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Business To Business › Re: Who Wants To Advertise Their Business on Footbridges in Lagos? by ACAN(m): 4:40am On Jul 29, 2019*

CHEEKERS INN LTD

ADDRESS: 45B, Marine Road, Apapa GRA, 2ND Badagry, Lagos

Contact Persons
Joshua (Manager) 08034419471
Mike (Supervisor) 08064735740
Email: cheekersinnltd@gmail.com
Website: https://cheekersinn.business.site/

WE LOVE HAVING YOU HERE
Cheekers Inn Ltd is a registered company established in February 2018 and has been at the forefront in providing state of the art services in hospitality that can compete favorably amongst hotels situated around the apapa axis. We are comprised of a team of dedicated staff who are passionate and trained towards providing our clientele best value.

Cheekers Inn Ltd is located at apapa which is the major seaport of the city of Lagos, Nigeria and is located to the west of Lagos Island. We are also five minutes away from the Shoprite shopping mall apapa and the apapa club. We have put in instill standard facilities in each room such an Air condition, wardrobe, reading desk, and a flat-screen TV to ensure you have a memorable experience of your stay with us. With the expectation of repeat patronage. The various facilities that we have are;

Fast, Reliable Internet
Free wifi services will be made available for customers for communication with business associates and carry out a work schedule, while also keeping in touch with family and loved ones.

Easy Check-In
Our management has a quick, painless, and flexible check-in process after the hassle of traveling. To ease the burden for some travelers exhausted after a long trip from their various destinations. We have someone at the reception desk at all times to attend to their various needs.

Transportation Information
Cheekers Inn Ltd is located at Marine road GRA apapa, by 2nd Badagry Bus-stop, we have a good access road from Area B police barrack through point Road, or you can locate us through Liverpool road apapa, if you are coming through Tin Can Port. The neighborhood is secured and has good access roads.

Nutritious Breakfast Offerings
To be up to speed in service delivery for travelers who are always on the go. Our kitchen in house restaurant staff is on standby to serve our clientele good-tasting, healthy breakfast that is both quick and filling. We are also specializing in local and international cuisine. All at affordable prices.

Hotel Bar
We have a well structured and organized indoor guest bar for clientele to relax after a hard day’s work. This is open 24 hours prior to the satisfying of our customer’s needs and wants.

Comfortable Beds
After an exhausting business trip, we have instilled comfortable bed and pillows made from all-natural fibers to help deliver a good night’s sleep.

Peace & Quiet
After the hassle of traveling and the strains of working, business travelers need their sleep. To be refresh, energies and ready for the next day task. Our room prices are relatively affordable.

Delux 10,000
Royal 10,000
Business 9,000
Super Standard 7,000
Standard 6.000
Economy 5,000

Business To Business › Re: Pedestrian Bridge Advertising 4 Business Men & Women In Lagos State by ACAN(m): 4:39am On Jul 29, 2019*

CHEEKERS INN LTD

ADDRESS: 45B, Marine Road, Apapa GRA, 2ND Badagry, Lagos

Contact Persons
Luke Muoh (Owner) 08033011791, 08087216257
Joshua (Manager) 08034419471
Mike (Supervisor) 08064735740
Email: cheekersinnltd@gmail.com
Website: https://cheekersinn.business.site/

WE LOVE HAVING YOU HERE
Cheekers Inn Ltd is a registered company established in February 2018 and has been at the forefront in providing state of the art services in hospitality that can compete favorably amongst hotels situated around the apapa axis. We are comprised of a team of dedicated staff who are passionate and trained towards providing our clientele best value.

Cheekers Inn Ltd is located at apapa which is the major seaport of the city of Lagos, Nigeria and is located to the west of Lagos Island. We are also five minutes away from the Shoprite shopping mall apapa and the apapa club. We have put in instill standard facilities in each room such an Air condition, wardrobe, reading desk, and a flat-screen TV to ensure you have a memorable experience of your stay with us. With the expectation of repeat patronage. The various facilities that we have are;

Fast, Reliable Internet
Free wifi services will be made available for customers for communication with business associates and carry out a work schedule, while also keeping in touch with family and loved ones.

Easy Check-In
Our management has a quick, painless, and flexible check-in process after the hassle of traveling. To ease the burden for some travelers exhausted after a long trip from their various destinations. We have someone at the reception desk at all times to attend to their various needs.

Transportation Information
Cheekers Inn Ltd is located at Marine road GRA apapa, by 2nd Badagry Bus-stop, we have a good access road from Area B police barrack through point Road, or you can locate us through Liverpool road apapa, if you are coming through Tin Can Port. The neighborhood is secured and has good access roads.

Nutritious Breakfast Offerings
To be up to speed in service delivery for travelers who are always on the go. Our kitchen in house restaurant staff is on standby to serve our clientele good-tasting, healthy breakfast that is both quick and filling. We are also specializing in local and international cuisine. All at affordable prices.

Hotel Bar
We have a well structured and organized indoor guest bar for clientele to relax after a hard day’s work. This is open 24 hours prior to the satisfying of our customer’s needs and wants.

Comfortable Beds
After an exhausting business trip, we have instilled comfortable bed and pillows made from all-natural fibers to help deliver a good night’s sleep.

Peace & Quiet
After the hassle of traveling and the strains of working, business travelers need their sleep. To be refresh, energies and ready for the next day task. Our room prices are relatively affordable.

Delux 10,000
Royal 10,000
Business 9,000
Super Standard 7,000
Standard 6.000
Economy 5,000

Business › Re: Advertise Your Business To 4.5 Million Nigerians For #3000 Only by ACAN(m): 4:35am On Jul 29, 2019*

Business To Business › Re: Introduce Your Business To All Over World Free Of Cost by ACAN(m): 4:34am On Jul 29, 2019*

Business To Business › Re: Introduce Your Business by ACAN(m): 4:31am On Jul 29, 2019*

Business To Business › Re: Introduce Your Business to all over world free of cost by ACAN(m): 4:29am On Jul 29, 2019*

Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 12:53am On Jul 27, 2019

Selloffs Continue On NGSE, Despite Attractive 7.28% P/E Ratio, Q2 Earnings Season

Market Update for July 24
It was yet another negative midweek, as the Nigerian Stock Exchange (NSE) reversed the positive close of the previous session ahead of Thursday’s reintroduction of Value Added Tax (VAT) to all capital market transactions, which remains a source of serious concern to investors, given that it increases cost borne by investors.
This, investors note, has further weakened buying interest and confidence, among other factors militating against the market, one of which is the mixed feelings over the list of proposed cabinet members submitted by President Muhammadu Buhari for clearance to the Senate on Tuesday. It is noted that the list is dominated by “ex-this and ex-that” politicians who have been recycled since 1999 in so many cases, at a time the nation’s economy is begging for attention and seriously deteriorating daily due to ineffective economic policies, insecurity, a lack of infrastructure and multiple taxations.

The composite NSE All-Share index is currently indicating a tentative breakout or down of its recent consolidation pattern as we have noted a few days ago. Any further follow-through from here to the up or downside would be a function of the expected corporate earnings and market liquidity, given that the market is now seeing new lows across the sectors and individual stocks. When a market behaves like this, momentum and fearful bearish investor sentiment often continue to fuel a downtrend. Sadly, market players, daily find more reasons to sell and not many reasons to buy as events unfold at all level of governance, despite the low valuation and prevailing low prices of equity.
At the end of midweek’s trading, NASCON Allied, Total Nigeria, and Unity Bank made new 52- week low, while Boc Gases made a new 52-week high.

Wednesday’s trading was a very volatile and mixed session as the index started slightly on the downside and reversed up between mid-morning to early afternoon, taking off the previous high and touching intraday high of 28,292.44 basis points from the low of 28,070.65bps. It then pulled back to finish the day at 28,088.74 basis point on less than average traded volume.
Market technicals for the session were negative and mixed, even as volume traded was higher than previous day’s, amidst a flat breadth and high selling pressure as revealed by Investdata’s Daily Sentiment Report, with the day’s ‘sell’ volume at 92% and buy position at 8% of total daily transaction volume index of 0.38.

The energy behind the day’s performance remained weak, despite looking up, as Money Flow Index read 25.79 points, higher than previous day’s 20.31bps, indicating that funds enter some stocks and the market irrespective of resume selloff among the high cap stocks.

Index and Market Cap
At the end of midweek’s trading, the All-Share Index shed 56.13bps to close at 28,088.74bps, after opening at 28,144.87bps, representing 0.20% drop, just as market capitalization lost N27.36bn to close at N13.69tr, from an opening value of N13.72tr, also representing 0.20% depreciation in value.

Attention: If you haven’t signed up for Investdata buy and sell signal setup, don’t delay. We have just added another risk management feature and new favorite stocks of the most revered traders and investors in corporate Nigeria to our watchlist, these stocks are with double potentials. To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. Take advantage of this service to buy right and sell right during this portfolio reshuffling and repositioning with stocks making new lows, but has a high margin of safety ahead of the expected fiscal stimulus.
The day’s downturn was driven by selloffs in high cap stocks like Dangote Cement, Nestle Nigeria, Guaranty Trust Bank, Total Nigeria, WAPCO, Dangote Sugar, UBA and FBN Holdings. This negatively impacted the NSE’s Year-to-Date loss, which inched up to 10.63%, just as YTD market capitalization gain fell to N1.94 trillion, or 16.63%, above the year’s opening level of N11.72tr.

Sector Indices
The sectoral performance indexes were largely bullish, except for the NSE Industrial goods and banking that closed in red by 1.20% and 0.20% respectively, while the Oil/Gas index led the advancers after gaining 4.51%, followed by Consumer Goods with 0.34% and next was insurance with 0.12%.
Market breadth was balanced, as advancers equaled decliners in the ratio of 16:16; market activities were up in volume and value traded by 16.72% and 20.55% respectively to 157.79m shares worth N2.52bn from previous day’s 135.18m units valued at N2.09bn. The day’s volume was boosted by trading in financial services and conglomerates stocks such as Guaranty Trust Bank, UBA, Zenith Bank, Sterling Bank, and Transcorp.

The best-performing stocks during the session were Japaul Oil and Boc Gas which topped the advancers’ table with 10% and 9.96% gains respectively, closing at N0.22 and N5.07 per share, on market forces. On the flip side, Unity Bank and Prestige Assurance lost 9.30% and 6.25% respectively to close at N0.58 and N0.48 on selloffs and market forces.

