentally sound stocks with prospect to maintain an uptrend in their earnings. Specifically, investors should target companies with earnings growth, quality and value that can match Investdata’s Earnings Gauges.

It is interesting to note that sector rotation has continued ahead of the half-year earnings season, as sectors and companies benefiting from the inflationary pressure and rising yields may likely post better-than-expected numbers. The trading pattern in the Treasury Bills and bond market were mixed and flat, with average TB yield in the secondary market staying at 6.10% while the last auction rate was 9.56%, with average yield of FGN bonds declining marginally to 12.22% in the secondary market. Meanwhile, events continue to unfold in the economy with expectations that there would be positive policy or statement from the government capable of turning things around for good.

On this note, investors should change their perception and trading strategies to stay ahead of the market, thereby ensuring that you are among the few who make money from equities’ trading, which is possible through regular learning of technical analysis and candlestick pattern. This is the advantage Investdata’s Comprehensive Stock Market trading videos and literature provide, covering fundamental and technical analyses that help you make effective and profitable trades.

Thursday’s trading started slightly on the upside and oscillated on positioning and profit taking that pushed the NGX index to an intraday high of 38,551.06bps, from its lows of 38,438.16bps, before closing slightly above its opening point at 38,548.24bps.

Market technicals were positive and strong as volume traded was higher than previous day’s in the midst of positive breadth and strong buying pressure as revealed by Investdata’s Sentiments Report showing 98% ‘buy’ volume and 2% sell position. Total transaction volume index stood at 0.97 points, just as the momentum behind the day’s performance was relatively weak, even as Money Flow Index looked up to 34.44pts, from the previous day’s 33.89pts, indicating that funds entered the market.

Index and Market Caps

At the end of Thursday trading, the NGX All Share index gained 65.72bps, closing at 38,548.24bps from an opening figure of 38,482.52bps, representing a 0.17% growth, just as market capitalization rose by N34.25bn, closing at N20.09tr from the opening value of N20.06tr, representing a 0.17% value gain.

Attention: If you have not signed up for INVESTDATA buy and sell signal setup, don’t delay. We have just reduced to 8 STOCKS TO WATCH THAT ARE BUILDING NEW BULLISH BASE in our watchlist. These stocks are with double potentials to rally considering their current and oscillating mood of the market value.

To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. Take advantage of this service to buy right and sell right at the current oscillating market in the midst of earnings season, portfolio reshuffling and repositioning as we await an economic reform policy to stimulate and re-track the economy again.

Thursday’s uptrend resulted from buying interests in NGX-30 stocks, among others, a situation that mildly impacted on Year-To-Date loss, reducing it to 4.27%, while the drop in market capitalization YTD stood at N964.48bn, representing a 4.57% drop below its opening value for the year.

Bullish Sector Indices

Performance indexes across sectors were up, except for the NGX Banking that closed 0.5% lower, while the NGX Consumer Goods led the advancers after gaining 0.23% followed by Insurance, Oil/Gas and Industrial goods thatwere up by 0.06%, 0.05% and 0.03% respectively.

Market breadth turned positive, as gainers outnumbered losers in the ratio of 19:15; while activities in volume and value terms were up, as players traded 249.69m shares worth N1.89bn, from the previous day’s 156.91m units valued at N1.33bn. Volume was driven by trades in Sovereign Trust Insurance, Zenith Bank, FCMB, Mansard and Fidelity Bank

University Press and Berger Paints were the best performing stocks, gaining 10% and 9.84%, while closing at N1.54 and N6.70 per share respectively on full-year earnings expectation and market forces. On the flipside, Computer Warehouse Group and Union Bank of Nigeria lost 9.63% and 6.72% respectively, closing at N1.09 and N5.55 per share, on selloffs.

Market Outlook

We expect a mixed trend and slowdown in profit taking in the midst of positive earnings and falling prices in the face of the global economic and market recovery across and the high yields in the fixed income market. We also expect the ongoing vaccination to support global and domestic economic recovery that will support the market and give direction.

The banking sector and others remain attractive on the back of the prevailing low prices, despite the Q1 mixed numbers.

Also, the market just started a new downtrend as it trades below the 14 and 20-Day Moving Average. Note that the market may discount the political and insecurity challenges headlines, ahead of half-year earnings reports.

However, the pullbacks offer bargain hunters and income investors fresh opportunities to reposition in high dividend yields and undervalued stocks, while looking out for quarterly numbers that would support recovery. This is based on the fact that the rising fixed income yields may not be enough to scare all investors away from the equity market.

Again, the way to go is: Target dividend-paying stocks and fundamentally sound companies with growth prospects in 2021, looking the way of mispriced equities. This is especially given the rising oil prices that have so far supported the economy and equity market, despite the seeming improvement in the fixed income yield which had remained at negative real rate of return due to the subsisting high inflation.

However, the strong and faster recovery may continue, depending on market forces, going forward, as propelled by Q1 earnings reports and expected march full year audited accounts.

The NGX’s index action and indicators are heading in the same direction on a low traded volume and mixed sentiments in the midst of rising yield in bond and TB.

Also, the current undervalued state of the market offers investors opportunities to position for the short, medium and long-term, which is why investors should target fundamentally sound, and dividend-paying stocks for possible capital appreciation in the new year.

Meanwhile, the home study packs on Comprehensive Stock Mark Trading videos, INVEST 2021 New Opportunities & New Paths To Profits Summit materials and 10 Golden Stocks for 2021, Strategies and How to invest profitably in this Changing Market Dynamics/ Recession, Mastering Earnings Season For Profitable Investing and Trading in any market situation/ cycles, Life Beyond COVID 19 Investment Opportunities In The Stock Market are now available. To obtain your pack send ‘Yes’ or ‘Stock’ to 08028164085, 08179547605, 08111811223 now.

Ambrose Omordion

CRO|Investdata Consulting Ltd
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467
https://investdata.com.ng/expect-mixed-trend-slowdown-in-profit-taking-amid-positive-earnings-falling-prices/

Questions and Answers with Ambrose Omordion as at June 5, 2021

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I just posted Questions and Answers with Ambrose Omordion as of 05/06/2021.

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Ambrose Omordion

Amidst Mixed Outlook On NGX, Time To Diversify Portfolios, Protect Capital


Market Update for the Week Ended June 4 and Outlook for June 7-11

Trading activities on the Nigerian bourse last week witnessed improved buying interests among blue-chip stocks that pushed the composite NGX All-Share Index into positive territory on increased traded volume despite relatively low and flat market breadth.

The positive sentiment returning to the market after a long drawn correction and pullbacks are signs of likely reversal as revealed by the daily and weekly candlesticks in the first trading week of June, even as the buy volume for the period shows that buyers are taking over the market against sellers. Other momentum indicators are becoming bullish, just as money flow index is looking up and showing the movement of smart money as they reposition ahead of corporate actions, economic data, end of the quarter window dressing, Q2 earnings reporting season, and the recovery in oil prices to $71 at the international market, besides the rise in fixed income yields at a time of heightening security challenges in the country.

The recent rally or recovery noticed on the exchange has started to close the divergence between earnings and equity prices, as observed in the previous month after quarterly corporate earnings reports were announced in April.

Discerning investors who took advantage of the market pullbacks and correction in May to position in undervalued stocks with low Price-to-Earnings Ratio are already in profit, while others are waiting to confirm a breakout of the 39,000 basis points mark, or test the level and pullback to strengthen the market’s recovery mode. Already, market players are placing safe bets on Q2 numbers in the midst of the increasing insecurity challenges and rising yields.

Following the weekly chart, the NGXASI index action shows a reversal and positive picture going into the month, as the market is set to rally and experience mixed trend on profit booking, among other factors. We expect that the March year-end audited results and half-year interim dividend/earnings season will support market fundamentals.

Usually, as prices move away from the bottom, a sharp recovery may take place initially after the bottom completes. The rebound recorded last week or initial upward price trend often represents some of the strongest upward momentum after bearish trend.

Movement Of NSEASI

This week, buy interests dominated trading as the NGX ASI recorded four sessions of upmarket and one down, due to positive sentiments extending from the previous week as the composite index opened with 0.50% up, before going south on Tuesday, when it lost 0.06%, only to rebound by the midweek when it gained 0.20%. This was sustained on Thursday and Friday when the market recorded 0.20% and 0.50% growth respectively, bringing the week’s total gains to 1.23%, a significant rebound, compared to against previous week’s 0.18% slide.

