₦airaland Forum

We have a private and public bar filled with drinks from your favorite brands for your refreshment.
With Cheekers Inn, we value the happiness of our guests.

We have ensured to put in place modern facilities to the comfort of our guests, with the expectation of repeat patronage.

Check-in with us today at Cheekers Inn today.!

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

LET'S TALK FOOD Shall We?

What Makes Lentil Soup So Good

As is my goal with most recipes I make for healthy yummy food, this crockpot lentil soup was made for real life. Because it has literally become a recipe I and my family so much adore.

When preparing Lentil Soup, we start with a solid base: onions, garlic, carrots, celery, spices, salt, and broth.

Then we spice the Lentil Soup to make it tasty and delicious by adding butternut squash, which partially melts into a creamy textured miracle, lentils (always lentils), and yellow split peas because of the WOW color.

After all, this simmers up into the best house smells, and then we do the magic thing that takes it over the top: pure a portion of the soup with that olive oil to form a silky emulsion that then gets added back into the soup.

I ended mine with a splash of sherry and red wine vinegar because I am currently having a moment with tangy foods.

https://healthyyummyfoods.com/index.php

Not only are our rooms rates affordable, installed with comfortable beds, flat-screen tv, private bed, free parking space, and air conditioning, but we also offer guests with 24/7 power supply and customers service delivery.

Check-in with us today at Cheekers Inn today.!

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

Contestants showcasing their cooking skills at the just concluded Teens Can Cook Competition held in 2021. Each group was tasting to creatively prepare a recipe with pasta,

Start now!
Register today at the second edition of the Teens Can Cook Competition coming up March 2022and compete to stand a chance to win an all-expense-paid trip to the UK.

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

Teens Can Cook, uncovering the prominence chef in you.


https://www.youtube.com/watch?v=D8iRm23aSYM

Contestants showcasing their cooking skills at the just concluded Teens Can Cook Competition held in 2021. Each group was tasting to creatively prepare a recipe with pasta,

Start now!
Register today at the second edition of the Teens Can Cook Competition coming up March 2022and compete to stand a chance to win an all-expense-paid trip to the UK.

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

Teens Can Cook, uncovering the prominence chef in you.


https://www.youtube.com/watch?v=D8iRm23aSYM

At Talks Ventures Ltd, we have experienced and trained chefs who are working round the clock to ensure we meet our customer's orders on our various products and services.

Our recipes come with tasty foods and snacks to our customer's delight.

You can book our services for any of the listed events;
• Birthday Party,
• Wedding Party,
• Banquets.
• Surprise party.
• Dinner party.
• Garden party.
• Cocktail party
• Graduation Party
• Business Party
• Bachelor party
Etc

You can also hire our chef for you privately to cook different foods for you and your guest depending on the occasion.

Give us a call today!

Phone: 07447785210 | +447483344459
Website: www.talksventures.com

Capital Market Review Assessing Equities Performance, Challenges

Hello Investors and Traders,

I just posted CAPITAL MARKET REVIEW ACCESSING EQUITIES PERFORMANCE AND CHALLENGES

Share with me what you think about the VIDEO.