Market Outlook
We expect a mixed performance depending on market forces and more earnings as bargain hunters take advantage of the prolonged bearish market, just as the half-year earnings reporting season enters peak period. Discerning investors should target value stocks considering the current low valuation to position for dividend income and capital gain, especially as the market’s Price to Earnings ratio is 7.28x, which is well below the 11.1x average of its peers and a five-year average of 13.2x. This revealed value and high upside potentials for a rally.

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

Ambrose Omordion
CRO|Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467
https://investdata.com.ng/2019/07/selloffs-continue-on-ngse-despite-attractive-7-28-p-e-ratio-q2-earnings-season/

Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 12:48am On Jul 27, 2019

Investdata Daily Sentiment Report as of July 26 July, 2019

NSEASI buy 4% sell 96% volume index 0.86 MFI 25.39
Access buy 0% MFI 56.58
Aiico buy 0% MFI 41.30
Caverton buy 0% volume index 5.64 MFI 0.00
CIleasing buy � volume index 0.92 MFI 19.67
Cutix buy 0% volume index 0.70 MFI 85.25
Dangflour buy � volume index 1.09 MFI 92.16
Eti buy � volume index 3.61 MFI 5.55
Fbnh buy 0% MFI 16.21
Fcmb buy � volume index 13.82 MFI 81.52
Fidelity buy � volume index 0.75 MFI 30.73
Fmn buy � MFI 17.50
Fo buy 0% MFI 3.55
GT buy 67% sell 33% MFI 22.04
Japaul buy � volume index 0.93 MFI 45.88
Mben buy � volume index 1.13 MFI 94.21
Transcorp buy 0% volume index 1.12 MFI 39.33
Uacn buy � MFI 24.84
Uba buy 20% sell 80% volume index 2.11 MFI 32.04
Ucap buy � volume index 1.49 MFI 28.26
Wapco buy 83% sell 17% MFI 71.49
Zenith buy 20% sell 80% MFI 42.51

https://investdataltd..com/2019/07/investdata-daily-sentiment-report-as-of_27.html

Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 12:44am On Jul 27, 2019

Investdata Daily Sentiment Report as of 25 July, 2019

NSEASI buy 8% sell 92% MFI 25.79
Access buy � MFI 59.66
Dangcem buy 71% sell 29% MFI 35.22
Dangsugar buy 0% volume index 2.04 MFI 27.22
Fbnh buy 0% MFI 14.48
Fcmb buy � volume index 0.70 MFI 31.79
Fidelity buy 50% sell 50% MFI 28.28
Fo buy � volume index 2.75 MFI 3.61
GT buy 44% sell 56% volume index 1.31 MFI 22.07
Japaul buy � volume index 1.91 MFI 49.05
Nascon buy � volume index 2.24 MFI 6.37
Nestle buy 0% volume index 0.95 MFI 33.58
Transcorp buy � volume index 0.92 MFI 33.87
Uacn buy 0% MFI 26.09
Uba buy 33% sell 67% volume index 1.86 MFI 20.15
Ucap buy 0% volume index 2.13 MFI 24.85
Wapco buy 0% MFI 72.10
Zenith buy 0% MFI 44.11

https://investdataltd..com/2019/07/investdata-daily-sentiment-report-as-of_19.html

Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 12:33am On Jul 27, 2019

NGSE Index Looks Towards Emerging Earnings Reports, As July’s Last Full Week Ends

Market Update for July 25
Thursday’s session on the Nigerian Stock Exchange (NSE) was a floppy and rough as its composite All-Share index consolidated back-to-back losses on a higher traded volume with earnings reporting season further dampening the market’s momentum. This was not unexpected mixed and weak scorecards emanating from listed companies thereby extending the bearish sentiments.
The Q1 and Q2 numbers so far released from companies like University Press, 11 Plc, Ikeja Hotel, Flour Mills (READ), Chemical & Allied Products and Julius Berger (READ), were weak and below market expectation. Beyond every other thing, it reflects the gloomy state of the nation’s economy, despite the fact that oil prices at the international market are on the upswing, with September-dated crude futures up 1% at $56.40 per barrel.

Two major factors are consistently working against the Nigerian market, giving the bears an upper hand since early 2018 when volatility started to trend down. They are the weak economy and political uncertainty, both of which have affected breadth, and specifically the index’s cumulative A/D line. Each time the benchmark index has made a new low, breadth has confirmed the move, and in each of the declines coming out of rallies, breadth has consistently lead price.

The extended bear market even after the release of the Ministerial list may be the result of the widespread dissatisfaction over the calibre of the nominees, restoration of Value Added Tax (VAT) charges that has heightened transaction costs in the market, as well as the poor numbers so far released. There is also the fear of a continued decline or slowdown in Q2 GDP being expected from the National Bureau of Statistics (NBS), given the quality of results already presented by the companies.

Trading on Thursday opened slightly up in the morning, oscillated in the mid-morning to midday, but stayed flat by early afternoon before pulling back at midafternoon to touch intraday low of 27,985.62 basis points from its high of 28,103.69bps, propelled by the continued selloff in high cap stocks. It then retraced up marginally to close the day at 27,990.81bps
Market technicals during the session were negative but mixed as volume traded was higher than previous day’s, amidst negative breadth and sentiment as revealed by Investdata’s Daily Sentiment Report, with the day’s ‘sell’ position at 96% and buy volume at 4% of total daily transaction volume index of 0.86.

The impetus behind the day’s performance remained weak and flat as Money Flow Index read 25.39 points, higher than previous day’s 25.79bps, indicating that funds left some stocks for another and for cash as factors militating against the market continue to increase in the face of already weak market and economic fundamentals.

Index and Market Cap
The All-Share Index at the end of Thursday trading lost 98.13bps to close at 27.990.61bps, after opening at 28,088.74bps, representing 0.35% decline, just as market capitalization fell by N47.82bn to close at N13.64tr, from an opening value of N13.69tr, also representing 0.35% value loss.
Attention: If you haven’t signed up for Investdata buy and sell signal setup, don’t delay. We have just added another risk management feature and new favorite stocks of the most revered traders and investors in corporate Nigeria to our watchlist, these stocks are with double potentials. To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. Take advantage of this service to buy right and sell right during this portfolio reshuffling and repositioning with stocks making new lows, but has a high margin of safety ahead of the expected fiscal stimulus.
The day’s decline was due to the persistent selloffs in high cap stocks like Dangote Cement, MTNN, Zenit Bank, FBNH, Access Bank, CCNN, Forte Oil, Oando, and Transcorp, which impacted negatively on the NSE’s Year-to-Date loss position raising it to 10.94%. Also, YTD market capitalization gain dropped to N1.92tr, or 16.64%, above the year’s opening level of N11.72tr.

Sector Indices
The sectoral indices had a mixed performance that was largely bullish, except for the NSE Oil/Gas and Banking that closed lower by 0.81% and 0.39% respectively, while the Insurance index led the advancers after gaining 0.27%, followed by Industrial Goods with 0.26% and next was Consumer Goods with 0.16%.
Market breadth slipped into negative as decliners outnumbered advancers in the ratio of 16:15; market activities were mixed as volume traded was up by 127.59% to 357.11m shares from previous day 157.79m units, while value declined to N1.89bn from midweek’s N2.52bn. The day’s volume was driven by trading in financial services, Conglomerates and ICT stocks such as Courtville Business Solution, FCMB, UBA, Transcorp, and Zenith Bank.

FCMB and Chams were the best-performing stocks for the day, as they topped the advancers’ table with 8.81% and 8% gains respectively, closing at N1.73 and N0.27 per share, on earnings expectation and market forces. On the flip side, Wapic Insurance and GSPECPLC lost 10% and 9.57% respectively to close at N0.36 and N5.20 on profit-taking and market forces.

Market Outlook
Being the last trading day of the week, the current trend is expected to continue as half-year numbers miss expectation to propel the prolonged bearish run as more companies release reports to the market.
Discerning investors should target value stocks considering the current low valuation to position for dividend income and capital gain, especially as the market’s Price to Earnings ratio is 7.28x, which is well below the 11.1x average of its peers and a five-year average of 13.2x. This revealed value and high upside potentials for a rally.

Ambrose Omordion
CRO|Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467
https://investdata.com.ng/2019/07/ngse-index-looks-towards-emerging-earnings-reports-as-julys-last-full-week-ends/#more

Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 2:48pm On Jul 26, 2019

Investdata Daily Sentiment Report as of 24 July, 2019

NSEASI buy � MFI 20.31
Access buy 57% sell 43% MFI 64.47
Ccnn buy � volume index 1.44 MFI 41.74
Dangcem buy 83% sell 17% volume index 1.76 MFI 33.34
Dangsugar buy 0% MFI 50.11
Eti buy � MFI 27.24
Fbnh buy � MFI 12.53
Fcmb buy � volume index 0.90 MFI 35.93
Fidelity buy 0% MFI
21.82
GT buy 90% sell 10% MFI 24.31
Japaul buy 0% volume index 1.31 MFI 42.03
Nahco buy 89% sell 11% volume index 1.31 MFI 16.55
Nestle buy � MFI 25.44
Oando buy � MFI 56.92
Stanbic buy � volume index 1.28 MFI 10.62
Sterling buy � volume index 81.41
Transcorp buy � MFI 35.33
Uacn buy � MFI 30.61
Uba buy 33% sell 67% MFI 20.81
Ucap buy 33% sell 67% volume index 2.11 MFI 14.04
Wapco buy � volume index 1.17 MFI 84.37
Wapic buy 0% volume index 0.71 MFI 51.10
Zenith buy 20% sell 80% MFI 41.88

https://investdataltd..com/2019/07/investdata-daily-sentiment-report-as-of_26.html

Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 10:47pm On Jul 23, 2019

For us to continue to serve you better, we at investdata Ltd will appreciate if you can take a minute out of your busy schedule to drop a review about our services on the link below.

https://g.page/Investdata/review

Thank you.

Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 10:34pm On Jul 23, 2019

Investors Bet On FG’s Cabinet List, MPC Outcome, Earnings Reports, Amidst Liquidity Constraints

Market Update for July 22
The negative sentiment and selloff narrative on the Nigerian Stock Exchange (NSE) continued on Monday, the first trading session of the week, with the composite All-Share index closing lower to wipe clean previous day’s gain on an above-average traded volume.
The failure of the government to assemble a cabinet five months after President Muhammadu Buhari was re-elected and almost two months after his inauguration for a second and final four-year term in office shows the seeming confusion of the country’s leadership. This has continued to dampen investor confidence, just as the proposed reintroduction of Value Added Tax (VAT) charges on all capital market transactions is bound to negatively impact cost and returns on investment.

