₦airaland Forum

Investdata Weekly Sentiment Report for week ended January 11th, 2019

NSEASI buy 94% sell 6% volume index 1.97 MFI 64.61
Access buy 29% sell 71% volume index 1.50 MFI 80.75
Afrprud buy 5% sell 95% volume index 1.05 MFI 68.17
Aiico buy 83% sell 17% volume index 6.17 MFI 68.66
Cap buy � MFI 1.49
Caverton buy 76% sell 24% volume index 1.55 MFI 62.16
Chams buy 50% sell 50% volume index 0.80 MFI 69.60
Chiplc buy � MFI 48.37
Cileasing buy � volume index 0.95 MFI 29.08
Conoil buy 97% sell 3% volume index 1.93 MFI 89.95
Corner buy 0% MFI 69.74
Courtville buy 0% volume index 0.95 MFI 83.19
Custodian buy 0% volume volume 0.84 MFI 31.55
Cutix buy � volume index 0.71 MFI 67.51
Dangcem buy 78% sell 22% volume index 2.15 MFI 38.48
Dangsugar buy 25% sell 75% volume index 2.40 MFI 89.79
Eti buy 36% sell 64% volume index 2.32 MFI 45.01
Fbnh buy 95% sell 5% volume index 2.32 MFI 65.87
Fcmb buy 23% sell 77% volume index 4.76 MFI 62.44
Fidelity buy 44% sell 56% volume index 2.87 MFI 74.15
Fidson buy 71% sell 29% volume index 6.81 MFI 31.09
Fmn buy 67% sell 33% volume index 4.77 MFI 95.97
Fo buy 0% volume index 0.73 MFI 66.52
Glaxo buy 25% sell 75% volume index 5.26 MFI 10.58
GT buy 59% sell 41% volume index 0.83 MFI 58.49
Honyflour buy 67% sell 33% volume index 1.13 MFI 89.63
Jaiz buy 15% sell 85% volume index 0.73 MFI 89.61
Japaul buy 50% sell 50% volume index 2.03 MFI 23.16
Jberger buy � volume index 6.43 MFI 100.00
Lasaco buy 33% sell 67% volume index 2.97 MFI 62.11
Lawunion buy 0% MFI 70.28
Learn buy � volume index 1.18 MFI 40.60
Lvstk buy � volume index 1.83 MFI 69.35
Mansard buy � MFI 77.00
M&B buy � MFI 91.30
Mtnn buy 68% sell 32% volume index 2.35 MFI 36.32
Nahco buy 90% sell 10% volume index 4.31 MFI 69.23
Nascon buy 95% sell 5% volume index 1.90 MFI 71.67
Nem buy 0% MFI 66.12
Npf buy � volume index 1.24 MFI 62.85
Oando buy 36% sell 64% volume index 2.74 MFI 62.80
Okomu buy � volume index 6.98 MFI 89.19
Presco buy 98% sell 2% volume index 13.30 MFI 93.39
Pz buy � volume index 2.16 MFI 44.69
Sovereins buy � volume index 1.57 MFI 82.79
Stanbic buy � MFI 71.39
Sterling buy 11% sell 89% volume index 1.00 MFI 83.30
Total buy 0% volume index 2.65 MFI 0.00
Transcorp buy 67% sell 33% volume index 2.87 MFI 53.94
Uacp buy 33% sell 67% MFI 88.78
Uacn buy � volume index 1.18 MFI 91.64
Uba buy 47% sell 53% volume index 4.30 MFI 78.22
Ubn buy 62% sell 38% volume index 2.47 MFI 18.57
Ucap buy 56% sell 44% volume index 3.07 MFI 64.85
Unilever buy 13% sell 87% volume index 2.57 MFI 36.51
Uniondac buy 0% MFI 1.63
Unity buy 8% sell 92% volume index 3.35 MFI 51.53
Upl buy 0% volume index 2.72 MFI 41.68
Vitafoam buy � volume index 2.72 MFI 75.97
Wapco buy 62% sell 38% volume index 2.32 MFI 62.43
Wapic buy 33% sell 67% volume index 8.50 MFI 81.45
Wema buy 0% MFI 72.97
Zenith buy 88% sell 12% volume index 2.16 MFI 59.19

https://investdataltd..com/2020/01/investdata-weekly-sentiment-report-for.html

Fishplus Garden and Events Centre

About Us:
Fishplus Garden and Events Centre is specializing in providing sales and supply of healthy Live catfish and chicken for your daily consumption.

Our fish comes in varieties such as BBQ Croaker Fish, Dry Pepper Fish, Foil Paper Grilled Catfish, and Fresh Fish Pepper soup, etc, to give customers a rich nutritional experience. We understand the importance of a healthy meal, which has prompted us to deliver fresh fish from our farm and homegrown chicken to meet our customer’s everyday needs.

We are located at Igbo-Elerin in a quiet and convenient environment with ease of access from the major road.

• We also have open space for events such as Weddings, Birthdays, meetings and for church services, etc. at an affordable rate with standard equipment such as DJ/Musical Equipment/PA System.
• Our trademark rest upon our ability to continually provide excellent customers service delivery and satisfactory


PRODUCTS AND SERVICES
Kitchen and Bar: Specialize in Fish

• Fresh Fish Pepper Soup N1,500
• Dry Fish Pepper N 500
• Dry fish in Sauce N 500
• BBQ Croaker Fish N 2,000
• Foil Paper Grilled Catfish N 1,500
• Full Chicken with green vegetables N 3,500
• Chicken Pepper Soup N 2,500


Others:
• Fried Meat N 500
• Kpomo N 500
• Nkwuobi N 500

Fishplus Poultry: We sell Eggs in crates and live chickens
• Eggs N 800 per Crate
• Broiler N 3,000 per Chicken
• Old Layers N 1,800 per Chicken

Event Centre: Mostly for wedding, parties and meetings
• Open space for rent N 15,000 for 3hrs
• Roofed space for rent N 20,000 for 3hrs
• DJ/Musical Equipments/PA System for rent N 15,000

Contact Us @
Address
No 4 Akinwande Close, Igbo-Elerin,
Ojo, Lagos

Phone Number
0807 516 3314
0706 533 9996

Website
https://fishplusgarden.business.site/

Fishplus Garden and Events Centre

About Us:
Fishplus Garden and Events Centre is specializing in providing sales and supply of healthy Live catfish and chicken for your daily consumption.

Our fish comes in varieties such as BBQ Croaker Fish, Dry Pepper Fish, Foil Paper Grilled Catfish, and Fresh Fish Pepper soup, etc, to give customers a rich nutritional experience. We understand the importance of a healthy meal, which has prompted us to deliver fresh fish from our farm and homegrown chicken to meet our customer’s everyday needs.

We are located at Igbo-Elerin in a quiet and convenient environment with ease of access from the major road.

• We also have open space for events such as Weddings, Birthdays, meetings and for church services, etc. at an affordable rate with standard equipment such as DJ/Musical Equipment/PA System.
• Our trademark rest upon our ability to continually provide excellent customers service delivery and satisfactory


PRODUCTS AND SERVICES
Kitchen and Bar: Specialize in Fish

• Fresh Fish Pepper Soup N1,500
• Dry Fish Pepper N 500
• Dry fish in Sauce N 500
• BBQ Croaker Fish N 2,000
• Foil Paper Grilled Catfish N 1,500
• Full Chicken with green vegetables N 3,500
• Chicken Pepper Soup N 2,500


Others:
• Fried Meat N 500
• Kpomo N 500
• Nkwuobi N 500

Fishplus Poultry: We sell Eggs in crates and live chickens
• Eggs N 800 per Crate
• Broiler N 3,000 per Chicken
• Old Layers N 1,800 per Chicken

Event Centre: Mostly for wedding, parties and meetings
• Open space for rent N 15,000 for 3hrs
• Roofed space for rent N 20,000 for 3hrs
• DJ/Musical Equipments/PA System for rent N 15,000

Contact Us @
Address
No 4 Akinwande Close, Igbo-Elerin,
Ojo, Lagos

Phone Number
0807 516 3314
0706 533 9996

Website
https://fishplusgarden.business.site/

Our receptionist is open 24/7 for your check-in to our hotel. Likewise, our management team who are available to ensure you have quality time with your stay with us.