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=ZytLZ5oGKG0

Ambrose Omordion

Sentiment Report for January 17, 2022

NGXASI buy 2% sell 98% MFI 75.05U
Access buy 0% MFI 81.50U
Aiico buy 0% MFI 55.31D
Buacmt buy 47% sell 53% volume index 2.62 MFI 57.74U
Corner buy 0% volume index 2.86 MFI 42.23D
Courtville buy 0% MFI 9.03D
Cutix buy 17% sell 83% volume index 1.13 MFI 36.21D
Eterna buy 0% volume index 4.10 MFI 95.48U
Eti buy � MFI 35.05U
Fcmb buy � MFI 41.16D
Fidelity buy 63% sell 37% volume index 1.80 MFI 77.64U
Fidson buy 0% volume index 2.25 MFI 85.44U
Ftn buy 0% volume index 0.80 MFI 8.42D
GTCO buy 0% volume index 1.83 MFI 12.11D
HFM buy 0% volume index 1.40 MFI 36.57U
Jaiz buy 0% MFI 45.18D
Lvstk buy 0% volume index 1.26 MFI 63.33D
Mben buy 0% volume index 0.83 MFI 26.48D
Neimeth buy 0% volume index 5.36 MFI 43.71U
Oando buy � volume index 2.34 MFI 39.64D
Pz buy � volume index 1.80 MFI 84.88D
Royalex buy � volume index 0.80 MFI 68.52D
Sovrenins buy � volume index 0.84 MFI 62.92U
Sterling buy 80% sell 20% MFI 66.18D
Transcorp buy 14% sell 86% volume index 1.80 MFI 75.11D
Uacn buy 0% MFI 88.57D
Uba buy 50% sell 50% MFI 69.18D
Ucap buy 0% MFI 68.02U
Unilever buy � volume index 1.00 MFI 39.00D
Wema buy � MFI 71.67D
Zenith buy � volume index 1.76 MFI 76.64D

Investdata Daily Sentiment Report

Stock review opportunities in the oil sector and others

Hello Investors and Traders,

I just posted STOCK REVIEW-OPPORTUNITIES IN THE OIL SECTOR AND OTHERS

Share with me what you think about the VIDEO.

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=vp3ILF5apSQ

Ambrose Omordion

Quote of the day

“One small positive thought can change your whole day.”

– Zig Ziglar

Quote of the day

“Desire is the key to motivation, but it’s determination and commitment to an unrelenting pursuit of your goal — a commitment to excellence — that will enable you to attain the success you seek.”– Mario Andretti

“Never give up on what you really want to do. The person with big dreams is more powerful than one with all the facts. ”
– Albert Einstein

“Begin the week with momentum and you’ll look back with great satisfaction on all you achieved.”
– Skip Prichard

“If your actions inspire others to dream more, learn more, do more and become more, you are a leader.”
— John Quincy

Visit us this weekend and every other weekend to have a refreshing time. Be sure to be entertained 24/7 with songs from your favorite artist.

You can also join us to watch every match from your football team. Let's cheer the Nigeria Super Eagle to victory today as we face Sudan in the ongoing AFCON 2021 group stage matches.

Check-in with us today at Cheekers Inn
Phone: +2348141130809, +2348087216257, +2348153043876
Address: 45B, Marine Road Apapa, 2nd Badagry GRA, Lagos
Website: https://cheekersinn.business.site

“Your competition is not other people but the time you kill, the ill will you create, the knowledge you neglect to learn, the connections you fail to build, the health you sacrifice along the path, your inability to generate ideas, the people around you who don’t support and love your efforts, and whatever god you curse for your bad luck.” – James Altuche

“Success is no accident. It is hard work, perseverance, learning, studying, sacrifice and most of all, love of what you are doing or learning to do.” – Pele

Talks Ventures Ltd is a foremost catering and event planning company offering over 20 years of culinary services to individuals, private and public organizations in the UK. We are working to expand our services in Togo, Nigeria, Kenya, Ghana, and the USA.

We pride ourselves on an exceptional team of seasoned chefs who are dedicated and skilled in the art of cooking. We offer other professional services such as catering training, job recruitment for agencies, hospitality consultancy, skill acquisition foundation to teens.

We have worked for renowned celebrities such as Gordon Ramsay, Lennox Lewis, U.K. Ross Kemp, Ainsley Harriot, Snoop Dogg group, etc.

We are equipped to handle catering services such as;

* Catering Services for Birthday Parties
* Wedding Catering Services
* Company Catering Services
* Wedding Catering Services
* Cocktails Party Catering Services
* Graduation Ceremony Service Catering
* Anniversary Party Service Catering
Etc.

