₦airaland Forum

WORDS TO TRADE BY

“Invest for the long haul. Don’t get too greedy and don’t get too scared."

― Shelby M.C. Davis

Greed is a historically bad word in our vernacular, but a reasonable level of greed is what drives the market. People invest because they want to make money. They aren't necessarily concerned about other people making money as well. So, in that sense, trading is greedy.
But you have to be careful not to become too greedy. When you cross that threshold, you're putting yourself in dangerous territory. Too much greed influences your decision-making in the wrong way.

With that being said, you also have to make sure you don't allow fear to overwhelm you. Losses happen when trading, but you can offset them by keeping your cool. Trading is all about balance. If you can let your greed and fear keep each other in check, you'll be just fine.

Investors In Caution Mode, Amid Low Volume, Await Inflation, GDP Data, Earnings


Market Update for August 16

Trading activities on the Nigerian Exchange on Monday stayed mixed and volatile as the key performance index NGXASI suffered a marginal setback to start the week on a negative note, thereby halting four consecutive sessions of bull-run due to profit-taking and price adjustment in Flour Mills, Consolidated Hallmark Insurance and Meyer for a dividend of N1.65, two kobo and N1.50 per share respectively, as recommended by their boards.

The mixed sentiment revealed the battle between buyers and sellers during the session, as portfolio repositioning and sectorial rotation continued on the strength of the positive half-year earnings reports of listed companies, ahead of the macroeconomic data and scorecards of interim dividend-paying banks. Against expectations, the July consumer price index was not made available by the Nigerian Bureau of Statistics, even as the Central Bank of Nigeria (CBN) reportedly, again, projected that inflation would drop to 13% before the end of 2021.

Meanwhile, the better-than-expected corporate earnings and improved Purchasing Managers’ Index, in the past quarter, have given an insight into what investors should expect from the Q2 GDP numbers scheduled for release on August 26, according to the timetable of the NBS. Also, President Mohammadu Buhari, on Monday, signed the Petroleum Industry Bill (PIB), which has been so ensnared in controversy into law, a move some expect would boost the nation’s economy, particularly the oil and gas sectors if faithfully implemented, despite the controversies. In all these, the global political concern and management of the Delta variants of COVID 19 will determine the rate of economic recovery if there is no further lockdown in the coming weeks and months.

Technically, the low traded volume in the midst of positive broad market and breadth suggests investors are still studying the earnings released so far and watching their positions, especially after the composite NGX index had formed a double bottom chart pattern that supports an uptrend. A breakout of the black line which is a strong resistance level of 39,840.27bps will confirm a new trend in the market. At the same time, highly capitalised stocks remain a safe haven for players, considering the impressive half-year numbers that emanated from these companies, and ahead of their Q3 earnings reports expected within the last quarter of the year. Incidentally, that is also the most active quarter of the economy and market, due to end-of-the-year festivities and other seasonality.

Meanwhile, Monday’s trading opened slightly on the upside and oscillated between the mid-morning to the afternoon on buying interests and profit booking in high and medium cap stocks which pushed the NGX index to an intraday low of 39,474.46bps, from its highs of 39,524.53bps. Thereafter it closed marginally below the opening level at 39,505.40bps on positive market breadth.

Market technicals were weak and mixed as volume traded was lower than that of the previous sessions in the midst of breadth favouring the bulls on mixed sentiments as revealed by Investdata’s Sentiment Report showing 62% ‘buy’ volume and 38% ‘sell’ position. Total transaction volume index stood at 0.58 points, just as the momentum behind the day’s performance remained relatively strong with Money Flow Index reading 54.98 points, from the previous day’s 60.38 points, an indication that some funds left the market.

To navigate the rest of the quarter and year profitably, order Investdata’s video on How to effectively combine Fundamentals and Technical Analysis to 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 Market Caps

At the end of Monday’s trading, the benchmark NGX All-Share index dropped 16.94bps to 39,505.40bps, from its opening level of 39,522.34bps, representing a 0.04% drop, just as market capitalization fell by N8.82bn at N20.58tr, from its N20.58tr, also representing a 0.04% 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 24 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 oscillating mood 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.

The session’s downturn was driven by price depreciation in Zenith Bank, Lafarge Africa, UBA, Chemical & Allied Products, Cadbury, Fidelity Bank, and Ecobank Transnational Incorporated, among others. These impacted mildly on Year-To-Date loss which increased to 1.90%, just as loss in market capitalization YTD rose to N473.87bn, representing a 2.25% decline from its opening value for the year.

MixedSector Indices

Performance indexes across sectors were mixed, as the NGX Banking and Industrial Goods were down by 0.65% and 0.09% respectively, while the NGX Energy Index led the advancers, after gaining 0.16%, followed by Insurance and Consumer goods with 0.04%and 0.02%respectively.

Despite the loss, market breadth turned positive with gainers outnumbering losers in the ratio of 25:15, while activities in volume and value terms dropped with investors only exchanging 141.28m shares worth N1.64bn. The day’s volume was boosted by trades in Etranzact, Fidelity Bank, Transcorp, Consolidated Hallmark Insurance and Access Bank.

MRS Oil and May & Baker were the best-performing, after gaining 9.92% and 9.77% respectively, closing at N13.85 and N4.83 per share respectively on the market forces and impressive Q2 numbers. On the flip side, ABC Transport and Lasaco Assurance lost 8.33% and 6.67% respectively, closing at N0.33 and N1.40 per share, on selloffs and profit-taking.

Market Outlook

We expect the mixed trend to continue on profit booking and repositioning in value and growth stocks on the strength of half-year earnings reports, while investors continue their portfolio reshuffling and studying of the corporate earnings ahead of the July inflation, and Q2 GDP data release, as well as results from interim dividend-paying banks. Also, investors are still observing the interplay of market forces following recent developments in the FX market as the CBN plans to launch a digital currency platform. The day’s low volume suggests that institutional investors and others are still cautiously looking at the numbers. It is noteworthy that oil price continues to oscillate in the international market; corporate actions, as well as the interim dividend possibilities, are around the corner.

We note also that some stocks are trading within their buy ranges to become more attractive at this point for income investors and traders, even as the market anticipates positive news, while oil price continues to oscillate above $68pb to support the global economy and stock market recovery across climates. We also expect the ongoing COVID-19 vaccination to support the global and domestic economic recovery that will enhance the market and give direction.

The banking sector and others remain attractive on the back of the prevailing low prices, despite the mixed half-year earnings.

Again, the way to go is: Target dividend-paying stocks and fundamentally sound companies with growth prospects in 2021 and beyond, looking the way of mispriced equities ahead of interim dividend announcement and last quarter economic activities. This is especially given that despite the seeming improvements, fixed income yield continues to offer a negative real rate of return due to the galloping inflation.

However, the strong and faster recovery may continue, depending on market forces, going forward, as propelled by expected Q2 earnings reports, until the next MPC meeting nextmonth.

Meanwhile, the home study packs on Comprehensive Stock Market trading course video, INVEST 2021 New Opportunities & New Paths To Profits Summit materials and 10 Golden Stocks for 2021, Strategies and How to invest profitably in this Changing Market Dynamics/ Recession, Mastering Earnings Season For Profitable Investing and Trading in any market situation/ cycles, Life Beyond COVID 19 Investment Opportunities In The Stock Market are now available. To obtain your pack send ‘Yes’ or ‘Stock’ to 08028164085, 08179547605 now.

https://investdata.com.ng/investors-in-caution-mode-amid-low-volume-await-inflation-gdp-data-earnings/

Good day Investors and Traders,

I am very excited to share with you updates on what is really happening in the Masterclass inner circle.

In less than 5 months one of our trading position has hit a target of 109.32% for participants of the Masterclass Investors.

So, if you are serious about getting the best out of your portfolio in Q4, now is the best time to start planning for the next MasterClass except you want to leave it to chance and miss out again.

Ambrose Omordion

Sign up now:
Tel: 08028164085, 08179547605

WORDS TO TRADE BY

“If you don’t know who you are, this is an expensive place to find out."

― George Goodman

The stock market is a terrible place to learn about yourself. If you don't already know your strengths and weaknesses, don't expect the market to be a good teacher.

That's because the market is an institution that collectively responds to fear, hope, despair, excitement, and greed. The market will leverage your fear and snatch away your profits before you even know what happened. In the same way, it will take advantage of your excitement and send your account into the trashcan in a heartbeat.

Before you get serious about trading, get serious about who you are and how you plan to manage your emotions. Then, and only then, can you move forward toward future success!

THE BUY AND SELL SIGNAL

Hello Investors,

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

I have added a further twist to it. This includes.
1. Low Priced Stocks to Watch
2. Stocks to lead recovery
3. Defensive Stocks
4. Dividend Stocks with Strong Yields and Fundamentals
5. Stocks to Benefit from Corona Virus Induced Economic downturn and government Intervention
20 Stocks building new bullish base


However, you need to login on the membership site before you can have access to it.

Kindly click on the below link now to login with your username and password

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

However, if you have not joined the buying and selling signal membership, kindly indicate your interest so that one of our team members will call you immediately on how to get started immediately

To Your Success
Investdata Consulting.

P.S. You need to act fast. You know time wait for no one.

Mixed Trend, As Investors Realign Portfolios Ahead Of July CPI, Q2 GDP Data release


Market Update for August 12

It was yet another very volatile and mixed session on the Nigerian Exchange Thursday as the NGX index action oscillated due to repositioning and profit taking activities of market players as the ongoing portfolio reshuffling and sector rotation supported the prevailing market wave ahead of the outstanding half-year results and economic data.

The mixed sentiment observed at the end of Thursday’s trading reflected the mood of sellers and buyers battling for dominance as revealed by the candlestick pattern and investdata sentiment report. Also, we note that the divergence between the index and volume action have been corrected by the day’s very high traded volume while money flow index turned up, an indication that funds entered the market to sustain the positive outing for the third consecutive session.

Technically, the composite NGX index is set to breakout the first resistance level range of 39,494.70bps and 39,875.66bps as trading opens on Friday, and any breakout of these levels will confirm a new strong trend in the market. At the same time, highly capitalised stocks remain a safe haven for players, considering the impressive half-year numbers that emanated from these companies ahead of their Q3 earnings reports expected within the last quarter of the year. Incidentally, that is also the most active quarter of the economy and the market, due to end of the year festivity and other seasonality.

Already, there is the formation of a saucer chart pattern that supports a continuation of the trend, which we need to watch as trading opens for the last session of the week, because profit taking is possible at this point or level. Below is the daily chart:


Meanwhile, Thursday’s trading opened on the green and was sustained till midday before vacillating on buying interests in high and medium cap stocks which pushed the NGX index to an intraday high of 39,582.30bps, from its lows of 39,356.59bps. Thereafter itclosed marginally above the opening level at 39,490.06bps on a negative market breadth.

Market technicals were positive but weak, with volume traded higher than that of the previous sessions in the midst of breadth that favours the bears on mixed sentiments as revealed by Investdata’s Sentiment Report showing 59% ‘buy’ volume and 41% ‘sell’ position. Total transaction volume index stood at 2.31 points, just as the impetus behind the day’s performance remained relatively strong with Money Flow Index reading 60.99 points, from the previous day’s 56.70 points, an indication that fresh funds entered the market.

To navigate the rest of the quarter and year profitably, order Investdata’s video on How to effectively combine Fundamentals and Technical Analysis to 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, checkout the video materials below.

