₦airaland Forum

Teens can cook foundation in collaboration with NTA 10 lagos
Present the second edition of the teens can cook competition.

This is scheduled to hold on January 30th, 2022. This promise to exciting, educative, and entertaining for all participants.

The first edition holds good memories among parents, the audience, and the participants from various schools in Nigeria in which the winner wins an all-expense-paid trip to the UK.

We aim to build a nation of young chefs equipped to compete in the global market.

For inquiries: Contact us:
NTA Marketing Manager +2348160087357,
Odunayo on +2348051113510 or
Chilove - +2348139201829 See less

TEENS CAN COOK FOUNDATION
In collaboration with
NIGERIA TELEVISION AUTHORITY (NTA 10 LAGOS)

Present the second edition of the teens can cook competition

For registration and participation
Obtain a form of N5,000 from NTA @ Yaba Lagos office or at 56, opebi road salvation bus/stop Ikeja lagos.

ELIMINATING STAGE
Theory & Practical
31st January to 7th February 2022

SECOND ROUND
Theory & Practical
Wednesday 9th - 13th February 2022

QUARTERFINAL
Theory & Practical, Visiting Big Restaurant in Lagos
Tuesday 15th February 2022

SEMIFINAL
Entertain Calling & Sms from Audience
17th February 2022

FINAL
Timing, Food Presentation, Taste
Monday 21st February 2022

RECOGNITION OF AWARDS AND PRIZE GIVING DAY
Saturday 26th February 2022

The registration form is N5,000

Obtain Your Registration Form @
NTA Yaba Lagos office
or at
No.56 Opebi Road, Salvation B/Stop Ikeja, Lagos.

Prizes to be won are

The winner gets an all-expense-paid trip to the United Kingdom
1st Runner up gets a laptop
2nd Runner up gets a Gas Cooker
3rd Runner up gets a Multifunctional Air Fryer
4th Runner up gets a set of non-stick pots

All payment should be made to
TEENS CAN COOK FOUNDATION
05024300402
Sterling Alternative Finance Cooperate Account

For inquiries: Contact us:
NTA Marketing Manager 08160087357,
Odunayo on 08051113510 or
Chilove - 08139201829

What are you waiting for? Hurry up now to register

Teens Can Cook uncovering the prominence chef in you

From delicious Bitter Leaf Soup, Eguisi Soup, White Soup, Vegetable Soup, Ogbono Soup, Pepper Soup, Nkwobi, Isi-Ewu, Rice, Swallow, Indomie, Goatmeat, Catfish Peppe Soup, etc. with varieties of drinks from your favorite brands to satisfy you and your guest when you come to visit us at Cheekers Inn/

Contact us @:
Address: 45B, Marine Road Apapa, 2nd Badagry GRA, Lagos.
Phone: +23490313577486, +2348087216257, +2348082276447, +2348153043876
Email: cheekersinnltd@gmail.com
Website: https://cheekersinn.business.site

From delicious Bitter Leaf Soup, Eguisi Soup, White Soup, Vegetable Soup, Ogbono Soup, Pepper Soup, Nkwobi, Isi-Ewu, Rice, Swallow, Indomie, Goatmeat, Catfish Peppe Soup, etc. with varieties of drinks from your favorite brands to satisfy you and your guest when you come to visit us at Cheekers Inn/

Contact us @:
Address: 45B, Marine Road Apapa, 2nd Badagry GRA, Lagos.
Phone: +23490313577486, +2348087216257, +2348082276447, +2348153043876
Email: cheekersinnltd@gmail.com
Website: https://cheekersinn.business.site

TEENS CAN COOK FOUNDATION
In collaboration with
NIGERIA TELEVISION AUTHORITY (NTA 10 LAGOS)

Present the second edition of the teens can cook competition

For registration and participation
Obtain a form of N5,000 from NTA @ Yaba Lagos office or at 56, opebi road salvation bus/stop Ikeja lagos.

