₦airaland Forum

Is This Holding you Back?

I have been posting a lot about my Invest 2020 Summit Homestudy pack but I have not heard anything from you.

Sincerely, I know the reason why you have not taken any action yet although it may not be in detail, however, it is the foundation of all excuses and reasons for not taking action.

It is simply Fear-for ages, It is a deadly enemy that prevented a larger populace from achieving their goals whether you admit it or not; I know what I am saying. Let's drill down further. Your fear includes:

1. Fear of Knowledge acquisition: you are afraid to acquire more knowledge because the ones you have acquired in the past became obsolete without taking any action.

2. Fear of taking Risk: you are also afraid of taking risks despite the fact that all risk has been taken away through my membership site. In addition, you must have lost money before in the stock market which I did too. However, I never gave up.

I must confess that your fear is not your fault. It is just the way we have been wired. In any situation, we are afraid in 2 ways which are catastrophic fear which is afraid that something bad will go wrong while the other type inastrophic is a type of fear that revolves around positivism.

Hence, the only way to overcome your fear is to see yourself taking action by first buying the material as they are been released on a monthly, quarterly or annual basis because nothing is static in life.

Want to overcome fear and get the best out of 2020 Call NOW 08028164085,08032055467 or send an email to ambroseconsultants@yahoo.com for the INVEST 2020 SUMMIT HOMESTUDY PACK

Dedicated to Your Financial Success,
Ambrose Omordion

Investors Hedge Against Inflation, Go For Stocks Promising Higher Dividend Yields
- February 20, 2020


Market Update for February 19
Nigerian stocks again declined at the midweek as players eagerly await more earnings reports and dividend news, especially from the large companies for a reversal of the lingering downtrend and mixed sentiments. Such announcements, if positive as expectedly, would likely propel the inflow of funds into equity assets at time inflation continues to ravage returns on investment in money market and short term fixed income instruments. This is particularly true of Federal Government bonds with yield now below its five-year low, with 91, 182 and 354-day Treasury Bills and FGN Bond primary market rates at 3%, 4%, and 6.54% respectively. Also, the five, 10 and 30-year bond yields are priced at 9.85%, 11.13%, and 12.56%.

United Capital Plc has given some ray of hope to investors, going by its recently released full-year earnings with 50 kobo dividend that translated to a yield of 17.06% as of the released date, a situation that attracted some inflows to the stock. This is to be expected, as income investors take advantage of the high payout at a time the yield is higher than the prevailing inflation rate as announced on Tuesday, by Nigeria’s National Bureau of Statistics. It is noteworthy that the high payout of United Capital has equally attracted funds inflow to its sister company- Africa Prudential, as well as parent company- the United Bank for Africa Plc during the trading session.

Investors should take note that in using stocks to hedge against inflation, companies that can pass their rising product costs to customers, such as those in the Consumer Goods sector and others that enjoy the Federal Government’s Value Added Tax-free policy as captured in the Finance Bill 2019 should be targeted for quick wins (READ MORE).
The slowdown in the spread of Coronavirus infections rate and injection of funds into the Chinese economy by its central bank, as well as its plan to cut short-term interest rates and in the process, stimulate productivity and encourage small businesses affected by the outbreak, has triggered prices of stocks and commodities in the global markets. Oil price, again, hit a three-week high on U.S government sanctioning a trading subsidiary of Russian oil giant Rosneft, accused of helping Venezuela transport oil to refineries in China and India.

Meanwhile, Wednesday’s trading on the Nigerian Stock Exchange started on the downside and maintained that direction throughout the session, but oscillated in the late afternoon to touch intraday low of 27,512.72 basis points, from its high of 27,556.13bps, before adjusting up marginally to close the session lower at 27,523.08bps on a high traded volume.
Midweek market technicals were negative but mixed, as volume traded was higher than the previous session, with breadth favouring the bears, amidst a high selling pressure as revealed by Investdata’s Sentiment Report showing 76% ‘sell’ volume and 24% ‘buy’ position. The total transaction volume index stood at 0.99, while the energy behind the day’s performance was seriously weak, with Money Flow Index flat at 4.55 points, from the previous day’s 4.55 points. This indicated that the market is still lacking in liquidity, despite the seeming entrance of funds into some stocks.

Index and Market Caps
At the close of midweek’s trading session, the All-Share Index lost 24.48bps, closing at 27,523.08bps from its 27.547.56bps opening, which represented a 0.09% decline, just as market capitalization lost N9.14bn, closing at N14.34 trillion, from the N14.35tr opening level, which also represented a 0.09% value loss.

Attention: If you have not signed up for Investdata buy and sell signal setup, don’t delay. We have just added another risk management feature and new stocks of 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 at the current market recovery ahead of full-year earnings reporting season portfolio reshuffling and repositioning as we await an economic reform policy to stimulate and re-track the economy again.

The session’s decline was impacted by selloffs Guaranty Trust Bank, Forte Oil, Custodian Investment, NCR, Dangote Sugar, Oando, Fidelity Bank and Chams, among others. This impacted negatively on the NSE’s Year-To-Date gain, reducing it to 2.54%., while market capitalization YTD gain fell to N1.38tr representing 10.65% growth over the year’s opening value.

Bearish Sector Indices
All sectorial performance indexes closed in red, except for the NSE Industrial Goods that gained a marginal 0.46%, while the NSE Insurance index led the decliners with its 2.29% loss, followed by NSE Oil/Gas which fell by 1.12%, ahead of the NSE Banking and Consumer Goods that lost 0.55% and 0.13% respectively.

Market breadth remained negative as decliners outpaced advancers in the ratio of 17:13, while market activities in terms of volume and value traded were up by 72.6% and 132.9% respectively to 290.16m shares worth N5.03bn, as against the previous day’s 168.07m units valued at N2.16bn. Volume was boosted by trades in Guaranty Trust Bank, Zenith Bank, FBNH, Japaul Oil and UBA.
The best-performing stocks during the session were United Capital and Africa Prudential, which for reasons stated earlier, gained 9.9% each, closing at N3.22 and N5.12 per share respectively. On the flip side, AXA Mansard Assurance and Forte Oil lost 10% and 9.97% respectively at N1.80 and N16.70 on profit-taking and selloffs.

Market Outlook
We expect dividend news-driven reversal in the market, as the index continues to bounce around 61.8% Fibonacci retracement on a higher traded volume, with more audited earnings expected to hit the market any moment from now. This is despite the likely continuation of the mixed intraday movement in the midst of profit-taking, with investors buying increasing positions in high dividend-paying stocks ahead of dividend declaration. This is also against the backdrop of the fact that the capital wave in the financial market may persist in the midst of relatively low-interest rates in the money market, high inflation and unstable economic outlook for 2020.

Also, investors and traders are positioning in anticipation of the 2019 full-year earnings reports, amidst the changing sentiments in the hope of improved liquidity and positive economic indices which may reverse the current trend.
We see investors focusing on the upcoming full-year earnings season, targeting companies with strong potential to grow their dividend on the strength of their earnings capacity.

Again, 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.
This was noted in the 10 golden stocks and trading ideas for 2020, as discussed extensively during the Investdata 2020 Traders & Investors Summit held in Lagos.

Also, traders and investors need to change their strategies, because of the NSE’s pricing methodology, the CBN directives and their impact on the economy in the nearest future.

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

Don't allow anyone to make you feel less than you are.

Think about the people you've encountered throughout your professional life. There's probably a range, with some who have gone out of their way to help you learn and grow, others who may have helped a bit when it wasn't too much trouble, and perhaps a few who seemed to actively be working to hold you back.

If you're working with someone in that last group, it's important to respond to their actions in a way that helps you get the best out of yourself and others instead of reacting to their negativity.

Here are seven of the most toxic weapons ways these people wield, with strategies to overcome them. With a little help, you can overcome anyone who's trying to stand in the way of your success.

1. They make you doubt yourself.
Don't allow someone else's doubts about you to turn into your own. If you find yourself doubting yourself because of something someone said or did, remember how far you have come and how strong you have grown. Whatever you believe about yourself is what you will manifest in your actions. Believe unwaveringly in yourself and others will have no choice but to believe in you too.

2. They keep reminding you of your faults.
If others find fault in you, you can consider their criticism objectively and then move on. If it's valid, you can let it help motivate you to learn more, know more and be more. And if not, you can ignore it. But never allow it to become a reason to get stuck or play small.

3. They are constantly criticizing your ideas.
Some people almost can't help responding to any new idea with negativity. But even unworkable ideas often have elements that are worth preserving or that lead to something that does work. Find others who can help you explore new ideas in a spirit of discovery and invention.

4. They discount your strengths.
The best way to combat someone who tries to undermine your strengths is simply to know yourself. When you have a clear sense of your own strengths and weaknesses, you're well situated to ignore the uninformed opinions of others.

5. They minimize your contributions.
Often when people minimize the contributions of others, it's because they're trying to take more than their share of the credit. Lead by example--give credit to others ahead of yourself, knowing that shining a light on another's efforts does nothing to take away from your own. Meanwhile, continue to do great work.

6. They try to make you feel unimportant.
The first thing you have to get past when someone puts you down is this: it hurts. So feel what you're feeling. Allow the pain to make you stronger, the fear to make you braver, and the heartbreak to make you wiser. Then go invest in the opinions of others who know better.

7. They want you to think you have no options.
Negative people sometimes enjoy backing others into an imaginary corner, maybe to make up for their own feelings of being trapped. But of course the truth is that life is full of alternatives and choices. Simply choose to live your best life, every day, no matter what the options before you may be. Even if you don't have a choice about doing something, you always have a choice about how you do it and what you learn from it.

