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Expect Mixed Trend, Profit Taking, Momentum Investing, Positioning On Q3 Reports


Market Update for November 9

On Tuesday, transactions on the Nigerian Exchange remained upbeat, but on a reduced momentum as the composite All-Share index extended its bull-run for a third consecutive session, on above-average traded volume in the midst of positive breadth. There was also the impact of increased buying interests across the major sectors, except for insurance that witnessed some profit-taking activities during the session.

The positive sentiment and vibes supported the NGX index to close higher ahead of 2018 resistance level, as its counterparts across the globe recorded mixed performance on inflationary concerns and infrastructural bills that had impacted crude oil prices positively as it rebound at the international market.

Technically, the NGX index’s action has sustained its markup phase and is now set to break out a major strong resistance level of 43,921.17 basis points on price appreciation of high cap tech stocks and others. Also, momentum indicators have confirmed an uptrend with bullish MACD, positive RSI, and money flow index looking up on a daily chart, just as the possibility of a bull spike for the rest of the year and in 2022 is high after market players finish digesting the recently released earnings reports. We note that the market is set to break out its 2008 resistance level of 45,921.17bps if these positive vibes continue.

However, these strong earnings, interim corporate actions, and the level of liquidity in the equity space will determine the extent of the market rally when it rebounds from this pullback. Already too, all eyes are on happenings as regards the global inflation rates and oil prices currently oscillating around $84 per barrel; on the impact of the drop in oil consumption by China, as OPEC holds on to supply. So far, the direction of yields in the fixed income market remains unclear.

Tuesday’s trading started slightly on the upside which was sustained throughout the session before oscillating on buying interests in blue-chips and some profit-taking that pushed the NGX index to an intraday high of 43,730.89 basis points where it closed above its opening level, from a low of 43,242.15bps.

Market technicals for the day were positive and mixed with lower volume traded than the previous day’s in the midst of breadth favouring the bulls on positive sentiments as revealed by Investdata’s Sentiment Report showing 92% bull volume and 8% sell position. The total transaction volume index stood at 0.79 points, just as momentum behind the day’s performance remains relatively strong, Money Flow Index looking up at 68.07 points, from the previous day’s 63.07 points, indicating that funds entered the market.

To navigate the rest of the month and year profitably, order Investdata’s video on Buy & Sell Technical Analysis Toolbox to navigate the rest of the month and year profitably 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 Mkt Cap Movement

The benchmark index NGXASI, at the end of the session, gained 483.58 basis points, closing at 43,730.55bps after opening at 43,246.87bps, representing a 1.12% growth, just as market capitalization rose by N252.41bn, closing at N22.82tr, from the opening value of N22.57tr, also representing 1.12%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 recovery move of the market at this time.

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

Tuesday’s upturn was driven by buy interests in Airtel Africa, MTN Nigeria, Flour Mills, United Capital, Lafarge Africa, NGX Group, FTN Cocoa, Fidelity Bank, and Livestock Feed, among others, which impacted positively on Year-To-Date gain, which increased to 8.59%. Market capitalization stood at N1.75tr YTD, representing an 8.15% growth from the year’s opening value.

Bullish Sector Indices

Sectoral performance indexes were bullish, except for the NGX Insurance index which closed 0.28% lower, while the NGX Industrial Goods index led the advancers after crawling 0.21% up, followed by Consumer Goods, Energy, and Banking with 0.21%, 0.12%, and 0.07% respectively.

Market breadth was positive, as advancers outnumbered decliners in the ratio of 24:16, while activities in volume and value terms were down after stockbrokers traded 280.71m shares worth N3.48bn, compared to the previous day’s 443.61m units valued at N5.05bn. Volume was boosted by trades in Sterling Bank, UACN, Zenith Bank, United Capital, and Access Bank.

FTNCocoa and ABC Transport were the best-performing stocks after gaining 10% each, closing at N0.44and N0.33 per share respectively on market forces. On the flip side, Berger Paints and Caverton lost 9.52% and 9.09% respectively, closing at N8.55 and N1.70 per share purely on profit-taking.

Market Outlook

We expect the mixed trend on profit-taking and momentum investing as breakout traders jump into positions on the strength of Q3 numbers, just as candlestick formation and volume traded at the end of day trading revealed positive investors vibes as the index continues to trend up. Also, we note that institutional players are not selling but positioning in blue-chip companies, as they watch the pullback on a light volume. It is equally noteworthy that this pullback at this level is for the accumulation of more positions ahead of year-end seasonality. Also, many stocks are trading within their buy ranges, a situation expected to attract more funds into the equity space, given the Dividend Yield capable of serving as a hedge against inflation.

https://investdata.com.ng/expect-mixed-trend-profit-taking-momentum-investing-positioning-on-q3-reports/

Expect Mixed Trend On Profit-Taking, Momentum Investing Amidst Pullback, Positioning


Market Update for November 10

It was a very volatile and mixed session on the Nigerian Exchange at the midweek, as profit-taking hit the market sharply to short-live the three consecutive days of positive outing on a low traded volume and slight negative breadth.

The negative sentiments and selloffs witnessed on Wednesday were due to mixed signal from global inflation and other happenings in the fixed income market that is yet to give a clear direction, as investors await the rates of TB primary auction after the long tenor of 364 days had earlier decline to 6.99% from 7.25%.

Technically, the NGX index’s action witnessed a slowdown in momentum that signal a distribution phase, which we need to confirm on Thursday and afterward, since the index had tested 44,068 after breaking out a major strong resistance level of 43,921.17 basis points and psychological line of 44,000 on an initial rally of MTN Nigeria, before pulling back on profit booking after recording three upbeat sessions. Also, momentum indicators like MACD, RSI, ADX reading 63.23, and money flow index looking flattish on a daily chart, recorded a slowdown, despite remaining strong and bullish. The possibility of a bull spike for the rest of the year and in 2022 is still high after the market had broken out its January peak level, with the expectation that it is likely to break out its 2018 resistance level of 45,921.17bps, which is possible if investors’ positive vibes return after profit-taking.

However, the better-than-expected Q3 earnings, interim corporate actions, while the level of liquidity in the equity space will determine the extent of the market rally when it rebounds from this pullback. Already too, all eyes are on happenings as regards the global inflation rates and oil prices currently oscillating around $84 per barrel; on the impact of the drop in oil consumption by China, as OPEC holds on to supply. So far, the direction of yields in the fixed income market remains unclear.