ELIMINATING STAGE
Theory & Practical
31st January to 7th February 2022

SECOND ROUND
Theory & Practical
Wednesday 9th - 13th February 2022

QUARTERFINAL
Theory & Practical, Visiting Big Restaurant in Lagos
Tuesday 15th February 2022

SEMIFINAL
Entertain Calling & Sms from Audience
17th February 2022

FINAL
Timing, Food Presentation, Taste
Monday 21st February 2022

RECOGNITION OF AWARDS AND PRIZE GIVING DAY
Saturday 26th February 2022

The registration form is N5,000

Obtain Your Registration Form @
NTA Yaba Lagos office
or at
No.56 Opebi Road, Salvation B/Stop Ikeja, Lagos.

Prizes to be won are

The winner gets a tall expense paid trip to the United Kingdom
1st Runner up gets a laptop
2nd Runner up gets a Gas Cooker
3rd Runner up gets a Multifunctional Air Fryer
4th Runner up gets a set of non-stick pots

All payment should be made to
TEENS CAN COOK FOUNDATION
05024300402
Sterling Alternative Finance Cooperate Account

For inquiries:, Contact us:
NTA Marketing Manager 08160087357,
Odunayo on 08051113510 or
Chilove - 08139201829

What are you waiting for? Hurry up now to register

Teens Can Cook uncovering the prominence chef in you

TEENS CAN COOK FOUNDATION
In collaboration with
NIGERIA TELEVISION AUTHORITY (NTA 10 LAGOS)

Present the second edition of the teens can cook competition

For registration and participation
Obtain a form of N5,000 from NTA @ Yaba Lagos office or at 56, opebi road salvation bus/stop Ikeja lagos.

ELIMINATING STAGE
Theory & Practical
31st January to 7th February 2022

SECOND ROUND
Theory & Practical
Wednesday 9th - 13th February 2022

QUARTERFINAL
Theory & Practical, Visiting Big Restaurant in Lagos
Tuesday 15th February 2022

SEMIFINAL
Entertain Calling & Sms from Audience
17th February 2022

FINAL
Timing, Food Presentation, Taste
Monday 21st February 2022

RECOGNITION OF AWARDS AND PRIZE GIVING DAY
Saturday 26th February 2022

The registration form is N5,000

Obtain Your Registration Form @
NTA Yaba Lagos office
or at
No.56 Opebi Road, Salvation B/Stop Ikeja, Lagos.

Prizes to be won are

The winner gets a tall expense paid trip to the United Kingdom
1st Runner up gets a laptop
2nd Runner up gets a Gas Cooker
3rd Runner up gets a Multifunctional Air Fryer
4th Runner up gets a set of non-stick pots

All payment should be made to
TEENS CAN COOK FOUNDATION
05024300402
Sterling Alternative Finance Cooperate Account

For inquiries:, Contact us:
NTA Marketing Manager 08160087357,
Odunayo on 08051113510 or
Chilove - 08139201829

What are you waiting for? Hurry up now to register

Teens Can Cook uncovering the prominence chef in you

TEENS CAN COOK FOUNDATION
In collaboration with
NIGERIA TELEVISION AUTHORITY (NTA 10 LAGOS)

Present the second edition of the teens can cook competition

For registration and participation
Obtain a form of N5,000 from NTA @ Yaba Lagos office or at 56, opebi road salvation bus/stop Ikeja lagos.

For inquiries:, Contact us:
NTA Marketing Manager 08160087357,
Odunayo on 08051113510 or
Chilove - 08139201829

What are you waiting for? Hurry up now to register

Teens Can Cook uncovering the prominence chef in you

TEENS CAN COOK FOUNDATION
In collaboration with
NIGERIA TELEVISION AUTHORITY (NTA 10 LAGOS)

Present the second edition of the teens can cook competition

For registration and participation
Obtain a form of N5,000 from NTA @ Yaba Lagos office or at 56, opebi road salvation bus/stop Ikeja lagos.