For reservation and inquiries, contact us @
0803 301 1791
0808 721 6257

45B, Marine Road, Apapa GRA, 2nd Badagry
Apapa 101254
Lagos
Nigeria

Investdata Weekly Sentiment Report as of January 6th, 2020

NSEASI buy 65% sell 35% volume index 1.16 MFI 56.13
Access buy 94% sell 6% volume index 1.23 MFI 76.19
Afrprud buy � volume index 0.73 MFI 63.31
Aiico buy 0% volume index 2.86 MFI 56.47
Cadbury buy � volume index 1.00 MFI 48.21
Cap buy 98% sell 2% volume index 0.70 MFI 0.44
Chams buy 50% sell 50% MFI 68.42
Chiplc buy 0% MFI 44.31
Cileasing buy � volume index 1.11 MFI 11.05
Conoil buy � MFI 45.16
Corner buy � MFI 66.24
Courtville buy 50% sell 50% MFI 83.93
Cutix buy 0% MFI 63.46
Dangcem buy 15% sell 85% volume index 4.10 MFI 28.93
Dangsugar buy 67% sell 33% MFI 87.46
Eterna buy � MFI 41.69
Eti buy � volume index 0.84 MFI 23.34
Fbnh buy 92% sell 8% volume index 1.41 MFI 53.34
Fcmb buy � volume index 0.95 MFI 48.87
Fidelity buy 54% sell 46% volume index 0.97 MFI 66.31
Fidson buy 27% sell 73% volume index 10.85 MFI 37.51
Fmn buy 17% sell 83% MFI 93.79
Fo buy 0% MFI 70.86
Glaxo buy 0% volume index 2.07 MFI 13.58
GT buy � volume index 0.82 MFI 48.68
Honyflour buy 33% sell 67% volume index 0.72 MFI 89.32
Jaiz buy 67% sell 33% volume index 0.72 MFI 89.32
Japaul buy 50% sell 50% volume index 5.12 MFI 22.68
Lasaco buy 0% MFI 48.97
Learn buy 0% volume index 1.76 MFI 33.30
Linkass buy 0% volume index 0.81 MFI 72.68
Mansard buy � volume index 1.38 MFI 75.74
M&B buy � MFI 91.19
Mben buy � MFI 100.00
Mtnn buy � volume index 1.43 MFI 17.38
Nahco buy 20% sell 80% volume index 1.47 MFI 60.13
Nascon buy 0% MFI 20.43
Neimeth buy 0% volume index 0.70 MFI 64.95
Nem buy � volume index 1.72 MFI 64.61
Oando buy 6% sell 94% volume index 0.74 MFI 52.42
Okomu buy � volume index 0.94 MFI 72.99
Pz buy � volume index 0.78 MFI 33.90
Royalex buy � MFI 98.36
Seplat buy 0% volume index 16.03 MFI 96.29
Stanbic buy 50% sell 50% volume index 1.73 MFI 66.02
Sterling buy � volume index 0.81 MFI 78.09
Transcorp buy 91% sell 9% volume index 2.84 MFI 39.91
Uacp buy 0% MFI 48.86
Uacn buy � MFI 89.15
Uba buy � volume index 2.02 MFI 68.66
Ubn buy 0% volume index 1.43 MFI 26.72
Unilever buy 0% volume index 1.46 MFI 44.76
Unity buy � volume index 3.20 MFI 37.71
Upl buy � MFI 30.36
Vitafoam buy � volume index 2.42 MFI 71.93
Wapco buy 32% sell 68% volume index 0.95 MFI 51.36
Wapic buy � volume index 1.34 MFI 56.49
Wema buy 0% MFI 66.36
Zenith buy 94% sell 6% volume index 0.98 MFI 52.04

https://investdataltd..com/2020/01/investdata-weekly-sentiment-report-as.html

What To Expect On NGSE In Post-Election Year 2020

2020 is another post-election year in the 21-year history of Nigeria’s democratic journey. Data by Investdata Research for the period shows that performance on the NSE has been mixed over the last five post-election years with the benchmark NSE All-Share index recording positive outing in 2000, 2004 and 2012. In those years, the index grew by 52.90%, 15.91%, and 35.70% respectively, while it closed south in 2008 and 2016, after losing 45.77% and 6.17%. Below is the movement of the NSE index.

At the end of trading activities on Thursday, after the public holidays on Wednesday, to mark the new year, the benchmark NSEASI closed positive, after an initial setback.

It is therefore not out of place to attempt an outlook of the nation’s equity market for the year, even as it remains not only mixed but promising given the array of factors capable of driving positive sentiments. It must, however, be noted that there are factors against, which are daily on the increase, ranging from the unstable global economic stance, arising from the U.S-China trade war which has almost extended to other countries. But then, with the first phase of the agreement signed recently, suggesting that the trade tension could end before the end of the 2020Q2.

We expect that the global rates cut and declining yields would stimulate the global economy and manufacturing sector which in turn will favour equity assets, looking at the oscillating price of oil in the international market. The possibility of a further rate cut by the U.S Feds is high if the Q4 GDP does not beat expectations, or meet forecast, a situation expected to redirect funds to emerging and frontier markets.

With many equities on the NSE grossly undervalued, owing to two years of a prolonged bearish market situation, driven by selloffs on the strength of negative sentiments, weak economic fundamentals and mixed scorecards from listed companies, even going into the New Year.

At a time when regulatory moves and economic reforms policies of the government are yielding results by way of the positive macroeconomic indicators as expected, a situation that will support stock market recovery. This will be driven by a low-interest rate regime in the money market and declining yields in the fixed income market, just as the change in the budget cycle to January-December will enhance effective investment planning by businesses. Early implementation of the 2020 budget will definitely have multiplier effects on the Nigerian economy and market. The ongoing insurance sector recapitalization will strengthen the successful companies, while their stocks and earnings will become stronger.

The increasing funds flow into the real sector will boost economic activities needed to drive GDP growth as expected.

Since the government could reopen the borders in no distant time, considering the Africa free trade agreement.

Despite the spike in the inflation rate, the Purchasing Manager Index of 60.8 points in December, an improvement from November’s 59.3points, a sign that activities in the nation’s manufacturing sector expanded faster in the period. This also will reflect in earnings reports of companies, especially in the final quarter of last year.

The downgrade of Nigeria’s economic outlook, as well as some banks, may force the Central Bank of Nigeria to kick-start another round of banking sector recapitalization this year.

We expect the nation’s economic recovery to continue, and project a GDP growth of between 2.10% and 2.40%.

Meanwhile, below is the movement of Nigeria’s GDP over the past six years:

Based on the above, investors should fix their gaze on blue-chip stocks, especially those in sectors such as banking, consumer goods, services, telecom, industrial goods, as well as oil and gas. This is especially true of those companies that had suffered severe losses, as their earnings are likely to come better than the previous fiscal year-end, even as they still have strong earnings power, enough to further drive prices in 2020.

The recent oscillating trend may likely continue this year, but the 2019 full-year earnings reporting season will drive valuation and prices in the short-term and calls for proper timing for position-taking and to exit, so as to protect capital.

Investors should plan their trading and investing activities in the New Year by sticking to trade plans, instructions, and rules while taking advantage of low prices and navigating between opportunities and uncertainties in 2020. These, as well as the “10 Golden Stocks to buy in the New Year,” were extensively discussed at our INVEST 2020 Opportunities & Trade Ideas Summit (live class), which are available in the home study packs you can play on phones and laptops.

All things considered, this is the time to effectively combine fundamentals and technical tools for taking decisions by knowing the support and resistance levels for repositioning or exiting any position. The equity market is in phases, you must know the various cycles so as to manage your trading and investment risks.

Also, for stocks that should be on your BUY list in this season as the New Year begins, sign up to INVESTDATA BUY AND SELL signal set up; call for your home study pack and ride with the expected recovery on Nigeria’s stock market and economy to help you invest and trade knowledgeable in this New Year.

You can also access stocks analyzed in the INVEST 2020 Opportunities & Trade Ideas summit home study pack, which include stock picks to guide your positioning for the year.

Other comprehensive training materials on stock Trading and Investing for Financial Independence series are available for you to view on your mobile phone, laptop, desktop, and TV sets. Kindly call or send yes to 08032055467, 08028164086 or 08111811223.

Don’t Miss out.

Best regards
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/2020/01/what-to-expect-on-ngse-in-post-election-year-2020/