Specifically, the key performance index gained 469.15 basis points, rising from the 38,256.96bps opening level, after touching an intra-week high of 38,726.10bps where it closed for the week, compared to the low of 38,256.21bps, on buy interests in bellwethers and medium cap stocks. During the period also, market capitalization rose by N245bn, closing at N20.19tr, compared to the previous week’s N19.94tr, which also represented a 1.23% appreciation in value.

Just as usual, the week’s advancers table was dominated by kobo stocks and medium cap equities, as repositioning continued ahead of Q2 earnings expectations. Also, trading and price actions revealed the presence of buyers in three sectors that supported the recovery.

The week recorded a flat breadth with advancers equal to decliners in the ratio of 33:33 on 100% buying sentiment and relatively strong momentum, as Money Flow Index looked up to read 40.65bps, from the previous week’s 33.40 points.

NSEASI WEEKLY CHART MOVEMENT

The NGX index action, after forming a systematical triangle-chart pattern, rebounded on improved buying volume that supports an uptrend, depending on market forces during the new week. The bullish candle signals reversal on a weekly time frame, while the daily chart is already trending up in the midst of the buying sentiments and positive breadth, amidst the ongoing portfolio repositioning on the strength of expected economic data and Q2 financials expected at the end of this quarter.

The strong resistance level to watch out for on the NGX is within the 38,814bps and 39,000bps, and a breakout of these levels will attract new positioning by traders and support uptrend. This is happening at a time crude oil has crossed the $71 per barrel level at the international market, as more economies reopen to business activities while the Covid-19 vaccination is on a high gear at the global and domestic levels. There is also the impact of positive economic data from the U.S and China that would support oil prices.

Mixed Sectoral Indices

Performance indexes across the sectors were mixed, with the NGX Industrial goods, Insurance and Banking closing 2.60%, 1.25%, and 0.04% higher respectively, while the NGX Energy led the decliners, shedding 0.79%, followed by Consumer Goods that closed lower by 0.37%.

The general market’s outlook remains mixed in the short and long-term, following which investors should take short and medium-term positions while diversifying their portfolios along long-term trades to protect capital. This, they should do, by considering sectors with high upside potentials on the strength of earnings and policy influence.

Activities in volume and value terms were marginally up as stockbrokers traded 1.08bn shares worth N9.55bn, compared to the previous week’s 1.04bn units valued at N9.47bn. Volume was driven by trades in Financial Services, Oil/Gas, and Conglomerates sectors, particularly Sovereign Trust Insurance, Zenith Bank, Veritas Kapital Assurance, Mutual Benefits, and Transcorp.

The best-performing stocks during the week were University Press and Morison Industries which chalked 43.59% and 20.21% respectively, closing at N1.68 and N1.13 each on full-year earnings expectation and market forces. On the other hand, CWG and Royal Exchange lost 26.09% and 11.11% respectively, at N1.53and N0.72per share, on selloffs and profit bookings.

Market Outlook

We expect mixed performance on profit-taking and portfolio readjustment on the recent rally, as all eyes are on economic data and Q2 corporate earnings, in the face of rising fixed income market yields. Also, any breakout at this point offers new entry opportunities for traders and investors to reposition in value and underpriced growth stocks, while companies with March year-end accounts release their audited full-year numbers to support recovery. This is based on the fact that the rise in fixed income yields may not be enough to scare all investors away from the equity market.

Again, the way to go is: Target dividend-paying stocks and fundamentally sound companies with growth prospects in 2021, looking the way of mispriced equities ahead of interim dividend announcement. This is especially given that despite the seeming improvements, fixed income yield continues to offer a negative real rate of return due to the galloping inflation.

However, the strong and faster recovery may continue, depending on market forces, going forward, as propelled by expected Q2 earnings reports, until the next MPC meeting in July.

https://investdata.com.ng/amidst-mixed-outlook-on-ngx-time-to-diversify-portfolios-protect-capital/

BUY AND SELL SIGNAL

Hello Investors,

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

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20 Stocks building new bullish base

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

QUOTE OF THE DAY

Sentiment Report for June 7, 2021

NGX buy 35% sell 65% volume index 0.83 MFI 51.10
Access buy � MFI 38.03
Afrprud buy � volume index 1.16 MFI 26.77
Aiico buy � volume index 2.85 MFI 13.08
Chams buy 0% volume index 3.84 MFI 32.55
Chiplc buy � volume index 2.77 MFI 79.38
Cutix buy � volume index 2.51 MFI 68.22
Eti buy 0% volume index 1.45 MFI 48.51
Fbnh buy � volume index 0.71 MFI 67.17
Fcmb buy � volume index 0.85 MFI 76.98
Fidelity buy 50% sell 50% MFI 29.01
GT buy 0% MFI 22.42
Jagold buy 0% volume index 2.19 MFI 36.48
Learn buy 0% volume index 4.62 MFI 47.15
Lvstk buy 0% MFI 65.55
Mansard buy 25% sell 75% volume index 1.07 MFI 69.85
Regalins buy � volume index 2.06 MFI 50.09
Royalex buy � volume index 1.15 MFI 45.73
Sovrenins buy 50% sell 50% volume index 1.00 MFI 45.67
Sterling buy � volume index 1.53 MFI 59.86
Transcorp buy 0% MFI 52.38
Uacp buy � MFI 33.83
Uba buy 0% volume index 0.97 MFI 27.36
Ubn buy 0% MFI 1.49
Unilever buy � volume index 2.81 MFI 14.50
Vitafoam buy � volume index 1.29 MFI 74.53
Wapco buy 17% sell 83% volume index 1.02 MFI 50.39
Wapic buy � volume index 4.48 MFI 35.79
Wema buy 0% volume index 1.55 MFI 36.05
Zenith buy 0% volume index 0.75 MFI 40.87

Investdata Daily Sentiment Report

Mixed Trend, Amid Profit-Taking, Positioning Ahead Of Positive News, Economic Data


Market Update for June 7

Trading on the Nigerian Stock Exchange (NSE) on Monday had a mixed and volatile session, closing marginally lower on the back of zero positive news that is capable of boosting the market, following which stocks gave back a small portion of last Friday’s gains on an above average traded volume and negative breadth.

The profit booking or selloffs witnessed on the first trading session of the week, could also be attributed to the impact of FGN saving bonds opening at higher coupon rates or yields as government continued to borrow at higher cost to finance its projects. Subsequently, the one and two-year tenor rates stood at 8.89% and 9.8% respectively.

The mixed sentiments witnessed on Monday were due to profit taking in blue chip stocks and low priced equities that rallied recently, as the market retraced up. Despite the mixed sentiment, however, the NGX index action still closed above its 14 and 20-Day Moving Average, just as Money Flow Index is looking up at 51.10 points. It is also important to note that MACD remains bullish after crossing the signal line.

Also on Monday, share prices of BOC Gases, Skyway Aviation and NEM Insurance were adjusted for dividends recommended by their directors and approved by shareholders.

With the way the horizon is tilting, investors should change their perception and trading strategies as part of measures to stay ahead of the market, thereby ensuring that you are among the few who make money from equities’ trading. This is possible through regular learning of technical analysis and candlestick patterns, an advantage offered by Investdata’s Comprehensive Stock Market trading videos and literature provide, covering fundamental and technical analyses that help you make effective and profitable trades.

Meanwhile, Monday’s trading opened slightly on the downside and oscillated for the rest of the day on profit taking and positioning pushed the benchmark index to an intraday low of 38,669.01bps, from its highs of 38,726.10bps, and thereafter closed slightly below its opening level at 38,688.98bps.

Market technicals were weak and mixed as volume traded was higher than previous day’s in the midst of breadth favoring bears on selling sentiment as revealed by Investdata’s Sentiments Report showing 35% ‘buy’ volume and 65% sell position. Total transaction volume index stood at 0.83 points, just as the momentum behind the day’s performance was relatively weak, even as Money Flow Index looked up to 51.10pts, from the previous day’s 43.63pts, indicating that funds entered the market, despite closing lower.

Index and Market Caps

The NGX All Share index, at the end of Monday’s session, shed 37.12bps, closing at 38,688.98bps from an opening figure of 38,726.10bps, representing a 0.10% drop, just as market capitalization fell by N20.69bn, closing at N20.16tr from the opening value of N20.18tr, representing a 0.10% value loss.