ELIMINATING STAGE
Theory & Practical
31st January to 7th February 2022

SECOND ROUND
Theory & Practical
Wednesday 9th - 13th February 2022

QUARTERFINAL
Theory & Practical, Visiting Big Restaurant in Lagos
Tuesday 15th February 2022

SEMIFINAL
Entertain Calling & Sms from Audience
17th February 2022

FINAL
Timing, Food Presentation, Taste
Monday 21st February 2022

RECOGNITION OF AWARDS AND PRIZE GIVING DAY
Saturday 26th February 2022

The registration form is N5,000

Obtain Your Registration Form @
NTA Yaba Lagos office
or at
No.56 Opebi Road, Salvation B/Stop Ikeja, Lagos.

Prizes to be won are

The winner gets a tall expense paid trip to the United Kingdom
1st Runner up gets a laptop
2nd Runner up gets a Gas Cooker
3rd Runner up gets a Multifunctional Air Fryer
4th Runner up gets a set of non-stick pots

All payment should be made to
TEENS CAN COOK FOUNDATION
05024300402
Sterling Alternative Finance Cooperate Account

For inquiries:, Contact us:
NTA Marketing Manager 08160087357,
Odunayo on 08051113510 or
Chilove - 08139201829

What are you waiting for? Hurry up now to register

Teens Can Cook uncovering the prominence chef in you

Contact us for your quality and standard pressure and condit pipes of various sizes and thicknesses. We supply you nationwide and at ana affordable pieces.

Contact us today @
Office Address: Konstant Industrial Estate,
Benson Egbo Street off Ekredjebor Road Ughelli, Delta State.
Phone: +2348036581734, +234807 7312805, +2347030567225
Website: https://konstantpvc.business.site

Contact us or your quality cotton threads of various colors for industrial stitching machines. We will deliver to you in any state in Nigeria and at affordable rates.

OVARA KONSTANT BUSINESS LTD.
LAGOS ADDRESS: 33 Adele Road, Apapa, Lagos.
TEL: +2348057933767, 07036525597, 07038524258
E-MAIL: ovarakonstantconsumables@yahoo.com
WEBSITE: http://www.ovarakonstant.com/

At Cheekers Inn, we value the comfort of our customers, we have installed modern facilities to ensure you have a quality time staying with us. Our service delivery is exceptional. Cheekers Inn is an ideal place to visit for your holiday, weekend gateway or business trip, etc.

Contact us @:
Address: 45B, Marine Road Apapa, 2nd Badagry GRA, Lagos.
Phone: +2348141130809, +2348087216257, +2348153043876
Email: cheekersinnltd@gmail.com
Website: https://cheekersinn.business.site

Cheekers Inn is an ideal place for travelers and businessmen working around apapa and environ.
We are located in a serene environment with a good access road to the Wharf and Tin-can seaports. We look forward to your visit to our inn.
Contact us @:
Cheekers Inn
Address: 45B, Marine Road Apapa, 2nd Badagry GRA, Lagos.
Phone: +2348141130809, +2348087216257, +2348153043876
Email: cheekersinnltd@gmail.com
Website: https://cheekersinn.business.site

Cheekers inn is located at apapa, lagos state. No Reservation Costs. Great Rates. Secure Booking. Best Price Guarantee. Get Instant Confirmation. 24/7 Customer Service. We speak your language. No Booking Fees.

Book a room today to enjoy our tasty local dishes.
also, watch out for our various festive season promos coming up this December.

Contact us @:
Address: 45B, Marine Road Apapa, 2nd Badagry GRA, Lagos.
Phone: +2348141130809, +2348087216257, +2348153043876
Website: https://cheekersinn.business.siteContac

Contact us at Ovara Konstant Business Ltd, for your Pest control and Disinfectant management.

Because of the need to promote a healthy clean environment and safe home, our number one priority is keeping your organization happy by protecting its staff and property from pests looking to invade our office and warehouse. And also protecting your family and home from rodents

APPLICABLE SCENE:
Disinfect and kill insects in hotels, guesthouses, shopping malls, restaurants, residential quarters, etc.
Sterilization and disinfection of entertainment places such as food factories, supermarkets, hospitals, schools, military camps, underground parking lots, prisons, and theaters.