Investdata Monthly Sentiment Report as of January 2020

NSEASI buy 62% sell 38% MFI 38.20
Abc buy � MFI 79.00
Access buy 91% sell 9% volume index 1.35 MFI 59.55
Afrprud buy 0% MFI 45.37
Aglev buy � volume index 1.24 MFI 59.73
Aiico buy 50% sell 50% MFI 49.77
Berger buy 0% volume index 1.16 MFI 21.46
Cadbury buy 60% sell 40% MFI 66.29
Cap buy 0% volume index 0.71 MFI 28.34
Caverton buy � MFI 69.53
Ccnn buy 30% sell 70% MFI 26.17
Chams buy 38% sell 62% volume index 0.90 MFI 84.07
Chiplc buy � MFI 21.31
Cileasing buy 83% sell 17% MFI 14.85
Corner buy 18% sell 82% volume index 1.14 MFI 81.78
Courtville buy 0% volume index 0.87 MFI 58.90
Custodian buy 64% sell 36% MFI 74.63
Cutix buy 0% volume index 0.90 MFI 44.64
Dangcem buy 15% sell 85% volume index 2.99 MFI 41.41
Dangsugar buy 0% volume index 0.83 MFI 57.47
Eterna buy � MFI 12.79
Eti buy 50% sell 50% MFI 2.61
Fbnh buy 41% sell 59% MFI 49.57
Fcmb buy 43% sell 57% MFI 39.05
Fidelity buy 37% sell 63% MFI 60.66
Fidson buy 0% MFI 69.77
Fmn buy � MFI 46.44
Glaxo buy � volume index 1.94 MFI 13.00
GT buy 71% sell 29% volume index 0.87 MFI 48.28
Honyflour buy 0% MFI 55.27
Jaiz buy 11% sell 89% volume index 0.80 MFI 87.19
Japaul buy 0% MFI 77.76
JBerger buy � volume index 1.44 MFI 59.32
Lasaco buy 0% MFI 36.20
Lawunion buy 0% volume index 5.58 MFI 63.69
Learn buy 0% MFI 58.22
Linkass buy � MFI 36.25
Lvstk buy 80% sell 20% MFI 37.16
Mansard buy � volume index 1.25 MFI 60.70
M&B buy 0% MFI 63.36
Nahco buy 74% sell 26% volume index 1.14 MFI 50.78
Nascon buy 49% sell 51% MFI 60.88
Neimeth buy 31% sell 69% MFI 31.47
Nem buy � MFI 93.13
Nestle buy � MFI 50.32
Npf buy � MFI 36.93
Oando buy 98% sell 2% MFI 23.02
Okomu buy � MFI 44.53
Presco buy � MFI 47.46
Prestige buy � MFI 84.22
Pz buy 65% sell 35% volume index 1.31 MFI 49.93
Royalex buy � MFI 28.42
Seplat buy � volume index 1.08 MFI 37.04
Stanbic buy � MFI 49.19
Sterling buy 75% sell 25% MFI 68.14
Transcorp buy 75% sell 25% MFI 48.20
Uacp buy 94% sell 6% MFI 46.41
Uacn buy 82% sell 18% volume index 2.82 MFI 54.53
Uba buy 93% sell 7% volume index 0.77 MFI 44.17
Ubn buy 0% MFI 91.42
Ucap buy 77% sell 23% MFI 42.74
Unilever buy 97% sell 3% MFI 27.74
Uniondac buy 33% sell 67% volume index 8.24 MFI 57.49
Unity buy 11% sell 89% MFI 53.04
Upl buy 38% sell 62% volume index 1.91 MFI 36.02
Vitafoam buy � volume index 0.87 MFI 57.34
Wapco buy � volume index 0.77 MFI 63.55
Wapic buy 17% sell 83% MFI 25.46
Wema buy 83% sell 17% MFI 9.35
Zenith buy 60% sell 40% volume index 0.73 MFI 42.07

https://investdataltd..com/2020/01/investdata-monthly-sentiment-report-as.html

Cocktail Of Fiscal, Monetary Policies, Improved Earnings, May Drive Economy, NGSE Recovery In 2020

Retrospective 2019 and 2020 Outlook

It was a mixed performance at the end of trading on the Nigerian Stock Exchange in 2019 in the midst of political activities, being an election year characterized by high levels of uncertainties, insecurity, and introduction of new economic and regulatory policies that propelled mixed sentiments. These, in turn, extended the bearish nature seen in 2018, following which the market again closed the year in negative territory, making 2019 one of the six worst years of the decade, after the benchmark NSE All-Share Index lost 14.60%, which was, however an improvement considering the 2018 decline of 17.81%. Recall that the NSE shed 17.36% in 2015; 16.31% in 2011; 16.14% in 2011; with the lowest negative position in the past decade being the 6.17% loss it suffered in 2016, a post-election year.

The mixed sentiments and buying interest that prevailed in the year under review resulted from risks associated with the 2019 general elections that were the major focus in the first quarter of that year, as governance was consigned to the back seat, following which the NSE index, in reaction, oscillated within the period. The political environment after the incumbent President was declared the winner of the presidential election and the inauguration period weighed investor confidence and subsequently on stock prices due to the lack of direction. Recall too, that the 2019 budget was only signed into law on May 28, a day to the commencement of the second four-year term.

But the listing of telecommunication giants- MTN Nigeria in the second quarter, as well as others like Airtel Africa, Sahco, in addition to the Access Bank-Diamond Bank merger rescued the market from being worse than 2018. Last year’s decline was despite the increased number of delisted companies. They are: Great Nigeria Insurance, Diamond Bank, Newrest ASL, First Aluminum, Skye Bank, Fortis Microfinance and Dangote Flour, when compared to 7UP, African Paints, Afrik Pharm, Paints & Coatings Manufacturing were delisted in 2018.

The unconventional monetary policy initiatives of the Central Bank of Nigeria, however, helped to stimulate economic activities, as seen in the Q3 GDP growth of 2.38%, despite the fact that the government was busy with interests jostling for political appointments, a situation that prevailed throughout the period. There were other regulatory initiatives from the NSE, Securities and Exchange Commission, National Insurance Commission. We acknowledge some fiscal measures in the final months of the year, particularly the early passage and assent to the 2020 budget, thereby returning the nation to the January-December budget cycle. Early disbursement of funds and implementation of the various initiatives captured in the budget, will expectedly kick off early this year, a situation that will have multiplier effects on the economy.

Added to this is the expected effect of the CBN directive that banks in the country should increase their Loan-Deposit Ratio. In the past year, the LDR of Nigerian banks was jerked up first from a mere 17% to 60% in September, then 65% on December 31. This, it is believed, has increased lending to the real sector of the economy by almost N4tr to drive productivity and growth in the economy in the period under review.

The prevailing low-interest rate regime in the money market due to the April 2019 cut in Monetary Policy Rate to 13.5% after staying unchanged at 14% for more two years, the LDR and restriction of corporate bodies and high net worth individuals from participating in the CBN’s Open Market Operation investment window further made more funds available in the financial markets, crashing money market rates, leading to declining yields in fixed income market.

These, coupled with the border closure have boosted activities in the nation’s manufacturing sector over the last five months, as shown in the CBN’s Purchasing Manager Index for the month of December at a high of 60.2point. This is likely to support economic activities and corporate earnings, especially manufacturing companies after their share prices suffered huge declines in 2019. The regulatory initiatives of the NSE regarding the new pricing methodology and NAICOM’s insurance industry recapitalisation in the last quarter of 2019 changed the trading pattern and supported the resistance of decline in the final two months of 2019. This was coupled with the impact of the capital wave and the historic year-end window dressing rally which closed positive and flat in November and December respectively.

The benchmark NSEASI in 2019 lost a total of 4,588.43 basis points, closing at 26,842.07bps from its 31,430.50bps opening level, representing a 14.60% decline, after hitting a high of 32,958.96bps and low of 26,018.13bps within the year.

The year’s trading started on a negative note in January, which was characterized by strong selling pressure and profit-taking from December’s upmarket in 2018, ahead of February’s general election. However, there was a reversal in trend in the heat of the election’s uncertainties following the plethora of electoral campaign promises and projections by foreign agencies, which triggered positioning in stocks a few weeks to the general polls. This impacted positively on the NSE index for the second month of the year, but as soon as the election results went against the popular expectations, investors sold down their holdings, even in the peak of earnings reporting season for the 2018 full-year and 2019Q1 results. There was another reversal in May induced by the listing of MTN Nigeria, after the market had closed negative in June, July, and August, after which the NSE Index action resisted a further decline in September. It oscillated for the rest of the year, closing positive in November on the strength of regulatory policies and low valuation.

NSE WEEKLY INDEX MOVEMENT FOR 2014-2019

The NSE Index action as seen in the opening chart, revealed a breakout of a two-year bearish channel, resisting further decline despite the recent oscillation in the last few trading weeks of 2019.

The nation’s prolonged down market and mixed macroeconomic indicators during the year under review have made the NSE rank among the worst-performing exchanges in the world and Africa, as investors record huge losses on the average during the year. The change in market sentiments offered insights into the 2019 downturn, which supported the mild and mixed quarterly earnings reports and mild improvements in macroeconomic indices. It, therefore, kept many investors and traders on the sidelines as reflected in the year’s Investdata sentiment report showing a sell-volume of 88% and 12% buy position, as against 2018 buy sentiment of 6% and sell position of 94%.

The other leg of the market which is the primary market recorded improved activity, compared with the previous years as more companies became listed, just as the market witnessed a torrent of rights Issues and Initial Public Offerings, despite the low investor confidence in the economy and market.

The market’s sectoral indices performance was bearish, with all 10 closings the year lower, led by the NSE Consumers Goods and Main Board indexes which lost 20.83% and 20% respectively to top the chart.

The significant decline in the NSE Consumer Goods and the main board indices reflected the weak purchasing power of Nigerians, low economic activities and consumption, just as the labor market remained weak with the high unemployment rate and poor wages. We expect the N30,000 new minimum wage to address, just as the low-interest rate regime will boost consumption going forward, despite the rising inflation rate. Corporate earnings from these sectors were below market expectations within the period under consideration. This is also likely to turn around in the future.

Available data shows that market liquidity was low due to cautious trading by local institutional and foreign players, a situation that also revealed how much Nigeria’s stock market and economy depend on foreign funds. This, in turn, tends to dictate economic prosperity and wealth creation, especially when they moved in and out of the market at the slightest hint of trouble.