Attention: If you have not signed up for INVESTDATA buy and sell signal setup, don’t delay. We have just reduced to 8 STOCKS TO WATCH THAT ARE BUILDING NEW BULLISH BASE in our watchlist. These stocks are with double potentials to rally considering their current and oscillating mood of the market value.

To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. Take advantage of this service to buy right and sell right at the current oscillating market in the midst of earnings season, portfolio reshuffling and repositioning as we await an economic reform policy to stimulate and re-track the economy again.

The session’s downturn was due to selloffs in Guaranty Trust Bank, Zenith Bank, Unilever, UBA, UBN, FCMB, Ucap, Lafarge Africa, Oando and GSK, among others, a situation that mildly impacted Year-To-Date loss, increasing it to 3.93%, while market capitalization YTD stood at N864.48bn, representing a 4.39% drop below its opening value for the year.

Bearish Sector Indices

Performance indexes across sectors were down, except for the NGX Oil/Gas that closed 0.31% higher, while the NGX Insurance led the decliners afterlosing 1.30% followed by Banking, Consumer and Industrial goods that were down by 0.86%, 0.09% and 0.07% respectively.

Market breadth turned negative, as decliners outnumbered advancers in the ratio of 28:13; while transactions in volume and value terms were mixed, as investors exchanged 210.75m shares worth N1.5bn. The day’s volume was driven by trades in FBNH, Coronation Insurance, Chams, Zenith Bank and Japaul Gold.

Morison Industry and Conoil were the best performing stocks, gaining 9.73% and 9.63%, while closing at N1.24 and N20.50 per share respectively on market forces and 2020 dividend of N1.50. On the flipside, Juli Pharms and Computer Warehouse Group lost 9.93% and 9.80% respectively, closing at N1.36 and N1.38 per share, on selloffs.

Market Outlook

We expect a mixed trend as profit taking and positioning continue in expectation of positive news, economic data and others in the midst of oscillating oil price and global economic and stock market recovery across climates, as high yields in the fixed income market depress equity market. We also expect the ongoing vaccination to support global and domestic economic recovery that will support the market and give direction.

The banking sector and others remain attractive on the back of the prevailing low prices, despite the Q1 mixed numbers.

Again, the way to go is: Target dividend-paying stocks and fundamentally sound companies with growth prospects in 2021, looking the way of mispriced equities ahead of interim dividend announcement. This is especially given that despite the seeming improvements, fixed income yield continues to offer negative real rate of return due to the galloping inflation.

However, the strong and faster recovery may continue, depending on market forces, going forward, as propelled by expected Q2 earnings reports, until the next MPC meeting in July.

https://investdata.com.ng/mixed-trend-amid-profit-taking-positioning-ahead-of-positive-news-economic-data/

WORDS TO TRADE BY

"The goal isn’t more money. The goal is living life on your terms."

―Chris Brogan

The end goal of trading isn't about making money. It's all about realizing your financial dreams so you can live life on your terms. When you work for someone else, you're helping them build their dreams.

Starting a trading business puts you on the path of working for your own future.
It may not seem like a big deal at first, but it’s the first step in starting a new way of life. Make smart trades and live life on your terms!

Sentiment Report for June 8, 2021

NGX buy � volume index 0.86 MFI 57.59
Access buy 0% MFI 31.91
Afrprud buy � volume index 2.28 MFI 20.28
Aiico buy 0% volume index 1.68 MFI 26.70
Corner buy � volume index 2.56 MFI 87.14
Courtville buy 0% volume index 5.49 MFI 8.45
Eti buy 0% volume index 1.64 MFI 45.01
Fbnh buy � MFI 69.92
Fcmb buy � MFI 74.32
Fidelity buy 0% volume index 2.12 MFI 26.02
Fmn buy � volume index 0.81 MFI 55.16
Ftn buy 0% volume index 0.74 MFI 30.50
GT buy � volume index 0.98 MFI 21.03
Honyflour buy 80% sell 20% volume index 2.65 MFI 37.79
Jagold buy 0% MFI 32.00
Mansard buy 0% volume index 3.14 MFI 48.28
Oando buy 0% volume index 2.94 MFI 54.24
Okomu buy � volume index 2.34 MFI 100.00
Pz buy � volume index 4.17 MFI 69.59
Regalins buy 0% volume index 1.58 MFI 42.46
Royalex buy 57% sell 43% volume index 1.97 MFI 46.49
Sterling buy � volume index 1.27 MFI 59.96
Transcorp buy 0% MFI 48.66
Uba buy 0% MFI 29.70
Ucap buy 0% MFI 27.97
Unilever buy � volume index 3.90 MFI 35.91
Vitafoam buy � volume index 1.35 MFI 76.66
Wapco buy 0% volume index 0.76 MFI 38.22
Wapic buy � volume index 2.01 MFI 34.13
Wema buy 0% volume index 1.53 MFI 30.33
Zenith buy 0% volume index 0.74 MFI 39.52

Investdata Daily Sentiment Report

A Process of Seed-Sowing

Ambrose Here,

Success doesn’t come with ease. As a matter of fact, the darkest lie you may have been told is that you will reap in abundance when you have sowed nothing. It is a big lie!” - Israelmore Ayivor,

Go into the fields and country lanes in the springtime and you will see farmers and gardeners are busy
sowing seeds in the newly prepared soil.

There is a process of seed-sowing in the mind. Life is spiritual sowing
which leads to a harvest according to the kind of seed sown. Your actions
are seeds sown and by the natural law of things, they produce after their kind.

The question now is, what type of seed have you been sowing in your
field of Investment and trading? Simply put, how often do you invest in yourself to understand the dynamics of how the market works considering the fact that you cannot reap what you did not sow.

As a result, I will be launching the Q3 MasterClass and if you missed the Q2 Masterclass then here is another opportunity to sow seed like the farmer and reap in folds nature will multiply it for you.

So, watch out for my subsequent posts where I will be announcing the launch.

Dedicated to Your Q3 Investment,
Ambrose Omordion

NGX Index Rebounds, Awaits Positive News, Amid Mixed Trend, Repositioning


Market Update for June 8

Nigeria’s equity market continued its volatility on Tuesday after the benchmark NGX All-Share Index closed higher, reversing previous day’s loss on the back of buying interests in highly priced and medium cap stocks, in the midst of rising yields and expected May inflation reports from the National Bureau of Statistics (NBS).

Sector rotation continued ahead of the earnings reporting season on the Exchange, with investors targeting consumer goods stocks with high elasticity of demand, a factor likely to boost numbers from these companies, especially those with March and May year-end accounts, and ahead of the half-year earnings reports.

The market continued its recovery from the May pullbacks and corrections, as Tuesday’s NGX index action rebound was on an above traded volume, high buying pressure and a slightly negative breadth. The market’s low Price-to-Earnings Ratio remains a major attraction, just as many companies are likely to sustain this uptrend in earnings performance.

Market participants are also waiting to confirm a breakout of the 39,000 basis points mark, or test the level and pullback to strengthen the market’s recovery mode. Already, there are tell-tale signs that smart money is taking positions ahead of Q2 numbers in the midst of the increasing insecurity challenges and rising yields, as revealed by volume and money flow index.

Following the daily and weekly chart, the NGXASI index’s action shows a reversal and positive picture going into the month, as the market is set to rally and experience a mixed trend on profit-booking, among other factors. We expect full-year and interim dividend announcements to support market fundamentals and attract more funds to the market.

Tuesday’s trading started on the downside in the morning and oscillated till midday before rebounding by the late afternoon on position taking in blue-chip stocks, among others, a situation that pushed the composite index to an intraday high of 38,881.70bps, where it closed from its lows of 38,661.47bps.

Market technicals were positive and mixed with higher volume traded than previous day’s in the midst of negative breadth and high buying pressure, as revealed by Investdata’s Sentiments Report showing 100% ‘buy’ volume. Total transaction volume index stood at 0.86 points, just as the impetus behind the day’s performance was relatively strong, as Money Flow Index read 57.59.pts, from the previous day’s 51.10pts, indicating that funds entered the market.

Index and Market Caps

At the end of Tuesday’s trading, the benchmark NGXASI gained a strong 192.72bps, closing at 38,881.70bps from an opening figure of 38,688.98bps, representing a 0.50% growth, just as market capitalization rose by N101.8bn, closing at N20.27tr, compared to its opening value of N20.16tr, also representing a 0.50% appreciation in value.