OUR PARTNERS
Talk Ventures knows that partnering with leading organizations that share our goal will drive our brand globally, that’s why we have aligned with Spectra Industries to focus on lifelong learning.”Boram Oil Limited, Dufil Industries Limited, Teens Can Cook Foundation, Healthy Yummy Food Blog.

Our chefs are working effortlessly in introducing new nutritious and exciting recipes to our client's delight.

Contact us today for your events.

Phone: 07447785210 | +447483344459
Website: www.talksventures.com

Investors Gain N403 83bn as NGX Share Index Jump by 1.7%

Hello Investors and Traders,

I just posted INVESTORS GAIN N403.83BN AS NGX-SHARE-INDEX JUMP 1.71%

Share with me what you think about the VIDEO.

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=bZZ3Wag4pcc

Ambrose Omordion

We value the importance of having a comfortable place to relax after each busy day at work and for the weekend getaway. We at Cheekers Inn have instilled modern facilities in all our rooms to ensure you have that feeling of home when lodging with us at Cheekers Inn Apapa, Lagos.

We look forward to your patronage.

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

We thank you for your continual support and the patronage of Cheekers Inn for the past 3 years that we have been in operation in Nigeria.

We are still open and committed to providing standard and quality hospitality services when called upon and offer 24/7 customer service to ensure your stay with us is memorable.

We look forward to a promising 2022 with new deals and upgrade of our various facilities.

Phone: +2348141130809, +2348087216257, +2348153043876
Website: https://cheekersinn.business.site

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

Present the second edition of the teens can cook competition

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

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

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

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

SEMIFINAL
Entertain Calling & Sms from Audience
17th February 2022

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

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

The registration form is N5,000

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

Prizes to be won are

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

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

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

What are you waiting for? Hurry up now to register

Teens Can Cook uncovering the prominence chef in you

https://www.youtube.com/watch?v=msJhP54DXE4

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

Present the second edition of the teens can cook competition

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

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

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

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

SEMIFINAL
Entertain Calling & Sms from Audience
17th February 2022

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

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

The registration form is N5,000

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

Prizes to be won are

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

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

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

What are you waiting for? Hurry up now to register

Teens Can Cook uncovering the prominence chef in you

https://www.youtube.com/watch?v=msJhP54DXE4

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

Present the second edition of the teens can cook competition

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

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

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

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

SEMIFINAL
Entertain Calling & Sms from Audience
17th February 2022

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

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

The registration form is N5,000

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

Prizes to be won are

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

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

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

What are you waiting for? Hurry up now to register

Teens Can Cook uncovering the prominence chef in you

https://www.youtube.com/watch?v=msJhP54DXE4

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

Present the second edition of the teens can cook competition

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

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

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

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

SEMIFINAL
Entertain Calling & Sms from Audience
17th February 2022

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

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

The registration form is N5,000

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

Prizes to be won are

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

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

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

What are you waiting for? Hurry up now to register

Teens Can Cook uncovering the prominence chef in you

https://www.youtube.com/watch?v=msJhP54DXE4

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

Present the second edition of the teens can cook competition

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

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

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

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

SEMIFINAL
Entertain Calling & Sms from Audience
17th February 2022

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

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

The registration form is N5,000

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

Prizes to be won are

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

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

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

What are you waiting for? Hurry up now to register

Teens Can Cook uncovering the prominence chef in you

https://www.youtube.com/watch?v=msJhP54DXE4

Uptrend May Linger On NGX, As Speculators Buy Into BUA Foods, Reposition Portfolios


Market Update for January 6


The bull transition on the Nigerian Exchange persisted on Thursday, as the key performance NGX All-Share Index closed higher on a lower traded volume, but amidst positive market breadth and strong buying pressure as indicated by investors’ vibes a 100% buy position at the end of trading.


Despite, the seeming profit taking across the sectoral indexes, the buying interests in banking stocks ahead of 2021 financial reports, pushed the market up to sustain the bullish momentum, especially against the backdrop of this sector being the most consistent in dividend payment.