Meanwhile, midweek’s trading opened slightly on the downside, before rebounding at mid-mornings to oscillate powerfully for the rest of the session on profit-taking and selloffs in blue chips, a situation that pushed the NGX index to an intraday low of 43,685.97 basis points from its highs of 44,068.70bps before closing below its opening level at 43,242.15bps.

Market technicals for the session were weak and mixed with lower volume traded than the previous days in the midst of negative breadth and selling pressure as revealed by Investdata’s Sentiment Report showing 94% sell volume and 6% buy position. The total transaction volume index stood at 0.68 points, just as momentum behind the day’s performance remains relatively strong, Money Flow Index looked up marginally at 71.65 points, from the previous day’s 71.27 points, indicating that funds entered the market.

Order Investdata’s video on Buy &Sell Technical Analysis Toolbox to navigate the rest of the month and year profitably 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 Mkt Cap Movement

At the end of midweek’s trading, the composite NGX All-Share index shed 23.25 basis points, closing at 43,707.30bps after opening at 43,730.53bps, representing a 0.05% drop, just as market capitalization fell by N12.13bn, closing at N22.81tr, from the opening value of N22.82tr, also representing 0.05% 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 30 as they build a new bullish base and positive chart patterns to be on our watchlist. These stocks have double potentials to rally, considering their earnings prospect and the recovery move of the market at this time.

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

The day’s downturn was driven by selloffs and profit-taking in stocks like Lafarge Africa, NGX Group, Zenith Bank, UACN, UBA, Ardova, and Redstar Express, among others, which impacted mildly on Year-To-Date gain, that reduced to 8.53%. Market capitalization stood at N1.74tr YTD, representing an 8.10% growth from the year’s opening value.

BearishSector Indices

Sectoral performance indexes were down, except for the NGX Consumer goods index which closed 0.12% higher, while the NGX Banking index led the decliners after losing 0.97%, followed by Insurance, Industrial Goods, and Energy with 0.34%, 0.25%, and 0.24% respectively.

Market breadth turned slightly negative, as losers outnumbered gainers in the ratio of 19:18, while transactions in volume and value terms were mixed after players exchanged 270.70m shares worth N5.63bn, compared to the previous day’s 280.71m units valued at N3.48bn. Volume was boosted by trades in Flour Mills, Transcorp, FBNH, ETI, and GTCO.

Neimeth Pharm and Chams were the best-performing stocks after gaining 10% and 9.09%, closing at N1.98 and N0.24per share respectively on market forces. On the flip side, Redstar Express and Pharmdeko lost 9.86% and 9.83% respectively, closing at N3.29 and N2.11 per share purely on profit-taking.

Market Outlook

We expect the mixed trend on profit-taking and momentum investing as pullback creates an opportunity for players to jump into positions on the strength of Q3 numbers, just as candlestick formation and volume traded at the end of day trading revealed sellers in control as the index slide down marginally. Also, we note that institutional players are not selling but positioning in blue-chip companies, as the pullback was on a light volume. It is equally noteworthy that this pullback at this level is for the accumulation of more positions ahead of year-end seasonality. Also, many stocks are trading within their buy ranges, a situation expected to attract more funds into the equity space, given the Dividend Yield capable of serving as a hedge against inflation.

https://investdata.com.ng/expect-mixed-trend-on-profit-taking-momentum-investing-amidst-pullback-positioning/

Understanding The Big Picture and Changing Your Trading Strategies For Profit


The investing public at this stage, ought to understand and identify the stage the nation’s economy is in the economic cycles as the different impetus associated with various stages that would help in analyzing sectors, industries and companies. This would enable them also to know sectors that would do well in a particular cycle or period, and as such guide them on how to pick the best industry or company at the right time. These economic cycles are classified into five namely the early expansion, middle expansion, late expansion, early contraction and late contraction and they all offer different investment opportunities.

To know what stage of an economic cycle we are in, you must first identify the current stage of the economy and which sectors have done well, looking at such economic indicators as interest rates, inflation and industrial production which is the national output. It is better investors understand these economic cycles now as the post-election economy is disintegrating, so as to know where to pitch their tent in the new dispensation.

The early expansion stage of an economy is where the interest rate is relatively low, or inflation has decline to a low level while the national output is increasing on the strength of industrial production to drive the whole system. Nigeria’s economy is not at this stage now, but investments thrive in these sectors and industries: capital goods, technology, transportation, manufacturing, communication equipment, airlines and construction.


Interest Rate

At the mid expansion stage of any economy, the interest rate is on the gradual increase as inflation rate remains down for a time while the output of the nation has increased geometrically on the strength of low cost of funds for expansion of business and take off of new enterprises to boost development and growth. At this stage, manufacturing, machinery, construction and industrial goods do well, meaning that companies in these sectors or industry would thrive and investors must focus on companies in these sectors.

The late expansion of an economy is at the point where interest rates have increased geometrically with inflation to keep national output at a constant level. Here the cost of borrowing is high and the prices of goods and services are high as well, due to the inflationary pressure on the system. The sectors that thrive under this condition are energy, consumer staples and basic materials, like power, oil & gas, chemicals, Alumium , Beverages, foods, distributors, health care, hospital management, household products and medical products.


Inflation Rate

The early contraction stage is where the economy starts dwindling because the interest rate has remained high and inflation continues to rise, thereby causing a serious decline in national output as industrial production decreases on the influence of high cost of production. The sectors or industries that thrive at this stage are the financial services, utilities and consumer staples. Examples are the energy companies, house-wares and electric companies.


Industrial Production

Finally, the late contraction stage occurs when interest rate begins a gradual decline with high inflation rate and national output degenerates due to the high cost of goods and services. At this stage, it is the financial and consumer sectors that do well while the industries and insurance, investment bank, banks, as well as savings and loans.