Knowing the danger of foreign investor dominance in any stock market, local investors and traders should plan their trades for 2020 in case they return before or after seeing the impact of recent regulatory initiatives and expected economic reforms expected to boost economic performance in the New Year.

2019 Winners and Losers

It has been a year of downtrend narrative, mixed sentiments and economic performance as the best year of the decade was 2013, when the index gained 47.19%. Listed below are the top gainers in terms of price appreciation despite the bearish experienced in 2019.

A total of 26 stocks closed higher, with 13 of them growing their share prices by 20% and above, compared to 25 equities that advanced closed higher in 2018, 16 of which recorded double-digit price appreciation.

The best-performing stocks were: C & I Leasing, which chalked 231.46%; Cornerstone Insurance, 125%; while Chams, ABC Transport, and Access Bank recorded a capital appreciation of 65%, 55.17%, and 47.06% respectively.

A further breakdown showed that the services sectors and kobo stocks dominated the top performance table for the year, a situation that may likely continue in the New Year with dividend stocks and others that had suffered losses within the period, rebounding on low attraction ahead of the 2019 full-year earnings season in Q1 2020 and the effects of an early implementation of the 2020 budget that is running concurrently with 2019. There are also the expected improvements in economic fundamentals.

On the flip side, over 73 stocks closed the year south, mostly blue-chip stocks amidst the weak economic fundamentals and the strength of their unimpressive numbers, as they failed to live up to the hype that briefly surrounded them. They suffered significant losses over the past 12 months, especially the brewery companies. Others were due to mixed earnings, negative sentiments and general bearish trend in the market, due to the cocktail of factors earlier mentioned.

The worst-performing stocks of 2019 were: International Brewery, which lost 68.85% of its opening price for the year; Guinness Nigeria, 58.26%; while GSK, ETI, and PZ Cusson shed 57.93%, 53.57% and 53.31% respectively. See the table below.


https://investdata.com.ng/2020/01/cocktail-of-fiscal-monetary-policies-improved-earnings-may-drive-economy-ngse-recovery-in-2020/#more

Vitafoam Offers N525m Dividend, Net Profit Up 309.47%


The board of Vitafoam Nigeria, on Tuesday, put smiles on the faces of shareholders to close the year, releasing the financials for the year ended September 30, 2019, recommending a 42 kobo dividend per share or N525m for shareholders’ approval at the annual general meeting slated for Lagos March 5, 2020.

According to the company’s audited financials for the period, there was growth in revenue, even as the management successfully constrained the rise in operating expenses, especially the cost of sales, as a result of which gross profit climbed by N2.906bn or 49.63% for the period, while net profit ballooned by 309.47%.

Revenue for the year rose to N22.283bn, up by N2.749bn or 14.07% from N19.534bn, of which N21.72bn was earned within Nigeria, while N53.071m was from outside the country, compared to N18.778bn and N755.666m in the preceding year. The cost of sales stood at N13.52bn from N13.677bn, the bulk of which was the N13.202bn cost of raw materials and consumables that dropped slightly from N13.353bn; followed by the depreciation of N175.063m, as against the previous N178.075m; and labour cost amounting to N143.164m, a marginal drop from N146.385m. This left a gross profit of N8.762bn, from the previous N5.856bn.

Other gains and losses rose slightly to N389.831m, from the previous N380.524m, lifted mainly by the N113.884m profit on disposal of investment property, leased equipment and motor vehicle during the period; as well as exchange gains of N116.71m, an improvement over the N152.958m recorded in prior year. Administrative expenses climbed from N3.380bn to N3.733m, the lion’s share of which was the N1.711bn, compared to N1.406bn in 2018. Distribution costs during the period increased from N794.192m to N974.751m. Operating profit therefore improved by N2.352bn or 112.44% to N4.444bn from N2.092bn.

Finance income climbed to N101.06m from N79.186m, with interest on planned assets growing to N79.677m, from N75.793m; while interest on deposit jumped N21.383m, from just N3.393m. Finance cost however reduced by N327.7m or 23.79% to N1.049bn, as against N1.377bn in the preceding full-year, of which interest on loans and overdraft, being the bulk, dropped from N1.24bn in 2018 to N904.862m.

Profit before tax for the year soared to N3.495bn, from N793.852m.

A tax expense of N1.031bn, a significant increase from just N191.929m in the corresponding period of 2018, arising from the growth in income tax to N922.711m, from N255.499m; and education tax from N26.48m from N69.128m. Capital gains tax increased also to N9.122m, from N5.72m.

These left net profit at N2.464bn, after soaring by N1.862bn or 309.47%, when compared to the previous N601.923m. The net profit translated to earnings per share of 182 kobo, an equally significant increase from just 57 kobo each in the corresponding period of 2018.

https://investdata.com.ng/2020/01/vitafoam-offers-n525m-dividend-net-profit-up-309-47/

With 2020 Budget Passage, Nigerians’ll Enjoy Peace, Economic Growth- Lawan

Based on the timely passage and assent to Nigeria’s 2020 budget, which returns Nigeria to the January- December cycle, among others, Senate President Ahmad Lawan, says the new year will witness robust peace and economic growth for the good of its citizenry.

In a New Year message, Lawan while congratulating all on witnessing the end of 2019 and the beginning of the year 2020, hailed the resilience of Nigerians in their commitment to the unity and prosperity of the country and support for the administration of President Muhammadu Buhari.

“I have no doubt in my mind that with the timely passage of the budget, restoration of the January to December financial year and other amendments recently made to our laws by the ninth National Assembly, the economy will enjoy significant growth in the new year,” Lawan said.

He assured Nigerians that the National Assembly will continue to do its best to make things better by enacting people-oriented legislations.

The National Assembly, he added, will endeavor to sustain the harmonious working relationship with other arms of government for the smooth administration of the country and benefit of the people

https://investdata.com.ng/2020/01/with-2020-budget-passage-nigeriansll-enjoy-peace-economic-growth-lawan/

Investdata Daily Sentiment Report as of January 3, 2020

NSEASI buy � volume index 1.11 MFI 52.88
Access buy � volume index 1.09 MFI 56.52
Corner buy � volume index 1.18 MFI 27.74
Fbnh buy � volume index 3.94 MFI 64.96
Fcmb buy 67% sell 33% MFI 57.22
Fidelity buy 25% sell 75% MFI 63.36
Glaxo buy 0% volume index 1.75 MFI 22.92
GT buy 11% sell 89% volume index 1.10 MFI 77.26
Honyflour buy 0% volume index 2.89 MFI 49.07
Nahco buy 0% MFI 28.35
Transcorp buy � MFI 69.30
Uacn buy � MFI 74.42
Uba buy � volume index 1.54 MFI 74.86
Ubn buy � volume index 2.62 MFI 39.99
Vitafoam buy � volume index 1.11 MFI 94.86
Wapco buy 0% volume index 2.66 MFI 57.17
Wapic buy � volume index 4.99 MFI 77.94
Wema buy 0% MFI 44.82
Zenith buy 50% sell 50% volume index 1.35 MFI 46.17

https://investdataltd..com/2020/01/investdata-daily-sentiment-report-as-of_5.html

Welcome to 2020!
A year of success, a year of happiness, and a year of total breakthrough.

Best wishes from Cheekers Inn Hotel,

With Enhanced Liquidity, Low Stock Valuation, Investors Position For Medium, Long-term

Market Update for The Week ended December 27 and Outlook for Dec 30

Nigerian stocks retraced up after the Christmas holidays on the back of increased buying interests in consumer goods, ahead of year-end portfolio rebalancing and window dressing, resulting in a mixed performance during the three-day week. The benchmark Nigerian Stock Exchange All-Share Index (NSEASI) closed lower, after hitting a new 52-week low at 26,018.13 basis points on selloffs in heavyweights like MTN Nigeria and Guaranty Trust Bank, among others.

The expected year-end rally may not be over yet either, as the recent NSE Index and price action could attract even more new buyers, once the short-term oversold situation burns itself out.

As shown in the chart pattern and candlestick formation during the three trading sessions, the NSE’s benchmark index hit its bottom in the two-year bearish channel, an important annual floor trader support level (S2). In the process, it formed a double bottom chart pattern with the index touching the lower band of the Bollinger bands, signaling an imminent reversal of trend, relative to performance which ushered the NSEASI’s downtrend in 2018.

With just two trading sessions remaining before the New Year holiday on Wednesday, it is now certain that the year 2019 would close in negative territory as the ASI continues to fall. After losing 18% in 2018, and with two sessions to go, the NSEASI has lost 15.74% year-to-date, bringing cumulative loses for both years to 33.74%.

Positive sentiments are, however, expected to dominate equity assets in 2020, given the prevailing low valuations with the hope for an improved macroeconomic environment in the new year, supported by the 201 full-year earnings performances. We, therefore, expect to see increased positioning by portfolio investors and traders with medium-to-long-term objectives.

