₦airaland Forum

Capital Market Can Enhance of Nigeria’s Potentials – SEC


Chairman of the Securities and Exchange Commission (SEC) board, Olufemi Lijadu, on Wednesday challenged Nigeria’s capital market stakeholders, to explore the nonoil sectors of the economy and enable it attain its full potentials.
Speaking at a breakfast meeting between the board members and the stakeholders Lijadu said the nation needs “money to develop our economy and to get the money we need to attract investors both local and foreign. To attract them, our markets need to have the basic rules that are obtainable anywhere else in the world by aligning ourselves with best practices internationally.
Given that market operators and the apex regulator have the same interest, he challenged them to collaborate in the overall interest of the market and the economy.
He expressed the commission’s readiness “to listen to you, to be accessible to you and to work with you. This meeting is the beginning of a partnership that we hope will continue.
“You are there in the market and can give us that sense of what the market is feeling and can give us that direction to frame our policies in the interest of the market”.
While expressing delight at the degree of interaction the regulator has had with the operators, the chairman expressed hope that such level of cooperation would get better.
He also expressed confidence about the level of knowledge and professionalism of stakeholders in the market, stressing that by the time views and suggestions from the interaction are collated, the market would arrive at some solutions.
“We are key pillars in the ability of our country to find solutions to its developmental needs by attracting relevant funding, together we can make our country great” he added.
Earlier in her welcome address, Acting Director-General of SEC, Ms. Mary Uduk commended the stakeholders for the support extended to the commission in the period during which it operated without a board.
She enjoined them to continue supporting the SEC in its effort to regulate and develop the market, as in her words, “you are the ones that provide us with guidance as to the direction the market should go because you are the ones at the forefront and know it first-hand.
“We are happy that we have agreed to be with us here today. We are here today to rub minds with you and further solicit your co-operation in all that we intend to do to deepen the market” she added.

Photo caption: From left, Acting Executive Commissioner Operations, Securities and Exchange Commission (SEC), Isyaku Tilde; Acting Director-General SEC, Mary Uduk; Chairman, SEC Board, Olufemi Lijadu, and Non-Executive Commissioner, Lamido Yuguda, at the Breakfast meeting between the Board of the SEC and Capital Market stakeholders in Lagos, Wednesday.

https://investdata.com.ng/2019/11/capital-market-can-enhance-of-nigerias-potentials-sec/

Nigeria’s 2019Q3 Capital Inflow Up 87.9%, Hits $5.36bn

30 States Records zero Inflows, As Lagos Snaps 92.71%

Nigeria’s National Bureau of Statistics (NBS), on Monday, published the country’s capital importation report for the third quarter ended September 30, which at $5.367bn, grew 87.9% year-on-year, over the $2.855bn reported in the corresponding period of 2018.
The import level was however 7.7% less than the $5.82bn reported in the preceding quarter.

At $2.999bn, portfolio investment was the largest amount of total capital importation by type received, accounting for 55.88%, representing 30.13% grew quarter-on-quarter, and 74.08%. It was followed by other investments amounting to $2.167bn, an increase of 66.2% quarter-on-quarter and 260.41% year-on-year; while foreign direct investment for the period aggregated $200.08m, representing 62.29% YoY, and 10.23% QoQ rise.

A breakdown of the inflow by way of portfolio investment during the period under review showed that money market instruments pooled $2.549bn, an increase of 26.73% QoQ and 97.48% YoY; followed by the $358.19m from equity segment, which rose 27.91% QoQ and 9.20% YoY; while capital importation into the bonds segment climbed 71.40% QoQ and 144.42% YoY to $91.6m in the third quarter.

For other investment, which accounted for 40.39% of total capital, the highest inflow was seen in loans, at $1.774bn, representing a 99.21% QoQ growth and 216.24% YoY climb; followed from afar by the $393.1m inflow from other claims that increased by 1,056.22% YoY and 4.9% QoQ; while trade credits and currency deposits recorded zero inflows.

For Foreign Direct Investment FDI, which at $200.08m, accounted for 3.73% of total capital imported in Q3 2019, the lion’s share flowed in by way of the $196.38m, an 11.89% increase QoQ and 62.99% YoY; just as “other capital” accounted for $3.7m.
By sector, capital importation by banking dominated Q3 2019 at $1.756bn of the total capital importation in the period under review, followed by financing, $1.476bn; telecoms and capital market followed by $884.85m and $774.69m respectively, among others. While capital importation into the banking sector accounted for 32.74%, financing amounted to 27.51%; telecoms, 16.94%; and shares, 14.44%, among others.

The United Kingdom emerged as the top source of capital investment inflows to Nigeria in Q3 2019 with $2.011bn, representing 37.47% of the total; ahead of the $1.232bn from the U.S; with South Africa accounting for $708.77m.
Lagos retained its position as the prime destination for investment inflows in the country with its $4.976bn, accounting for 92.71% of the total. While Abuja came a distant second with its $381.19m, 30 states recorded zero capital inflow, as only Edo, Kano, Kaduna, Ogun, Rivers, and Oyo, recorded very marginal inflow.

By bank, Stanbic IBTC Bank Plc remained the most significant receiver of capital investment in Nigeria with $1.63bn, accounting for 30.38% of the total capital inflow in Q3 2019; ahead of Ecobank Nigeria’s $754.38m; followed by the $502.47m through Standard Chartered Bank. Access Bank was next with $447.55m and $350.95m by Citibank.

https://investdata.com.ng/2019/11/nigerias-2019q3-capital-inflow-up-87-9-hits-5-36bn/

Investdata Daily Sentiment Report as of 28 November, 2019

NSEASI buy 7% sell 93% MFI 49.49
Access buy 0% MFI 60.76
Aiico buy 0% volume index 1.32 MFI 73.45
Cadbury buy 0% volume index 9.22 MFI 18.73
Chams buy 0% volume index 7.46 MFI 46.83
Corner buy 88% sell 12% volume index 6.76 MFI 30.63
Dangsugar buy � volume index 1.07 MFI 88.03
ETI sell � volume index 0.46, MFI 57.47
Fbnh buy 10% sell 90% MFI 68.75
Fcmb buy � volume index 0.78 MFI 64.80
Fidelity buy 0% volume index 0.94 MFI 60.06
GT buy � MFI 74.29
Honyflour buy � volume index 0.85 MFI 79.94
Jaiz buy 0% MFI 95.96
Japaul buy 0% volume index 3.17 MFI 61.84
Nahco buy � volume index 1.14 MFI 64.80
Oando buy 17% sell 83% volume index 1.39 MFI 70.53
Regalins buy 50% sell 50% volume index 9.25 MFI 27.52
Transcorp buy 50% sell 50% volume index 2.11 MFI 51.69
Uacn buy 0% volume index 0.70 MFI 57.76
Uba buy � MFI 73.57
Ucap buy � volume index 1.13 MFI 60.32
Wapic buy � volume index 1.72 MFI 78.71
Wema buy 0% volume index 1.04 MFI 59.09
Zenith buy 50% sell 50% MFI 83.46

https://investdataltd..com/2019/11/investdata-daily-sentiment-report-as-of_4.html

Sentiment Report as of November 27, 2019

NSEASI buy 0% MFI 49.14
Access buy 43% sell 57% MFI 63.18
Afrprud buy 0% volume index 0.86 MFI 52.01
Aiico buy 0% MFI 72.71
Corner buy 0% volume index 2.35 MFI 48.98
Cutix buy 0% volume index 6.85 MFI 61.02
Dangcem buy � volume index 2.19 MFI 18.15
Dangsugar buy 70% sell 30% volume index 6.98 MFI 92.18
Fbnh buy 75% sell 25% volume index 0.91 MFI 69.47
Fcmb buy � MFI 72.63
Fidelity buy � volume index 1.08 MFI 62.01
GT buy 33% sell 67% volume index 0.85 MFI 75.46
Honyflour buy � volume index 1.07 MFI 79.11
Jaiz buy � MFI 95.30
Japaul buy � volume index 2.35 MFI 100.00
Lasaco buy � volume index 3.11 MFI 46.96
Mtnn buy 0% volume index 1.21 MFI 44.67
Neimeth buy � volume index 2.58 MFI 99.85
Regalins buy � volume index 4.74 MFI 90.83
Sterling buy � MFI 65.09
Transcorp buy � volume index 0.90 MFI 63.85
Uacn buy � MFI 59.41
Uba buy 33% sell 67% MFI 65.19
Ucap buy 45% sell 55% volume index 5.53 MFI 64.20
Unity buy 0% volume index 1.46 MFI 60.12
Upl buy � volume index 2.88 MFI 30.15
Wapic buy 0% MFI 72.11
Wema buy � MFI 56.51
Zenith buy 0% MFI 83.26

https://investdataltd..com/2019/11/investdata-daily-sentiment-report-as-of_28.html?m=1

MARKET REVIEW FOR THE WEEK ENDED NOVEMBER 22, 2019

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Intraday Oscillation May Linger On Profit Taking, As Investors Await Outcome Of MPC Meeting

Market Update for November 25
Nigeria’s stock market started off the last week of the month of November with a mixed session on Monday, the same day the Central Bank of Nigeria (CBN) began the final two-day meeting of its Monetary Policy Committee (MPC) for 2019. The session was dominated by profit-taking and demand for stocks, continuing its bull-run on a low traded volume, just as sell position stood at 57%, with buy volume at 43% and Transaction Volume Index of 0.73.