Understanding the big picture in equity investment would go a long way to help traders and investors in any economic and market situation, since the stock market cannot be divorced from the economy, as a leading indicator that tells what is happening now and pointing to the future of each sector, industry and company. In stock trading, what influences share price is beyond company performance, as 80 percent of what moves equity prices comprises of the economy, the market, the sector and the industry. When the economy is recovering the share prices of listed companies are likely to be in the same direction of recovery or looking up, also the market itself has influence on prices when it experienced system or economy induced downturns or upturns. The sector and industry also have influence on share prices, when a sector or industry is doing well it goes down to impact companies operating in that space. As earlier mentioned, the economy has cycles of boom and bust which goes with the different stages of early expansion to late contraction.

After identifying the stage our economy is now, which sectors should you invest in for profit after the market remained in the red for over three months? The bearish market created another opportunity to buy low and sell high when prices rebound. To identify value in a recovering economy when market is oscillating in upward direction due to happenings in the global and domestic environment, the sectorial performance YTD would reveal industries that have witnessed slowdown or suffered losses but with upside potentials. This is just as year-end seasonality and others are expected to playout before the year winds down.

SECTORIAL INDEX PERFORMANCE YTD.


From the sectoral performance, there are indications that prices have change from low to high as shown in the indices above, except for the NGX Insurance and Consumer Goods thatare negative due to their relatively unstable price movement year to date. The down trodden sectors have been affected by the economy and the market, but some of the companies operating within the sector still have strong fundamentals regardless of market perception and sentiments for low share prices that have value now for investors to identify.

In the current market situation price is key but let value guide you, what gives value is derived at the right time when position is taken at a lower price, because equities that have high margin of safety at relatively high price before now are selling lower due to conditions that had forced prices down.

In the current situation cash is king, as it allows investors reposition on time at any breakout of the market from the current trend that had characterized the up and down movement of prices in recent times. Exiting positions in toxic stocks and selling those with low marketability at a discount to hold cash is necessary to help you as a trader, or investor position at the reversal of any market trend.

Do not make the mistake of staying in toxic stocks, because they are always the first to take a hit in the form of huge losses. Leaving your money in any company that has no clear business model capable of supporting its performance, or that you do not trust wholeheartedly is very dangerous to your portfolio.

Identifying stocks that would attract the attention of foreign investors who are currently standing on the sidelines, when they start return to the market is important, because they are major drivers of the market due to high volume of transaction they control, which the local institutional investors or players have taken over. This is coupled with the advantage of exchange rate that is in favour of international investors who enter with little forex to buy over the market.


Sectors to target in this economic situation include the banking, healthcare, if the government and regulators of that industry wake up to their responsibility and begin to protect local manufacturers, and the conglomerates, especially those companies that are highly diversified, as well as agribusiness, consumers and industrial goods.

https://investdata.com.ng/understanding-the-big-picture-and-changing-your-trading-strategies-for-profit/

Sentiment Report for November 10, 2021

NGXASI buy 6% sell 94% MFI 71.65
Access buy 50% sell 50% volume index 0.91 MFI 26.65
Aiico buy 0% volume index 0.77 MFI 75.28
Chams buy � volume index 0.77 MFI 58.24
Courtville buy � MFI 55.09
Cutix buy � MFI 54.63
Eti buy 80% sell 20% volume index 1.37 MFI 81.69
Fbnh buy � MFI 63.35
Fidelity buy 0% MFI 61.50
Fmn buy � volume index 18.58 MFI 86.05
GTCO buy � volume index 0.95 MFI 31.89
Honyflour buy 0% MFI 41.66
Jaiz buy � volume index 1.45 MFI 61.55
Jagold buy � volume index 0.71 MFI 23.66
Lasaco buy � volume index 0.79 MFI 22.04
Linkass buy � volume index 0.98 MFI 28.62
Mansard buy � MFI 30.86
Mtnn buy 0% volume index 5.44 MFI 97.80
M/verse buy 0% volume index 1.35 MFI 78.05
Nahco buy � volume index 1.11 MFI 36.68
Neimeth buy � volume index 5.79 MFI 76.79
NGXGR buy 0% MFI 14.04
Sterling buy � MFI 62.03
Transcorp buy 0% volume index 1.82 MFI 55.86
Uba buy 57% sell 43% MFI 57.20
Ucap buy � volume index 0.82 MFI 61.71
Wapco buy 0% volume index 0.71 MFI 67.33
Wapic buy 50% sell 50% MFI 23.08
Wema buy � MFI 58.13
Zenith buy 0% volume index 1.14 MFI 19.29

Investdata Daily Sentiment Report

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Expect Mixed Sentiment, As Investors Position Ahead Of Pullbacks In Sound Stocks


Market Update for the Week Ended Nov 5 and Outlook for Nov 8-12

The nation’s equity market during the just ended week witnessed post-earnings season profit-taking that halted a seventh successive week of bull transition on a low traded volume and negative breadth as selloffs hit some of the major sectors ahead of year-end seasonality and repositioning for 2021 dividend expectations.

The economy has its own four cycles which are determined by such economic indicators as interest rates, inflation, and national output/productivity which enable investors to identify which sectors have done or will do well. Understanding market structure using technical analysis will tell us the current phase of the market, which will enable us to apply the right strategies to win big.

However, to improve your profit-taking strategy is to sell when many traders are buying into positions. This is a smart way of taking profits because large moves are often followed by digestion days, where the market consolidates or pulls back for a breather. Knowing where to take profit is a highly debated issue or topic among traders. There have been pre-determined rules for selling or profit-taking.

we envisage a mixed trading pattern due to bargain hunting activities in dividend-paying stocks amid intermittent profit-taking activities. That notwithstanding, we advise market players to position in fundamentally sound stocks with positive technicals and sentiment as market fundamental and liquidity keep looking up in the face of oil price trading above $84 in the international market, while the nation external reserves hit $40 billion again.

Technically, the NGX index’s action on a weekly time frame reveals mixed sentiments, as ADX remained above 20 points at 30.64, just as the money flow index was up at 76.58 points, revealing the increase in money flow to the equity space. These are indications that confirm the daily move and volatility, as the NGX index has rebounded again to break out the strong resistance level of 42,000 basis points which signals the possibility of trend continuation on the daily and weekly chart with the index resisting a further decline. So, we have to wait to see what happens in the new week as analysts interpret the various Q3 earnings reports.

The low traded volume, during the week, is an indication that institutional investors are not selling and the volume that took the market up is still very intact. The light volume on the profit-taking activities shows that retail investors like you and I are the ones booking profits.

