₦airaland Forum

Expect Mixed Trend As Traders Book Profit, Reposition For Q3 Earnings


Market Update for October 14

Thursday’s trading activities on the Nigerian Exchange were mixed and volatile, as it maintained a positive outing for the third consecutive day on a reduced bullish momentum, despite the strong buy-side on a heavy volume traded and positive market breadth.

The continued high volume traded and money flow index read 94.42 points indicating the presence of smart money playing banking stocks like FBN Holdings which has remained the top trades for the past two weeks to trigger buying interests in financial stocks regardless of the seeming profit taking witnessed in the banking and insurance sectors in the trading session.

Technically, the NGX index and other stocks like Chams, GSK, Sterling Bank and Africa Prudential Insurance broke out their minor resistance levels at the end of the trading session, just as the benchmark index action broke out its minor resistance level of 41,087.40bps after touching 41,144.9bps on positive sentiments ahead of the Q3 numbers. However, the state of expected earnings reports and level of liquidity in the equity space will determine the rate and height of rally this October and indeed the Q4 will go.

Investors should hold onto their high value and growth stock positions, even as direction in the fixed income market, by way of yields and rates, is still unclear, though not unexpected, since funds flow to where there is higher return.

Meanwhile, Thursday’s trading started on the upside on demand for shares of FBNH and Champion Breweries, which was sustained throughoutthe session, on position taking and profit booking that pushed the NGX index to an intraday high of 41,144.99 basis points, from its lows of 41,041.35bps. Afterwards, the index closed above the opening points at 41,129.98bps.

Market technicals were positive and strong as volume traded was higher than the previous day in the midst of breadth favoring the bulls, and buying sentiment as revealed by Investdata’s Sentiment Report showing 86% ‘buy’ position and 14% sell volume. Total transaction volume index stood at 2.95 points, just as the impetus behind the day’s performance was strong, with MFI looking reading 94.42 points from the previous day’s 93.53 points an indication that money entered into the market.

To navigate the new month and rest of the year profitably, order Investdata’s video on Buy & Sell Technical Analysis Toolbox to enhance trading decisions and boost your bottom line. Also, to up your game in stock trading and investing, understanding the key to trading price and index action will go a long way to make the difference in your trading results, checkout the video materials below.

Index and Market Caps

At the end of Thursday’s trading, the key performance NGXASI gained 78.79 basis points and closed at 41,129.98bps after opening at 41,051.19bps, representing a 0.19% up, just as market capitalization rose by N41.06bn, closing at N21.43tr, from the opening value of N21.39tr, also representing 0.19% 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.

The day’s upturn was driven by accumulation in stocks like Lafarge Africa, FBNH, UACN GSK, Africa Prudential United Capital, Cadbury, Zenith Bank, Fidelity Bank UBA, Honeywell and Champion Breweries, among others, which impacted positively on Year-To-Date gain, raising it to 2.13%. Market capitalization was up by N375.48bn YTD, representing a 1.78% growth from the year’s opening value.

Mixed Sector Indices

Performance indexes across sectors were mixed, as the NGX Consumer and Industrial Goods closed higher by 0.17% and 0.15% respectively, while NGX Insurance led decliners after losing 1.13%, followed byBanking and Oil/Gas with 0.86% and 0.01% respectively.

Market breadth was positive, with gainers outnumbering losers in the ratio of 21:14, while transactions in volume and value terms were up, after stockbrokers traded 446.17m shares worth N4.47bn, compared to the previous day’s 446.17m units valued at N4.47bn. Volume was driven by trades in FBNH, GTCO, Champion Breweries Universal Insurance, Ecobank Transnational Incorporated, GTCO and Fidelity Bank.

Champion Breweries and Africa Prudential were the best performing, after gaining 9.71% and 7.18% to close at N3.05 and N6.90per share respectively on market forces and the news of the planned buyout of the retail investors by the majority shareholder, and ahead of the Q3 numbers. On the flip side, Learn Africa and ABC Transport lost8% and 5.88% respectively, closing at N0.46 and N0.32per share purely on profit taking and market forces.

Market Outlook

We expect a mixed trend being the last trading session for the week as traders book profit to reposition for Q3 earnings season and year end, just as candlestick formation support uptrend on a high volume. It is equally noteworthy that any pullback for now is for accumulation ahead of economic data and earnings reporting season. 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.

Also, institutional investors and others continue to digest recently release economic data, outcome of Treasury bill auction were 91 and 182 days tenor rate remain unchanged and 364 days slide down by 25points to 7.25% for a whole one year ahead of last quarter and year end repositioning of portfolios. Also, investors are still observing the interplay of forces in the FX market as the CBN postpone the launch of the new digital currency platform. The day’s low volume suggests that institutional investors and others are not making move yet in the market, as they look at the economic data and policy direction of the economic managers. It is noteworthy that oil price rebounded in the international market; corporate actions, as well as the interim dividend possibilities, are around the corner.

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, 08179547605 now.

https://investdata.com.ng/expect-mixed-trend-as-traders-book-profit-reposition-for-q3-earnings/

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Expect Mixed Trend As TB Auction Opens, Investors Reposition For Q3 Earnings

Market Update for October 12, 2021

Tuesday’s positive statistics and bullish momentum were driven by market players repositioning in the financial and industrial stocks after the previous day’s pullback created a good entry point for discerning investors and traders. This is coming at a time the market looks forward to the consumer price index for September that will be released on Friday, October 15, 2021, according to the calendar of the National Bureau of Statistics.

Technically, the market had a positive sentiment to breakout the minor resistance of 40,884.19bps at the end of Tuesday’s trading, after testing an intraday high of 40,914.83 on a very high traded volume driven by FBN Holdings. This resistance level of 41,014.22bps confirmed a strong reversal move that awaits the NGX index action to breakout, which is possible this week, considering the fact that buyers are taking over the market ahead of the Q3 numbers. However, the state of expected earnings reports and level of liquidity in the equity space will determine the rate and height of the rally in October. All eyes are on the Treasury Bills Primary Market Auction rates today, even as transactions in the two and three-year savings bond with rates of 6.9% and 7.9% respectively are being concluded. Nonetheless, the Money flow index slipped down slightly to 84.98points, to reflect the profit booking activities of investors.

Investors should hold onto their high value and growth stock positions, even as the direction in the fixed income market, by way of yields and rates, is still unclear, though not unexpected, since funds flow to where there are higher returns.

Meanwhile, Tuesday’s trading started on the upside and oscillated throughout the session buying interest in banking stocks and others that pushed the benchmark index to an intraday high of 40,914.83 basis points, from its lows of 40,714.00bps, after which it closed above the opening points at 40,896.96bps.

Market technicals were positive and strong as volume traded was higher than the previous day’s in the midst of breadth favouring the bulls and buying pressure as revealed by Investdata’s Sentiment Report showing 01% ‘buy’ position and 9% sell volume. The total transaction volume index stood at 1.99 points, just as the momentum behind the day’s performance was strong.

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

Index and Market Caps

At the close of Tuesday trading, the key performance index NGXASI gained 182.96 basis points and closed at 40,896.96bps after opening at 40,714.22bps, representing a 0.45% growth, just as market capitalization rose by N95.46bn, closing at N21.31tr, from the opening value of N21.22tr, also representing 0.45% appreciation in value.