The bottom line is this: Don't take to heart the negativity of others. Remember that it has more to do with their own situation than with you. Stay tough and know what you're worth.

https://akanudofia..com/2020/02/7-ways-people-will-hold-you-back-if-you.html

Investdata Price, Earnings Tracking For Week Ending February 14, 2020

https://investdata.com.ng/2020/02/investdata-price-earnings-tracking-for-week-ending-february-14-2020/

Investdata Daily Sentiment Report as of February 19, 2019

NSEASI buy 46% sell 54% MFI 4.55
Access buy � MFI 27.42
Afrprud buy � MFI 28.60
Aiico buy 0% MFI 70.84
Eti buy 0% MFI 11.84
Fbnh buy 0% MFI 29.24
Fcmb buy 0% MFI 69.41
Fidelity buy � MFI 47.57
GT buy 0% volume index 0.75 MFI 26.83
Jaiz buy � volume index 1.18 MFI 59.83
Japaul buy 0% volume index 1.21 MFI 77.91
Lawunion buy � MFI 90.24
Lvstk buy � volume index 1.24 MFI 81.33
Neimeth buy 0% volume index 3.32 MFI 66.48
Sterling buy � MFI 29.93
Transcorp buy � MFI 15.26
Uacp buy � volume index 2.11 MFI 86.50
Uacn buy � MFI 56.98
Uba buy 0% MFI 21.48
Ucap buy 70% sell 30% volume index 2.79 MFI 69.14
Vitafoam buy � volume index 5.05 MFI 22.98
Wema buy � volume index 1.01 MFI 40.05
Zenith buy 50% sell 50% volume index 1.14 MFI 39.85

https://investdataltd..com/2020/02/investdata-daily-sentiment-report-as-of_19.html

Market Update for the Week Ended February 14 and Outlook for Feb 17-21

The bearish sentiments and sell pressure continued on the Nigerian Stock Exchange (NSE) last week as more 2019Q4 unaudited and full-year audited numbers continued to grace the market, even as monetary and fiscal policy inconsistency continued to threaten investor confidence. This has extended the downtrend for the third consecutive week on a declining traded volume, which signals that reversal is underway depending on the full-year corporate actions and dividend news of many companies with December year-end.

The mismatch of funds and policies in the nation’s financial market has continued to drive the volatility witnessed in the stock market so far, as inflow and outflow from equity assets in recent times stay high despite the relatively low-interest rate regime in the money market and declining yields in the fixed income segment. The expected audited earnings and dividend declaration season may fire up the market again if payouts beat market expectations. That means there is potential for big volatility ahead, a situation that can be both a blessing and a curse, depending on the actual numbers.

It is over three months since the apex bank restricted local investors, fund managers, and Pension Fund Administrators from participating in its Open Market Operations, primary and secondary market operation. This has dragged average yield in the market to between 6 and 7% from 10-14%, at a time Dividend Yields of many stocks on the exchange are higher than the prevailing returns in the Treasury instrument and others.
However, the performance of the global stock markets for the period under review was mixed as a resurgence of the Coronavirus weakened investor confidence, negatively impacting the global economy, thereby threatening the outlook for trade-in 2020.

Movement Of NSEASI
During the week, the All-Share Index recorded a mixed performance with two days of up, and three sessions of the down market, closing the first trading session of the week on a negative note, after losing 1.05%. This was reversed on Tuesday and was sustained in the midweek, gaining 0.36% and 0.02% respectively; it then pulled back into the bear region on Thursday and Friday, giving up 0.05% and 0.39%, due to the continued sell down to close the week negative.

The benchmark NSEASI opened at 28,067.09 basis points, touching an intra-week high of 28,119.19bps and low of 27,637.33bps on a continued sell down and profit across sectors, except the Industrial Goods. The index closed the week at 27,755.87bps, representing a 1.11% decline on a lower traded volume. Also, market capitalization fell to N14.46tr, from an opening value of N14.62tr, representing a 1.11% value loss. This was lower than the rate of decline in the previous week of 2.69% loss, despite the price adjustment in Vitafoam shares for its dividend of 42kobo.
The Advancers’ table for the period was dominated by low cap stocks, as sell pressure continued on medium and large companies with accumulation in high Dividend Yield stocks persisted in the midst of unaudited and mixed corporate earnings that impacted the week negatively while investors cautiously awaited the release of more audited accounts and corporate actions. During the week also, directors of Nigerian Breweries presented its full-year audited reports as expected, accompanied by announced of N1.51 dividend per share.

Also, the prevailing negative sentiment was evident in market breadth that was down during the period, with decliners outpacing advancers in the ratio of 35:19. The impetus behind the week’s performance was strong despite sliding down, as revealed by the Money Flow Index reading 67.68bps, compared to the 73.60bps of the previous week.
The low volume of trade indicates the wait and see attitude of traders and investors ahead of the release of the audited 2019 full-year accounts, even as Investdata’s Sentiment Report for the week was negative at 25% ‘buy’ volume, and 75% ‘sell’ position, on a transaction volume index of 0.74.

NSEASI Weekly Time Frame
From the above weekly chart of NSE Index, Fibonacci levels are already forming support and resistance levels, and you combine them with other price areas that a lot of other traders are watching, then the chances of market rebounding from these areas of 50% to 61.8% are much higher. It is clear fund managers are holding cash in expectation of economic data like the January inflation and Q4 2019 GDP reports slated for February 17 and 24 respectively. This will determine which windows they will be looking for, whether the equity or fixed income market as assets repricing persist in the financial market.

The negative sentiment behind the NSE Index action and trading pattern during the week remained dicey, despite the earnings expectations that support a reversal in trend. The index broke down the 27,702.46bps within the period, an indication of weak inflow into the market as institutional investors and fund managers await the audited earnings reports.
The NSE index is sustaining a downward movement on a declining traded volume, signaling a slowdown in the recent recovery as selloffs and profit-taking persisted at the end of the second trading week of the month.
The index on a weekly time frame is trading above its 20-Day Moving Average, The Relative Strength Index reads 48.18, indicating relative strength. However, Money Flow is reading 67.68 points and looking down on the weekly chart which is an indication that funds are leaving the market and individual stocks.

Bearish Sectoral Indices
All the sectoral indexes were down during the week, except for the NSE Industrial Goods that closed slightly up at 0.78%, while the NSE Consumer Goods Index led the decliners, after shedding 6.47%, followed by the NSE Insurance, Oil/Gas and Banking indexes that were down by 2.16% 0.69% and 0.21%, respectively.

Market transactions, in terms, of volume and value for the week were down by 43.04% and 47.03% respectively, as investors exchanged 912.18m shares worth N12.13bn, as against the previous week’s 1.48bn units valued at N20.3bn. This volume was mainly driven by trades in financial services stocks, especially Zenith Bank, Guaranty Trust Bank, and UBA.
Livestock Feeds and United Capital Plc were the best-performing stocks for the week, topping the advancers’ chart after gaining 16.67% and 15.29% respectively, closing at N0.70 and N2.94 per share on low price attraction, and earnings expectation with dividend income. On the flip side, Linkage Assurance and Skyway Aviation lost 25.81% and 23.26% respectively, closing at N0.46 and N2.87 per share on profit-taking and selloffs.

Market Outlook
We expect more audited earnings reports and dividend news to dictate the market direction in the midst of profit-taking and repositioning by market players, as more OMO and bond investments mature, making more funds available for equity investment, despite the fact that funds managers are holding on to cash. This is just as more liquidity finds its way to high Dividend Yield stocks with sound fundamentals, which will also be based on a seemingly positive outlook for the domestic economy, despite the mixed outlook for 2020 from various analysts.
Discerning investors, nonetheless, should take advantage of the current low stocks valuation to position for medium to long-term. It is noteworthy that the market is selling at a discount and therefore offers high upside potential.

We should, however, not overlook the possibility of a bargain-hunting motive supporting positive performance, especially with many fundamentally sound stocks remaining underpriced. With a dividend yield of major blue-chips continuing to look attractive in recent weeks, we expect speculative trading to shape the market’s direction, despite the seeming mixed outlook.
Again, the current undervalued state of the market offers investors opportunities to position for the short to long-term, which is why investors should target fundamentally sound and dividend-paying stocks for possible capital appreciation in the New Year. This was noted in the 10 golden stocks and trading ideas for 2020, as discussed extensively during the Investdata 2020 Opportunities & Trade Ideas Summit.
Also, traders and investors need to change their strategies, because of the NSE’s pricing methodology, CBN directives and its impact on the economy in the nearest future.

Meanwhile, we thank all the participants of the PHC Invest 2020 Summit last weekend, as we also welcome you all to a bullish 2020. The home study packs of Invest 2020 Opportunities and Trade Ideas Summit containing the 10 Golden Stocks for 2020 are available with an average return of 13.37% in less than 30 days. To obtain your pack send ‘Yes’ or ‘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/2020/02/audited-earnings-dividend-may-dictate-market-direction-amidst-profit-taking/

Investdata Weekly Sentiment Report as of February 17, 2020

NSEASI buy 25% sell 75% volume index 0.74 MFI 67.68
Access buy 50% sell 50% MFI 59.18
Afrprud buy 89% sell 11% volume index 2.26 MFI 55.53
Aiico buy 0% MFI 70.26
Cadbury buy 20% sell 80% volume index 2.76 MFI 37.92
Caverton buy 57% sell 43% volume index 2.64 MFI 51.03
Chams buy 0% MFI 49.80
Chiplc buy 67% sell 33% volume index 1.55 MFI 20.90
Cileasing buy 63% sell 37% volume index 5.87 MFI 26.21
Courtville buy � MFI 44.28
Cutix buy � MFI 76.76
Dangsugar buy 8% sell 92% MFI 81.18
Eterna buy 50% sell 50% volume index 4.98 MFI 11.78
Eti buy 33% sell 67% volume index 2.62 MFI 31.56
Fbnh buy 67% sell 33% volume index 0.85 MFI 51.47
Fcmb buy 17% sell 83% MFI 52.35
Fidelity buy 58% sell 42% volume index 0.78 MFI 63.82
Fmn buy � volume index 2.74 MFI 92.40
GT buy 49% sell 51% volume index 0.85 MFI 68.68
Honyflour buy 0% MFI 81.91
Jaiz buy 20% sell 80% MFI 53.84
Japaul buy 0% volume index 5.18 MFI 57.63
Jberger buy 0% volume index 1.68 MFI 95.61
Lasaco buy � volume index 0.78 MFI 51.55
Lawunion buy 70% sell 30% MFI 64.03
Learn buy � volume index 0.85 MFI 38.55
Linkass buy 8% sell 92% volume index 9.72 MFI 38.11
Lvstk buy � volume index 3.24 MFI 80.04
M&B buy � MFI 63.37
Mtnn buy 20% sell 80% volume index 1.11 MFI 38.07
Nahco buy � volume index 0.71 MFI 50.96
Neimeth buy 0% volume index 0.87 MFI 67.85
Nem buy 0% MFI 72.95
Npf buy 0% volume index 1.00 MFI 36.61
Oando buy 0% volume index 1.03 MFI 43.13
Prestige buy � volume index 1.33 MFI 77.88
Pz buy � volume index 1.67 MFI 39.37
Royalex buy 0% MFI 79.29
Sovereins buy 0% volume index 7.53 MFI 75.12
Sterling buy 7% sell 93% MFI 54.32
Transcorp buy 0% volume index 0.73 MFI 55.04
Uacn buy 35% sell 65% volume index 1.49 MFI 85.05
Uba buy 33% sell 67% volume index 1.00 MFI 61.46
Ubn buy � volume index 2.10 MFI 59.68
Ucap buy 86% sell 14% volume index 3.09 MFI 70.95
Upl buy � MFI 33.05
Vitafoam buy 52% sell 48% volume index 1.02 MFI 86.00
Wapco buy 47% sell 53% MFI 75.28
Wapic buy 0% MFI 84.71
Wema buy 0% MFI 63.01
Zenith buy 0% volume index 0.72 MFI 65.01

https://investdataltd..com/2020/02/investdata-weekly-sentiment-report-as.html

NGSE Index Still On Recovery Mood, As Q4 Filings Reduce Speculations, Guide Position Taking