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Movement Of NGXASI

The NGX index had a mixed trend of three down sessions and two up days. The week’s trading for the week opened on the downside on Monday, as a result of profit-taking before the market retraced up on Tuesday following the increased buying interests in banking and industrial goods stocks. There was a pullback at the midweek and Thursday, when the benchmark index shed 0.09% and 0.08% respectively, while the index rebounded on Friday by 0.17%, bringing the week’s total loss to 0.06%, compared to the previous week’s 0.46% gain. This performance was driven by selloffs and buy an interest in bellwether stocks.

Consequently, the key performance index shed 24.10 basis points, closing at 42,014.50bps, after touching an intra-week low of 41,930.73bps from its highs of 42,151.01bps, as the week’s opening figure was 42,038.60bps on mixed sentiments and profit-taking in low, medium, and high priced stocks. Market capitalization during the period fell by N12.58bn, closing at N21.93tr, compared to the previous week’s N21.93tr, which also represented a 0.06% value loss.

The week’s top gainers table was dominated by low and medium-priced stocks which had become the toast of investors, despite the negative and selling sentiments. There were due to positive sentiment for Regency Assurance, SCOA, Wema Bank, Fidson Healthcare, University Press, Okomu Oil, and GSK, in the midst of the continued portfolio repositioning on the strength of the recently published nine-month earnings reports and positive economic data. It is noteworthy that the NGX Index and price actions revealed the presence of sellers in the market, a situation that reflects on some sectorial indexes.

Market breadth was slightly negative for the week in the midst of low traded volume and better than expected earnings performance that are likely to support recovery in the short to long run as investors increase their stake on a pullback. Decliners outnumbered advancers in the ratio of 43:23, on a negative sentiment as revealed by investors’ sentiment report showing a 62% sell volume and 38% buy position. Money Flow Index rose to 76.58bps from the previous week’s 76.38 points, an indication that some funds entered the market.

NSEASI WEEKLY CHART MOVEMENT

The NGX index’s action, on a weekly chart, maintained a bullish inverted head, shoulder, and saucer chart pattern that supports and indicates an imminent uptrend but on low volume traded. The candlestick pattern at the end of last week was equally bullish to indicate that the market is resisting further decline, as the slowdown in the benchmark index after seven consecutive weeks of positive outing reveals a cautious investing, and indecision as many players stayed on the fence during the period. The index action is set to break out its strong resistances levels of 42,151.40 and 42,248.16bps on expected renewed buying interests in the new trading week that will support an uptrend. However, we need to watch out, the outcome of earnings analysis. Also with all eyes on fixed income market yields and oil prices that should further support market fundamentals to attract liquidity to the equity space. A pullback at this point will create new buying opportunities.

Mixed Sectoral Indices

The performance indexes across the sector were mixed, with the NGX Insurance and Industrial Goods indices chalking 0.99% and 0.88% respectively, while the NGX Banking led the decliners after losing 1.73%, followed by Energy and Consumer Goods with 1.63% and 0.74% respectively. Activities in volume and value terms were down, as players exchanged 1.43bn shares worth N12.37bn, compared to the previous week’s 3bn units valued at N34.55bn. Volume was driven by Financial Services, Conglomerates, and Consumer goods, particularly FBN Holdings, Sterling Bank, UBA, Access Bank, and Transcorp.

The best-performing stocks for the week were Regency Assurance and Multiverse Mining which gained 18.92% and 10% respectively, closing at N0.44 and N0.22 per share respectively on market forces. On the flip side, Eterna and Unilever lost 15.49% and 14.42% respectively, at N07.31 and N13.35per share, purely market forces and profit-taking.

Outlook for the week

We expect a mixed sentiment, as investors and bargain hunters continue to take advantage of price pullback in fundamentally sound stocks for repositioning. It is also noteworthy that fund and portfolio managers continue to take a position on Q3 numbers ahead of the current financial year-end. For now, many stocks remain in their buy range to attract funds into the equity space. Also, investors will continue tracking yields movement in the fixed income market. Also, investors are still observing the interplay of forces in the FX market as the CBN gives a guideline for the new digital currency platform. Last week’s low volume suggests that institutional investors are not selling. It is noteworthy that oil prices rebounded to trade above $84 in the international market; corporate actions, as well as the interim dividend possibilities, are around the corner.

https://investdata.com.ng/expect-mixed-sentiment-as-investors-position-ahead-of-pullbacks-in-sound-stocks/

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


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

Questions and Answers with Ambrose Omordion as of 6th November 2021

Hello Investors and Traders,

I just posted Questions and Answers with Ambrose Omordion as of 6th October 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=dw-xCMLOYck