Buying interest in Consumer Goods stocks: Nestle, Cadbury and Dangote Sugar; as well as insurance stocks lifted the market’s benchmark All Share index during the session.
We note that the new price methodology introduced not too long ago by the management of the Nigerian Stock Exchange (NSE) has boosted trading activities in stocks selling below N100 per share, especially the kobo equities requiring a small amount of money to move their prices. The situation has made stock in this class very volatile on the exchange, creating wealth for traders in the process. However, such stocks are equally very risky, just as the slow movement in highly capitalized stocks and have reduced the rate of the southward movement of the market index directly or indirectly.

Meanwhile, trading on Monday opened on the upside and was sustained till midday before starting an up-down movement by the afternoon on profit-booking in some equities that had rallied earlier. Demand for stocks, pushed the NSE index to intraday high of 27,109.29 basis points, from its low of 26,980.27bps, before closing the session higher above 27,000 psychological line, at 27,035.78bps on positive breadth.

Monday market technicals were positive and mixed, with volume traded higher than the previous day, with breadth favouring the bulls, just as sentiment were mixed as revealed by Investdata’s sentiment report. The momentum behind the day’s performance was slightly down, with Money Flow Index reading 48.33 points, from the previous 49.55bps, indicating that funds left some stocks, despite the fact that the market closed in green.

Index and Market Cap
The All Share index, at the end of the session gained a marginal 44.36bps, closing at 27,035.78bps from its 26,991.42bps opening, representing a 0.16% growth, while market capitalization rose by N21.41bn, closing at N13.05tr, from an opening value of N13.03tr, which also represented a 0.16% value gain.

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The day’s upturn was driven by buying an interest in Nestle, Stanbic IBTC, Guaranty Trust Bank, Presco, Cadbury, UACN, Dangote Sugar, Fidelity Bank, Wema Bank, and Transcorp. These impacted positively on the NSE’s Year-to-Date loss, reducing it to 13.98%, while market capitalization gain increased to N1.32tr, representing 11.30% growth from the year’s opening value of N11.72tr.

Mixed Sector Indices
The sectoral performance indexes were largely bearish, except for the NSE Consumer Goods and Insurance that closed higher by 2.73% and 0.39% respectively, while the NSE Industrial Goods index led the decliners, after shedding 0.49%. It was followed by the NSE Banking with 0.32% down and NSE Oil/Gas index, 0.12%.
Market breadth remained positive as advancers outnumbered decliners in the ratio of 20:16, while market activities were up in volume and value traded by 11.21% and 13.03% respectively to 230.65m shares worth N3.21bn, from previous day’s 207.4m units valued at N2.84bn. This volume was boosted by transactions in banking stocks like Zenith Bank, FBNH, and Guaranty Trust Bank. Activities of these banks were more sell than buy transactions.

Law Union Insurance and Jaiz Bank were the best-performing stocks for the session, topping the advancers table, after gaining 10% and 9.52% respectively to close at N0.66 and N0.69 each, on the back of market sentiments and forces. On the flip side, Okomu Oil and Cutix lost 9.73% and 9.52% respectively, closing at N49.65 and N1.33 on market forces.

Market Outlook
We expect the intraday oscillation to continue on profit-taking and outcome of the MPC meeting that will close tomorrow to give clear direction If this capital wave and repositioning in value stocks will persist. The changing sentiments in expectation of improved liquidity as interest rates drop in the money market had trigger buying interest in stocks regardless of a high risk that is associated with investing equity.

The current undervalued state of the market offers investors opportunities to position for short and medium-to-long-term views. We expect that investors would target fundamentally sound and dividend-paying stocks for possible capital appreciation as the year draws down.
Also, traders and investors need to change their trading strategies due to NSE’s pricing methodology, CBN directives and its impact on the economy in the nearest future, and another fiscal policy initiative that may provide liquidity for the economy and market.

https://investdata.com.ng/2019/11/intraday-oscillation-may-linger-on-profit-taking-as-investors-await-outcome-of-mpc-meeting/#more

Nigeria’s 2019Q3 Capital Inflow Up 87.9%, Hits $5.36bn

30 States Records zero Inflows, As Lagos Snaps 92.71%

Nigeria’s National Bureau of Statistics (NBS), on Monday, published the country’s capital importation report for the third quarter ended September 30, which at $5.367bn, grew 87.9% year-on-year, over the $2.855bn reported in the corresponding period of 2018.
The import level was however 7.7% less than the $5.82bn reported in the preceding quarter.

At $2.999bn, portfolio investment was the largest amount of total capital importation by type received, accounting for 55.88%, representing 30.13% grew quarter-on-quarter, and 74.08%. It was followed by other investments amounting to $2.167bn, an increase of 66.2% quarter-on-quarter and 260.41% year-on-year; while foreign direct investment for the period aggregated $200.08m, representing 62.29% YoY, and 10.23% QoQ rise.

A breakdown of the inflow by way of portfolio investment during the period under review showed that money market instruments pooled $2.549bn, an increase of 26.73% QoQ and 97.48% YoY; followed by the $358.19m from equity segment, which rose 27.91% QoQ and 9.20% YoY; while capital importation into the bonds segment climbed 71.40% QoQ and 144.42% YoY to $91.6m in the third quarter.

For other investment, which accounted for 40.39% of total capital, the highest inflow was seen in loans, at $1.774bn, representing a 99.21% QoQ growth and 216.24% YoY climb; followed from afar by the $393.1m inflow from other claims that increased by 1,056.22% YoY and 4.9% QoQ; while trade credits and currency deposits recorded zero inflows.
For Foreign Direct Investment FDI, which at $200.08m, accounted for 3.73% of total capital imported in Q3 2019, the lion’s share flowed in by way of the $196.38m, an 11.89% increase QoQ and 62.99% YoY; just as “other capital” accounted for $3.7m.

By sector, capital importation by banking dominated Q3 2019 at $1.756bn of the total capital importation in the period under review, followed by financing, $1.476bn; telecoms and capital market followed by $884.85m and $774.69m respectively, among others. While capital importation into the banking sector accounted for 32.74%, financing amounted to 27.51%; telecoms, 16.94%; and shares, 14.44%, among others.

The United Kingdom emerged as the top source of capital investment inflows to Nigeria in Q3 2019 with $2.011bn, representing 37.47% of the total; ahead of the $1.232bn from the U.S; with South Africa accounting for $708.77m.

Lagos retained its position as the prime destination for investment inflows in the country with its $4.976bn, accounting for 92.71% of the total. While Abuja came a distant second with its $381.19m, 30 states recorded zero capital inflow, as only Edo, Kano, Kaduna, Ogun, Rivers, and Oyo, recorded very marginal inflow.

By bank, Stanbic IBTC Bank Plc remained the most significant receiver of capital investment in Nigeria with $1.63bn, accounting for 30.38% of the total capital inflow in Q3 2019; ahead of Ecobank Nigeria’s $754.38m; followed by the $502.47m through Standard Chartered Bank. Access Bank was next with $447.55m and $350.95m by Citibank.

https://investdata.com.ng/2019/11/nigerias-2019q3-capital-inflow-up-87-9-hits-5-36bn/

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Profit Taking Ahead, Amidst Month-end Window Dressing, Santa Claus Rally Market

Update for The Week ended November 22 and Outlook for Nov 25-29

The benchmark All-Share index of the Nigerian Stock Exchange (NSE) rallied in the past week on sustained positive sentiments as demand for equity assets increased as a result of the lower rate and declining yields in the fixed income markets. This was due to the unconventional monetary policy adopted by the Central Bank of Nigeria (CBN) that helped to release liquidity to the nation’s private sector and drive economic growth.

Despite the uptrend in stock prices, the two released economic data: the Consumer Price Index and the third-quarter GDP, had traces of mixed performance and weakness. While the CPI came in worse than expected at 11.61%, a spike up from 11.24% in September, Q3 GDP came stronger at 2.28%, as against the previous quarter’s 2.12%, which had been revised from the earlier stated 1.94%.

The Q3 GDP growth was despite a slowdown in some sectors and uptick in others, just as inflation rate jumped for the second consecutive month after falling to 11.02%, in August, its lowest point in three years.

Besides the nation’s land border closure, heavy rainfalls affected farm produce, just as imported food inflation combined to further heighten inflationary pressure during the month as demand for goods and services increased ahead of the oncoming festive period. The economic growth recorded in Q3 was despite the weak expansion in the oil sector, indicating that other sectors are gradually looking, thereby reflecting the impact of the CBN’s policy directives. This is a call to the fiscal authorities to complement the monetary policy initiatives by implementing the capital budget and in the process boosting the tempo of economic recovery.

Manufacturing sector activities picked up again in October, as shown in the Purchasing Managers Index (PMI), which moved 20 points to 57.90 points from the 57.70 points recorded in September 2019.
The global stock markets had a mixed performance during the week under consideration, despite the seemingly positive economic outlook for the rest of the year and 2020, as the trade war tension between the U.S and China slows down on the expected deal. This had left the stock market volatile through the week, but rebounded on Friday on news that President Donald Trump believes a trade deal is “very close”.

Movement Of NSEASI
Back home, the market maintained a positive buying interest on a higher traded volume during the period, despite the NSE index opening the week negative, after losing 0.60%, a situation that was attributed to profit-taking, as well as the delisting of Dangote Flour Mills, following the consummation after being acquired by Olams International for N120bn.

The loss was halted Tuesday when the index gained 0.18%, a situation that was sustained for the rest of the week on demand for Consumer Goods, Oil, Insurance and Banking stocks. On Wednesday, Thursday and Friday, the index gained 0.14%, 0.36%, and 0.44% respectively, bringing the week’s total gain to 0.52%.