Attention: If you have not signed up for INVESTDATA’s buy and sell signal setup, don’t delay, because the number of stocks entering their buying range has just increased to 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 session’s upturn was driven by demand in stocks like BUA Cement, FBNH, Access Bank, GTCO, ETI, Stanbic IBTC, and UBA, among others, which impacted positively on Year-To-Date gain, raising it to 1.56%. Market capitalization was up by N254.06bn YTD, representing a 1.21% growth from the year’s opening value.

Bullish Sector Indices

Performance indexes across sectors were green, except for the NGX Oil/Gas that closed lower by 0.71%, while the NGX Insurance led the advancers after gaining 1.02%, followed by Banking, Industrial and Consumer goods with 1.00%, 0.51%, and 0.06% respectively

Market breadth was positive, as gainers outnumbered losers in the ratio of 27:13, while activities in volume and value terms were up, after investors traded 563.88m shares worth N5.10bn, compared to the previous day’s 191.31m units valued at N2.59bn. Volume was driven by trades in FBNH, Champion Breweries, Ecobank Transnational Incorporated, UBA, and Fidelity Bank.

Champion Breweries and Cornerstone Insurance were the best performing, gaining 10% and 9.80% to close at N2.53 and N0.56per share respectively on acquisition news and market forces ahead of Q3 numbers. On the flip side, Consolidated Hallmark Insurance and Japaul Gold lost 6.98% and 6.23% respectively, closing at N0.55 and N0.45per share purely on profit taking and market forces.

Market Outlook

We expect a mixed trend as TB auction opens today investors reposition for Q3 earnings season and year end. Just as candlestick formation at the Monday trading revealed change of trend on a low volume. It is equally noteworthy that this pullback is for accumulate more positions ahead of the earnings reporting season. 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.

Also, institutional investors and others continue to digest recently release economic data, outcome of Treasury bill auction were 91 and 182 days tenor rate remain unchanged and 364 days slightly up by 30points to 7.50% for a whole one year ahead of last quarter and year end repositioning of portfolios. Also, investors are still observing the interplay of forces in the FX market as the CBN postpone the launch of the new digital currency platform. The day’s low volume suggests that institutional investors and others are not making move yet in the market, as they look at the economic data and policy direction of the economic managers. It is noteworthy that oil price rebounded in the international market; corporate actions, as well as the interim dividend possibilities, are around the corner.

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, 08179547605 now.

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-mixed-trend-as-tb-auction-opens-investors-reposition-for-q3-earnings/

Sentiment Report for October 12 2022

NGXASI buy 91% sell 9% volume index 1.98 MFI 89.96
Access buy 50% sell 50% MFI 74.75
Aiico buy 25% sell 75% volume index 0.87 MFI 18.99
Chams buy � volume index 2.00 MFI 78.98
Corner buy � volume index 2.69 MFI 84.37
Cutix buy � volume index 3.21 MFI 34.76
Dangsugar buy � volume index 0.73 MFI 53.45
Eti buy � volume index 6.29 MFI 99.43
Fbnh buy � volume index 4.82 MFI 62.18
Fcmb buy 0% volume index 4.52 MFI 75.68
Fidelity buy 50% sell 50% volume index 1.59 MFI 78.41
GTCO buy 38% sell 62% volume index 1.03 MFI 63.38
Honyflour buy 0% MFI 0.55
Jagold buy 0% volume index 0.88 MFI 30.84
Linkass buy � volume index 2.82 MFI 68.50
Nahco buy � volume index 0.88 MFI 52.36
Neimeth buy � volume index 2.51 MFI 45.64
Nem buy � MFI 63.47
Oando buy 5% sell 95% volume index 3.59 MFI 63.43
Pz buy � volume index 3.83 MFI 18.94
Royalex buy 0% volume index 0.99 MFI 45.18
Sovrenins buy � MFI 35.62
Stanbic buy � MFI 70.73
Sterling buy 14% sell 86% volume index 0.80 MFI 49.09
Transcorp buy 0% MFI 64.74
Uba buy 50% sell 50% volume index 1.99 MFI 73.07
Ucap buy 0% MFI 55.77
Unity buy � volume index 1.28 MFI 89.21
UPDC buy 67% sell 33% MFI 54.92
Wapco buy 0% MFI 90.66
Wapic buy 0% MFI 70.88
Wema buy � MFI 32.97
Zenith buy 0% volume index 0.70 MFI 74.90

Investdata Daily Sentiment Report

NGX Pullback Offers Positioning Opportunities Ahead Of Q3 Earnings Season


Market Update for October 11

The new week started mixed and down on the Nigerian Exchange, Monday after sellers dominated buyers amidst profit-taking to closed the key performance NGX All-Share Index lower, and thereby halting seven consecutive days of bull run on a low traded volume and flat market breadth.

The trading session witnessed a series of price corrections as expected, even as this pullback ought not to cause panic to the market but create opportunities for repositioning in fundamentally sound stocks. The pullback also offers the market recovery more strength to rally higher, especially if the Q3 earnings being expected beat market expectations.

The market slowdown or pullback after sessions of rally is normal and okay, as profit taking is part and parcel of stock market dynamics and makes the market graph not straight under any situation or cycle, no matter which of the four phases- accumulation, markup, distribution and decline, the market is. Understanding these phases as an investor or trader, and applying it to the market, sector rotation, and stock selection, will make the difference in your trading and investing decisions for higher profit.

Technically, the market has adjusted back for momentum, but a new uptrend will be confirmed when the NGX index action breaks out the resistance levels of 40,884.19bps and 41,014.22bps, which is possible this week and next when Q3 numbers start hitting the market. The state of expected earnings reports and level of liquidity in the equity space will determine the possibility of another rally in October. All eyes are on the Treasury Bills Primary Market Auction rates this Wednesday, even as transactions in the two and three-year savings bond with rates of 6.9% and 7.9% respectively are being concluded. The money flow index slipped down slightly to 84.98points to reflect the profit booking activities of investors.

Investors should hold onto their high value and growth stock positions, even as direction in the fixed income market by way of yields and rates is still not clear, which is not unexpected since funds flow to where there are higher returns.

Meanwhile, Monday’s trading opened in the green and oscillated for the rest of the session on positioning and profit-taking that pushed the NGX index to an intraday low of 40,596.68 basis points, from its highs of 40,877.68bps, after which it closed below the opening points at 40,714.22bps.

Market technicals were weak and mixed as the volume traded was lower than the previous day’s in the midst of a flat breadth and mixed sentiment as revealed by Investdata’s Sentiment Report showing 42% ‘buy’ position and 58% sell volume. The total transaction volume index stood at 0.70 points, just as the impetus behind the day’s performance was strong, but slowed down as Money Flow Index dropped to 84.98points, from the previous day’s 89.37 points, indicating that some funds left the market.

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

Index and Market Caps

The composite index NGXASI, at the close of day trading, shed 154.14 basis points and closed at 40,714.22bps after opening at 40,868.36bps, representing a 0.38% decline, just as market capitalization fell by N80.32bn, closing at N21.22tr, from the opening value of N21.30tr, also representing 0.38% value loss.