Ambrose Omordion

Sentiment Report For the week ended November 5, 2021

NGXASI buy 38% sell 62% volume index 1.11 MFI 77.56
Access buy � volume access 0.78 MFI 53.80
Aiico buy 70% volume index 4.58 MFI 69.76
Ardova buy 50% sell 50% volume index 1.08 MFI 0.00
Berger buy � volume index 2.45 MFI 100.00
Bua buy � volume index 0.77 MFI 37.65
Caverton buy � volume index 1.64 MFI 38.07
Chams buy 50% sell 50% volume index 1.23 MFI 56.88
Chiplc buy 83% sell 17% MFI 52.80
Corner buy 0% MFI 45.71
Courtville buy 25% sell 75% volume index 0.97 MFI 75.20
Cutix buy 25% sell 75% volume index 2.05 MFI 47.85
Dangsugar buy � MFI 35.86
Eterna buy 2% sell 98% volume index 2.71 MFI 53.68
Eti buy 89% sell 11% volume index 0.96 MFI 88.30
Fbnh buy 76% sell 24% volume index 0.96 MFI 68.67
Fcmb buy 25% sell 75% volume index 0.78 MFI 57.54
Fidelity buy 50% sell 50% MFI 73.36
Fidson buy 0% volume index 6.63 MFI 88.08
Fmn buy 0% volume index 1.07 MFI 31.11
Ftn buy 0% volume index 1.00 MFI 52.91
Glaxo buy 0% volume index 0.89 MFI 40.46
GTCO buy 33% sell 67% MFI 37.05
Honyflour buy � MFI 51.05
Jaiz buy � volume index 0.85 MFI 50.39
Jagold buy 50% sell 50% volume index 1.66 MFI 14.56
Lasaco buy 59% sell 41% volume index 6.94 MFI 4.83
Learn buy 0% MFI 64.65
Linkass buy 60% sell 40% volume index 1.31 MFI 58.11
Lvstk buy 35% sell 65% volume index 1.12 MFI 44.36
Mansard buy 69% sell 31% MFI 44.95
Mben buy 75% sell 25% volume index 2.66 MFI 24.36
M/verse buy � volume index 11.50 MFI 95.54
Nahco buy 40% sell 60% volume index 0.77 MFI 65.08
Neimeth buy 0% volume index 1.31 MFI 56.93
Nem buy � MFI 49.26
Npf buy 0% MFI 57.40
Oando buy 40% sell 60% volume index 0.72 MFI 53.90
Okomu buy � volume index 1.26 MFI 84.14
Pharma buy 0% volume index 1.39 MFI 86.07
Prestige buy � MFI 22.11
Pz buy 0% MFI 54.32
Red buy 0% MFI 56.71
Regalins buy � MFI 46.46
Royalex buy 80% sell 20% volume index 0.73 MFI 29.30
Sovrenins buy 50% sell 50% volume index 1.03 MFI 34.76
Stanbic buy 0% volume index 4.20 MFI 75.19
Sterling buy 83% sell 17% volume index 3.54 MFI 52.11
Transcorp buy 57% sell 43% volume index 1.12 MFI 54.12
Uacn buy 73% sell 27% MFI 45.84
Uba buy 64% sell 36% volume index 2.02 MFI 51.54
Ubn buy 0% volume index 1.02 MFI 47.18
Ucap buy � MFI 65.70
Unilever buy 0% volume index 0.77 MFI 58.62
Unity buy 40% sell 60% MFI 40.05
UPDC buy 0% MFI 65.81
Upl buy 78% sell 22% volume index 2.51 MFI 84.80
Wapco buy 0% volume index 1.93 MFI 75.18
Wapic buy 50% sell 50% volume index 0.97 MFI 38.57
Wema buy � volume index 0.79 MFI 41.79
Zenith buy 13% sell 87% volume index 0.90 MFI 39.15

Investdata Weekly Sentiment Report

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Mixed Trend Ahead, As Investors Reposition On Pullback, Seek Value Stocks

Market Update for November 2

The seesaw movement on the Nigerian Exchange resurfaced Tuesday as the market witnessed another mixed and volatile session to reverse Monday’s negative outing on a positive outturn and buying interests in equities that recently suffered losses on profit-taking despite their impressive corporate earnings.

The mixed sentiment and prevailing low traded volume in the market reflect the declining momentum and the presence of sellers as institutional investors, fund managers, and others take time to analyze and digest the corporate earnings released so far in the just concluded earnings reporting season, amid portfolio rebalancing and repositioning which will impact positively or negatively on some stocks.

Technically, the NGX index’s action remains strong in the face of the up and down movements, profit-booking, and low transaction volume, as revealed by momentum indicators like ADX at 54.26 points against the previous day 52.83, and money flow index of 71.73 points on a daily chart. The possibility of a rebound is high after market players finished digesting the recent earnings released to the market. We note that the numbers came largely better than expected.

However, these strong earnings, interim corporate actions, and level of liquidity in the equity space will determine the extent of this market rally when it rebounds from this pullback. Already too, all eyes are on oil prices at the international markets, which is currently trading above $84 per barrel; besides the impact of the seeming oscillation at the international market, as the direction of yields in the fixed income market remains unclear.

Tuesday’s trading started slightly on the upside and it was sustained throughout the session despite oscillating on buying interests in some high and low cap stocks in the midst of profit-taking. This pushed the key performance index to an intraday high of 42,151.04 basis points, from its lows of 41,969.42bps, which closed thereafter above its opening level at 42,013.39bps.

Market technicals for the session were mixed and weak with volume traded lower than the previous day’s in the midst of negative breadth and selling sentiment as revealed by Investdata’s Sentiment Report showing 76% sell volume and 24% buy position. The total transaction volume index stood at 0.82 points, just as the impetus behind the day’s performance remains strong, Money Flow Index dropped to 71.73 points, from Friday’s 72.70 points, indicating that funds left the market.

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Index and Mkt Cap Movement

The benchmark NGX All-Share index, at the end of the day’s trading, gained a marginal 36.50 basis points, closing at 42.013.39bps after opening at 41,976.79bps, representing a 0.09% up, just as market capitalization rose by N19.11bn, closing at N21.93tr, from the opening value of N21.91tr, also representing 0.09% appreciation in value.

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Meanwhile, Tuesday’s upturn was driven by position taking in BUA Cement, Oando, International Breweries, and Dangote Sugar, among others, which impacted mildly on Year-To-Date gain, at 4.33%. Market capitalization stood at N780.78bn YTD, representing a 4.10% growth from the year’s opening value.

Mixed Sector Indices

Sectorial performance indexes were mixed, as the NGX Banking and Insurance indexes closed 1.51% and 1.49% lower respectively, while the NGX Industrial Goods index led the advancers after gaining 1.09%, followed by Oil/Gas and Consumer Goods with 0.72% and 0.57% respectively.

Market breadth was negative, as losers outnumbered gainers in the ratio of 31:10, while activities in volume and value terms were down, as investors exchanged 318.91m shares worth N3.28bn, compared to the previous day’s 378.15m units valued at N3.24bn. Volume was boosted by trades in UBA, FBNH, Zenith Bank, Chams, and Transcorp.

International Breweries and Lasaco were the best-performing stocks after gaining 9.62% and 9.33%, closing at N5.70 and N1.17 per share respectively on market sentiments and forces. On the flip side, UACN and FTN Cocoa lost 9.73% and 8.10% respectively, closing at N10.20 and N0.42 per share purely on profit-taking and selloffs.

Market Outlook

We expect a mixed trend as bargain hunters take advantage of correction to reload their portfolios with value stocks on the strength of positive numbers, just as candlestick formation and volume traded at the end of day trading revealed sideway trending as institutional players are not selling yet. It is equally noteworthy that this pullback at this level is for the accumulation of more positions ahead of year-end seasonality. Also, many stocks are trading within their buy ranges, a situation expected to attract more funds into the equity space, given the Dividend Yield capable of serving as a hedge against inflation.

