₦airaland Forum

Cheekers Inn

Enhancing life around great food.
Our Kitchen staff is here to prepare delicious foods to keep you nourished doing your stay with us, just like home-cooked meals.
Our rooms are comfortable with 24 hours electricity.

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

Cheekers Inn

Enhancing life around great food.
Our Kitchen staff is here to prepare delicious foods to keep you nourished doing your stay with us, just like home-cooked meals.
Our rooms are comfortable with 24 hours electricity.

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

Mixed Trend Ahead, As Investors Bet On Interim Div Banks, More Stocks Enter ‘Buy’ Range


Market Update for the Week Ended Sept 3 and Outlook for September 06-10

The beginning of the new month brought rekindled buying interests on the Nigerian Exchange, with mixed sentiments, amidst position-taking in interim dividend-paying banking stocks, industrial Goods, and medium cap companies. Also, the All-Share index’s action suffered losses within the period due to selloffs from the recent rally witnessed in the previous month.

The week under review, incidentally had the last two days in the last two days of August and the beginning of September and had three mixed sessions of pullbacks and two of rebounds that reflected the changing sentiment or psychology of market players. The month of September in recent years has been kind to investors, given what has come to be known as the September Effect. The market has been mixed but has been positive in recent years as revealed by Investdata 10-year historical data. This has added a level of uncertainty in the economy and in the market.

However, the market remains the place to be, since results from the half-year earnings season beat expectations and many companies grew their revenue, while investors await the results of other interim dividend-paying stocks. Zenith Bank retained its 30 kobo payout, and Access Bank grew its payout from 25 kobo to 30 kobo for the half-year period. This means several things to investors, but for income investors these are always good stocks to buy despite the low liquidity and profit-taking from medium and low cap stocks that rallied in August, followed by the early positioning in September. Both months are very dicey and mixed in outlook, but August closed positive, defying historical trends due to the change in the trading environment.

This also is likely to influence September depending on news, events, government policy, and market conditions in the new month. In the first full trading week of September, we expect mixed trends as investors continue to digest the results of first-tier banks that were released recently in expectation of more as the CBN approves other results.

In recent years’ historical data has revealed that September is a position-taking period that lasts throughout the ember months and year-end due to seasonality associated with year-end. This is time to target sectors that drove the GDP growth while buying value and growth stocks with high upside potential.

To navigate the rest of the quarter and 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

The NGX index’s action traded mixed for the period under review with three sessions of down markets and two up amidst improved buying sentiments that failed to reverse the bear dominance. The market finally closed lower on a high traded volume and negative breadth.

The week’s trading opened on a negative note, after shedding 0.70%, which was extended to Tuesday and midweek when the index dropped by 0.27% and 0.17% respectively on selloffs and profit booking. The trend changed by Thursday and Friday on rekindling demand for banking stocks and others as the composite index inched up by 0.07% and 0.02% respectively, resulting in a cumulative 0.57% loss for the week, compared to the previous week’s 0.01% gain.

During the period, the key performance index lost a cumulative 224.64 basis points, closing at 39,261.09bps from its opening level of 39,485.65bps, after touching an intra-week low of 39,170.92bps from its highs of 39,534.81bps on mixed sentiments, profit-taking in medium and low cap stocks. Also, market capitalization fell by N117.04bn, closing at N20.46tr, compared to the previous week’s N20.57tr, which also represented a 0.57% value loss.

During the week the share price of University Press was adjusted for the dividends of five kobo recommended by the directors.

Low-priced stocks dominated the advancers’ table for the week, as players positioned in Transcorp Hotel, Skyway Aviation, Presco, Cornerstone Insurance, AIICO Insurance, and Prestige Assurance, among others, due to the continued repositioning of portfolios as the market oscillated and changed the trading environment. Price actions revealed the presence of sellers in the market, a situation that reflected on the sectorial indexes

Market breadth for the period was negative despite the seeming rebound on high traded volume to signal position-taking and accumulation phases, as the losers’ outnumbered gainers in the ratio of 35:26, on a mixed sentiment showing 25% ‘buy volume and 75% sell position. Money Flow Index dropped slightly to 71.87bps from the previous week’s 73.50 points, an indication that funds left the market.

NSEASI WEEKLY CHART MOVEMENT

From the above chart, and judging by the NGX index’s action, the market is still oscillating within a consolidating rectangle as it pulls back after forming a double top chart pattern on a weekly time frame, with the candlestick formation indicating weakness and selloffs among traders, but we need to watch out for a reversal in the new week as all eyes are on the remaining financials of interim dividend-paying stocks and the expected economic data that should further support market fundamentals to attract liquidity. Already, the daily chart has signaled a reversal is underway.