The VAT charge is billed to begin on Thursday, July 25, and could mean double taxation on investors who already pay VAT on their dividend which could further discourage investment and wealth creation through the trading of securities. This is a further threat to the already fragile economy.

We would not be surprised, judging from the President’s body language, that more of the Ministers who served in the previous tenure will be reappointed, and as such there will little or no element of surprise.
Meanwhile, it was a very volatile and mixed session as the NSEASI started marginally on the upside till the mid-morning before pulling back sharply by the afternoon after touching intraday low of 27,808.69 basis points from a high of 28,070.43bps. This was as investors anticipated more corporate earnings and outcome of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) meeting.

Investors and traders will this morning react to the half-year numbers from Lafarge Africa Plc, which hit the market after trading hours on Monday. The numbers were not disappointing despite the mixed performance with flat top-line and significant improvement in the bottom-line, as it continues with the divestment from its South African operation (READ MORE).
Monday’s market technicals were negative and mixed, with higher volume traded than the previous day’s, amidst negative breadth. There was also a high selling pressure as revealed by Investdata’s Daily Sentiment Report, with the session’s ‘sell’ position at 100% of the total daily transaction volume index of 0.68.

The forces behind the day’s performance remained seriously weak, despite inching up, as Money Flow Index read 15.28 points, higher than previous day’s 6.39bps, indicating that funds are moving around some stocks, despite the continued selloff in high and low cap stocks in the phase of low liquidity in the market.

Index and Market Cap
At the end of trading, the benchmark NSEASI lost 110.81bps to close at 27,808.69bps after opening at 27,919.50bps, representing a 0.40% decline, while market capitalization shed N54.01bn, closing at N13.55tr, from its opening value of N13.61tr, which also represented 0.40% value loss.

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

The persisted decline was driven by selloffs in MTNN, Nigerian Breweries, Guaranty Trust Bank, Zenith Bank, Flour Mills, FBN Holdings, Oando, Nascon, Honeywell, and Transcorp Plc whose directors reported a less than expected half-year score-card (READ MORE), among others. This further intensified the negative position of the market, with the NSE’s Year-to-Date loss rising to 11.52%, just as YTD market capitalization gain dropped to N1.83tr, or 15.63%, above the year’s opening level of N11.72tr.

Mixed Sectoral Indices
The sectoral performance indexes were largely down, except for the NSE Banking and Insutraial goods that closed higher by 0.42% and 0.24% respectively, while the Insurance index led the decliners after dropping 1.18%, followed by Consumer Goods with 0.94%, just as oil/gas slipped 0.16%.

Market breadth remained negative as decliners outnumbered advancers in the ratio of 19:14; while market activities were mixed, with volume traded rising by 6.52% to 285.76m shares, from previous day’s 268.34m units, as transaction value fell to N2.24bn from the previous day N2.81bn. The session’s volume was driven by trades in financial services, ICT and Conglomerates stocks such as Courville Business Solution, Sterling Bank, UBA, Transcorrp, and Zenith Bank.

The best-performing stocks for the day were African Prudential and United Bank for Africa which led the advancers’ table with 8.82% and 8.18% gains respectively, closing at N3.70 and N5.95 per share, on improved numbers and low price attraction ahead of the expected interim dividend payout. On the flip side, NASCON and Consolidated Hallmark Insurance lost 10% and 9.65% respectively to close at N13.50 and N0.28 on selloff and profit.

Market Outlook
We expect the market to reverse in the coming days as more earnings are announced and depending on the outcome of the MPC meeting that would be announced today to determine whether bargain hunters will take advantage of the prolonged bearish trend and buy as the half-year earnings reporting season enters peak period. Discerning investors should target value stocks considering the current low valuation to position for dividend income and capital gain, especially as the market’s Price to Earnings ratio is 7.28x, which is well below the 11.1x average of its peers and a five-year average of 13.2x. This revealed value and high upside potentials for a rally.

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

Ambrose Omordion
CRO|Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467
https://investdata.com.ng/2019/07/investors-bet-on-fgs-cabinet-list-mpc-outcome-earnings-reports-amidst-liquidity-constraints/

Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 10:19pm On Jul 23, 2019

Investdata Daily Sentiment Report as of 23 July 2019

NSEASI buy 0% MFI 15.28
Access buy 33% sell 67% MFI 66.17
Afrprud buy � volume index 0.95 MFI 23.49
Aiico buy 0% volume index 0.99 MFI 44.08
Chiplc buy 0% volume index 1.10 MFI 50.48
Dangcem buy 28% sell 72% volume index 2.16 MFI 24.25
Dangflour buy � volume index 1.62 MFI 69.59
Fbnh buy 0% MFI 11.76
Fcmb buy � volume index 0.87 MFI 38.97
Fidelity buy 0% volume index 1.03 MFI 19.00
Fmn buy 0% volume index 1.20 MFI 20.60
GT buy 0% MFI 24.58
Honyflour buy 0% volume index 0.80 MFI 30.83
Japaul buy � volume index 6.49 MFI 40.48
Lasaco buy 0% volume index 0.95 MFI 87.12
Nahco buy 70% sell 30% volume index 3.44 MFI 0.00
Nascon buy 0% volume index 3.77 MFI 7.83
Nestle buy � volume index 1.24 MFI 19.60
Oando buy 0% volume index 1.84 MFI 59.62
Prestige buy 0% MFI 83.19
Pz buy � volume index 1.25 MFI 36.93
Sterling buy � volume index 4.94 MFI 58.30
Transcorp buy 17% sell 83% volume index 3.18 MFI 30.40
Uacn buy 0% MFI 23.33
Uba buy � volume index 2.16 MFI 18.74
Ubn buy � volume index 7.21 MFI 16.97
Ucap buy 62% sell 38% volume index 4.07 MFI 15.92
Wapco buy 29% sell 71% MFI 83.20
Wapic buy 0% MFI 49.39
Zenith buy 33% sell 67% MFI 34.87

https://investdataltd..com/2019/07/investdata-daily-sentiment-report-as-of_23.html

Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 10:13pm On Jul 23, 2019

Notification of Lifting of Suspension Placed on the Trading of the Shares of Continental Reinsurance Plc

We refer to our Market Bulletin dated 31 December 2018, with Reference Number: NSE/RD/LRD/MB7/18/12/31 wherein we notified Dealing Members of the suspension of Continental Reinsurance Plc (the Company) as requested by the Issuer through its Stockbroker, Chapel Hill Denham Securities Limited for the purpose of determining the shareholders that will qualified to receive the scheme consideration following the resolutions passed by the shareholders of CRE at the Court-Ordered Meeting held on 20 December 2018 in favour of the proposal by CRE African Investments Limited (a major shareholder of the CRe) to acquire all the outstanding and issued shares of CRE for cash or shares.

The Securities and Exchange Commission has directed that the Company reconvene another Court-Ordered Meeting to consider the Scheme of Arrangement thereby invalidating the Court Ordered Meeting held on 20 December 2019. Hence, the condition upon which the suspension was earlier placed ceased to subsist. Consequently, the Suspension on the trading of the shares of Continental Reinsurance Plc was today; Thursday, 18 July 2019 lifted to allow shareholders trade on their shares pending the reconvening of the meeting and announcement of a new effective date by the company

https://investdataltd..com/2019/07/notification-of-lifting-of-suspension.html

Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 1:21pm On Jul 22, 2019

Transcorp Plc H1 Comes Below Market Expectations, Betrays Sorry State Of Nigeria’s Economy

Transnational Corporation of Nigeria Plc, one of the country’s fastest-growing conglomerates on the Nigerian Stock Exchange (NSE), recently released its earnings report for the 2019 half-year ended June 30, as it continues to raise its game in the area of corporate governance, remaining a consistent early filer on a yearly and quarterly basis.

The numbers revealed declining top and bottom lines, thereby disappointing investors, especially considering its years of restructuring, capacity building and investment which has not reflected on the earnings reports under consideration.
The group seemed to be silent on how far it has gone in its ongoing oil prospecting which it said last year would begin to impact its books positively from February this year, long before the news of its bid for Afam Energy plants.
It may be necessary, going forward, for the management of Transcorp Plc to re-strategize and reposition its services and boost performance, while creating value for all its stakeholders.

Transcorp earnings for the period under review was deflated by low sales in its energy business segment, with capacity charge and profit fell to N17.84 billion and N10.56 billion respectively, from N29.79 billion and N16.24 billion in the corresponding period of 2018, following which the marginal growth recorded by the hospitality business segment pale into insignificance.
Turnover for the period dropped by 30.19% to N37.76 billion, from the previous year’s N54.09 billion, despite the seemingly decline in cost of sales, while profit before tax slipped to N5.05 billion from N11.94 billion, a significant 57.71% decline below the 2018 position. Provisions for tax stood at N435.73 million, as against the N1.06 billion reported in 2018, just as net profit stood at N4.61 billion, representing 57.63% decline when compared to N10.88 billion in 2018. This followed the continued increase in cost component as shown in the Net Profit Margin ratio of 12.22%, down significantly from the previous 20.11%.

The group produced actual Earnings Per Share (EPS) of 11kobo, down from 27kobo in the first half of 2018, which translates to Earnings Yield of 11.24% when benchmarked against the current market price as at the release date of the financials.
Within the period, Book Value however improved marginally to N2.69, up from the N2.60 achieved in the corresponding period of 2018, which means the stock is still undervalued and has a high margin of safety, while investors waiting period increased slightly on the strength of the weak earnings power to 2.22x6x, from 1.18x.
On the current mood of the macroeconomic environment and unimpressive numbers from the group’s track record in the last two quarters of 2019, on the strength of the company’s Price/Earnings ratio of 2.22x and Book Value of N2.69 per share, we have conservatively valued shares of Transform Plc at N2.10 per unit. We also recommend a BUY for all investment objectives, considering the nature of its services and sectors in which it operates.

The price action above shows a downtrend since the last week of February when Transcorp Plc released its 2018 full-year earnings report and offered a dividend a three kobo dividend. The stock continues to oscillate and side trended on low volume traded before the recent pull-back that has created an entry opportunity for short and long term investors. Transcorp Plc resisted further decline after forming a multiple bottom chart pattern since August 24, 2018, before finally breaking down the yellow line recently. Market sentiments before the ongoing earnings season had been negative due to the low market liquidity and weak economic fundamentals. The stock’s upside potential is high and recovery is underway.

