₦airaland Forum

Huge NGSE Recovery Cuts YTD Loss To 1.34%, As MPC Opens First Meeting Of 2019

Market Update for the week ended January 18 and Outlook for January 21-25

The second full trading week of the year ended on the Nigerian Stock Exchange (NSE) on Friday, with the benchmark All-Share index closing higher, besides having a positive momentum to halt two previous weeks of bear-run. This was helped by renewed buying interest big cap stocks, ahead of the earnings season and regardless of political uncertainties ahead of the country’s February 16 Presidential election.

This is the first of its kind in 18 months, driven by aggressive bargain hunting for major blue-chips stocks led by Dangote Cement and Nestle, as Institutional investors with long term view of the market latch on their low valuations and high Dividend Yields to position for 2019 dividend declaration.

The macroeconomic data released so far this year have been positive and mixed. For instance, the Purchasing Managers’ Index (PMI) for the month of December stood at 61.1 point, revealing faster expansion in the manufacturing sector, a reflection increased patronage as part of year-end festivities. Consumer price index for December 2018 rose by 11.44%, up from 11.28% in the preceding month according the National Bureau of Statistics (NBS) reports released in the early in the week.

Since the market rebounded on a strong buying sentiment on January 10th, the NSE Index has seen a significant rally that breakout the first and second resistance levels of 30,576.90 basis points and 30,911.20bps respectively. This was on a high momentum, closing above two psychological lines of 30,000 and 31,000bps in just one week to almost erase the losses recorded in the first six trading sessions of the year. The recovery in the past week followed optimism seen through the market technicals for the period which was positive and strong amidst flat volume traded as revealed by Investdata’s weekly Sentiment Report, showing a buy volume of 100% and sell position of 0%. The volume index of total transactions within the week was 1.00.
Last week’s rally rekindled bullish sentiment back that resisted further decline as 2016 resistance level turned the new strong support level after testing 29,329.62 on January 9, well above the six-year lows attained late in January 2016.

The global markets over the past had a mixed performance as positive signal from trade talks between China and U.S as some tariff in agricultural produce were lifted, with presidents of both countries planning to meet in February. The U.S. Consumer Price Index (CPI) fell by 30bps in the month of December 2018 to 1.9% y/y from 2.2% y/y in the previous month. This was the lowest since July 2017, and it is below the 2% target set by the U.S. Federal Reserve (Fed). This is expected to reduce pressure in the emerging markets as Fed is likely to leave rate unchanged for first quarter of 2019. This will support rebound of stock markets and the economics of developing nations if this recovery in oil price is sustained and trade dispute resolved.

Back to the market, it was a bullish outing for the NSE ASI from Monday to Friday, gaining 0.45%, 0.58%, 1.07%, 0.40% and 1.38% respectively, bringing the week’s gains to 3.94%, enough to wipe off previous week’s 2.64% loss.
The positive sentiment for the seven sessions of bull transition was due to improved bargain hunting that formed a V shape.
The energy behind the week’s performance was weak, despite the bullish run ahead of next month’s general elections, as reflected in the money flow index of 34.36bps, as against 28.41bps in previous week. Notwithstanding the fact that some funds entered the market, liquidity level remained low.

Equity Indicators Last Week
The benchmark NSEASI for the period garnered 1,174.47bps to close at 31,005.17bps, which was the week’s high, after opening at 29,830.70bps, after attaining a low of 29,689.73bps on below average traded volume as demand for stocks increased within the period, representing a 3.94% growth. Similarly, market capitalization rose by N437.97bn during the week, closing at N11.56tr, up from N11.12tr, representing 3.94% value gain. The NSEASI’s year-to-date negative returns position reduced drastically to 1.34%, just as market capitalization dropped by N158.26bn, or 1.34% below the year’s opening value of N11.72tr.

Mixed Sectors Indices
The sectorial indices for the period were largely bullish; except for the NSE banking index that closed shed 1.00%. The NSE Industrial goods led the sectors with 12.7%, after value gains by cement making giants- Dangote Cement, Lafarge Africa and Cement Company of Northern. The NSE Insurance notched 5.5%, helped by NEM insurance, which last week announced the emergence of AFIG Funds as new core investors (READ); Custodian Investment, Royal Exchange and Sovereign Trust Insurance in a week it announced plans for a N2.085bn rights issue (READ MORE).
Market breadth during the week was positive, with advancers ’outnumbering decliners in the ratio of 100:77, to halt the previous week’s down market.

Market activity were down in volume and value by 0.59% and 5.10% respectively to 1.26bn shares worth N13.35bn, slightly lower than previous week’s 1.27bn units valued at N14.07bn in the previous week.
The best performing stocks for the period were NEM Insurance and Sovereign Trust Insurance that topped the advancers’ table with 43.4% and 30% gains respectively to close at N2.48 and N0.26 per on low price attraction and market forces. On the other hand, Resort Savings and Beta Glass lost 29.73% and 17.91% respectively, closing at N0.26 and N55.00 on market forces and profit taking.

Market Outlook
The bullish rally that created V shape pattern supports profit taking despite the positive sentiment and 100 buying pressure, which is a function of market forces in the new week as elections draw closer in the midst of rekindled buying interest on blue chip stocks, with strong earnings capacity that will support higher payout with companies like Infinity Microfinance Bank, Nestle, Nigerian Breweries, Africa Prudential and United Capital expected to be early filers. The prevailing cheap prices of stocks may trigger investor buying sentiments for short and long term gain...

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/2019/01/huge-ngse-recovery-cuts-ytd-loss-to-1-34-as-mpc-opens-first-meeting-of-2019/

Investdata Weekly Sentiment Report as at January 21st, 2019

NSEASI buy � volume index 1.00 MFI 34.36
Access buy 22% sell 78% Volume Index 1.01 MFI 32.50
Afrprud buy � MFI 52.80
Aglev buy � volume index 1.04 MFI 31.70
Aiico buy 33% sell 67% MFI 9.86
Air service buy 0% volume index 1.09 MFI 80.62
Berger buy 0% volume index 1.08 MFI 81.21
Betaglass buy 0% MFI 10.23
Caverton buy 0% MFI 47.58
CCNN buy � MFI 16.33
CIleasing buy � MFI 63.56
Custodian buy � MFI 13.49
Dangcem buy � MFI 56.56
Dangflour buy � MFI 49.64
Dangsugar buy 91% sell 9% MFI 46.55
Diamond buy 73% sell 27% volume index 4.74 MFI 66.34
Eterna buy 90% sell 10% volume index 0.77 MFI 63.05
ETI buy 83% sell 17% volume index 2.79 MFI 30.20
Fbnh buy 0% volume index 0.91 MFI 51.03
Fcmb buy 20% sell 80% MFI 59.05
Fidelity buy 36% sell 64% volume index 1.15 MFI 46.15
Fmn buy 30% sell 70% MFI 58.82
FO buy 80% sell 20% MFI 64.95
Glaxo buy 50% sell 50% volume index 0.95 MFI 24.50
GT buy 0% volume index 1.86 MFI 45.37
Honyflour buy 60% sell 40% MFI 32.26
Lasaco buy � MFI 42.88
Learn buy 0% volume index 1.62 MFI 69.20
Linkass buy 0% volume index 0.72 MFI 55.94
Lvstk buy 0% MFI 57.87
Mansard buy 40% sell 60% MFI 82.05
Mben buy 0% volume index 0.96 MFI 51.77
Mobil buy � MFI 46.77
Nahco buy 3% sell 97% volume index 0.98 MFI 25.06
Nascon buy 0% MFI 27.87
Neimeth buy 70% sell 30% volume index 2.39 MFI 30.47
Nem buy � MFI 83.89
Nestle buy � MFI 51.12
Nigerins buy � MFI 31.02
Oando buy 37% sell 63% volume index 0.79 MFI 42.79
Prestige buy 0% MFI 41.94
Pz buy 85% sell 15% volume index 3.47 MFI 26.98
Regalins buy � MFI 23.30
Royalex buy 83% sell 17% MFI 89.04
Sovereins buy � volume in 2.41 MFI 33.02
Stanbic buy 63% sell 37% MFI 37.83
Sterling buy 67% sell 33% MFI 65.82
Total buy 0% MFI 31.86
Transcorp buy 50% sell 50% MFI 67.45
Uacn buy � volume index 1.54 MFI 15.81
Uba buy 11% sell 89% MFI 31.73
Ubn buy � volume index 0.75 MFI 80.05
Ucap buy 36% sell 64% volume index 1.20 MFI 51.82
Unilever buy � volume index 1.00 MFI 47.90
Uniondac buy 50% sell 50% MFI 49.14
Unity buy � MFI 52.47
Upl buy � MFI 31.18
Veritas buy � volume index 1.06 MFI 20.09
Wapco buy 50% sell 50% volume index 1.19 MFI 10.45
Wapic buy 0% volume index 1.16 MFI 36.28
Wema buy 88% sell 12% MFI 62.02
Zenith buy 21% sell 79% volume index 0.95 MFI 64.67

https://investdataltd..com/2019/01/investdata-weekly-sentiment-report-as_22.html

PORT HARCOURT 2019

Investdata will be in Port Harcourt, Rivers State where we would reveal investment opportunities available for smart investors on the Nigerian Stock Exchange this year.

Venue: Emerald Hotel, 193, Aba Road Rumuola, Port Harcourt, Rivers State,
Date: Saturday 26, January 2019,
Time: 10.am.
Registration Begins at 9.am prompt
Admission is free!

Comprehensive Home study packs of INVEST 2019 TRADERS & INVESTORS SUMMIT held on December 8, 2018, containing the 10 golden stocks for 2019 will however be on sale for N20,000 each. The FIRST 20 persons to register at the venue will get 20% discount.