Index and Market Caps

The benchmark index NGXASI, at the close of transactions gained 41.60bps, at 39,490.06bps, from an opening level of 39,448.46bps, representing a 0.11% up, just as market capitalization rose by N21.67bn at N20.57tr, from its opening value of N20.57tr, also representing a 0.11% value gain.

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 24 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 oscillating mood 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.

Thursday upturn was driven by price appreciations in Dangote Cement, GTCO, Zenith Bank, Unilever, and Flour Mills, among others. These gains impacted mildly on Year-To-Date loss, as it reduced to 1.94%, just as loss in market capitalization YTD also dropped to N481.87bn, representing a 2.29% decline from its opening value for the year.

Bearish Sector Indices

Performance indexes across sectors were bearish, except for the NGX Industrial goods that closed 0.35% higher, while the NGX Insurance Index led the decliners, after shedding 1.80%, followed by Banking, Oil/Gas and Consumer goods with 0.24%, 0.23% and 0.02% respectively.

Market breadth turned significantly negative, with losers outnumbering gainers in the ratio of 24:8, while transactions in volume and value terms were up as stockbrokers traded 570.2m shares worth N2.28bn, compared to the previous day’s 181.42m units valued at N2.09bn. The day’s volume was largely driven by trades in Honeywell Flourmill Plc, Vitafoam, and FCMB.

Honeywell Flourmill and Wema Bank were the best-performing, after the consumer goods maker gained 10% to hit a new 52-week high, while the bank chalked 3.95%, closing at N1.87 and N0.79 per share respectively on the strength of impressive Q1 numbers and market forces. On the flip side, SFS REIT and Tripple Gee lost 9.99% and 9.28% respectively, closing at N61.75 and N0.88 per share, on selloffs and profit-taking.

Market Outlook

We expect the mixed trend to continue on profit booking and repositioning in value and growth stocks on the strength of half-year earnings reports, while investors continue their portfolio reshuffling and studying of the corporate earnings ahead of the July inflation, and Q2 GDP data release, as well as results from interim dividend-paying banks. Also, investors are still observing the interplay of market forces following recent developments in the FX market with the decision to stop the sale of US$ to BDC operators. The day’s mixed volume suggests that smart money is taking advantage of the oscillating trend and relatively low prices to reposition. It is noteworthy that oil price continues to oscillate in the international market; corporate actions, as well as the interim dividend possibilities,are around the corner.

We note also that some stocks are trading within their buy ranges to become more attractive at this point for income investors and traders, even as the market anticipates positive news, while oil price continues to oscillate above $68pb to support the global economy and stock market recovery across climates. We also expect the ongoing COVID-19 vaccination to support global and domestic economic recovery that will enhance the market and give direction.

The banking sector and others remain attractive on the back of the prevailing low prices, despite the mixed half-year earnings.

Again, the way to go is: Target dividend-paying stocks and fundamentally sound companies with growth prospects in 2021 and beyond, looking the way of mispriced equities ahead of interim dividend announcement and last quarter economic activities. This is especially given that despite the seeming improvements, fixed income yield continues to offer a negative real rate of return due to the galloping inflation.

However, the strong and faster recovery may continue, depending on market forces, going forward, as propelled by expected Q2 earnings reports, until the next MPC meeting next month.

https://investdata.com.ng/mixed-trend-as-investors-realign-portfolios-ahead-of-july-cpi-q2-gdp-data-release/

Mixed Trend, As Investors Realign Portfolios Ahead Of July CPI, Q2 GDP Data release


Market Update for August 12

It was yet another very volatile and mixed session on the Nigerian Exchange Thursday as the NGX index action oscillated due to repositioning and profit taking activities of market players as the ongoing portfolio reshuffling and sector rotation supported the prevailing market wave ahead of the outstanding half-year results and economic data.

The mixed sentiment observed at the end of Thursday’s trading reflected the mood of sellers and buyers battling for dominance as revealed by the candlestick pattern and investdata sentiment report. Also, we note that the divergence between the index and volume action have been corrected by the day’s very high traded volume while money flow index turned up, an indication that funds entered the market to sustain the positive outing for the third consecutive session.

Technically, the composite NGX index is set to breakout the first resistance level range of 39,494.70bps and 39,875.66bps as trading opens on Friday, and any breakout of these levels will confirm a new strong trend in the market. At the same time, highly capitalised stocks remain a safe haven for players, considering the impressive half-year numbers that emanated from these companies ahead of their Q3 earnings reports expected within the last quarter of the year. Incidentally, that is also the most active quarter of the economy and the market, due to end of the year festivity and other seasonality.

Already, there is the formation of a saucer chart pattern that supports a continuation of the trend, which we need to watch as trading opens for the last session of the week, because profit taking is possible at this point or level. Below is the daily chart:


Meanwhile, Thursday’s trading opened on the green and was sustained till midday before vacillating on buying interests in high and medium cap stocks which pushed the NGX index to an intraday high of 39,582.30bps, from its lows of 39,356.59bps. Thereafter itclosed marginally above the opening level at 39,490.06bps on a negative market breadth.

Market technicals were positive but weak, with volume traded higher than that of the previous sessions in the midst of breadth that favours the bears on mixed sentiments as revealed by Investdata’s Sentiment Report showing 59% ‘buy’ volume and 41% ‘sell’ position. Total transaction volume index stood at 2.31 points, just as the impetus behind the day’s performance remained relatively strong with Money Flow Index reading 60.99 points, from the previous day’s 56.70 points, an indication that fresh funds entered the market.

To navigate the rest of the quarter and year profitably, order Investdata’s video on How to effectively combine Fundamentals and Technical Analysis to 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, checkout the video materials below.

Index and Market Caps

The benchmark index NGXASI, at the close of transactions gained 41.60bps, at 39,490.06bps, from an opening level of 39,448.46bps, representing a 0.11% up, just as market capitalization rose by N21.67bn at N20.57tr, from its opening value of N20.57tr, also representing a 0.11% value gain.

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 24 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 oscillating mood 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.

Thursday upturn was driven by price appreciations in Dangote Cement, GTCO, Zenith Bank, Unilever, and Flour Mills, among others. These gains impacted mildly on Year-To-Date loss, as it reduced to 1.94%, just as loss in market capitalization YTD also dropped to N481.87bn, representing a 2.29% decline from its opening value for the year.

Bearish Sector Indices

Performance indexes across sectors were bearish, except for the NGX Industrial goods that closed 0.35% higher, while the NGX Insurance Index led the decliners, after shedding 1.80%, followed by Banking, Oil/Gas and Consumer goods with 0.24%, 0.23% and 0.02% respectively.

Market breadth turned significantly negative, with losers outnumbering gainers in the ratio of 24:8, while transactions in volume and value terms were up as stockbrokers traded 570.2m shares worth N2.28bn, compared to the previous day’s 181.42m units valued at N2.09bn. The day’s volume was largely driven by trades in Honeywell Flourmill Plc, Vitafoam, and FCMB.

Honeywell Flourmill and Wema Bank were the best-performing, after the consumer goods maker gained 10% to hit a new 52-week high, while the bank chalked 3.95%, closing at N1.87 and N0.79 per share respectively on the strength of impressive Q1 numbers and market forces. On the flip side, SFS REIT and Tripple Gee lost 9.99% and 9.28% respectively, closing at N61.75 and N0.88 per share, on selloffs and profit-taking.

Market Outlook

We expect the mixed trend to continue on profit booking and repositioning in value and growth stocks on the strength of half-year earnings reports, while investors continue their portfolio reshuffling and studying of the corporate earnings ahead of the July inflation, and Q2 GDP data release, as well as results from interim dividend-paying banks. Also, investors are still observing the interplay of market forces following recent developments in the FX market with the decision to stop the sale of US$ to BDC operators. The day’s mixed volume suggests that smart money is taking advantage of the oscillating trend and relatively low prices to reposition. It is noteworthy that oil price continues to oscillate in the international market; corporate actions, as well as the interim dividend possibilities,are around the corner.

We note also that some stocks are trading within their buy ranges to become more attractive at this point for income investors and traders, even as the market anticipates positive news, while oil price continues to oscillate above $68pb to support the global economy and stock market recovery across climates. We also expect the ongoing COVID-19 vaccination to support global and domestic economic recovery that will enhance the market and give direction.

The banking sector and others remain attractive on the back of the prevailing low prices, despite the mixed half-year earnings.

Again, the way to go is: Target dividend-paying stocks and fundamentally sound companies with growth prospects in 2021 and beyond, looking the way of mispriced equities ahead of interim dividend announcement and last quarter economic activities. This is especially given that despite the seeming improvements, fixed income yield continues to offer a negative real rate of return due to the galloping inflation.

However, the strong and faster recovery may continue, depending on market forces, going forward, as propelled by expected Q2 earnings reports, until the next MPC meeting next month.

Meanwhile, the home study packs on Comprehensive Stock Market trading course video, INVEST 2021 New Opportunities & New Paths To Profits Summit materials and 10 Golden Stocks for 2021, Strategies and How to invest profitably in this Changing Market Dynamics/ Recession, Mastering Earnings Season For Profitable Investing and Trading in any market situation/ cycles, Life Beyond COVID 19 Investment Opportunities In The Stock Market are now available. To obtain your pack send ‘Yes’ or ‘Stock’ to 08028164085, 08179547605 now.

Ambrose Omordion

CRO|Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08179547605
https://investdata.com.ng/mixed-trend-as-investors-realign-portfolios-ahead-of-july-cpi-q2-gdp-data-release/

Reminder! Reminder!! Reminder!!!

Hello Investors and Traders,

Questions and Answers with Ambrose Omordion

will hold Saturday 14/08/2021. Time: 12:00noon

IT IS ABSOLUTELY FREE

Join Zoom Meeting
https://us02web.zoom.us/j/81293996364?pwd=eDZyeW00Wmp3eFloMEFSTkxQUXIzUT09

Or

Meeting ID: 812 9399 6364
Passcode: 029306

Ambrose Omordion

WORDS TO TRADE BY

“Courage taught me no matter how bad a crisis gets ... any sound investment will eventually pay off.”

― Carlos Slim Helu

Don't freak out over the inevitable setbacks that all investors face, especially during a crisis in the market. The market goes up, then down, then up again. Though it can be erratic at times, that's the gist of it.
Seeing a significant sell-off or pullback shouldn't spook a trader who has a solid trading plan. Stay focused on the big picture. Be more cautious and methodical, but ride out the waves. If you give in and drop out, you've admitted defeat.
If your investments' reasoning is sound, stay the course, and everything will eventually work out. Just be patient.