It is equally the most active in trading volume that supports short and long term investment objectives in any market cycle.


With investors and analysts expecting unaudited Q4 results to start hitting the market any moment from next week, they are also likely to start positioning in companies with high dividend yields and prospect of growing their earnings power in the future, and are thereby able to support their price and ensure higher payouts.

These, also will support the speculative moves in the market as more players return from their yuletide holidays, and the Q4 unaudited numbers give insight as regard the positions of various companies, and their dividend payment capacity on the strength of the expected numbers.
Trading metrics for the session show investors’ buying interests in BUA Foods, Academy press, Lafarge Africa, and financial sector stocks. We note also, foreign players interest in Airtel Africa and Seplat Energy that remain high, while local investors are concentrate on dividend paying stocks that are undervalued, but have high upside potentials, like Access Bank, Zenith Bank, United Capital, Lafarge, UBA, Union Bank of Nigeria, FidsonbHealthcare, GSK, May/Baker and others.


Technically, the NGX index’s action broke out its recent resistance of 43,548.28 on a light volume, while recovery and bull transition continued as revealed by the candlestick at the end of Thursday’s trading, with investor sentiments looking up.

The benchmark index closed the session above its 20 and 50-Day Moving Average. Momentum indicators for the day were positive and mixed, just as the ADX is reading 23.22, RSI above 50 at 67.17 and Money Flow Index slight down at 61.22 points on the daily chart. The continuation of this trend depends largely on the interplay of market forces and inflow of funds into the equity space as fixed income market yields direction remains unclear and flat.
Thursday’s trading opened slightly in the upside before pulling back at midday, and then rebounded throughout the session on buying interests in high, medium and low cap stocks, which pushed the NGX index to an intraday high of 43,607.94 basis points, from its lows of 43,145.77bps. Thereafter, the index closed above its opening point at 43,607.94bps.


Market technicals were positive and mixed, with volume traded lower than the previous day’s in the midst of positive breadth and buying sentiment as revealed by Investdata’s Sentiment Report showing 100% buy volume. The total transaction volume index stood at 0.53 points, just as the impetus behind the day’s performance remained relatively strong. Money Flow Index slipped at 61.22 points, from the previous day’s 62.00points.


For you to successfully invest and trade in this market, order for Investdata’s video on Buy & Sell Technical Analysis Toolbox to navigate the rest of the year profitably, enhance trading decisions and boost your bottom line.

Also, to up your game in stock trading and investing, understanding the key to trading price and index action will go a long way to make the difference in your trading results, check out the video materials below.


Index and Mkt Cap Movement
The benchmark index, at the end of Thursday’s trading, gained 131.19 basis points, at 43,607.94bps after opening at 43,476.75bps, representing a 0.30%up, just as market capitalization rose by N70.69bn to N23.50tr, from the opening value of N23.43tr, also representing 0.30% 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 30 as they build a new bullish base and positive chart patterns to be on our watchlist.

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


This session’s upturn was driven by buy interests in BUA Foods, UACN, UBN, Livestock Feeds, Lafarge, Ucap, NGX Group, Access Bank, FBNH, Zenith Bank and UBA, among others. This impacted positively on the Year-To-Date gain, raising it to 2.09%. Market capitalization growth stood at N1.53tr YTD, representing a 5.08% from the opening level for the year.
Bearish Sector Indices
Performance indexes across the sectors were down, except ffo the NGX Banking index that closed 0.44% higher, while the NGX Insurance index led the decliners, after losing 1.35%, followed by Energy, Industrial and Consumer Goods with 0.90%, 0.39% and 0.12% respectively.
Market breadth was positive as advancers outnumbered decliners in the ratio of 24:13, while activities in volume and value terms were significantly down as investors exchanged 174.61m shares worth N2.13bn, compared to the previous day’s 1.24bn units valued at N42.97bn. Volume was driven by trades in FBNH, UBA, Transcorp, BUA Foods and Zenith Bank.
BUA Foods and Academy Press were the best-performing stocks after gaining 10% and 9,09% respectively, closing at N48.40 and N0.60 per share respectively as positive
sentiments for the newly listed food company. On the flip side, Sunu Assurance and NEM at 9.76% and 7.78%, closing at N0.37 and N4.15 per share, purely on selloffs.