This seminar will cover the following:
* Review of 2018 market performance
* Outlook for 2019 and Post elections expectations
* Dividend & Bonus expectation in 2019
* Sector by Sector Analysis and projections

RE: INVEST 2019
The difference between you and others who are not aware of what I am sharing with you is ACTION...

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

https://investdataltd..com/2019/01/port-harcourt-2019.html?m=1

PORT HARCOURT 2019

Investdata will be in Port Harcourt, Rivers State where we would reveal investment opportunities available for smart investors on the Nigerian Stock Exchange this year.

Venue: Emerald Hotel, 193, Aba Road Rumuola, Port Harcourt, Rivers State,
Date: Saturday 26, January 2019,
Time: 10.am.
Registration Begins at 9.am prompt
Admission is free!

Comprehensive Home study packs of INVEST 2019 TRADERS & INVESTORS SUMMIT held on December 8, 2018, containing the 10 golden stocks for 2019 will however be on sale for N20,000 each. The FIRST 20 persons to register at the venue will get 20% discount.

This seminar will cover the following:
* Review of 2018 market performance
* Outlook for 2019 and Post elections expectations
* Dividend & Bonus expectation in 2019
* Sector by Sector Analysis and projections

RE: INVEST 2019
The difference between you and others who are not aware of what I am sharing with you is ACTION...

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

https://investdataltd..com/2019/01/port-harcourt-2019.html?m=1

PORT HARCOURT 2019

Investdata will be in Port Harcourt, Rivers State where we would reveal investment opportunities available for smart investors on the Nigerian Stock Exchange this year.

Venue: Emerald Hotel, 193, Aba Road Rumuola, Port Harcourt, Rivers State,
Date: Saturday 26, January 2019,
Time: 10.am.
Registration Begins at 9.am prompt
Admission is free!

Comprehensive Home study packs of INVEST 2019 TRADERS & INVESTORS SUMMIT held on December 8, 2018, containing the 10 golden stocks for 2019 will however be on sale for N20,000 each. The FIRST 20 persons to register at the venue will get 20% discount.

This seminar will cover the following:
* Review of 2018 market performance
* Outlook for 2019 and Post elections expectations
* Dividend & Bonus expectation in 2019
* Sector by Sector Analysis and projections

RE: INVEST 2019
The difference between you and others who are not aware of what I am sharing with you is ACTION...

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

https://investdataltd..com/2019/01/port-harcourt-2019.html?m=1

PORT HARCOURT 2019

Investdata will be in Port Harcourt, Rivers State where we would reveal investment opportunities available for smart investors on the Nigerian Stock Exchange this year.

Venue: Emerald Hotel, 193, Aba Road Rumuola, Port Harcourt, Rivers State,
Date: Saturday 26, January 2019,
Time: 10.am.
Registration Begins at 9.am prompt
Admission is free!

Comprehensive Home study packs of INVEST 2019 TRADERS & INVESTORS SUMMIT held on December 8, 2018, containing the 10 golden stocks for 2019 will however be on sale for N20,000 each. The FIRST 20 persons to register at the venue will get 20% discount.

This seminar will cover the following:
* Review of 2018 market performance
* Outlook for 2019 and Post elections expectations
* Dividend & Bonus expectation in 2019
* Sector by Sector Analysis and projections

RE: INVEST 2019
The difference between you and others who are not aware of what I am sharing with you is ACTION...

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

https://investdataltd..com/2019/01/port-harcourt-2019.html?m=1

Investdata Daily Sentiment Report as at January 10th, 2019

NSEASI buy 0% volume index 0.72 MFI 31.29
Access buy 14% sell 86% MFI 15.60
Aiico buy 0% MFI 46.69
Cadbury buy � volume index 1.71
MFI 24.31
Cutix buy � volume index 3.11 MFI 80.92
Dangcem buy 0% MFI 66.76
Dangflour buy 33% sell 67% volume index 0.76 MFI 26.83
Dangsugar buy � volume index 1.73 MFI 34.17
Diamond buy 25% sell 75% volume index 1.56 MFI 67.76
Eterna buy 0% volume index 2.24 MFI 27.17
Fbnh buy 0% volume index 0.96 MFI 42.93
Fcmb buy � MFI 52.12
Fidelity buy 90% sell 10% volume index 0.84 MFI 67.01
Fmn buy � volume index 1.07 MFI 44.72
GT buy 40% sell 60% volume index 2.21 MFI 36.12
Hony flour buy 38% sell 62% volume index 1.64 MFI 48.38
Jaiz buy 40% sell 60% volume index 2.83 MFI 61.90
Lasaco buy � volume index 2.44 MFI 26.61
Mansard buy � volume index 1.33 MFI 36.21
Mobil buy � volume index 0.96 MFI 68.10
Nem buy 0% MFI 64.11
Oando buy 33% sell 67% MFI 58.32
Transcorp buy � volume index 1.42 MFI 51.23
Uacn buy � volume index 2.71 MFI 26.28
Uba buy 75% sell 25% MFI 52.43
Ucap buy 86% sell 14% volume index 1.26 MFI 42.71
Veritas buy 0% volume index 1.13 MFI 85.26
Wema buy 0% MFI 3.41
Zenith buy � volume index 1.07 MFI 26.20

42 Banned Items: Restriction Of FX Access To Continue- CBN

The Central Bank of Nigeria (CBN), on Tuesday, January 8, 2019, said there are no plans to shift grounds on allowing importers of 42 bared items from access to the official foreign exchange window any time soon.
A statement by the Director of CBN’s Corporate Communications Department, Isaac Okorafor, assured that the policy would continue, particularly given that it has so far greatly boosted local production of the various items on the list.

Already, he disclosed that the Economic Intelligence Unit of the CBN was working closely with relevant government agencies to checkmate any attempt to circumvent the policy.
The statement also announced the continuation of the apex bank’s intervention in the inter-bank sector of the Foreign Exchange market by injecting another $210m.
While $100m was injected into the wholesale segment of the market, the sum of $55m each went into the Small and Medium Enterprises (SMEs) and invisibles sectors.

He reiterated that the CBN was unrelenting in its resolve to sustain liquidity in the forex market as well as maintain stability there, stressing that the continued intervention was aimed at helping it meet requests of genuine customers in the various windows of the market.
Meanwhile, the United States Dollar at the rate of US$1 for N358 in the Bureau De Change (BDC) segment of the market on Tuesday, January 8, 2019.

https://investdata.com.ng/2019/01/42-bared-items-restriction-of-fx-access-to-continue-cbn/

Investdata Daily Sentiment Report as at January 9th, 2018

NSE itASI buy 7% sell 93% MFI 31.35
Access buy 80% sell 20% MFI 20.99
Custodian buy � volume index 2.53 MFI 84.25
Dangflour buy 50% sell 50% volume index 0.97 MFI 30.89
Diamond buy 29% sell 71% MFI 76.04
Fbnh buy 11% sell 89% volume index 1.24 MFI 43.94
Fcmb buy � MFI 51.87
Fidelity buy 47% sell 53% volume index 1.39 MFI 61.66
Fmn buy 0% volume index 0.71 MFI 42.85
FO buy 0% volume index 1.70 MFI 39.39
GT buy 0% volume index 1.57 MFI 38.91
Hony flour buy � volume index 0.79 MFI 49.52
Jaiz buy 0% volume index 2.03 MFI 57.60
JBerger buy 0% volume index 2.30 MFI 67.74
Nem buy � MFI 64.19
Oando buy 25% sell 75% volume index 1.00 MFI 51.87
Okomu buy � volume index 9.51 MFI 86.38
Transcorp buy 83% sell 17% volume index 2.52 MFI 52.00
Uacn buy 33% sell 67% volume index 2.34 MFI 11.71
Uba buy 43% sell 57% MFI 54.92
Ucap buy 0% volume index 2.14 MFI 38.44
Wapco buy 50% sell 50% MFI 3.21
Wapic buy 0% volume index 5.16 MFI 56.74
Wema buy 0% MFI 3.41
Zenith buy 11% sell 89% volume index 1.38 MFI 27.31

https://investdataltd..com/2019/01/investdata-daily-sentiment-report-as-at_9.html

Investdata Daily Sentiment Report as at January 9th, 2018

NSEASI buy 7% sell 93% MFI 31.35
Access buy 80% sell 20% MFI 20.99
Custodian buy � volume index 2.53 MFI 84.25
Dangflour buy 50% sell 50% volume index 0.97 MFI 30.89
Diamond buy 29% sell 71% MFI 76.04
Fbnh buy 11% sell 89% volume index 1.24 MFI 43.94
Fcmb buy � MFI 51.87
Fidelity buy 47% sell 53% volume index 1.39 MFI 61.66
Fmn buy 0% volume index 0.71 MFI 42.85
FO buy 0% volume index 1.70 MFI 39.39
GT buy 0% volume index 1.57 MFI 38.91
Hony flour buy � volume index 0.79 MFI 49.52
Jaiz buy 0% volume index 2.03 MFI 57.60
JBerger buy 0% volume index 2.30 MFI 67.74
Nem buy � MFI 64.19
Oando buy 25% sell 75% volume index 1.00 MFI 51.87
Okomu buy � volume index 9.51 MFI 86.38
Transcorp buy 83% sell 17% volume index 2.52 MFI 52.00
Uacn buy 33% sell 67% volume index 2.34 MFI 11.71
Uba buy 43% sell 57% MFI 54.92
Ucap buy 0% volume index 2.14 MFI 38.44
Wapco buy 50% sell 50% MFI 3.21
Wapic buy 0% volume index 5.16 MFI 56.74
Wema buy 0% MFI 3.41
Zenith buy 11% sell 89% volume index 1.38 MFI 27.31

https://investdataltd..com/2019/01/investdata-daily-sentiment-report-as-at_9.html