Disinfection and disinfection of cars, subways, trains, ships, airplanes, warehouse greenhouses, greenhouses, livestock farms, etc.

Contact us today;
OVARA KONSTANT BUSINESS LTD.
LAGOS ADDRESS: 33 Adele Road, Apapa, Lagos.
TEL: +2348057933767, 07036525597, 07038524258
E-MAIL: ovarakonstantconsumables@yahoo.com
WEBSITE: http://www.ovarakonstant.com/

Our products are of a high standard and attested to meet your building and plumbing needs. I.e. Water Heater, Waste Water, Boreholes, Shallow well, Kitchen Waste Water, etc. The Konstant PVC production line comes with pipes of different dimensions and colors.

Contact us today @
Office Address: Konstant Industrial Estate,
Benson Egbo Street off Ekredjebor Road Ughelli, Delta State.
Phone: +2348036581734, +234807 7312805, +2347030567225
Website: https://konstantpvc.business.site

Hello Traders

This is to inform you that there will be no signals for this week as we are watching the historical technical pattern of various sectors.
Kindly watch all your past positions next week.


To your investment success

Investdata

NGX Questions and Answers with Ambrose Omordion as at 27th November 2021

Hello Investors and Traders,

I just posted Questions and Answers with Ambrose Omordion as of 27th, November 2021

Share with me what you think about the Video and don't forget to click on subscribe button so that you can be among the first to get the latest update.


https://www.youtube.com/watch?v=Lqh2_dkS-jE

Ambrose Omordion

Sentiment Report for November 25, 2021

NGXASI buy 9% sell 91% volume index 0.74 MFI 64.09
Access buy 67% sell 33% volume index 0.90 MFI 38.56
Chams buy 0% volume index 0.99 MFI 36.09
Chiplc buy � volume index 5.90 MFI 36.84
Eti buy 0% MFI 55.39
Fbnh buy 50% sell 50% MFI 85.85
Fcmb buy � MFI 55.60
Fidelity buy 33% sell 67% MFI 45.24
Ftn buy � volume index 2.24 MFI 44.45
GTCO buy 0% volume index 1.23 MFI 27.30
Honyflour buy � volume index 10.65 MFI 68.92
Jaiz buy � volume index 1.05 MFI 66.31
Jagold buy 50% sell 50% MFI 48.51
Lvstk buy 33% sell 67% volume index 0.85 MFI 35.00
Mansard buy 0% MFI 26.57
Mben buy 0% MFI 44.68
NGXGR buy 67% sell 33% MFI 41.09
Oando buy � volume index 1.47 MFI 67.22
Royalex buy � volume index 0.95 MFI 38.74
Sterling buy 50% sell 50% MFI 39.61
Transcorp buy 33% sell 67% volume index 0.91 MFI 11.38
Uacn buy � MFI 32.94
Uba buy 50% sell 50% MFI 48.24
Ubn buy 50% sell 50% volume index 1.63 MFI 25.21
Ucap buy � MFI 78.62
Unity buy 25% sell 75% volume index 3.80 MFI 20.72
UPDC buy 25% sell 75% volume index 2.64 MFI 37.91
Upl buy � volume index 4.13 MFI 86.29
Veritas buy � volume index 1.30 MFI 93.18
Wapco buy 88% sell 12% volume index 0.84 MFI 49.14
Wapic buy � volume index 0.95 MFI 45.70
Wema buy � volume index 1.31 MFI 62.81
Zenith buy 50% sell 50% volume index 1.95 MFI 54.67

Investdata Daily Sentiment Report

Reminder! Reminder!! Reminder!!!