Invest 2022 Traders & Investors Summit

Theme: Master The Market, Get The Best In Pre-Election Year 2022


Sub-Topics
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2. Agriculture, Economic Recovery & Diversification: Where Is Commodity Trading In Your Portfolio
3. Technical Outlook & Indicators For Profitable Market Timing
4. Benefits & Dangers Of Fixed Income Instruments In An Inflationary Environment
5. Economic Outlook and implications of N16.45 Trillion 2022 Budget On Sectors/Stock Market
6. Profitable Stock Picks Made Easy Using Fundamental Tools
7. The Role of Real Estate & REIT Instrument In the Ecosystem

8, Trade Opportunities & 10 Golden Stocks for 2022


Investdata 10th annual event, a game-changer for market players. As the summit help investors to identify trade opportunities and ideas for profitable trading in the pre-election year.


Invest 2022 is a not–to–be missed summit that could completely change your view of where the economy and stock market are currently set and when you should be fully invested in it or fully hold cash. Join the experts and experienced professionals to discuss a Big Picture Perspective of where the stock market and other investment windows are currently placed and what signs to be vigilant about over the coming months and year 2022. Don’t miss this summit.


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Sentiment Report for November 2,2021

NGXASI buy 24% sell 76% volume index 0.82 MFI 71.73
Access buy 0% MFI 33.16
Aiico buy 86% sell 14% volume index 3.07 MFI 77.15
Chams buy 67% sell 33% volume index 4.09 MFI 63.84
Cutix buy � volume index 2.95 MFI 46.75
Eti buy 40% sell 60% MFI 92.47
Fbnh buy 0% MFI 74.09
Fcmb buy 0% volume index 2.69 MFI 61.73
Fidelity buy 33% sell 67% volume index 0.79 MFI 54.44
Fmn buy 0% volume index 1.66 MFI 42.77
Ftn buy 0% volume index 2.19 MFI 22.50
GTCO buy 0% MFI 75.47
Honyflour buy 13% sell 87% MFI 44.53
Jaiz buy � volume index 3.44 MFI 70.34
Jagold buy 0% volume index 1.30 MFI 16.22
Linkass buy � volume index 1.41 MFI 33.82
Lvstk buy 0% MFI 24.44
Mansard buy 88% sell 12% volume index 0.98 MFI 53.19
Mben buy 33% sell 67% volume index 1.03 MFI 18.73
Oando buy 0% volume index 0.70 MFI 42.80
Regalins buy � MFI 52.85
Royalex buy � volume index 0.89 MFI 17.88
Sovrenins buy � volume index 3.27 MFI 70.03
Sterling buy 0% MFI 19.49
Transcorp buy � volume index 0.73 MFI 76.21
Uba buy 33% sell 67% volume index 3.11 MFI 67.72
Ubn buy 0% volume index 0.92 MFI 60.47
Ucap buy � MFI 43.94
Wapco buy 5% sell 95% volume index 1.87 MFI 70.76
Wapic buy 0% volume index 3.29 MFI 28.52
Wema buy 0% MFI 50.09
Zenith buy 0% volume index 3.17 MFI 45.14

Investdata Daily Sentiment Report

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Volatility May Continue, On Mixed November Outlook, Price Corrections, Pullbacks


Market Roundup for October

Transactions on the Nigerian Exchange for the month of October, which is the earnings reporting season, mostly of third-quarter scorecards, closed on a positive note, with the basic indicators recording their highest monthly gain since February 2021. Specifically, the composite NGX All-Share index gained 1,817.43 basis points on positive buying interests, the better-than-expected corporate earnings, and inflow of funds searching for higher real returns amidst the relatively low-interest rates, inflationary environment, and the unclear direction of yields in the fixed income market. The rates for FG and corporate bonds, including the just-concluded Treasury Bonds primary auction fell to 6.99%, while the 364-day tenor stood at 7.25%; well below the inflation rate for the month of September stood at 16.38%. Recall that the nation’s GDP has been on the growth path for two quarters, and rose to 5.01% in Q2, according to data from the National Bureau of Statistics (NBS).

There was also the impact of the recovery in oil prices at the international markets in the midst of a slower economic recovery driven by vaccination and positive buying sentiments among blue-chip and growth stocks.

These triggered buying interests in the equity space that had been sustained for over four consecutive months of bull-run, as the monthly NGX index action formed a saucer chart pattern that supports an uptrend and market recovery on a higher traded volume and positive breadth.

October, the first month of the last quarter of 2021, ended on a positive note with Friday’s market rally suggesting a trend continuation as the index is set to breakout 42,412.66ahead of the release of more earnings reports, and an eventual portfolio reshuffling along sectors and companies’ performance.

The positive close on bullish sentiments in the market was also despite the growing insecurity challenges across the country and crisis in the foreign exchange market and continued rise in external reserves. We do know that stock markets across the globe, as leading indicators of economic activities, are forward-looking. Consequently, it is not unexpected that the current share prices are reflecting the future earnings potentials of quoted companies, or their profitability, which is directly linked to economic activities and eventually the GDP.

However, the Nigerian equity market has since July rallied on the back of low stock valuations, liquidity, and positive sentiments, while economic indices and at the same time are pointing to economic recovery as reflected in the quoted company’s earnings, despite the inconsistent policies of the government.

The continued uptrend by the composite NGX All-Share index and the positive corporate earnings of listed companies released so far show that the Nigerian economy is still on the path of growth. This is a reflection of the monetary policy stance driving economic activities again through relatively low-interest rates.

However, for these low rates to achieve the desired objective, it is time for the government to revisit its various policies needed to boost the economy while ensuring coordination with the monetary authorities so as to check the wanton incidences of mismatch in policies that have prevailed for years.

Despite the seeming impact of the government and Central Bank of Nigeria intervention funds in critical sectors like agriculture and the health sectors, the national output remains low due to the unhealthy business environment, with the unresolved bad road networks for the movement of goods and services to the market across the country.

The impact of this was worsened by high electricity tariff and pump price of petrol, further pressuring the cost of goods and services when added to the high cost of other production variables that have almost crippled the manufacturing sector as reflected in the mixed earnings of companies in the real sector.