Investdata Daily Sentiment Report as at January 8th, 2019


NSEASI buy 31% sell 69% MFI 36.25
Access buy 63% sell 37% MFI 24.65
Aiico buy � MFI 45.80
Custodian buy 0% volume index 1.04 MFI 93.88
Dangflour buy � volume index 1.30 MFI 45.54
Dangsugar buy 0% volume index 1.55 MFI 39.65
Diamond buy � volume index 2.13 MFI 78.16
Eti buy 0% volume index 0.90 MFI 27.19
Fbnh buy � MFI 55.45
Fcmb buy 0% MFI 72.11
Fidelity buy 0% MFI 64.02
Fmn buy 0% volume index 0.76 MFI 43.98
GT buy 62% sell 38% volume index 0.74 MFI 46.14
Hony flour buy � volume index 1.12 MFI 47.39
Jaiz buy � volume index 1.90 MFI 55.79
Nestle buy � volume index 5.14 MFI 35.40
Oando buy 50% sell 50% MFI 55.13
Regalins buy � MFI 52.83
Sovereins buy � volume index 3.06 MFI 63.02
Stanbic buy � volume index 0.81 MFI 72.41
Total buy 0% volume index 7.72 MFI 6.41
Transcorp buy � MFI 57.63
Uacp buy � volume index 2.28 MFI 76.02
Uacn buy 0% volume index 3.47 MFI 16.99
Uba buy 50% sell 50% MFI 79.78
Ucap buy 37% sell 63% volume index 1.51 MFI 44.72
Unilever buy 9% sell 91% volume index 1.54 MFI 0.00
Uniondac buy 0% MFI 0.74
Vitafoam buy � volume index 7.99 MFI 60.79
Wapco buy � volume index 0.70 MFI 1.28
Wema buy 0% MFI 3.41
Zenith buy 0% MFI 28.53

https://investdataltd..com/2019/01/investdata-daily-sentiment-report-as-at_8.html?m=1

Sustained Down Market Offers Entry Opportunities For Bargain Hunting On NGSE

Market Update for January 7
Monday’s session was another very tough and volatile one on the Nigerian Stock Exchange (NSE), leading to the fourth consecutive days of free fall in equity prices, as selloff was evident in almost all sectors, especially against the gathering clouds in the political environment and anxiety over Nigeria’s all-important Presidential election holding next month.

The NSE’s benchmark All-Share index closed lower on a relative low volume, after inching up at the opening session, but dropped sharply by the mid-morning till afternoon, breaking down the last strong support level of 30,542.86 basis points. It made new 52-week lower lows after touching intraday low of 30,260.03bps from the highs of 30,709.65bps, thereby extending the corrective wave six, before retracing up in the last few minutes to close the first trading day of the week at 30,400.28bps.

The market is likely to hit ANOTER new support level of 28,855.02bps before the elections proper. In the process, it would create more buying opportunities for discerning investors to take advantage of the prevailing situation and position for dividend and capital appreciation ahead of the forthcoming earnings reporting season.

The NSE in the last four trading sessions has ignored the rebounding oil price at the international market as it closed Monday at $58.37 per barrel (still below the Federal Government’s $60pb benchmark used for the 2019 budget), besides other seemingly positive macro-economic indices recently released.
Monday’s market technicals were negative and mixed as traded volume was lower than previous day’s in the midst of negative breadth and sentiment, as revealed by Investdata’s Daily Sentiment Report, showing a sell volume of 69% and 31% buy position. Volume index for the day’s total transactions was 0.66, while momentum behind the market’s performance was marginally down, as reflected in the 36.25bps money flow index, from previous day’s 36.93bps, despite the down market and low traded volume which indicates that funds are leaving some stocks for others.

Index and Market Cap
The NSE All Share Index at the end Monday’s session lost 238.62bps to close at 30,400.28bps, from 30,658.90bps, representing 0.78% decline, just as market capitalization shed N88.93bn, closing at N11.34tr, from the opening value of N11.43tr, representing a 0.78% value loss.

Attention: Join Investdata buy and sell signal setup to get all our in-depths analysis on the picture and to get access to our carefully created watch list. To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. The number of stocks on our watchlist has increased due to the prolonged market correction. Take advantage of this service to buy right and sell right.
The downturn was due to profit taking and selloffs in stocks like Nestle, Okomu Oil Zenith Bank, FBN Holding, Flour Mills, Dangote Sugar, FCMB, Access Bank and UACN, among others, which left Year-to-Date loss at 3.28%, while market capitalization decline increased to N384.18bn, from its opening level of N11.72tr, representing a 3.28% decline.

Bearish Sectors Indices
All sectoral indices on Monday were mostly bearish. Market breadth remained negative, with decliners outnumbering advancers in the ratio of 34:14, just as market activities were mixed with volume down by 33.42% to 222.58m shares from the previous day position 334.32m units. Value however rose 88.73% to N3.34bn from Friday’s N1.77bn, as transaction was driven by financial services stocks: Diamond Bank, Zenith Bank, FBNH, Guaranty Trust Bank and Access Bank.

Diamond Bank and Wapic Insurance were the best performing stocks, as they topped the advancers table, chalking 10% apiece and closing at N1.98 and N0.44 each, on market forces. On the flipside, NEM Insurance and Resort Savings Loan Plc led the decliners’ table also with 10% each to close at N2.34 and N0.45 each, on market forces and trend.

Market Outlook
Technical tools remain negative with MACD, forming a double top on a daily time frame, while crossing down supports in the ongoing trendy and volatility amidst repositioning for 2018 full year earnings season to shape market performance ahead of December inflation data. There are also factors such as the Monetary Policy Committee (MPC) meeting holding this month, February’s Presidential election, earnings season beginning from February also and then the May 29 handover date. We advise cautious trading and investing in the days ahead.

The ongoing volatility will persist as Q3 numbers assist investors and fund managers rebalance their portfolios, while watching the political space and ahead of full year company earnings position and post-election market dynamics. These are likely to drive prices north, or south, while determining market direction before or after the Presidential Election.
Investors should review their positions in line with their investment goals, strength of the 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,
We advise investors to 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.

RE: INVEST 2019
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 Home study pack (USB) that you can play on your phone, Laptop and Television set.
The event, which held on Saturday, December 8, 2018, was yet another successful, insightful and educative outing that not only offered direction as to where investors should look for a profitable 2019, but industries, sectors and companies to seek worthwhile returns. What stocks should you buy? Grab the pack for the 10 Golden Stocks with 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, and 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/2019/01/sustained-down-market-offers-entry-opportunities-for-bargain-hunting-on-ngse/

Zenith Bank Unveils Account Blocking Code *966*911#

Poised to ensure its customers are protected and operate their accounts in a safe and secure environment, Zenith Bank has scored yet another first with the introduction of Account Blocking code *966*911#.

A statement by the bank at the weekend said customers who suspect their accounts have been compromised, or who lost/misplaced their debit (ATM) cards can dial the Block Account Code *966*911# on the phone numbers registered with the account to secure their funds.

This has become necessary as the bank plays deeper into the retail end of the banking industry, using its topnotch technology and array of innovative products as it works to deepen financial inclusion in conjunction with regulators of the nation’s financial system regulators.

Other codes as part of the Eazy Way banking offered by Zenith Bank include the *966# to ease account opening process by potential customers; while checking account balance has never been easier than dialing *966*00#.

Customers who desire to reset their Personal Identification Number (PIN), or Password, the bank continued, can do so from the comfort of their homes with *966*60#.
To update Bank Verification Number (BVN), the statement said customers can dial *966*BVN#; and dial *966*Amount*MobileNo.# to buy airtime.
By dialing *966*Amount*AccountNo.# for funds transfers.

https://investdata.com.ng/2019/01/zenith-bank-unveils-account-blocking-code-966911/

Who We Are

Welcome to those who are just joining us. This is InvestData Consulting Limited which specializes in Financial Services.

We are very renowned for excellent guidance regarding the stock market and capital markets. Our team of experts will be sharing not only financial services but general update regarding the financial market. Also, this forum will give you useful tips that will affects your finances positively.

1.   Free tips on investing productively.

2. General emotionally and psychologically tips that affects our lives.

3. Make extra and passive income. This is not the common get rich quick schemes.

4. Forecast of how market will turn out.

5. Weekly tips and advice.

6. Buying and selling signal. That is what stock to buy.

Dedicated to your financial success.
Ambrose Omordion
CRO InvestData Consulting
08028164085,08032055467
www.investdataonline.com


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A simple rule to govern the forum. Please be aware that jokes, quizzes, puzzles, proverbs, gossips, entertainment, news,nudity, advertising, religious and political posts are prohibited on this forum. Only posts related to finance and investment are permitted here. Anyone who violate this rule will be suspended from this forum for two weeks and will be readmitted after two weeks that if you want. Admin

https://investdataltd..com/2019/01/who-we-are.html?m=1

Investors Eye Blue-chips, Strong Earnings Capacity, Better Payout Ahead Of 2018 Financials

Market Update for the week ended January 4 and Outlook for January 7-11
Nigeria’s stock market had a bearish trend the past week, kicking off trading for the new year on a negative sentiment, as selling pressure persisted after the New Year holiday, reversing the positive performance of similar period in 2018. The decline was however on a lower transaction volume that reflected the dwindling investor confidence ahead of the general elections that commences next month with the battle for the Presidency.