Company History
In the power sector, Transcorp Power Limited (TPL) is the resultant entity from the November 2015 merger of Ughelli Power Plc (UPP) and Transcorp Ughelli Power Limited (TUPL), both located in Delta State.
In 2012, TUPL won the bid to acquire UPP, one of the six power generation companies of the unbundled Power Holding Company of Nigeria (PHCN) during the Federal Government’s privatization exercise. TPL has successfully increased the plant’s functional capacity from the pre-acquisition level of 169megawatts in November 2013 to 634mw, which is close to a pre-acquisition maximum capacity of 670mw set by the Bureau of Public Enterprises (BPE). There are plans to further grow its capacity to over 3,000mw over a five-year period.

Transcorp Hotels Plc is the group’s hospitality subsidiary and currently owns Transcorp Hilton Abuja and Transcorp (Metropolitan) Hotels Calabar. In addition, it signed a management agreement with Hilton Worldwide to commence the development of a Transcorp Hilton Ikoyi, Lagos, as well as the Transcorp Hilton Port Harcourt. The completion of strategic expansion projects to upgrade current hotels and develop new hotels will result in Transcorp having the largest number of hotel rooms by any investor in Nigeria.
In the oil & gas sector, Transcorp Energy Limited, a fully owned subsidiary, established in 2008, oversees a joint venture agreement with Sacoil Holdings Limited (Sacoil) to develop its OPL 281 asset in collaboration with Energy Equity Resources Limited (EER). Production is yet to commence on this asset.

Five-Year Performance Analysis
The performance of Transcorp Plc over the past five years has been mixed and unstable, reflecting the different challenges it faced under the previous owners and management, especially in its tortuous formative years during which its price collapse from N10 each, to the then floor of 50 kobo. There was however a turnaround in 2017, which was sustained in 2018 when the company posted its most outstanding performance so far in its history. Revenue CAGR stood at 30.39% between 2014 and 2018, with growth impacted by the contribution from its power division.
Profit has been unstable also, rebounding to N10.61 billion in 2017 after a negative 2016 account, as it recorded 94.46% growth to N20.63 billion in 2018.
Book Value expanded by a 5-year CAGR of 17.38% from N89.75bn in 2014, while historical dividend payout also showed inconsistency, given that it only started paying in 2013. The company has rewarded shareholders in five of the last six financial years.

Estimated Performance Ratios
Transcorp Plc’s Earnings Per Share for the five-year period has been undulating, reflecting the unstable business environment in the various sectors of operation. But with the continued capacity building and investment over the years, the group’s earnings power is gradually becoming stable. Earnings per share increased from 0.09 kobo in 2014 to 51 kobo in 2018 after declining first to 5 kobo in 2015, following which it slipped into a negative position of three kobo in 2016, before the 2017 rebound to EPS of 26 kobo. The relatively low price and improved earnings have reduced investors’ waiting period to 3.37x at the market value as at released date, from a high Price/Earnings Ratio of 41.01x in 2014.
Book value for the period has grown from N2.32 in 2014 to N2.59, reflecting that it is undervalued, considering its market price. Other performance ratios were mixed, with Price to Earnings ratio, Return on Equity and Profit Margin indicating improvement in the company’s performance since 2017.

https://investdata.com.ng/2019/07/transcorp-plc-h1-comes-below-market-expectations-betrays-sorry-state-of-nigerias-economy/

Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 1:12pm On Jul 22, 2019

26-Month Bear-run: Caution Still, As Investors Await Q2 Earnings, Fiscal Stimulus, To Rescue NGSE Index

Market Update for the week ended July 19 and Outlook for July 22-26
Stocks closed lower on the Nigerian Stock Exchange (NSE) over the past week, despite Friday’s marginal gain as the benchmark All-Share index closed the period on a negative note after touching a new lower low of 27,803.57 basis points. It extended its third consecutive week of decline on a low volume amidst selling pressure across all market sectors.

The absence of economic reforms policies and direction by the government has finally dragged the benchmark NSE index below the 28,000 mark as investors review the political risk associated with the failure by government to appoint a cabinet almost two full months after President Muhammadu Buhari took his oath of office for the second four-year term. The situation becomes even worse when the severe insecurity situation is factored into the equation, as well as weak government earnings, low liquidity, and low purchasing power, all of which are showing in the nation’s mixed economic fundamentals. These have, so far, also played out in the ongoing selloffs and volatility on the NSE, given that the stock market as a leading economic barometer had suffered losses in the last 26 months, which can be appropriately termed a recession. The market’s prolonged bear-run is an indication that something is indeed wrong with the Nigerian economy, given that it cannot be separated from the systemic problems in the nation’s socio-economy.

The market and economy have been rocked back and forth in recent years on a mixed outlook on the global economic sphere, the prevailing negative sentiment and low confidence in the system. Considering the ongoing trade dispute between the U.S and China, the Fed’s plan to cut rates in the face of oscillating crude oil price has slowed down pressure on emerging markets currency. This is expected to pave way for the nation’s monetary policy to further reduce the benchmark Monetary Policy Rate (MPR) so as to make funds cheap while increasing credit flows that will boost productivity and consumption as desired by Central Bank of Nigeria (CBN).

The key macroeconomic indicators suggest that a cut in interest rate will help ongoing CBN efforts at stimulating economic growth and development. For instance, the Purchasing Managers Index (PMI), which measure of the rate of expansion in the nation’s manufacturing activities, eased from 57.8 points in May 2019 to 57.4 points in June, which suggests weakening expansion in the sector, attributable to the high cost of capital and the poor state of critical infrastructures like power and transportation.
We, however, believe a further cut in MPR at this time will result in an expansion of the PMI in the coming months due to a reduced cost of capital.

We also believe that the spillover effects of a further cut in the MPR will increase the production and employment capacity of the real sector, as well as the purchasing power of many consumers in the near term to oil the macro-economy. This will, in turn, impact the performance of the equity market as surplus economic agents will likely consider making new investment decisions, while producers (taking advantage of the reduced cost of funds) will declare better dividends.
Election season is over and harvest season is here to help keep inflation under check and ahead of the minimum wage implementation.

Movement Of NSEASI
Meanwhile, the composite NSEASI opened last week on a negative note losing 0.81%, an extension of the previous session’s loss as selloffs continued. This trend was maintained on Tuesday, Wednesday, and Thursday as stocks shed 0.41%, 0.56%, and 0.64% respectively, before Friday’s rebound, gaining 0.20%. This brought the week’s total loss to 2.27% which was slightly lower when compared to the previous week’s 2.41% decline.

The market witnessed a huge selloff during the period to further push the NSE’s year-to-date loss to 11.17%; while market breadth was yet negative, as selling pressure increased due to a lack of liquidity and economic direction, as investors continue to adopt the wait-and-see attitude ahead of the Q2 earnings reporting season, especially for interim dividend-paying stocks.
Kobo stocks and low cap equities were the week’s top gainers, dominating the advancers table, while highly capitalized and blue-chip stocks remained under intense ‘sell’ pressure in the midst of a low traded volume and the prevailing low liquidity.
The momentum behind the week’s performance was weak, as shown by the money flow index at 17.50 basis points, compared to 17.00bps in the previous week, indicating that new funds are not entering the market but moving among some stocks. Also, sentiments remain negative and mixed, with a sell position at 85% and ‘buy’ volume, 15% on a transaction volume index of 0.63.

NSEASI Weekly Time Frame
The selling pressure in medium and high cap stocks increased as many touched their new 52 weeks low in the midst of free fall in equity prices and the Q2 earnings season on a low transacted volume which reveals accumulation and indecision among traders as money flow index remained weak, even though it managed to inch up (READ MORE). The poor liquidity and negative market breadth supported the pullback, but Friday’s rebound signals that bargain hunters are repositioning, a situation which may support recovery, especially as more company are expected to release their numbers in this last full week of the month. However, the expected reversal will be a function of liquidity and the strength of half-year scorecards

Nonetheless, the low transaction volume in the market raises hope for a bull run in a bearish market.
The current chart pattern on the NSEASI supports a reversal, as it trades below its 20-Day Moving Average and on top of the lower Bollinger band, line, while RSI is reading ‘oversold’ at 32.68. But then, Money flow at 17.50 points remains weak.

BearishSectoral Indices
All the sectoral performance indexes for the week were in red, with the NSE Oil/Gas led the decliners after shedding 5.70%, followed by the NSE Industrial Goods index with 5.17%, just as the banking, insurance and Consumer Goods indexes closed at 4.30% , 3.77% and 0.01% down respectively.

The selling sentiment across all sectors is coming at the peak of earnings reporting season and a negative market breadth with decliners outnumbering advancers in the ratio of 52:15, to withstand the down market.
Market activities were mixed as volume was up by 10.10% to 1.09bn shares, compared to 988.49m units traded in the prior week, while value slipped by 3.25% to N13.39bn from N13.84bn in the preceding week.
The best-performing stocks for the week were LASACO and Abbey Mortgages that topped the advancers’ chart with 13.79% and 10% gains respectively, to close at N0.33 and N0.99 per share on 3kobo dividend and market forces. On the flip side, McNichols and CCNN lost 18.18% and 17.24% respectively, closing at N0.45 and N12.00, on profit-taking.

Market Outlook
We expect bargain hunting at this point and repositioning for half-year earnings reporting season to change the market direction this week, considering the positive inflation data for June ahead of the MPC meeting slated for Monday and Tuesday, as discerning investors take advantage of low valuation to buy into interim dividend stocks and undervalued equities.
They may also take into consideration the expected economic reforms as government announces its much-awaited new cabinet, just as plans by the CBN to reduce banks’ participation in government securities is expected to boost private-sector lending to drive economic activities and investment.

Profit-taking may persist in highly capitalized stocks due to portfolio restructuring. Hence, overall market performance to remain mixed amidst positive sentiments and negative breadth.
Market players should maintain a cautious outlook due to low confidence, liquidity and the wait for major economic triggers. Hence, we advise investors to trade cautiously in the short-term, with their gaze fixed on blue-chip stocks that are selling more than 40% below their 52 weeks high. As we look out for a positive catalyst to drive market recovery.
That notwithstanding, we would not overlook the possibility of a bargain-hunting motive supporting positive performance, especially with many fundamentally sound stocks remaining underpriced. With the prices of major blue chips continuing to drop in recent weeks, we expect speculative trading to shape the market’s direction this week, despite the seeming negative outlook.

The sustained volatility will continue as investors and fund managers rebalance their portfolios, with eyes fixed on the political space and post-inauguration market dynamics. Investors should review their positions in line with their investment goals, the strength of company numbers and act as events unfold in the global and domestic environment.
However, we would like to reiterate our advice that investors should go for equities with intrinsic value and allow numbers guide their decisions while repositioning in any stock, especially now that stock prices remain low in the midst of mixed company numbers, weak economic and market fundamentals.