Market Outlook
We expect uptrend to continue on speculative buying into the newly listed food company and repositioning in dividend paying stocks ahead of 2021 Q4 and full year unaudited earnings reports that may start hitting the market any moment from next week.

Already, two companies made their corporate actions available to the market, announcing a growth in their dividend payout to reflect the numbers posted. Also, inflow into equity space is looking up slowly on changing investment decision to keep this trend ahead of new year holiday. As market players digest economic data and happenings in fixed income market after the NGX index action retraced to trade above its 50-Day Moving Average on a low buy volume in the face of assets rebalancing and seasonality likely to influence stock prices ahead of year-end window dressing.


The relatively low volume traded in the midst of retracement is creating new buy opportunities on the strength of the Q3 numbers. Also, candlestick formation and volume traded during the session revealed that institutional players are not buying yet. It is equally noteworthy that during a ranging market many players seat on the fence waiting for a breakout or down before jumping into any position. Even as many stocks are trading within their buy ranges, a situation expected to attract more funds into the stock market, given the Dividend Yield capable of serving as a hedge against inflation

Meanwhile, the home study packs on Comprehensive Stock Market trading course video,Stock Market Analysis Beyond Fundamental & Technical Analysis, 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.


https://investdata.com.ng/uptrend-may-linger-on-ngx-as-speculators-buy-into-bua-foods-reposition-portfolios/

Expect Uptrend On Buying Interest In BUA Foods, Rising Oil Prices

Market Update for January 5
Trading activities on the Nigerian Exchange continued its positive outing for the second consecutive session in the new year, as the benchmark All-Share index closed higher on buying interests in high cap equities and the newly listed BUA Foods, thereby sustaining the positive sentiment on a very high traded volume recorded in recent times in the market. This time, there was a positive market breadth.

The recent moves in the market and investors vibes signal the high possibility of this month defying the usual January effect and maintaining the positive performance recorded over the last two years. The month has historically posted gains in seven of the last twelve years, including pre-election years, recording losses in the other five within the period. This rally in the first month of the new year resulted from many factors ranging from market sentiments and performance in the previous year, market expectations in Q1, as well as investors’ and traders’ positioning for dividend paying stocks ahead of the Q4 unaudited accounts and 2021 full-year financials that comes with surprises in form of rewards for shareholders. The chart below reveals NGX January performance till date:


Trading metrics for the session show investors’ buying interest in BUA Foods as trades on the stock commenced at the midweek after listing it’s entire 18b ordinary shares at N40 each in the previous session, with more than one billion units of the stock exchanging hands for the day. Gains by Airtel Africa, Seplat Energy, Access Bank and others pushed the market up to sustain the previous day’s bull-run, despite the fact that most institutional investors and fund managers are still in the holiday mood. Also, on Wednesday, traders took profit in Zenith Bank, GTCO and FBNH, regardless of the seeming high volume traded in those equities.

At midweek’s trading, energy and telecomm stocks witnessed a positive buying sentiment by local and foreign players, especially in Airtel, Seplat, Oando, NB and GTCO, while bids in MTNN, Dangote Cement and other high cap stocks were relatively weak.

Technically, the NGX index’s action broke out its recent resistance of 43,162.17 on a huge volume to strengthen its recovery and bull transition as revealed by the candlestick at the end of the day’s trading, with investor sentiments rising higher, while the index closed the session above the 20 and 50-Day Moving Average. Momentum indicators for the day were positive, just as the ADX is reading 21.96, RSI above 50 at 65.85 and Money Flow Index looking up at 60.00 points on the daily chart. The continuation of this trend depends largely on the interplay of market forces and inflow of funds into the equity space as fixed income market yields direction remains unclear and flat.