The thickening political atmosphere, though expected, has beclouded the seeming positive economic indices such as the Purchasing Managers Index that climbed to 61.1 points in December, from 57.9 points recorded in the preceding month; as well as the rebound in oil price on weak dollar and the proposed supply cut by the Organisation of Petroleum Exporting Countries (OPEC). Add this to the marginal rise seen in Nigeria’s external reserve, which closed 2018 positive, even after sliding by about $4bn from its year peak level attained on May 10, 2018, according to data on the website of the Central Bank of Nigeria (CBN) last week (READ).

The free fall of equity prices in the first few days of 2019 is however beyond profit booking and can be linked to panic selling amidst fear over the coming elections, which have triggered the current low investor sentiment in the market. Investors have seemingly disregarded the potential opportunities in many stocks that continue to hit their 52-week low.

The situation is worsened by the fact that the major political parties continue to focus their campaigns on personal attacks, amidst allegations of intention to rig the election, while saying little or nothing about how they will solve the real issues of economic deterioration. Chief among these are: the increasing unemployment/underemployment, low productivity/how to make the nation less import-dependent lingering poverty, low human capital development drive (Education), infrastructural gap, the comatose healthcare challenges and insecurity.

The weak economic fundamentals arising from the cut in 2019 budget, high debt servicing cost of over N2.21tr and the reality surrounding the oil price benchmark of $60, exchange rate at N309, estimated oil production of 2.2million bpd with OPEC proposing a supply cut to 1.63million from Nigerian and how to make inflation rate single digit.

Back to the market, it was positive start for the week with the index recording a gain of 1.27% on Monday after which it nosedive till the last trading day of the week on a strong selloff in highly capitalized and blue chip stocks to close on a negative note of 1.28% decline to halt thetwo previous week of bull run.
The high selling pressure in the week under review was driven by profit taking, proximity of 2019 elections and anticipated weak economic activities going into the New Year as selloffs continued as market players reposition their portfolios for post-election rally and 2018 full year earnings season. Market technicals, for the period was negative and weak as volume traded was low as revealed by Investdata’s weekly Sentiment Report, showing a sell position of 93% and buy volume of7%. The volume index of total transactions within the week was 1.29.

The energy behind the week’s performance was weak to show the selling sentiment and increase number of stocks that decline as reflected on the money flow index at 29.47bps, from 36.00bps in previous week, an indication that funds left some stocks in the midst of low-volume of transaction and low liquidity.

Equity Indicators Last Week
The NSE All Share Index for the period lost 398.82 basis points to close at 30,638.90 basis points, after opening at 31,037.72bps, hitting a high of 31,434.4bps, from low of 30,577.18bps on low volume resulting from cautious trading, represented 1.28% decline. Similarly, market capitalization was down by N88.4bn, closing at N11.38tr, from N11.57tr, representing 0.78% value loss which was saved by the supplementary listing of CCNN, following the conclusion of its merger with sister- Kalambaina Cement, which consequently ranked the 12th most capitalized stock on the exchange.

NSE INDEX WEEKLY TIME FRAME
The NSE ASI is at the point of reversal or breakdown of the yellow line which is the last strong support level at 30,576.90 basis points that was retested, and any breakdown of this level depending on market forces will lead to 28,882.42bps that is below 29,000 psychological line and bring the market position to August 2016.

At the end of the week, low cap stocks dominated the advancers’ table for the period as profit booking and selloff hits low, medium and high capital stocks that appreciated in value due to Santa Claus and year-end rally.
Meanwhile, the NSEASI’s year-to-date negative returns stood at 2.52%, just as market capitalization dropped to N88.4bn, or 0.78% below the year’s opening value.

Bearish Sectors Indices
The sectorial performance for the period was largely bearish, except for the NSE Oil/Gas index that closed higher. Market breadth was negative, with decliners ’outnumbering advancers in the ratio of 45:22, to short-lived the previous weeks of bull market.
Market activity in terms of volume and value were down by 47.36% and 41.36%% respectively to 1.65bn shares worth N8.41bn, compared to previous week’s 3.13bn units valued at N14.35bn, boosted by trading in financial service, healthcare and services sectors.

The best performing stock for the week were Custodian Investment Plc and Julius Berger that topped the advancers’ table with 16.19% and 15.69% gains respectively to close at N6.10 and N23.25 per on low price attraction and expectation of better full year earnings report. On the other hand, FCMB and GSK lost 16.49% and 15.86% respectively, closing at N1.62 and N12.20 on market forces and profit taking.

Market Outlook
We expect the overall market sentiment to remain mixed with rekindled buying interest on blue chip stocks that had suffered huge losses before now, with strong earnings capacity that will support higher payout with the banks already releasing the closed period and fixing dates for board meeting to approve 2018 financial year results. The prevailing cheap prices of stocks may trigger investor buying sentiments for short and long term gain.

However, we expect speculative trading on some stocks with strong potential upside to shape the breadth of market performance this week, while watching the political space, since economic activities in Q4 have given insights into what the expected full year GDP and corporate earnings will be.
With the political campaign ongoing, Nigerians are expecting new strategies and roadmap to address the economy, especially the rising poverty level, human capital development, decayed infrastructure and education with timeframes for delivery. These campaigns are likely to drive prices north, or south, while determining market direction before or after the Presidential election.

Investors should review their positions in line with their investment goals, strength of the company numbers and act as events unfold in the global and domestic environment.However, we would like to reiterate that investors should go for equities with intrinsic value. We advise investors to allow numbers guide their decisions while repositioning in any stock, especially now that stock prices remain volatile amidst mixed company, economic and market fundamentals

RE: INVEST 2019
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 Home study pack (USB) that you can play on your phone, Laptop and Television set. The event, which held on Saturday, December 8, 2018, was yet another successful, insightful and educative outing that not only offered direction as to where investors should look for a profitable 2019, but industries, sectors and companies to seek worthwhile returns.

What stocks should you buy? Grab the pack for the 10 Golden Stocks with 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/2019/01/investors-eye-blue-chips-strong-earnings-capacity-better-payout-ahead-of-2018-financials/

Investdata Weekly Sentiment Report as at January 7th, 2019

NSEASI buy 7% sell 93% volume index 1.29 MFI 29.25
Access buy 0% volume index 0.90 MFI 27.97
Afrprud buy � MFI 49.57
Aiico buy 17% sell 83% volume index 6.58 MFI 13.98
Air service buy � volume index 1.87 MFI 91.25
Betaglas buy 0% MFI 14.36
Cadbury buy 0% volume index 1.70 MFI 41.39
Cap buy 0% volume index 3.67 MFI 60.12
Caverton buy 0% volume index 1.01 MFI 54.31
Ccnn buy 32% sell 68% MFI 10.75
Custodian buy � volume index 0.92 MFI 41.30
Cutix buy � MFI 30.51
Dangcem buy 45% sell 55% MFI 53.79
Dangflour buy 0% MFI 54.63
Dangsugar buy 7% sell 93% MFI 55.08
Diamond buy 0% volume index 5.73 MFI 66.11
Eterna buy 0% MFI 64.89
ETI buy 0% volume index 0.70 MFI 14.14
Fbnh buy 15% sell 85% MFI 57.57
Fcmb buy 0% MFI 50.54
Fidelity buy 13% sell 87% volume index 1.49 MFI 54.59
Fmn buy 32% sell 68% volume index 1.70 MFI 68.53
FO buy 77% sell 23% volume index 1.80 MFI 69.72
Glaxo buy 0% volume index 1.38 MFI 64.83
GT buy 47% sell 53% MFI 63.76
Hony flour buy 33% sell 67% MFI 25.47
Jaiz buy 75% sell 25% volume index 0.97 MFI 39.64
Japaul buy 0% MFI 19.07
JBerger buy � volume index 1.34 MFI 51.07
Lawunion buy 0% MFI 34.20
Lvstk buy � MFI 52.79
Mobil buy 0% MFI 46.75
Nahco buy 0% volume index 2.33 MFI 30.46
Neimeth buy 0% volume index 0.87 MFI 45.12
Nem buy 23% sell 77% volume index 2.75
Nestle buy 0% MFI 58.15
Oando buy 0% MFI 41.65
Okomu buy � MFI 49.31
PZ buy � volume index 1.05 MFI 38.80
Regalins buy 0% MFI 20.78
Royalex buy 0% volume index 0.74 MFI 37.04
Seplat buy � MFI 23.51
Sovereins buy 50% sell 50% volume index 4.12 MFI 15.84
Stanbic buy 26% sell 74% MFI 39.91
Sterling buy � MFI 60.84
Transcorp buy 6% volume index 1.02 MFI 57.03
Uacp buy 0% volume index 0.75 MFI 27.42
Uacn buy 17% sell 83% MFI 17.75
Uba buy 86% sell 14% MFI 32.08
Ubn buy 94% sell 6% volume index 2.44 MFI 66.00
Ucap buy 58% sell 42% MFI 57.81
Unilever buy 0% MFI 51.67
Uniondac buy � volume index 11.39 MFI 48.79
Unity buy 12% sell 88% volume index 0.90 MFI 58.89
Vitafoam buy 17% sell 83% volume index 3.96 MFI 85.33
Wapco buy 0% volume index 0.70 MFI 9.57
Wapic buy 0% MFI 35.00
Wema buy 12% sell 88% MFI 46.07
Zenith buy 22% sell 78% volume index 0.73 MFI 67.53

https://investdataltd..com/2019/01/investdata-weekly-sentiment-report-as.html?m=1

2018 Recap, 2019 Outlook: Taking Advantage Of Low Prices, Opportunities, Uncertainties

It was a rough year for Nigeria’s Stock market in 2018 as many investors were left to leak their wounds, cutting short the unprecedented performance of the benchmark All-Share index in 2017, which continued until January 17, 2018. The decline arose from multiple headwinds ranging from continued rate hike in developed economics that trigged capital outflow from emerging markets like Nigeria, owing to mixed macroeconomic indices from the dwindling economic activities.