Market Update for February 12
Midweek’s trading activities on the Nigerian Stock Exchange sustained a seeming uptrend with the composite All-Share index closing marginally up on mixed sentiments and buying interests in dividend stocks, as market players await full-year audited earnings with dividend declaration. It is evident now that the unaudited accounts so far released in line with the directive of the Securities and Exchange Commission have given insights into what investors should expect from the quoted companies.
So far, also, the NSE has suffered from the twin effects of Monetary policy tightening through last month’s upward adjustment of the Cash Reserve Requirements (CRR) by the Central Bank of Nigeria (CBN), just as the directive that companies file their Q4 financials has deflated speculative trading in the new year. The new pattern of reporting triggered selloff, as the Q4 numbers came without corporate actions because they are unaudited, even as most players and investors may not have been carried along in the changes made.

Like we have always maintained in Investdata, there is hope for the market, at a time interest rate in the money market remains relatively low, vis-à-vis inflation rate, even as the new Finance Act is expected to boost the bottom-line of some companies at the end of the day. Nigeria’s macroeconomic indices are expected to look up on the early implementation of the 2020 budget, even as the stock market is expected to be further propelled by the planned demutualization of the NSE, which will give life to huge dead capital in the hands of market players.
Midweek’s trading started slightly on the upside into the mid-morning and oscillated between midday to the afternoon on bargain hunting and profit-taking among stocks which pushed the benchmark index to an intraday high of 27,919.10bps, from its low of 27,866.46bps. It closed marginally high at 27,874.31bps thereafter on a low traded volume.

Market technicals on Wednesday were positive and mixed, with lower volume traded than the previous session in the midst of negative market breadth and mixed sentiments as revealed by Investdata’s Sentiment Report showing 23% ‘buy’ volume and 77% ‘sell’ position. The total transaction volume index stood at 0.43, while the energy behind the day’s performance was seriously weak, with the Money Flow Index dropping to 8.80 points from the previous day’s 10.08 point, indicating that funds exited the market and some stocks despite closing up.

Index and Market Caps
At the close of midweek trading, the NSE All-Share Index gained a marginal 6.53bps, closing at 27,874.31bps from its 27.871.90bps opening, representing 0.02% up, just as market capitalization was up by N3.4bn, closing at N14.52tr, from the N14.52tr opening figure, which also represented a 0.02% value gain.
Attention: If you have not signed up for Investdata buy and sell signal setup, don’t delay. We have just added another risk management feature and new stocks of 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 at the current market recovery ahead of full-year earnings reporting season portfolio reshuffling and repositioning as we await an economic reform policy to stimulate and re-track the economy again.

The day upturn was impacted by positioning in dividend stocks and others like Access Bank, FBNH, UACN, Lafarge Africa, Ecobank Transnational Incorporated, Dangote Sugar, Fidelity Bank, Africa Prudential, and C&I Leasing, among others. This impacted mildly on the NSE’s Year-To-Date gain, which increased to 3.86%. Market capitalization, YTD, gain inched up to N1.52tr, representing 11.34% growth over the year’s opening value.

Mixed Sector Indices
The sectoral performance indexes were largely bullish, except for the NSE Consumer Goods and Insurance indexes that closed 0.31% and 0.23% lower respectively, while the NSE Banking led the advancers after gaining 0.30%, followed by Industrial Goods with 0.08%, while Oil/Gas closed flat.
Market breadth was negative as decliners outnumbered advancers in the ratio of 18:13, while market activities in volume and value traded declined by 44.84% and 34.29% respectively to 152.4m shares worth N2.44bn, from the previous day’s 276.27m units valued at N2.85bn. Volume was driven by transactions in Guaranty Trust Bank, Zenith Bank, UBA, FBHN and Fidelity Bank.
C & I leasing and Africa Prudential were the best-performing stocks, gaining 9.09% and 2.17% to close at N5.40 and N4.70 per share, on the strength of earnings expectations and market forces. On the flip side, SKYAVN and Royal Exchange Assurance lost 9.50% and 8.00% respectively, closing at N3.05 and N0.23 on selloffs and profit-taking.

Market Outlook
We expect the market to sustain its reversal, despite the likely continuation of the mixed intraday movement in the midst of profit-taking, with investors buying increasing position ahead of dividend news. This is also against the backdrop of the fact that the capital wave in the financial market may persist in the midst of relatively low-interest rate in the money market, high inflation and unstable economic outlook for 2020.
Also, investors and traders are positioning in anticipation of the 2019 full-year earnings reports, amidst the changing sentiments in the hope of improved liquidity and positive economic indices which may reverse the current trend.
We see investors focusing on the upcoming full-year earnings season, targeting companies with strong potential to grow their dividend on the strength of their earnings capacity.

Again, 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.
This was noted in the 10 golden stocks and trading ideas for 2020, as discussed extensively during the Investdata 2020 Traders & Investors Summit held in Lagos last December.
Also, traders and investors need to change their strategies, because of the NSE’s pricing methodology, the CBN directives and their impact on the economy in the nearest future.
Meanwhile, the Investdata team welcomes you to a bullish 2020. The home study packs of our Invest 2020 Opportunities and Trade Ideas Summit, containing the 10 Golden Stocks for 2020 are available. To obtain your pack send ‘Yes’ or ‘Stock’ to 08028164085, 08032055467, 08111811223 no.

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/2020/02/ngse-index-still-on-recovery-mood-as-q4-filings-reduce-speculations-guide-position-taking/

Mixed Trading, Profit-Taking Continue On NGSE, As Cautious Investors Scoop Dividend Stocks

Market Update for February 13
Nigeria’s stock market had a very volatile and mixed session, on Thursday, continuing its oscillating trend with the bulls and bears struggling for dominance as day traders take over the market activities, determining trading pattern as a result of which the benchmark All-Share index rises in the morning and bows to sell pressure by the afternoon. The composite NSEASI, therefore, closed lower, halting the previous two sessions of bull-run on a low traded volume as market players await the release of audited results.
The prevailing low trades and activities on the exchange are a clear reflection of indecision among traders and investors as the market searches for direction after the adjustment of Cash Reserve Requirements of banks triggered outflow from the stock market.
The decline was despite the fact that Nigerian Breweries filed its full-year audited report with the directors offering a final dividend of N1.51 per share

As more OMO bills and bonds mature, it is clear that the bulk will not be eligible for rollover, given the Central Bank of Nigeria policy locking non-bank domestic investors out of the market. Such funds are expected to find their way to other investment outlets including forex and equity markets.
While this could weaken the Naira as more investors shift to the forex market, the high dividend yields and undervalued state of the stock market is also an attraction for equity assets, especially those that are liquid. Despite the marginal rates increase in the Treasury Bills to 3.5%, 4.5%. and 6.5% per annum for the 91, 182 and 364-day tenors respectively. Discerning investors know that the dividend yield of many stocks remains higher in the short to long-term, regardless of the high risk associated with equity investments.

Meanwhile, Thursday’s trading opened slightly on the downside and rebounded between the mid-morning to midday, before oscillating between in the afternoon on bargain hunting and profit-taking among stocks. In the process, the NSE index was dragged to an intraday low of 27,686.34 basis points, from its high of 27,916.64bps, following which the market closed marginally lower at 27,864.84bps on a negative breadth.
Market technicals on Thursday were weak and mixed, with lower volume traded than the previous session while market breadth favoured the bears on improved buying sentiments as revealed by Investdata’s Sentiment Report, showing 78% ‘buy’ volume and 22% ‘sell’ position. The total transaction volume index stood at 0.43, while the energy behind the day’s performance was seriously weak, with the Money Flow Index dropping to 3.90 points from the previous day’s 8.80 points, indicating that funds exited the market and some stocks.
Index and Market Caps

At the close of trading, the NSEASI shed 13.59bps, closing at 27,864.84bps from its 27.878.43bps opening, representing a 0.05% decline, just as
market capitalization lost N7.08 billion, closing at N14.51 trillion, from the N14.52trillion opening figure, which also represented a 0.05% value loss.
Attention: If you have not signed up for Investdata buy and sell signal setup, don’t delay. We have just added another risk management feature and new stocks of 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 at the current market recovery ahead of full-year earnings reporting 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 impacted by profit-taking in MTNN, Zenith Bank, NEM Insurance, UACN, Law Union and Aiico Insurance among others. This impacted negatively on the NSE’s Year-To-Date gain, which reduced to 3.81%. Market capitalization, YTD, gain stood at N1.55tr, representing 11.99% growth over the year’s opening value.

Mixed Sector Indices
The sectoral performance indexes were largely bullish, except for the NSE Insurance indexes that closed lower respectively, while the Oil/Gas index closed flat.
Market breadth was negative as decliners outnumbered advancers in the ratio of 15:13, while market activities were mixed with volume traded declining slightly by 1.10% to 150,72m share from the previous 152.4m units, while value rose by 14.2% to N2.78bn from the midweek position of N2.44bn. Volume was driven by transactions in Zenith Bank, Flourmills, United Capital, UBA and MTNN.
United Capital and Learn Africa were the best-performing stocks, after gaining 10% and 9.73% to close at N2.86 and N1.24 per share on the strength of earnings expectations and market forces. On the flip side, Law Union and Japual Oil lost 9.84% and 8.33% respectively, closing at N1.10 and N0.22 on profit-taking as released earnings are unsustainable.