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

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

Monday downturn was driven by profit taking and selloffs in stocks like BUA Cement, NB, GTCO, Guinness, Honeywell, University Press, Stanbic IBTC, FBNH, and Livestock Feeds, among others, which impacted positively on Year-To-Date gain, raising it to 1.10%. Market capitalization was up by N146.58bn YTD, representing a 0.84% growth from the year’s opening value.

Mixed Sector Indices

Performance indexes across sectors were mixed, as the NGX Consumer and Industrial goods closed lower by 1.00% and 0.57% respectively, while the NGX Banking led the advancers after gaining 0.75%, followed by Insurance with 0.44%.

Market breadth was at par, as gainers were equal to losers in the ratio of 17:17, while transactions in volume and value terms were down, after investors exchanged 191.31m shares worth N2.59bn, from the previous day’s 331.06m units valued at N2.92bn. Volume was driven by trades in FBNH, Ecobank Transnational Incorporated, Chams, Zenith Bank, and GTCO.

NEM Insurance and Champion Breweries were the best performing, gaining 9.95% and 9.52% to close at N2.10 and N2.30 per share respectively on market sentiments and expected Q3 earnings report. On the flip side, Sovereign Trust Insurance and Nigerian Breweries lost 8.33% and 6.06% respectively, closing at N0.22 and N46.50per share purely on profit taking and market forces.

Market Outlook

We expect a mixed trend as investors take advantage of the pullback to reposition for Q3 earnings season and year end. Just as candlestick formation at the Monday trading revealed a change of trend on a low volume. It is equally noteworthy that this pullback is for accumulate more positions ahead of the earnings reporting season. 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.

Also, institutional investors and others continue to digest recently release economic data, the outcome of the Treasury bill auction were 91 and 182 days tenor rate remain unchanged and 364 days slightly up by 30points to 7.50% for a whole one year ahead of last quarter and year end repositioning of portfolios. Also, investors are still observing the interplay of forces in the FX market as the CBN postpones the launch of the new digital currency platform. The day’s low volume suggests that institutional investors and others are not making move yet in the market, as they look at the economic data and policy direction of the economic managers. It is noteworthy that oil prices rebounded in the international market; corporate actions, as well as the interim dividend possibilities, are around the corner.

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, 08179547605 now.

Ambrose Omordion
CRO|Investdata Consulting Ltd
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08179547605
https://investdata.com.ng/ngx-pullback-offers-positioning-opportunities-ahead-of-q3-earnings-season/

We can move water easily with plastic pipes. We can move shade around with nursery cloth like a tinker toy for animals and plants. Yet we have developed this necessity to grow food with chemical fertilizer because we have forgotten the magic of manure.

Joel Salatin

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

- Shauna Niequist

Mixed Trend Ahead, Amid Profit Booking, As Investors Position On Corrections


Market Update for the Week Ended October 8 and Outlook for 11-15

The first full trading week of October and the last quarter of the year 2021 had a bull-run and positive buying sentiment, closing the period higher and thereby extending the fourth consecutive week of positive outing. The week also saw a very high traded volume that indicates accumulation of position and inflow of funds into equity assets ahead of the earnings reporting season and seasonality associated with year-end.

The positive sentiment and chart pattern formation on the weekly and daily chart revealed the possibility of continuation of this trend as release dates for early filers draw closer, despite the likelihood of profit-taking in the new week and market reaction to the expected corporate earnings expected to hit the market any moment from now.

As the market gradually enters another phase of markup that supports the recovery movement, this period calls for an effective combination of fundamental and technical analysis to stay ahead of the market, with technical barometers assisting with entry and exit timing, as well as top-down and bottom-up used to identify our levels of breakout or breakdown. These technical tools are applied to the general market, sector rotation, and stock selection.

Every year, the makeup and number of sectors that outperform the key performance index NGX changes. This year 2021, five sectors: banking, agriculture, oil/gas, industrial goods, and communication services outperformed the NGX index as of the end of Q3, compared to the last year 2020 when only the Industrial Goods outperformed the composite index within the same period. As we journey into the rest of this year, the issue becomes how this Q3 performance will impact Q4, being the last quarter of the year, knowing that past performance does not assurance for future performance. It is noteworthy also that traders and investors don’t ignore classical chart patterns in any market cycle, because it makes the difference in boosting your bottom line.

The NGX index action on a weekly chart reveals a positive momentum of 98% in investor sentiment, ADX above 20point to read 23.94, just as the money flow index was looking up at 64.84to show a relative money flow in the market. These are indications that confirm the daily move and volatility, as the NGX index is set to breakout new resistance levels of 40,884.80bps to 41,014.58 bps and then confirm the continuation of uptrend on the daily and weekly time frame. So, we have to wait and see what happens in the new week and ahead of early filers of corporate earnings.

The rise in transaction volume, during the week on the off-market deal of FBN Holdings, is an indication that investors are gradually returning to the market after studying the latest macroeconomic data and happenings in the system ahead of the earnings reporting season and year-end. Also, liquidity is returning to the stock market, just as the oil price is looking up in the international market to support the market and economic fundamentals.

To navigate the rest of the year profitably, order for Investdata’s video on Technical Analysis Made Easy for Profitable Trading 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

Movement Of NGXASI

Trading for the week recorded a bullish trend with five sessions of upmarket largely driven by positive sentiments for banking stocks and the news of Airtel Africa share buyback. The NGX index started the period on a positive note, extending the previous day’s gains of quarter-end window dressing with 0.12%, which was extended throughout the trading week, gaining 1.53% on Tuesday. At the midweek, the index notched 0.24%, followed by 0.28% and 0.21% on Thursday and Friday respectively, which brought the week’s total gain to 1.61%, compared to the previous week’s 3.23% positive position.

Consequently, the All-Share Index grew by 647.17 basis points, closing at 40,868.36bps from its opening level of 40,221.17bps, after touching an intra-week high of 40,884.80bps from its lows of 40,221.17bps on positive sentiments for low, medium, and high priced stocks. Market capitalization during the period rose by N340bn, closing at N21.30tr, compared to the previous week’s N20.96tr, which also represented a 1.62% in value gain, different from index gain as a result of the listing of additional 5.08 billion shares of Jaiz Bank at 0.65 kobo.

As usual, the advancers’ table for the week was dominated by low and medium-priced stocks which had become the toast of investors, particularly University Press, FBNH, Courtville, Ecobank Transnational Incorporated, Pharm-Deko, Eterna, Livestock Feeds, and NPF Microfinance, among others. This was due to continued repositioning ahead of Q3 earnings season and Q4 seasonality, even as the NGX Index and price actions revealed the presence of buyers in the market, a situation that reflects on the sectorial indexes.

Market breadth was positive on a very high traded volume to support the recovery and signal position-taking by market players, with gainers outnumbering losers in the ratio of 42:26, on a positive sentiment as revealed by investors’ sentiment report showing a 98% buy volume and 2% sell position. Money Flow Index rose to 64.84bps from the previous week’s 63.11 points, an indication that some funds entered the market.