We cannot however rule out the risk associated with the 2019 general elections as Nigeria’s political environment which is weighing on stock prices, many of which hit 52-week low despite the resistance in December, the third green month in the year under review.

The last month of 2018 was impacted by the historic seasonal Santa Claus and year-end rally which had closed positively for the first time in the decade between 2009 and 2018.
We expect that most of those headwinds would not linger in 2019. Instead, they will be replaced by a few tailwinds that will be discussed in the New Year outlook.

However, it’s obvious that during the pre-election year lack of concrete economic policies to give direction and coordination of economic recovery growth plan of the government was also a major factor that affected domestic and international investors confidence as economic activities declined in the first two quarter of 2018, when the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) could not meet in Q1 due to the lack of requisite quorum. Recall that the National Assembly did not confirm the President’s nominees, following the after some members had served out their term.

Add this to the fact that the CBN retained its benchmark Monetary Policy Rate (MPR) at 14% all through the year, a situation that was made worse by the delayed passage of the 2018 budget and its implementation.
The composite NSE ASI in 2018 shed all of 6,812.69 basis points to close at 31,430.50bps from its 38,243.19bps opening figure, representing a 17.81% decline, after hitting a high of 45,321.82bps and low of 30,506.79bps within the year.

Trading for the year 2018 started on a positive note in January, which was characterized by strong buying pressure and positive sentiments that overflowed from 2017, when share prices (especially blue chips), volume and value recorded new highs, as virtually all the indices rallied.

There was however a reversal of this trend in the following month with a pullback that lasted for all of 10 months, touching a low of 30,506.79bps in December, before retracing up to experience mixed performance to extend the periods of bear market (most notably from February to November).

These trying conditions made the early second half of the year quite uninteresting for many traders, especially with the end of the year rally to halt the bearish trend and close the month of December green. The Santa Clause rally effect was visible in the exchange in the final trading sessions of the year.

NSE MONTHLY INDEX MOVEMENT FOR 2018
The bearish ascendance and falling equity prices were in line as the NSE ranked among the worst five performing exchanges in the world, as players record huge losses during the year. The change in market sentiments offered insights into the 2018 decline, which supported the mild and mixed quarterly earnings reports and weak macroeconomic indices. It therefore discouraged more investors and traders from the market as reflected in the yearly Investdata sentiment report showing sell volume of 94% and 6% buy position, as against the 2017 buy sentiment of 91% and sell volume of 9%.

The market’s downtrend lasted for nine months after the first month of the year and had an upside and decline in February till May before closing up in June.
The other leg of the market which is the primary market had low activity, compared with the previous years as Rights Issues, Initial Public Offerings were few due to uncertainties and low investor confidence in the market.

The market’s sectoral indices performance were bearish, with all 11 indexes closing the year in red, led by the manufacturing indexes like the NSE Industrial and Consumers Goods declining by 37.40% and 23.28% respectively to topped the chart.


Following the NSE Industrial and Consumer Goods indexes reflected the dwindling economic activities, weak purchasing power and low consumer confidence, just when the labour market remained weak with unemployment rate at 60% and poor wages resulting from high inflation rate. Corporate earnings from these sectors were below market expectation within the period under consideration.

Others followed as revealed by the chart above.
Available data shows that market liquidity was low due to continued exit of foreign and institutional players. This also revealed how very dependent Nigeria’s stock market and economy has remained on foreign funds which tends to dictate economic prosperity and wealth creation by their movement in and out of the market at any time. Knowing the danger of foreign investor dominance in any stock market, local investors and traders should plan their trades for 2019 in case they return before or after the elections in the New Year.

2018 Return Performance
Listed below are the best performance stocks in terms of price appreciation despite the downtrend experienced in the 2018.
A total of 25 stocks closed green, with 16 of them growing their share prices by over 20%, compared to 65 equities that advanced in value, 12 of which recorded triple-digit price appreciation in 2017. Also, nine stocks recorded between 1.30% and 15.76% capital growth for the same period. The top five best performing stocks were: Cement Company of Northern Nigeria’s 104.21%; Unity Bank had 101.89%; while Sterling Bank, NEM Insurance and Learn Africa recorded capital growth of 75.93%, 62.65% and 54.55% respectively.

A further breakdown showed that the Industrial Goods and banking stocks dominated the best performance table for the year 2018, a situation that may likely continue in the New Year with other stocks that had suffered losses within the period, rebounding on low attraction ahead of the 2018 full year earnings season in Q1 2019 and outcome of the February Presidential elections, despite weak economic fundamentals.


On the flip side, more than 69 stocks were on the year’s worst performing table, dominated by Insurance stocks as the new pricing rule of the exchange was implemented and also unimpressive numbers from these companies further depressed their share price to become kobo stocks. Others were due to mixed earnings, negative sentiments and general bearish trend in the market as a result of earlier factors mentioned above.

The top five worst performing stocks for the year were: Lafarge Africa, which lost 72.27% of its opening price for the year; AG Leventis, 61.43%; while Universal Insurance, Sumu Assurance and FTN Cocoa were down by 60% each. See the table below.


What to expect in the New Year
The pre-election year left most equities on the Nigerian Stock Exchange (NSE) grossly undervalued owing to the free fall prices strength of negative sentiment, weak economic fundamentals and mixed scorecards from listed companies, even as data by the National Bureau of Statistics (NBS) showed that Nigeria’s economy had decline in two consecutive quarters before the recent Q3 GDP data revealed growth. The Q4 data may likely look up due to the festive season and end of year activities, amidst the electoral season spending.

We expect that the Central Bank of Nigeria (CBN) in the New Year would review its monetary policy stance as part of stabilizing price, while checking inflation even at the detriment of economic activities and export drive.
The return of foreign portfolio investors this year depends on the outcome of election and whether the present government is returned, or a new one successful installed come May 29, 2019.

Nigeria’s external reserves is already threatened by the production cut put in place by the Organisation of Petroleum Exporting Countries (OPEC) in December, amidst the decline in oil prices at about $52 per barrel, which is way below the Federal Government’s 2019 budget benchmark of $60pb. The is also the issue of a cut in the government’s spending plan, which has given insight into what will happen, as government revenue may suffer setback, besides the worrisome implementation style of the yearly budget which has not helped matter before now. The sad thing is that under the present government, the situation would likely persist unfortunately at a time the nation is in dare need of more jobs for its army of unemployed and underemployed populace.

In the New Year, investors should keep their gaze on blue chip stocks in the banking, services, conglomerates, industrial goods, energy and consumer goods sectors, most of which suffered huge losses, despite recording earnings uptrend in the previous financial year-end and are still having strong earnings power enough to further drive their prices in 2019.
The bearish trend may likely continue this year, but the 2018 full year earnings reporting season would drive valuation and prices within a short period and calls for proper timing to know to when to take position and when to exit, in order to protect capital.

The global economic outlook for 2019 remains unpredictable as factors militating the economy are many, ranging from politics, falling commodities prices, trade war tension, Brexit and others likely to shape the world as policy changes continue across U.S, Europe and the Middle East.
Investors should plan their trading and investing in the New Year by sticking to instructions and rules while taking advantage of low prices and navigating between opportunities and uncertainties in 2019. These, as well as “10 Golden Stocks to buy in the New Year” were copiously discussed. Investors and traders can however access them in the home study pack of INVEST 2019 TRADERS &INVESTORS SUMMIT (live class) you can play on your phone and laptop.

This is the time to effectively combine fundamentals and technical tools for taking decisions by knowing the support and resistance levels for repositioning or exiting any position. The equity market is in phases, you must know the various cycles so as to manage your trading and investment risks.
Also, for stocks that should be on your BUY list in this season as the New Year begins, sign up to INVESTDATA BUY AND SELL signal setup by calling 08032055467.

Get your home study pack on INVEST 2019 Traders & Investors Summit and ride with the expected recovery on Nigeria’s stock market and economy to help you invest and trade knowledgeable in this New Year.
You can also access stocks analysed in the INVEST 2019 traders & investors summit home study pack, which includes stock picks for the year to guide your positioning as trading for the year kicks off on Wednesday, January 2, 2019.

Other comprehensive training materials on stock Trading and Investing for Financial Independence series are available for you to view on your mobile phone, laptop, desktop and Tv. Kindly call or send yes to 08032055467, 08028164086 or 08111811223.
Don’t Miss out.

Best regards

Ambrose Omordion
CRO | Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467
https://investdata.com.ng/2019/01/2018-recap-2019-outlook-taking-advantage-of-low-prices-opportunities-uncertainties/

Volatility May Persist As Q3 Data Assist Investors, Fund Managers Rebalance Portfolios

Market Update for January 3rd, 2019
Nigeria’s stock market had another volatile session on Thursday, extending its second day bearish outing in the New Year on a strong selling pressure driven by short-term profit booking by traders, despite the seeming improvement in economic data from the CBN and the news of 5% rebound in oil price at the international market, ahead of this month’s supply cut decision by the Organisation of Petroleum Exporting Countries (OPEC).

The benchmark Nigerian Stock Exchange (NSE) All-Share index opened with a sight gap down early Thursday and retraced up by the mid-morning, before making a sharp pull back during the session. It moved between an intraday high of 31,078.43 basis points to a low of 30,749.66bps, before closing marginally up at 0,771.32bps on a low volume indicates the wait-and-see attitude of many investors to identify reversal before jumping into any position.
In the process, the index is forming a triple bottom that supports an uptrend. The candlestick formation at the end of trading signal that reversal is imminent depending on market forces.