The undervalued state of the nation’s stock market as revealed by the 6.54% average dividend yield, while the 6.74x Price to Earnings Ratio, makes its attractive as an investment destination, compared to those of the 22 largest economies in the world. its global counterpart.

It may come as a surprise that the United States currently has the second-lowest yield at just 1.83%, better than India’s 1.19%, a market currently trading at 29.63x earnings, while Russia currently has the highest dividend yield of 6.23% and the lowest valuation with a P/E ratio of just 6.68. This was despite being the second best-performing equity market in 2019, with its benchmark index rising by over 43% year-to-date. There are nine other countries with a dividend yield below the global average of 3.23%.

Given that interest rates remain historically low around the globe, and holding constant the varying levels of risk between a country’s stocks and bonds, equities generally continue to offer investors a higher return.

The low money market interest rate regime and increased lending to the real sector arising from the 65% Loan to Deposit Ratio required by the Central Bank of Nigeria at the end of this year, it is expected that over N2.2tr worth of new bank credits will flow into the economy. This will significantly boost the economy when combined with the expected multiplier effect of the early passage and signing of the 2020 budget capital expenditure early in the new year.

We, therefore, do not see the need for Naira devaluation; instead, the CBN should maintain price stability and target growth in sectors capable of attracting foreign inflow, especially if the country’s infrastructural development improves and impacts the life of Nigerians. There is also the need for government to have a rethink and obey court orders, while respecting the rule of law, thereby enhancing investor confidence.

Movement Of NSEASI

Despite the down market during the period under review, positive sentiments trailed dividend stocks with low traded volume as a result of the two-day Christmas holidays.

The NSE index opened the week negative, losing 1.10% on Monday as selloffs hit high cap stocks such as telecommunication giants, defying the expected Santa Claus rally. The situation was extended to Tuesday when the composite Index shed 0.60% on sell down, as the market reacted to the downgrade of Nigeria’s economic outlook. This trend was reversed Friday, gaining 1.25%, ahead of the year-end rally, bringing the week’s total decline to 0.41%, worse when compared to the 0.04% loss recorded in the preceding week.

The NSEASI touched an intra-week low of 26,018.13 basis points, from a high of 26,526.35bps on a mixed demand for financial and consumer goods and other stock that had suffered losses over the period, closing at 26,416.48bps from an opening figure of 26,526.35bps. Also, market capitalization lost N51.56bn to close the week at N12.75tr from its opening value of N12.8tr, representing 0.41% value loss.

Many equity prices remained unchanged during the week, with day traders playing on low priced stocks that rallied, following which market breadth stayed positive, as advancers outpaced decliners in the ratio of 31:17. The impetus behind the week’s performance was down as revealed by the Money Flow Index reading 47.33bps, down from 52.63bps in the previous week.

The week’s trading pattern showed that accumulation is still ongoing, ahead of the 2019 full-year earnings reporting season expected in the 2020Q1, with the hope of markup in dividend-paying stocks with high yields and strong earnings capacity underway. Also, the Investdata Sentiment Report for the week revealed a positive strong demand, with ‘buy’ volume at 78%, and ‘sell’ position of 22%, on a transaction volume index of 0.42.

NSEASI Weekly Time Frame

The mixed and positive sentiment behind the recent trading pattern of the NSE Index revealed an increased number of day traders and at the same time indicates that recovery is underway, as index action double bottom formation supports reversal, which is a function of market forces.

It will also depend on players’ taking advantage of low prices to position for full-year earnings reporting season as the economy is expected to sustain its recovery moves as liquidity to drive expansion in the system is available. The daily and weekly candlestick patterns signal short-term reversal ahead of year-end window dressing by fund managers and quoted companies.

On a weekly time frame, MACD has remained bullish as the composite NSE index sustained up and down movement that signals the possibility of recovery as demand for stocks continues to look up in the midst of selloffs.

In both the time frame, the NSE benchmark index is trading below 20 and 50-Day Moving Average as it tested a new 52 weeks low on low traded volume. The Relative Strength Index read 35.02, indicating relative strength, despite being in the oversold region. However, money flow is reading 47.33 points and looking down on the weekly chart.

Mixed Sectoral Indices

The week’s sectorial performance indexes were bullish, except for the NSE Industrial Goods and Banking, which closed 0.31% and 0.26% in the red respectively, while the NSE Consumer Goods Index led the advancers, after gaining 4.76%. The NSE Insurance index grabbed 1.42%, followed by the NSE Oil/Gas that rose 0.71%.

Market activity in terms of volume and value for the week were down by 46.38% and 54% respectively, as stockbrokers crossed 735.7m shares worth N7.13bn, as against the previous week’s 1.38bn units valued at N15.5bn. Volume was driven mainly by trades in Access Bank, Law Union, and Zenith Bank.

Also on Friday, Dangote Cement announced plans to buy back up to 10% of its shares in issue over a 12-month period (READ MORE). It, therefore, becomes the second company on the Nigerian Stock Exchange to announce a planned buy-back, exactly 10 years after Custodian Allied Insurance repurchased 5% shares in issue in 2009, becoming the first in the history of the NSE, today the company’s share price and performance are outstanding in its sector and industry.

Nahco and AG Leventis were the best-performing stocks, topping the advancers’ chart, after gaining 12.31% and 10.30% respectively, to close at N2.40 and N0.55 per share on the low price attraction and repositioning of Nahco’s operations. There is also the for AG Leventis, as its core investor seeks to buy-out the minority shareholder at 0.59 kobo per share and thereafter delist from the bourse. It was for this reason that the NSE placed the company on full suspension preparatory to being delisted. On the flip side, May and Baker and Cornerstone Insurance lost 9.81% and 9.51% respectively, closing at N1.93 and N0.38, on profit-taking.

Market Outlook

Being the week that ushers in 2020, we expect mixed performance to persist, in expected positive macroeconomic indices and continued positioning for new year expectations by market players. This is just as more liquidity finds its way to high dividend yield stocks with sound fundamentals, which will also be based on the seemingly positive outlook for the domestic economy, despite what the rating agencies are saying.

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 would, 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.

Once again, we appreciate all that made Invest 2020 Traders and Investors Summit a success. The home study pack is available. To grab 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/2019/12/with-enhanced-liquidity-low-stock-valuation-investors-position-for-medium-long-term/#more

With 2019 In Final Hours, Investors Eye Full-year Earnings Season, Strong Growth Potentials, Dividend


Market Update for December 30

The countdown to the end of the year 2019 entered its very last few hours on Monday, with the nation’s equity market extending it bull-run for the second consecutive session on positive sentiments and increased demand for highly capitalized stocks. There was also an improved traded volume that revealed the expected year-end window dressing by fund managers and listed companies, which helped some stocks to close higher.
The change in the trading pattern since the commencement of the new pricing methodology was announced by the Nigerian Stock Exchange, increasing the activities of day traders in a market that defied the annual Santa Claus rally which had for almost a decade supported positive performance in the month of December.
Trading on the NSE so far this month has left the index down by 1.45%, despite the positive sentiment and high volatility recorded so far in this period on increased economic activities and capital wave with many investment options maturing this last month of the year, thereby making more funds available. This is due to restrictions introduced by the Central Bank of Nigeria CBN, depriving fund managers of the opportunity to reinvest in the maturing instruments.
The level of indecision among fund managers till this moment has left the market oscillating, despite the low-interest rate in the money market and declining yields in the fixed income market.
At this stage of the market, we advise against any form of panic selling. Rather, take a strategic position in sectors that have suffered huge losses, but still have the potentials to rebound in the new year and beyond, as players take timely advantage of low prices around the market. The table above reveals that Nigeria’s equities market has enjoyed more positive trends in the month of December over the past decade, arising from the Christmas boom and driven by year-end portfolio balancing among investors and traders.
The table below shows the performance of the NSE index for December 2010-2019:

10-Year NSE Index Movement For The Month Of December
2010 24,764.65 24,770.52 0.02
2011 20,003.36 20,730.63 3.64
2012 26,494.44 28,078.80 5.98
2013 38,920.85 41,329.19 6.19
2014 34,543.05 34,657.15 0.33
2015 27,385.69 28,642.25 4.59
2016 25,241.63 26,874.62 6.47
2017 37,944.60 38,243.19 0.79
2018 30,874.17 31,430.50 1.80
2019 27,002.15 ? -1.45
Meanwhile, Monday’s trading opened slightly on the downside before oscillating between the mid-morning and afternoon on a strong buying interest in medium and high cap stocks like Nestle, Dangote Cement and Seplat which pushed the NSE index to an intraday high of 26,609.34 basis points, from its low of 26,226.18bps. It, thereafter, finally closed the day at the day high on an increased traded volume. Market technicals for the session were positive and strong, with volume traded higher than the previous session, in the midst of positive breadth and positive sentiment

Index and Market Caps
The benchmark NSEASI, at the end of the day’s trading, gained 192.86bps, closing at 26,609.34bps from the previous 26,416,48bps close, representing a 0.73% growth, just as market capitalization gained N93.4bn to close at N12.85tr, from an opening value of N12.75tr, which also represented a 0.73% appreciation in value.
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 situation ahead of year-end seasonality and full-year earnings reports portfolio reshuffling and repositioning as we await an economic roadmap from the government advisory team to stimulate and re-track the economy again.
Monday’s upturn was driven by Nestle, Seplat, Flour Mills Zenith Bank, FBNH, UACN, UBA, and NB Plc, all of which impacted on the NSE’s Year-to-Date loss, raising it to 15.34%. Market capitalization YTD growth fell to N1.04tr, representing a 0.73% growth over the year’s opening value of N11.72tr.