The NSE All-Share index opened for the week at 26,851.68basis points and closed at 26,991.42bps, after testing an intra-week high of 27,039.80bps, on strong demand for all class of stocks.
Medium and low cap stocks dominated the top gainer table for the week as profit-taking hit highly capitalized stocks, with fund managers’ targeting high dividend-paying and blue-chip stocks ahead of the year’s final Monetary Policy Committee (MPC) meeting and the year-end. More stocks closed higher, following a capital wave in the local financial market.

Market breadth closed positive, with advancers outnumbering decliners in the ratio of 40:23, while the momentum behind the week’s performance came stronger with Money Flow Index reading 57.46bps, compared to 51.46bps in the previous week, indicating that funds entered some stocks and the market at large.

The week’s trading pattern showed that investors and traders are taking advantage of the prevailing low prices and expected an uptick in manufacturing activities, due to the impact of lower rates, resulting in reduced cost of funds and the consequent boost in demand expected to create employment. Also, Investdata Sentiment Report for the week revealed a strong buying pressure, with ‘buy’ volume at 87%, and ‘sell’ position of 13%, on a transaction volume index of 1.03.

NSEASI Weekly Time Frame
The positive momentum behind the current uptrend of the NSE Index suggests a bull rally in a bearish channel as revealed by the chart above. However, the sustainability of this trend is a function of market forces, depending also on the outcome of the two-day MPC meeting, which opens tomorrow in Abuja, and the continued flow of funds into undervalued equity assets. The daily and weekly candlestick patterns signal short-term profit-taking, being the last trading week for the month, ahead of the Santa Claus rally and end of year window dressing by fund managers and quoted companies.

On a weekly and daily time frame, MACD has turned bullish as the composite NSE index sustained an uptrend signaling the possibility of recovery as demand for stocks continues to look up in the midst of profit-taking. The recent economic data should strengthen investor confidence on the back of the recovery seen in the economy as demonstrated by the latest GDP data, as well as the buying interest in stocks that was seen during the week under review.

The NSEASI on a weekly time frame tested the 20-Day Moving Average as it is set to breakout or pullback, while on daily time frame, the index had broken out the 50-Day Moving Average on divergence in the index action and volume traded. It also signals a high possibility of reversal any moment from now on profit booking. The Relative Strength Index reads 39.77, indicates strength, despite being in the oversold region. However, money flow is reading 57.46 points and looking up on the weekly chart.

Mixed Sectoral Indices
The week’s sectorial performance indexes closed largely bullish, except for the NSE Industrial Goods and Banking that closed lower by 2.25% and 0.86% respectively, while the NSE Consumer Goods Index led the advancers after gaining 6.02%, followed by the NSE Oil/Gas and Insurance which were up 2.46% and 0.46%.
Market activities, in terms of volume and value for the week were down by 31.73%% and 49.07% respectively, as 1.42bn shares worth N17.25bn, exchanged hands as against the previous week’s 2.08bn units valued at N33.87bn. The week’s transaction volume was driven by heavy trading in UACN, FBNH and Access Bank. Also, during the week the share price of Airtel Africa, Global Spectrum Energy Service and Nigerian Breweries were adjusted for interim dividends of N9.20, five kobo and N0.50 respectively.

The best-performing stocks for the period were Neimeth and Cornerstone Insurance, which topped the advancers’ chart, after gaining 40% and 35.48% respectively, to close at N0.56 and N0.84 per share on market forces and sentiments. On the flip side, Lasaco Assurance and Jaiz Bank lost 20.69% and 11.27% respectively, closing at N0.23 and N0.63, on market forces and profit-taking.

Market Outlook
Being the last trading week of November and last MPC meeting for the year, we expect mixed performance in the new week, on profit-taking, capital wave and outcome of MPC meeting depending on the vote on whether to retain the benchmark Monetary Policy Rate (MPR) at 13.5%, or cut it, considering the latest spike in the inflation rate of 11.61% and Q3 GDP growth of 2.28%. Expect local fund managers to extend their position in undervalued equities with sound fundamentals. As, domestic economy macroeconomic indicators look seemingly positive ahead of policy statements and economic reforms.

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 to give 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.

https://investdata.com.ng/2019/11/profit-taking-ahead-amidst-month-year-end-window-dressing-santa-claus-rally-market/

Investdata Weekly Sentiment Report

NSEASI buy 87% sell 13% volume index 1.06 MFI 58.65
Access buy 75% sell 25% volume index 1.38 MFI 82.72
Afrprud buy 60% sell 40% volume index 0.71 MFI 75.41
Aiico buy 0% volume index 3.72 MFI 57.24
Caverton buy � MFI 40.82
Ccnn buy 50% sell 50% MFI 67.38
Chams buy � volume index 1.29 MFI 52.82
Chiplc buy � MFI 45.02
Conoil buy � volume index 1.38 MFI 22.40
Corner buy � MFI 92.64
Cutix buy � volume index 1.11 MFI 53.44
Dangcem buy 40% sell 60% volume index 1.50 MFI 25.78
Dangsugar buy 81% sell 19% volume index 5.89 MFI 78.97
Eti buy 25% sell 75% volume index 1.16 MFI 69.13
Fbnh buy 77% sell 23% volume index 2.18 MFI 76.59
Fcmb buy 73% sell 27% volume index 0.92 MFI 60.71
Fidelity buy 50% sell 50% volume index 1.44 MFI 74.76
Fmn buy � MFI 80.27
Fo buy � volume index 1.07 MFI 40.58
GT buy 62% sell 38% MFI 50.56
Honyflour buy 40% sell 60% volume index 2.35 MFI 80.15
Jaiz buy 0% volume index 0.76 MFI 99.17
JBerger buy � volume index 0.74 MFI 36.91
Lasaco buy 0% volume index 1.35 MFI 41.04
Lawunion buy 83% sell 17% MFI 97.83
Learn buy 95% sell 5% volume index 1.64 MFI 41.10
Linkass buy 0% volume index 7.63 MFI 86.62
Lvstk buy � volume index 0.99 MFI 50.80
Mansard buy � MFI 46.86
Mtnn buy 16% sell 84% MFI 59.15
Nahco buy 10% sell 90% volume index 3.59 MFI 86.41
Nascon buy 0% volume index 0.74 MFI 25.92
Neimeth buy � volume index 4.37 MFI 39.28
Nem buy � volume index 0.97 MFI 71.73
Nestle buy � MFI 59.41
Npf buy � volume index 1.00 MFI 56.21
Oando buy 97% sell 3% volume index 0.97 MFI 59.47
Okomu buy � volume index 1.28 MFI 70.59
Pz buy 50% sell 50% volume index 1.56 MFI 40.48
Stanbic buy � MFI 50.95
Sterling buy 0% MFI 48.65
Transcorp buy 14% sell 86% volume index 0.84 MFI 57.70
Uacp buy � MFI 64.91
Uacn buy � volume index 8.75 MFI 84.10
Uba buy 65% sell 35% volume index 1.33 MFI 90.09
Ucap buy 40% sell 60% volume index 2.72 MFI 57.19
Unilever buy 0% MFI 27.52
Unity buy 0% volume index 2.20 MFI 49.54
Upl buy 85% sell 15% volume index 1.44 MFI 43.54
Vitafoam buy � volume index 1.13 MFI 37.83
Wapco buy 0% volume index 1.07 MFI 56.62
Wapic buy 33% sell 67% MFI 36.87
Wema buy 25% sell 75% MFI 78.54
Zenith buy 33% sell 67% volume index 0.75 MFI 60.35

https://investdataltd..com/2019/11/investdata-weekly-sentiment-report_24.html

Investdata Price & Earnings Tracking For Week end November 22, 2019

https://investdata.com.ng/2019/11/investdata-price-earnings-tracking-for-week-end-november-22-2019/#more

NGSE Index Seeks Direction, As Investors Digest Impacts Of Emerging Economic Data, Devts

Market Update for November 19
The Nigerian Stock Exchange closed higher on Tuesday, halting the previous day’s loss position in the midst of profit-taking, amidst the ongoing interpretation of recent economic data and corporate earnings in relation to the different investment windows as capital wave continued finding a destination for higher returns.
There are the telling effects of the expected rise in market liquidity level and indeed the economy at large, due to the sharp drop in money market rates, just as the Loans to Deposit ratio of banks has been raised from 60% to 65% at the end of this quarter. These are some of the measures put in place by the Central Bank of Nigeria (CBN) to make funds available to the private sector, for boosting productivity and economic activities necessary for driving national growth and development.

Tuesday’s trading started on the downside in the morning and rebounded at the mid-morning to the afternoon on a sustained oscillation during the session, as the NSE All-Share index touched intraday low of 26,659.90 basis points, from its high of 26,861.14bps. It finally finished the day higher at 26,739.44bps, on an above-average traded volume.

The session’s market technicals were positive and mixed, as volume traded was higher than previous day’s, with breadth favouring the bulls, just as there mixed sentiment dominated trading as revealed by Investdata’s reports showing a ‘buy’ volume of 40% and ‘sell’ position of 60%. The day’s Transaction Volume Index stood at 1.25, while energy behind the day’s performance slowed down with Money Flow Index reading 49.65 points, from the previous session’s 50.84bps, indicating that funds exited some stocks and the market, despite closing higher for the day.

Index and Market Cap
The All Share Index, at the end of Tuesday’s trading, gained 48.35bps, closing at 26,739.44bps from its 26,691.09bps opening, which represented a 0.18% up, just as market capitalization was up by N23.34bn, closing at N12.91tr, from an opening value of N12.88tr, which also represented a 0.18% 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 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.