The positive responses to the strong numbers as at release dates by investors have pushed many growth and low priced equities to new 52-week highs, confirming the improving liquidity and confidence in the market. As noted earlier, the Q3 scorecards of various listed companies have given insights into the real state of the economy in Q3 and what the Q3 GDP will look like when published by the NBS before the next MPC meeting in November.

The possibility of prices rallying further from here is high, amidst portfolio reshuffling on the strength of the Q3 numbers, just as investors would be assured of reward in the form of dividends when the full-year score-cards begin to flow into the market in the early days of 2022, as the possibility of dividend growth is high. It is expected that discerning investors and traders would take advantage of the relatively low stock prices, year-end season, and cycle to grow their income, ahead of major earnings season in the first quarter of 2022.

In the 19 trading sessions of October, the index recorded gains in 16 sessions and down in three trading days, raising year-to-date gain to 4.39%, even as we note that the undervalued state of quoted companies, their fundamentals, and the seemingly high dividend yields may attract more inflows to the Nigerian stock market. This is given that many equities are having a high margin of safety, thereby offering higher upside potentials.

Meanwhile, the key performance Index in the month gained a total of 1,817.43 basis points, closing at 42,038.40bps, after touching a high of 42,054.18bps, from its lows of 40,221.17bps for the month, which was equally its opening figure. This represented a 4.52% growth over the period on strong buying interests that impacted positively on the index and stock prices, pushing them further up to breakout various resistance levels of 41,000 and 42,000 psychological lines.

Total ‘buy’ volume for the month was 99% and sell position of 1%, further extending the bull transition in the past quarter, while volume index for the period was 1.26 points. Market capitalization rose by a princely N1.00tr, closing at N21.958tr, from N20.956tr, representing a 4.78% appreciation in value. This was higher than the percentage growth in the index as a result of the right issues listing and admission of the NGXGroup that boosted the market cap for the period. Traded volume for the period rose by 48.39% to 8.31bn shares, as against the 5.60bn units recorded in the preceding month. Market breadth for the month was positive with the advancers outnumbering decliners in the ratio of 80:38 to extend the four months of upmarket that was due to factors mentioned above.

Bullish Sectorial Performance

Performance indexes across the sectors were bullish as the chart below shows that the NGX Banking and Energy indexes boosted the market the most during the month, outperforming the general market. The NGX Main Board and Pension index gained 6.24% and 6.16%, driven by price appreciations in dividend-paying stocks, while the NGX Growth index improved by 4.64%, and NGX 30 index garnered 4.34%, followed by the NGX Industrial, which chalked 4.21% to reflect the performance of blue-chip and high cap stocks on the exchange. The NGX Insurance and Premium indices inched up 3.98% and 2.85% respectively, revealing investors’ positive sentiment and the clear decision among traders, as the market’s Price-to-Earnings ratio remains low and attractive. It is also worthy of note that no sectoral index closed in red during the month.


Sources: NGX, Investedata Research
Best And Worst Performing

The month’s best-performing stocks were low and medium cap stocks across the banking and oil marketing sectors, led by University Press, which gained 93.75% as reacted to its impressive Q2 numbers, followed by Ecobank Transnational Incorporated’s 64.81%; and the 43.54% notch by Champion Breweries. FBN Holdings climbed 37.27%, on insider buying and positive sentiment for the group; just as the share price of AIICO Insurance soared 30.53%; among others.


Source; Investdata Research

The worst performing stocks for the period was Academy Press, which lost 15.38%, amidst sell-offs and mixed earnings performance in the recent numbers released; Linkage Assurance shed 11.67% also due to selloffs; just as Morison Industry declined by 10%; ahead of BOC Gas’s 9.87% price decline during the month.


Source: Investdata Research

Technical View

The NGX’s index action for the month reveals an uptrend and a bullish chart pattern that is set to breakout 42,412.66bps and its 50-Day Moving Average on a monthly chart with positive sentiment and high traded volume. The market is still trading within the up channel and above the 40-day moving average, despite the high buying interests, with the benchmark index entering the overbought region on a weekly and daily time frame to reflect an increased inflow of funds that pushed stock prices up in October, which was also the earnings reporting season. With the impressive numbers released, trading patterns and momentum, going forward, are likely to change amidst portfolio rebalancing and repositioning ahead of year-end and seasonal cycles. Market technicals for the period were positive and this is expected to remain unchanged in the new month.

Market Outlook

Volatility is expected to continue in November, even as the outlook remains mixed due to likely price corrections, or pullbacks for a few days due to profit-taking and portfolio reshuffling ahead of year-end and 2022 corporate actions. The anticipated correction in the new month will, however, strengthen recovery.

But investors at this point should not be greedy, but let their decisions be guided by preset investment goals and exit strategies, even as the healthy inflow of funds into the equity assets due to prevailing low rates in the money market is likely to continue as the market look to the last MPC meeting for the year in the new month of November.

Again, the current undervalue state of the market offers investors opportunities to position for the short, medium, and long-term, which is why investors should target fundamentally sound, and dividend-paying stocks for possible capital appreciation for the rest of the year.

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. To obtain your pack send ‘Yes’ or ‘Stock’ to 08028164085 and 08179547605 now.

https://investdata.com.ng/volatility-may-continue-on-mixed-november-outlook-price-corrections-pullbacks/

Want to Start your Investment plan for 2022? then do this

Ambrose Here Again,

For all the talk about being goal-oriented, most people are not willing to dream big enough or they are not willing to start small enough.

I may be harsh, but let's simply examine the facts. It seems to me that most goal-oriented investors and Traders around wishing at all times, "if only..."

I suspect the problem that is not willing to dream big is the fear of failure. These investors and Traders are afraid to dream big because they fear disappointment that might follow should their grand dreams fail to come true.

The problem with the second group, the ones who are not willing to start small enough is ego. Their big egos won't let them do the small thing that is currently within their power to do. These are the investors and Traders waiting for their "big transformation" in the market and government-perfect policies.

However, if you are yet to execute your big dream, you either fall into one of the above or both categories.

In the quest to think big and start small, what steps are you taking to move toward your dream? Have shunned that critic in you and done what you have to do even when it might fail? Have you burnt� the bridge of no return until you succeed?