Bullish Sector Indices
All sectoral performance indexes closed green, except for the NSE Banking index that fell by 0.70%, while the NSE Oil/Gas index led the gainers, after inching 5.08% up; followed by the Consumer Goods Index’s 2.13%; and the NSE Insurance, improved by 1.02%, while the NSE Industrial Goods index followed by 0.42%.
Market breadth was positive as advancers outnumbered decliners in the ratio of 23:12, while market activities increased, as transaction volume and value increased by 72.04% and 136.4%, as stockbrokers crossed 382.81m shares worth N7.19bn, compared to previous day’s 222.51m units valued at N3.04bn. This volume was driven by Transcorp Plc, Guaranty Trust Bank, Access Bank, UBA and Zenith Bank,
NEM Insurance and Eterna were the best-performing stocks of the day, as they gained 10% 7.89% to close at N2.42 and N3.30 respectively, on low price attractions and market sentiments. On the flip side, C & I Leasing and Learn Africa lost 10% and 9.60% respectively, closing at N5.40 and N1.13 on market sentiment and profit-taking.

Market Outlook
We expect a mixed performance as the year 2019 winds down amidst profit-taking, while investors take advantage of low prices, ahead of the year-end rally with the continuing capital flow and repositioning in value stocks. There are, also, the changing sentiments in the hope of improved liquidity and positive economic indices.
We expect that Investors would focus 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 short and medium-to-long-term, which is why investors should target fundamentally sound and dividend-paying stocks for possible capital appreciation as the year winds down, giving way to 2020, just as was noted in the 10 golden stocks and trading ideas for 2020 discussed during the Investdata 2020 Traders & Investors Summit.
Also, traders and investors need to change their strategies owing to NSE’s pricing methodology, CBN directives and its impact on the economy in the nearest future.
Meanwhile, we appreciate all that made Invest 2020 Traders and Investors Summit a success. The home study packs are available. To grab 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/2019/12/with-2019-in-final-hours-investors-eye-full-year-earnings-season-strong-growth-potentials-dividend/#more

Investdata Daily Sentiment Report as of December 31, 2019



NSEASI buy � volume index 1.56 MFI 47.25
Access buy 58% sell 42% volume index 1.32 MFI 51.09
Chams buy � MFI 51.67
Corner buy � MFI 20.91
Dangcem buy � volume index 3.76 MFI 43.32
Fbnh buy � MFI 43.51
Fcmb buy � MFI 54.79
Fidelity buy 33% sell 67% MFI 69.07
GT buy 0% volume index 2.87 MFI 66.15
Jaiz buy 0% volume index 1.72 MFI 23.83
Japaul buy 0% volume index 1.15 MFI 42.52
Learn buy 0% volume index 6.53 MFI 0.00
Nascon buy 0% volume index 1.78 MFI 41.77
Nem buy � volume index 5.54 MFI 89.80
Oando buy 0% MFI 28.92
Transcorp buy � volume index 9.51 MFI 65.73
Uba buy 50% sell 50% volume index 2.17 MFI 67.47
Ubn buy 0% volume 2.22 MFI 14.72
Wapco buy � MFI 29.68
Zenith buy 67% sell 33% volume index 1.43 MFI 33.89

https://investdataltd..com/2020/01/investdata-daily-sentiment-report-as-of.html

Welcome to the Your Best Year Ever

Usually, I would have wished you all the best wishes in 2020 which I will definitely do because you are very special to me. However, that is not the reason I sent you this post.

Sincerely, towards the end of 2019, I posted about your planning for your life. Planning here cuts across your spheres of life.

That is, it involves 4 major areas, your health, finances, relationships, and personal development.

Health: some of us don't put it in our plan to go for a full check-up in other to determine the status of our body and take necessary precautions where needed. You service your car how many times in a year. Do you such for yourself?

Finance and Career: I want to be frank with you here, the only way to constantly upgrade your finance is by constantly producing. That is, your money has to be constantly Multiplying. All this can be done through knowledge acquisition in your area of endeavor.

Relationships: well if you a woman then this should not be new to you because women have naturally inclined to build relationships. But for a man, we need to. Yes I agree with you must work but you need people to be around you. Some will say that I am not a peoples person. "Dey there" nobody is, we only just decided to be. I am not saying that you should go with lots of people but few. It is when you retire that you will get me.

Personal development: This is very important because it will you understand and manage the above 3 aspects very well. Hence, make it a routine to study for 45 minutes per day on subjects that affects the 3 above aspects of our lives.

��✨✨��In this New year �

Hear this, the best story of your life shall be told this year.
Beyond your wildest dream, God will ensure you are helped. Enjoy the New year.��

Ambrose Omordion
Investdata Consulting Limited

Investdata Daily Sentiment Report as of December 26, 2019

NSEASI buy 68% sell 32% volume index 1.22 MFI 31.07
Access buy 80% sell 20% volume index 1.10 MFI 51.48
Afrprud buy 0% volume index 7.10 MFI 81.18
Caverton buy � volume index 0.81 MFI 63.22
Dangsugar buy 0% MFI 91.32
Eti buy � volume index 1.44 MFI 33.98
Fbnh buy 0% volume index 1.40 MFI 24.76
Fcmb buy 0% MFI 51.79
Fidelity buy � volume index 1.32 MFI 64.52
GT buy � MFI 47.95
Jaiz buy 0% MFI 52.48
Stanbic buy � MFI 87.41
Sterling buy � MFI 67.35
Transcorp buy 67% sell 33% volume index 2.43 MFI 26.21
Uba buy � MFI 43.80
Ucap buy � volume index 0.85 MFI 45.31
Unilever buy � MFI 28.97
Uniondac buy 0% volume index 13.48 MFI 0.37
Wema buy 0% MFI 28.27
Zenith buy 0% volume index 0.81 MFI 19.82

https://investdataltd..com/2019/12/investdata-daily-sentiment-report-as-of_26.html

Dangote Cement Seeks Approval To Buy-Back 10% Of Issued Shares


Directors of Dangote Cement Plc, on Friday, has scheduled an extraordinary general meeting for January 12, 2020, where shareholders are to consider a proposal that the company buys back up to 10% of its total shares in issue.

Before the vote, the shareholders are expected to approve an amendment of the company’s Articles of Association by inserting three new clauses that would reduce its share capital and authorise the proposed buy-back.

The board, according to Edward Imoedemhe, Dangote Cement’s deputy company secretary, is also proposing that subject to applicable law or the directive of the appropriate regulatory authority, the company may cancel such repurchased issued shares or otherwise acquired under the Proposed Transaction as confirmed by the company’s registrars.

In the accompanying explanatory note, Dangote Cement said the share buy-back is part of its corporate strategy of improving Returns on Equity and shareholder value while facilitating future long-term growth.

The directors believe the buy-back is one of the appropriate capital allocation decisions to improve long-term shareholder value (improving earnings per share); besides supporting the company’s continuous capital structure and balance sheet efficiency. It is also expected to reduce the average cost of capital and therefore enhance shareholder value in the long-term.

“The relevant shares will be repurchased out of the profit of the company and any such number of shares bought under the programme is required to be cancelled in accordance with the SEC (Securities and Exchange Commission) Rules and the Nigerian Stock Exchange Rulebook 2015, which will consequently lead to a reduction in issued share capital,” the company explained further.

Section 160(1) of the Companies and Allied Matters Act (CAMA) provides that the Articles of Association of a company must authorize any share buy-back programme to be undertaken by the company, just as it must authorize any reduction of the company’s share capital as provided under Section 160 of CAMA.

Also, the programme is to be completed within 12 months from the date of receiving the shareholders’ approval, even as “the board may delay, amend or terminate the programme at any time by releasing an announcement to that effect to the NSE, irrespectively of whether any or all of the shares have been repurchased.

Unless otherwise approved by the regulator, the company says it shall not implement the programme within 15 days before the publication of its annual or interim results.

With a huge N731.15bn in retained earnings as of September 30, this year, the company says it intends to fund the programme from its reserves.

The board members, who together hold 243,540,000 ordinary shares, the company said, will not participate in the buy-back programme.

Vetiva Capital Management Limited and Banwo & Ighodalo are acting as financial advisers and legal advisers respectively to Dangote Cement Plc in connection with the proposed share buy-back programme.

According to the document, the 10% stake or up to 1, 704,050,741 fully paid ordinary units to be repurchased under the programme, will however be subject to availability of the shares. The company is also under no obligation to buy all or any of the buy-back shares.