Attention: If you have not signed up for INVESTDATA buy and sell signal setup, don’t delay. We have just reduced to 8 STOCKS TO WATCH THAT ARE BUILDING NEW BULLISH BASE in our watchlist. These stocks are with double potentials to rally considering their current and oscillating mood of the market value.

To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. Take advantage of this service to buy right and sell right at the current oscillating market in the midst of earnings season, portfolio reshuffling and repositioning as we await an economic reform policy to stimulate and re-track the economy again.

The day’s upturn was driven by buying interests in Dangote Cement, Okomu Oil Palm, Unilever Nigeria, Flour Mills, Vitafoam, PZ Cussons, Dangote Sugar, and Guaranty Trust Bank, among others. This impacted positively on Year-To-Date loss, reducing it to 3.45%, while the drop in market capitalization YTD reduced to N790.69bn, representing a 3.74% drop below its opening value for the year.

Mixed Sector Indices

Performance indexes across sectors were mixed, with the NGX Insurance and Banking closing lower by 1.03% and 0.05% respectively, while the NGX Industrial goods led the advancers after gaining 1.07% followed by Consumer and Energy that were up by 0.57% and 0.08% respectively.

Market breadth, however, remained negative, as decliners outnumbered advancers in the ratio of 17:15; while activities in volume and value terms rose, after stockbrokers traded 218.51m share worth N1.59bn, compared to the previous day’s 210.75m units valued at N1.5bn. Volume was driven by trades in Courtville Business Solution, Fidelity Bank, and AXA Mansard Insurance.

Okomu Oil and Learn Africa were the best performing stocks, gaining 10% and 9%, closing at N106.15 and N1.09 per share respectively on market forces and earnings expectation. On the flipside, Computer Warehouse Group and Regency Insurance lost 9.42% and 8.16% respectively, closing at N1.28 and N1.38 per share, on selloffs.

Market Outlook

We expect a mixed trend as profit taking and positioning continue in expectation of positive news, economic data and others in the midst of oscillating oil price and global economic and stock market recovery across climates, as high yields in the fixed income market depress equity market. We also expect the ongoing vaccination to support global and domestic economic recovery that will support the market and give direction.

The banking sector and others remain attractive on the back of the prevailing low prices, despite the Q1 mixed numbers.

The World Bank Group, on Tuesday, released its June 2021 Global Economic Prospects, showing that the global economy could expand as much as 5.6% this year, while Nigeria’s GDP could grow at a modest 1.8% rate in 2021, and then 2.1% next year. This is however dependent on certain internal and external conditions the report listed (READ MORE)

Again, the way to go is: Target dividend-paying stocks and fundamentally sound companies with growth prospects in 2021, looking the way of mispriced equities ahead of interim dividend announcement. This is especially given that despite the seeming improvements, fixed income yield continues to offer negative real rate of return due to the galloping inflation.

However, the strong and faster recovery may continue, depending on market forces, going forward, as propelled by expected Q2 earnings reports, until the next MPC meeting in July.

INVESTDATA 2021Q3 MASTERCLASS

Theme: Road Map For Improved Trading Results&Enhanced Confidence

Sub-Topics

Building Wealth with Diversified Portfolios In Amidst Economic Recovery, Stagflation Alhaji KurfiGarba MD/CEO Apt Securities & Funds Ltd
Combining Technical Indicators & Tools With Higher Time Frame To Initiate, Manage Trades Mr Abdul-Rasheed OshomaMomoh, Head Capital Market at Trw Stockbrokers Ltd
Volume Factors That Give Profitable Signals in Any Market Phase, or Cycle, Mr Ambrose Omordion, Chief Research Officer, Investdata Consulting Ltd
Based on the changing market dynamics and trading environment, Investdata Master class will show you how to effectively combine fundamental and technical tools to read and analyses simultaneously for a true insight into market actions and direction.

This Master Class will cover

Selecting portfolios that beat inflation in a recovery economy
How to read the higher and trading time frame bars for a true trading edge.
Knowing the factor that fuel stock market trading and how its impact your portfolio.
Entry and exit technique that get you in and out at good prices and add to your bottom line.
Improve your chances of entering wining trades, using volume factor and analysis to see what the market is doing more clearly and with a greater degree of confidence.
Trading the equity market on minutes and day charts can be challenging, because things or events happen so fast. Volatility occurs first on the daily time frame, often with little or no warning.

Momentum indicators like RSI, MACD and moving average are useful, but most times they give false signals, making many traders miss opportunities and solid trades. But for you to pinpoint a winning trade and where smart money is moving with more accuracy, you need volume analysis and sentiment reports.

Date: July 3, 2021

Time: 9am prompt

Venue: ZOOM.

Fee: N 50,000

However, with less than 28 days to the beginning of Q3 2021, you need a road map to navigate the quarter profitably with confidence. Don’t miss this opportunity as we countdown to July 3, 2021 for this Master Class.

During this practical session, our team of experts will reveal practical trade ideas and opportunities that you can apply or implement immediately in Q3 2021 to consolidate your gains, maximize returns and start tracking the result by yourself.

If it is your desire to be among smart investors and traders in Q3, send Yes to: the phone numbers below now.

Meanwhile, the home study packs on Comprehensive Stock Market trading course video, INVEST 2021 New Opportunities & New Paths To Profits Summit materials and 10 Golden Stocks for 2021, Strategies and How to invest profitably in this Changing Market Dynamics/ Recession, Mastering Earnings Season For Profitable Investing and Trading in any market situation/ cycles, Life Beyond COVID 19 Investment Opportunities In The Stock Market are now available. To obtain your pack send ‘Yes’ or ‘Stock’ to 08028164085, 08179547605, 08111811223 now.

Ambrose Omordion

CRO|Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com

ambroseconsultants@yahoo.com

Tel: 08028164085, 08179547605
https://investdata.com.ng/ngx-index-rebounds-awaits-positive-news-amid-mixed-trend-repositioning/

To all Nigerians
HAPPY DEMOCRACY DAY

WORDS TO TRADE BY

"Outperforming the market is a difficult task."

―John Templeton

While outperforming the average returns of the market isn't impossible, it is tough. Only a few very serious traders have ever pulled it off on a consistent basis.

That's why it's important to focus your efforts on matching the average return of whatever market you are trading in. The market has a mind of its own and can be unpredictable. So if you can reach its average return, you're doing fine.

Don't get greedy. Use your trading strategy to minimize your risk and maximize your returns on a regular basis. Remember, consistent profit is better than sporadic profit if you're thinking long-term!

Questions and Questions with Ambrose Omordion as at 12th June, 2021

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I just posted Questions and Answers with Ambrose Omordion as at 13/06/2021.

Don't forget to share with me what you think about the Video.

Also, Click on subscribe button so that you can be among the first to get the latest update.