NSEASI WEEKLY CHART MOVEMENT

The NGX index’s action, on a daily and weekly chart, had formed an inverted head and shoulder chart pattern that support and signals an uptrend on a high traded volume. The candlestick pattern at the end of the week was a bullish setup that represents buyers in charge, as the benchmark index maintained four successive weeks of positive outings to reveal the return of players after sitting on the fence. The index action has broken out of its consolidating rectangle on renewed buying interest that supports uptrend. However, we need to watch out, as market players digest economic data, 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 a new buying opportunity.

Mixed Sectoral Indices

The performance indexes across the sector were mixed, with the NGX Insurance and Consumer goods closing 1.51% and 0.51% lower respectively, while NGX Banking led the advancers after gaining 4.53%, followed by Oil/Gas and Industrial goods with 0.24% and 0.11% respectively. Activities in volume and value terms were also mixed, as players exchanged 2.18bn shares worth N21.96bn, compared to the previous week’s 2.19m units valued at N16.18bn. Volume was driven by Financial Services, Conglomerates, and ICT, particularly FBN Holdings, Universal Insurance, Fidelity Bank, Zenith Bank, and Transcorp.

University Press and FBN Holdings were the best-performing stocks during the week, after gaining 28.46% and 21.74% respectively, closing at N1.58 and N9.80 per share respectively on positive market sentiments and forces. On the flip side, Cornerstone Insurance and Morison Industries lost 12.07% and 10% respectively, at N0.51 and N1.89 per share, purely on profit-taking.

Outlook for the week

We expect a mixed trend on profit-booking, as bargain hunters take advantage of price correction in fundamentally sound stocks to position, just as fund and portfolio managers are positioning ahead of Q3 earnings season and year-end. As many stocks remain in their buy range to attract funds into the equity space. 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 high volume suggests that institutional investors are entering the market and others. It is noteworthy that oil prices rebounded to trade above $82 in the international market; corporate actions, as well as the interim dividend possibilities, are around the corner.

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, 08179547605 now.

Ambrose Omordion

CRO|Investdata Consulting Ltd
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08179547605
https://investdata.com.ng/mixed-trend-ahead-amid-profit-booking-as-investors-position-on-corrections/

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"Trading doesn't just reveal your character. It also builds it if you stay in the game long enough."

— Yvan Byeajee

Trading can tell us a great deal about a person. It puts your patience to the test. It pushes you to confront your personal flaws. It can also help people develop character if they stick with it.
You'll gain self-control, insight, and a better understanding of the true worth of work and wealth. Nothing develops character like facing the actual possibility of losing your own money. And the prospect of a large monetary gain will motivate you to keep going and become a great trader.
You'll quickly notice how you're developing better character qualities that transform you into a better person as you learn more and get better at trading the market!

WORDS TO TRADE BY

"Every once in a while, the market does something so stupid it takes your breath away."

— Jim Cramer

When you're unsure about a trade, trust your instincts. When you question, "Can this be any weirder?" Jim is right on the money about the market's capacity to perform a "hold my beer" maneuver in response.
Thousands of participants act institutionally throughout the market, as we've stated many times before. It's like a herd of cows going mad and stampeding after being startled by a prairie dog. Everything comes crashing down in the market when the bulk of the crowd panics.
That is why, if you notice a trend emerging, you should trust your intuition. But double-check that the evidence backs up your initial hunch!

Sentiment Report for the weekend October 8, 2021
NGXASI buy 98% sell 2% volume index 1.41 MFI 66.27
Access buy 50% sell 50% volume index 1.03 MFI 69.32
Afrprud buy 11% sell 89% volume index 0.93 MFI 49.76
Aiico buy � volume index 0.79 MFI 37.35
Airtel buy � volume index 4.07 MFI 56.57
Ardova buy 0% volume index 2.60 MFI 53.91
Bocgas buy 0% volume index 1.03 MFI 69.10
Cap buy 0% volume index 1.79 MFI 35.75
Caverton buy 59% sell 41% volume index 1.82 MFI 36.97
Chams buy � volume index 0.94 MFI 43.25
Chiplc buy 50% sell 50% MFI 47.68
Corner buy 0% volume index 1.74 MFI 32.07
Courtville buy 62% sell 38% volume index 1.94 MFI 90.28
Cutix buy 33% sell 67% volume index 1.37 MFI 68.25
Dangsugar buy 0% MFI 42.20
Eterna buy � volume index 0.77 MFI 52.65
Eti buy � volume index 5.56 MFI 81.80
Fbnh buy 67% sell 33% volume index 4.28 MFI 68.57
Fcmb buy � MFI 45.82
Fidelity buy 94% sell 6% volume index 1.53 MFI 61.74
Fmn buy 24% sell 76% MFI 44.43
Ftn buy 0% MFI 71.15
Glaxo buy 0% volume index 0.94 MFI 37.76
GTCO buy 86% sell 14% volume index 1.13 MFI 22.11
Honyflour buy 26% sell 74% MFI 52.64
Jaiz buy 20% sell 80% volume index 1.30 MFI 26.15
Jagold buy 67% sell 33% MFI 35.68
Jberger buy � MFI 83.18
Lasaco buy � volume index 0.93 MFI 45.45
Learn buy � volume index 0.99 MFI 85.67
Linkass buy 50% sell 50% MFI 35.03
Lvstk buy 79% sell 21% volume index 2.78 MFI 60.89
Mansard buy 0% MFI 46.63
Maybaker buy 63% sell 37% volume index 1.25 MFI 51.69
Mben buy 0% MFI 23.97
Nahco buy 83% sell 17% volume index 2.96 MFI 73.04
Neimeth buy 0% MFI 55.13
Nem buy 0% MFI 42.90
Npf buy � MFI 47.05
Oando buy � MFI 79.87
Okomu buy 25% sell 75% volume index 1.21 MFI 76.38
Pharma buy 7% sell 93% volume index 5.32 MFI 93.19
Presco buy � volume index 0.90 MFI 82.21
Prestige buy 75% sell 25% volume index 1.22 MFI 35.37
Pz buy 0% volume index 0.74 MFI 61.36
Red buy � volume index 0.99 MFI 44.60
Regalins buy 44% sell 56% volume index 1.07 MFI 54.40
Royalex buy � MFI 30.27
Sovrenins buy 67% sell 33% volume index 0.97 MFI 43.66
Stanbic buy 0% volume index 1.05 MFI 76.01
Sterling buy � volume index 0.76 MFI 32.92
Transcorp buy 57% sell 43% volume index 1.25 MFI 52.16
Uacn buy � MFI 63.34
Uba buy 47% sell 53% volume index 1.55 MFI 47.15
Ubn buy 29% sell 71% MFI 40.03
Ucap buy 10% sell 90% volume index 0.79 MFI 87.05
Unity buy � MFI 49.54
UPDC buy 33% sell 67% MFI 70.69
Upl buy � volume index 12.05 MFI 73.86
Veritas buy 50% sell 50% volume index 0.88 MFI 26.72
Vitafoam buy � MFI 67.81
Wapco buy � volume index 1.44 MFI 64.58
Wapic buy 0% MFI 36.75
Wema buy 37% sell 63% volume index 1.14 MFI 45.27
Zenith buy � MFI 37.73

Investdata Weekly Sentiment Report

Questions and Answers with Ambrose Omordion as of 9th October 2021

Hello Investors and Traders,

I just posted Questions and Answers with Ambrose Omordion as of 9th 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=clQkzSJX1No

Ambrose Omordion

Hello Traders!