Midweek’s upturn was driven by ‘buy’ interests in stocks like MTN Nigeria, FBN Holdings, UBA, Access Bank, Forte Oil, Conoil, UACN, NB, Dangote Sugar, and Honeywell. These impacted positively on the NSE’s Year-to-Date loss, reducing it to 14.93%, while market capitalization gain increased to N1.17tr, representing 10.09% growth from the year’s opening value of N11.72tr.

Mixed Sector Indices
The sectoral performance indexes were largely bearish, except for the NSE Oil/Gas and Consumers Goods that closed by 0.49% and 0.32% higher respectively, while THE NSE Insurance index led the decliners, losing 0.40%. It was followed by the NSE Industrial Goods and Banking indexes which fell by 0.38% and 0.11% respectively,
Market breadth remained positive as advancers outnumbered decliners in the ratio of 20:13, while market activities were up in volume and value traded by 28.05% and 157.48% respectively to 394.35m shares worth N6.54bn from previous day’s 307.96m units valued at N2.54bn. Volume was boosted by transactions in UACN, FBNH, Access BankZenith Bank and UBA.

Again Healthcare company, Ekocorp, and Conoil were the best-performing stocks, topping the advancers table, after gaining 10% and 9.74% respectively to close at N4.07 and N16.90 each, on the back of market sentiment and forces. On the flip side, ABC Transport and United Capital lost 8.89% and 5.22% respectively, closing at N0.41 and N2.18on profit-taking.

Market Outlook
We expect mixed performance to continue on a capital wave, profit-taking and repositioning in value stocks as market players digest the rising inflation and its impacts on investment returns. The changing sentiments in expectation of improved liquidity as interest rates drop in the money market ahead of the MPC meeting should guide investors. The current undervalued state of the market offer investors opportunities to position for short and medium-to-long-term views. We expect that investors would target fundamentally sound and dividend-paying stocks for possible capital appreciation as the year draws down.
Also, traders and investors need to change their trading strategies due to NSE’s pricing methodology, CBN directives and its impact on the economy in the nearest future, and another fiscal policy initiative that may provide liquidity for the economy and market.

https://investdata.com.ng/2019/11/ngse-index-seeks-direction-as-investors-digest-impacts-of-emerging-economic-data-devts/

Devt Agenda Must Prioritise Jobs, Growth, Gender, For Africa’s Stability- Elumelu

Founder of the Tony Elumelu Foundation (TEF) and Chairman, United Bank for Africa Plc, Tony Elumelu, has challenged African leaders to prioritise youth employment, inclusive growth and gender diversity to promote the continent’s development agenda for peace and stability.

Speaking at a high-level panel with President Macky Sall of Senegal, and Mohamed Ould Ghazouani, his Mauritanian counterpart, Elumelu stressed the urgency in tackling poverty, which remains the root cause of extremism in Africa.
He urged all stakeholders – the private sector, government, and development partners to collaborate to win the war against poverty and insecurity, in addition to stemming “the migration of our young people crossing the Mediterranean through harsh conditions, in search of hope.

“We know, and we say, that poverty anywhere is a threat to mankind everywhere. What manifests itself in what we call security breakdown or terrorism, or extremism is actually deeply rooted in poverty, in joblessness So with due respect, we can have 101 seminars like this but unless and until we begin to address these issues of poverty, joblessness amongst our young ones, they will continue to allow themselves to be brainwashed by people who see no future, and they will continue to engage in extremism,” he noted.
Africa, he stressed, has more opportunities and resources, calling for collaboration by all “to ensure that extremism is totally annihilated in Africa. It is possible but we need to work together to achieve this.”
While stressing the importance of discussing weaponry, and other means to deal with insurgency, lasting peace, he stressed, is only attainable in the long run by investing in young people across Africa.

He cited the impact of the Tony Elumelu Foundation’s $100m Entrepreneurship Programme as one practical way the private sector in Africa can intervene to bring about peace and stability on the continent.
Elumelu recalled the partnership between the United Nations Development Programme (UNDP) and the TEF to empower 100,000 young Africans in 10 years with a focus on the Sahel region for its first year, besides those with international development agencies like the GIZ and the International Committee of the Red Cross.

He reiterated that only “activities and interventions like this will help to bring economic hope to people in this part of the world and they will become less involved in extremism. We support these young ones and we are beginning to see how their successes are translated into better and more secure communities.”
Elumelu pointed out that businesses cannot flourish, or countries attract global private capital needed for large infrastructure projects and long-term investments which can help to fix the economy, where there is extremism and people are afraid for their lives.

Also speaking, President Macky Sall agreed for public sector to collaborate with the private sector in tackling poverty on the continent, because according to him, “addressing the threats cannot be done on a standalone basis due to the fact that the challenges know no borders.”
He called for a more collaborative approach to alleviate violence and extremism to boost investments in Africa.
Other speakers on the panel included Florence Parly, Defence Minister of France; and Pierre Buyoya former President of Burundi and representative of the African Union.

Caption: L-R: Pierre Buyoya, former President of Burundi and representative of the African Union; H.E. Mohamed Ould Ghazouani, President of Mauritania; H.E. Macky Sall, President of Senegal, Florence Parly, Minister of Defence, France and Tony. O. Elumelu C.O.N, Founder, Tony Elumelu Foundation and Chairman, United Bank for Africa Group (UBA); at a high-level panel on Peace and Security in Africa at the Dakar International Forum on November 18, 2019.

https://investdata.com.ng/2019/11/devt-agenda-must-prioritise-jobs-growth-gender-for-africas-stability-elumelu/#more

FG Records N378.98bn Deficit In Oct, As Federally-Collected Revenue Down 28%

Latest data by the Central Bank of Nigeria (CBN) showed that the fiscal operations of the Federal Government for the month of October suffered an estimated total deficit of N378.98bn, representing a significant 137.06% rise over the N159.87bn anticipated in the budget for the month.

According to the CBN’s Economic Report for the month, gross federally-collected revenue fell to N894.09bn, 28.2% below the N1.246tr budget estimate for the period; and 0.9% less than the previous month’s revenue.

The report attributed the decline, relative to the monthly budget estimate to (the) shortfall in both oil and non-oil revenue after oil receipts representing 64.6% of total stood at N577.3bn. It was below the monthly budget estimate of N798.83bn by 27.7%, even as it exceeded the N467.58bn earned in September by 23.5%.
“The decrease in oil revenue relative to the monthly budget estimate was attributed to shut-ins and shut-downs at some NNPC (Nigerian National Petroleum Corporation) terminals due to pipeline leakages and maintenance activities,” the report noted.

Also, the non-oil receipts for the month stood at N316.79bn or 35.4% of total revenue, which was below the monthly budget estimate of N447.24bn or 29.2%, and the preceding month’s N434.52bn or 27.1%.
The report blamed the drop in collection on the decline in revenue from corporate tax, Value Added Tax, Education Tax, and Federal Government’s independent revenue.

In all, the total allocation to the three tiers of government in October 2019 stood at N673.01bn, 38.3% lower than the monthly budget estimate of N1.09tr and the preceding month’s N676.9bn by 0.6%.
The Federal Government received an estimated N316.91bn as retained revenue for the period, 55.1% below the monthly budget estimate of N705.44bn. A breakdown showed that Federation.

Total federal expenditure for the period dropped from the N865.31bn monthly budget estimate by 19.6% to N695.89bn, just as it was also below the N949.56bn recorded in the preceding month by 26.7%.
A breakdown of the federal government’s expenditure for the month under review, according to the CBN, showed that recurrent gulped 57%, leaving 37.3% for capital spending, while transfers constituted 5.7%.

A further breakdown of the recurrent expenditure showed that non-debt obligation accounted for 76.8%, and debt service payments, 23.2%.
Within the period also, cumulative foreign exchange inflow into, and outflow from, the Nigerian economy stood at $10.89bn and $5.14bn, respectively, resulting in a net inflow of $5.75bn.

Total foreign exchange sales by the CBN to the authorised dealers for the period stood at $2.79bn, compared with $2.8bn in the preceding month, just as gross external reserves dropped to $39.6bn, compared with $40.7bn at the end-September 2019.

FG Records N378.98bn Deficit In Oct, As Federally-Collected Revenue Down 28%


https://investdata.com.ng/2019/11/fg-records-n378-98bn-deficit-in-oct-as-federal-revenue-down-28/

NGSE Index Bows To Profit Taking Pressure, Inflation Fears, As Investors Realign Portfolios
Market Update for November 18
Trading activities on the Nigerian Stock Exchange (NSE) on Monday bowed to the expected profit-taking pressure, capital wave and disappointing inflation report for October which rose to 17 months high at 11.61%, from September’s 11.24%. The rise in Consumer Price Index further dragged returns on Treasury Bills into negative territories, following which fixed income market yields are already threatened. This is due to the clash in fiscal and monetary policies arising from the impact of the three-month closure of Nigeria’s land borders to check smuggling. Although, the effects of the closure have not all been negative, given the drop in the country’s consumption of petroleum products. There is also inflationary impacts such as the heavy rainfall that affected farm produce, the increasing demand for goods in preparation for the festive season that is just weeks away, as well as the recent drop in money market rates that further pushed inflation up, as a result of the expected increase in consumption.

When we factor in the latent impact of the border closure and subsequent rise in food prices, Nigeria’s effective inflation rate may actually be around 16%, which is one reason foreign investors are watching with concern to see how long the country can defend its Naira before it completely unravels the hidden effects of the policy mismatch and summersault on the economy. Low and falling inflation, according to analysts, indicates that the economy has considerable spare capacity, implying that there is scope for monetary policy to support further gains in employment without risking economic overheating.