Market Outlook
We expect the market to sustain its reversal as the index remains between 50% and 61.8% Fibonacci retracement ahead of more audited earnings hitting the market any moment from today, despite the likely continuation of the mixed intraday movement in the midst of profit-taking, with investors buying increasing position ahead of dividend news. This is also against the backdrop of the fact that the capital wave in the financial market may persist in the midst of relatively low-interest rates in the money market, high inflation and unstable economic outlook for 2020.
Also, investors and traders are positioning in anticipation of the 2019 full-year earnings reports, amidst the changing sentiments in the hope of improved liquidity and positive economic indices which may reverse the current trend.
We see investors focusing on the upcoming full-year earnings season, targeting companies with strong potential to grow their dividend on the strength of their earnings capacity.

Again, 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.
This was noted in the 10 golden stocks and trading ideas for 2020, as discussed extensively during the Investdata 2020 Traders & Investors Summit held in Lagos last December.
Also, traders and investors need to change their strategies, because of the NSE’s pricing methodology, the CBN directives and their impact on the economy in the nearest future.
Meanwhile, the Investdata team welcomes you to a bullish 2020. The home study packs of our Invest 2020 Opportunities and Trade Ideas Summit, containing the 10 Golden Stocks for 2020 are available. To obtain your pack send ‘Yes’ or ‘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/2020/02/mixed-trading-profit-taking-continue-on-ngse-as-cautious-investors-scoop-dividend-stocks/#more

NGSE Indicators May Sustain Reversal, Mixed Trading, Profit-Taking, Ahead Of Dividend News

Market Update for February 11
The Nigerian Stock Exchange’s benchmark All-Share Index signaled the resurgence of new strength at the close of Tuesday’s trading as volatility and mixed performance continued, halting two previous sessions’ of bear-run on gradual improvement in demand for companies with impressive Q4 numbers. Investors also focused on high dividend-paying stocks that are currently undervalued due to recent corrections, just as Tuesday’s pullback coincided with major announcements regarding the demutualization of the NSE, including the change of name to Nigerian Exchange Group Plc and other subsidiary companies (READ MORE) and its transformation from a company by guaranty, as well as the share allocation (READ MORE).

Technically, the market resisted further decline as revealed by the candlestick formation at the end of the trading session, even as the index had broken down the 27,702.30 basis points to test 27,637.33bps before the rebound. The confirmation of this reversal is a function of market forces at Wednesday’s trading session, as a capital wave in the financial market is not favouring equity trading, despite the relatively low interest in the money market. Going by the strongly bearish stand, it can easily be assumed that the said support level will be fully challenged by the bears when the expected full-year corporate earnings start hitting the market.

Meanwhile, Tuesday’s trading opened on the downside into the mid-morning before rebounding between midday and the afternoon on bargain hunting in high cap stocks, a situation that pushed the benchmark index to an intraday high of 27,936.16bps, from its low of 27,637.33bps. It thereafter adjusted up to close the session higher at 27,871.90bps on less than average traded volume.
Market technicals were positive and mixed, as volume traded was higher than the previous session’s in the midst of market breadth favouring the bear and positive buying sentiment as revealed by Investdata’s Sentiment Report showing 78% ‘buy’ volume and 22% ‘sell’ position. The total transaction volume index stood at 0.78, while the energy behind the day’s performance was seriously weak, as the Money Flow Index inched up to 10.08 points from the previous day 9.94 point, indicating that funds enter the market and some stocks

Index and Market Caps
At the close of the day’s trading, the composite NSEASI gained 99.71bps, closing at 27,871.90bps from its 27.773.16bps opening, representing 0.36% gain, just as market capitalization climbed N51.93bn up, closing at N14.52tr, from the N14.46tr opening figure, which also represented a 0.36% value gain.
Attention: If you have not signed up for Investdata buy and sell signal setup, don’t delay. We have just added another risk management feature and new stocks of 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 at the current market recovery ahead of full-year earnings reporting season portfolio reshuffling and repositioning as we await an economic reform policy to stimulate and re-track the economy again.
The session upturn was impacted by positioning taking in low, medium and high cap stocks like, MTNN, Zenith Bank, FBNH, UACN, Lafarge Africa, Oando, Cadbury, Fidelity Bank andJapual Oil, among others, which impacted positively on the NSE’s Year-To-Date gain, as it increase to 3.84%. Market capitalization, YTD, gain inched up to N1.52 trillion, representing 11.32% growth over the year’s opening value.

Bearish Sector Indices
The sectoral performance indexes were largely bearish, except for the NSE Oil/Gas that closed 0.05% higher, while the NSE Consumer Goods led the decliners after losing 1.92%, followed by Insurance and Banking with 0.55% and 0.35% respectively.
Market breadth was negative as decliners outnumbered advancers in the ratio of 17:13, while market activities in volume and value traded inched by 38.92% and 93.21% respectively to 276.27m shares worth N1.92tr, from the previous day’s 200.16m units valued at N1.92bn. Volume was driven by transactions in UBA, Guaranty Trust Bank, Zenith Bank, Japaul Oil, and Ecobank Transnational Incorporated.
The best-performing stocks for the day were UACN and Japual Oil, gaining 9.30% and 8.33%, closing at N9.30 and N0.26 per share, on the strength of earnings expectations and market forces. On the flip side, SKYAVN and Caverton lost 9.89% and 9.89% respectively, closing at N3.37 and N2.65 on selloffs and profit-taking.

Market Outlook
We expect the market to sustain its reversal, despite the likely continuation of the mixed intraday movement in the midst of profit-taking, with investors buying in the dip ahead of dividend news. This is also against the backdrop of the fact that the capital wave in the financial market may persist in the midst of the unstable economic outlook for 2020.
Also, investors and traders are positioning in anticipation of the 2019 full-year earnings reports, amidst the changing sentiments in the hope of improved liquidity and positive economic indices which may reverse the current trend.
We see investors focusing on the upcoming full-year earnings season, targeting companies with strong potential to grow their dividend on the strength of their earnings capacity.

Again, 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.
This was noted in the 10 golden stocks and trading ideas for 2020, as discussed extensively during the Investdata 2020 Traders & Investors Summit held in Lagos last December.
Also, traders and investors need to change their strategies, because of the NSE’s pricing methodology, the CBN directives and their impact on the economy in the nearest future.
Meanwhile, the Investdata team welcomes you to a bullish 2020. The home study packs of our Invest 2020 Opportunities and Trade Ideas Summit, containing the 10 Golden Stocks for 2020 are available. To obtain your pack send ‘Yes’ or ‘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/2020/02/ngse-indicators-may-sustain-reversal-mixed-trading-profit-taking-ahead-of-dividend-news/#more

Investdata Daily Sentiment Report as of February 14, 2020

NSEASI buy 78% sell 22% MFI 3.90
Access buy � MFI 22.93
Afrprud buy 0% volume index 3.58 MFI 29.31
Fbnh buy � MFI 26.72
Fcmb buy 0% MFI 52.11
Fidelity buy � MFI 40.47
Fmn buy � volume index 6.30 MFI 77.76
GT buy � MFI 26.13
Honyflour buy 0% MFI 47.59
Sterling buy � volume index 0.82 MFI 30.43
Transcorp buy � MFI 14.06
Uacn buy � MFI 45.71
Uba buy � MFI 24.22
Ucap buy � volume index 5.02 MFI 52.21
Wapic buy � MFI 41.36
Wema buy � volume index 0.78 MFI 31.07
Zenith buy 71% sell 29% MFI 37.01

https://investdataltd..com/2020/02/investdata-daily-sentiment-report-as-of_14.html

Market Update for the Month ended Month 31 and outlook for February 2020

Hello Investors and Traders,

A lot really happened last week. Especially, in the aspect of the monetary policies by the CBN.

As a result, I took my time to respond to the event because that is the only way to ensure that you make the right decision.

Usually, I would have highlighted what is in the video however, I won't do it again because I want you to go through every aspect of the Market Update for the week ended. I mentioned some vital and crucial points that will help you with the easy decision making in February.

So, click on the above video to watch now.

Less I forget, on February 8, 2020, I will behold the Invest 2020 Summit at Emerald Hotel Limited, 193, Aba Road, Rumuola, PortHarcourt. Time:10am. So, call 08028164085,08032055467

However, if you cannot attend, you can get the INVEST 2020 SUMMIT Home Study pack. Everything has been done there. Call 08028164085,08032055467 to place your order and get started immediately.

Ambrose Omordion


https://www.youtube.com/watch?v=N60TWsEXO7Y

Market Update for the Month ended Month 31 and outlook for February 2020

Hello Investors and Traders,

A lot really happened last week. Especially, in the aspect of the monetary policies by the CBN.

As a result, I took my time to respond to the event because that is the only way to ensure that you make the right decision.

Usually, I would have highlighted what is in the video however, I won't do it again because I want you to go through every aspect of the Market Update for the week ended. I mentioned some vital and crucial points that will help you with the easy decision making in February.

So, click on the above video to watch now.

Less I forget, on February 8, 2020, I will behold the Invest 2020 Summit at Emerald Hotel Limited, 193, Aba Road, Rumuola, PortHarcourt. Time:10am. So, call 08028164085,08032055467

However, if you cannot attend, you can get the INVEST 2020 SUMMIT Home Study pack. Everything has been done there. Call 08028164085,08032055467 to place your order and get started immediately.

Ambrose Omordion


https://www.youtube.com/watch?v=N60TWsEXO7Y

Market Update for the Month ended Month 31 and outlook for February 2020

Hello Investors and Traders,

A lot really happened last week. Especially, in the aspect of the monetary policies by the CBN.

As a result, I took my time to respond to the event because that is the only way to ensure that you make the right decision.

Usually, I would have highlighted what is in the video however, I won't do it again because I want you to go through every aspect of the Market Update for the week ended. I mentioned some vital and crucial points that will help you with the easy decision making in February.

So, click on the above video to watch now.

Less I forget, on February 8, 2020, I will behold the Invest 2020 Summit at Emerald Hotel Limited, 193, Aba Road, Rumuola, PortHarcourt. Time:10am. So, call 08028164085,08032055467

However, if you cannot attend, you can get the INVEST 2020 SUMMIT Home Study pack. Everything has been done there. Call 08028164085,08032055467 to place your order and get started immediately.

Ambrose Omordion


https://www.youtube.com/watch?v=N60TWsEXO7Y

Market Update for the Month ended Month 31 and outlook for February 2020

Hello Investors and Traders,

A lot really happened last week. Especially, in the aspect of the monetary policies by the CBN.

As a result, I took my time to respond to the event because that is the only way to ensure that you make the right decision.

Usually, I would have highlighted what is in the video however, I won't do it again because I want you to go through every aspect of the Market Update for the week ended. I mentioned some vital and crucial points that will help you with the easy decision making in February.