Ambrose Omordion
CRO|Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467
https://investdata.com.ng/2019/07/26-month-bear-run-caution-still-as-investors-await-q2-earnings-fiscal-stimulus-to-rescue-ngse-index/#more

Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 1:04pm On Jul 22, 2019

Hello Investors,

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Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 1:22am On Jul 22, 2019

Nestle, Seplat, UBA, Okomu, PZ, Hit New 52-Week Low On NGSE

https://investdata.com.ng/2019/07/nestle-seplat-uba-okomu-pz-hit-new-52-week-low-on-ngse/

Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 1:11am On Jul 22, 2019

Investdata Price & Earnings Tracking For Week Ended July 19, 2019

https://investdata.com.ng/2019/07/investdata-price-earnings-tracking-for-week-ended-july-19-2019/#more

Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 1:06am On Jul 22, 2019

Investdata Weekly Sentiment Report as of July 20, 2019

NSEASI buy 15% sell 85% MFI 17.50
Access buy 69% sell 31% MFI 68.19
Afrprud buy 0% MFI 36.09
Aglev buy 67% sell 33% volume index 1.91 MFI 42.11
Aiico buy 14% sell 86% volume index 0.86 MFI 55.42
Berger buy 0% MFI 27.51
Cadbury buy 0% MFI 75.44
Cap buy 0% MFI 19.44
Ccnn buy 0% MFI 7.17
Chams buy � MFI 64.27
Chiplc buy 60% sell 40% volume index 1.00 MFI 53.29
CIleasing buy 0% MFI 0.21
Conoil buy 60% sell 40% volume index 4.08 MFI 31.48
Custodian buy 50% sell 50% MFI 27.40
Cutix buy 0% MFI 30.25
Dangcem buy 17% sell 83% volume index 1.69 MFI 49.66
Dangflour buy � MFI 65.94
Dangsugar buy � MFI 20.10
Eterna buy 0% MFI 39.16
Eti buy 44% sell 56% MFI 16.37
Fbnh buy 55% sell 45% volume index 1.92 MFI 18.21
Fcmb buy 89% sell 11% MFI 55.84
Fidelity buy 20% sell 80% MFI 41.66
Fmn buy 18% sell 82% volume index 0.77 MFI 46.06
Fo buy 77% sell 23% volume index 0.84 MFI 61.39
GT buy 20% sell 80% volume index 1.26 MFI 62.09
Honyflour buy � volume index 0.76 MFI 39.88
Japaul buy 50% sell 50% MFI 67.15
JBerger buy 0% MFI 39.08
Lasaco buy 40% sell 60% volume index 3.86 MFI 89.47
Lawunion buy 0% MFI 89.65
Mansard buy 0% MFI 68.76
Mben buy 0% volume index 2.76 MFI 38.58
Nahco buy 0% MFI 61.07
Nascon buy 0% volume index 1.81 MFI 5.98
Neimeth buy 0% MFI 46.86
Nem buy 0% MFI 64.92
Nestle buy � volume index 1.11 MFI 51.12
Oando buy 30% sell 70% volume index 1.12 MFI 33.74
Okomu buy 0% MFI 13.21
Pz buy 0% volume index 1.90 MFI 15.34
Red buy 16% sell 84% MFI 53.59
Seplat buy 0% volume index 0.82 MFI 47.84
Sovereins buy � MFI 31.08
Stanbic buy 0% volume index 3.74 MFI 21.95
Sterling buy � MFI 63.08
Total buy 0% volume index 1.40 MFI 0.00
Transcorp buy 67% sell 33% MFI 48.49
Uacp buy 0% MFI 59.23
Uacn buy 0% MFI 52.98
Uba buy 11% sell 89% volume index 1.19 MFI 35.34
Ubn buy 14% sell 86% MFI 88.87
Ucap buy 43% sell 57% MFI 25.14
Unilever buy 0% MFI 48.78
Uniondac buy 0% MFI 23.47
Unity buy 83% sell 17% MFI 34.29
Vitafoam buy � MFI 55.00
Wapco buy 8% sell 92% volume index 0.90 MFI 86.82
Wapic buy 0% MFI 28.80
Wema buy 50% sell 50% MFI 98.80
Zenith buy 7% sell 93% MFI 16.17

https://investdataltd..com/2019/07/investdata-weekly-sentiment-report-as_21.html

Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 1:03am On Jul 22, 2019

NGSE Index Hits 26-month Low, Touches October 2016 Levels, As YTD loss Rises To 11.35%

Market Update for July 18
The free fall of equity prices on the Nigerian Stock Exchange (NSE) continued on Thursday with the benchmark All Share index breaking down its last strong support level of 28,019.97 basis points to touching new 26-month lower lows of 2016 October market position. The index has defied all the Fibonacci retracement levels on strong selloffs across all sectors to extend its seventh successive days of losing on less than average traded volume.

The continued market decline is a clear indication that something is critically wrong with the Nigerian economy, especially looking at the mixed macroeconomic indices revealing weak economic fundamentals, in the form of low market liquidity, the absence of a policy direction. Also, it is clear that the market got to this sorry state, because the government failed to do the needful at the right time and rather has occupied itself with things that have very little socio-economic impact on Nigerians and the need to remove the mass of its citizens from multi-dimensional poverty, according to a recently released UNDP report (READ MORE).

As, we have noted in the past, corporate earnings will, and have indeed started revealing the weak state of the Nigerian economy, giving insights into what Q2 GDP figure will look like, after the Q1 witnessed slow growth, against the backdrop of the fact that two successive quarters of decline amounts to a recession. On Thursday evening, two members of Tony Elumelu’s Heirs Holdings- Transnational Corporation of Nigeria (Transcorp- a conglomerate) and United Capital Plc (a non-bank financial services group) published their half-year result which showed significant over 50% drops in their bottom-lines, reflecting the gloomy state of the economy. Transcorp’s top and bottom-lines were down by 30.2% and 57.6% respectively to N37.76bn and N4.66bn; which those of United Capital for the same period, dropped 16.52% and 15.98%.
The NSE All-Share index opened to the downside on Thursday morning and moved farther between midday to afternoon to consolidate, and touched the session intraday lows at 27,864.49bps, from a high of 28,067.62bps, forming a descending triangle and wedge chart pattern, after which it closed the day lower at 27,864.49bps on a negative breadth.

Market technicals were negative and weak as traded volume was lower than the previous day’s, while breadth favored the bears on a high selling pressure as revealed by Investdata’s Daily Sentiment Report. The session’s ‘sell’ volume was 100%, while the ‘buy’ position was 0% of the total daily transaction volume index of 0.42.
The impetus behind the day’s performance remained seriously weak, as Money Flow Index read 6.74 points, which was lower than the previous day’s 15.34bps, an indication that funds left some stocks and the market, as selloff persisted in high cap and blue-chip stocks.

Index and Market Cap
At the end of trading, the composite NSEASI lost 178.31bps to close at 27,864.49bps after opening at 28,043.32bps, a 0.64% decline, as it broke down the psychological line of 28,000bps. Market capitalization shed N86.9bn to close at N13.58tr, from its opening value of N13.67tr, which also represented 0.64% depreciation in value.
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The day’s decline was due to selloffs and profit-taking in MTNN, Seplat, Zenith Bank, NB, Access Bank, International Brewery, Forte Oil, UBN, Stanbic IBTC, and UBA, among others, which further heightened the negative position of the market. The loss dragged the NSE’s Year-to-Date loss to 11.35%, just as YTD market capitalization gain dropped to N1.86 trillion, or 15.85%, above the year’s opening level of N11.72tr.

Bearish Sector Indices
All the sectoral performance indexes were lower except for NSE Industrial which closed higher by just 0.06%, while the decliners were led by NSE Oil/Gas index after shedding by 4.74%, followed by insurance with 1.69%; next were Banking and Consumer goods that dipped by 1.19% and 0.37% respectively.

Market breadth remained negative as decliners outnumbered advancers in the ratio of 19:12, while transaction volume and value fell by 28.1% and 30.2% respectively to 175.36m shares worth N2.71bn, from the previous day 243.72m units valued N3.89bn. Volume was driven by trades in financial services stocks such as FBN Holdings, Zenith Bank, Sterling Bank, UBA and Access Bank.
Conoil and Dangote Sugar were the best-performing stocks of the day, leading the advancers’ table with 9.76% and 9.22% gains respectively to close at N20.25 and N11.25 per share, on the proposed dividend and market forces respectively. On the flip side, Berger Paints and International Brewery lost 10% each, closing at N6.30 and N15.30 each on bearish trend and selloff.

Market Outlook
Being the last trading day after straight seven sessions of decline, we expect the market trend to slow down at this point and reverse, despite breaking down into the 2016 October position. But as bargain hunters take advantage of the prolonged bearish trend and buy ahead of the half-year earnings reporting season and next week’s meeting of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC), as the NSE index had gradually formed a double bottom that supports reversal. Discerning investors should target value stocks considering the current low valuation to position for dividend income and capital gain, especially as the market’s Price to Earnings ratio is 7.4x, which is well below the 11.1x average of its peers and a five-year average of 13.2x. This revealed value and high upside potentials for a rally.

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

Ambrose Omordion
CRO|Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467
https://investdata.com.ng/2019/07/ngse-index-hits-26-month-low-touches-october-2016-levels-as-ytd-loss-rises-to-11-35/

Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 12:47am On Jul 22, 2019

Investdata Daily Sentiment Report s at July 19, 2019

NSEASI buy 0% MFI 6.74
Access buy 0% volume index 0.72 MFI 53.54
Aiico buy � volume index 2.76 MFI 49.03
Chams buy � MFI 30.08
Chiplc buy � volume index 1.01 MFI 56.19
Dangsugar buy � volume index 0.77 MFI 48.66
Eti buy � MFI 55.69
Fbnh buy 0% volume index 2.03 MFI 10.87
Fcmb buy � volume index 0.70 MFI 31.61
Fidelity buy � volume index 0.85 MFI 26.06
GT buy � MFI 13.86
Lasaco buy � volume index 1.10 MFI 92.64
Mben buy 0% volume index 1.29 MFI 75.38
Nem buy 0% volume index 2.46 MFI 14.47
Oando buy � volume index 0.71 MFI 60.51
Sterling buy � volume index 2.04 MFI 28.57
Transcorp buy 0% MFI 39.68
Uacn buy 75% sell 25% volume index 0.96 MFI 19.26
Ucap buy � MFI 26.80
Wapco buy � MFI 90.40
Zenith buy 0% MFI 29.02

https://investdataltd..com/2019/07/investdata-daily-sentiment-report-as-of_21.html

Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 6:03pm On Jul 18, 2019

Stocks Bleed Further, NGSE Indicators Approach October 2016 Lows, As FG Keeps Investors Waiting

Market Update for July 17
Stock prices nosedived further on the Nigerian Stock Exchange (NSE) at the midweek with the All Share Index extending its losing streak for the sixth consecutive session to close lower amidst the prolonged confidence crisis that has been deepened by political risk, as well as weak and mixed economic fundamentals. These have triggered continued volatility and selloffs on the exchange, given that the stock market cannot be divorced from the systemic problems in the nation’s politico-economic sphere.