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

Ambrose Omordion

Sentiment Report for weekend June 11, 2021

NGX buy 82% sell 18% MFI 47.99
Abc buy 0% MFI 45.81
Access buy 67% sell 33% MFI 39.98
Afrprud buy 89% sell 11% volume index 0.75 MFI 29.99
Aiico buy 0% MFI 63.83
Beta buy 0% MFI 30.83
Cap buy 0% MFI 69.68
Caverton buy 0% MFI 55.42
Chams buy � volume index 1.86 MFI 36.02
Chiplc buy 71% sell 29% volume index 2.36 MFI 72.67
Corner buy 0% MFI 48.83
Courtville buy 0% volume index 2.05 MFI 52.53
Cutix buy � volume index 1.12 MFI 59.43
Dangcem buy � MFI 71.30
Dangsugar buy � MFI 26.65
Eterna buy � MFI 88.21
Eti buy 80% sell 20% MFI 55.42
Fbnh buy 50% sell 50% MFI 60.69
Fcmb buy 84% sell 16% MFI 73.12
Fidelity buy 14% sell 86% volume index 1.08 MFI 29.89
Fmn buy 97% sell 3% MFI 45.31
Ftn buy 0% volume index 0.73 MFI 19.64
GT buy 71% sell 29% MFI 35.55
Honyflour buy 80% sell 20% volume index 1.62 MFI 47.69
Jaiz buy � MFI 24.47
Jagold buy 60% sell 40% MFI 47.79
Lasaco buy 0% MFI 56.20
Learn buy 9% sell 91% volume index 3.83 MFI 50.99
Linkass buy 20% sell 80% MFI 87.08
Lvstk buy � MFI 47.95
Mansard buy 71% sell 29% MFI 30.25
Maybaker buy 20% sell 80% MFI 46.13
Mben buy � MFI 59.10
Mtnn buy 0% MFI 83.96
Nahco buy � MFI 47.14
Nascon buy � volume index 2.65 MFI 28.95
Nem buy 0% volume index 1.56 MFI 50.22
Npf buy 91% sell 9% MFI 39.70
Oando buy 0% MFI 45.72
Okomu buy � volume index 2.39 MFI 55.03
Pz buy � volume index 1.06 MFI 79.39
Regalins buy � volume index 1.31 MFI 70.63
Royalex buy 9% sell 91% volume index 2.61 MFI 41.69
Seplat buy � volume index 0.75 MFI 84.40
Sovrenins buy 0% volume index 0.90 MFI 41.31
Stanbic buy 0% volume index 1.80 MFI 47.97
Sterling buy 71% sell 29% volume index 3.27 MFI 35.75
Transcorp buy � MFI 54.69
Uacp buy � MFI 46.23
Uacn buy 0% MFI 79.98
Uba buy 25% sell 75% MFI 35.06
Ubn buy � MFI 57.73
Ucap buy 95% sell 5% MFI 69.18
Unilever buy � volume index 1.56 MFI 31.55
Vitafoam buy � volume index 3.83 MFI 84.07
Wapco buy � volume index 0.80 MFI 43.47
Wapic buy 33% sell 67% volume index 1.74 MFI 49.47
Wema buy 0% MFI 20.65
Zenith buy 83% sell 17% volume index 0.76 MFI 44.09

Investdata Weekly Sentiment Report

Portfolio Realignments, Uptrend May Persist, Amid Economic Data, Earnings Expectations


Market Update for the Week Ended June 11 and Outlook for June 15-18

Nigeria’s equity market last week sustained an uptrend to consolidate the previous week’s positive outing on strong buying interests and momentum as analysts and traders expect inflation data for the month of May in the new week, while keeping an eye on the expected half-year earnings reporting season and interim dividend declarations.

Before then also, investors are eagerly awaiting audited financials from the few March, April and May full-year accounts expected to hit the market any moment soon, even as their quarterly scorecards released before now must have revealed the earnings power. This is despite the changing trade patterns and environment now fueling market volatility in the midst of rising yields in the fixed income segment6, inflationary pressure and insecurity.

In all of these, there are huge opportunities to make money or create more wealth by buying right and avoiding major pitfalls that could push you into losses, which is why it is so critical and important that you acquire the knowledge, tools and strategies needed to stay ahead of current market situation. There is no better place to learn and boost your confidence than attending Investdata Q3 master class for improved trading and investing results.

The NGX index action during the week under review witnessed a breakout of the 39,000 mark as discussed, revealing strong recovery and consolidation, going by the fact that the market had suffered decline in May due to pullbacks and corrections.

The mixed performance recorded within the period shows strength in the recovery move, suggesting that any pullback at this point indicates the required strength to push the index above the 42,000bps, all things being equal. As such, investors should play the market intelligently, targeting small profit as they move with the trend. However, we remind investors that that profit taking is inevitable at any point in an equity market.

The less-than-average traded volume shows that some players are watching positions they already have taken, waiting for the next breakout levels of 39,494.70 and 39,674.48 basis points, after the NGX All-Share index action tested the 39,210 points that triggered another ‘buy’ opportunity for breakout traders.

For the Nigeria economy to achieve the stronger 1.84% GDP growth expected in the latest World Bank forecast released during the week, the fiscal and monetary authorities must formulate policies and execute them as envisaged in the projection for the 2021 year-end, as against the 0.51% recorded in Q1.

Movement Of NSEASI

It was a mixed week of positive sentiment and buying interests, extending the previous week’s bullish rebound as the key performance index recorded three sessions of up market, while it was down in two due to profit taking.

The NGXASI closed on the first day of the week with a 0.08% drop, before rebounding on Tuesday, when it gains 0.50%, a move that was sustained at midweek and Thursday, when it gained 0.74% and 0.10% respectively. It however suffered a marginal 0.11% decline on Friday arising from profit booking by investors. This left the week total gain at 1.11%, compared to previous week’s 1.23% notch.

Consequently, the composite NGX index gained 430.18 basis points, closing at 39,156.23bps from an opening level of 38,726.10bps, touching an intra-week high of 39,262.71bps from its lows of 38,661.48bps, on sustained buy interests in high cap and blue-chip stocks. Within the same period, market capitalization rose by N224bn, closing at N20.41tr, compared to previous week’s N20.19tr, which also represented a 1.11% gain.

The week’s advancers table was dominated by medium cap stocks, as portfolio repositioning continued ahead of economic data and Q2 earnings expectations. Also, trading and price actions revealed the presence of smart money in the market, which impacted positively on the sectorial indexes as four sectors closed higher, despite price adjustment in six companies. They are: BOC Gases, NEM Insurance, Skyway Aviation, Beta Glass, Jaiz Bank, and Stanbic IBTC for dividends and scrip issues declared by their boards.

The week recorded a slight negative breadth with decliners almost equal advancers in the ratio of 36:35 on 82% buying sentiment and 18% sell volume,as Money Flow Index looked up, reading 48.69bps, from the previous week’s 40.65 points. An indication that funds are entering the equity space.

NSEASI WEEKLY CHART MOVEMENT

The systematical triangle-chart pattern formation of the NGX Index action supports a continuation of the uptrend, depending on market forces in the new week. The candlestick is yet to give any signal on a weekly and daily chart.

This is happening at a time crude oil sellingabove $71.64 per barrel level at the international market, as more economies reopen for business activities while the Covid-19 vaccination is on a high gear at the global and domestic levels. There is also the impact of positive economic data from U.S and China that would support oil prices.

Bullish Sectoral Indices

Performance indexes across the sectors were up, except for the NGX Insurance index that closed 4.12% lower, while the NGX Industrial goods led the advancers, after gaining 2.36%, followed by Oil/Gas, Consumer Goods and Banking that closed higher by 1.37%, 1.06% and 0.89% respectively.

The general market’s outlook remains mixed in the short and long-term, following which investors should take short and medium-term positions, while diversifying their portfolios along long-term trades to protect capital. This, you should do, by considering sectors with high upside potentials on the strength of earnings and policy influence.

Transactions in volume and value terms were mixed as investors traded 1.06bn shares worth N12.83bn, compared to the previous week’s 1.08bn units valued at N9.55bn. Volume was driven by trades in Financial Services, Consumer goods and ICT sectors, particularly Zenith Bank, Sterling Bank, Fidelity Bank, FBNH and Vitafoam.

Cutix and Okomu Oil were the best performing stocks for the week after gaining 23.56% and 20.73% respectively, and closing at N2.78 and N116.50 per share on full-year and half year earnings expectation. On the other hand, CWG and FTN Cocoa lost 26.14% and 15.38% respectively, at N1.13 and N0.33per share,on selloffs.

Market Outlook

We expect mixed performance on profit taking and portfolio readjustments on the recent rally, as all eyes are on economic data and Q2 corporate earnings, in the face of rising fixed income market yields. Also, any breakout at this point offers new entry opportunities for traders and investors to reposition in value and underpriced growth stocks, while companies with March year-end accounts release their audited full-year numbers to support recovery. This is based on the fact that the rise in fixed income yields may not be enough to scare all investors away from the equity market.

Again, the way to go is: Target dividend-paying stocks and fundamentally sound companies with growth prospects in 2021, looking the way of mispriced equities ahead of interim dividend announcement. This is especially given that despite the seeming improvements, fixed income yield continues to offer negative real rate of return due to the galloping inflation.

However, the strong and faster recovery may continue, depending on market forces, going forward, as propelled by expected Q2 earnings reports, until the next MPC meeting in July.


https://investdata.com.ng/portfolio-realignments-uptrend-may-persist-amid-economic-data-earnings-expectations/

Frankly...Please tell me if I am Right

Ambrose Here,

Don’t blame the government, don’t blame your environment, don’t blame your employer, don’t blame your negative friends and family, don’t blame the economy, and don’t blame the current taxes for your current Status but your personal philosophy…Jim Rohn

Last week Saturday was a public holiday precisely democracy day. Is it worth celebrating because it is all you’ve got? Well, you might be thinking that how has the government policies impacted your life thereby causing the only seed you have to become a better person.