So, click on the above video to watch now.

Less I forget, on February 8, 2020, I will behold the Invest 2020 Summit at Emerald Hotel Limited, 193, Aba Road, Rumuola, PortHarcourt. Time:10am. So, call 08028164085,08032055467

However, if you cannot attend, you can get the INVEST 2020 SUMMIT Home Study pack. Everything has been done there. Call 08028164085,08032055467 to place your order and get started immediately.

Ambrose Omordion


https://www.youtube.com/watch?v=N60TWsEXO7Y

Market Update for the Month ended Month 31 and outlook for February 2020

Hello Investors and Traders,

A lot really happened last week. Especially, in the aspect of the monetary policies by the CBN.

As a result, I took my time to respond to the event because that is the only way to ensure that you make the right decision.

Usually, I would have highlighted what is in the video however, I won't do it again because I want you to go through every aspect of the Market Update for the week ended. I mentioned some vital and crucial points that will help you with the easy decision making in February.

So, click on the above video to watch now.

Less I forget, on February 8, 2020, I will behold the Invest 2020 Summit at Emerald Hotel Limited, 193, Aba Road, Rumuola, PortHarcourt. Time:10am. So, call 08028164085,08032055467

However, if you cannot attend, you can get the INVEST 2020 SUMMIT Home Study pack. Everything has been done there. Call 08028164085,08032055467 to place your order and get started immediately.

Ambrose Omordion


https://www.youtube.com/watch?v=N60TWsEXO7Y

Market Update for the Month ended Month 31 and outlook for February 2020

Hello Investors and Traders,

A lot really happened last week. Especially, in the aspect of the monetary policies by the CBN.

As a result, I took my time to respond to the event because that is the only way to ensure that you make the right decision.

Usually, I would have highlighted what is in the video however, I won't do it again because I want you to go through every aspect of the Market Update for the week ended. I mentioned some vital and crucial points that will help you with the easy decision making in February.

So, click on the above video to watch now.

Less I forget, on February 8, 2020, I will behold the Invest 2020 Summit at Emerald Hotel Limited, 193, Aba Road, Rumuola, PortHarcourt. Time:10am. So, call 08028164085,08032055467

However, if you cannot attend, you can get the INVEST 2020 SUMMIT Home Study pack. Everything has been done there. Call 08028164085,08032055467 to place your order and get started immediately.

Ambrose Omordion


https://www.youtube.com/watch?v=N60TWsEXO7Y

Market Update for the Month ended Month 31 and outlook for February 2020

Hello Investors and Traders,

A lot really happened last week. Especially, in the aspect of the monetary policies by the CBN.

As a result, I took my time to respond to the event because that is the only way to ensure that you make the right decision.

Usually, I would have highlighted what is in the video however, I won't do it again because I want you to go through every aspect of the Market Update for the week ended. I mentioned some vital and crucial points that will help you with the easy decision making in February.

So, click on the above video to watch now.

Less I forget, on February 8, 2020, I will behold the Invest 2020 Summit at Emerald Hotel Limited, 193, Aba Road, Rumuola, PortHarcourt. Time:10am. So, call 08028164085,08032055467

However, if you cannot attend, you can get the INVEST 2020 SUMMIT Home Study pack. Everything has been done there. Call 08028164085,08032055467 to place your order and get started immediately.

Ambrose Omordion


https://www.youtube.com/watch?v=N60TWsEXO7Y

Market Update for the Month ended Month 31 and outlook for February 2020

Hello Investors and Traders,

A lot really happened last week. Especially, in the aspect of the monetary policies by the CBN.

As a result, I took my time to respond to the event because that is the only way to ensure that you make the right decision.

Usually, I would have highlighted what is in the video however, I won't do it again because I want you to go through every aspect of the Market Update for the week ended. I mentioned some vital and crucial points that will help you with the easy decision making in February.

So, click on the above video to watch now.

Less I forget, on February 8, 2020, I will behold the Invest 2020 Summit at Emerald Hotel Limited, 193, Aba Road, Rumuola, PortHarcourt. Time:10am. So, call 08028164085,08032055467

However, if you cannot attend, you can get the INVEST 2020 SUMMIT Home Study pack. Everything has been done there. Call 08028164085,08032055467 to place your order and get started immediately.

Ambrose Omordion


https://www.youtube.com/watch?v=N60TWsEXO7Y

Market Update for the Month ended Month 31 and outlook for February 2020

Hello Investors and Traders,

A lot really happened last week. Especially, in the aspect of the monetary policies by the CBN.

As a result, I took my time to respond to the event because that is the only way to ensure that you make the right decision.

Usually, I would have highlighted what is in the video however, I won't do it again because I want you to go through every aspect of the Market Update for the week ended. I mentioned some vital and crucial points that will help you with the easy decision making in February.

So, click on the above video to watch now.

Less I forget, on February 8, 2020, I will behold the Invest 2020 Summit at Emerald Hotel Limited, 193, Aba Road, Rumuola, PortHarcourt. Time:10am. So, call 08028164085,08032055467

However, if you cannot attend, you can get the INVEST 2020 SUMMIT Home Study pack. Everything has been done there. Call 08028164085,08032055467 to place your order and get started immediately.

Ambrose Omordion


https://www.youtube.com/watch?v=N60TWsEXO7Y

Market Update for the Month ended Month 31 and outlook for February 2020

Hello Investors and Traders,

A lot really happened last week. Especially, in the aspect of the monetary policies by the CBN.

As a result, I took my time to respond to the event because that is the only way to ensure that you make the right decision.

Usually, I would have highlighted what is in the video however, I won't do it again because I want you to go through every aspect of the Market Update for the week ended. I mentioned some vital and crucial points that will help you with the easy decision making in February.

So, click on the above video to watch now.

Less I forget, on February 8, 2020, I will behold the Invest 2020 Summit at Emerald Hotel Limited, 193, Aba Road, Rumuola, PortHarcourt. Time:10am. So, call 08028164085,08032055467

However, if you cannot attend, you can get the INVEST 2020 SUMMIT Home Study pack. Everything has been done there. Call 08028164085,08032055467 to place your order and get started immediately.

Ambrose Omordion


https://www.youtube.com/watch?v=N60TWsEXO7Y

Market Update for the Month ended Month 31 and outlook for February 2020

Hello Investors and Traders,

A lot really happened last week. Especially, in the aspect of the monetary policies by the CBN.

As a result, I took my time to respond to the event because that is the only way to ensure that you make the right decision.

Usually, I would have highlighted what is in the video however, I won't do it again because I want you to go through every aspect of the Market Update for the week ended. I mentioned some vital and crucial points that will help you with the easy decision making in February.

So, click on the above video to watch now.

Less I forget, on February 8, 2020, I will behold the Invest 2020 Summit at Emerald Hotel Limited, 193, Aba Road, Rumuola, PortHarcourt. Time:10am. So, call 08028164085,08032055467

However, if you cannot attend, you can get the INVEST 2020 SUMMIT Home Study pack. Everything has been done there. Call 08028164085,08032055467 to place your order and get started immediately.

Ambrose Omordion


https://www.youtube.com/watch?v=N60TWsEXO7Y

Market Update for the Month ended Month 31 and outlook for February 2020

Hello Investors and Traders,

A lot really happened last week. Especially, in the aspect of the monetary policies by the CBN.

As a result, I took my time to respond to the event because that is the only way to ensure that you make the right decision.

Usually, I would have highlighted what is in the video however, I won't do it again because I want you to go through every aspect of the Market Update for the week ended. I mentioned some vital and crucial points that will help you with the easy decision making in February.

So, click on the above video to watch now.

Less I forget, on February 8, 2020, I will behold the Invest 2020 Summit at Emerald Hotel Limited, 193, Aba Road, Rumuola, PortHarcourt. Time:10am. So, call 08028164085,08032055467

However, if you cannot attend, you can get the INVEST 2020 SUMMIT Home Study pack. Everything has been done there. Call 08028164085,08032055467 to place your order and get started immediately.

Ambrose Omordion


https://www.youtube.com/watch?v=N60TWsEXO7Y

Welcome to Bullish of February.

Ambrose Here...

This post is for Serious Investors. If you are not a serious investor, please don't bother to read further because Faith Without Action (Work) is Dead

This is the season we have been waiting for, however, from my years of experience, this is time people sell their positions in the money market to buy into stocks for quick shorter returns especially when dividend yields are high returns benefiting from it and it is because

1. They invested in the materials and training about the Stock Market.

2. They engage one of the best stock consultants and were ready to give it what it takes.

3. They registered into the paid community of serious for more financial education.

4. They registered for premium membership daily …
[2:35 PM, 2/4/2020] Investdata 2: Updated SEC circular on Corporate Reporting

Akintola, Dele (Stanbic IBTC)

The Securities and exchange commission amended Rule 39 which has to do with the filing of the full Year audited financial statement by Public Companies to both the SEC and the Nigerian Stock Exchange (“The NSE”). Before this amendment, Public Companies were NOT required to publish their full-year unaudited results on the floor of the stock exchange. The expectation was that Public Companies would submit their Audited Financial Statements for the prior year, on or before 31 March 2020 of the following year.

What was the Rationale?

The SEC has taken a view that there is a significant gap between when Public Companies last reported their results for a current year (31 October) to when the Audited results will be published (31 March) (about six months). Thus to reduce this gap, and keep the market informed timely of the performance of Public Companies, the SEC has directed all Public Companies to elect one of the following two options:

To file their Full Year Unaudited Results within thirty (30) days after the quarter-end and subsequently file the Audited Results within ninety (90) days after the year-end or;
Not file their Full Year Unaudited Results; however, MUST file their Audited Results within sixty (60) days after the year-end.

There is no nice way to put this - Some companies get away with murder in these markets. This has destroyed minority shareholders’ confidence especially because companies get away with blatant unethical practices and no one is being brought to book to face the music. The relatively lax regulatory environment led to the loss of personal and institutional capital across all spectrums of investors. I strongly believe the intent of the SEC in this regard with this amendment comes from a good place and it is a good starting point to look for a way to curb market malpractices. It is probably not perfect in its current form depending on who is looking at it. It is, however, a welcome development and there is room for adjustments but I would not shut it down completely. We suspect the SEC is probably taking feedback on these amended rules which we believe could be in a pilot phase, it is plausible that the rules could be adjusted in such a manner that it will still achieve the intent for which it was amended in the first place. These amendments are probably a reaction to the continued flouting of the existing rules and SEC felt a need to tighten the nose on erring companies.