Also, a low-interest rate will support and drive economic growth by making available, cheap funds that will make housing more affordable, for example, and allow more homeowners to refinance. Lower corporate bond rates will encourage investment, just as higher stock prices will boost consumer wealth and help increase confidence, which can also spur spending. Increased spending will ultimately lead to higher incomes and profits that, in a virtuous circle, will further support economic expansion.

Meanwhile, Monday’s trading opened on the downside as profit booking from last week’s rally hit the market and was sustained all day long, despite the oscillation during the session, as the NSE index touched intraday low of 26,666.40 basis points, from its high of 26,851.68bps. It, therefore, closed the day lower at 26,691.09bps on a low traded volume.
Market technicals for the session were negative and mixed in the midst of positive breadth and mixed sentiment as revealed by Investdata’s reports showing a 'buy' volume of 52% and ‘sell' position of 48%. The day’s Transaction Volume Index stood at 1.01, while the momentum behind the day’s performance slowed down with Money Flow Index reading 50.84 points, from the previous session’s 57.87bps. This is an indication that funds exited some stocks and the market as funds flow to FGN Bonds.

Index and Market Cap
At the end of Monday’s trading, the All-Share Index lost 160.59bps, closing at 26,691.09bps from its 26,851.68bps opening, which represented a 0.60% decline, just as market capitalization lost N188.76bn, closing at N12.88tr, from an opening value of N13.07tr. This represented a 1.44% value loss, resulting from Monday’s delisting of Dangote Flour Mills, following its acquisition by Olams International through its subsidiary- Crown Flour Limited (<a href="https://investdata.com.ng/2019/11/aftermath-of-olam-acquisition-ngse-delists-dangote-flour-mills/">READ MORE</a>.

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.
The day’s decline was driven by profit-taking in stocks like Zenith Bank, Access Bank, UBA, FBN Holdings. Ecobank Transnational Incorporated, Wema Bank, Okomu Oil, and Transcorp Plc. These impacted negatively on the NSE’s Year-to-Date loss, which increased to 15.08%, while market capitalization gain dropped to N1.16tr, representing 9.91% growth over the year’s N11.72tr opening value.

Mixed Sector Indices
The sectoral performance indexes were largely bullish, except for NSE Banking that closed 2% lower on profit-taking, while the NSE Consumer Goods index led the advancers, after gaining 0.42%, followed by the NSE Insurances index which climbed 0.01% up, just as the NSE Industrial Goods and Oil/Gas closed flat.

Market breadth remained positive as advancers outnumbered decliners in the ratio of 16:14, while market activities were down in volume and value traded by 34.48% and 54.56% respectively to 307.96m shares worth N2.54bn from previous day’s 459.99m units valued at N5.59bn. This volume was driven by transactions in UACN, Zenith Bank, UBA, Access Bank and FBNH.
Nemeith Pharmaceuticals and Jaiz Bank were the best-performing stocks, topping the advancers table, after gaining 10% and 9.86% respectively to close at N0.44 and N0.78 each, on the back of market forces and sentiments. On the flip side, Wema Bank and FCMB lost 7.89% and 7.50% respectively, closing at N0.70 and N1.99 purely on profit-taking and market forces.

Market Outlook
We expect mixed performance to continue on capital wave, profit-taking, repositioning in value stocks and portfolio adjustment as market players digest the Q3 scorecards and read unfolding sentiment in expectation of improved liquidity as interest rates drop in the money market ahead of MPC meeting. The recent NSE’s new lows offer investors opportunities to position for short and medium-to-long-term views. We expect that investors would target fundamentally sound and dividend-paying stocks for possible capital appreciation as the year draws down.
Also, traders and investors need to change their trading strategies due to NSE’s pricing methodology, CBN directives and its impact on the economy in the nearest future, as well as other fiscal policy initiatives that may provide liquidity for the economy and market.

Take Action
INVEST 2020: Opportunities and Trade Ideas Summit
Sub-Topics
A. Recession or Boom: Five Trading Strategies for Picking Best Stocks in Good Times or Bad- AlhajiGarbaKurfi, Managing Director of APT Securities & Funds Limited.
B. 2020 Global/Nigeria Macro-Economic Outlook & Sectors To Position, Mr. RazaqAbiola, Head, Corporate Strategy CSCS Nigeria Plc
C. Critical Chart Patterns For Pinpointing Stocks That Could Explode Higher In 2020- Mr. Abdul-Rasheed OshomaMomoh, Head, Capital Market, TRW Stockbrokers Limited,
D. Keys To Identify Opportunities In Stocks, Exchange Traded Fund (ETF) Fixed Income and Commodities Markets In Any Market Environment.- Engr. Ekwueme Mike Anaydibe, Head, Fixed Income Sales at TRW Stockbrokers Limited.
E. Mastering Earnings & Dividend Game Plan For 2020 Investing Opportunity & Beyond- Mr. Ambrose Omodion, Chief Research Officer, InvestData Consulting Limited,

Over the years, we have received requests from our followers, concerning our annual Traders & Investors Summit scheduled for December, where experts and analysts would x-ray investment and trading opportunities in the New Year.

At the forthcoming summit, participants would
• Learn from some of the best professionals in the market
• Share Trading ideas and investment opportunity/strategies
• Offer opportunities to network with peer value investors and investment professionals who share your passion for investing
• Understand more about using Investdata Buy & Sell Signal setup strategies and research tools to improve outcomes
Expected Takeaways
• Pinpointing chart patterns for Profitable Trades and investing opportunities in an uncertain market environment
• Investment analysis and theses behind these ideas
• Special Earnings and Dividend Game Plan for 2020 investment opportunities
• Understanding the changing economy and trend for profitable investment
• How successful value fund managers research into and evaluate companies
• Exclusive insight and actionable value strategies from world-class professional Traders
• Over 10 Trading and investing tips for identifying undervalued Stocks you can buy now

Date: December 7, 2019
Venue: Ostra Hall & Hotels Ltd, Off OtunbaJobifele Way, Opposite NNPC Gas Plant C.B.D, Alausa, Ikeja Lagos, Nigeria.

However, with less than 60 days into the year 2020, you need to start planning now because it is either you plan to succeed in 2020 or you don’t decide. Instead, you fold your hands means you are planning to fail. So, this practical summit is first of its kind because a team of experts will reveal pure practical trade ideas and opportunities in 2020 that will help participants recoup losses and maximize returns no theory. That is, what you can apply or implement immediately and start tracking the result by yourself.

Want to be among the successful investors and traders in 2020 send Yes 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://investdataltd..com/2019/11/ngse-index-bows-to-profit-taking.html

Aftermath Of Olam Acquisition: NGSE Delists Dangote Flour Mills


Shareholders of Dangote Flour Mills Plc, on Monday in Lagos, unanimously approved the acquisition of the company by Crown Flour Mills Limited, the Nigerian subsidiary of global food and agri-business conglomerate, Olam International Limited after paying N120bn to the shareholders (READ MORE).
Olam International has made an offer for the acquisition of 100% equity in Dangote Flour Mills Plc for consideration of N24.00 per share through a Scheme of Arrangement.

Following the acquisition, the entire 4,994,886,771 ordinary shares of DFM held by the scheme shareholders of the company will be transferred to Crown Flour, in exchange for N24 per share that will be given to the shareholders for each unit held. This represents a 124% premium on the share price of DFM as at the close of April 18, 2019, being the last business day prior to the date the proposal was received and announced on the Nigerian Stock Exchange (NSE); and a 145% premium on the three-month weighted average share price of the company as at 18 April, 2019.
Most of the shareholders who spoke at the meeting lauded the company’s management for acting in their best interest.

Nona Awoh, a financial analyst and shareholders of the company, while appreciating the Management on the offer of N24 per share, reminded other shareholders that the last time the share price of the company increased significantly to N20 per share was in 2010.
Managing Director of Crown Flour Mills Limited, Anurag Shukia said his company intends to maintain and expand DFM’s business as well as provide enhanced manufacturing capacity and create synergies to deliver improved products to customers across the country.

Photo caption: Chairman of Dangote Flour Mills Plc, Asue Ighodalo making a point at the company’s court-ordered meeting in Lagos on Monday, October 14, 2019. He is flanked by the company’s Executive Director, Commercial, Halima Aliko Dangote (left); Company Secretary/Legal Adviser, Aisha Isa (second left); the Chief Executive Officer, Thabo Mabe (second right); and Group Managing Director, Dangote Industries Limited, Olakunle Alake (right).