Sentiment Report for August 11, 2021

NGXASI buy 99% sell 1% volume index 0.77 MFI 56.70
Access buy � MFI 66.28
Afrprud buy 0% volume index 0.75 MFI 33.79
Aiico buy � volume index 1.34 MFI 41.36
Chiplc buy � volume index 1.30 MFI 20.18
Eti buy 75% sell 25% volume index 5.52 MFI 86.08
Fbnh buy � MFI 18.51
Fcmb buy 0% volume index 2.23 MFI 79.82
Fidelity buy 33% sell 67% volume index 0.76 MFI 72.62
Fmn buy 0% volume index 1.63 MFI 39.13
GTCO buy 50% sell 50% MFI 25.38
Honyflour buy 0% MFI 44.65
Jaiz buy � MFI 67.05
Jagold buy � MFI 33.44
Linkass buy � volume index 2.10 MFI 38.41
Lvstk buy 0% volume index 1.35 MFI 63.77
Mansard buy � volume index 1.41 MFI 44.12
Neimeth buy � volume index 2.50 MFI 41.94
Oando buy � volume index 0.80 MFI 38.25
Pharma buy � volume index 7.02 MFI 69.25
Sovrenins buy � MFI 25.73
Sterling buy 83% sell 17% volume index 1.55 MFI 87.40
Transcorp buy � volume index 1.30 MFI 82.21
Uba buy 0% volume index 1.02 MFI 40.16
Ucap buy 25% sell 75% MFI 49.28
UPDC buy 0% MFI 23.83
Veritas buy � MFI 22.97
Wema buy 0% MFI 20.59
Zenith buy 50% sell 50% MFI 39.18

Investdata Daily Sentiment Report

NGX: Mixed Ahead, As Investors Go Defensive, Smart Money Position On Oscillation


Market Update for August 10

The nation’s equity market rebounded powerfully on Tuesday on the strength of investors’ buying interest in telecommunication and energy stocks amid the continued portfolio reshuffling and sectoral rotation ahead of the release of macroeconomic data like the July Consumer Price Index and Q2 GDP numbers. There is also the expected release of corporate earnings of interim dividend-paying banks: Zenith Bank, Access Bank, UBA, GTCO, and Stanbic IBTC.

Also on Tuesday, the NGX index joined counterparts across the globe to close higher on positive sentiments to reverse the previous negative outing, seemingly putting aside fears of the fast raging Delta Variant of the Coronavirus. The spread of the virus had slowed down as oil prices rebounded also in the international markets after a sharp decline on Monday due to increased cases of new infections and fear of future demand for the commodity.

Back in Nigeria, we recall that the half-year earnings season beat the market and analysts’ expectations to strengthen the market and company’s fundamentals that will help influence share prices in the short and long run. These numbers have given players an insight into how to invest or trade as sector rotation and portfolio repositioning persist, even as we warn ahead that good stocks in bad sectors will suffer setbacks in the ongoing repositioning by investors.

Except for the banks awaiting the Central Bank of Nigeria’s approval of their half-year earnings, the results so far published are impressive and better than expected, with most companies outperforming the numbers they released in the comparative period of 2020. These scorecards have a way of impacting the share prices of stocks as we saw in the Oil/Gas sector when Total and Conoil, among others, released their results and their share prices rose for three or four trading sessions. We also note that earnings from other sectors like building materials, telecommunication, construction, Healthcare, and services, while that of the banking industry came mixed while insurance was below market forecast and expectation. This is linked to the change in the sector’s valuation, considering the bearish trend in the bond market as yield continues to recover.

Technically, the NGX index action is set to break out a strong resistance level of 39,210.10 basis points and a bullish channel on a new uptrend with high traded volume as of the close of trading on Tuesday. This was after it formed a saucer chart pattern that supports a continuation of the trend, which we need to confirm as the market opens for the midweek’s trading because correction is possible at this point or level. Below is the daily chart:


Meanwhile, Tuesday’s trading opened on the upside in the morning and was sustained throughout the session on buying interests in high and medium cap stocks that pushed the composite All-Share index to an intraday high of 39,198.50bps, from its lows of 38,544.57bps, after which it closed above the opening level at 39, 176.62bps on slightly positive market breadth.

Market technicals were positive and strong as volume traded was higher than that of the previous sessions in the midst of breadth that favours the bulls on strong buying sentiments as revealed by Investdata’s Sentiment Report showing 97% ‘buy’ volume and 3% ‘sell’ position. Total transaction volume index stood at 0.95 points, just as the energy behind the day’s performance remained relatively strong as Money Flow Index read 56.93 points, from the previous day’s 59.77 points, an indication that funds left the market, despite closing higher.

Despite, the change in the market trends, players should keep their gaze on companies with strong earnings power that will support their future prices. Growth and value stocks should be the attraction in the market now, considering the strength of the numbers emanating from those companies and what is happening in the FX market, because some companies are net beneficiaries of the CBN’s policy stopping the sale of foreign exchange to Bureaux De Change operators.

To navigate the rest of the quarter and year profitably, order Investdata’s video on How to effectively combine Fundamentals and Technical Analysis to 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 Market Caps

The key performance NGXASI, at the end of the day’s trading, gained a significant 609.36bps, closing at 39,176.62bps, from an opening level of 38,567.26bps, representing a 1.58% growth, just as market capitalization rose sharply by N318bn at N20.41tr, from its opening value of N20.09tr, also representing a 1.58% value gain.

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 24 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 oscillating mood 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.

Tuesday’s upturn was driven by price appreciations in high and medium cap stocks like Airtel Africa, MTNN, Access Bank, NNFM, Honeywell, Ecobank Transnational Incorporated, Oando, Fidelity Bank, Vitafoam, UBA, United Capital, and Custodian Investment, among others. These gains, expectedly, impacted positively on Year-To-Date loss, reducing it sharply to 2.72%, just as the loss in market capitalization YTD also crashed to N649.46bn, representing a 3.04% decline from its opening value for the year.

Bearish Sector Indices

Sectorial performance indexes were bearish, except for the NGX Oil/Gas that closed 0.11% higher, while the NGX Insurance Index led the decliners, after losing 0.18%, followed by Consumer, Industrial Goods and Banking with 0.09%, 0.06%, and 0.02%respectively.

Market breadth was positive, as gainers slightly outnumbered losers in the ratio of 21:20, while transactions in volume and value terms were up significantly also, with stockbrokers trading 474.53m shares worth N3.98bn, compared to the previous day’s 194.95m units valued at N1.02 billion. Volume was boosted by trades in BOC Gases, GTCO, ETI, Jaiz Bank, and FBN Holdings.

Airtel Africa and Unity Bank were the best-performing stocks during the session, as they gained 10% and 7.14%, closing at N715 and N0.60 per share respectively on the strength of market forces and sentiments. On the flip side, Juli Pharmacy and Consolidated Hallmark Insurance lost 9.01% and 6.90% respectively, closing at N1.01 and N0.54 per share, on selloffs and profit-taking.

Market Outlook

We expect the mixed trend to continue, as investors play defensive stocks and high cap companies that control an estimated 60% of the market in the face of ongoing portfolio reshuffling and interpretation of the corporate earnings ahead of the July inflation, and Q2 GDP data release, as well as results from interim dividend-paying banks. Also, investors are still observing the interplay of market forces following recent developments in the FX market with the decision to stop the sale of US$ to BDC operators immediately. The day’s mixed volume suggests that smart money is taking advantage of the oscillating trend and relatively low prices to reposition. It is noteworthy that oil price continues to oscillate in the international market; corporate actions, as well as the interim dividend possibilities around the corner.

We note also that some stocks are trading within their buy ranges to become more attractive at this point for income investors and traders, even as the market anticipates positive news, while oil price continues to oscillate above $68pb to support the global economy and stock market recovery across climates. We also expect the ongoing COVID-19 vaccination to support global and domestic economic recovery that will enhance the market and give direction.

The banking sector and others remain attractive on the back of the prevailing low prices, despite the mixed half-year earnings.

Again, the way to go is: Target dividend-paying stocks and fundamentally sound companies with growth prospects in 2021 and beyond, looking the way of mispriced equities ahead of interim dividend announcement. This is especially given that despite the seeming improvements, fixed income yield continues to offer a negative real rate of return due to the galloping inflation.

However, the strong and faster recovery may continue, depending on market forces, going forward, as propelled by expected Q2 earnings reports, until the next MPC meeting in the coming week.

https://investdata.com.ng/ngx-mixed-ahead-as-investors-go-defensive-smart-money-position-on-oscillation/

Sentiment Report for August 10, 2021

NGXASI buy 97% sell 3% volume index 0.95 MFI 56.93
Access buy � MFI 62.57
Afrprud buy 0% volume index 0.74 MFI 40.36
Caverton buy � volume index 5.03 MFI 39.28
Chiplc buy � volume index 2.13 MFI 16.97
Eti buy � volume index 9.06 MFI 81.44
Fbnh buy � volume index 1.06 MFI 23.72
Fcmb buy � volume index 1.52 MFI 76.64
Fidelity buy � MFI 64.34
Fmn buy 0% MFI 46.54
GTCO buy 0% volume index 2.62 MFI 32.07
Honyflour buy � volume index 1.05 MFI 42.07
Jaiz buy 0% volume index 1.50 MFI 64.13
Lvstk buy 0% volume index 3.56 MFI 60.17
Mansard buy 0% MFI 39.61
Mben buy � MFI 24.09
Nahco buy 0% volume index 0.82 MFI 70.41
Oando buy � MFI 36.90
Sterling buy 0% MFI 66.58
Transcorp buy � MFI 77.64
Uba buy 50% sell 50% MFI 48.13
Ucap buy � MFI 58.98
Unity buy � volume index 1.06 MFI 80.68
UPDC buy � MFI 20.75
Veritas buy � volume index 2.05 MFI 21.64
Wapco buy 43% sell 57% volume index 2.06 MFI 54.23
Wema buy 60% sell 40% volume index 0.76 MFI 29.35
Zenith buy 0% MFI 43.02

Investdata Daily Sentiment Report

NGX Begins August Positive On Sector Rotation, Despite Dicey, Mixed Outlook


Market Update for the Week Ended August 6 and Outlook for August 9-13

Nigeria’s equity market rebounded last week amidst continued portfolio repositioning and sector rotation as market players interpret recent corporate earnings to enable investment decision making. The mixed sentiment is ahead of macroeconomic data, as investors await the release of interim dividend paying banks results.

The week was characterized by activities of bargain hunter, despite Thursday’s seeming profit booking and pullback that reversed up on rekindled buyinginterests in high cap stocks and blue chips companies on the following day.

With half-year earnings beating expectations, investors remain upbeat, armed with insights into what the nation’s Q2 GDP number would look like, helped by the recently published Purchasing Managers’ Index which hit 55.4 points for the first time in 18 months in July, from 53.8 points in June according to a report by Stanbic IBTC Research. Consequently, we expect the market to continue its oscillation and volatility as investors react to these data as they realign their portfolios for profitable trading in the month and quarter, due to the changing price patterns and trading environment.

These notwithstanding, as discerning investors and traders, you should take advantage of the sectorial performance as revealed by the recent scorecards to adjust your position by selling off and buying back, depending on how demand and supply dynamics play out. So far, the most outstanding sectors, in terms of the half-year earnings performance are: Agribusiness, Industrial Goods, Healthcare, Energy, Consumer Good, Banking and Services. This is a function of demand and supply, sentiments, and earnings which are the engines that drive prices in the short to long-run.

Technical View of A Weekly Chart


Despite the mixed trends, some stocks have recorded huge gains year-to-date and most of those on the Investdata “buy & sell” signal setup, and those who attended the Q3 Master Class have benefited from the July recovery. For them, the month was really as a very rewarding one. In any equity market across the globe, superior fundamentals define leading stocks and earnings rebound has great influence on the share prices of companies, especially when positive earnings uptrend are sustained or established. Also, technically, the best of stocks distinguish themselves by their sound base chart patterns.

Profit-taking is inevitable in stock trading, and doing so at between 12% and 15%, rather than the normal 20% to 25% may be a useful strategy in the second-half of this year to avoid being trapped in any position for too long. In the next six months, the small and medium cap stocks are set to outperform their high and large cap peers, especially given that most of the high priced stocks are overpriced and over-weighted already.