There are many cases of erring companies who do not release financial accounts on time or release it after the cut off period or a blatant case where there is simply no sense of urgency from the Management of these companies. I think the SEC needs to up significantly the fine of NGN1mn naira and also the daily rate – for most corporates, it is chicken change and would pay it comfortably. The SEC needs to send a clear and stronger message that timely corporate reporting of financial statements is paramount. For now, we believe it obeys first, complaints later. Any corporate yet to submit their unaudited financials to the NSE by tomorrow 31st of January, 2020 is expected to have its audited accounts hitting the floor of the NSE on the last day of February, 2020. I think the SEC can go further by ensuring that any company that hasn’t reported by a certain deadline must mandatorily release its Management unaudited account on the NSE within 7 days of the end of the deadline. Failure to do that should lead to the suspension of trading on the stock. We gather from some corporates that we speak to that there have been engagements held with the SEC and this is likely a pilot scheme to see the impact then decide whether to continue the practice in the future. Some operators feel that the unaudited accounts will mislead the market especially for investors who are constantly seeking dividend payment.

Specifically to the banks, given that they still need to get CBN approval, the deadline for banks could be 31st March of any given year. In terms of unaudited FY statement, I can also argue that where we see a major deviation of the audited account from the unaudited accounts, it raises a red flag for me in terms of the account practices of such a corporate. Given it is an audit process, we can allow for a 5-10 percent margin for adjustment, anything more than that would tell a lot. Imagine a Bank XYZ had declared NGN10bn of NPLs and at the end of the audit and CBN approval process, NPLs end up at about NGN50bn – Ladies and gentlemen, we have a problem with the internal reporting of the entity.

Happy to hear your thoughts – drop into my inbox.

What was the action? What was amended? (Scroll to page 11 of the attached document for full details)

Amendment to Rule 39 (2):
The annual reports, prepared by the International Financial Reporting Standard (IFRS) shall be filed simultaneously with the Commission, the relevant exchanges (where applicable) and placed on the companies’ websites not later than ninety (90) days after the financial year-end.

Amendment to Rule 39 (6):
The annual report shall state the level of compliance of the public company with the Corporate Governance Guidelines for public companies as may be issued by the Commission from time to time and the Nigerian Code of Corporate Governance, 2018.

Amendment to Rule 39 (7):
Any company that fails to file its annual report with the Commission as in (1) above shall be liable to a fine of N1million and the sum of N25,000 for every day the default continues.


Amendment: Creation of Sub-Rule (
A public company shall not later than thirty calendar days before the due date, apply for an extension of time to file its audited financial statement/annual report. Such application shall state the reason(s) for the inability to file within time and shall be supported with relevant documentary evidence.

In granting the application for extension, the Commission may consider the following:

The occurrence of an unforeseen circumstance
National emergency
Intervention by a government regulatory agency.


Amendment: Creation of Sub-Rule (9)
A public company whose application has been granted for the extension of time to file its audited financial statements under these rules shall be required to publish a notification of its impending failure to file on the due date in a national newspaper and on the company’s website. The reason(s) for the imminent failure to file shall be disclosed in the publications.

Amendment: Creation of sub-rule (10)
Where a public company fails to file its audited financial statements on or before the due date, the Commission may direct that trading on its shares be suspended and may impose any other sanction as it deems fit. Suspension of trading may also apply where a company has been granted an extension but fails to file at the expiration of the extension period.

AMENDMENT TO RULE 41(1)- QUARTERLY REPORT

Amendment:
Public companies shall no later than thirty (30) days from the end of each quarter simultaneously file with the Commission, the relevant securities exchanges (where applicable) and post on the companies’ websites, a quarterly report prepared by the International Financial Reporting Standard (IFRS).

https://investdataltd..com/2020/02/welcome-to-bullish-of-february-2020.html

Negative Sentiments Still, As NGSE Index Tests New Support, Await Trigger To Reverse Trend

Market Update for February 10
Nigeria’s stock market extended its bull trap on Monday with the composite All-Share Index declining further in the midst of mixed earnings reporting season and profit-taking that hit highly capitalized stocks resulting in 14 sessions of decline in the New Year, which almost wiped out another 14 sessions of gains in 2020, leaving investors confused.
The news of coronavirus resurgence, claiming the highest number of lives in one day has heightened outflow pressure in emerging and frontier markets like Nigeria, just as global trade and oil prices fell further.

Technically, the candlestick formation at the end of Monday’s trading session revealed a negative sentiment, which has broken down the 28,000 psychological line to test a new support level of 27,772.16 basis points while awaiting a trigger to reverse the trend. Going by the strongly bearish stand, it can easily be assumed that the said support level will be fully challenged by the bears when the market opens for Tuesday’s trading.
Nevertheless, it should be noted that the current bear-run in the market has dragged several blue-chip prices to an attractive point. On the strength of this, we recommend that traders take advantage of such low prices.
Meanwhile, Monday’s trading started on the upside into the mid-morning before it was short-lived between the midday to the afternoon on profit-taking in high cap stocks that pushed the NSEASI to intraday low of 27,772.16bps, from its high of 28,119.19bps. It thereafter adjusted up slightly to finish the session lower at 27,773.16bps.

Market technicals were negative and mixed, with lower volume traded than the previous session’s in the midst of flat market breadth and negative sentiment as revealed by Investdata’s Sentiment Report showing 100% ‘sell’ volume and 0% ‘buy’ position. The total transaction volume index stood at 0.56, while the momentum behind the day’s performance was seriously weak, as Money Flow Index inched up to 9.94 points from the previous day 9.72points, indicating that funds enter the market but left some stocks.

Index and Market Caps
At the close of Monday’s trading, the benchmark index lost 294.90bps, closing at 27.773.16bps from its 28.067.09bps opening, representing 1.05% decline, just as market capitalization shed N153.6bn, closing at N14.46tr, from the N14.52tr it opened, which also represented a 1.05% value loss.
Attention: If you have not signed up for Investdata buy and sell signal setup, don’t delay. We have just added another risk management feature and new stocks of 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 at the current market recovery ahead of full-year earnings reporting season portfolio reshuffling and repositioning as we await an economic reform policy to stimulate and re-track the economy again.

Monday’s downturn was driven by profit-taking and selloffs in Nestle Nigeria, MTNN, Guaranty Trust Bank, FBNH, UBA, Access Bank, Lafarge Africa, Oando, and Honeywell, among others, which impacted negatively on the NSE’s Year-To-Date gain, reducing it to 3.47%. Market capitalization, YTD, gain dropped to N1.51tr, representing 11.62% growth over the year’s opening value.

Mixed Sector Indices
The sectoral performance indexes were largely bearish, except for the NSE Insurance and Industrial Goods Indexes that closed 0.86% and 0.76% higher respectively, while the NSE Consumer Goods led the decliners after shedding all of 4.72%, followed by Oil/Gas and Banking with 0.55% and 0.54% respectively.

Market breadth was at par as advancers equaled decliners in the ratio of 17:17, while market activities in volume and value traded fell by 34.14% and 69.89% respectively to 200.16m shares worth N1.92bn, from the previous day’s 303.93m units valued at N6.39bn. Volume was driven by transactions in FBNH, Transcorp, Zenith Bank, UACN and Fidelity Bank. Also, the share price of Vitafoam was adjusted for the 42 kobo dividend declared by its board.

Sovereign Trust Insurance and Transnationwide Express were the best-performing stocks of the session, gaining 10% and 9.88%, closing at N0.22 and N0.89 per share, on the strength of the ongoing recapitalization exercise in the industry, and market forces. On the flip side, Nestle Nigeria and Linkage Assurance lost 10% and 9.68% respectively, closing at N1, 242.00 and N0.56 on selloffs and profit-taking.

Market Outlook
We expect a slowdown in losing momentum which will usher in reversal, despite the likely continuation of the mixed intraday movement in the midst of profit-taking, with investors buying in the dip ahead of dividend news. This is also against the backdrop of the fact that capital wave in the financial market may persist in the midst of the unstable economic outlook for 2020.
Also, investors and traders are positioning in anticipation of the 2019 full-year earnings reports, amidst the changing sentiments in the hope of improved liquidity and positive economic indices which may reverse the current trend.
We see investors focusing on the upcoming full-year earnings season, targeting companies with strong potential to grow their dividend on the strength of their earnings capacity.

Again, 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.
This was noted in the 10 golden stocks and trading ideas for 2020, as discussed extensively during the Investdata 2020 Traders & Investors Summit held in Lagos last December.

Also, traders and investors need to change their strategies, because of the NSE’s pricing methodology, the CBN directives and their impact on the economy in the nearest future.
Meanwhile, the Investdata team welcomes you to a bullish 2020. The home study packs of our Invest 2020 Opportunities and Trade Ideas Summit, containing the 10 Golden Stocks for 2020 are available. To obtain your pack send ‘Yes’ or ‘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/2020/02/negative-sentiments-still-as-ngse-index-tests-new-support-await-trigger-to-reverse-trend/#more

Bargain-Hunting In Underpriced, Sound Stocks Ahead, Amidst Attractive Dividend Yields

Market Update for the Week Ended February 7 and Outlook for Feb 10-14
Equity prices on the Nigerian Stock Exchange, last week slumped further, making two trading weeks of market reactions to the decision of the Central Bank of Nigeria CBN) Monetary Policy Committee MPC) to adjust the industry’s Cash Reserve Requirement for banks in the country. This was made worse by reactions to the mixed to emerging earnings reports as listed companies file their unaudited Q4 numbers without any dividend announcements yet.

This situation, coupled with the Coronavirus threats which triggered selloffs by foreign fund managers in many emerging markets in the early days of the week, further heightened concerns among investors following the recent US visa ban on Nigerians in the face of rising insecurity and the slow economic recovery. The lack of real coordination between the fiscal and monetary policy authorities in the country has not helped matters, with no complementary action to all the unconventional policy actions of the CBN to boost national productivity.
Last week, the Nigerian stock market, in four trading days, was bearish, closing just one day in green as it attempted to rebound but gave up in the aftermath of continued sell pressure. In the process, investors seemingly ignored the first audited full-year result for the financial year-end December 2019 presented by Infinity Trust Mortgage Bank during the week, along with the offer to pay 0.035 kobo (three and a half kobo) dividend to its shareholders. This corporate action ushered in the all-expected dividend announcement likely to trigger ‘buy’ interests again, as more early filers release their audited accounts in the coming weeks.