Hello Investors and Traders,

Questions and Answers with Ambrose Omordion

will hold Saturday 27/11/2021. Time: 12:00noon

IT IS ABSOLUTELY FREE

Join Zoom Meeting
https://us02web.zoom.us/j/85080392815?pwd=Wkd2TG8ya1I3TGtFZmFHNmMrQnhSQT09

Or

Meeting ID: 850 8039 2815
Passcode: 985439

Ambrose Omordion

Konstant PVC Ltd is a foremost PVC manufacturing company established in Ughelli North, Delta State. We are the major manufacturer of all sizes of PVC Pipes in Delta state, Nigeria.
At Konstant Pvc, we have installed the most innovative PVC production line; our finished products have been adjudged and acknowledged by our customers as among the best PVC pipe in the market. We work with skilled technicians and engineers with technical expertise to ensure we continue to maintain the quality of our pipes.

Our products are standard and attested to meet your building and plumbing needs. I.e. Water Heater, Waste Water, Boreholes, Shallow well, Kitchen Waste Water, etc. Konstant PVC production line comes with pipes of different dimensions and colors..

Contact us today @
Office Address: Konstant Industrial Estate, Benson Egbo Street off Ekredjebor Road Ughelli, Delta State.
Phone: +2348036581734, +234807 7312805, +2347030567225
Website: https://konstantpvc.business.site

You make a choice when you decide how you will react to any given situation. If you’re choosing (sometimes subconsciously) to complain and think negatively, your natural reaction will be to dwell on the negatives of every situation.

Life only changes when you decide to change. It may not be comfortable or easy, but it sure is worth it.

“I think preparing food and feeding people brings nourishment not only to our bodies but to our spirits. Feeding people is a way of loving them, in the same way, that feeding ourselves is a way of honoring our creativeness and fragil­ity."
― Shauna Niequist

Cheekers Inn has always been travelers' ideal destination when you talk of comfort, standard and affordable room rates with exceptional s24/7 services delivery amongst hotels located wetin apapa and environ.

Book a room today to enjoy our tasty and delicious local dishes.
also, watch out for our various festive season promos coming up this December.

Contact us @:
Address: 45B, Marine Road Apapa, 2nd Badagry GRA, Lagos.
Phone: +2348141130809, +2348087216257, +2348153043876
Website: https://cheekersinn.business.siteContact

J.C Ulasi and Sons Nigeria Ltd is your one stop store for vehicle parts
and accessories from all brands of cars in Nigeria. You can rest assured that all products sold in our store are genuine and comes with a manufacturing warranty.

Our customers enjoy quality service delivered to them promptly Nationwide

We have been in operation for over 25 years, growing into a market leader, which makes us among the biggest in all Genuine Tyres (Achilles, Maxxis, Dunlop), Batteries (Everstart, Solite, Hankock, Rocket), Alloy Rims & Fancies (Seat Cover, Steering, Cover A/C Gas & Cosmetic, etc.) of all established brands. Our services are 100% tested and trusted.

Call Now: +2348034941117, +2347085498861

Head Office: 164, Akilo Road Ogba, Agege Lagos

https://jculasiandsons.business.site/

Customers are thrilled with our various local dishes, rich and spicy. Prepared to give everyone a nutritious and delicious taste.

Today menu is Nkwobi
Nkwobi is a traditional eastern Nigeria Delicacy enjoyed by all.

INGREDIENT TO PREPARE NKWOBI
2kg (4.4 lbs) cow foot (cut into sizeable pieces)
20cl (200ml) Palm Oil
Powdered edible potash (Akanwu/Kaun/Keun)
Pround Ehu seeds (Calabash Nutmeg)
Ground crayfish
Habanero peppers (or to your taste)
Onion
Utazi leaves
Stock cubes
Salt (to taste)

We look forward to your booking;

Contact us today @:
Cheekers Innspice
Address: 45B, Marine Road Apapa, 2nd Badagry GRA, Lagos.
Phone: +2348141130809, +2348087216257, +2348153043876
Email: cheekersinnltd@gmail.com

Students of the Oba Adelani Gbogbo Ade Memorial School were in participation at the just concluded Teens Can Cook Competition help August 2021. Everyone had a good time.

The Next edition promises to be more exciting, entertaining, and competitive.