Lest I forget, happy new month of November. Wishing you all the best and a new start in achieving your dreams.

Dedicated to Your Financial Success,
Ambrose Omordion

P.S. Planning is key and you don't need to wait until the condition is right before taking action. Hence, think Big when you start planning now

The Invest 2022 is going to hold on 4th December 2021.

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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.

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2. Stocks to lead recovery
3. Defensive Stocks
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5. Stocks to Benefit from Corona Virus-Induced Economic downturn and government Intervention
20 Stocks building new bullish base


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Sentiment Report for the month ended October 29, 2021

NGXASI buy 99% sell 1% volume index 1.26 MFI 72.84
Access buy 44% sell 56% volume index 0.70 MFI 64.10
Afrprud buy 28% sell 72% volume index 0.88 MFI 58.54
Aiico buy � volume index 1.19 MFI 82.04
Airtel buy � MFI 93.11
Ardova buy 0% volume index 1.85 MFI 62.96
Berger buy � MFI 78.82
Bocgas buy 0% MFI 56.97
Bua buy � MFI 73.33
Cadbury buy � volume index 0.79 MFI 62.30
Cap buy 25% sell 75% volume index 1.00 MFI 48.92
Caverton buy � MFI 57.66
Chams buy 60% sell 40% volume index 1.04 MFI 51.09
Chiplc buy 75% sell 25% MFI 41.44
Cileasing buy 67% sell 33% volume index 9.96
MFI 33.00
Corner buy � MFI 38.50
Courtville buy 67% sell 33% volume index 1.34 MFI 73.82
Custodian buy � MFI 52.64
Cutix buy 95% sell 5% volume index 1.81 MFI 74.95
Dangsugar buy 4% sell 96% MFI 51.17
Eterna buy 89% sell 11% volume index 1.08 MFI 85.75
Eti buy � volume index 4.83 MFI 79.43
Fbnh buy 61% sell 39% volume index 5.08 MFI 77.13
Fcmb buy 96% sell 4% MFI 62.22
Fidelity buy 94% sell 6% volume index 1.33 MFI 58.06
Fidson buy � MFI 65.17
Fmn buy 35% sell 65% MFI 60.66
Ftn buy 0% volume index 0.75 MFI 76.88
Glaxo buy 10% sell 90% MFI 69.44
GTCO buy 32% sell 68% volume index 0.71 MFI 47.44
Honyflour buy 62% sell 38% volume index 0.87 MFI 94.29
Jaiz buy � MFI 48.41
Jagold buy 25% sell 75% MFI 68.55
Jberger buy 58% sell 42% MFI 55.78
Lasaco buy 0% MFI 65.25
Lawunion buy 0% MFI 76.59
Learn buy 14% sell 86% volume index 0.83 MFI 64.10
Linkass buy 0% volume index 0.78 MFI 64.98
Lvstk buy 0% volume index 2.10 MFI 64.01
LTrust buy � MFI 80.74
Mansard buy 19% sell 81% volume index 0.91 MFI 44.79
Maybaker buy 0% MFI 83.06
Mben buy 25% sell 75% volume index 0.72 MFI 63.24
Mtnn buy � MFI 84.41
Nahco buy 47% sell 53% volume index 1.79 MFI 80.32
Nascon buy 0% MFI 72.61
Neimeth buy � MFI 65.51
Nem buy 47% sell 53% volume index 1.00 MFI 34.26
Nestle buy 0% MFI 52.53
Npf buy � volume index 2.80 MFI 70.61
Oando buy 60% sell 40% volume index 0.81 MFI 80.72
Okomu buy � MFI 91.28
Pharma buy 7% sell 93% volume index 5.47 MFI 87.72
Presco buy � volume index 0.84 MFI 53.01
Prestige buy � MFI 49.75
Pz buy 88% sell 12% volume index 1.54 MFI 64.44
Red buy � MFI 40.04
Regalins buy 11% sell 89% MFI 54.44
Royalex buy 0% volume index 1.79 MFI 51.65
Seplat buy � volume index 0.83 MFI 83.76
Sovrenins buy 0% volume index 0.70 MFI 38.21
Stanbic buy 33% sell 67% MFI 53.34
Sterling buy 53% sell 47% MFI 57.73
Total buy � volume index 2.41 MFI 80.43
Transcorp buy 82% sell 18% volume index 1.26 MFI 71.82
Uacn buy 86% sell 14% MFI 79.45
Uba buy 95% sell 5% volume index 0.76 MFI 55.36
Ubn buy 58% sell 42% volume index 1.07 MFI 27.19
Ucap buy 30% sell 70% volume index 0.91 MFI 92.20
Unilever buy 63% sell 37% MFI 43.55
Unity buy 60% sell 40% MFI 93.77
Univinsure buy � volume index 7.94 MFI 82.27
UPDC buy 0% MFI 79.37
Upl buy � volume index 3.07 MFI 46.79
Veritas buy 0% volume index 0.75 MFI 40.38
Vitafoam buy � MFI 89.52
Wapco buy 97% sell 3% volume index 0.74 MFI 66.83
Wapic buy 25% sell 75% MFI 50.57
Wema buy � MFI 44.05
Zenith buy � MFI 63.71

Investdata Monthly Sentiment Report

At Konstant Pvc Ltd, we derive pride in the quality of our PVC pipes and in the prompt delivery service of our sales and production team. we have installed a new production line to ensure we continue to increase our production capacity of PVC pipes to meet up with our clients' various requests and at affordable prices

Place your order today;
Office Address: Konstant Industrial Estate, Benson Egbo Street off Ekredjebor Road Ughelli, Delta State.
Phone: +2348036581734, +234807 7312805, +2347030567225, +234 816 801 6746
Website: https://konstantpvc.business.siteoother

What makes you happy?

Learn to enjoy every minute of your life. Be happy now. Don't wait for something outside of yourself to make you happy in the future. Think how really precious is the time you have to spend, whether it's at work or with your family. Every minute should be enjoyed and savored.

Earl Nightingale

CHEEKERS INN
Address: 45B, Marine Road, Apapa GRA, Lagos.
Phone: +2348141130809, +2348087216257, +2348153043876
Email: cheekersinnltd@gmail.com
Website: https://cheekersinn.business.site