As every investment or trade is against expectations, let your investment objectives guild your entry and exit decisions, since the beginning of the year 2021 the equity market has been oscillating due to a factor like the high inflation. This is regardless of the fact that it has been slowing down over the last two months, in addition to others such as the rising yields in the fixed income space, recovering oil price in the international market as above $68 per barrel.

While investors continue to watch effects of recent changes in the foreign exchange market policy announced by the Central Bank of Nigeria, the IMF has approved of $650bn in Special Drawing Rights (SDR, of which $3.4bn could be earmarked for the country based on its quota contribution and economic standing.

The SDRs are not actual currencies but assets through which IMF members can improve their balance of payment positions by exchanging all or some of their allocations for freely usable currencies of other member countries. They can also be used as a basis for seeking concessionary debt facilities from the IMF. However, given lessons from the previous year, we favour refraining from utilising our SDR allocation until a rainy day. Consequently, given the elevated oil prices and the increasing likelihood of a successful Eurobond issuance, we do not think that Nigeria is in such a dire situation to warrant a full SDR drawdown.

In assessing the materiality of the recent developments, we note that the combined planned foreign borrowing of $6.2 billion and SDR allocation of $3.4 billion amount to c.68.1% of our 2021 current account deficit forecast and 28.7% of Nigeria’s FX reserves of c.$33.5bn. Thus, there is a strong likelihood that the FX liquidity position of Nigeria will improve before the end of the year if these inflows materialise.

We highlight some of the potential impacts of the expected reserve accretion on markets below:

The spread between the parallel market and the I&E rates is likely to materially narrow in the coming months. This narrowing spread should primarily reflect sharper corrections in the parallel market rate, which is currently substantially higher than our fundamentally derived NGN/USD rate. We also expect some retail demand to flow away from the BDCs to deposit money banks, which have been recently mandated to meet legitimate dollar needs
The need for an aggressive mop-up of banking system liquidity will likely taper on projected improvement in the near-term FX liquidity position
As a consequence of points 1) and 2), we expect yields to remain near current levels until Q4’21, when the fiscal authority may have to increase issuances ahead of the N593.9 billion bond maturity in January 2022. The apex bank may also be cautious ahead of the pre-election year 2022. These, and the opportunities to earn better returns on bank placements, continue to support a short-duration strategy.
The expected improvement in FX liquidity could provide some support for equity prices. Therefore, improvements in FX conditions could positively impact sectors such as manufacturing, as FX-induced inflationary worries subside and pressures on real consumer income taper. More so, companies that rely heavily on imported raw materials or require FX for routine plant maintenances may get some reprieve.

Movement Of NSEASI

It was a positive outing on the Nigerian Exchange with the composite index recording four trading sessions of up markets and one down, halting previous week’s bear position on renewed buying interests amidst sector rotation and portfolio rebalancing.

NGX index action opened the week on a positive note, extending the previous Friday’s bull session as the benchmark NGX All-Share index gained 0.09%, which was sustained till midweek after gaining 0.81% and 0.03% respectively. It however gave up on Thursday when the key performance index pulled back on profit taking, losing 0.31% and then rebounding on Friday with the NGX index inching 0.03% again. These brought total gains for the week to 0.68%, wiping out previous week’s 0.31% loss.

Consequently, the benchmark index gained 263.67basis points, closing at 38,810.75 basis points after opening at 38,547.08bps, touching an intra-week high of 38,950.74bps from its lows of 38,532.78bps on mixed sentiments and position taking in high, medium and low cap stocks. Also, market capitalization rose by N137bn, closing at N20.22tr, compared to previous week’s N20.08tr, which also represented a 0.68% value gain.

Low and medium cap stocks dominated the advancers’ table during the period as usual, as investors continue to study corporate numbers, trend and the changing environment. Price actions revealed the presence of buyers in the market, a situation that does not reflect on the sectorial indexes. Also, during the week, Meyer Plc and Consolidated Hallmark Insurance announced interim dividend of N1.50 and two kobo respectively.

The bullish market for week did not reflect on market breadth, with losers outnumbering gainers in the ratio of 36:23, but on the sentiment report for the period which was 67% buy volume and 33% sell position. Money Flow Index was up, reading 57.03bps from the previous week’s 59.01 points, an indication that funds left the market.

NSEASI WEEKLY CHART MOVEMENT

From the opening chart, the NGX index action has formed a rectangle chart pattern of consolidation on a weekly time frame, with the candlestick formation indicating that buyers are still in charge but we need a confirmation next week to give direction, after forming a rectangle that supports a continuation of trend and reversal, after the just conclude earnings season. Already, the daily chart has confirmed indecision among traders.

Bearish Sectoral Indices

Performance across sectors were bearish, led by NGX Insurance that closed south which lost 1.65%, followed by Oil/Gas, Banking, Consumer and Industrial goods with 0.61%, 0.58%, 0.48% and 0.48% lower respectively. Activities in volume and value terms fell, as investors exchanged 989.59m shares worth N8.18bn, compared to previous week’s 1.4bn units valued at N11.82bn, with volume driven by trades in Financial Services, Conglomerates and Consumer goods, particularly Transcorp, Sterling Bank, FBNH, Zenith Bank and Wema Bank

Cutix and Regency Assurance were the best performing stocks for the week, after gaining 17.95% and 14.29% respectively, closing at N5.65 and N0.48 per share on good payout and market forces. On the flip side, Neimeth Pharm and AIICO Insurance lost 14.29% and 12.04% respectively, at N1.50 and N0.92per share, purely selloffs.

Outlook for August

On the strength of these earnings power and quality of numbers released so far, we expect to see a mixed market this week and for the rest of the month. Considering that the March accounts and half-year interim dividend qualification dates for most companies are within this month. So there will be activities as investors participate in the interim dividend. So, let us keep our eyes on market breadth and direction.

To navigate the rest of the quarter and year profitably, order Investdata’s video on How to effectively combine Fundamentals and Technical Analysis to 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, checkout the video materials below.

https://investdata.com.ng/ngx-begins-august-positive-on-sector-rotation-despite-dicey-mixed-outlook/

THE BUY AND SELL SIGNAL

Hello Investors,

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

I have added a further twist to it. This includes.
1. Low Priced Stocks to Watch
2. Stocks to lead recovery
3. Defensive Stocks
4. Dividend Stocks with Strong Yields and Fundamentals
5. Stocks to Benefit from Corona Virus-Induced Economic downturn and government Intervention
20 Stocks building new bullish base


However, you need to log in to the membership site before you can have access to it.

Kindly click on the below link now to login with your username and password

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

However, if you have not joined the buying and selling signal membership, kindly indicate your interest so that one of our team members will call you immediately on how to get started immediately

To Your Success
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P.S. You need to act fast. You know the time to wait for no one.

Questions and Answers with Ambrose Omordion as at 7th August, 2021

Hello Investors and Traders,

I just posted Questions and Answers with Ambrose Omordion as of 07/08/2021.

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=PZqO0Q7jwlo

Ambrose Omordion

Sentiment Report for the week Ended August 6, 2021

NGXASI buy 67% sell 33% MFI 57.03
Access buy 33% sell 67% MFI 73.64
Afrprud buy 0% volume index 1.15 MFI 35.38
Aiico buy 22% sell 78% volume index 2.44 MFI 15.28
Airtel buy � volume index 0.86 MFI 23.37
Ardova buy 38% sell 62% MFI 75.22
Cap buy 0% MFI 9.80
Caverton buy 0% volume index 1.73 MFI 64.86
Chiplc buy 75% sell 25% volume index 3.00 MFI 51.42
Conoil buy � volume index 1.17 MFI 70.17
Courtville buy � volume index 0.82 MFI 70.48
Custodian buy 0% volume index 2.38 MFI 88.50
Cutix buy � volume index 3.04 MFI 96.64
Dangsugar buy 45% sell 55% MFI 62.08
Eterna buy 0% volume index 0.93 MFI 67.50
Eti buy � volume index 1.40 MFI 77.14
Fbnh buy 20% sell 80% MFI 72.73
Fcmb buy 64% sell 36% volume index 1.81 MFI 76.60
Fidelity buy 67% sell 33% MFI 51.01
Fmn buy � MFI 55.83
Ftn buy 0% MFI 57.88
Glaxo buy 0% MFI 41.82
GTCO buy 0% MFI 21.28
Honyflour buy 53% sell 47% volume index 1.42 MFI 61.09
Jaiz buy 75% sell 25% volume index 1.70 MFI 25.98
Jagold buy 50% sell 50% MFI 41.05
Lasaco buy 0% MFI 47.25
Linkass buy � MFI 42.50
Lvstk buy 22% sell 78% volume index 0.75 MFI 58.86
Mansard buy 67% sell 33% MFI 47.26
Mben buy 60% sell 40% volume index 0.74 MFI 41.92
Mtnn buy 32% sell 68% MFI 40.65
Nahco buy 83% sell 17% volume index 2.12 MFI 76.12
Nascon buy � MFI 47.96
Neimeth buy 9% sell 91% volume index 3.17 MFI 30.44
Nem buy 0% MFI 54.43
Npf buy 88% sell 12% MFI 42.52
Oando buy 64% sell 36% volume index 2.27 MFI 77.47
Presco buy � volume index 1.78 MFI 61.86
Regalins buy � MFI 76.32
Royalex buy 0% MFI 32.12
Sovrenins buy � MFI 46.48
Stanbic buy � MFI 49.23
Sterling buy � volume index 2.08 MFI 26.90
Transcorp buy 33% sell 67% volume index 0.87 MFI 58.37
Uacn buy 0% MFI 66.10
Uba buy 0% volume index 0.72 MFI 60.13
Ubn buy 0% MFI 65.90
Ucap buy 25% sell 75% MFI 63.57
Unilever buy � volume index 1.16 MFI 51.31
Unity buy 0% MFI 60.68
UPDC buy 20% sell 80% volume index 1.00 MFI 54.12
Vitafoam buy 27% sell 73% MFI 73.24
Wapco buy � MFI 50.70
Wapic buy 0% volume index 0.87 MFI 40.90
Wema buy 63% sell 37% volume index 0.94 MFI 64.02
Zenith buy 0% MFI 55.27

Investdata Weekly Sentiment Report

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Mindset Wisdom: Take A Breath

If you're not breathing, you're not focused. If you’re not focused, you can’t see the market. Opportunities slide by in an instant. Hazards reveal themselves only when it’s too late.

You need to breathe. Breathing exercises have proven to reduce stress and increase focus. You're obviously breathing if you're reading this. But when you trade, you need a breathing regimen.

Whether it be through your nose, out your mouth, or counting to 10 or 100, you need to find a method that works for you.

You’ll find balance, clarity, and focus when you trade. Your heart rate will come down, and you’ll just feel better. That means you'll have the mental clarity to make better trades!

NGX Index Rebounds, Amid Mixed Trend, Reshuffling, Caution, Interim Dividend Expectation


Market Update for August 3

It was a mixed session on Nigerian Exchange Tuesday as buying interests in telecommunication stocks continued, as investors digest corporate earnings released so far, which impacted positively on the NGX index action, while awaiting those of dividend-paying banks, ahead of macroeconomic reports. The index action broke out the recent resistance level on a low traded volume, extending the market uptrend for the third successive trading session despite the negative breadth. As a result, this breakout is something the market would confirm at midweek’s trading before jumping fully into position amid lingering sector rotation and portfolio rebalancing on the higher than expected earnings reports.