For details about the Teens Can Cook Foundation, contact us today at:
Phone: +2348051113510, +2348139201829, +447447785210
Address: 56, Salvation Bus stop, Opebi, Ikeja, Lagos.
Website: https://teensfoundation.business.site/

Cheekers Inn is an ideal place for travelers and businessmen working around apapa and environ.

We are located in a serene environment with a good access road to the Wharf and Tin-can seaports. We look forward to your visit to our inn.

Contact us @:
Cheekers Inn
Address: 45B, Marine Road Apapa, 2nd Badagry GRA, Lagos.
Phone: +2348141130809, +2348087216257, +2348153043876
Email: cheekersinnltd@gmail.com
Website: https://cheekersinn.business.site

Konstant PVC Ltd
Our company provides you the best

Our management team ate working effortlessly to ensure we are able to meet our various customer's expectations. All PVC purchases request are addressed promptly with no compromise of the quality and price of all our various pipes.


Contact us today @
Office Address: Konstant Industrial Estate, Benson Egbo Street off Ekredjebor Road Ughelli, Delta State.
Phone: +2348036581734, +234807 7312805, +2347030567225
Website: https://konstantpvc.business.site

Ovara Konstant Business Ltd, a licensed pest control company, serving the Milling and Allied Companies for over 20 years. We offer professionalism to all industries by offering extensive quality cleaning services, fogging and fumigation services for pest control and disinfectant for individuals, private establishments, public organizations, and government parastatals, etc., to promote a hazardous free environment for you.

At Ovara Konstant Business Ltd, Pest control and Disinfectant management are what we do! We live and work here, just as you do. Because of the need to promote a healthy clean environment and safe home, our number one priority is keeping your organization happy by protecting its staff and property from pests looking to invade our office and warehouse.

Our fumigation services have been acclaimed as the best considering our modern equipment, promoting insects and antinodes free environment.

APPLICABLE SCENE:
Disinfect and kill insects in hotels, guesthouses, shopping malls, restaurants, residential quarters, etc.
Sterilization and disinfection of entertainment places such as food factories, supermarkets, hospitals, schools, military camps, underground parking lots, prisons, and theaters.

Disinfection and disinfection of cars, subways, trains, ships, airplanes, warehouse greenhouses, greenhouses, livestock farms, etc.

Contact us today;
OVARA KONSTANT BUSINESS LTD.
LAGOS ADDRESS: 33 Adele Road, Apapa, Lagos.
TEL: +2348057933767, 07036525597, 07038524258
E-MAIL: ovarakonstantconsumables@yahoo.com
WEBSITE: http://www.ovarakonstant.com/

NGX Index May Sustain Oscillating Posture On MPC Outcome, Ahead TB Auction


Market Update for November 23

Volatility continued on the Nigerian Exchange on Tuesday as the benchmark index short-lived previous day’s positive outing, turning slightly negative to extend its sideways movement on a low traded volume. Market breadth was, however, positive as members of the Central Bank of Nigeria’s Monetary Policy Committee concluded their final meeting for the year, voting unanimously to retain all policy instruments unchanged, in what they said is to sustain the ongoing economic recovery, despite various headwinds like the fear of COVID 19 resurfacing in some climates and the oscillating oil price at the international market.

The mixed sentiments and signals at the end of Tuesday trading indicates investors buying interest in blue-chips, especially those that had suffered losses in recent time but have a high possibility of dividend payout. Profit taking activities continued in some tickers ahead of midweek Treasury Bills’ primary market auction that will space the yield direction in the fixed income market.

Technically, NGX index action remained strong in the face of profit taking and portfolio repositioning, as the NGX All-Share index slipped to continue its sideway trending within the rectangular channel. Momentum indicators for the day were mixed nonetheless, as ADX dropped to 59.60, while Money Flow Index rose to 66.11 points on the daily chart. The continuation of this trend depends largely on the interplay of market forces and inflow funds into equity space

Tuesday’s trading started slightly in the green, before pulling back to oscillate for the rest of the session on selloffs and ‘buy’ interests in some banking stocks, a situation that pushed the NGX index to an intraday low of 43,234.57 basis points from its highs of 43,286.89bps before closing slightly below the opening points at 43,255.14bps.