In this country of abundant opportunities, it is a common culture that we blame the government, the economy, the political parties, people around us whereas it will not change rather worsen and I don’t know when it will. Unfortunately, those above-mentioned variables are the only thing you have in order to achieve your financial success in this country.

However, you might be wondering that if you don’t cause those variables, what else can you do? After all, their policies have affected your salary, savings, investments, or business opportunity in one way or the other.

Sincerely, I must confess that you don’t have control over them. That is the economy, political parties, environment, and government policies. All these will not change to suit only you!. Thus the only option available is to change your personal philosophy about life.

Yes, your personal philosophy is the only thing within your control. That is, you need to change your approach in dealing with life situations. After all, what has not made you achieve your financial goals are little repeated errors and judgment over a period of time. Not the government here, not the economy.

Frankly, the inspiration that your success is in your personal philosophy is not enough for you to transform your life. That is, inspiration is not enough. So the first step is to seek knowledge immediately...

Simply put, how much do you know about investing? Have you explored it to the fullest? I mean there are 1000 ways of doing it better or you are part of those WHO WILL SAY I HAVE NOT USED THE ONES I HAVE YET (Attitudes). Without knowledge, your inspiration will die and fizzle away.

Hence, invest in yourself so that you can get the best out of the current economy because you cannot invest in the below and not join the top 5%.

Register for the Q3 Invest Masterclass. Click on the below link to get started immediately.

https://workshop.investdataonline.com

and STOP COMPLAINING ABOUT WHAT IS NOT WITHIN YOUR CONTROL!!

Call NOW �
08028164085
Dedicated to your Financial Success
Ambrose Omordion

WORDS TO TRADE BY

"Rule #1: Don’t lose money. Rule #2: Don’t forget Rule #1."

―Warren Buffett

We trade so we can make money. That's really what this is about. So losing money is antithetical to our trading endeavors. Warren may sound like he's being simplistic, but he's right. The number one rule of investing is "don't lose money."

But the fact is, you will lose money. It will happen, so go ahead and prepare yourself for it. But if you can follow a trading plan that makes your wins more numerous than your losses, you'll be a winner, plain and simple. Get back to trading, put in the effort, and don't lose money!

Investdata 2021 Q3 Masterclass

Theme: Road Map For Improved Trading Results & Enhanced Confidence

Sub-Topics

Building Wealth with Diversified Portfolios In Amidst Economic Recovery, Stagflation Alhaji KurfiGarba MD/CEO Apt Securities & Funds Ltd

Combining Technical Indicators & Tools With Higher Time Frame To Initiate, Manage Trades Mr. Abdul-Rasheed OshomaMomoh, Head Capital Market at Trw Stockbrokers Ltd

Volume Factors That Give Profitable Signals in Any Market Phase, or Cycle, Mr. Ambrose Omordion, Chief Research Officer, Investdata Consulting Ltd

This Master Class will cover
1. Selecting portfolios that beat inflation in a recovery economy
2. How to read the higher and trading time frame bars for a true trading edge.
3. Knowing the factor that fuels stock market trading and how it impacts your portfolio.
4. Entry and exit techniques that get you in and out at good prices and add to your bottom line.
5. Improve your chances of entering winning trades, using volume factor and analysis to see what the market is doing more clearly and with a greater degree of confidence.
6. 5 Hot inflation-beating stocks
7. Q3 trade ideas and sectorial indexes charting

However, with less than 28 days to the beginning of Q3 2021, you need a road map to navigate the quarter profitably with confidence. Don’t miss this opportunity as we count down to July 3, 2021, for this Master Class.

Date: July 3, 2021

Time: 9 am prompt

Venue: ZOOM.

Fee: N 50,000

BUY AND SELL SIGNAL

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.

I have added a further twist to it. This includes.
1. Low Priced Stocks to Watch
2. Stocks to lead recovery
3. Defensive Stocks
4. Dividend Stocks with Strong Yields and Fundamentals
5. Stocks to Benefit from Corona Virus Induced Economic downturn and government Intervention
20 Stocks building new bullish base


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

However, if you have not joined the buying and selling signal membership, kindly indicate your interest so that one of our team members will call you immediately on how to get started immediately


To Your Success
Investdata Consulting.

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

Kindly click on the below link now to login with your username and password
http://investdataonline.com/buy-sell-signal/

Sentiment Report for June 15, 2021

NGX buy 2% sell 98% volume index 1.21 MFI 60.13
Access buy � volume index 2.05 MFI 65.94
Aiico buy 0% MFI 22.56
Corner buy 0% volume index 5.70 MFI 57.27
Dangsugar buy � volume index 4.29 MFI 4.64
Eti buy � volume index 4.07 MFI 70.38
Fbnh buy � MFI 59.42
Fcmb buy � MFI 76.82
Fidelity buy 50% sell 50% MFI 32.16
Fmn buy 0% volume index 1.01 MFI 56.76
Ftn buy 50% sell 50% volume index 1.48 MFI 18.94
GT buy 0% MFI 26.79
Honyflour buy � volume index 1.66 MFI 73.01
Jaiz buy � MFI 58.30
Jagold buy 0% MFI 36.30
Learn buy 9% sell 91% volume index 4.85 MFI 19.85
Lvstk buy 0% volume index 1.15 MFI 60.21
Mansard buy � volume index 2.84 MFI 57.20
Mben buy � volume index 0.88 MFI 51.32
Mtnn buy � volume index 2.71 MFI 76.14
Nascon buy 67% sell 33% volume index 3.55 MFI 43.85
Neimeth buy � volume index 1.96 MFI 33.21
Nem buy 9% sell 91% MFI 28.08
Oando buy � volume index 0.97 MFI 62.86
Presco buy � volume index 6.81 MFI 0.00
Pz buy � volume index 2.24 MFI 63.41
Regalins buy � volume index 1.02 MFI 36.44
Royalex buy � volume index 1.26 MFI 36.79
Sovrenins buy 0% MFI 42.61
Stanbic buy 0% volume index 1.70 MFI 9.00
Sterling buy � volume index 4.52 MFI 30.85
Transcorp buy 50% sell 50% MFI 56.76
Uacp buy � volume index 1.05 MFI 93.39
Uacn buy 27% sell 73% volume index 2.70 MFI 50.61
Uba buy 0% volume index 1.68 MFI 70.85
Ucap buy � MFI 33.54
Vitafoam buy 0% volume index 1.60 MFI 85.41
Wapic buy � volume index 1.07 MFI 40.79
Wema buy � volume index 2.04 MFI 38.87
Zenith buy � volume index 1.16 MFI 68.40

Investdata Daily Sentiment Report

Nigeria’s NGXASI Become More Attractive For Bargain Hunters, After 1.66% Slide


Market Update for June 15

Nigeria’s equity market on Tuesday had a very volatile and mixed session, closing lower on a very high traded volume but negative breadth, thereby extending profit booking from the recent rally for the second consecutive day as consumer goods stocks, especially those in agribusiness and telecomm come under pressure.

The selling sentiment as witnessed after the Democracy Day holiday is normal, given the recent price appreciation recorded by blue-chip and medium cap stocks, which to us in investdata is not surprising. This is because we have previously warned that a pullback after the market index has broken out the 39,000 mark will add more strength to the recovery move, with a high possibility of breaking out the 42,000 level, depending on the inflow of expected half-year numbers in the coming weeks.

The seeming positive economic data showing that Consumer Price Index for the month of May will come as a surprise to many, after Nigeria’s National Bureau of Statistics reported a further drop in the general prices of goods and services, or inflation rate by 19 basis point to 17.93%, from April’s 18.12%. This makes two months of slowdown in the nation inflation numbers as given by the statistics bureau, despite the geometric rise in food and other prices in the market, a situation that is blamed on the lingering insecurity across the country and the sustained devaluation of the Naira against other currencies across the globe. The misalignment may require explanation or provision of facts by the bureau to assure Nigerians that it providing real data from the fields.

It is not all bad news, after all, as oil price recovery continued at the international market with crude selling above $73 per barrel, which is 62.22% above the nation 2021 budget benchmark of $45pb.