It was a mixed trading session on Tuesday as highly capitalised stocks pushed the market up with more sellers and sectorial indexes were down, reflecting sustained profit-taking activities. Also noteworthy is the fact that the market indicators are signalling the onset of a new trend and entrance of funds into the market at this point. We, therefore, advise traders to trade with caution on Wednesday as we look to confirm the recent breakout, while investors should continue to study the numbers and position accordingly.

To navigate the rest of the quarter and year profitably, order Investdata’s video on How to effectively combine Fundamentals and Technical Analysis to 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, checkout the video materials below.

Tuesday’s trading started on the upside and it was sustained for the rest of the session, on position-taking among the high and low priced stocks, a situation that pushed the NGX index to an intraday high of 38,927.75 basis points from its lows of 38,604.72bps, before closing above its opening level at 38,917.99bps.

Market technicals were mixed and weak, while volume traded was lower than that of the previous day, in the midst of negative breadth and buying sentiments as revealed by Investdata’s Sentiments Report showing 97% ‘buy’ volume and 3% sell positions. Total transaction volume index stood at 0.97 points, just as energy behind the day’s performance was relatively strong, as seen in the 64.15pts Money Flow Index, compared to previous day’s 58.39pts, confirming the inflow of funds into the market as corporate earnings beat expectation.

Index and Market Caps

The benchmark NGXASI, at t the end of the day, gained 313.27 basis points, closing at 38,917.99bps, from an opening level of 38,604.72bps, representing a 0.81% growth, just as market capitalization rose by N163.22bn, closing at N20.28tr, from its opening value of N20.13tr, also representing a 0.81% appreciation in value.

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 24 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 oscillating mood 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.

The day’s upturn was driven by price appreciation by high cap telco giants- Airtel and MTNN, as well as Unilever Nigeria, and Guinness, among others, which impacted positively on Year-To-Date loss, reducing it to 3.36%, while the loss in market capitalization YTD dropped to N779.92bn, representing a 3.67% drop from its opening value for the year.

Bearish Sector Indices

Performance indexes across sectors were bearish, except for the NGX Industrial goods that was flat, while NGX Insurance index led the decliners, after losing 0.97%, followed by Banking, Consumer Goods and Oil/Gas with 0.81%, 0.26% and 0.24% respectively.

Market breadth remained negative as losers outnumbered gainers in the ratio of 21:12, while transactions in volume and value terms were mixed as stockbrokers traded 231.45m shares worth N2.13bn, compared to the previous day’s 244.29m units, valued at N1.91bn. Volume was boosted by trades in Transcorp, Jaiz Bank, Honeywell Flour, Wema Bank, and Mutual Benefits Assurance.

Also, Wema Bank and UPDC were the best-performing stocks, gaining 5.95% and 5.93%, while closing at N0.89 and N1.25 per share respectively on market forces. On the flip side, FTN Cocoa and Honeywell Flour lost 8.16% and 7.78% respectively, closing at N0.45 and N1.54 per share, on profit-taking.

Market Outlook

We expect a mixed trend while portfolio reshuffling continued as market players study and digest the corporate earnings ahead of the results expected from dividend-paying banking stocks. This is as investors continue to observe the interplay of forces following recent developments in the FX market following the Central Bank of Nigeria’s decision to stop the sale of US$ to Bureaux De Change operators. The day’s mixed volume suggests that smart money is taking advantage of the oscillating trend and relatively low prices to reposition. It is noteworthy that oil price continues to oscillate in the international market; even as corporate actions and interim dividend possibilities are around the corner.

We note also that some stocks are trading within their buy ranges to become more attractive at this point for income investors and traders, even as the market anticipates positive news, while oil price continues to oscillate above $70pb to support global economic and stock market recovery across climates. We also expect the ongoing COVID-19 vaccination to support global and domestic economic recovery that will enhance the market and give direction.

The banking sector and others remain attractive on the back of the prevailing low prices, despite the mixed half-year earnings.

Again, the way to go is: Target dividend-paying stocks and fundamentally sound companies with growth prospects in 2021, looking the way of mispriced equities ahead of interim dividend announcement. This is especially given that despite the seeming improvements, fixed income yield continues to offer a negative real rate of return due to the galloping inflation.

However, the strong and faster recovery may continue, depending on market forces, going forward, as propelled by expected Q2 earnings reports, until the next MPC meeting in the coming week.

Meanwhile, the home study packs on Comprehensive Stock Market trading course video, INVEST 2021 New Opportunities & New Paths To Profits Summit materials and 10 Golden Stocks for 2021, Strategies and How to invest profitably in this Changing Market Dynamics/ Recession, Mastering Earnings Season For Profitable Investing and Trading in any market situation/ cycles, Life Beyond COVID 19 Investment Opportunities In The Stock Market are now available. To obtain your pack send ‘Yes’ or ‘Stock’ to 08028164085, 08179547605, 08111811223 now.

Ambrose Omordion

CRO|Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08179547605
https://investdata.com.ng/ngx-index-rebounds-amid-mixed-trend-reshuffling-caution-interim-dividend-expectation/

WORDS TO TRADE BY

“Don't look for the needle in the haystack. Just buy the haystack!”

― John Bogle

Trying to find the next big trading opportunity can be frustrating. That's why some traders opt to buy the whole haystack instead of searching for the needle. To do that with the market, you can invest in index funds. Index funds allow you to buy small slices of all sorts of sectors, businesses, and markets, all in one fund.
This strategy will enable you to cover all your bases at once. So, find a few industries you've become knowledgeable in and invest in a corresponding index fund. But keep an eye on it because if one sector suddenly reverses, it can impact the overall fund.

Sentiment Report for August 3, 2021

NGXASI buy 97% sell 3% volume index 0.97 MFI 64.15
Access buy 0% MFI 51.56
Afrprud buy 33% sell 67% volume index 0.82 MFI 45.56
Aiico buy 20% sell 80% volume index 4.48 MFI 45.23
Caverton buy 60% sell 40% volume index 4.57 MFI 26.11
Chiplc buy 50% sell 50% volume index 3.48 MFI 20.28
Courtville buy � MFI 62.31
Cutix buy � volume index 0.95 MFI 64.53
Dangsugar buy 0% volume index 1.25 MFI 61.33
Eterna buy 0% volume index 0.82 MFI 72.03
Eti buy 0% volume index 2.35 MFI 65.18
Fcmb buy 67% sell 33% MFI 63.02
GTCO buy 0% MFI 53.34
Honyflour buy 17% sell 83% volume index 3.93 MFI 21.78
Jaiz buy 67% sell 33% volume index 1.43 MFI 18.75
Jagold buy 0% MFI 54.58
Lvstk buy � volume index 1.56 MFI 60.29
Mansard buy 0% volume index 0.81 MFI 36.46
Mben buy � volume index 0.70 MFI 27.47
Mtnn buy � volume index 1.33 MFI 87.32
Nahco buy 60% sell 40% volume index 2.40 MFI 65.48
Nascon buy � volume index 1.00 MFI 30.26
Neimeth buy 67% sell 33% volume index 7.86 MFI 0.00
Oando buy 71% sell 29% volume index 1.37 MFI 36.86
Sovrenins buy � MFI 39.35
Transcorp buy 0% volume index 1.13 MFI 83.36
Uacn buy 0% MFI 67.38
Uba buy 0% MFI 43.98
Unilever buy � volume index 3.69 MFI 77.31
UPDC buy 0% volume index 0.74 MFI 41.51
Wapco buy � volume index 0.97 MFI 56.40
Wapic buy 0% volume index 0.74 MFI 7.42
Wema buy � volume index 1.00 MFI 62.42
Zenith buy 0% MFI 47.80

Investdata Daily Sentiment Report

NGX Resists Decline Amidst Expectation Of Earnings From Interim Div Stocks


Market Update for August 2

Nigerian equities inched up on a mixed and volatile session to start the month of August on a positive outing and solid note as the last resistance of the Nigerian Exchange (NGX) All-Share index finally became a support level as NGX index action amidst continued uptrend for the second consecutive trading day on a less than average traded volume and negative breadth.

Even so, investors and analysts continue to study and digest the recent corporate earnings to reposition their portfolios along sectors and stocks that have posted impressive and surprising numbers. Also, these are stocks with the most upside potential on the strength of their earnings power and technical position of price action and chart pattern, a situation expected to trigger buying interests, positive sentiment, momentum, and liquidity. There are also expectations for the half-year earnings reports of interim dividend-paying banking stocks before the end of this month.

Monday’s Money Flow index on a daily chart had reversed up from 51.49p on Friday to 58.39 points to indicate that funds are still entering the market, just as other indicators have revealed a bullish session. In addition to the expectation of more interim dividends this month, there will be the inflow of economic data such as the July Purchasing Managers’ Index, Inflation report for July, and Q2 GDP from the National Bureau of Statistics that would reveal the true state of the economy.

Technically, the NGX Index and some individual stock price actions are resisting decline at different time-frames, while some sectors have broken out their resistance level on positive sentiments and impressive earnings. But due to the dicey outlook and performance of August as revealed by the 10-year historical trend of the NGX with eight years of down market and two up. This is a month to watch and trade with a reduced profit target to manage our trades and positions.

To navigate the rest of the quarter and year profitably, order Investdata’s video on How to effectively combine Fundamentals and Technical Analysis to 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.

Meanwhile, Monday’s trading opened on the upside which was sustained throughout, despite oscillating on bargain hunters taking advantage of low prices in banking stocks ahead of first-tier bank results. Whereas profit-taking continued in other stocks and sectors, a situation that pushed the benchmark index to an intraday high of 38,658.71 basis points from its lows of 38,532.78bps, before closing above its opening level at 38,604.72bps.

Market technicals were mixed and weak, while volume traded was lower than the previous day’s, in the midst of breadth favouring the bears and mixed sentiment as revealed by Investdata’s Sentiments Report showing 43% ‘sell’ volume and 56% buy positions. The total transaction volume index stood at 1.03 points, just as the impetus behind the day’s performance was relatively strong, as seen in the 58.39pts Money Flow Index, compared to the previous day’s 51.49pts, indicating inflow of funds into the market as corporate earnings beat expectation.

Index and Market Caps

At the end of Monday’s trading, the composite NGXASI gained 57.64 basis points, closing at 38,604.72bps, from an opening level of 38,547.08bps, representing a 0.16% up, just as market capitalization rose by N50.03bn, closing at N20.05tr, from its opening value of N20.13tr, also representing a 0.16% value gain.

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 24 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 oscillating mood 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.

Monday’s uptrend was attributed to position taking in banking equities and high cap stocks like MTNN, Julius Berger, Zenith Bank, Access Bank, FBNH, Unilever Nigeria, Econbank Transnational Incorporated, NASCON Allied, and Regency Insurance, among others. This impacted mildly on Year-To-Date loss, reducing it to 4.14%, while the loss in market capitalization YTD dropped to N898.34bn, representing a 4.36% drop from its opening value for the year.

Bearish Sector Indices

Performance indexes across sectors were bearish, except for the NGX Banking that was up by 0.02%, while NGX Oil/Gas index led the decliners, after losing 0.63%, followed by Consumer goods, Industrial goods, and Insurance with 0.43%. 0.30% and 0.25% lower respectively.

Market breadth remained negative as losers outnumbered gainers in the ratio of 26:17, while activities in volume and value terms dropped as traders exchanged 244.29m shares worth N1.91bn, compared to the previous day’s 387.13m units, valued at N2.14bn. Volume was boosted by trades in Transcorp, C & I Leasing, FCMB, Oando, and Sovereign Trust Insurance.