This is to inform you that we are holding our positions as signal 177 buy range still valid for this week.

Let us watch our positions for the Q3 results to roll in as we have seen the closed period of these companies

To your investment success.
Investdata

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NGX Group Confirms Bid to List 1.964bn Shares By Introduction


Nigerian Exchange Group Plc, on Wednesday confirmed its intention to list its entire 1,964,115,918 ordinary shares in issue by way of introduction on the main board of Nigerian Exchange Limited, following the successful completion of its demutualisation and restructuring of The Nigerian Stock Exchange and its related operations within NGX Group.

Shares of NGX Group are expected to commence trading on NGX following their Listing, having fulfilled all regulatory requirements, including the approval of the Securities and Exchange Commission (SEC Nigeria).

The shares, according to a statement by Clifford Akpolo, Communications Adviser, will trade under the ticker NGXGROUP, quoting Oscar Onyema, Group Managing Director/Chief Executive Officer of NGX Group, as confirming the planned listing. No date was however given for the exercise, or the price.

Onyema assured that “together with many other listed companies, NGX Group will take advantage of the strategic opportunities open to quoted companies in Nigeria.”

The listing, he continued, will offer The Group “access to the widest range of new investors, including the growing pool of institutional investors. Demutualisation has created many new possibilities for The Group and our listing is just one more step in our evolution.”

Also commenting, Otunba Abimbola Ogunbanjo, the Group Chairman said “the group expects the Listing to bring significant benefits to its business and its stakeholders. NGX Group will enhance its strategic flexibility by creating new financing opportunities and partnership possibilities while diversifying its shareholder base.

“This milestone will open up The Group’s capital to new investors within the Nigerian investing public as well as international institutions thereby reinforcing NGX Group’s presence in international capital markets, and for its current long-term shareholders it will create the possibility to realize value,” he stressed.

The stockbrokers to the listing of NGX Group, the statement added, are Chapel Hill Denham Securities Limited, and RMB Nigeria Stockbrokers Limited, while the Issuing House(s)/financial adviser(s) are Chapel Hill Denham Advisory Limited and Rand Merchant Bank Nigeria Limited.

https://investdata.com.ng/ngx-group-confirms-bid-to-list-1-964bn-shares-by-introduction/

Mixed Trend Ahead, Amid Profit-Taking, Repositioning Ahead Q3 Earnings Season


Market Update for October 6

The bulls continued to dictate proceedings on the Nigerian Exchange at midweek, following which the market gained marginally on a very high traded volume and negative breadth, thereby extending its positive outing for the fifth successive session, and despite the seeming profit-booking by players.

Notably, buying interests in banking and industrial goods stocks supported trading in the face of mixed trends and a gradual return of liquidity to the market due to portfolio switch by fixed income market players ahead of the Q3 earnings season that is around the corner.

The expected impact of debt recovery from the oil and power sector has triggered demand for banking stocks, as these will have positive effects on the banks’ profitability and support its final payout for the year 2021.

During the midweek trading session, stocks like FCMB, Africa Prudential, Livestock Feeds, and others broke out their minor and major resistance levels as others make new highs.

The increasing volume of trades in recent times, is an indication of rekindled investor confidence, as the market still remains undervalued, looking at NGX price to earnings ratio that is below 12 times. The market broke out some resistance levels on new moves, following which we should expect a slight pullback on profit-taking this week or next week before the Q3 numbers starting hitting the market, even as more companies notify investors of their closed periods and board meeting dates. The state of the expected earnings reports and level of liquidity in the equity space will determine the possibility of another rally in the new month and quarter. The two and three-year savings bond rates of 6.9% and 7.9% respectively should not threaten the equity market for now, until we see anything to the contrary. The money flow index read 79.91 points, indicating the entrance of funds into the equity space.

Investors should hold onto their high value and growth stock positions, even as a direction in the fixed income market yields and rates is still not clear, this is not unexpected as funds flow to where there are higher returns.

Meanwhile, midweek trading started on the upside and oscillated on positioning and profit-taking that pushed the key performance index to an intraday high of 40,883.39 basis points, from its lows of 40,716.66bps, after which it closed slightly above its opening points at 40,765.20bps.

Market technicals were positive and mixed as volume traded was lower than the previous day’s, in the midst of breadth favouring the bears on a sell sentiment as revealed by Investdata’s Sentiment Report showing 21% ‘buy’ position and 79% sell volume. Total transaction volume index stood at 1.50 points, just as momentum behind the day’s performance was strong, with Money Flow Index looking up at 81.28points, from the previous day’s 79.91points, indicating that funds entered the market.

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

Index and Market Caps

The benchmark index, at the end of Wednesday’s trading, inched up by 48.54 basis points and closed at 40,765.20bps after opening at 40,716.66bps, representing a 0.12% up, just as market capitalization rose by N25.3bn, closing at N21.24tr, from the opening value of N21.22tr, also representing 0.12% 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.

Wednesday’s upturn was driven by demand for Lafarge Africa, Zenith Bank, UBA, FBNH, Access Bank, Vitafoam, UACN, and Fidelity Bank, among others, which impacted positively on Year-To-Date gain, raising it to 1.23%. Market capitalization was up by N184.28bn YTD, representing a 0.88% growth from the year’s opening value.

Mixed Sector Indices

Performance indexes across sectors were mixed, as the NGX Banking and Indusial Goods closed 0.6% and 0.55% higher respectively, while the NGX Insurance Index lost 0.67%, followed by Consumer goods and Energy with 0.15% and 0.04% respectively.

Market breadth was slightly negative, as losers outnumbered gainers in the ratio of 20:19, while activities in volume and value terms were mixed, after stockbrokers traded 400.65m shares worth N3.48bn, compared to the previous day’s 433m units valued at N3.13bn. The day’s volume was driven by trades in FBNH, Transcorp, Ecobank Transnational Incorporated, UBA, and Fidelity Bank.

FBN Holdings and University Press were the best performing, gaining 7.78% and 7.38% to close at N9.70 and N1.31 per share respectively on market sentiments and expected Q2 earnings report. On the flip side, Pharma Deko and ABC Transport lost 6.01% and 5.71% respectively, closing at N2.66 and N0.33 per share purely on profit-taking.

Market Outlook

We expect a mixed trend on profit-taking and repositioning ahead of the Q3 earnings season and the positive candlestick formation to remain bullish as revealed by momentum indicators and volume. It is equally noteworthy that investors and traders are taking advantage of the likely pullback to accumulate more positions ahead of the earnings reporting season. Also noteworthy is the fact that 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.

Also, institutional investors and others continue to digest recently release economic data, the outcome of the Treasury Bill auction were 91 and 182 days tenor rate remain unchanged and 364 days slightly up by 30points to 7.50% for a whole one year ahead of last quarter and year-end repositioning of portfolios. Also, investors are still observing the interplay of forces in the FX market as the CBN postpones the launch of the new digital currency platform. The day’s high volume suggests that institutional investors and others are gradually taking the position in the market, as they look at the economic data and policy direction of the economic managers. It is noteworthy that oil price pullback in the international market; corporate actions, as well as the interim dividend possibilities, are around the corner.