Investdata Daily Sentiment reports as of November 12, 2019

NSEASI buy 72% sell 28% volume index 1.48 MFI 51.66
Access buy 94% sell 6% MFI 2.73 MFI 97.00
Aiico buy 0% volume index 2.59 MFI 74.97
Ccnn buy 91% sell 9% volume index 14.52 MFI 97.31
Chams buy � volume index 2.28 MFI 12.80
Chiplc buy � volume index 1.71 MFI 72.29
Continsure buy 0% volume index 1.05 MFI 80.13
Dangcem buy � volume index 0.93 MFI 66.67
Fbnh buy 0% volume index 1.01 MFI 48.25
Fcmb buy 0% MFI 74.85
Fidelity buy 0% volume index 2.02 MFI 82.39
GT buy 44% sell 56% volume index 1.57 MFI 46.10
Honyflour buy � volume index 7.19 MFI 67.78
Jaiz buy 17% sell 83% MFI 97.54
Lasaco buy 0% volume index 1.73 MFI 63.60
Mtnn buy � volume index 3.39 MFI 23.71
Oando buy 0% volume index 2.36 MFI 41.21
Stanbic buy � volume index 1.96 MFI 32.63
Transcorp buy 33% sell 67% volume index 1.28 MFI 25.96
Uba buy 90% sell 10% volume index 0.96 MFI 78.25
Unity buy 0% volume index 1.44 MFI 25.46
Wapco buy 8% sell 92% MFI 43.10
Wapic buy 0% volume index 2.87 MFI 50.45
Wema buy � volume index 1.78 MFI 67.26
Zenith buy 0% volume index 1.95 MFI 65.08

https://investdataltd..com/2019/11/investdata-daily-sentiment-report-as-of_14.html?m=1

Hello Investors,

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

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

*In this bear market, Will This Help?*

Who Dares Always Win in Life...

With the current bearish market, I've been receiving series of questions from investors in my buying and selling membership which is made up of over 600 members. All questions seems to be a normal one because nobody likes loosing their hard earned money via emotions and information that are available in the market.

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http://workshop.investdataonline.com

NGSE Indicators Soar Higher, As CBN’s Squeeze, Better Yield, Lures Investors To Equities


Market Update for November 12
Tuesday’s trading activities on the Nigerian stock exchange (NSE) sustained the previous session’s upward trend with the benchmark index closing higher to start the week on a positive sentiment after the public holiday declared by the Federal Government on Monday.

The improving buying momentum signals the fact that investors are taking advantage of low prices in the market to position early ahead of year-end, as well as the expected release of major economic data. Some analysts also see a direct link between the crash in deposit rate to single digit in the money market, as banks play safe to avoid regulator hammer in relation to the 65% Loan-Deposit Ratio directed by the Central Bank of Nigeria (CBN) by end of December.

The big drop in the rate for fixed deposit and other money market instruments seen for most of 2019 has made equities much more attractive from a Dividend Yield perspective, which is one reason a sector like banking had rebounded in the past few days. Most banking stocks pay high dividends, which look attractive when compared to fixed income market yields.

Even so, in recent times, the yields of some listed companies are higher than inflation and the CBN Monetary Policy Rate of 11.24% and 13.5% respectively.
With the NSE’s dividend yield currently at 5.08%, looking at the nation new capital formation, the CBN’s directives and flow of funds, the possibility of Treasury Bill rates crashing very soon is high, as the Monetary Policy Committee (MPC) prepares to hold its final meeting for 2019.

Meanwhile, the NSE’s index opened Tuesday’s trading on the upside in the early hours and sustained it till the afternoon, despite the oscillating market forces of accumulation and profit booking. This pushed the index to an intraday high of 26,513.60 basis points, from its low of 26,314.49bps, before pulling back while closing the day higher at 26,456.39bps on above average traded volume.

Market technicals for the day were positive and mixed, with traded volume lower than the previous day’s in the midst of positive breadth and higher buying pressure, as revealed by Investdata’s reports showing a ‘buy’ volume of 72% and ‘sell’ position of 28%.
The day’s Transaction Volume Index stood at 1.45, while the momentum behind the day’s performance improved, with Money Flow Index reading 51.66 points, from the previous session’s 42.05bps. This is an indication that funds entered some stocks and the market.

Index and Market Cap
At the end the day’s trading, the benchmark NSE All-Share Index gained 141.90 to close at 26,456.39bps from its 26,314.49bps opening, which represented a 0.54% gain, just as market capitalization was up by N69.08bn, closing at N12.88tr from an opening value of N12.77 trillion, which also presented a 0.54% 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 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.

The day’s upturn was driven by demand for stocks like Dangote Cement, MTNN, Guaranty Trust Bank, Zenith Bank, Stanbic IBTC, UBA, Access Bank, CCNN, NB, UACN, Consolidate Hallmark Insurance and Honeywell. These impacted positively on the NSE’s Year-to-Date loss, which reduced to 15.83%, while market capitalization gain inched to N1.16 trillion, representing 9.88% up from the year’s opening value of N11.72tr.

Bullish Sector Indices
All the sectoral performance indexes closed green, except for the NSE Oil/Gas index which closed flat. The NSE Industrial Goods index led the advancers, after gaining 1.56%, followed by NSE Banking with 1.35%, while NSE Consumer Goods and Insurance closed climbed 0.33% and 0.21% up respectively.

Market breadth was positive as advancers outnumbered decliners in the ratio of 18:11, while market activities were mixed with volume traded dropping by 12.52% to 378.35m shares, from the previous day’s 432.47m units, while transaction value rose 28.17% to N7.15bn from Tuesday’s N5.58bn.

Volume was boosted by transactions in Zenith Bank, Access Bank, Guaranty Trust Bank, Nigerian Breweries and Fidelity Bank.
CCNN and Union Diagnostic were the best-performing stocks, topping the advancers table, after gaining 9.14% and 9.09% respectively to close at N19.10 and N0.24 each, on the back of positive sentiment for the ongoing merger process with Obu Cement, as well as market forces. On the flip side, Ikeja Hotel and Courtville Business Solution lost 9.28% and 8.70% respectively, closing at N0.88 and N0.21on market forces

Market Outlook
We expect stocks to continue wobbling on the back of value investing and reduced selloffs as market players digest the Q3 scorecards and align their portfolios along those with impressive numbers, in expectation of improved liquidity and positive economic data such as inflation number billed to hit the market on Friday. The recent NSE’s new lows offer investors opportunities to position for short and medium-to-long-term views.

We expect that investors would target fundamentally sound and dividend-paying stocks for possible capital appreciation as the year draws down.
Also, traders and investors need to change their trading strategies due to NSE’s pricing methodology, CBN directives and its impact on the economy in the nearest future. And other fiscal policy initiative that may provide liquidity for the economy and market

However, with less than 60 days into the year 2020, you need to start planning now because it is either you plan to succeed in 2020 or you don’t decide. Instead, you fold your hands means you are planning to fail. So, this practical summit is first of its kind because a team of experts will reveal pure practical trade ideas and opportunities in 2020 that will help participants recoup losses and maximize returns no theory.

That is, what you can apply or implement immediately and start tracking the result by yourself.

Want to be among the successful investors and traders in 2020 send Yes 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/2019/11/ngse-indicators-soar-higher-as-cbns-squeeze-better-yield-lures-investors-to-equities/

Will Your 2020 Investment Plan Succeed by Accident.

Ambrose Here Again,

If you insist on leaving your fate to the gods, then the gods will repay your weakness by having a grin or two at your expense. Should you fail to pilot your own ship, don't be surprised at what inappropriate port you will find yourself docked.

Serious investors refuse to let go their quest for financial freedom either in a bull or bear market. They chew on it just as a dog chews on the same old bone for hours.

Just as a dog guards the bones safely when not actively chewing it, serious investors nurture their investments against all odds in the market. That is, they follow instructions of the expert to know exactly when to take action on the market.

However, the true mark of a serious investor are.

1. An ability to sense which stocks are like to yield the best ROI when the real bull market is commencing.

2. Your confidence that you will definitely make a difference in the market.

3. A rugged persistence that will keep you going when others would give up.

Hence, your success in your 2020 financial year is not in the hands � of the government though government policies might affect the market but 80% of the call is in your own hands. So, make the decision to do whatever it takes and get the best out of 2020 through proper planning.

As a result, I have done a short and comprehensive video regarding the big investment opportunities in year 2020, how you can position yourself and when to position yourself.

Click on the below link to Download the free video now.

http://workshop.investdataonline.com


Happy Trading,
Ambrose Omordion

Investdata Price & Earnings Tracking For Week Ended November 8, 2019

https://investdata.com.ng/2019/11/investdata-price-earnings-tracking-for-week-ended-november-8-2019/

Will Your 2020 Investment Plan Succeed by Accident.

Ambrose Here Again,

If you insist on leaving your fate to the gods, then the gods will repay your weakness by having a grin or two at your expense. Should you fail to pilot your own ship, don't be surprised at what inappropriate port you will find yourself docked.

Serious investors refuse to let go their quest for financial freedom either in a bull or bear market. They chew on it just as a dog chews on the same old bone for hours.

Just as a dog guards the bones safely when not actively chewing it, serious investors nurture their investments against all odds in the market. That is, they follow instructions of the expert to know exactly when to take action on the market.

However, the true mark of a serious investor are.

1. An ability to sense which stocks are like to yield the best ROI when the real bull market is commencing.

2. Your confidence that you will definitely make a difference in the market.

3. A rugged persistence that will keep you going when others would give up.

Hence, your success in your 2020 financial year is not in the hands � of the government though government policies might affect the market but 80% of the call is in your own hands. So, make the decision to do whatever it takes and get the best out of 2020 through proper planning.

As a result, I have done a short and comprehensive video regarding the big investment opportunities in year 2020, how you can position yourself and when to position yourself.

Click on the below link to Download the free video now.

http://workshop.investdataonline.com


Happy Trading,
Ambrose Omordion

SEC DG Commends Healthy Competition Among Capital Market Operators, Says Uduak


Acting Director-General of the Securities and Exchange Commission, SEC, Ms. Mary Uduk has Commended FMDQ Securities Exchange Plc on its achievements so far, saying its entry has brought about healthy competition in the Nigerian capital market.