Julius Berger and NPF Microfinance were the best-performing stocks, gaining 8.89% and 8%, while closing at N24.50 and N1.89 per share respectively on brighter prospects for construction and building business and earnings expectations. On the flip side, Eterna and Neimeth Pharm lost 10% and 9.71% respectively, closing at N6.39 and N1.58per share, on profit-taking.

Market Outlook

We expect a mixed trend while portfolio reshuffling continued as market players study and digest the corporate earnings ahead of major banks results in the face of recent developments in the FX market following the Central Bank of Nigeria’s stopping sale of US$ to Bureaux De Change operators access. The mixed volume suggests that smart money is taking advantage of the oscillating trend and relatively low prices to reposition. It is noteworthy that oil price continues its oscillating in the international market, even as corporate actions and interim dividend possibilities are around the corner.

We note also that some stocks are trading within their buy ranges to become more attractive at this point for income investors and traders, even as the market anticipates positive news, while oil price continues to oscillate above $70pb to support global economic and stock market recovery across climates. We also expect the ongoing COVID-19 vaccination to support global and domestic economic recovery that will enhance the market and give direction.

The banking sector and others remain attractive on the back of the prevailing low prices, despite the mixed half year earnings.

Again, the way to go is: Target dividend-paying stocks and fundamentally sound companies with growth prospects in 2021, looking the way of mispriced equities ahead of interim dividend announcement. This is especially given that despite the seeming improvements, fixed income yield continues to offer a negative real rate of return due to the galloping inflation.

However, the strong and faster recovery may continue, depending on market forces, going forward, as propelled by expected Q2 earnings reports, until the next MPC meeting in the coming week.

Meanwhile, the home study packs on Comprehensive Stock Market trading course video, INVEST 2021 New Opportunities & New Paths To Profits Summit materials and 10 Golden Stocks for 2021, Strategies and How to invest profitably in this Changing Market Dynamics/ Recession, Mastering Earnings Season For Profitable Investing and Trading in any market situation/ cycles, Life Beyond COVID 19 Investment Opportunities In The Stock Market are now available. To obtain your pack send ‘Yes’ or ‘Stock’ to 08028164085, 08179547605, 08111811223 now.

Ambrose Omordion

CRO|Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08179547605
https://investdata.com.ng/ngx-resists-decline-amidst-expectation-of-earnings-from-interim-div-stocks/

Sentiment Report for August ,2, 2021

NGXASI buy 57% sell 43% volume index 1.03 MFI 58.39
Access buy 0% MFI 56.67
Afrprud buy � volume index 0.88 MFI 38.44
Aiico buy 44% sell 56% volume index 2.30 MFI 60.01
Chiplc buy � volume index 0.95 MFI 27.34
Courtville buy 0% volume index 1.08 MFI 63.17
Custodian buy 0% volume index 1.08 MFI 24.08
Cutix buy 10% sell 90% volume index 4.01 MFI 62.97
Dangsugar buy 0% volume index 1.37 MFI 69.39
Fbnh buy � volume index 0.70 MFI 37.79
Fcmb buy 0% volume index 3.32 MFI 63.42
Fidelity buy 0% MFI 63.16
GTCO buy 0% MFI 56.38
Honyflour buy � MFI 53.45
Jaiz buy � MFI 14.24
Jagold buy 75% sell 25% volume index 1.57 MFI 52.69
Linkass buy � volume index 0.78 MFI 17.56
Lvstk buy 44% sell 56% volume index 1.54 MFI 65.86
Mansard buy 0% volume index 0.94 MFI 31.13
Mben buy � volume index 0.76 MFI 47.73
Mtnn buy � MFI 60.60
Nascon buy � volume index 1.22 MFI 35.01
Neimeth buy 0% volume index 5.12 MFI 0.00
Npf buy � volume index 1.02 MFI 47.65
Oando buy 0% volume index 1.77 MFI 38.91
Regalins buy � MFI 36.23
Sovrenins buy � volume index 1.26 MFI 39.35
Sterling buy 0% MFI 15.96
Transcorp buy 0% volume index 2.61 MFI 85.66
Uacn buy 0% MFI 68.53
Uba buy � MFI 50.36
Ubn buy 0% volume index 1.19 MFI 71.31
Ucap buy 0% MFI 61.42
Unilever buy � volume index 1.36 MFI 69.50
UPDC buy 0% volume index 0.95 MFI 43.08
Vitafoam buy 27% sell 73% volume index 0.76 MFI 56.08
Wapco buy 0% volume index 1.00 MFI 59.08
Wapic buy � volume index 1.43 MFI 7.61
Wema buy � MFI 57.74
Zenith buy 50% sell 50% MFI 38.36

Investdata Daily Sentiment Report

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Zenith Bank CEO Seeks Increased Impact Investment For Africa At Global Summit


The Group Managing Director/Chief Executive of Zenith Bank, Ebenezer Onyeagwu, at the University of Oxford, United Kingdom, on Friday, July 30, 2021, called for increased impact investing in Africa that will enable Africa to attain its full potential.

In a keynote at the Africa Investment Risk & Compliance Summit 2021 organised by the Emerging Business Intelligence & Innovation (EBII) Group, Onyeagwu who spoke on the theme: “Leveraging Impact Investment Opportunities for Growth in Africa”, described impact investing as an investment that yields optimal returns for investors, value for all stakeholders, and guarantees continued sustenance and existence of humanity.

He decried the shallowness of Africa’s financial market as depicted by the fact that no African exchange is among the Morgan Stanley developed markets index, only two African exchanges (Egypt and South Africa) are in the MSCI Emerging Markets Index, and just six African exchanges are in the MSCI Frontier Market Index.

The Zenith Bank boss noted that although the International Finance Corporation (IFC) estimates that the global investors’ appetite for impact investing could total as much as $26 trillion, only approximately 8% of the assets of impact intent funds are focused on Africa. According to him, this is not significant enough, and Africa appears to be in the room but not on the table, considering that Africa is in dire need of investment and the continent’s 1.3bn people represent about 17% of the global population of about 7.8bn.

Citing the immense opportunities in Africa that represent enormous investment proposition for discerning investors, including the huge population, large market and active labour force, and the rich natural endowment, Onyeagwu described Africa as “the new frontier” for global growth.

He made a case for increased impact investment in Africa, noting that investment opportunities on the continent cut across agriculture, healthcare, housing, infrastructure, electricity, and the creative sectors.

Onyeagwu exuded immense optimism on the coming into effect of the African Continental Free Trade Area (AfCFTA) initiative, which would create a single, continent-wide market for goods and services, business and investment as being in one country on the continent grants investors access to the entire continent. He

Onyeagwu also called attention to Africa’s rich natural endowment, including the fact that it comprises 60% of the world’s uncultivated arable land and 9% of the world’s freshwater bodies, noting that Africa holds enormous potential for organic food production.

He, therefore, implored investors in the agribusiness value chain to focus attention in Africa for organic food production instead of genetically modified food in other climes.

Onyeagwu also noted that as a socially responsible organisation, Zenith Bank continues to promote impact investment in Africa.

For example, the bank has maintained strong advocacy for investment in Africa through its flagship sponsorship of “Inside Africa” on CNN for 16 consecutive years, which is helping to highlight the immense creativity and talent that abound on the continent and the enormous investment opportunities on the continent of Africa. He also said that the bank leverages its in-depth knowledge of the African market to guide investors and hedge their exposures. According to him, the bank has been on a steady Environment, Social and Governance (ESG) investment journey, which started with ESG integration as a business strategy as well as being a signatory to the Nigerian Principles for Sustainable Banking and the United Nations Environment Programme Finance Initiative (UNEP FI) Principles for Responsible Banking. For its efforts, Onyeagwu noted that Zenith Bank received recognition as the “Best Company in Promotion of Gender Equality and Women Empowerment in Africa” at the 2020 Sustainability, Enterprise and Responsibility Awards (SERAS).

Onyeagwu called for a paradigm shift, noting that Africa is a work in progress, and leaders in the public and private sector should not despair. He encouraged leaders to champion the changes they want to see, pay close attention to responsibility and accountability in leadership. He also called for the de-risking of Africa through reforms, improved ease of doing business, respect for the rule of law and sanctity of contract, and human capital development. Onyeagwu expressed satisfaction with the several reforms of the Federal Government of Nigeria, including the Road Infrastructure Tax Credit Scheme (RITC), the establishment of the Rural Electrification Agency’s (REA) Rural Electrification Fund (REF), InfracoPlc, and several other development finance initiatives of the Central Bank of Nigeria.

He also noted that several African countries, including Ghana, Kenya, and Rwanda, are recording massive improvements in the ease of doing business, leveraging digital technology to simplify government processes and deepen the financial system.

He implored Africans to see themselves as brothers and sisters, say no to xenophobia, and speak with one voice and not with discordant tunes. Onyeagwu implored the rest of the world to look at Africa as an investment destination that guarantees optimal returns. He noted that Africa has profound talent that abounds across the world and contributes to the development of these climes, and this should be reciprocated. He encouraged Africans to imbibe the spirit of UBUNTU – “I AM BECAUSE YOU ARE,” since we are all connected in humanity.

Zenith Bank is Nigeria’s largest and one of Africa’s largest financial institutions by tier-1 capital, with shareholders’ funds in excess of NGN1.1 trillion ($2.64 billion) as at December 31, 2020. The bank is a clear leader in the Nigerian financial space, with several firsts in the deployment of innovative products and solutions that ensure convenience, speed and safety of transactions.

Onyeagwu spoke after the special keynote address by Nana Addo Dankwa Akufo-Addo, President of the Republic of Ghana, who was the Special Guest, and Dr. Amani ABOU-ZEID, The African Union Commissioner in charge of Infrastructure and Energy, also delivered a keynote address at the Summit.

The Emerging Business Intelligence & Innovation (EBII) Group is an independent specialist compliance and global risk management consultancy firm offering education and expert consulting services to entities in the West seeking opportunities for diversification and growth in emerging markets and Africa. The Group supports African entities and governments with their risk management and compliance requirements and delivers practical and genuine support to firms by providing a comprehensive and relevant assessment of risks, enabling them to successfully navigate their risks and ensure adherence to their compliance requirements.

https://investdata.com.ng/zenith-bank-ceo-seeks-increased-impact-investment-for-africa-at-global-summit/

NGX Index Slips Lower On FX Market Concerns, Amidst H1 Earnings Influx


Market Update for July 29

The benchmark Nigerian Exchange All-Share Index slipped further on Thursday as stock prices suffered losses on profit-taking and shake out of many from their earlier positions to panic selloffs at the peak of quarterly earnings reporting season, as investors started to factor in the effects of the recent decision of the Central Bank of Nigeria (CBN) on the foreign exchange market, especially a further devaluation of the Naira.

The decline was despite, the influx of half-year corporate earnings to meet the statutory deadline for the submission of their reports.

The numbers so far released by the various companies revealed a mixed performance as some came below market expectations, especially FCMB Group, UACN, and Union Bank of Nigeria, while those of Honeywell, Lafarge Africa, Transcorp Plc, BUA Cement, Caverton, and NPF Microfinance were upbeat to sustain the uptrend that should give retail and institutional investors, whether foreign or domestic, insights into the value and growth potentials of the market as the season gradually comes to a close.

The pullbacks due to profit booking and selloffs by traders in the midst of earnings season are creating buy opportunities for discerning investors and traders, while they continue interpreting and digesting the emergent numbers, amidst portfolio realignment for the rest of the quarter and year in the new month of August. Low-priced stocks remain attractive to retail investors, even as numbers emanating from them remain impressive and likely to support their share prices, going into the future.