This is expected to boost government revenue, enabling it meet the growing expenditure, while hastening economic recovery, and reduce the debt burden and borrowing propensity from the local and international capital market, provided there are buyers for the nation’s oil. We, however note that the impact of the surge in oil price is yet to reflect on the Nigerian economy, due to the budget implementation and disbursement style of government and its economic managers.

Meanwhile, Tuesday’s trading opened slightly on the upside and oscillated till midday before pulling back in the afternoon on selloffs in Airtel Africa and profit taking in blue chip stocks that pushed the NGX index action below the 39,000 psychological line to touch intraday low of 38,491.86bpfrom its highs of 39,168.59bps.

Market technicals were negative and mixed with volume traded higher than previous day in the midst of breadth that favoured the bears on high selling sentiments, as revealed by Investdata’s Sentiments Report showing 98% ‘sell’ volume and 2% buy position. Total transaction volume index stood at 1.21 points, just as momentum behind the day’s performance was relatively strong, as seen in the 60.13pts Money Flow Index, compared to previous day’s 61.12pts, indicating that funds left the market.

Index and Market Caps

At the end of Tuesday’s trading, the composite NGX All Share Index shed a significant 648.99bps to close at 38,507.33bps, from an opening level of 39,156.20bps, representing a 1.66% decline, just as market capitalization fell by N339.85bn, closing at N20.07tr, from its opening value of N20.41tr, also representing a 1.67% depreciation in value, higher than that of the index due to the delisting of Roads Nigeria, UNIC Diversified Holding, Evans Medical and Nigerian German Chemicals.

Attention: If you have not signed up for INVESTDATA buy and sell signal setup, don’t delay. As the number of stocks entering their buy range have just increased to 15 as they build new bullish base to be in our watchlist. These stocks are with double potentials to rally considering their earnings prospect and oscillating mood of the market.

To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. Take advantage of this service to buy right and sell right at the current oscillating market in the midst of earnings season, portfolio reshuffling and repositioning as we await an economic reform policy to stimulate and re-track the economy again.

Tuesday downtrend was driven by profit taking in stocks like Airtel Africa, Okomu Oil, Presco, Livestocks, Flourmills, Guinness, PZ, Vitafoam, UACN, NASCON, Dangote Sugar, Guaranty Trust Bank, Stanbic IBTC, and UBA, among others. This impacted negatively on Year-To-Date loss, as it increased to 4.38%, while the drop in market capitalization YTD jumped to N952.38bn, representing a 4.66% drop below its opening value for the year.

Bullish Sector Indices

Performance indexes across sectors were up, except for the NGX Consumer Goods that closed 0.18% lower, while the NGX Insurance led the advancers, after gaining 0.41%, followed by Banking and Energy with 0.16% and 0.13% higher respectively. Just as NGX Industrial goods was flat.

Market breadth closed negative, as losers outnumbered gainers in the ratio of 26:17; while activities in volume and value terms increased after traders crossed 297.35m shares worth N3.65bn, compared to the previous day’s 289.08m units valued at N3.55bn. Volume was boosted by trades in Access Bank, Sterling Bank, Zenith Bank, UACN and UBA.

Computer Warehouse Group and Berger Paints were the best performing stocks during the session, as they gained 9.73% and 6.72%, closing at N1.24 and N7.15 per share respectively on market forces and Q2 earnings expectations. On the flipside, Airtel Africa and Okomu Oil lost 10% and 9.44% respectively, closing at N753.5 and N105.5 per share, on selloffs and profit taking.

Market Outlook

We expect that a rebound is underway, as profit-taking may slow down on bargain hunters cashing in on these pullbacks to position for quarter end window dressing, seeming positive economic data ahead of March, April and May full year earnings reports. We note that half-year interim dividend stocks are becoming more attractive at this point for income investors and traders, even as the market anticipates positive news, while oil price continues to oscillate above $72pb to support global economic and stock market recovery across climates. We also expect the ongoing COVID-19 vaccination to support global and domestic economic recovery that will enhance the market and give direction.

The banking sector and others remain attractive on the back of the prevailing low prices, despite the Q1 mixed numbers.

Again, the way to go is: Target dividend-paying stocks and fundamentally sound companies with growth prospects in 2021, looking the way of mispriced equities ahead of interim dividend announcement. This is especially given that despite the seeming improvements, fixed income yield continues to offer a negative real rate of return due to the galloping inflation.

However, the strong and faster recovery may continue, depending on market forces, going forward, as propelled by expected Q2 earnings reports, until the next MPC meeting in July.

Ambrose Omordion

CRO|Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08179547605
https://investdata.com.ng/nigerias-ngxasi-become-more-attractive-for-bargain-hunters-after-1-66-slide/

Sentiment Report for June 17, 2021

NGX buy 82% sell 18% MFI 64.29
Berger buy � volume index 4.06 MFI 100.00
Chiplc buy 0% volume index 0.88 MFI 54.37
Courtville buy � MFI 9.04
Fbnh buy � MFI 68.18
Fcmb buy � MFI 80.75
Fidelity buy 0% MFI 34.88
Fmn buy � volume index 1.13 MFI 53.64
GT buy 75% sell 25% MFI 27.66
Honyflour buy 17% sell 83% volume index 2.12 MFI 81.98
Jagold buy 50% sell 50% MFI 33.30
Learn buy � volume index 0.79 MFI 24.32
Mben buy 80% sell 20% volume index 4.25 MFI 69.73
Regalins buy � MFI 30.71
Sovrenins buy � MFI 17.95
Sterling buy � volume index 1.38 MFI 18.97
Transcorp buy � MFI 60.54
Uacp buy � volume index 0.95 MFI 93.08
Uacn buy 0% MFI 30.81
Uba buy � MFI 79.17
Ucap buy 0% MFI 38.85
Unilever buy � volume index 3.99 MFI 51.44
Veritas buy 0% MFI 42.91
Vitafoam buy 50% sell 50% MFI 85.80
Wapic buy � MFI 43.28
Wema buy 0% volume index 6.01 MFI 16.79
Zenith buy 86% sell 14% volume index 0.73 MFI 77.72

Investdata Daily Sentiment Report

NGX May Sustain Rebound, As Investors Position For March, April, May Accounts


Market Update for June 17

The nation’s equity market sustained it seeming bull transition on Thursday as the benchmark index closed positively, following the renewed buying interests in the financial and consumer goods stocks that extended the positive outing for the second successive session on a low traded volume and positive market breadth.

The positive sentiment and recovery move at this point shows that the market is heading somewhere, especially as all eyes are on March year-end accounts, and despite the oscillation on profit taking and selloffs. Investors should position wisely and ride with the trend as it is your friend until it changes.

To make a difference in your trading and investing in the second half of 2021, as the temperatures outside there is heating up with the changing markets and windows, even as the trading environment fuels volatility, especially considering the rising yields in fixed income. Other factors under consideration are the security challenges, high inflation, massive digital currency fluctuations, unstable exchange rates, mismatch in government policies, high unemployment rate and threats to freedom of expression. In all these, however, there are huge opportunities to be capitalized on, but we must warn of equally of major pitfalls that should be avoided.

That is why it’s so critical that you have the right knowledge, tools and strategies necessary to maneuver in the current market situation, and there is no better place to learn these necessities from me and other experts at the Q3 Master Class, Roadmap To Improved Trading Results and Enhanced Confidence that boost your bottom line.

Meanwhile, Thursday’s trading opened slightly on the upside, but oscillated throughout the session on positioning and profit taking that pushed the NGX index to an intraday high of 38,624.53 basis points from its lows of 38,570.721bps.

Market technicals were positive and mixed, as volume traded was lower than previous day’s in the midst of breadth favoring the bulls on buying sentiment, as revealed by Investdata’s Sentiments Report showing 82% ‘buy’ volume and 18% sell position. Total transaction volume index stood at 0.66 points, just as momentum behind the day’s performance was relatively strong, as seen in the 64.29pts Money Flow Index, compared to previous day’s 58.84pts, indicating that funds entered the market.

Index and Market Caps

At the end of session, the NGX All-Share index (NGXASI) gained 50.41bps to close at 38,615.11bps, from an opening level of 38,564.70bps, representing a 0.13% up, just as market capitalization rose N26.28bn, closing at N20.13tr, from its opening value of N20.1tr, also representing a 0.13% appreciation in value.