Despite the seeming slowdown in the inflation rate in the month of June at 11.22% and the earnings reporting season entering its peak period with just a few companies releasing their scorecards so far, investors and traders are worried over the possible signals of weak and disappointing earnings by listed companies. If not, the argument goes, the announcement of their half-year numbers would not take this long.
The composite index opened for Wednesday’s trading on a slight upside in the morning and then pulled back between mid-morning and afternoon, before stair-stepping lower to consolidate the rest of the session. During the period, it tested a strong support level to make lower lows after touching intraday low of 28,042.69 basis points from its high of 28,259.78bps, before finishing the day at 28,043.32bps on above-average traded volume.

Midweek’s market technicals were negative as volume traded was higher than the previous day’s, with breadth favoring the bears on a negative sentiment as revealed by Investdata’s Daily Sentiment Report. The session’s ‘sell’ volume was 100%, while ‘buy’ position was 0% of the total daily transaction volume index of 0.58.
The momentum behind the day’s performance remained seriously weak, despite inching up, as Money Flow Index read 15.34 points, which was higher than the previous day’s 14.97bps, an indication that funds are moving around some stocks, amidst the continued selloff in high and low cap stocks on prevailing low liquidity in the market.

Index and Market Cap
At the end of Wednesday’s trading, the benchmark NSEASI shed 158.08bps to close at 28,043.32bps after opening at 28,200.88bps, representing a 0.56% drop, while market capitalization lost N77.05bn to close at N13.67tr, from its opening value of N13.74 trillion, which also represented 0.56% value loss.
Attention: If you haven’t signed up for Investdata buy and sell signal setup, don’t delay. We have just added another risk management feature and new favorite stocks of the most revered traders and investors in corporate Nigeria to our watchlist, these stocks are with double potentials. To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. Take advantage of this service to buy right and sell right during this portfolio reshuffling and repositioning ahead of Q2 numbers and fiscal stimulus.

The session’s downturn for was driven by selloffs and profit-taking in Dangote Cement, Nestle, Zenith Bank, Julius Berger, Guaranty Trust Bank, Flour Mills, Forte Oil, and UBA among others, which further heightened the negative position of the market. The loss dragged the NSE’s Year-to-Date loss to 10.78%, just as YTD market capitalization gain dropped to N1.95tr, or 16.60%, above the year’s opening level of N11.72tr.

Bearish Sector Indices
All the sectoral performance indexes were in red, led by the NSE Insurance index which dropped by 1.54%, followed by banking with 1.44%; while Consumer, Industrial Goods, and oil/gas slipped 0.77%, 0.69% and 0.05% down respectively.
Market breadth was negative as decliners outnumbered advancers in the ratio of 26:8; market activities were up in volume and value traded by 13.48% and 120.77% respectively to 243.72m shares worth N3.89bn, from the previous day 217.13m units valued N1.8bn. The day’s volume was driven by trades in financial services stocks such as Guaranty Trust Bank, FBN Holdings, UBA, Zenith Bank and Lasaco.
The best-performing stocks for the day were AG Leventis and Chams which led the advancers’ table with 10% and 8.30% gains respectively to close at N0.33 and N0.27 per share, on market forces. On the flip side, Julius Berger and Nahco lost 9.77% and 9.62% respectively to close at N18.00 and N2.35 on bearish mood and selloff.

Market Outlook
We expect the market trend to slow down at this point and reverse, any breakdown of this level will take the market back to 2016 October position. But as bargain hunters take advantage of the prolonged bearish trend and buy ahead of the half-year earnings reporting season and next week’s meeting of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC), as the NSE index had gradually formed a double bottom that supports reversal. Discerning investors should target value stocks considering the current low valuation to position for dividend income and capital gain, especially as the market’s Price to Earnings ratio is 7.4x, which is well below the 11.1x average of its peers and a five-year average of 13.2x. This revealed value and high upside potentials for a rally.

They may also take into consideration the expected economic reforms as the government announces its much-awaited new cabinet, just as CBN had rollout it plans to boost productivity and investment by instructing the banks to lend more to the private sector. This is aimed at reducing banks’ participation in government securities and lending more to the private sector to drive economic growth.
There is also the likely impact of portfolio repositioning for the second half of the year in the midst of expected Q2 numbers, especially banking stocks.

Take Action
The difference between you and others who are not aware of what I am sharing with you is ACTION. Take action that will transform your life throughout 2019 and beyond by getting the just concluded and life-transforming INVEST 2019 TRADERS & INVESTORS SUCCESS SUMMIT, CHART SUMMIT, and POST ELECTION BULLS & BEARS Home study pack (USB) that you can play on your phone, Laptop and Television set.
The events were a successful, insightful and educative outing that not only offered direction as to where investors should look for profitable trade in 2019 and beyond, insight into industries, sectors, and companies to seek worthwhile returns. What stocks should you buy? Grab the pack for the 10 Golden Stocks with the possibility of offering in 2019 multiples of what broader stocks do, coming out of this market correction environment.

Ambrose Omordion
CRO|Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467
https://investdata.com.ng/2019/07/stocks-bleed-further-ngse-indicators-approach-october-2016-lows-as-fg-keeps-investors-waiting/

Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 6:00pm On Jul 18, 2019*

Investdata Daily Sentiment Report as of July 18, 2019

NSEASI buy 0% MFI 15.34
Access buy 0% MFI 52.77
Chiplc buy 0% volume index 0.86 MFI 61.17
Dangcem buy 0% volume index 2.25 MFI 18.05
Dangsugar buy 0% volume index 0.89 MFI 43.52
Fbnh buy � volume index 1.90 MFI 0.00
Fcmb buy 0% volume index 1.58 MFI 22.34
Fidelity buy 67% sell 33% volume index 1.42 MFI 25.84
Fmn buy 0% volume index 1.21 MFI 71.69
Fo buy � MFI 15.09
GT buy 40% sell 60% volume index 2.75 MFI 39.09
Honyflour buy 20% sell 80% volume index 2.63 MFI 37.89
Lasaco buy 50% sell 50% volume index 4.10 MFI 96.29
Mansard buy 0% volume index 1.01 MFI 54.87
Mben buy � volume index 6.57 MFI 73.11
Oando buy 0% volume index 1.00 MFI 69.83
Transcorp buy � MFI 39.32
Uacn buy 67% sell 33% MFI 35.89
Uba buy 33% sell 67% volume index 0.85 MFI 11.66
Ubn buy 44%…
[9:27 AM, 7/18/2019] Investdata 2: NSEASI buy 0% MFI 15.34
Access buy 0% MFI 52.77
Chiplc buy 0% volume index 0.86 MFI 61.17
Dangcem buy 0% volume index 2.25 MFI 18.05
Dangsugar buy 0% volume index 0.89 MFI 43.52
Fbnh buy � volume index 1.90 MFI 0.00
Fcmb buy 0% volume index 1.58 MFI 22.34
Fidelity buy 67% sell 33% volume index 1.42 MFI 25.84
Fmn buy 0% volume index 1.21 MFI 71.69
Fo buy � MFI 15.09
GT buy 40% sell 60% volume index 2.75 MFI 39.09
Honyflour buy 20% sell 80% volume index 2.63 MFI 37.89
Lasaco buy 50% sell 50% volume index 4.10 MFI 96.29
Mansard buy 0% volume index 1.01 MFI 54.87
Mben buy � volume index 6.57 MFI 73.11
Oando buy 0% volume index 1.00 MFI 69.83
Transcorp buy � MFI 39.32
Uacn buy 67% sell 33% MFI 35.89
Uba buy 33% sell 67% volume index 0.85 MFI 11.66
Ubn buy 44% sell 56% volume index 3.74 MFI 36.10
Wapco buy 25% sell 75% MFI 78.82
Wapic buy � volume index 0.72 MFI 49.44
Wema buy 20% sell 80% MFI 21.73
Zenith buy 0% MFI 29.21

https://investdataltd..com/2019/07/investdata-daily-sentiment-report-as-of_18.html

Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 2:28pm On Jul 17, 2019

Currency In Circulation Drops By 4.63% To N2.014tr In June- CBN

New data by the Central Bank of Nigeria (CBN), on Tuesday, showed that the value of currency outside of bank vaults in the country fell to its lowest in the seven months since November 2018 in the month of June 2019.
Curiously, data on the CBN’s website showed that unlike in other months when the figures are given as of month-end, currency in circulation stood at N2.104tr, on June 28, 2019, representing N97.775bn or 4.63% decline from the N2.111tr recorded on May 31.
The June figure, representing the second month-on-month decline, represented a year-on-year drop of N113.402bn or 5.96% from the N1.9tr recorded on June 28, 2018.

The latest figure also represents N227.24bn drop from the year’s N2.241tr peak achieve in February, the peak of Nigeria’s Presidential election season.
The drop may not, however, be unconnected with the non-implementation of the country’s Federal budget which is being delayed by the absence of a cabinet almost eight months into the year and five months after President Muhammadu Buhari was elected for a second and final four-year term.

https://investdata.com.ng/2019/07/currency-in-circulation-drops-by-4-63-to-n2-014tr-in-june-cbn/#more

Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 2:26pm On Jul 17, 2019

CBN Intervenes In Forex Market With $210m

The Central Bank of Nigeria (CBN), on Tuesday said it injected another $210m into the interbank segment of the Foreign Exchange Market.
According to figures obtained from the CBN, authorized dealers in the wholesale segment of the market were again offered $100m, while the Small and Medium Enterprises (SMEs) window received $55m, just as customers requiring foreign exchange for invisibles like tuition fees, medical payments and Basic Travel Allowance (BTA), among others.