The anticipated fall in the nation’s currency has triggered panic in the market and economy at large, as expected, after the CBN Monetary Policy Committee decision to ban BDCs, followed by the apex bank’s announcement that those who paid the prescribed fees for licences that are pending should apply for a refund. The nation’s deposit money banks have been directed to put mechanisms in place for US Dollar sales to customers in their respective banks. Companies that have their source of raw material within, and those that have less imported material in their production process are likely to sustain their positive performance in the face of the impending Naira devaluation in the back market.

The candlestick formation pattern at the end of Thursday trading and the mixed sentiment in the face of a change in trend as the NGX index action and indicators are looking down, suggesting that this profit-taking may not endure. This is because the earnings inflow remains robust enough to support market fundamentals and stock prices, going forward.

Also, the market’s prevailing relative low Price-to-Earnings ratio at this peak of earnings season is a reflection of the value and growth potential of stock prices, especially as many analysts and companies are forecasting higher earnings for Q3. These higher-than-expected earnings will make stocks cheaper, a situation that will drive prices up in the short to long run, even as in many companies, the market is trading far below 18 times of earnings.

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Thursday trading started on the downside and it was sustained till early afternoon before oscillating on bargain hunters taking advantage of the correction to positioning in mid-cap stocks with strong Q2 numbers. Meanwhile, the continued selloffs in blue chips stocks pushed the NGX index to an intraday low of 38,356.43 basis points from its highs of 38,791.03bps, and thereafter closed below its opening figure at 38,484.82bps on a high traded volume.

Market technicals were negative as the volume traded was higher than the previous day’s, in the midst of breadth favouring the bears and mixed sentiment as revealed by Investdata’s Sentiments Report showing 70% ‘sell’ volume and 30% buy positions. The total transaction volume index stood at 1.12 points, just as momentum behind the day’s performance was relatively strong, as seen in the 53.78pts Money Flow Index, compared to the previous day’s 61.96pts, indicating that funds left the market on profit booking.

Index and Market Caps

At the end of Thursday’s trading, the composite NGXASI declined sharply by 306.21 basis points, closing at 38,484.82bps, from an opening level of 38,781.03bps, representing a 0.78% drop, just as market capitalization fell by N159.54bn, closing at N20.05tr, from its opening value of N20.22tr, also representing a 0.78% depreciation in value.

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 24 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 oscillating mood 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.

The day’s downtrend was attributed to profit-taking and selloffs in blue chips stocks like BUA Cement, GTCO, Zenith Bank, Access Bank, UBA, Fidelity Bank, FBNH, FCMB, UACN, Flour Mills, Unilever Nigeria, UBN, United Capital, NASCON Allied, Honeywell Flour and Oando, among others. This impacted negatively on Year-To-Date loss, increasing it to 4.43%, while the loss in market capitalization YTD rose to N993.89bn, representing a 4.79% drop from its opening value for the year.

Bearish Sector Indices

Performance indexes across sectors were bearish, except for NGX Insurance that was 3.24% up, while NGX Industrial Goods index led the decliners, after shedding 2.02%, followed by Energy, Banking, and consumer goods with 1.83%. 0.81% and 0.35% lower respectively.

Market breadth remained negative as losers outnumbered gainers in the ratio of 22:17, while transactions in volume and value terms increased as stockbrokers traded 259.97m worth N1.98bn, compared to the previous day’s 237.51m units, valued at N1.88bn. Volume was boosted by trades in Oando, GTCO, Jaiz Bank, Fidelity Bank, and Wema Bank.

Tripple Gee and Regency Insurance were the best-performing stocks, gaining 10% and 9.75%, closing at N0.99 and N0.45 per share respectively on market sentiment and earnings expectation. On the flip side, Oando and UACN lost 9.70% and 8.93% respectively, closing at N4.75 and N10.20per share, on profit-taking as some traders cash out gains in Oando Plc, offering opportunities for new entrants after days of scarcity and unimpressive half-year earnings from UACN, .

Market Outlook

We expect a mixed trend as influx of earnings continues on Friday, the last filing date for quarterly earnings reports of companies with December and March year-ends, just as investors also continue to study emerging numbers so far and development in the FX market, while more earnings reports hit the market. The improvement in volume suggests that smart money is taking advantage of the pullbacks and relatively low prices to reposition. It is noteworthy that oil price continues its oscillation in the international market, even as corporate actions and interim dividend possibilities are around the corner.

We note also that some stocks are trading within their buy ranges to become more attractive at this point for income investors and traders, even as the market anticipates positive news, while oil price continues to oscillate above $69pb to support global economic and stock market recovery across climates. We also expect the ongoing COVID-19 vaccination to support the global and domestic economic recovery that will enhance the market and give direction.

The banking sector and others remain attractive on the back of the prevailing low prices, despite the Q1 mixed numbers.

Again, the way to go is: Target dividend-paying stocks and fundamentally sound companies with growth prospects in 2021, looking the way of mispriced equities ahead of interim dividend announcement. This is especially given that despite the seeming improvements, fixed income yield continues to offer a negative real rate of return due to the galloping inflation.

However, the strong and faster recovery may continue, depending on market forces, going forward, as propelled by expected Q2 earnings reports, until the next MPC meeting in the coming week.

https://investdata.com.ng/ngx-index-slips-lower-on-fx-market-concerns-amidst-h1-earnings-influx/

Questions and Answers with Ambrose Omordion as of 31st July, 2021



Hello Investors and Traders,

I just posted Questions and Answers with Ambrose Omordion as of 31/07/2021.

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=EFBQyjEO3Ug

Ambrose Omordion

Sentiment Report for the month of July

NGXASI buy 69% sell 31% volume index 0.75 MFI 66.69
Access buy 50% sell 50% MFI 67.93
Afrprud buy 39% sell 61% volume index 1.09 MFI 60.79
Aiico buy 56% sell 44% MFI 82.55
Airtel buy 21% sell 79% MFI 91.61
Ardova buy 43% sell 57% volume index 0.85 MFI 73.08
Berger buy 34% sell 66% volume index 0.82 MFI 75.62
Bua buy 31% sell 69% MFI 70.14
Cadbury buy � volume index 3.60 MFI 65.25
Cap buy � MFI 44.30
Caverton buy 88% sell 12% MFI 47.25
Chams buy 0% volume index 1.12 MFI 37.19
Chiplc buy 20% sell 80% volume index 2.36 MFI 62.28
Conoil buy 0% MFI 56.97
Corner buy 80% sell 20% MFI 35.69
Courtville buy 60% sell 40% volume index 2.51 MFI 58.20
Custodian buy 33% sell 67% volume index 1.11 MFI 33.33
Cutix buy 98% sell 2% volume index 2.58 MFI 74.57
Dangcem buy 97% sell 3% MFI 75.03
Dangsugar buy 91% sell 9% MFI 52.97
Eterna buy 63% sell 37% volume index 1.71 MFI 83.43
Eti buy 42% sell 58% MFI 63.46
Fbnh buy 36% sell 64% MFI 53.51
Fcmb buy 22% sell 78% MFI 71.92
Fidelity buy 54% sell 46% volume index 1.37 MFI 52.53
Fidson buy � volume index 75.11
Fmn buy 53% sell 47% volume index 1.00 MFI 61.68
Ftn buy 77% sell 23% volume index 2.20 MFI 74.39
Glaxo buy 43% sell 57% MFI 61.01
GTCO buy 0% MFI 44.87
Honyflour buy 69% sell 31% volume index 1.34 MFI 83.42
Jaiz buy 90% sell 10% volume index 2.80 MFI 43.74
Jagold buy 67% sell 33% MFI 72.25
Jberger buy � MFI 41.53
Lasaco buy 39% sell 61% MFI 70.86
Lawunion buy 0% MFI 76.59
Learn buy 57% sell 43% volume index 4.29 MFI 65.83
Linkass buy 3% sell 97% volume index 1.69 MFI 68.90
Lvstk buy 56% sell 44% volume index 2.06 MFI 64.09
Mansard buy 23% sell 77% volume index 1.05 MFI 39.71
Maybaker buy � volume index 0.87 MFI 74.79
Mben buy 0% volume index 1.05 MFI 72.95
Mtnn buy � MFI 87.02
Nahco buy 66% sell 34% volume index 1.29 MFI 70.49
Nascon buy 7% sell 93% volume index 0.98 MFI 73.24
Neimeth buy 50% sell 50% MFI 67.74
Nem buy 17% sell 83% volume index 1.20 MFI 30.10
Npf buy 88% sell 12% volume index 1.18 MFI 52.32
Oando buy 68% sell 32% volume index 3.00 MFI 70.71
Presco buy 46% sell 54% volume index 1.53 MFI 56.09
Prestige buy 71% sell 29% volume index 1.59 MFI 52.76
Pz buy 71% sell 29% volume index 2.49 MFI 57.16
Red buy 39% sell 61% volume index 0.73 MFI 42.57
Regalins buy 12% sell 88% MFI 54.05
Seplat buy � volume index 0.88 MFI 89.69
Sovrenins buy 37% sell 63% volume index 2.05 MFI 50.40
Stanbic buy � MFI 56.58
Sterling buy 27% sell 73% volume index 0.97 MFI 54.44
Sunuass buy 0% volume index 0.92 MFI 7.13
Total buy � volume index 2.41 MFI 78.60
Transcorp buy � volume index 0.91 MFI 71.96
Uacn buy 40% sell 60% volume index 0.82 MFI 65.64
Uba buy 50% sell 50% MFI 53.56
Ubn buy 45% sell 55% MFI 27.71
Ucap buy 70% sell 30% volume index 0.98 MFI 90.54
Unilever buy 77% sell 23% MFI 56.07
Unity buy 60% sell 40% volume index 0.88 MFI 96.51
UPDC buy 54% sell 46% volume index 3.48 MFI 66.37
Upl buy 8% sell 92% volume index 1.02 MFI 48.26
Veritas buy 17% sell 73% volume index 0.72 MFI 47.81
Vitafoam buy 20% sell 80% volume index 1.52 MFI 87.25
Wapco buy 95% sell 5% MFI 67.07
Wapic buy 43% sell 57% MFI 63.23
Wema buy 73% sell 27% volume index 0.72 MFI 44.78
Zenith buy 64% sell 36% MFI 66.90

Investdata Monthly Sentiment Report

Caution, NGXASI Pulls Back Amidst Earnings Season Peak, As Investors Study 2021H1 Numbers, Devts


Market Update for July 28

The nation’s stock market had a mixed and very volatile session at the midweek, thereby extending the negative outing for the second consecutive day after recording a marginal decline as investors digest likely impacts of the Monetary Policy Committee meeting’s outcomes. Governor of the Central Bank of Nigeria and chairman of the MPC announced on Tuesday after the two-day meeting its decision to discontinue the weekly sale of to Bureax De Change operators. Were the apex bank to sell about US$110.1m at between US$5,500 to US$20,000 each BDC weekly, it will amount to US$5,72bn yearly.

The decision to stop FX sales to BDCs really makes the license less attractive and creates tighter FX liquidity in the parallel market, especially as I doubt whether the banks can really meet the demand of BDC clients, most of whom do not meet relevant CBN criteria, which banks would adhere to. Hence, this decision may further widen the spread between official and parallel market rates for FX. Even so, I think it is exigent to stop the rent-seeking and arbitrage of BDCs, who buy FX from CBN at N410, only to sell at N504.