Investdata Research believes that January effect which was absent in early 2018 will resurface this time due to low liquidity in the market ahead of the 2019 general elections which will influence the market negatively. Positive economic or political news or information are therefore needed to reverse the trend before the presidential election and 2018 full year earnings season. Discerning investors and members of Investdata signal group should use this opportunity to shop for companies that will grow their dividend payout which will drive price during the earnings season and avoid the companies that are likely to cut dividend.

Market technicals for the day were negative and weak as traded volume was lower than previous day’s in the midst of negative breadth and negative sentiment, as revealed by Investdata’s Daily Sentiment Report, showing a sell volume of 93% and 7% buy position. Volume index for the day’s total transactions was 0.50, while energy behind the market’s performance was marginally up, as reflected in the 36.93bps money flow index, from previous day’s 36.66bps, despite the down market and low traded volume which indicates that funds are leaving some stocks for others.

Index and Market Cap
At the end of Thursday trading, the composite NSEASI lost 298.74 points to close at 30,771.32bps, from 31,070.06bps, representing 0.96% decline, just as market capitalization shed N111.41bn, closing at N11.47tr, from the opening value of N11.57tr, representing a 0.96% depreciation in value for the session.

Attention: Join Investdata buy and sell signal setup to get all our in-depths analysis on the picture and to get access to our carefully created watch list. To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. The number of stocks on our watchlist has increased due to the prolonged market correction. Take advantage of this service to buy right and sell right.
Thursday’s downturn was due to profit taking in Guaranty Trust Bank, Zenith Bank, Stanbic IBTC, FBNH, Flourmills, Dangote Sugar, Diamond Bank, FCMB, Access Bank and GSK, among others. This left the Year-to-Date loss at 2.10%, while that of market capitalization is down by N245.82bn from its opening level of N11.72tr, representing a 2.10% decline.

Bearish Sectors Indices
Sectoral performance indices for the session were largely bearish, except for the NSE Oil/Gas that closed green at 0.64%. Market breadth remained negative, with decliners outweighing advancers in the ratio of 24:13, just as market activities were down in volume and value by 21.09% and 27.79% respectively to 169.19m shares worth N1.13bn, from previous session’s 214.4m units valued at N1.56bn, driven by, Diamond Bank, Transcorp, Access Bank, FCMB and Zenith Bank.

The best performing stocks were Forte Oil and Union Bank that topped the advancers table, gaining 9.64% and 8.04% respectively, closing at N30.70 and N6.05 each, on the news that Planet Oil Limited is acquiring Femi Otedola’s 75% equity stake and market forces. On the flipside, GSK and Universality Press led the decliners’ side with 10%% and 9.63% respectively to close at N13.05 and N1.97 each, on market forces and trend.

Market Outlook
Being the last trading session of the week, the MACD on a daily time frame has formed a double top, while looking down supports in the ongoing trend and volatility amidst repositioning for 2018 full year earnings season to shape market performance ahead of December inflation data, MPC meeting, presidential election, earnings season and handover. We advise cautious trading and investing ahead of the polls.

The ongoing volatility will persist as Q3 numbers assist investors and fund managers rebalance their portfolios, while watching the political space and ahead of full year company earnings position and post-election market dynamics. These are likely to drive prices north, or south, while determining market direction before or after the Presidential Election.
Investors should review their positions in line with their investment goals, strength of the 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,
We advise investors to 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.

RE: INVEST 2019
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 Home study pack (USB) that you can play on your phone, Laptop and Television set.

The event, which held on Saturday, December 8, 2018, was yet another successful, insightful and educative outing that not only offered direction as to where investors should look for a profitable 2019, but industries, sectors and companies to seek worthwhile returns. What stocks should you buy? Grab the pack for the 10 Golden Stocks with 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, and 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/2019/01/volatility-may-persist-as-q3-data-assist-investors-fund-managers-rebalance-portfolios/

Investdata Daily Sentiment Report as at January 4th, 2019

NSEASI buy 7% sell 93% MFI 36.93
Access buy 0% MFI 22.80
Afrprud buy � volume index 1.55 MFI 56.49
Ccnn buy 0% MFI 54.99
Dangsugar buy 0% volume index 2.83 MFI 31.01
Diamond buy 0% volume index 1.61 MFI 84.10
ETI buy 0% volume index 1.66 MFI 23.29
Fbnh buy 0% MFI 40.56
Fcmb buy 0% MFI 78.35
Fidelity buy 0% volume index 0.75 MFI 73.41
Fmn buy 32% sell 68% volume index 0.91 MFI 46.77
Glaxo buy 0% volume index 5.81 MFI 0.00
GT buy 3% sell 97% MFI 53.88
Hony flour buy 83% sell 17% volume index 1.07 MFI 48.44
Jaiz buy � volume index 1.55 MFI 75.72
Mobil buy 0% volume index 0.94 MFI 56.10
Oando buy 50% sell 50% MFI 60.38
Royalex buy 0% volume index 2.92 MFI 77.29
Transcorp buy 25% sell 75% volume index 1.35 MFI 64.60
Uba buy � MFI 70.84
Ubn buy � volume index 5.37 MFI 84.62
Ucap buy � volume index 1.87 MFI 47.44
Vitafoam buy � volume index 1.83 MFI 100.00
Wapco buy 0% MFI 2.13
Wapic buy 0% MFI 72.12
Wema buy 75% sell 25% MFI 3.59
Zenith buy 33% sell 67% MFI 35.02

https://investdataltd..com/2019/01/investdata-daily-sentiment-report-as-at.html

Investdata Monthly Sentiment Report

NSEASI buy 63% sell 37% volume index 1.05 MFI 52.10
Access buy 2% sell 98% MFI 31.72
Afrprud buy 83% sell 17% volume index 0.70 MFI 68.76
Aglev buy 50% sell 50% volume index 1.82 MFI 21.71
Aiico buy 0% MFI 44.42
Air service buy � MFI 47.50
Berger buy � volume index 0.74 MFI 86.73
Cadbury buy � MFI 53.20
Cap buy 58% sell 42% MFI 43.82
Caverton buy 64% sell 36% MFI 47.47
Ccnn buy 90% sell 10% MFI 70.14
Conoil buy � MFI 48.24
Continsure buy � MFI 59.95
Cutix buy 0% MFI 76.06
Dangcem buy 56% sell 44% volume index 1.45 MFI 55.87
Dangflour buy 89% sell 11% MFI 61.48
Dangsugar buy 80% sell 20% MFI 69.36
Diamond buy � volume index 1.19 MFI 65.57
Eterna buy 62% sell 38% volume index 0.76 MFI 59.33
Eti buy 0% MFI 55.25
Fbnh buy 57% sell 43% volume index 1.10 MFI 67.45
Fcmb buy 87% sell 13% volume index 0.93 MFI 37.62
Fidelity buy 89% sell 11% MFI 59.03
Fidson buy � volume index 1.91 MFI 94.11
Alum buy � MFI 61.87
Fmn buy 93% sell 7% volume index 0.82 MFI 58.66
FO buy 54% sell 46% volume index 2.60 MFI 54.86
GT buy 35% sell 65% volume index 0.71 MFI 22.84
Hony flour buy 81% sell 19% volume index 1.01 MFI 46.61
Jaiz buy 54% sell 46% MFI 35.28
Japaul buy 33% sell 67% MFI 54.00
JBerger buy 0% volume index 0.77 MFI 40.61
Lasaco buy 67% sell 33% MFI 32.95
Lawunion buy � MFI 71.43
Learn buy 40% sell 60% volume index 2.21 MFI 72.43
Linkass buy � MFI 80.51
Lvstk buy 63% sell 37% MFI 54.56
Mansard buy 15% sell 85% volume index 2.82 MFI 15.46
M&B buy 75% sell 25% MFI 52.75
Mben buy 20% sell 80% MFI 22.17
Mobil buy � volume index 0.73 MFI 83.35
Nahco buy 86% sell 14% MFI 28.17
Nascon buy � MFI 71.67
Neimeth buy 72% sell 28% volume index 1.07 MFI 58.96
Nem buy 64% sell 36% volume index 13.42 MFI 89.11
Nestle buy 21% sell 79% volume index 0.74 MFI 54.21
Nigerins buy � MFI 46.16
Oando buy 73% sell 27% volume index 0.95 MFI 44.99
Okomu buy � MFI 73.31
Presco buy � MFI 73.91
Prestige buy 58% sell 42% MFI 75.05
PZ buy � volume index 0.96 MFI 43.47
Red buy 0% MFI 31.84
Regalins buy � volume index 1.59 MFI 2.87
Royalex buy � MFI 3.82
Seplat buy 63% sell 38% MFI 54.10
Sovereins buy 50% sell 50% MFI 48.37
Stanbic buy 32% sell 68% MFI 18.72
Sterling buy 68% sell 32% MFI 80.42
Total buy � volume index 0.73 MFI 34.28
Transcorp buy 57% sell 43% MFI 80.58
Uacp buy � MFI 57.12
Uacn buy 17% sell 83% MFI 36.63
Uba buy 50% sell 50% MFI 36.75
Ubn buy 47% sell 53% MFI 46.34
Ucap buy 63% sell 37% MFI 54.83'
Unilever buy 0% volume index 1.46 MFI 47.26
Uniondac buy 25% sell 75% volume index 20.81 MFI 89.90
Unity buy 97% sell 3% MFI 77.73
Vitafoam buy � MFI 66.77
Wapco buy 33% sell 67% volume index 4.15 MFI 37.92
Wapic buy � MFI 71.75
Wema buy 75% sell 25% volume index 4.60 MFI 76.32
Zenith buy 44% sell 56% volume index 1.00 MFI 38.62

https://investdataltd..com/2019/01/investdata-monthly-sentiment-report-as.html?m=1

What is Your *PDP for 2019?

Your *PDP* is Your *Personal Development Plans*.