The buy-back will also be either at the prevailing market price, or through a self-tender offer at a price to be determined by the board, but not more than 5% above the average calculated market price over the five days preceding the offer.

https://investdata.com.ng/2019/12/dangote-cement-seeks-approval-to-buy-back-10-of-issued-shares/#more

We at Femtha Boutique have a passion for fashion which drives our goals and objectives.

We aim to set up a new apparel store making fashion sense with a shopping experience that is second to none. We showcase top-quality outfits from prominent and cutting-edge brand designers.

We offer women a variety of beautiful and high-end fashion accessories to match their clothing style with their unique personalities.

We sell shoes, bags, Fabrics, Clutches, Accessories, Fendi, etc from designer brands such as Gucci, Ferragamo Coach, Burberry, Dior, Moschino, Roberto Cavalli, D&G, MiuMiu, and Giuseppe Zanotti, etc.

Our services cut across personal shopping experience, special ordering to customers during store hours, and personal appointments with Prompt delivery and pre-order facilities.

Contact us @
Address: Ni 79, Adeniran Ogunsanya Street, Surulere, Lagos

Phone: 0809 288 9798, 08039880600
Website: https://flutterwave.com/store/femthaboutique

FEMTHA BOUTIQUE

We at Femtha Boutique have passion for fashion which drives our goals and objectives.

Our aim is to set up a new apparel store making fashion sense with a shopping experience that is second to none. We show case top quality outfits from prominent and cutting-edge brand designers.

We offer women a variety of beautiful and high-end fashion accessories to match their clothing style with their unique personalities.

We sell Shoes, Bag, Fabrics, Clutches, Accessories, Fendi, etc from designer brands such as Gucci, Ferragamo Coach, Burberry, Dior, Moschino, Roberto Cavalli, D&G, MiuMiu and Giuseppe Zanotti etc.

Our services cut across personal shopping experience, special ordering to customers during store hours and by personal appointments, with Prompt delivery and pre-order facilities.

Contact us @

FEMTHA BOUTIQUE

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Phone: 0809 288 9798
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Senate Protests Foreign Dominance Of NNPC’s $9bn DSDP Oil Swap Deals


The Senate on Wednesday mandated its Committees on Local Content Legislative Compliance and Petroleum Downstream to investigate the influx of foreign vessels into Nigeria’s coastal region and the level of patronage of Nigerian shipping companies.

Sponsor of the motion, Senator Olalekan Mustapaha (APC, Ogun East), put the value Nigerian National Petroleum Corporation’s Direct Sale of Crude Oil and Direct Purchase of Petroleum Product (DSDP) for 2019/2020 contract period at about $9bn.

Sadly, he lamented, of this amount, “foreign ship-owners amount for 100% of freight associated with this downstream activity, most of which is repatriated overseas to the detriment of the Nigerian economy.”

According to the lawmaker, “The influx of foreign vessels into the Nigerian downstream sector is alarming against the Coastal and Inland Shipping (Cabotage) Act 2003 which clearly restricts vessels engaged in domestic coastal trade.”

He noted that the National Content (NOGICD) Act 2010 was enacted to promote value addition to the National Economy by stimulating growth and industrial development in the Oil and Gas Sector of the Economy.

The upper chamber, therefore, directed the committees to investigate the flagrant abuse of the NOGICD Act 2010 and Cabotage Act 2003 respectively, by operators and stakeholders in the Maritime Industry.

The Senate also resolved to dig into foreign ship owners of freight associated with downstream activities repatriated overseas by the NNPC to the detriment of the economy.

The resolutions were sequel to the consideration of a motion on the “Urgent need to investigate the breach of Nigerian laws by foreign vessels in coastal shipping of petroleum products in the downstream sector of the Nigerian maritime industry.”

He added, “Only wholly-owned, manned and registered Nigerian vessels can engage in the domestic coastal carriage of Petroleum products within the Territorial and Inland Waterways.”

Senator Mustapha said that over the last 15 years, indigenous tonnage capacity and coastal shipping capabilities have grown exponentially with Nigerian operators owning multiple tanker vessels in their fleet.

The lawmaker stated that though NNPC is the largest employer of downstream shipping services in Africa, the corporation’s activities in terms of opportunities and indigenous capacities have not been enhanced.

The lawmaker added that the lack of Contract of Carriage and the absence of guaranteed cargo tonnage in the Maritime Industry have led to significant loses and collapsed of domestic and indigenous shipping.

Consequently, the Senate, in its resolutions, mandated its Committees on Local Content; Petroleum (Downstream); and Legislative Compliance to investigate the reasons for the dominance of foreign vessels above locally owned, manned and registered vessels in the domestic carriage of petroleum products within the coastal territory and Inland waterways of Nigeria.

The resolutions were sequel to the consideration of a motion on the “Urgent need to investigate the breach of Nigerian laws by foreign vessels in coastal shipping of petroleum products in the downstream sector of the Nigerian maritime industry.”

https://investdata.com.ng/2019/12/senate-protests-foreign-dominance-of-nnpcs-9bn-dsdp-oil-swap-deals/

Stakeholders Task FG On Sound Investment Climate


Nigeria can attract more investments in the capital market if only the Federal Government can consistently work towards creating a sound investment environment devoid of political, social risk as well as maintaining transparency.

This was the view of capital market stakeholders at the Capital market Correspondents Asociation of Nigeria (CAMCAN) 2019 annual workshop themed “Bridging Nigeria’s Infrastructure gap: The Capital Market Option” which held in Lagos at the weekend.

Speaking during a panel session, Managing Director, Central Securities Clearing System (CSCS) Plc, Haruna Jalo-Waziri, who was represented by Head, Internal Control, CSCS, Mrs. Isioma Lawal, noted that for the capital market to attract more investment, transparency, as well as accountability, is needed.

“The Federal Government needs to focus on things that re-assure investors that before they take investment decisions, key determinants such as security of investment, corporate governance, risks amongst other factors, can be guaranteed and that is what we at the CSCS stand for”, he said.

Also speaking, the Chief Executive Officer, Nigerian Stock Exchange (NSE), ​ Oscar Onyema who was represented by the Divisional Head, Trading Business, NSE, Jude Chiemeka, stressed that infrastructural gap is not only a Nigerian factor but is found amongst other African countries.

“It is a problem that cuts across Africa and to a large extent, funding is not the main issue rather the issue centers around government policies. The capital market thus represents a platform to provide a guarantee to these investors because the government cannot do it all alone”.

The NSE CEO thereafter called on the government to sustain collaboration with the private sector, adding that the Exchange will continue to create products that can finance infrastructure.

For his part, Head, Debt Capital Markets, FBNQuest Merchant Bank Limited, Oluseun Olatidoye, noted that infrastructure financing remains an unsolved puzzle and urged the state governments to prioritise funding for specific projects.

He said, “One of the challenges facing Nigeria is that we have so many programmes but we are not concentrating well enough on them. There is a need to focus funding on specific projects and provide some form of guarantee, that way, investments can flow into the economy.”

https://investdata.com.ng/2019/12/stakeholders-task-fg-on-sound-investment-climate/

Senate Laments Rising Unemployment, Seeks Unemployment Fund

The Senate on Wednesday lamented the high rate of unemployment in the country, suggesting solutions, including urging the three-tiers of government to declare an emergency on the provision of jobs across the country.

The lawmakers challenged the Federal, States and Local Governments to revitalize existing industries, while the executive arm should initiate an employment fund that will pay stipends to unemployed Nigerians until such persons secure jobs.

The resolutions, which also included urging the Ministry of National Planning to put a mechanism and programme in place for this purpose, were reached after consideration of a motion on the “Escalating Rate of Employment in the Country,” sponsored by Senator Ike Ekweremadu.

Ekweremadu, who brought the motion, relying on orders 42 and 52 of the Senate standing rules, lamented that a large number of graduates from high institutions of learning in the country yearly without jobs is a “time bomb waiting to explode”.

Citing a report published by the National Bureau of Statistics in 2019, he noted Nigeria’s unemployment rate stood at 23.1% of the workforce in the third quarter of 2019.

Quoting the Minister of Labour and Productivity, Chris Ngige, the lawmaker raised the alarm that Nigeria’s unemployment rate will hit 33.5% by 2020.

“Any nation with such number of unemployed but employable youths is only sitting on a keg of gun powder.

“The most pressing demand on the hand of every legislator and public officer is the rising number of curriculum vitae and application for employment from constituent Nigerians.

“A situation where every school graduate has to queue up for a job only in government offices is an indication of the breakdown of the private sector which is the major driver of world economies.”

The lawmaker added that unemployed Nigerian youths with potential talents “lying idle and wasting away are usually misdirected toward many unprofitable and harmful ventures and lifestyles.”

He said that the most active percentage of the nation’s population is forcefully kept away from participating in the economic development of their fatherland and contributing toward the Gross Domestic Product (GDP) by unemployment.

Attributing the high level of crime in any society to the high rate of unemployment, Ekweremadu stated that “unemployment is one of the major causes of upsurge in rural-urban migration which put pressure on facilities at the urban centres.