The Director, Corporate Communications Department at the CBN, Isaac Okorafor, who confirmed the sales, reaffirmed the bank’s commitment to sustaining the level of stability in the foreign exchange market.
Recall that at the last intervention on Friday, July 12, 2019, the CBN injected all of $298.7m and CNY39.6m into the Retail Secondary Market Intervention Sales (SMIS) segment.
Meanwhile, the rate of exchange between the Naira and the US$ in the BDC segment of the market on Tuesday, July 16, 2019, was N360/$1.

https://investdata.com.ng/2019/07/cbn-intervenes-in-forex-market-with-210m/#more

Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 2:10pm On Jul 17, 2019

Flour Mills of Nigeria Plc has announced its corporate actions for the period ended 31st March 2019.

Proposed Dividend: Final dividend of ₦1.20 per 50 kobo ordinary share

Closure of Register: 12th August 2019 to 16th August 2019

Qualification Date: 9th August 2019

Payment Date: 6th September 2019

Date of AGM: 4th September 2019

Venue of AGM: The Grand Ball Room, Eko Hotel & Suites, Adetokunbo Ademola street, Victoria Island

Time of AGM: 12 noon

Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 2:02pm On Jul 17, 2019

Investdata Daily Sentiment Report as of July 17, 2019
Investdata Daily Sentiment Report as of July 17, 2019
Investdata Daily Sentiment Report as of July 17, 2019

NSEASI buy 15% sell 85% MFI 14.98
Access buy 50% sell 50% MFI 65.51
Aiico buy 0% volume index 1.90 MFI 35.73
Ccnn buy 0% volume index 2.41 MFI 79.29
Chiplc buy 40% sell 60 volume index 1.70 MFI 60.73
Conoil buy 0% volume index 2.76 MFI 47.00
Dangcem buy 5% sell 95% volume index 1.62 MFI 14.49
Fbnh buy 0% volume index 3.15 MFI 0.00
Fcmb buy � MFI 39.84
Fidelity buy � volume index 0.95 MFI 39.24
GT buy � MFI 57.65
Japaul buy 0% volume index 1.11 MFI 49.95
Oando buy � MFI 50.34
Pz buy � volume index 2.03 MFI 49.81
Stanbic buy 0% volume index 7.15 MFI 8.03
Sterling buy � MFI 11.57
Transcorp buy 0% volume index 1.42 MFI 30.08
Uacn buy 0% MFI 44.30
Uba buy 50% sell 50% volume index 1.42 MFI 19.22
Ucap buy � MFI 32.15
Wapco buy 0% MFI 83.33
Zenith buy 83% sell 17% MFI 28.03

https://investdataltd..com/2019/07/investdata-daily-sentiment-report-as-of_17.html

Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 1:24pm On Jul 17, 2019

Reversal Ahead, As Investors Target NGSE Value Stocks, Position For Q2 Score-cards

Market Update for July 16
Tuesday’s was yet another selloff session on the Nigerian Stock Exchange (NSE) as the benchmark All-Share Index extended its bearish run for the fifth consecutive day on negative sentiment and high selling pressure in blue-chip stocks, as the political risk arising from the lack of direction from the government continues to constrain investment decision. This, among others, has been further worsened by the rising insecurity challenges across the country.
The continued failure of the Federal Government to provide economic direction through reform policies that can stimulate productivity, just as the absence of a cabinet for effective governance has taken a toll on the economy, even as the business environment remains largely unfriendly.

Meanwhile, the Central Bank of Nigeria (CBN) has over the past two years focused on monetary stability, resulting in a 7.5% decline in consumer price index over the period; a rise in foreign exchange reserve; and currency stability. In this regard, the bank has done well, helped by a slowdown in prospects for U.S$ denominated interest rate, which has taken the pressure off emerging market currencies for now, despite the fluctuating crude oil price.
However, the nation’s stock market continues to reverberate in the sliding indices following which is daily reflecting in the very volatile and mixed sessions. The composite NSE index started slightly down in the morning and oscillated between midday to afternoon, before pulling back and touching intraday low of 28,138.50 basis points from its high of 28,566.41bps. It finally retraced up marginally to close the day at 28,200.88bps on lower than the average trading volume.
Market technicals for the day were negative and mixed as volume traded was higher than the previous day’s, amidst negative breadth and high selling pressure as revealed by Investdata’s Daily Sentiment Report. The session’s ‘sell’ volume was 85%, while ‘buy’ position was just 15% of the total daily transaction volume index of 0.52.

The energy behind the day’s performance remained seriously weak and flat, as Money Flow Index read 14.97 points, which was higher than the previous day’s 14.07bps, an indication that funds are moving around some stocks, amidst the continued selloff in high cap stocks on weak market fundamentals and profit-taking in kobo stocks.

Index and Market Cap
At the end of Tuesday’s trading, the composite index lost 140.15bps to close at 28,200.88bps after opening at 28,341.03bps, representing a 0.49% decline, while market capitalization lost N68.3bn, and closing at N13.74tr, from its opening value of N13.81tr, which also represented 0.49% depreciation in value.
Attention: If you haven’t signed up for Investdata buy and sell signal setup, don’t delay. We have just added another risk management feature and new favorite stocks of the most revered traders and investors in corporate Nigeria to our watchlist, these stocks are with double potentials. To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. Take advantage of this service to buy right and sell right during this portfolio reshuffling and repositioning ahead of Q2 numbers and fiscal stimulus.

The day’s decline was due to selloffs and profit-taking in MTN Nigeria, Zenith Bank, CCNN, FBN Holdings, Flour Mills, Forte Oil, UBA, Access Bank and Stanbic IBTC, which further heightened the negative position. The loss dragged the NSE’s Year-to-Date loss to 10.28%, just as YTD market capitalization gain dropped to N1.76 trillion, or 17.32%, above the year’s opening level 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 0.54% and 0.06% respectively, as Industrial index led the decliners after losing 2.16%, followed by Oil/Gas wit 0.97%; and next was banking index that slipped by 0.78%.
Market breadth was negative as decliners outnumbered advancers in the ratio of 32:10; market activities were mixed as volume traded was up by 25.31% to 217.13m from the previous day’s 175.17m units, while value fell by 15.61% to N1.8bn from Monday’s N2.09bn. Volume was driven by trades in financial services, ICT and conglomerates stocks such as FBN Holdings, Courtville, UBA, Transcorp, and Zenith Bank.
Redstar Express and LASACO were the best-performing stocks for the day after topping the advancers’ table with 9.81% and 9.69% gains respectively to close at N5.71 and N0.34 per share, on dividend payout. On the flip side, CAP and CCNN lost 10% each to close at N24.75 and N13.05 respectively on the selloff.

Market Outlook
We expect the market mood to likely change, as bargain hunters take advantage of the prolonged bearish trend and buy ahead of the half-year earnings reporting season and next week’s meeting of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC), as the NSE index had gradually formed a double bottom that supports reversal. Discerning investors should target value stocks considering the current low valuation to position for dividend income and capital gain, especially as the market’s Price to Earnings ratio is 7.4x, which is well below the 11.1x average of its peers and a five-year average of 13.2x. This revealed value and high upside potentials for a rally.
They may also take into consideration the expected economic reforms as government announces its much-awaited new cabinet, just as Central Bank of Nigeria (CBN) had rollout it plans to boost productivity and investment by instructing the banks to lend more to the private sector. This is aimed at reducing banks’ participation in government securities and lending more to the private sector to drive economic growth.
There is also the likely impact of portfolio repositioning for the second half of the year in the midst of expected Q2 numbers, especially banking stocks.

Take Action
The difference between you and others who are not aware of what I am sharing with you is ACTION. Take action that will transform your life throughout 2019 and beyond by getting the just concluded and life-transforming INVEST 2019 TRADERS & INVESTORS SUCCESS SUMMIT, CHART SUMMIT, and POST ELECTION BULLS & BEARS Home study pack (USB) that you can play on your phone, Laptop and Television set.
The events were a successful, insightful and educative outing that not only offered direction as to where investors should look for profitable trade in 2019 and beyond, insight into industries, sectors, and companies to seek worthwhile returns. What stocks should you buy? Grab the pack for the 10 Golden Stocks with the possibility of offering in 2019 multiples of what broader stocks do, coming out of this market correction environment.

Ambrose Omordion
CRO|Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467
https://investdata.com.ng/2019/07/reversal-ahead-as-investors-target-ngse-value-stocks-position-for-q2-score-cards/

Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 2:17pm On Jul 16, 2019

Reversal Imminent On NGSE, Despite Low Volume, Indecision, As Investors Position For Q2 Earnings

Market Update for the week ended July 12 and Outlook for July 15-19
The nation’s equity market had a mixed performance last week, extending its gloomy state after stock prices declined further to new lows. This forced the benchmark Nigerian Stock Exchange All-Share Index (NSEASI) to make sharp lower lows, closing below the 29,000 psychological line on a continued selloff in highly capitalized stocks that pull the market down. Not even the euphoria of the cross-border listing of 3.76bn ordinary shares of Airtel Africa by way of introduction at N363 each, after an initial public offering through book building.

The increasing uncertain outlook of the economy, especially as the security situation has gone worse in the midst of low liquidity and negative sentiments. This has been of serious concern to both international and domestic investors as revealed by the prevailing low volume of trades. The absence of a cabinet months after the general polls and inauguration of President Muhammadu Buhari for a second and final four-term is another sign that Nigerian leaders do not take the task of repositioning the nation’s economy towards greatness with the required seriousness or protecting the lives and properties of Nigerians. The unsafe business environment will continue to damper confidence and economic activities as the government fails to do needful. The bear run which has so far pushed the nation’s stock market to the ignominious club of the worst performing in the world today, further depicting the state of the economy. So far, the government has only mouthed the need to boost the stock market without doing the needful in real terms, even as the monetary authorities continue its plan to ensure lending to critical sectors capable of boosting jobs and GDP growth.

As earlier noted by Investdata Research, the month of July is a very dicey period that kicks off the second part of the year in the midst of the quarterly earnings reporting season for half-year results. Already, the benchmark NSE index has suffered huge losses so far, recording lows over the last 14 weeks. This week, the second quarter earnings will start flowing in, beginning with big consumer goods making companies.

The monetary authority realizes that the only way to drive economic prosperity is to boost national productivity, hence the recent rollout by the Central Bank of Nigeria (CBN) in times of policy initiatives to stimulate production and consumption needed to oil the wheel of macroeconomic activities. This is expected to impact the economy positively if all the frameworks are put in place and the government reduces its dominance of the debt market, and instead partner monetary to fix the economy quickly.