Meanwhile, despite the excess liquidity witnessed during the week owing to the maturity of investments in the CBN Open Market Operation and Treasury Bills windows, more of which would mature in this new week. This is likely to further crash money market rates, and in the process trigger profit-taking in fixed income instruments like bonds and commercial papers. This is because investors may not rollover their positions, but hold cash or look the way of the equity market for the short-term, especially now that the corporate results with dividend declaration have kicked off.
It is also important and interesting to note, when investors respond in a manner opposite to the general expectation, such subtle indications often reveal the minds of market players, because at such times perhaps, many are feeling a bit less adventurous towards taking investment risks. If such sentiment carries the day, then it might be a good time for investors to look the way of defensive stocks with strong fundamentals, which are selling below their book and fair value.

However, major stock markets of the world recorded positive outings last week, driven by a number of developments that suppressed the weak sentiments of the previous week, created by the ravaging effects of Coronavirus, the new virus from China. Top among these developments was China’s announcement of a slash in tariffs imposed on some goods from the U.S, as well as the positive labour data. The effects of these were however dampened by concerns over the economic spillover of the zero growth prediction in China in the New Year that would impact negatively on the U.S and others, due to the global interconnectivity

Movement Of NSEASI
The composite NSE All-Share Index closed for the first trading session of the week on a negative note, losing 1.08%, a trend that was sustained till midweek with the index shedding 0.35% and 1.19% respectively. The market attempted to rebound on Thursday by gaining 0.17% but gave up on Friday, losing 0.26% due to continued ‘sell’ pressure to wrap-up the week on negative sentiments.
The NSEASI, which opened the week at 28,843.53 basis points, touching an intra-week high of 28,843.53 basis points and low of 27,949.15bps on an increasing ‘sell’ pressure and profit booking in all sectors except Insurance, closed the week at 28,067.09bps, representing a 2.69% decline on a lower traded volume. Also, market capitalization fell to N14.62tr, from N15.2tr, representing a 1.61% value loss. This was lower than the rate of decline in the index, due to the effects of the additional 2.26bn ordinary shares of Abbey Mortgage listed on the NSE (READ MORE); a well as the right issue issues shares of International Breweries (READ MORE).

The week’s Advancers’ table was dominated by low cap stocks, as sell pressure hit medium and large companies as repositioning in high Dividend Yield stocks continued in the midst unaudited and mixed corporate earnings that impacted the week negatively while investors cautiously awaited the release of audited accounts and corporate actions.
Also, the prevailing negative sentiment was evident in market breadth that was down during the period, with decliners outpacing advancers in the ratio of 49:15. The momentum behind the week’s performance was strong despite sliding down marginally, as revealed by the Money Flow Index of 73.60bps, compared to the 75.46bps of the previous week.
The low volume of trade resulted from indecision among market players ahead of the release of audited 2019 full-year scorecards, even as Investdata’s Sentiment Report for the week was negative at 13% ‘buy’ volume, and 87% ‘sell’ position, on a transaction volume index of 1.19.

NSEASI Weekly Time Frame
Technically, the NSE is pulling back and this trend is likely to continue unless positive audited accounts with dividend declaration start hitting the market next week as many fund managers are holding cash in expectation of economic data like January inflation and Q4 2019 GDP reports slated for February 17 and 24 respectively. This will determine which windows they will be looking at equity or fixed income market as assets repricing persist in the financial market.

The negative sentiment behind the NSE Index price action and trading pattern for the week remained dicey despite the earnings expectations that support a reversal in trend. The index touched 27,949.15bps within the period, an indication of wake inflow into the market as institutional investors and fund managers position for the last two weeks is weak ahead of the audited earnings season.
MACD remains bullish on the weekly chart and bearish on a Daily Timeframe, with the composite NSE index sustaining a downward movement that signals a slowdown in the recent recovery as selloffs and profit-taking persist at the end of the first trading week of February.
The NSE’s benchmark index on a weekly time frame is trading above its 50-Day Moving Average, The Relative Strength Index read 50.53, indicating relative strength. However, Money Flow is reading 73.60 points and looking down on the weekly chart which is an indication that funds are leaving the market and individual stocks.

BearishSectoral Indices
All the sectorial performance indexes for the week were down, except for the NSE Insurance that closed marginally up at 0.23%, while the NSE Industrial Goods Index led the decliners, after losing 4.07%, followed by the NSE Oil/Gas, Consumer Goods and Banking indexes that were down by 3.05% 2.23% and 1.51%, respectively.
Market activities, in terms, of volume and value for the week were down by 5.13% and 22.13% respectively, as investors exchanged 1.48bn shares worth N20.3bn, as against the previous week’s 1.56bn units valued at N26.07bn. This volume was mainly driven by trades in financial services stocks, especially in Zenith Bank, FBN Holdings and Guaranty Trust Bank.
The best-performing stocks of the week were Law Union & Rock Insurance and UBN, which topped the advancers’ chart after gaining 58.57% and 17.80% respectively, closing at N1.11 and N6.95 per share on bargain hunting over the industry consolidation, and sentiments. On the flip side, C & I Leasing and Royal Exchange Assurance lost 26.53% and 16.67% respectively, closing at N5.40 and N0.25 per share on selloffs.

Market Outlook
We expect more corporate earnings release to dictate the market direction in the midst of profit-taking and repositioning by market players, as more OMO and bond investments mature, making more funds available for equity investment, despite the fact that funds managers are holding on to cash. This is just as more liquidity finds its way to high Dividend Yield stocks with sound fundamentals, which will also be based on a seemingly positive outlook for the domestic economy, despite the mixed outlook for 2020 from various analysts.
Discerning investors, nonetheless, should take advantage of the current low stocks valuation to position for medium to long-term. It is noteworthy that the market is selling at a discount and therefore offers high upside potential.

We should, however, not overlook the possibility of a bargain-hunting motive supporting positive performance, especially with many fundamentally sound stocks remaining underpriced. With a dividend yield of major blue-chips continuing to look attractive in recent weeks, we expect speculative trading to shape the market’s direction, despite the seeming mixed outlook.
Again, the current undervalued state of the market offers investors opportunities to position for the short to long-term, which is why investors should target fundamentally sound and dividend-paying stocks for possible capital appreciation in the New Year. This was noted in the 10 golden stocks and trading ideas for 2020, as discussed extensively during the Investdata 2020 Opportunities & Trade Ideas Summit.
Also, traders and investors need to change their strategies, because of the NSE’s pricing methodology, CBN directives and its impact on the economy in the nearest future.

Meanwhile, we thank all the participants of the PHC Invest 2020 Summit last weekend, as we also welcome you all to a bullish 2020. The home study packs of Invest 2020 Opportunities and Trade Ideas Summit containing the 10 Golden Stocks for 2020 are available with an average return of 13.37% in less than 30 days. To obtain your pack send ‘Yes’ or ‘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/2020/02/bargain-hunting-in-underpriced-sound-stocks-ahead-amidst-attractive-dividend-yields/#more

Pullback, Profit-taking May Slowdown, As Investors Position Amidst Market Correction

Market Update for February 3
The benchmark All-Share index of the Nigerian Stock Exchange (NSE) again closed significantly lower on Monday, the first trading session of the month and week, amidst the spread of the coronavirus, while falling oil prices at the international market threaten the global stock markets and economy.

The NSE’s index extended its losing streak for the sixth consecutive day, reflecting apparent concerns among investors over the recent U.S visa ban on Nigeria and the lingering insecurity in the country, as the monetary and fiscal authorities fail to align their policies for a clear economic direction. Add these to the general pattern of the unaudited Q4 and 2019 full-year results released, which are confusing to many investors, given the mixed numbers and the fact that no dividend has been declared so far by December 31 year-end companies.
It is a dicey market at the moment, as negative sentiments of last week extended in the midst of mixed technicals and fundamentals as more companies release their unaudited financial positions which have so far served as an eye-opener to investors. The market is on a correction wave of previous projections and expectations by investors upon which several positions were based before now.
This suggests that the market may remain dull until announcements about dividend payments begin, at a time Money Flow Index has dropped significantly in the last one week, revealing that funds have exited the market significantly, despite rising slightly to read 33.27 from the previous 30.14.

Meanwhile, Monday’s trading started on the downside and was sustained throughout the day on continued negative sentiments and selloffs that pushed the benchmark Index to an intraday low of 28,389.60 basis points, from its high of 28,843.53bps. It thereafter retraced up slightly, before closing lower at 28,533.40bps on a low traded volume.
Market technicals were negative and weak, with volume traded lower than the previous session’s, in the midst of negative market breadth and mixed sentiments as revealed by Investdata’s Sentiment Report showing 68% ‘sell’ volume and32% ‘buy’ position. The day’s total transaction volume index stood at 0.70, while the momentum behind the day’s performance was weak, despite the slight increase in Money Flow Index, an indication that funds left the market, but entered some stocks.

Index and Market Caps
At the end of Monday’s trading, the composite NSEASI lost 310.13bps, closing at 28,533.40bps, from the 28.843.53bps opening, representing 1.08% decline, just as market capitalization depreciated by N159.75bn, closing at N14.7tr, from an opening value of N14.86tr, representing a 1.08% value loss in investors’ portfolios.
Attention: If you have not signed up for Investdata buy and sell signal setup, don’t delay. We have just added another risk management feature and new stocks of 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 at the current market recovery ahead of full-year earnings reporting season portfolio reshuffling and repositioning as we await an economic reform policy to stimulate and re-track the economy again.
The continued decline was impacted by selloffs in banking stocks, especially Guaranty Trust Bank, Zenith Bank, Access Bank, FBN Holdings, Fidelity Bank, FCMB, Forte Oil, Cadbury, Lafarge Africa, among others, which impacted negatively on the NSE’s Year-to-Date gain, reducing it to 6.30%. Market capitalization, YTD, drop to N1.74tr, representing a 13.42% growth over the year’s opening value.

Bearish Sector Indices
All the sectoral performance indexes were down, led by NSE Banking, with lost 3.85%, followed by Industrial Goods with 1.25%; Oil/Gas, Insurance and Consumer goods with 0.77%, 0.14% and 0.07% respectively.
Market breadth remained negative as decliners outnumbered advancers in the ratio of 24:8, while market activities, in terms of volume and value, dropped by 27.83% and 25.18% respectively to 251.6m shares worth N3.15bn, as against the previous 348.61m units valued at N4.21bn. Volume was driven by transactions in Zenith Bank Guaranty Trust Bank, FCMB, UBA and FBNH.
Law Union & Rock Insurance and Honeywell Flour were the best-performing stocks, gaining 10% and 9.28% respectively to close at N0.77 and N1.08 per share, on market forces and improved sentiments. On the flip side, NCR Nigeria and Forte Oil were the biggest laggards, shedding 9.97% and 9.95% respectively, closing at N2.98 and N18.55 on selloffs and market forces.