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, 08179547605 now.

https://investdata.com.ng/mixed-trend-ahead-amid-profit-taking-repositioning-ahead-q3-earnings-season/

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WEBSITE: http://www.ovarakonstant.com/

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

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WEBSITE: http://www.ovarakonstant.com/

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

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TEL: Contact us
+2348057933767, 07036525597, 07038524258
E-MAIL: ovarakonstantconsumables@yahoo.com
WEBSITE: http://www.ovarakonstant.com/

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

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TEL: Contact us
+2348057933767, 07036525597, 07038524258
E-MAIL: ovarakonstantconsumables@yahoo.com
WEBSITE: http://www.ovarakonstant.com/

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

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

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

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+2348057933767, 07036525597, 07038524258
E-MAIL: ovarakonstantconsumables@yahoo.com
WEBSITE: http://www.ovarakonstant.com/

Bull Trend May Linger, As Fixed Income Investors Review Positions Ahead Q3 Earnings Season


Market Update for October 5

The bull-run and positive momentum on the Nigerian Exchange continued on Tuesday as equity prices closed higher to push the composite All-Share index above the major resistance levels on a high traded volume and strong buying interests in banking stocks and others that turn the general market performance positive. Similarly, the news of a proposed buyback of the minority shares of Airtel Africa impacted its price, after investors reacted accordingly.

There was also the expected rallying in oil prices at the international market on Tuesday, following which crude it hit a seven-year high, selling above $82 per barrel, even as analysts project that the price could soar to between $90 and $100pb before year-end. There is also the expectation that global hyperinflation may push oil prices to as high as $180pb by 2022, due to increased government spending, growing consumer demand, and supply chain crises around the globe. The exposure by banks to the oil and energy sectors in recent years remains high, following which many have made provision for these non-performing loans according to Central Bank of Nigeria prudential guidelines, This followed the losses suffered by many companies in the sector when oil prices crashed. The resurgence in the price of crude is expected to help the recovery of these loans and impact positively on the banks’ bottom-lines as profit income.

So far, stocks like United Capital, Pharma-Deko, FBN Holdings, University Press, Consolidated Hallmark Insurance Plc, Livestock Feeds, and others have broken out their minor and major resistance level as others make new highs.

The NGX index action on Tuesday sustained its upward movement to breakout major resistance levels of 40,367.31and 40,572.31 basis points on a high traded volume to turn the market positive position with a Year-to-Date gain of 1.11% that ushered in a new uptrend in the new month and quarter. The market broke out some resistance levels on new moves, following which we should expect a slight pullback on profit-taking this week or next week before the Q3 numbers starting hitting the market as more companies notify investors of closed periods and board meeting dates. The state of the expected earnings reports and level of liquidity in equity space will determine the possibility of another rally in the new month and quarter. The two and three-year savings bond rates of 6.9% and 7.9% respectively should not threaten the equity market for now, until we see anything to the contrary. The money flow index read 79.91 points, indicating the entrance of funds into the equity space.

Investors should hold onto their high value and growth stock positions, even as the direction in the fixed income market yields and rates is still not clear, this is not unexpected as funds flow to where there are higher returns.

Tuesday’s trading opened slightly on the upside but rallied strongly on demand for banking, telecoms, and energy stocks that pushed the NGX index to an intraday high of 40,722.95bps, from its lows of 40,241.49bps, after which it closed significantly above its opening points at 40,716.66bps.

Market technicals were positive and strong with a higher volume traded than the previous day’s, in the midst of positive breadth and buying pressure as revealed by Investdata’s Sentiment Report showing 99% ‘buy’ position. Total transaction volume index stood at 1.67 points, just as the energy behind the day’s performance was strong, with Money Flow Index looking up at 79.91points, from the previous day’s 72.28points, indicating that funds entered the market.

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

Index and Market Caps

At the end of Tuesday’s trading, the NGX All Share Index gained 473.61 basis points and closed at 40,716.66bps after opening at 40,243.05bps, representing a 1.18% growth, just as market capitalization rose by N246.79bn, closing at N21.22tr, from the opening value of N20.97tr, also representing 1.18% appreciation in value.

Attention: If you have not signed up for INVESTDATA’s buy and sell signal setup, don’t delay, because the number of stocks entering their buying range has just increased to 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 upturn was driven by buying interests in Airtel Africa, Julius Berger, Oando, GTCO, UBA, FBNH, Access Bank, Eterna, Dangote Sugar, and United Capital, among others, which impacted positively on Year-To-Date gain, raising it to 1.11%. Market capitalization was up by N159.98bn, representing a 0.76% growth from the year’s opening value.

Mixed Sector Indices

Performance indexes across sectors were mixed, as the NGX Insurance and Consumer Goods closed 1.15% and 0.44% down respectively, while the NGX Banking Index led the advancers, gaining 2.50%, ahead of Oil/Gas with 0.80%.

Market breadth was positive, as gainers outnumbered losers in the ratio of 32:18, while transactions in volume and value terms were up, after investors exchanged 433m shares worth N3.13bn, compared to the previous day’s 202.36bn units valued at N1.86bn. Tuesday’s volume was driven by trades in Universal Insurance, FBNH, Access Bank, GTCO, and Courtville Business Solution.

FBN Holdings and Pharma-Deko were the best performing, gaining 9.76% and 9.69% to close at N9.00 and N2.83 per share respectively on market sentiments and expected Q3 earnings report. On the flip side, University Press and Regency Insurance lost 9.63% and 8.89% respectively, closing at N1.22 and N0.41 per share purely on profit-taking.

Market Outlook

We expect a continuation of the trend as fixed income market investors review their positions ahead of the Q3 earnings season on a positive candlestick formation to remain bullish as revealed by momentum indicators and volume. It is equally noteworthy that investors and traders are taking advantage of the likely pullback to accumulate more positions ahead of the earnings reporting season. Also noteworthy is the fact that 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.

Also, institutional investors and others continue to digest recently release economic data, the outcome of the Treasury Bill auction were 91 and 182 days tenor rate remain unchanged and 364 days slightly up by 30points to 7.50% for a whole one year ahead of last quarter and year-end repositioning of portfolios. Also, investors are still observing the interplay of forces in the FX market as the CBN postpones the launch of the new digital currency platform. The day’s high volume suggests that institutional investors and others are gradually taking a position in the market, as they look at the economic data and policy direction of the economic managers. It is noteworthy that oil price pullback in the international market; corporate actions, as well as the interim dividend possibilities, are around the corner.

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, 08179547605 now.

https://investdata.com.ng/bull-trend-may-linger-as-fixed-income-investors-review-positions-ahead-q3-earnings-season/

Bull Trend May Linger, As Fixed Income Investors Review Positions Ahead Q3 Earnings Season


Market Update for October 5

The bull-run and positive momentum on the Nigerian Exchange continued on Tuesday as equity prices closed higher to push the composite All-Share index above the major resistance levels on a high traded volume and strong buying interests in banking stocks and others that turn the general market performance positive. Similarly, the news of a proposed buyback of the minority shares of Airtel Africa impacted its price, after investors reacted accordingly.