“Unemployment is one of the major reasons why insurgency, kidnapping, armed robbery, Cybercrimes and other vices are on the increase.”

Senator Istifanus Gyang (PDP, Plateau North), in his contribution, described unemployment as “a monster that, if we (Nigerians) are not careful, can consume us as a nation.”

Another lawmaker, Olubunmi Adetumbi (APC, Ekiti North), decried the inability of the private sector to address the escalating rate of unemployed persons in the country.

According to him, the government, on the other hand, lacks the capacity to create jobs, as doing so would create an expansion in the fiscal responsibility of government.

https://investdata.com.ng/2019/12/senate-laments-rising-unemployment-seeks-unemployment-fund/

NSE Index Decline Further, As Low Volume Signals Imminent Reversal, Entry By Smart Money


Market Update for December 9

The Nigerian stock market continued its correction for the sixth trading session, after closing positive for the month of November, forming a bearish divergent index action, just as volume traded signals that the ongoing pullback is short-term, even as players book profits.

The benchmark Nigerian Stock Exchange All Share Index (NSEASI), therefore, recorded the highest loss since October 10, closing below its 20-Day Moving Average on a low traded volume. The low supply in the market indicates an imminent reversal, with smart money likely to markup prices soon. However, let us await confirmation of the next direction.

The regulatory induced capital wave and sentiments are expected to drive economic growth and ‘buy’ interests in stocks, given the prevailing low-interest rates in the money market, which will enhance system liquidity needed to boost productivity and consumption, while supporting economic recovery in 2020. These will be given the necessary boost by the planned early passage and assent to the 2020 budget, just as the Finance Bills (READ MORE) that will support the new tax system and government revenue structure will help fund the 2020 spending plan of government.

Meanwhile, trading for the week started on the downside, which was sustained throughout the session on selloffs and profit-taking, despite the oscillation as the benchmark index touched intraday low of 26,562.25 basis points, from its high of 26,855.52bps. It thereafter retraced up, closing the session lower at 26,681.31bps on negative market breadth.

Monday’s market technicals were negative, with lower volume traded than the previous session, amidst the negative breadth and continued mixed sentiment as revealed by Investdata’s sentiment report of a 36% ‘buy’ volume and 64% sell position. The day’s total transaction volume index stood at 0.62, with strong momentum as shown by the Money Flow Index of 52.90 points, up from the previous 49.60bps. This is an indication that funds entered some stocks, despite that the market closed lower.

Index and Market Caps

At the end of the day’s trading, the NSEASI lost 174.21bps, closing at 26,681.31bps from the 26,855.52bps it opened, representing 0.65% decline, just as market capitalization fell by N84.07bn to close at N12.88tr, from N12.96tr, which also represented a 0.65% value decline in the value of investors’ portfolios.

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The day’s downturn was impacted by selloffs and lingering profit taking in Dangote Cement, Guaranty Trust Bank, Zenith Bank, UBA, Access Bank, ETI, FBNH, Oando and UACN, which impacted negatively on the NSE’s Year-to-Date loss, increasing it to 15.11%. Market capitalization gain for the period dropped to N1.02tr, representing a 9.04% growth from the year’s opening value of N11.72tr.

Bearish Sector Indices

All sectoral performance indexes were in red, except for the NSE Insurance that closed 1.25% green, while the NSE Banking led the decliners, after losing 1.94%, followed by the Industrial Goods Index’s 1.12%; while the NSE Consumer Goods and Oil/Gas indexes shed 0.13% and 0.03% respectively.

Market breadth was negative as decliners outpaced advancers in the ratio of 28:5, while market activities were mixed with volume traded dropping by a marginal 2.21% to 192.68m shares from the previous day 197.04m units. Transaction value inched up 0.45% to N3.55bn, from Friday’s N3.53bn.

AXA Mansard Insurance and Cornerstone Insurance were the best-performing stocks of the day as they topped the advancers table, chalking 9.09% and 7.94% respectively to close at N1.80 and N0.68 respectively, on the back of market forces and sentiment. On the flip side, Berger Paints, and C & I Leasing lost 10% and 9.24% respectively, closing at N6.75 and N5.40 on selloffs.

Market Outlook

We expect the mixed performance to continue as investors take advantage of the correctional profit-taking and low supply to position, ahead of the usual Santa Claus and year-end rally as capital flow and repositioning in value stocks continue. There is also the changing sentiment in the expectation of improved liquidity and positive economic indices. At the maturity of OMO investment, more funds will be available given the Central Bank of Nigeria’s restriction of the OMO market to foreign investors and domestic banks.

Again, the current undervalued state of the market offers investors opportunities to position for short and medium-to-long-term horizons. We expect that investors would target fundamentally sound and dividend-paying stocks for possible capital appreciation as the year draws down to usher in 2020, just as was noted in the 10 golden stocks and trading ideas for 2020 discussed last weekend during the Investdata 2020 Traders & Investors Summit.

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

Meanwhile, we appreciate all that made Invest 2020 Traders and Investors Summit a success. The home study pack will be available next week. To book for the 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/2019/12/nse-index-decline-further-as-low-volume-signals-imminent-reversal-entry-by-smart-money/

Drive Industrialisation, Create Wealth, Elumelu Urges African Leaders, Others


Tony Elumelu, Founder of the Tony Elumelu Foundation and Chairman, Heirs Holdings and United Bank for Africa Group, on Sunday urged African, Caribbean and Pacific (ACP) Heads of State to drive industrialization and wealth creation in their countries.

In a keynote speech on the theme “Industrialization and Private Sector Engagement for Economic Transformation of ACP States” at the Presidential Dialogue of the 9th ACP Business Summit in Nairobi, Kenya, Elumelu said in this way they would improve their operating environments.

Industrialisation, he noted, will not be achieved without support for small and medium scale enterprises (SMEs) and improved access to electricity.

“We cannot hope to industrialize if we do not fix the issue of power if our entrepreneurs spend so much of their resources to power their businesses, how then are they expected to make the investments necessary to upgrade and industrialize? If we do not tackle these pertinent issues, we will be unable to achieve industrialization, wealth creation and poverty reduction,” he said.

He highlighted infrastructure development as a critical area for achieving sustainable development, highlighting the key role the United Bank for Africa Group plays in achieving this.

“UBA is a force for development in Africa through infrastructure investment and leading the way in cross border payments and services, with the objective of encouraging trade across the continent,” he said.

While citing the impact of the flagship Entrepreneurship Programme of the Tony Elumelu Foundation, Elumelu highlighted the critical role partnership between the private and public sectors, as well as developmental organisations, play in achieving industrialization.

The TEF, the private-sector-led philanthropy, according to a statement, is on a mission to catalyse the economic transformation of the continent by empowering young African entrepreneurs – over 7,500 beneficiaries across 54 African countries thus far – through its Entrepreneurship Programme.

Elumelu shared stories of beneficiaries in Kenya, including Dr. Peter Gichuhi Mwethera, who has developed a contraceptive gel, Uniprin, aimed at preventing HIV infection; and Maureen Amakabane whose ‘Usafi Sanitation’, is bridging the sanitation gap in schools by providing waterless toilets.

According to him, “to date, we have 497 beneficiaries in Kenya, 596 in Uganda, 187 in Tanzania and 194 in Rwanda. This brings the total number of TEF Entrepreneurs in East Africa, so far, to 1,474.”

Organisations such as the UNDP, African Development Bank, the International Committee of Red Cross, and GIZ, he continued, “have helped increase the number of young entrepreneurs we can support “.

Also speaking at the event, President Uhuru Kenyatta of Kenya, agreed with the approach to development, highlighting his country’s private-sector-focused plan which has propelled the country’s ease of doing business rank from 129th position out of 190 economies in 2013 to the 56th position in 2019.

The youth of Kenya, President Kenyatta said “are tech-savvy and indeed with a huge entrepreneurial spirit. They are ready to embrace the digital revolution. We are experiencing a flourishing digital innovation ecosystem which can stimulate the rate of growth of ICT and technology innovations, and nurture vibrant tech startups and incubator hubs as Tony [Elumelu] has mentioned, of those young men and women he has supported through his family and Foundation”.

In closing, Elumelu stressed the importance of including women in the development agenda of the ACP region, commending the European Investment Bank (EIB), for its initiative “She Invest”, which is focused on mobilizing €1bn for women across Africa.

TEF, he stressed, strives “to reach the same goals of uplifting women out of poverty and empowering them with knowledge and resources. This is an invitation to join forces as we have done with the UNDP to lift 100,000 young African boys and girls out of poverty, thereby stemming migration challenges.”

Photo caption: President Uhuru Kenyatta of Kenya listening, as Tony Elumelu, Founder of the Tony Elumelu Foundation and Chairman, Heirs Holdings and UBA Group presented his keynote speech at the 9th ACP Business Summit in Kenya on December 8, 2019.

https://investdata.com.ng/2019/12/drive-industrialisation-create-wealth-elumelu-urges-african-leaders-others/