Market Outlook
We expect this pullback to slow down despite the likely continuation of the mixed intraday movement in the midst of profit-taking and positioning by investors taking advantage of the correction ahead of dividend news. This is also against the backdrop that capital wave in the financial market may persist in the midst of the unstable economic outlook for 2020.
Also, investors and traders are positioning in anticipation of the 2019 full-year earnings reports, amidst the changing sentiments in the hope of improved liquidity and positive economic indices which may reverse the current trend.
We see investors focusing on the upcoming of the full-year earnings season, targeting companies with strong potential to grow their dividend on the strength of their earnings capacity.

Again, 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.
This was noted in the 10 golden stocks and trading ideas for 2020, as discussed extensively during the Investdata 2020 Traders & Investors Summit held in Lagos last December.
Also, traders and investors need to change their strategies, because of the NSE’s pricing methodology, the CBN directives and their impact on the economy in the nearest future.
Meanwhile, the Investdata team welcomes you to a bullish 2020. The home study packs of Invest 2020 Opportunities and Trade Ideas Summit containing the 10 Golden Stocks for 2020 are available. To obtain your pack send ‘Yes’ or ‘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/2020/02/pullback-profit-taking-may-slowdown-as-investors-position-amidst-market-correction/

NGSE May Sustain Seeming Reversal, As Mixed Intraday Movement, Profit-Taking Continue

Market Update for February 6
Trading on the Nigerian Stock Exchange on Thursday was very volatile and mixed but halted eight straight days of decline as the benchmark NSE All-Share index closed marginally up on an above-average traded volume and improved buying interests in financial service stocks.
Recall that on Tuesday we talked about two factors to watch that would likely dictate market sentiment and direction in the coming days- the audited earnings reports accompanied with dividend declaration and the rates of return in other investment outlets. It is clear that expectations of improved earnings and payout have triggered a demand for banking stocks again after they had suffered losses in recent times, as the market prepares to welcome their full-year numbers any moment from next week. More companies have, nonetheless, continued to publish their unaudited reports and closed period as signs of plans for the early filing of their audited accounts.

Technically, candlestick formation at the end of Thursday’s trading signaled the possibility of a reversal, which is a function of market forces and needs to be confirmed and followed through in the coming days. It is important to also understand that the market may be triggered by impressive financials and payout as all eyes are now on the audited results.
Indeed, the Presidential Economic Advisory Council team met with President Muhammadu Buhari on Thursday and members reechoed the position of Investdata and other financial market analysts on the lack of coordination between the country’s monetary and fiscal policy, leading to a misalignment. This, they told the president, has been extended to Federal Ministries, Department, and Agencies, as shown in the absence of teamwork which has resulted in sluggish economic growth and recovery (READ MORE). The mismatch in government policies, has been further worsened by the unconducive business environment, which has made them relatively low-interest rate inconsequentially and unable to propel the anticipated boost in productivity, and job creation, twin factors that should oil the macro-economy, thereby enhancing the living standard of Nigerians

Thursday’s trading opened on the upside and was sustained till early afternoon, before pulling back and oscillating in the last few minutes of the session on intraday profit booking which cut some of the early gains especially by banking stocks. This pushed the NSEASI to intraday high of 28,385.36 basis points, from its low of 27.949.15bps. It thereafter finished the session slightly higher than it opened at 28,140.41bps.
Market technicals were positive and mixed, with lower volume traded than the previous session’s in the midst of market breadth that favoured the bulls and mixed sentiment as revealed by Investdata’s Sentiment Report showing 56% ‘sell’ volume and 44% ‘buy’ position. The day’s total transaction volume index stood at 0.88, while the impetus behind the day’s performance was seriously weak, with Money Flow Index falling to 16.65 points from the previous day 24,84point, indicating that funds exited the market and some stocks.

Index and Market Caps
At the end of Thursday’s trading, the benchmark index gained a marginal 46.65bps, closing at 28,140.41bps from its 28.032.23bps opening, representing 0.17% rise, just as market capitalization gained N26.41bn, closing at N14.5tr, from an opening value of N14.47tr, representing a 0.18%. This followed Thursday’s listing of additional 2.26bn ordinary shares of 50 kobo each at N1.05 per unit in favour of Abbey Mortgage Bank (READ MORE).
Attention: If you have not signed up for Investdata buy and sell signal setup, don’t delay. We have just added another risk management feature and new stocks of 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 at the current market recovery ahead of full-year earnings reporting season portfolio reshuffling and repositioning as we await an economic reform policy to stimulate and re-track the economy again.
The upturn was impacted by ‘buy’ interest in Guaranty Trust Bank, FBNH, Zenith Bank, UBA, Access Bank, ETI, Oando, UACN, Vitafoam, and Honeywell, among others, which impacted negatively on the NSE’s Year-To-Date gain, reducing it to 4.84%. Market capitalization, YTD gain, dropped to N1.52tr, representing 11.88% growth over the year’s opening value.

Mixed Sector Indices
The sectoral performance indexes were largely bullish, except for the NSE Industrial and Consumer goods Indexes that closed 1.87% and 0.12% lower respectively, while the NSE Banking led the advancers after gaining 3.32%, followed by Insurance and Oil/Gas with 0.11% and 0.07% respectively.
Market breadth turned positive as advancers outnumbered decliners in the ratio of 20:15, while market activities in volume and value traded fell by 9.43% and 19.86% respectively to 317.19m shares worth N3.43bn, from the previous day’s 350.21m units valued at N4.28bn. Volume was driven by transactions in FBNH, FCMB, Zenith Bank, UBA and Nigerian Breweries.
Law Union Insurance and Wema Bank were the best-performing stocks of the session, gaining 9.78% and 7.58% to close at N1.01 and N0.71 per share, on the ongoing recapitalization exercise in the industry, and earnings expectation. On the flip side, SKYAVN and C & I Leasing lost 9.88% and 9.775 respectively, closing at N3.74 and N6.00 on selloffs and profit-taking.

Market Outlook
We expect the seeming reversal to be sustained, despite the likely continuation of the mixed intraday movement in the midst of profit-taking, with investors buying in the dip ahead of dividend news and declaration. This is also against the backdrop of the fact that capital wave in the financial market may persist in the midst of the unstable economic outlook for 2020.
Also, investors and traders are positioning in anticipation of the 2019 full-year earnings reports, amidst the changing sentiments in the hope of improved liquidity and positive economic indices which may reverse the current trend.
We see investors focusing on the upcoming of the full-year earnings season, targeting companies with strong potential to grow their dividend on the strength of their earnings capacity.

Again, 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.
This was noted in the 10 golden stocks and trading ideas for 2020, as discussed extensively during the Investdata 2020 Traders & Investors Summit held in Lagos last December.
Also, traders and investors need to change their strategies, because of the NSE’s pricing methodology, the CBN directives and their impact on the economy in the nearest future.
Meanwhile, the Investdata team welcomes you to a bullish 2020. The home study packs of our Invest 2020 Opportunities and Trade Ideas Summit, containing the 10 Golden Stocks for 2020 are available. To obtain your pack, send ‘Yes’ or ‘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/2020/02/ngse-may-sustain-seeming-reversal-as-mixed-intraday-movement-profit-taking-continue/#more

Investdata Daily Sentiment Report as of February 11, 2020

NSEASI buy 0% MFI 9.94
Access buy 0% MFI 24.51
Afrprud buy � volume index 1.09 MFI 37.76
Chams buy � volume index 1.09 MFI 60.14
Eterna buy 50% sell 50% volume index 11.97 MFI 0.00
Fbnh buy 0% volume index 1.55 MFI 21.59
Fcmb buy 20% sell 80% MFI 54.29
Fidelity buy 50% sell 50% volume index 1.13 MFI 32.98
Honyflour buy 0% MFI 54.16
Jaiz buy 50% sell 50% MFI 44.16
Jberger buy 0% MFI 93.86
Lasaco buy � MFI 35.90
Lawunion buy � MFI 98.55
Lvstk buy 20% sell 80% volume index 4.69 MFI 92.39
M&B buy � volume index 3.07 MFI 0.00
Nahco buy � MFI 63.19
Npf buy � volume index 1.58 MFI 11.45
Oando buy 0% volume index 1.48 MFI 46.33
Prestige buy � volume index 3.57 MFI 61.00
Sovereins buy � volume index 13.33 MFI 93.48
Transcorp buy 83% sell 17% volume index 1.27 MFI 20.90
Uacn buy � volume index 2.49 MFI 43.79
Uba buy 0% MFI 27.93
Ucap buy � MFI 11.79
Wapco buy 0% MFI 40.66
Zenith buy 25% sell 75% MFI 32.39

https://investdataltd..com/2020/02/investdata-daily-sentiment-report-as-of_11.html

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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 market recovery ahead of full-year earnings reporting season portfolio reshuffling and repositioning as we await an economic reform policy to stimulate and re-track the economy again

Market Outlook
We expect a change in trend, despite the likely continuation of the mixed intraday movement in the midst of profit-taking, with investors buying in the dip ahead of dividend news and declaration. This is also against the backdrop of the fact that capital wave in the financial market may persist in the midst of the unstable economic outlook for 2020.

Also, investors and traders are positioning in anticipation of the 2019 full-year earnings reports, amidst the changing sentiments in the hope of improved liquidity and positive economic indices which may reverse the current trend.
We see investors focusing on the upcoming of the full-year earnings season, targeting companies with strong potential to grow their dividend on the strength of their earnings capacity.

Again, 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.

This was noted in the 10 golden stocks and trading ideas for 2020, as discussed extensively during the Investdata 2020 Traders & Investors Summit held in Lagos last December.
Also, traders and investors need to change their strategies, because of the NSE’s pricing methodology, the CBN directives and their impact on the economy in the nearest future.

Meanwhile, the Investdata team welcomes you to a bullish 2020. The home study packs of Invest 2020 Opportunities and Trade Ideas Summit containing the 10 Golden Stocks for 2020 are available. To obtain your pack send ‘Yes’ or ‘Stock’ to 08028164085, 08032055467, 08111811223 now.