Meanwhile, Wednesday’s trading started slightly in the green before pulling back at the midday, and rebounded for the rest of the day on buying interests in BUA Foods and Airtel, which pushed the NGX index to an intraday high of 43,476.75 basis points, from its lows of 42,479.57bps. Thereafter, the index closed above its opening point at 43,476.75bps.

Market technicals were positive and strong as volume traded was higher than the previous day’s in the midst of breadth favouring the bulls on a buying pressure as revealed by Investdata’s Sentiment Report showing 100% buy volume. The total transaction volume index stood at 3.58 points, just as the impetus behind the day’s performance remained relatively strong. Money Flow Index was up at 62.00 points, from the previous day’s 50.72points.

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Index and Mkt Cap Movement

At the end of the day’s trading, the composite NGXASI, gained 450.51 basis points, at 43,476.75bps after opening at 43,026.23bps, representing a 1.05% growth, just as market capitalization rose by N242.75bn, closing at N23.43tr, from the opening value of N23.18tr, also representing 1.05% appreciation in value.

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Midweek’s upturn was driven by buy interests in BUA Foods, Airtel, Seplat, Oando, Lafarge Africa, Access Bank, Fidson, Ardova, Eterna, Honeywell, May and Baker, among others, which impacted positively on Year-To-Date gain, raising it to 1.78%. Market capitalization growth stood at N1.51tr YTD, representing a 4.08% from the opening of the year.

Bearish Sector Indices

Performance indexes across the sectors were mixed, as NGX Oil/Gas and Insurance index closed 3.12% and 0.85 higher, while the NGX Industrial Goods led the decliners, after losing 2.42%, followed by Banking and Consumer Goods with 0.50% and 0.02% respectively.

Market breadth turned positive as advancers outnumbered decliners in the ratio of 22:17, while transactions in volume and value terms were significantly up as stockbrokers traded 1.24bn shares worth N42.97bn, compared to the previous day’s 216.85m units valued at N1.52. Volume was driven by trades in BUA Foods, Wema Bank, Transcorp, NGXGroup and UBA.

Airtel Africa and BUA Foods were the best-performing stocks after gaining 10% each, closing at N1,050.50and N44 per share respectively as investors reacted to the news of property sale to boost network expansion, and sentiments for the newly listed stock. On the flip side, Unity Bank and Royal Exchange Assurance lost 9.62% and 9.41%, closing at N0.47 and N0.77 per share, purely on selloffs and profit taking.

Market Outlook

We expect uptrend to continue on speculative buying in BUA Foods and impact of oil price hitting $80 again in the face of omicron and reopening of some economy. Just as repositioning in dividend paying stocks ahead of 2021 Q4 and full year unaudited earnings reports that may start coming in any moment from next week. Already, two companies made their corporate actions available to the market, announcing a growth in their dividend payout to reflect the numbers posted. Also, inflow into equity space is looking up slowly on changing investment decision to keep this trend ahead of new year holiday. As market players digest economic data and happenings in fixed income market after the NGX index action retraced to trade above its 50-Day Moving Average on a low buy volume in the face of assets rebalancing and seasonality likely to influence stock prices ahead of year-end window dressing.

The relatively low volume traded in the midst of retracement is creating new buy opportunities on the strength of the Q3 numbers. Also, candlestick formation and volume traded during the session revealed that institutional players are not buying yet. It is equally noteworthy that during a ranging market many players seat on the fence waiting for a breakout or down before jumping into any position. Even as many stocks are trading within their buy ranges, a situation expected to attract more funds into the stock market, given the Dividend Yield capable of serving as a hedge against inflation

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Ambrose Omordion

CRO|Investdata Consulting Ltd
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08179547605
https://investdata.com.ng/expect-uptrend-on-buying-interest-in-busla-foods-rising-oil-prices/