Attention: If you have not signed up for INVESTDATA buy and sell signal setup, don’t delay. As the number of stocks entering their buy range have just increased to 15 as they build new bullish base to be in our watchlist. These stocks are with double potentials to rally considering their earnings prospect and oscillating mood of the market.

To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. Take advantage of this service to buy right and sell right at the current oscillating market in the midst of earnings season, portfolio reshuffling and repositioning as we await an economic reform policy to stimulate and re-track the economy again.

The session’s uptrend was supported by buying interest in Guaranty Trust Bank, Zenith Bank, Nigerian Breweries, Vitafoam, UACN, UBA, Beger Paints, Champion Breweries, AIICO and Cornerstone Insurance, among others. This impacted mildly on Year-To-Date loss, reducing it to 4.11%, while the drop in market capitalization YTD amounted to N922.19bn, representing a 4.38% drop from its opening value for the year.

Mixed Sector Indices

Performance indexes across sectors were mixed, with the NGX Insurance, Banking and Consumer Goods closing 1.01%, 0.81% and 0.18% higher respectively, while the NGX Industrial goods shed 0.02%.

Market breadth closed positive, as advancers overwhelmed decliners in the ratio of 18:8; while activities in volume and value terms were down as investors exchanged 160.44m shares worth N1.4bn, compared to the previous day’s 302.72m units valued at N2.81bn. Volume was driven by trades in Wema Bank, Mutual Benefits Assurance, Zenith Bank, Sterling Bank and FBN Holdings.

Champion Breweries and Coronation Insurance were the best performing stocks for the day after gaining 10% and 9.43%, closing at N1.98 and N0.58 per share respectively on market forces and earnings expectation. On the flipside, Consolidated Hallmark Insurance and Unity Bank lost 8.96% and 3.51% respectively, closing at N0.61 and N0.55 per share, on profit taking.

Market Outlook

We see the rebound sustained as player’s digest the inflation data, high oil price and dividend possibilities in the midst of buyers dominating sellers in recent trading sessions, revealing the presence of bargain hunters taking advantage of the pullbacks to position for quarter-end window dressing, seeming positive economic data ahead of March, April and May full-year earnings reports. We note that half-year interim dividend stocks are becoming more attractive at this point for income investors and traders, even as the market anticipates positive news, while oil price continues to oscillate above $72pb to support global economic and stock market recovery across climates. We also expect the ongoing COVID-19 vaccination to support global and domestic economic recovery that will enhance the market and give direction.

The banking sector and others remain attractive on the back of the prevailing low prices, despite the Q1 mixed numbers.

Again, the way to go is: Target dividend-paying stocks and fundamentally sound companies with growth prospects in 2021, looking the way of mispriced equities ahead of interim dividend announcement. This is especially given that despite the seeming improvements, fixed income yield continues to offer negative real rate of return due to the galloping inflation.

However, the strong and faster recovery may continue, depending on market forces, going forward, as propelled by expected Q2 earnings reports, until the next MPC meeting in July.

https://investdata.com.ng/ngx-may-sustain-rebound-as-investors-position-for-march-april-may-accounts/

It applies to all...

Ambrose Here Again,

It is a known fact that we all aspire for things to change for the best, especially in our finances and career. Everyone enjoys the happiness and merriment of progressing in life. In fact, it builds the confidence needed for greater achievement.

On the contrary, when you experience stagnation or things are not moving as anticipated, you tend to blame all other factors including your environment. You have forgotten that for things to change for you, you have to change.

You don't have to change what is outside because you don't have control over them, you just have to change what is inside.

That is, to earn more in the marketplace, you have to learn more. You have to also become more. This also means that you should never ever wish for fewer problems, but more skills.

It applies to all.

Want to earn more and get the best in the next quarter? register for the Invest Q3 Masterclass “Roadmap For Improved Trading Results & Enhanced Confidence" if you are really sincere about growing your portfolio in the next quarter.

https://workshop.investdataonline.com

Or call or Chat Admin 08028164085, +234 817 954 7605


Best
Ambrose Omordion

Sentiment Report for the week Ended June 18, 2021

NGX buy 27% sell 73% MFI 49.67
Access buy � volume index 0.85 MFI 47.00
Afrprud buy � MFI 39.17
Aiico buy 0% MFI 53.95
Ardova buy � MFI 62.49
Berger buy � volume index 6.51 MFI 98.03
Cadbury buy 67% sell 33% volume index 0.73 MFI 25.23
Chams buy 0% volume index 0.85 MFI 37.02
Chiplc buy 46% sell 54% volume index 1.66 MFI 66.05
Cileasing buy 0% volume index 0.72 MFI 40.56
Corner buy � volume index 1.17 MFI 38.76
Courtville buy 0% volume index 0.70 MFI 53.91
Custodian buy 0% MFI 45.69
Cutix buy � MFI 63.91
Dangsugar buy 83% sell 17% MFI 28.85
Eterna buy 0% MFI 87.64
Eti buy 0% volume index 2.63 MFI 69.00
Fbnh buy � MFI 55.84
Fcmb buy � MFI 75.48
Fidelity buy 75% sell 25% MFI 32.28
Fmn buy 95% sell 5% MFI 37.15
Ftn buy 50% sell 50% MFI 19.67
GT buy 61% sell 39% MFI 37.18
Honyflour buy 67% sell 33% volume index 1.66 MFI 57.88
Jaiz buy � MFI 27.26
Jagold buy 43% sell 57% MFI 48.34
Lasaco buy � MFI 39.54
Learn buy � volume index 2.40 MFI 52.60
Linkass buy 0% MFI 86.25
Lvstk buy 25% sell 75% MFI 53.05
Mansard buy 50% sell 50% MFI 45.34
Mben buy 17% sell 83% MFI 55.28
Mtnn buy � MFI 90.33
Nahco buy � MFI 47.38
Nascon buy � volume index 1.30 MFI 33.09
Neimeth buy � MFI 46.93
Nem buy 9% sell 91% MFI 44.36
Npf buy � MFI 45.40
Oando buy 40% sell 60% MFI 51.30
Presco buy � volume index 4.79 MFI 36.72
Pz buy � MFI 79.75
Red buy � volume index 1.11 MFI 60.51
Regalins buy � volume index 0.80 MFI 69.71
Royalex buy � volume index 1.50 MFI 38.04
Seplat buy � volume index 0.73 MFI 100.00
Sovrenins buy 50% sell 50% volume index 0.98 MFI 30.63
Stanbic buy 0% MFI 45.99
Sterling buy 70% sell 30% volume index 3.27 MFI 25.42
Transcorp buy � MFI 51.84
Uacp buy � MFI 55.05
Uacn buy 54% sell 46% volume index 1.24 MFI 75.17
Uba buy 80% sell 20% MFI 53.00
Ucap buy 94% sell 6% MFI 73.18
Unilever buy 80% sell 20% volume index 1.17 MFI 38.66
Unity buy � MFI 99.01
Vitafoam buy 80% sell 20% volume index 1.21 MFI 87.80
Wapco buy 0% MFI 40.87
Wapic buy 80% sell 20% MFI 50.24
Wema buy 0% volume index 1.95 MFI 9.68
Zenith buy � volume index 0.73 MFI 53.60

Investdata Weekly Sentiment Report

Hello Investors and Traders,

I just posted Questions and Answers with Ambrose Omordion as at 19/06/2021.

Don't forget to Share with me what you think about the Video.

Also Click on subscribe button so that you can be among the first to get the latest update.


https://www.youtube.com/watch?v=ezezAZTUp6E

Ambrose Omordion

BUY AND SELL SIGNAL

Hello Investors,

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

I have added a further twist to it. This includes.
1. Low Priced Stocks to Watch
2. Stocks to lead recovery
3. Defensive Stocks
4. Dividend Stocks with Strong Yields and Fundamentals
5. Stocks to Benefit from Corona Virus-Induced Economic downturn and government Intervention
20 Stocks building new bullish base


However, you need to log in to the membership site before you can have access to it.

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

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

However, if you have not joined the buying and selling signal membership, kindly indicate your interest so that one of our team members will call you immediately on how to get started immediately

To Your Success
Investdata Consulting.

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

Quote of the day

The best investment you can make, is an investment in yourself... The more you learn, the more you'll earn.

Warren Buffett