FMDQ, she noted, has done very well since its entry into the terrane six years ago, increasing the tempo of activities in the nation’s capital market, besides offering another investment another outlet.
Addressing journalists at the Gold Awards and Dinner organised by FMDQ in Lagos on Friday, the SEC boss expressed delight that “a lot of areas that seemed dormant before now, like the bond market has seen a lot of activities, because of the active trading on the FMDQ platform.
The exchange, she continued, according to a statement by Efe Ebelo, Head, Corporate Communications at the commission, has partnered with the regulator in several areas of training like derivatives among others.

“Since their entry, there has been competition and we are excited about the competition. Investors and operators now have a choice of where to go and that is a good one for the market” Uduk said.
While commending FMDQ for attracting capital to the market, she disclosed that the commission also has several initiatives in place to attract both local and foreign investors to the capital market.
For instance, Uduk continued, one important goal of the Capital Market Master Plan (2015-2025) is to transform the Nigerian capital market, making it competitive, while contributing its quota to developing the nation through funds mobilization. The Plan is hinged on four strategic themes, namely; Contribution to National Economy, Competitiveness, Market Structure, and Regulation & Oversight.
In contributing to the National Economy, Uduk said the SEC, in conjunction with the market, has worked on initiatives that simplified the process of raising capital and reduced time to market. The recent efforts towards developing the Nigerian commodities ecosystem and the Fintech space are also important contributions to the Nigerian economy.
“In order to enhance market competitiveness, the minimum capital requirements for capital market operators were raised, transaction costs have been reduced for both equities and fixed income segment of the market, a robust complaint management framework was introduced and various other initiatives are being implemented to enhance the liquidity of the Nigerian capital market.
“Towards improving the Market Structure, minimum operating standards for all market operators have been implemented. Some of the ongoing initiatives such as the e-dividend, multiple subscriptions, direct cash settlement and electronic distribution of companies’ annual reports are geared towards achieving an innovative market structure.

On regulation and oversight, the Acting DG said the SEC has undertaken numerous initiatives to protect the interest of investors, just as a National Investor Protection Fund, a Risk-Based Supervision Framework is being implemented with focus on Systemically Important Financial Institutions (SIFI), while regulatory actions are often taken against illegal operators as well as violators of the corporate governance code.

According to Uduk, “therefore, not only do we need capital inflow, but we also have the market and the potential to optimise such flows. As we continue to improve on our macroeconomic, business and regulatory environment, we look forward to being able to retain more domestic capital and attract necessary foreign capital”.

Caption: From left to right, Governor Babajide Sanwo-Olu of Lagos State; Ms. Mary Uduk, Acting Director-General, Securities and Exchange Commission, SEC; Bola Onadele Koko, Managing Director, FMDQ Group; and Emmanuel Ukeje, Representative of the Central Bank of Nigeria (CBN) governor, at the FMDQ 2019 Gold Awards in Lagos, weekend

https://investdata.com.ng/2019/11/sec-dg-commends-healthy-competition-among-capital-market-operators-says-uduk/#more

Expect Mixed Trading On Value Investing, Selloffs, On Portfolio Alignment Ahead Of Year-end


Market Update for November 7
The continued pullback and volatility on the Nigerian Stock Exchange (NSE) on Thursday is another clear reflection of the lingering low investor confidence and liquidity which had prevailed for months. This is despite the fact that bargain hunters are cashing in on low-priced stocks at different intervals, creating movements and activities in various sectors and stocks. It is true that the low valuation in the market could support gains in the nearest future for intelligent investors that position at these current equity prices.

The All-Share index extended its losing streak for the third consecutive session, closing lower on a higher traded volume, after the market, in the past five trading days of the month recorded just one gain and four losses for the other four sessions. The way investors are going for value stocks is reflecting in the price movement and pattern of accumulation on the exchange.

Trading on Thursday opened slightly green in the early hours of the session before pulling back to oscillate between the mid-morning and afternoon on profit-taking and sell down in blue-chip stocks. This pushed the NSE index to an intraday low of 26,172.35 basis points, from its high of 26,242.53bps, before retracing up marginally to close lower at 26,188.24bps.

The session market technicals were negative and mixed, with higher volume traded than the previous day’s with breadth favouring the bears, amidst negative sentiments, as revealed by Investdata’s reports showing a ‘sell’ volume of 77% and 23% buy’ position. The transaction volume index stood at 2.95, while energy behind the day’s performance remained weak, as Money Flow Index slowed down to 35 points, from the previous session’s 38.62bps. This is an indication that funds exited the market, just as Unilever Nigeria, Fidson Healthcare and the NSE Consumer Goods index touched yet another new 52-week low.

Index and Market Cap
At the end the day’s trading, the benchmark NSEASI closed at 26,188.24bps from its 26,223.66bps opening, representing a 0.14% drop, just as market capitalization dropped by N17.24bn, closing at N12.75tr from an opening value of N12.77tr, which also presented a 0.14% 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 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.

The session’s downturn resulted from profit booking and selloffs in Zenith Bank, Stanbic IBTC, Lafarge Africa, Dangote Sugar, FBN Holdings, Consolidate Hallmark Insurance, Honeywell Flour Mills and Transcorp Plc. These impacted negatively on the NSE’s Year-to-Date loss, lifting it to 16.68%, while the YTD gain in market capitalization dropped to N1.03tr, representing 8.77% up from the year’s opening value of N11.72tr.

Bearish Sector Indices
All the sectoral performance indexes were largely down, except for the NSE Banking index which closed 0.66% higher, while the NSE Consumer Goods index led the decliners, after shedding 1.10%, followed by the NSE Industrial Goods by 0.03%. Meanwhile, NSE Industrial goods and Oil/Gas indices closed flat.
Market breadth was negative as decliners outnumbered advancers in the ratio of 16:9, while market activities were mixed as volume traded was up significantly by 212.75% to 726.19m shares from the previous day’s 232.22m units, while value slipped slightly by 4.91% to N2.97bn from midweek’s N3.12bn. The day’s volume was boosted by transactions in Jaiz Bank, Access Bank, Zenith Bank, Lafarge Africa and FBN Holdings.

Regency Assurance and Chams were the best-performing stocks, topping the advancers table, after gaining 5% and 4.53% respectively to close at N0.21 and N0.24 each, on the back of positive sentiments for the ongoing industry recapitalization and impressive Q3 numbers. On the flip side, Unilever and Fidson Healthcare lost 9.98% and 9.72% respectively, closing at N21.65 and N3.25 on unimpressive earnings and negative sentiment.

Market Outlook
Being the last trading day of the week, ahead of long weekend due to the declaration of Monday as a public holiday by the Federal Government, we expect the mixed performance to continue on the back of value investing and selloffs. Meanwhile, we note that the market would continue interpreting the Q3 scorecards to enable them to align their portfolios, in expectation of improved liquidity and positive economic data. This is especially as the NSE’s new lows offer investors opportunities to position for short and medium-to-long-term views. We expect that investors would target fundamentally sound and dividend-paying stocks for possible capital appreciation as the year draws down.

Also, traders and investors need to change their trading strategies due to the review of the NSE’s pricing methodology, now that all class of equities need uniform 100,000 units to effect any price changes. This may be part of efforts to mitigate the persistent price decline that has seen many stocks trading at between their five and ten-year lows and even more, in recent times.

https://investdata.com.ng/2019/11/expect-mixed-trading-on-value-investing-selloffs-on-portfolio-alignment-ahead-of-year-end/#more

Investdata Weekly Sentiment Report

NSEASI buy 56% sell 44% volume index 1.60 MFI 42.63
Access buy � volume index 2.91 MFI 80.16
Afrprud buy � volume index 1.26 MFI 54.89
Aiico buy 67% sell 33% volume index 2.18 MFI 66.67
Cadbury buy 0% volume index 0.90 MFI 28.61
Cap buy 0% volume index 24.20 MFI 1.89
Caverton buy 0% MFI 29.78
Ccnn buy � volume index 0.86 MFI 62.17
Chams buy � MFI 37.42
Chiplc buy 67% sell 33% volume index 1.06 MFI 44.37
Continsure buy � MFI 85.86
Corner buy � MFI 90.54
Custodian buy � MFI 5.13
Cutix buy 0% volume index 0.81 MFI 55.18
Dangcem buy 0% MFI 27.81
Dangsugar buy 0% MFI 43.95
Eti buy � MFI 59.79
Fbnh buy 91% sell 9% MFI 59.12
Fcmb buy � MFI 48.54
Fidelity buy 47% sell 53% volume index 1.68 MFI 55.60
Fidson buy 71% sell 29% volume index 6.84 MFI 22.68
Fmn buy � MFI 78.75
GT buy � MFI 36.92
Honyflour buy 57% sell 43% volume index 2.79 MFI 55.55
Jaiz buy � volume index 21.95 MFI 97.87
Lasaco buy 50% sell 50% MFI 52.69
Lawunion buy � volume index 21.25 MFI 97.44
Lvstk buy � MFI 39.04
M&B buy 0% MFI 82.34
Nahco buy 0% MFI 65.77
Nestle buy 0% volume index 0.94 MFI 58.77
Npf buy 0% volume index 1.07 MFI 52.67
Oando buy 0% MFI 43.30
Presco buy 0% volume index 1.40 MFI 0.00
Pz buy 0% volume index 1.51 MFI 47.71
Regalins buy 50% sell 50% volume index 1.42 MFI 100.00
Stanbic buy 0% volume index 2.03 MFI 49.15
Transcorp buy 67% sell 33% MFI 51.44
Uacp buy 0% MFI 68.39
Uba buy � volume index 3.04 MFI 80.85
Ucap buy 31% sell 69% volume index 0.98 MFI 56.35
Unilever buy 0% MFI 30.51
Uniondac buy 0% MFI 64.02
Unity buy 80% sell 20% volume index 2.22 MFI 11.62
Vitafoam buy 17% sell 83% volume index 0.81 MFI 26.77
Wapco buy � volume index 2.50 MFI 59.78
Wapic buy 33% sell 67% MFI 14.68
Wema buy 25% sell 75% MFI 61.75
Zenith buy 27% sell 73% volume index 2.20 MFI 37.97