Your *PDP* must be a *Detailed, Well-Structured, Articulated and Written Plan* that will demand your *loyalty and commitment*.

Your *PDP Guide* must include the following:

1. *Building Spiritual Capacity* (Moving from Just *Relationship* to Quality *Fellowship* with Your *God*)

2. *Inspirational And Motivational Books* to *Read* in 2019 (weekly, monthly or quarterly)

3. *Professional And Career Development* Seminars, Conferences or Workshops to attend. (either *Paid or Free*)

4. *Mentors and Coaches* you must *connect* with in 2019, that will *add great value* to your life and work.

5. *Relevant/Additional Skills* to *Develop* or *Sharpen* to enhance your ability to *SERVE* people and *EARN* more.

6. *Events, Places, Cities And Nations* To *Visit* for personal *relaxation, recreation and education*.

7. *Networks or Associations* to join, that will serve as *leverages* for *opportunities* and *connections* (online or offline)

8. What *Products or/and Services* will you be creating in 2019 to multiply *IMPACT* and increase *INCOME*.

9. *Negative Relationships or Friendships* to cut off (that *drains personal energy*)

10. *Wise and Intelligent Investments* to *undertake* in 2019.

11. *Negative Habits, Attitudes and Behaviours* to *confront* and *conquer*.

12. *Positive Habits, Attitudes and Behaviours* to *cultivate* in 2019.

Let Your *Plans* Begin Now!!!

https://investdataltd..com/2018/12/what-is-your-pdp-for-2019.html

NSE Expels 35 Stockbroking Firms

The Nigerian Stock Exchange has expelled 35 stockbroking firms. The exchange disclosed this in a notice published in today’s edition of the Punch newspapers. Here are the affected firms

1. Andruche Investments Plc

2. Angela Eccies Limited

3. Associated Trust Investment and Finance Limited

4. Beaver Securities Limited

5. Betraco Securities Limited

6. Cobal Ventures Limited

7. Financial Intermediaries Limited

8. Corporate Focus Securities Limited

9. GF Securities Limtied

10. IB Finance Limited

11. Intergrated Securities Limited

12 Integrated Ventures Nigeria Limited

13. Intercommerce and Consultant Limited

14. Investment and Capital Development Company Limited

15. Investment Trust Company Limited

16. Kamrash Securities Limited

17. Lakeside Asset Management Limited

18. M and F Investment and Securities Limited

19. Milestone Investment and Securities Limited

20. Millennium Investment Trust Limited

21. Moji Securities and Investment Nigeria Limited

22. Morgan Trust Asset Management Limited (formerly known as IMB Morgan Plc/IMB Securities Limited).

23. Multibank International Securities Limited

24. Nationwide Fiannce and International Securities Limited

25. Novelty Investment Limited

26. Optimus finance and securities Limited

27. Pabod Finance and Investment Company Limited

28. Pabofin Securities Limited

29. Path Securities and Investments Limited

30. Shiroro Finance Limited

31. Tassel Finance and Investment Limited

32. Unique Securities and Finance Services Limited

33. Upper Credit Securities and Investments Limited

34. WellsFargo Capital Limited

35. Westland Investment Limited

https://investdataltd..com/2018/12/nse-expels-35-stockbroking-firms.html?m=1

How To Plan and Reduce Your Risk in 2019?

"By failing to plan then you are planning to fail".

Yesterday, I was checking my outstanding goals for this year and I realized that I still have a lot to accomplish.

Sincerely speaking, I didn't achieve much this last year and some of my colleagues that I asked also didn't achieve their goals too year.

How many times have you said to yourself, if only this had happened, or, if only I had done this or that, things would be different?

The fact remains the same ... If you keep doing what you've been doing—you will get what you've always gotten which is why using last year's investment knowledge to make decision and expecting a different result is a DAYLIGHT DREAM

Research has shown that most people spend their whole lives abandoning their dreams and pay attention to Social media, TV, Sport bet, Ponzi Schemes or stuck on a point without making progress toward their goals.

Did you know that only 3% of the world has set goals for themselves?

Here is the 80/20 rule of planning.

This rule says that the first 20% of time that you spend planning your work before you begin will save you as much as 80% of the time in getting the job done once you get started.

This implies that if you can apply the 80/20 rule to your new year's revolution and create time before 15th of January to plan 2019 ahead if you have not, you'll definitely be productive and have great year in 2019.

Happy Trading,
Ambrose Omordion

P.S. I understand that you are very busy, however, kindly find time to follow up on your 2019 investment goals and don't forget that acquiring knowledge in Stock market is also of top priority so that you can make good investment decision this year...

However, indecision is also a decision, and sitting on the fence without taking any action is a dangerous position to be. So without delay,  get my comprehensive presentations of the one-day workshop on INVEST 2019 INVESTORS and TRADERS SUMMIT Home study USB pack

By calling +2348028164085, 08032055467 or send an email to ambroseconsultants@yahoo.com
https://investdataltd..com/2018/12/how-to-plan-and-reduce-your-risk-in-2019.html

Profit Taking, Volatility Ahead, Amidst Bargain Hunting, Year-end Portfolio Repositioning

Market Update for December 24
Nigeria stock market had a big reversal at Monday’s session, with the benchmark All-Share index regaining all it had lost in the previous 23 days on a huge volume traded and strong market breadth that seemed to announce the arrival of long awaited Santa Claus rally.

This seasonal movement at the end of the year has become a pattern that historically helps the month of December to end on a positive note over the past four consecutive years. Such knee-jerk movement, according to Investdata Research has come, particularly as we saw on Monday, December 24, 2018, come on the strength of increased activities of institutional investors, among others, taking advantage of persisting low prices to reposition their portfolios, while targeting blue chip stocks ahead of the 2018 full year earnings reporting season in Q1 2019.

The composite NSEASI opened with a gap up early in the morning, making new highs during the entire session, climbing from 30,773.64 basis points and then rallying sharply to hit 31,967.01bps. In the process, the index recovered a significant 1,193.37bps, with the NSE at wave 5 indicating a short Bull Run in a bearish market. All five sectorial indexes closed in the green, something that has become a rarity.

Investdata Research believes the strong bullish session witnessed on Monday is a signal of what investors and traders should expect after the 2019 elections, if the economy is fit. This is because no stock market exists in isolation, given that strong economic fundamentals drive company performances that in turn support equity prices during any market conduction.
What happened during the last Q3 earnings season is likely to repeat itself during the next earnings season as stock prices remain low with expected high dividend yield for companies likely to grow their dividend payout.

Monday’s market technicals were positive and strong, especially given that traded volume was huge and higher than previous day’s in the midst of positive breadth. There was also strong buying pressure as revealed by Investdata’s Daily Sentiment Report, showing a buy volume of 100%. Volume index for the day’s total transactions was 2.61, while the force behind the market’s performance was up, as reflected in the money flow index at 49.44bps, which rose from previous day’s 41.72bps, indicating that funds entered the market and some stocks.

Index and Market Cap
The All Share Index’s rise was the highest daily gain in all of 44 months (three years and eight months) to close above the 31,000 psychological line at 31,967.01bps, from 30,773.64bps. This represented 3.88% growth, just as market capitalization climbed by N435.9bn to N11.68tr, after opening at N11.24tr, representing a 3.88% value gain.

Attention: Join Investdata buy and sell signal setup to get all our in-depths analysis on the picture and to get access to our carefully created watch list. To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. The number of stocks on our watchlist has increased due to the prolonged market correction. Take advantage of this service to buy right and sell right.
The upturn was impacted by value appreciation in medium and high cap stocks like: Nestle, Seplat Petroleum, Dangote Cement, Zenith Bank, Guaranty Trust Bank, Diamond Bank, Stanbic IBTC, Access and Dangote Sugar among others. This reduced Year-to-Date loss to 16.41%, and that of market capitalization to N2.26tr from its opening level in January, representing 14.32% decline during the period.

Bullish Sectors Indices
All the sectoral indices were bullish as the market turned around, while breadth remained positive with advancers outnumbering decliners in the ratio of 36:5, just as activities were up in volume and value by 269.45% and 41.69% respectively. Investors traded 715.04m shares worth N5.19bn, compared to previous session’s 193.53m units valued at N3.67bn, driven by: NEM Insurance, MedView Airline, Guaranty Trust Bank Transcorp.

Stanbic IBTC and Diamond Bank were the best performing stocks as they topped the advancers table, gaining 10% each to close at N50.60 and N1.65 each, apparently on the back of market forces and merger deal of the latter with Access Bank. For both stock, we cannot also rule out the effect of the agreement between the Central Bank of Nigeria (CBN) and MTN Communications Limited, which reached amicable settlement over the $8.13bn improper repatriation of dividend (READ MORE). The day’s decliners side was led by Guinea Insurance and Tantalizer, following their 8.0%% and 6.67% slide, closing at N0.23 and N0.20 each, on market forces.

Market Outlook
Expect profit taking and sustained volatility amidst bargain hunting and portfolio repositioning for year-end to shape performance of the market in the last three days of 2018.

MACD on weekly and daily time frame have crossed over on high volume, which supports uptrend, depending on market forces after the Christmas holiday, even as the market is still resisting further decline. This is especially as the number of companies hitting new 52-week low has dropped.

The ongoing volatility will persist as Q3 numbers assist investors and fund managers rebalance their portfolios, while watching the political space and ahead of full year company earnings position and post-election market dynamics. These are likely to drive prices north, or south, while determining market direction before or after the Presidential Election.
Investors should review their positions in line with their investment goals, strength of the 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,
We advise investors to allow numbers guide their decisions while repositioning in any stock, especially now that stock prices remain low in the midst of weak company, economic and market fundamentals.