Meanwhile, Tuesday market technicals were weak and mixed as volume traded was lower than the previous day’s in the midst of positive breadth and mixed sentiment as revealed by Investdata’s Sentiment Report showing 40% buy volume and 60% sell position. The total transaction volume index stood at 0.58 points, just as momentum behind the day’s performance remained relatively strong. Money Flow Index read 66.11 points, from the previous day’s 59.58 points, indicating that there was some funds inflow, despite the down market.

For you to successful invest and trade in this market order for Investdata’s video on Buy &Sell Technical Analysis Toolbox to navigate the rest of the year profitably, enhance trading decisions and boost your bottom line. Also, to up your game in stock trading and investing, understanding the key to trading price and index action will go a long way to make the difference in your trading results, check out the video materials below.

Index and Mkt Cap Movement

At the close of Tuesday’s trading, the key performance NGXASI was slightly down by 4.99 basis points, at 43,255.14bps after opening at 43,260.13bps, representing a 0.01% drop, just as market capitalization fell by N590m, closing at N22.58tr, from the opening value of N22.58tr, also representing 0.01% value loss.

Attention: If you have not signed up for INVESTDATA’s buy and sell signal setup, don’t delay, because the number of stocks entering their buying range has just increased to 30 as they build a new bullish base and positive chart patterns to be on our watchlist. These stocks have double potentials to rally, considering their earnings prospect and the recovery move of the market at this time.

To become a member, send ‘YES’ or ‘STOCKS’ to the phone numbers below. Take advantage of this service to buy right and sell right at the current oscillating market in the midst of earnings season, portfolio reshuffling, and repositioning as we await an economic reform policy to stimulate and re-track the economy to the path of growth and development.

This day’s downturn was driven by selloffs in stocks like GTCO, Oando, UBA, Dangote Sugar, NEM, Mansard, Livestock and Mutual Benefits Assurance among others, which impacted mildly on Year-To-Date gain, reducing it to 7.41%. Market capitalization stood at N1.56tr YTD, representing a 7.22% growth from the year’s opening value.

Bearish Sector Indices

Sectoral performance indexes were mixed, as NGX Banking closed higher by 0.21%, while NGX Insurance index led the advancers, gaining 1.97%, followed by Oil/Gas and Consumer Goods with 0.20% and 0.01% respectively. Just as NGX Industrial Goods closed flat.

Market breadth was positive as gainers outnumbered losers in the ratio of 19:15, while activities in volume and value terms were down after players had exchanged 271.97m shares worth N2.9bn, compared to the previous day’s 2.16bn units valued at N16.08bn. Volume was boosted by trades in GTCO, FBNH, Zenith Bank, Access Bank and Honeywell Flour.

Honeywell Flour and University Press were the best-performing stocks, gaining 9.95% and 8.70% respectively, closing at N4.09 and N2.50per share respectively on Monday’s merger news and market forces. On the flip side, UPDC and NEM Insurance lost 9.35% and 9.27% respectively, closing at N1.26 and N1.86 per share, purely on selloffs and profit taking.

Market Outlook

We expect the market to maintain the oscillating posture on outcome of MPC meeting ahead of TB primary market auction, with seasonality and cycles likely to influence equity prices ahead of year-end window dressing. The low volume traded in the midst of pullbacks is creating new buy opportunities on the strength of the Q3 numbers. Also, candlestick formation and volume traded during the session revealed that institutional players are not selling but positioning in blue-chip companies, as the index slide on a light volume. It is equally noteworthy that during a ranging market many players seat on the fence waiting for a breakout or down before jumping into any position. Even as many stocks are trading within their buy ranges, a situation expected to attract more funds into the stock market, given the Dividend Yield capable of serving as a hedge against inflation.

https://investdata.com.ng/ngx-index-may-sustain-oscillating-posture-on-mpc-outcome-ahead-tb-auction/