Movement Of NSEASI
The week started on a positive note, reversing the previous session’s loss, as the NSEASI recorded a marginal 0.07% gain on a resumed cautious trading. This was extended to Tuesday when the index inched up further by 0.10% on a buying interest in the newly listed Airtel Africa Plc. This trend was, however, short-lived at the midweek session as selloff hit the newly listed telecommunication company following the index lost 0.20%. The selling pressure continued on Thursday and Friday, with the index losing 1.9% and 0.51% respectively on massive selloffs in high cap stocks like Nestle Nigeria, MTNN, Dangote Cement and Airtel Africa, the four largest companies on the bourse by market capitalization. This dragged the week’s total loss to 2.41%, bigger when compared to the previous week’s 1.98% slide.

The increase in the losing momentum for the period pushed the year-to-date loss by the NSEASI to 9.11%. Market breadth was negative yet, as selling pressure increased due to the lack of economic direction, even as investors rebalanced their portfolios ahead of the second quarter earnings reporting season, especially for interim dividend-paying stocks.

Low and medium cap stocks were the week’s top gainers, dominating the advancers table after blue-chip remained under intense ‘sell’ pressure in the midst of a low traded volume and the prevailing low liquidity.
The impetus behind the week’s performance was weak, as shown by the money flow index at 17.00 basis points, compared to 15.24bps in the previous week. This indicates that funds are moving among some stocks, even as sentiments remain negative and mixed, with sell volume at 100% and buy position, 0% on a transaction volume index of 0.57.

NSEASI Weekly Time Frame
The negative sentiment for medium and highly capitalized stocks has increased the market’s losing momentum on low transaction volume that reveals accumulation and indecision among players in the midst of a weak money flow index. There were also poor liquidity and negative market breadth that supported the pullback and has formed double bottom signals a rebound any time soon. However, the expected reversal will be a function of the strength of expected half-year results.

Nonetheless, the low transaction volume in the market raises hope for a bull reversal in a bearish trend.
The current chart pattern on the NSE All-Share index supports reversal while trading below its 20-Day Moving Average on the lower Bollinger band, line, while RSI is reading ‘oversold’ at 35.61. But then, Money flow at 17.00 points remains weak.

Bearish Sectoral Indices
All the sectoral performance indexes for the period closed lower, except for the NSE Banking that notched 0.78% higher. The NSE Consumer Goods, however, led the decliners after losing 5.91%, in a week Flour Mills submitted weak numbers for its year-ended March 31, 2019. It was followed by the NSE Oil/Gas index with 3.13%, just as the insurance and industrial goods index closed 2.42% and 2.02% down respectively.
This reflected a selling sentiment, at a time market breadth was negative with decliners outnumbering advancers in the ratio of 39:18, to sustain the down market.

Market activities were mixed as volume was down by 3.88% to 988.49m shares, compared to 1.03bn units traded in the prior week, while value rose by 39.66% to N13.84bn from N9.91bn in the preceding week.
Sovereign Trust Insurance and Union Bank were the best-performing stocks for the period, topping the advancers’ chart with 9.52% and 9.49% gains respectively, to close at N0.23 and N7.50 per share on market forces and low price attractions. On the flip side, Forte Oil and GSK lost 23.33% and 18.33% respectively, closing at N20.70 and N8.30, on selloff and profit-taking.

Market Outlook
We expect bargain hunting and repositioning for half-year earnings reporting season to improve the market outlook this week. This will slow down the southward trend as inflation report for June is expected to hit the market, while discerning investors are taking advantage of low valuation to buy into interim dividend stocks.

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

Profit taking may persist in highly capitalized stocks due to portfolio restructuring. Hence, overall market performance to remain mixed amidst positive sentiments and negative breadth.
Market players should maintain a cautious outlook due to low confidence, liquidity and the wait for major economic triggers. Hence, we advise investors to trade cautiously in the short-term, with their gaze fixed on blue-chip stocks that are selling more than 40% below their 52 weeks high. As we look out for a positive catalyst to drive market recovery.

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

The sustained volatility will continue as investors and fund managers rebalance their portfolios, with eyes fixed on the political space and post-inauguration market dynamics. Investors should review their positions in line with their investment goals, the strength of company numbers and act as events unfold in the global and domestic environment.

However, we would like to reiterate our advice that investors should go for equities with intrinsic value and allow numbers guide their decisions while repositioning in any stock, especially now that stock prices remain low in the midst of mixed company numbers, weak economic and market fundamentals.

Take Action
The difference between you and others who are not aware of what I am sharing with you is ACTION. Take action that will transform your life throughout 2019 and beyond by getting the just concluded and life-transforming INVEST 2019 TRADERS & INVESTORS SUCCESS SUMMIT, CHART SUMMIT, and POST-ELECTION BULLS & BEARS Home study pack (USB) that you can play on your phone, Laptop and Television set. The events were a successful, insightful and educative outing that not only offered direction as to where investors should look for profitable trade in 2019 and beyond, insight into industries, sectors, and companies to seek worthwhile returns. What stocks should you buy? Grab the pack for the 10 Golden Stocks with the possibility of offering in 2019 multiples of what broader stocks do, coming out of this market correction environment.

Don’t sit on the Fence call or text Stock to 08028164085, 08032055467, 08111811223 now.

Ambrose Omordion
CRO|Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467

https://investdata.com.ng/2019/07/reversal-imminent-on-ngse-despite-low-volume-indecision-amidst-positioning-for-q2-earnings/#more

Investment › Re: Investdata Market Updates For Investors And Traders Forum by ACAN(op): 1:59pm On Jul 16, 2019

Mixed Trading Still On NGSE, As Uncertainties Over Q2 Earnings Unsettle Investors

Market Update for July 15
Trading activities on the Nigerian Stock Exchange on Monday was sloppy and volatile, consolidating its fourth consecutive day of negative outing as cautious trading and indecision continued ahead of the earnings reporting season that entered its mid-period for full kick off this week.

Transaction volume remained low as selloffs persisted, even as the seemingly positive inflation numbers came in better than expected for the month of June at 11.22%, from 11.40% in the previous month, released at noon on Monday by the National Bureau of Statistics (NBS). On a year-on-year basis, the Consumer Price Index represents the lowest rate in the last 12 months, indicating that key components of core inflation slowed down due to low consumption arising from low purchasing power. This will likely be supported the harvest season which kicks off this period expected to further push the inflation figure down around 11.05%, before a rebound when payment of the new minimum wage kicks off.

The prices of stocks fell, amidst mixed and relatively flat trading on Monday, as investors remained cautious as they await the onset of a highly uncertain earnings season.
Generally, earnings would expectedly be affected by the major market themes of the past several months – a slowdown in productivity, the lack of direction economic direction yet by government, arising from the absence of a federal cabinet to implement the 2019 budget at a time the seventh calendar month of the year 2019 is more than halfway gone. These factors would, without doubts have impacted earnings for the second quarter, possibly drag down revenue and profits.

At this current market situation, trading earnings announcement with gaze fixed on expected economic policies from the government is one way to profit from the market volatility.
However, it can be difficult, at times, getting all the required data needed to make smart trades, especially with the inconsistent release dates of some companies. As an investor or trader, it is expected that you take position before the results are released to the market, and should the numbers be positive and beat expectation, better for you. But note that in a bear market earnings influence on prices are minimal, compared to a bull situation. If the reports are below forecast sell-off immediately to cut loss and protect your capital.

Meanwhile, Monday’s trading opened slightly on the downside in the morning and oscillated in the mid-morning before pulling back between midday and afternoon, touching intraday low of 28,337.52 basis points from its high of 28,577.41bps, before retracing up marginally in the last minutes to close the session at 28,341.03bps on a low traded volume.

Market technicals were negative despite volume traded being higher than the previous day’s, amidst the negative breadth and sentiment as revealed by Investdata’s Daily Sentiment Report. The session’s ‘sell’ position was 99%, while ‘buy’ volume was just 1% of the total daily transaction volume index of 0.41.
The momentum behind the day’s performance remained seriously weak and flat, as Money Flow Index read 14.07 points, which was higher than the previous day’s 13.69bps, an indication that funds are moving around some stocks, amidst the continued selloff in high cap stocks on weak market fundamentals and low liquidity.

Index and Market Cap
The benchmark NSE All-Share index lost 228.76bps at the end of trading, closing at 28,341.03bps after opening at 28,566.79bps, representing a 0.79% decline. Market capitalization shed N110.02bn, closing at N13.81tr, from its opening value of N13.92tr, which also represented 0.79% value loss.
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The downturn was driven by selloffs and profit-taking in MTN Nigeria, Dangote Cement, Total Nigeria, Zenith Bank, Guaranty Trust Bank, FBN Holdings, UBA, Access Bank, Lafarge Africa, and Dangote Sugar. This heightened the negative position of the Year-to-Date loss, bringing it to 9.83%. YTD market capitalization gain stood at N2.09 trillion, or 17.84%, above the year’s opening level of N11.72tr.

Bearish Sector Indices
All the sectoral performance indexes were down, except for the NSE Consumer Goods that closed 0.16% green, while the banking index led the decliners, losing 1.56%, followed by industrial Goods’1.03% slide; while Oil/Gas and Insurance followed with 0.74% and 0.33% slip respectively.

Market breadth was negative as decliners outnumbered advancers in the ratio of 21:10; market activities were up in volume and value traded by 70% and 43% respectively at 175.17m shares worth N2.09bn, from the previous day’s 100.37m units valued at N1.46bn. Volume was driven by trades in financial services and conglomerates stocks such as Wapic Insurance, UBA, Guaranty Trust Bank. Lasaco and Transcorp.

Insurance stocks led both divides of the price movement table, with Cornerstone Insurance and AIICO Insurance closing as the best-performing stocks of the day after topping the advancers’ table with 10% and 7.69% gains respectively to close at N0.22 and N0.70 per share, on market forces. On the flip side, Consolidated Hallmark Insurance and Sovereign Trust Insurance lost 9.09% and 8.70% respectively, closing at N0.30 and N0.21, on profit-taking.

Market Outlook
We expect this trend to reverse very soon, as bargain hunters take advantage of the prolonged bearish trend and buy ahead of the half-year earnings reporting season and MPC meeting. Discerning investors should target value stocks considering the current low valuation to position for dividend income and capital gain, especially as the market’s Price to Earnings ratio is 7.4x, which is well below the 11.1x average of its peers and a five-year average of 13.2x. This revealed value and high upside potentials for a rally.

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

https://investdata.com.ng/2019/07/mixed-trading-still-on-ngse-as-uncertainties-over-q2-earnings-unsettle-investors/#more

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