RE: INVEST 2019
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 Home study pack (USB) that you can play on your phone, Laptop and Television set.

The event, which held on Saturday, December 8, 2018, was yet another successful, insightful and educative outing that not only offered direction as to where investors should look for a profitable 2019, but industries, sectors and companies to seek worthwhile returns. What stocks should you buy? Grab the pack for the 10 Golden Stocks with 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/2018/12/profit-taking-volatility-ahead-amidst-bargain-hunting-year-end-portfolio-repositioning/

Investdata Daily Sentiment Report as at December 28th, 2018

NSEASI buy 31% sell 69% volume index 1.59 MFI 52.57
Access buy 0% volume index 1.76 MFI 29.43
Afrprud buy � volume index 2.01 MFI 44.00
Aiico buy � volume index 1.21 MFI 46.75
Caverton buy � volume index 8.29 MFI 77.52
Dangcem buy 71% sell 29% MFI 62.50
Dangflour buy � MFI 44.63
Dangsugar buy 50% sell 50% volume index 2.77 MFI 41.82
Eterna buy � MFI 86.84
Fbnh buy 67% sell 33% MFI 21.27
Fcmb buy 89% sell 11% volume index 1.71 MFI 85.69
Fidelity buy 90% sell 10% volume index 4.37 MFI 54.38
Fmn buy � volume index 2.50 MFI 20.48
GT buy � volume index 0.75 MFI 46.50
Hony flour buy � volume index 2.19 MFI 59.10
Jaiz buy � volume index 2.46 MFI 65.01
Learn buy � volume index 11.80 MFI 84.31
Linkass buy � volume index 4.20 MFI 93.10
Nem buy 0% volume index 2.43 MFI 92.10
Oando buy 67% sell 33% MFI 90.83
Royalex buy 0% volume index 2.67 MFI 66.39
Sovereins buy 0% volume index 2.04 MFI 100.00
Total buy 0% volume index 1.32 MFI 8.57
Transcorp buy � volume index 4.66 MFI 69.71
Uacn buy 0% volume index 1.53 MFI 87.06
Uba buy � MFI 77.83
Ucap buy � volume index 3.95 MFI 51.68
Uniondac buy � MFI 1.51
Wema buy 8% volume index 6.82 MFI 27.70
Zenith buy 86% sell 14% MFI 27.75

https://investdataltd..com/2018/12/investdata-daily-sentiment-report-as-at_28.html?m=1

Profit Taking, Volatility May Persist Amidst Year-end Portfolio Realignment, Bargain Hunting

Market Update for December 27
It was yet another volatile session on the Nigerian Stock Exchange on Thursday, laced with profit booking, as the benchmark indexes closed lower on mixed sentiments ahead of year-end window dressing by fund managers and others.

This oscillating trend is likely to continue, going into the New Year, as economic fundamentals become weaker, just as oil price trades below the Federal Government’s 2018 and 2019 budget benchmark. The Federal Government has retained its 2018 oil benchmark price of $60 per barrel for 2019, a level considered over ambitious, at a time Iran, with four times of Nigeria’s reserves and almost twice of its capacity has set a benchmark of $54pb.

Also not helping matters is that with less than 50 days to the Presidential Election scheduled for February 16, 2019, the blame game over the sorry state of the nation and indeed the economy has become even more intense. Unbridled attack on personality has remained the campaign strategy of the major political parties at the detriment of the expected robust discussions on how to fix Nigeria’s shaky economy. Noteworthy is that the Federal Government’s Economic Recovery & Growth Plan (ERGP) has done little or nothing to reposition the economy for growth, judging by the rising public debt profile, among others.

Trading opened on the NSE index after the Christmas holiday on a gap down as short-term players cashed out after jump on Monday, December 24, 2018, from the morning session till afternoon. It however retraced up marginally at few minutes to close, even as the positive divergence remained strong, despite the intraday pullback from the highs of 31,967.01 basis points to low of 31,569.28bps before finally closing at 31,692.63bps on a positive market breadth.

As events continue unfolding ahead of 2019, one major factor that will determine the direction of the market, besides the election tide remains the 2018 full-year earnings reporting season between February and March in expectation of smart money pushing equity prices up, as yield curve in developed markets are looking down despite the hike in interest rates. The fact that funds leaving these advance markets to emerging markets will be a plus for our market. Unfortunately however, at a time like this, the economic front and political environment are blinking, due to the lack of clear economic policies and selfish politicking.

Market technicals for Thursday were strong but mixed as traded volume was high but less than previous day’s in the midst of positive breadth and strong selling pressure as revealed by Investdata’s Daily Sentiment Report, showing a sell position of 69% and 31% buy volume. Volume index for the day’s total transactions was 1.59, while the momentum behind the market’s performance was up, as reflected in the money flow index at 52.57bps, which rose from previous day’s 49.44bps, indicating that funds entered the market and some stocks, despite the profit taking.

Index and Market Cap
The NSE’s composite Index 274.38 points to close at 31,692.63bps, after opening at 31,967.01bps which represents 0.86% decline, just as market capitalization dropped by N100.22bn to N11.58tr, from an opening value of N11.68tr, representing a 0.86% value loss.

Attention: Join Investdata buy and sell signal setup to get all our in-depths analysis on the picture and to get access to our carefully created watch list. To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. The number of stocks on our watchlist has increased due to the prolonged market correction. Take advantage of this service to buy right and sell right.

Thursday’s downturn was due to profit taking in stocks like: Dangote Cement, Flour Mills, FBNH, UACN, Access Bank, Wema Bank, Dangote Sugar and Dangote Flour, among others, which raised Year-to-Date loss to 17.13%. Market capitalization decline YTD stood at N2.27tr, from its opening level in January, representing 15.18% decline during the period.

Mixed Sectors Indices
The sectoral performance indices were largely bullish, except for the NSE Insurance and Industrial goods indexes that were in red, while market breadth remained positive with advancers outweighing decliners in the ratio of 30:16. Market activities were down in volume and value by 36.75% and 49.78% respectively as 452.26m shares worth N2.61bn changed hands, compared to the previous session’s 715.04m units valued at N5.19bn. Transactions volume for the day were driven by MedView Airline, NEM Insurance, Transcorp, Fidelity Bank and Access Bank.

The best performing stocks for the session were Conoil and Mutual Benefits which gained 10% each, closing at N23.10 and N0.22 each, apparently on the back of market forces and low price attraction. The day’s decliners side was led by UACN and NEM Insurance, following their 10%% and 9.15% slide, closing at N10.80 and N2.68 each, on profit booking.

Market Outlook
Expect this trend of profit taking and sustained volatility amidst bargain hunting and portfolio repositioningfor year-end to shape performance of the market in the last two days of 2018.

MACD on weekly and daily time frame have crossed over on high volume, which supports uptrend, depending on market forces as the year winds down, even as the market is still resisting further decline.
The ongoing volatility will persist as Q3 numbers assist investors and fund managers rebalance their portfolios, while watching the political space and ahead of full year company earnings position and post-election market dynamics. These are likely to drive prices north, or south, while determining market direction before or after the Presidential Election.
Investors should review their positions in line with their investment goals, strength of the 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,
We advise investors to allow numbers guide their decisions while repositioning in any stock, especially now that stock prices remain low in the midst of weak company, economic and market fundamentals.

RE: INVEST 2019
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 Home study pack (USB) that you can play on your phone, Laptop and Television set. The event, which held on Saturday, December 8, 2018, was yet another successful, insightful and educative outing that not only offered direction as to where investors should look for a profitable 2019, but industries, sectors and companies to seek worthwhile returns.

What stocks should you buy? Grab the pack for the 10 Golden Stocks with 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, and 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/2018/12/profit-taking-volatility-may-persist-amidst-year-end-portfolio-realignment-bargain-hunting/#more

Investdata Daily Sentiment Report as at 27th December, 2018

NSEASI buy � volume index 2.61 MFI 49.44
Access buy 60% sell 40% MFI 30.82
CCNN buy � MFI 54.18
Continsure buy � MFI 41.30
Custodian buy 0% volume index 1.63 MFI 97.03
Dangcem buy 89% sell 11% volume index 7.19 MFI 65.72
Dangsugar buy � volume index 1.16 MFI 65.34
Fbnh buy � MFI 40.43
Fcmb buy 92% sell 8% MFI 78.12
Fidelity buy � volume index 0.76 MFI 41.69
Fmn buy 80% sell 20% volume index 0.70 MFI 26.99
FO buy � volume index 2.68 MFI 86.05
GT buy 50% sell 50% volume index 1.89 MFI 42.12
Hony flour buy 67% sell 33% volume index 1.51 MFI 62.99
Jaiz buy 0% volume index 1.93 MFI 57.05
Lasaco buy � volume index 1.92 MFI 40.28
Lvstk buy � volume index 4.00 MFI 81.73
Nem buy � volume index 29.18 MFI 99.94
Oando buy 50% sell 50% MFI 90.69
PZ buy 0% volume index 0.99 MFI 67.82
Regalins buy � volume index 3.22 MFI 73.43
Royalex buy 0% volume index 2.67 MFI 66.39
Seplat buy � volume index 1.91 MFI 52.97
Transcorp buy 14% sell 86% volume index 2.81 MFI 58.19
Uba buy � MFI 75.96
Ucap buy � volume index 1.47 MFI 43.52
Unity buy � volume index 2.15 MFI 100.00
Veritas buy � volume index 5.02 MFI 85.77
Wema buy 25% sell 75% MFI 42.69
Zenith buy 8% sell 92% MFI 22.55

https://investdataltd..com/2018/12/investdata-daily-sentiment-report-as-at.html

May the peace and blessings
of Christmas be yours
And may the coming year
be fillid with bappiness.

From all of us at Investment Data Ltd