The approach of the CBN in managing the transition will determine the ultimate impact of this decision on the economy, even as we have seen the expected knee-jack reaction in the parallel market, with a rally of USD towards N520. Investdata notes that although the recent announcement does not provide full clarity of the CBN’s approach, this move is, however, a plus for the banks in terms of improved performance and profitability.

Wednesday’s mild decline happened at the peak of earnings reporting season that had been characterized by positive scorecards, on a day when sellers had the upper hand as traders took profit from the financial sector. It was also on a day when the share prices of first-tier banking stocks recorded pullbacks ahead of their half-year earnings reports. We are seeing more companies rushing to meet the regulatory submission timeframe, and expect that market volatility will continue.

The slowdown in momentum at the end of midweek’s trading and the divergence between the NGX index action and indicators are somewhat, although it thus suggests that this profit-taking may not endure. This is because the earnings inflow remains robust enough to support market fundamentals and stock prices, going forward.

Also, the market’s prevailing relative low Price-to-Earnings ratio at this peak of earnings season is a reflection of the value and growth potential of stock prices, especially as many analysts and companies are forecasting higher earnings for Q3. These higher-than-expected earnings will make stocks cheaper, a situation that will drive prices up in the short to long run, even as in many companies, the market is trading far below 18 times of earnings.

In an environment of relatively low interest and high inflation rates, stocks historically tend to move higher on earnings performance that supports high payouts, allowing investors to hedge against soaring prices.

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Meanwhile, midweek trading opened on the upside and sustained till late afternoon before pulling back on profit-taking in banking and insurance stocks that pushed NGX index to an intraday low of 38,788.73 basis points from its highs of 38,829.61bps, and thereafter closed below its opening figure at 38,791.03bps on less than average traded volume.

Market technicals were negative and weak on Wednesday, amidst the lower volume traded than the previous day’s, in the midst of negative breadth and selling sentiment as revealed by Investdata’s Sentiments Report showing 94% ‘sell’ volume and 6% buy positions. The total transaction volume index stood at 1.02 points, just as momentum behind the day’s performance was relatively strong, as seen in the 61.95pts Money Flow Index, compared to the previous day’s 69.45pts, indicating that funds left the market on profit booking.

Index and Market Caps

The composite NGXASI, at the end of the day trading, declined slightly by 11.12 basis points, closing at 38,781.03bps, from an opening level of 38,802.15bps, representing a 0.02% drop, just as market capitalization fell by N5.79bn, closing at N20.22tr, from its opening value of N20.22tr, also representing a 0.02% value loss.

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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.

Midweek’s downturn was attributed to profit-taking in stocks like GTCO, Zenith Bank, Access Bank, UBA, Fidelity Bank, FBNH, FCMB, UACN, United Capital, Eterna, CHI Plc and Regency Insurance among others. This impacted mildly on Year-To-Date loss which inched marginally to 3.67%, while the loss in market capitalization YTD rose to N846.07bn, representing a 4.01% drop from its opening value for the year.

Mixed Sector Indices

Performance indexes across sectors were mixed, as the NGX Banking and Insurance were down by 0.96% and 0.88% respectively, while NGX Oil/Gas index led the advancers, after gaining 1.68%, followed by Consumer goods with 0.11%.

Market breadth turned negative as losers outnumbered gainers in the ratio of 24:18, while activities in volume and value terms dropped while players traded 237.51m worth N1.88bn, compared to the previous day’s 243.09m units, valued at N1.9bn. Volume was boosted by trades in Oando, UBA, Wema Bank, Access Bank, and Jaiz Bank.

Capital Hotel and Oando were the best-performing stocks, gaining 9.85% and 9.81%, while closing at N2.90 and N5.26 per share respectively on market sentiment and forces, as some investors took profit in Oando Plc, offering opportunities for new entrants after days of scarcity. On the flip side, CHI Plc and Tripple Gee lost 10% each, closing at N0.54 and N0.90 per share, on profit-taking.

Market Outlook

We expect a reversal and a mixed trend at the peak of earnings season, as investors study emerging numbers so far and development in the FX market, while more earnings reports hit the market. The improvement in volume suggests that smart money is taking advantage of the pullbacks and relatively low prices to reposition. It is noteworthy that oil price continues its oscillate in the international market, even as corporate actions and interim dividend possibilities are around the corner.

We note also that some stocks are trading within their buy ranges to become more attractive at this point for income investors and traders, even as the market anticipates positive news, while oil price continues to oscillate above $69pb to support global economic and stock market recovery across climates. We also expect the ongoing COVID-19 vaccination to support global and domestic economic recovery that will enhance the market and give direction.

The banking sector and others remain attractive on the back of the prevailing low prices, despite the Q1 mixed numbers.

Again, the way to go is: Target dividend-paying stocks and fundamentally sound companies with growth prospects in 2021, looking the way of mispriced equities ahead of interim dividend announcement. This is especially given that despite the seeming improvements, fixed income yield continues to offer a negative real rate of return due to the galloping inflation.

However, the strong and faster recovery may continue, depending on market forces, going forward, as propelled by expected Q2 earnings reports, until the next MPC meeting in the coming week.

https://investdata.com.ng/caution-ngxasi-pulls-back-amidst-earnings-season-peak-as-investors-study-2021h1-numbers-devts/

Expect Reversal, Mixed Trend, As Investors Digest MPC Outcome, Earnings Reports


Market Update for July 27

Equity prices slipped on the Nigerian Stock Exchange on Tuesday to halt five successive sessions of bull run as members of the Central Bank of Nigeria Monetary Policy Committee voted to keep the rates unchanged. Godwin Emefiele, the CBN Governor and chairman of the MPC, at the end of the meeting also announced far-reaching decisions, particularly the stopping of foreign exchange sales to Bureaux De Change operators.

Also on Tuesday, there was the expectation of more corporate earnings inflow to the market as companies rush to meet the regulatory submission deadline.

The slowdown in momentum and mixed sentiment witnessed was due to selloffs in high cap stocks and profit-taking among low-priced equities in the face of upbeat earnings already submitted. These impressive numbers emanating from listed companies are expected to support the market fundamentals and stock prices going forward.

Market players continue to digest these earnings reports while awaiting others, ahead of month-end adjustment due to portfolio rebalancing and realignments among the sectors and individual stocks with high upside potentials. We note that investors are positioning on the back of expected earnings that are likely to beat expectations and reverse the trend as more positive numbers hit the market. Examples of this scenario include Vitafoam, Livestock Feeds, and some other earnings reports that beat expectations.

Also, the market’s prevailing relative low Price-to-Earnings ratio at this peak of earnings season is a reflection of the value and growth potential of stock prices, especially as many analysts and companies are forecasting higher earnings for the Q3. This is just as these higher-than-expected earnings will make stocks cheaper, a situation that will drive prices in the short to long run. Just as in many companies, the market is trading far below 18 times of earnings.

In an environment of relatively low interest and high inflation, stocks historically, tend to move higher on earnings performance that supports high payout to enable investors to hedge against inflation.

Technically, the NGX index’s action has recently maintained an uptrend pattern to break out the second resistance level of 38,648.91 on a high traded volume after forming a double bottom heading to the third resistance line of 39,157.29 which is also a major resistance level to confirm strong upbeat and recovery. A breakout of this level will signal a new trend in Q3.

To navigate the rest of the quarter and year profitably, order Investdata’s video on How to effectively combine Fundamentals and Technical Analysis to 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.

Tuesday’s trading started on the upside before pulling back on profit-taking in highly-priced equities and insurance stocks that pushed the key performance index to an intraday low of 38,794.08 basis points from its highs of 38,882.78bps, and thereafter closed below its opening figure at 38,802.15bps on flat market breadth.

Market technicals were mixed and weak, as the volume traded was slightly lower than the previous day’s, in the midst of flat breadth on negative sentiment as revealed by Investdata’s Sentiments Report showing 91% ‘sell’ volume and 9% buy position. The total transaction volume index stood at 1.04 points, just as the energy behind the day’s performance was relatively strong, as seen in the 69.45pts Money Flow Index, compared to the previous day’s 69,76pts, indicating that funds left the market on profit booking.

Index and Market Caps

At the end of Tuesday’s trading, the benchmark NGXASI, shed 46.93 basis points, closing at 38,802.15bps, from an opening level of 38,849.08bps, representing a 0.12% drop, just as market capitalization fell by N24.46bn, closing at N20.22tr, from its opening value of N20.24tr, also representing a 0.12% depreciation in value.

Attention: If you have not signed up for INVESTDATA buy and sell signal setup, don’t delay, because the number of stocks entering their buying range has just increased to 24 as they build a new bullish base and positive chart patterns to be on our watchlist. These stocks are with double potentials to rally considering their earnings prospect and oscillating mood of the market at this earnings season.

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.

The session’s downturn was driven by selloffs and profit booking in stocks like MTNN, GTCO, UBA, UACN, Unilever, International Breweries, United Capital, Africa Prudential, NASCON Allied, and Cutix among others. This impacted mildly on Year-To-Date loss which rose to 3.65%, while the loss in market capitalization YTD rose to N816.06bn, representing a 3.99% drop from its opening value of the year.

Bullish Sector Indices

All the sectorial performance indexes were bullish, except for the NGX Insurance that was down by 0.03%, while the NGX Oil/Gas index led the advancers, after gaining 1.99%, followed by Banking and Consumer goods with 0.21% and 0.11% higher respectively. While Industrial goods was flat.

Market breadth was at par as gainers were equal to losers in the ratio of 20:20, while transactions in volume and value terms were down as stockbrokers traded 243.09 million worth N1.90bn compared to the previous day’s 246.56m units, valued at N2.24bn. Volume was boosted by trades in Access Bank, Wema Bank, UPDC, UACN, and UBA.

Oando and Champion Breweries were the best-performing stocks, gaining 9.86% and 9.00%, closing at N4.79 and N2.30 per share respectively on market expectation and forces. On the flip side, UPDCREIT and Unity Bank lost 6.67% and 6.45% respectively, closing at N5.60 and N0.58per share, on selloff and profit-taking.

Market Outlook

We expect a reversal and mixed trend as the market players digests the outcome of the MPC meeting and earnings released so far, as more earnings reports hit the market in the bid to meet the regulatory deadline for submission. The improving volume suggests that smart money is taking advantage of the prevailing and relatively low prices to reposition. It is noteworthy that oil price continues its oscillate in the international market, even as corporate actions and interim dividend possibilities are around the corner.

We note also that some stocks are trading within their buy ranges to become more attractive at this point for income investors and traders, even as the market anticipates positive news, while oil price continues to oscillate above $69pb to support global economic and stock market recovery across climates. We also expect the ongoing COVID-19 vaccination to support the global and domestic economic recovery that will enhance the market and give direction.

The banking sector and others remain attractive on the back of the prevailing low prices, despite the Q1 mixed numbers.

Again, the way to go is: Target dividend-paying stocks and fundamentally sound companies with growth prospects in 2021, looking the way of mispriced equities ahead of interim dividend announcement. This is especially given that despite the seeming improvements, fixed income yield continues to offer a negative real rate of return due to the galloping inflation.

However, the strong and faster recovery may continue, depending on market forces, going forward, as propelled by expected Q2 earnings reports, until the next MPC meeting in the coming week.

https://investdata.com.ng/expect-reversal-mixed-trend-as-investors-digest-mpc-outcome-earnings-reports/