There was also the expected rallying in oil prices at the international market on Tuesday, following which crude it hit a seven-year high, selling above $82 per barrel, even as analysts project that the price could soar to between $90 and $100pb before year-end. There is also the expectation that global hyperinflation may push oil prices to as high as $180pb by 2022, due to increased government spending, growing consumer demand, and supply chain crises around the globe. The exposure by banks to the oil and energy sectors in recent years remains high, following which many have made provision for these non-performing loans according to Central Bank of Nigeria prudential guidelines, This followed the losses suffered by many companies in the sector when oil prices crashed. The resurgence in the price of crude is expected to help the recovery of these loans and impact positively on the banks’ bottom-lines as profit income.

So far, stocks like United Capital, Pharma-Deko, FBN Holdings, University Press, Consolidated Hallmark Insurance Plc, Livestock Feeds, and others have broken out their minor and major resistance level as others make new highs.

The NGX index action on Tuesday sustained its upward movement to breakout major resistance levels of 40,367.31and 40,572.31 basis points on a high traded volume to turn the market positive position with a Year-to-Date gain of 1.11% that ushered in a new uptrend in the new month and quarter. The market broke out some resistance levels on new moves, following which we should expect a slight pullback on profit-taking this week or next week before the Q3 numbers starting hitting the market as more companies notify investors of closed periods and board meeting dates. The state of the expected earnings reports and level of liquidity in equity space will determine the possibility of another rally in the new month and quarter. The two and three-year savings bond rates of 6.9% and 7.9% respectively should not threaten the equity market for now, until we see anything to the contrary. The money flow index read 79.91 points, indicating the entrance of funds into the equity space.

Investors should hold onto their high value and growth stock positions, even as the direction in the fixed income market yields and rates is still not clear, this is not unexpected as funds flow to where there are higher returns.

Tuesday’s trading opened slightly on the upside but rallied strongly on demand for banking, telecoms, and energy stocks that pushed the NGX index to an intraday high of 40,722.95bps, from its lows of 40,241.49bps, after which it closed significantly above its opening points at 40,716.66bps.

Market technicals were positive and strong with a higher volume traded than the previous day’s, in the midst of positive breadth and buying pressure as revealed by Investdata’s Sentiment Report showing 99% ‘buy’ position. Total transaction volume index stood at 1.67 points, just as the energy behind the day’s performance was strong, with Money Flow Index looking up at 79.91points, from the previous day’s 72.28points, indicating that funds entered the market.

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

Index and Market Caps

At the end of Tuesday’s trading, the NGX All Share Index gained 473.61 basis points and closed at 40,716.66bps after opening at 40,243.05bps, representing a 1.18% growth, just as market capitalization rose by N246.79bn, closing at N21.22tr, from the opening value of N20.97tr, also representing 1.18% appreciation in value.

Attention: If you have not signed up for INVESTDATA’s buy and sell signal setup, don’t delay, because the number of stocks entering their buying range has just increased to 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 upturn was driven by buying interests in Airtel Africa, Julius Berger, Oando, GTCO, UBA, FBNH, Access Bank, Eterna, Dangote Sugar, and United Capital, among others, which impacted positively on Year-To-Date gain, raising it to 1.11%. Market capitalization was up by N159.98bn, representing a 0.76% growth from the year’s opening value.

Mixed Sector Indices

Performance indexes across sectors were mixed, as the NGX Insurance and Consumer Goods closed 1.15% and 0.44% down respectively, while the NGX Banking Index led the advancers, gaining 2.50%, ahead of Oil/Gas with 0.80%.

Market breadth was positive, as gainers outnumbered losers in the ratio of 32:18, while transactions in volume and value terms were up, after investors exchanged 433m shares worth N3.13bn, compared to the previous day’s 202.36bn units valued at N1.86bn. Tuesday’s volume was driven by trades in Universal Insurance, FBNH, Access Bank, GTCO, and Courtville Business Solution.

FBN Holdings and Pharma-Deko were the best performing, gaining 9.76% and 9.69% to close at N9.00 and N2.83 per share respectively on market sentiments and expected Q3 earnings report. On the flip side, University Press and Regency Insurance lost 9.63% and 8.89% respectively, closing at N1.22 and N0.41 per share purely on profit-taking.

Market Outlook

We expect a continuation of the trend as fixed income market investors review their positions ahead of the Q3 earnings season on a positive candlestick formation to remain bullish as revealed by momentum indicators and volume. It is equally noteworthy that investors and traders are taking advantage of the likely pullback to accumulate more positions ahead of the earnings reporting season. Also noteworthy is the fact that 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.

Also, institutional investors and others continue to digest recently release economic data, the outcome of the Treasury Bill auction were 91 and 182 days tenor rate remain unchanged and 364 days slightly up by 30points to 7.50% for a whole one year ahead of last quarter and year-end repositioning of portfolios. Also, investors are still observing the interplay of forces in the FX market as the CBN postpones the launch of the new digital currency platform. The day’s high volume suggests that institutional investors and others are gradually taking a position in the market, as they look at the economic data and policy direction of the economic managers. It is noteworthy that oil price pullback in the international market; corporate actions, as well as the interim dividend possibilities, are around the corner.

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, 08179547605 now.

Ambrose Omordion
CRO|Investdata Consulting Ltd
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08179547605
https://investdata.com.ng/bull-trend-may-linger-as-fixed-income-investors-review-positions-ahead-q3-earnings-season/

Sentiment Report for October 5, 2021
NGXASI buy 99% sell 1% volume index 1.68 MFI 79.91
Access buy 83% sell 17% volume index 1.76 MFI 49.61
Aiico buy � volume index 2.68 MFI 22.46
Chams buy 50% sell 50% MFI 66.84
Chiplc buy � volume index 1.40 MFI 60.00
Cutix buy 0% volume index 1.42 MFI 49.04
Eti buy � volume index 3.22 MFI 97.94
Fbnh buy � volume index 1.10 MFI 46.64
Fcmb buy 0% volume index 1.06 MFI 28.95
Fidelity buy � volume index 2.29 MFI 79.91
Fmn buy � MFI 50.24
Ftn buy � MFI 25.24
Glaxo buy 0% volume index 2.17 MFI 26.62
GTCO buy � volume index 2.89 MFI 51.76
Honyflour buy � MFI 2.05
Jaiz buy � volume index 2.11 MFI 55.98
Jagold buy 67% sell 33% volume index 1.45 MFI 29.70
Lasaco buy � volume index 2.27 MFI 42.18
Linkass buy � volume index 1.48 MFI 56.90
Lvstk buy 0% volume index 3.19 MFI 42.19
Mansard buy 33% sell 67% volume index 1.84 MFI 34.68
Maybaker buy � volume index 1.54 MFI 76.26
Nahco buy � volume index 3.64 MFI 63.46
Oando buy � volume index 0.71 MFI 91.00
Regalins buy 0% volume index 2.27 MFI 21.80
Sovrenins buy � volume index 0.79 MFI 19.48
Sterling buy � volume index 3.20 MFI 45.77
Transcorp buy � MFI 60.05
Uba buy 89% sell 11% volume index 1.61 MFI 72.99
Ucap buy 67% sell 33% volume index 1.00 MFI 66.11
UPDC buy 0% volume index 0.72 MFI 75.80
Upl buy 0% volume index 22.58 MFI 6.54
Vitafoam buy � MFI 80.64
Wema buy 25% sell 75% MFI 52.90
Zenith buy 87% sell 13% volume index 0.98 MFI 51.54

Investdata Daily Sentiment Report

Market Review-Nigeria Needs Investor Education that connects with the populace

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Ambrose Omordion

Mixed Trend Ahead, Amid Profit-Taking, Positioning For Q3 Earnings


Market Update for October 4

Equity prices closed higher on the Nigerian Exchange on Monday, despite recording a mixed session and trend to kick off the new month on a positive note, as the benchmark index NGXASI inched up while other sectorial indexes booked mixed performance on the first trading session of the week and month to slow down the quarter-end high momentum and volume traded. This was also on the impact of portfolio repositioning ahead of the Q3 earnings reporting season, as the benchmark All-Share Index turned positive year-to-date.