https://investdataltd..com/2019/11/investdata-weekly-sentiment-report_10.html

Investdata Daily Sentiment Report as of November 8, 2019

NSEASI buy 23% sell 77% volume index 2.91 MFI 35.00
Access buy � volume index 2.94 MFI 95.38
Fbnh buy 0% volume index 1.11 MFI 39.08
Fidelity buy 14% sell 86% volume index 1.11 MFI 63.09
GT buy � MFI 32.74
Honyflour buy 0% volume index 5.78 MFI 28.09
Jaiz buy 50% sell 50% volume index 27.59 MFI 97.79
Transcorp buy 0% MFI 21.87
Uba buy � MFI 72.52
Ucap buy � volume index 1.33 MFI 72.10
Wema buy 0% volume index 0.86 MFI 40.32
Zenith buy 12% sell 88% volume index 1.39 MFI 70.04

https://investdataltd..com/2019/11/investdata-daily-sentiment-report-as-of_10.html

Dangote flour will be delisting soon from The NSE pursuant to the court order. All shareholders in the register of members of DFM on the 31st of October 2019 will be entitled to receive N24 in cash for each share held, which many have received payment already since Tuesday. Shareholders are encouraged to complete their electronic payment registration with the Registrar in order to avoid any delay in receiving payment.

NGSE Indices Stay Red, As Low Confidence Hampers Real Sector Funding Efforts


Market Update for November 6
Again, trading on the nation’s stock market, at midweek, closed bearish, propelled by continued selloffs among highly capitalized stocks in the midst of huge buying opportunities and cautious trades with a renewed focus on value investing, given that the Q3 numbers reveal the true state of the economic and company fundamentals. The expected redirection of funds into the real sector and stock market remain slow, hampered by low confidence in the entire system, especially on the economic front which has limited inflows into the market.

Looking at performance across the sectors during the earnings season and after, accumulation in some sectors and stocks shows that value investing is gaining ground as discerning investors and traders position to turn the prevailing big opportunities to profits in no distant time.
With the prospects of a trade-war-absent global economy, going forward into 2020, there is a growing likelihood, in our view, of an economic boom that would coincide with the sustained regulatory tightening on Nigeria’s economic disrupters. With that, those companies and industries that have been disrupted are in the position to regain market share. That will happen, only where there is tremendous pent-up value in the stock market.
Midweek, trading started on the downside in the morning and was sustained throughout the session as sell down continued in some high cap stocks, pushing the NSE index to an intraday low of 26,223.66 basis points, where it to closed for the day, from its high of 26,367.19bps, on a lower traded volume.

Market technicals for the day were negative as volume dropped lower than the previous day’s in the midst of a negative breadth and high sell pressure, as revealed by Investdata’s reports showing a ‘sell’ volume of 100% and buy’ position of 0%. The transaction volume index stood at 0.98, while the impetus behind the day’s performance remained weak, as Money Flow Index slowed down to 38.62 points, from the previous session’s 39.48bps. This is an indication that funds exited the market. During the session, Presco made a new three-year low.

Index and Market Cap
At the end Wednesday’s trading, the composite index NSEASI shed 151.69bps to close at 26,223.66bps from its 26,375.35bps opening, which represented a 0.58% decline, just as market capitalization lost N73.84bn, closing at N12.77tr from an opening value of N12.84tr, which also presented a 0.58% value loss in investors’ portfolio.

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.

Midweek’s downturn was due to the persistent sell down in stocks like Dangote Cement, MTN Nigeria, Presco, Stanbic IBTC, UBA, International Brewery, and FBN Holdings. These impacted negatively on the NSE’s Year-to-Date loss, which rose to 16.57%, while market capitalization gain fell to N1.04tr, representing 8.91% up from the year’s opening value of N11.72tr.

Bearish Sector Indices
All the sectoral performance indexes were down on Wednesday, except for the NSE Oil/Gas that closed flat, while the NSE Consumer Goods index led the decliners, after shedding 0.50%, followed by NSE Industrial goods by 0.45%, while the NSE Banking and Insurance indices shed 0.05% and 0.03% respectively.
The session’s breadth was negative as decliners outnumbered advancers in the ratio of 12:10, while market activities were down in volume and value traded by 23.68% and 21.80% respectively to 232.22m shares worth N3.12bn from the previous day’s 304.28m units valued at N3.99bn. Volume was boosted by transactions in UBA, Access Bank, Zenith Bank, Guaranty Trust Bank and Transcrop Plc.
Cornerstone Insurance and Law Union were the best-performing stocks, topping the advancers table, after gaining 8.89% and 8.70% respectively to close at N0.49 and N0.50 each, on the back of positive sentiments for the ongoing industry recapitalization and market forces. On the flip side, Presco and International Brewery lost 9.90% and 9.69% respectively, closing at N34.60 and N10.25 on the unimpressive earnings and market forces.

Market Outlook
We expect the mixed trend to continue on value investing and selloff as the market continues to interpret the Q3 scorecards and align their portfolios along with the impressive numbers, in expectation of improved liquidity and positive economic data. This is especially as the NSE’s new lows offer investors opportunities to position for short and medium-to-long-term views. We expect that investors would target fundamentally sound and dividend-paying stocks for possible capital appreciation as the year draws down.
Also, traders and investors need to change their trading strategies due to the review of the NSE’s pricing methodology, now that all class of equities need uniform 100,000 units to effect any price changes. This may be part of efforts to mitigate the persistent price decline that has seen many stocks trading at between their five and ten-year lows and even more, in recent times.

Discerning investors should latch onto this, meanwhile, as a way of averaging down and recouping their investment immediately a recovery stage sets in, helped by economic policies, when things start to change gradually. In the process, equity prices will be influenced positively, while investors watch for sectors like insurance, banking, Industrial Goods, services, as well as oil/gas that have become defensive in recent times and could go bullish in no distant time.
Furthermore, we note that all eyes are on the newly appointed economic advisory team to settle down quickly and begin churning out policies capable of turning things around.

Take Action
Investdata INVEST 2020: Opportunities and Trade Ideas Summit
Sub-Topics
A. 2020 Global/Nigeria Macro-Economic Outlook & Sectors To Position,
B. Critical Chart Patterns For Pinpointing Stocks That Could Explode Higher In 2020
C. Keys To Identify Opportunities In Stocks, Exchange Traded Funds, Fixed Income and Commodities Markets In Any Market Environment.
D. Mastering Earnings& Dividend Game Plan For 2020 Investing Opportunity & Beyond
E. Recession or Boom: Five Trading Strategies For Picking Best Stocks In Good Times or Bad

Over the years, we have received requests from our followers, concerning our annual Traders & Investors Summit scheduled for December, where experts and analysts would x-ray investment and trading opportunities in the New Year.

At the forthcoming summit, participants would
• Learn from some of the best professionals in the market
• Share Trading ideas and investment opportunity/strategies
• Offer opportunities to network with peer value investors and investment professionals who share your passion for investing
• Understand more about using Investdata Buy & Sell Signal setup strategies and research tools to improve outcomes
Expected Takeaways
• Pinpointing chart patterns for Profitable Trades and investing opportunities in an uncertain market environment
• Investment analysis and theses behind these ideas
• Special Earnings and Dividend Game Plan for 2020 investment opportunities
• Understanding the changing economy and trend for profitable investment
• How successful value fund managers research into and evaluate companies
• Exclusive insight and actionable value strategies from world-class professional Traders
• Over 10 Trading and investing tips for identifying undervalued Stocks you can buy now

Date: December 7, 2019
Venue: Ostra Hall & Hotels Ltd, Off OtunbaJobifele Way, Opposite NNPC Gas Plant C.B.D, Alausa, Ikeja Lagos, Nigeria.

However, with less than 65 days into the year 2020, you need to start planning now because it is either you plan to succeed in 2020 or you don’t decide. Instead, you fold your hands means you are planning to fail. So, this practical summit is first of its kind because a team of experts will reveal pure practical trade ideas and opportunities in 2020 that will help participants recoup losses and maximize returns no theory. That is, what you can apply or implement immediately and start tracking the result by yourself.

Want to be among the successful investors and traders in 2020 send Yes 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/2019/11/ngse-indices-stay-red-as-low-confidence-hampers-real-sector-funding-efforts/

C&I Leasing To Raise N3.56bn Via Rights, Lists 539m Shares

The board of C&I Leasing Plc, on Wednesday, announced plans to raise N3.56bn by way of rights to existing shareholders.

In a notice to the Nigerian Stock Exchange (NSE), the company said the fund is being sourced via an offer of 53.003m ordinary shares of 50 kobo by way of rights at N6 each on the basis of four new ordinary shares for every three held.

While the qualification date for the Rights Issue is Wednesday, 4 September 2019, it is, however, subject to the approval of the executed offer documents by the Securities & Exchange Commission (SEC).

The application list is however expected to open on November 11, 2019, or any other date approved by the Commission and shall open for a maximum period of 28 days.

https://investdata.com.ng/2019/11/ci-leasing-to-raise-n3-56bn-via-rights-lists-539m-shares/