The positive macroeconomic indices continued to emanate, despite the seeming weak economic recovery as productivity and industrial output remain on the decline in the face of weak capital formation and crisis in the foreign exchange market. Economic activities in September expanded slightly as Purchasing Managers index stood at 52.3 points against the August position of 52.2 points, according to a report by Stanbic IBTC Research indicative of 15 consecutive months of expansions. Central to this notable improvement is the solid and accelerated rise in new orders, which panelist mostly linked to securing new clients by manufacturers as the economy opens up further. In contrast to improvement in domestic sales, exports fell even at the fastest rate since December amid persisting international COVID-19 restriction.

Historically, according to Investdata Research, the October performance pattern is on 50:50 ratios in the last two decades, despite being the month when buying stocks, position-taking, and the Q3 earnings reporting season month. In the 20-year period, the NGX index action recorded 10 years of upmarket and 10 years down, meaning that the state of Q3 corporate earnings performance and liquidity level as a major fundamental of equity market determines where the pendulum will swing. So far, stocks like United Capital, Pharma-Deko, FBN Holdings, University Press, Consolidated Hallmark Insurance Plc, Livestock Feeds, and others have broken out their minor and major resistance as others make new highs.

The NGX index sustained upward movement on Monday a breakout of 40,367.31 and 40,572.31 basis points resistance levels will turn the market into a positive position from a marginal YTD loss of 0.07%. That was an extremely strong resistance level that will usher in a new uptrend in the new month and quarter despite one Treasury Bills inched up by 30 points in the last auction. What we would like to see is a strong follow-up in October which takes the NGX index straight above the next resistant levels of 40,367.33bps like it doesn’t exist. After that, we should see a slight pullback on profit-taking in the first or second trading week of October before the Q3 numbers starting hitting the market as more companies notify investors of closed periods and board meeting dates. The state of the expected earnings reports and level of liquidity in equity space will determine the possibility of another rally in the new month and quarter. The two and three-year savings bond rates of 6.9% and 7.9% respectively should not threaten the equity market for now, until we see anything to the contrary. The money flow index crossed 70 points to 72.28 points at the end of Monday’s trading.

Investors should hold onto their high value and growth stock positions, even as the direction of the fixed income market yields and rates is still not clear, this is not unexpected as funds flow to where there are higher returns.

Meanwhile, Monday’s trading started slightly on the upside and was sustained throughout the session, on positioning and profit-taking which pushed the NGX index to an intraday high of 40,266.46bps, from its lows of 40,221.17bps, after which it closed slightly above its opening points at 40,243.05bps on a low traded volume.

Market technicals were positive and mixed as volume traded was lower than the previous day’s, in the midst of positive breadth and mixed sentiments as revealed by Investdata’s Sentiment Report showing 48% ‘buy’ position and 52% sell volume. The total transaction volume index stood at 0.80 points, just as the momentum behind the day’s performance was relatively strong, with Money Flow Index looking up at 72.28points, from the previous day’s 66.58points, indicating that funds entered the market.

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

Index and Market Caps

The composite index NGXASI, at the end of Monday trading, gained a marginal 21.88 basis points and closed at 40,243.05bps from an opening figure of 40,221.17bps, which represented 0.05% up, just as market capitalization rose by N14.45bn, closing at N20.97tr, from the opening value of N20.96tr, also representing 0.07% in value gain, as a result of the listing of additional 5.07bn ordinary shares in favour of Jaiz Bank.

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 session upturn was driven by buying interests in stocks like GTCO, UBA, FBNH, Zenith Bank, Eterna, Honeywell, Derogate Sugar United Capital, Mansard, Pharma-Deko, and University Press, among others, which impacted positively on Year-To-Date loss that dropped to 0.07%. This was just as the cumulative loss in market capitalization fell to N76.31bn, representing a 0.26% decline from the year’s opening value.

Mixed Sector Indices

Performance indexes across sectors were mixed, as NGX Oil/Gas and Industrial index that closed 0.38% and 0.12% down respectively, while the NGX Insurance Index led the advancers table, after gaining 1.53%, followed by the Consumer goods and Banking with 0.05%, and 0.01% respectively.

Market breadth was positive, after gainers outnumbered losers in the ratio of 23:14, while transactions in volume and value terms were down, as market players exchanged 202.36m shares worth N1.86bn, compared to the previous day’s 1.05bn units valued at N7.42bn. Volume was driven by trades in Fidelity Bank, GTCO, FBNH, Universal Insurance, and Champion Breweries.

Mansard Insurance and Pharma-Deko were the best performing, gaining 9.87% and 9.79% to close at N2.56 and N2.58per share respectively on low price attraction and expected Q3 earnings report. On the flip side, Morison Industries and NNFM lost 10% and 9.94% respectively, closing at N1.99 and N7.70 per share purely on profit-taking.

Market Outlook

We expect a mixed trend on profit-taking and positioning for Q3 numbers that is around the corner as candlestick formation remains bullish as revealed by momentum indicators, just as investors and traders take advantage of likely pullback to accumulate more position ahead of the earnings reporting season. Also noteworthy is the fact that 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.

Also, institutional investors and others continue to digest recently release economic data, the outcome of the Treasury bill auction were 91 and 182 days tenor rate remain unchanged and 364 days slightly up by 30points to 7.50% for a whole one year ahead of last quarter and year-end repositioning of portfolios. Also, investors are still observing the interplay of forces in the FX market as the CBN postpones the lunch of the new digital currency platform. The day’s high volume suggests that institutional investors and others are gradually taking a position in the market, as they look at the economic data and policy direction of the economic managers. It is noteworthy that oil price pullback in the international market; corporate actions, as well as the interim dividend possibilities, are around the corner.

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, 08179547605 now.

https://investdata.com.ng/mixed-trend-ahead-amid-profit-taking-positioning-for-q3-earnings/

WORDS TO TRADE BY

"A lot of people have ideas, but there are few who decide to do something about them now. Not tomorrow. Not next week. But today. The true entrepreneur is a doer, not a dreamer."

— Nolan Bushnell

There's a well-demarcated line that divides dreaming from doing. Those who truly want to realize their dreams know that the rubber has to meet the road at some point. That can be difficult for people who are natural procrastinators.
But to get anything done, you have to actually do it. You have to stop making excuses and get to work. No matter how small that first step is, take it! That's the only way to start walking the path of success.
The best traders and business leaders didn't get where they are by daydreaming. They took their vision and made it a reality. You have to do the same.