Bearish Sectoral Indices

All the sectorial performance indexes were down during the week, except for the NGX Insurance that closed 0.79% higher, while the NGX Oil/Gas led the decliners after shedding 2.96%, followed by Consumer Goods, Industrial Goods and Banking with 01.34%, 0.89%, and 0.58% respectively. Transactions in volume and value terms were up, with investors exchanging 1.34bn shares worth N8.65bn, compared to the previous week’s 1.03bn units valued at N8.18bn. The week’s volume was driven by Financial Services, Conglomerates, and Consumer Goods, particularly Transcorp, Honeywell Flour Mills, Access Bank, Zenith Bank, and GTCO.

Transcorp Hotel and Skyway Aviation were the best performing stocks for the week were after gaining 10% and 9.46% respectively, closing at N5.17 and N4.05 per share respectively on market sentiments and forces. On the flip side, Oando and Mutual Benefits Assurance lost 15.21% and 12.50% respectively, at N4.07 and N0.28 per share, purely on profit-taking and market forces

Outlook for the week

We expect a mixed trend as investors and traders look to results of the remaining first-tier banks, while many stocks enter their buy range to attract funds into the equity space, just as institutional and other investors digest the Q2 GDP growth ahead of the August inflation report and the MPC meeting slated for September 20 and 21, 2021, as well as the continued repositioning of portfolios for the year last quarter. 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. The week’s high volume suggests that institutional investors and others are still in the market looking at the numbers. It is noteworthy that oil prices rebounded in the international market; corporate actions, as well as the interim dividend possibilities, are around the corner.

INVESTDATA Q4 MASTER CLASS OPEN FOR REGISTRATION

Theme Road To Wealth: Avoiding Financial Lockdown In Q4 & Beyond

Sub-Topics

The Power of Earnings: Best Trading Strategies To Grow Your Portfolio, By (AlhajiGarbaKurfi, MD/CEO, APT Securities & Funds Ltd)
The Road Ahead For The Economy & Impact of PIB On Equity Market, By Mr. AbiolaRasaq, CSCS).
Classical Chart Patterns For High Powered Profits In Any Market Cycle, By Mr. Ambrose Omordion, Chief Research Officer, Investdata Consulting Ltd
Are you interested in building wealth and improving your trading results through tested and effective investing strategies for the rest of the year and beyond? Smart domestic investors, like Aliko Dangote, Jim Ovia, Tony Elumelu, TY Danjuma, and Abdul SamadRabiu, among others, recognise the power of creating wealth through stock trading and investing.

This Q4 masterclass is for you, because it will help you follow exact steps in real time and target one of the most active time frames in the market. It doesn’t matter how the government is creating new money and credits, or what tricks they are employing, or how they spin them ….

Nigeria has entered one of the greatest inflationary periods despite the seeming slowdown in the last four months. Inflation is not a threat. It is government policy from this point forward that will push million of Nigerians down …. Out of the middle class…out of private retirement, healthcare and decent lives, based on independence and privacy… into a collective nightmare we call financial lockdown.

This is what happens when people are trapped by their own collapsing currency, such that they become deeply indebted. Inflation causes huge distortions in the economy and in the markets, so its critical that you take the necessary steps to ensure you are not left behind.

We have put together this Q4 masterclass to help market players avoid those needless losses and build a profitable portfolio that has high ROI…… Especially in a volatile market, when you don’t know which way up….

Participants will learn the following

How to trade earnings to boost their portfolio bottom line
The relationship between equity price movement and power of earnings
The road ahead, which sector and industry have the potential to drive profit that will support equity prices
How to simplify price action analysis on any time frame
How to filter out market noise and identify the most opportune time to join any market
Tradeable chart patterns and candlestick formations that signal real money making opportunities
Trend trading secrets for profitable trades and minimal risk
Five hot stocks that beat inflation and deliver over 25% in 90-day investment windows.
Date: October 2. 2021

Time: 9 am Prompt

Fee: N50,000 per participant

Venue: ZOOM

However, with less than 27 days to Q4 Master class October 2, 2021, you need to make money and avoid financial lockdown, boost your trading bottom line. Don’t miss this opportunity.

During this practical session our top industry experts will reveal profitable trade ideas and opportunities in Q4 to consolidate your gains and ride on year-end seasonality to maximize returns. That is what you can implement immediately to start tracking the result by yourself and the investdata Research team on your behalf. You definitely want to be among the smart traders and investors in Q4. So, send “YES” or “STOCKS” to 08028164085 and 08179547605.

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

THE BUY AND SELL SIGNAL

Hello Investors,

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

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


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

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

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

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

To Your Success
Investdata Consulting.

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

Questions and Answers with Ambrose Omordion as at 4th September 2021

Hello Investors and Traders,

I just posted Questions and Answers with Ambrose Omordion as of 04/09/2021.

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=u16rAQnFJEk

Ambrose Omordion

Sentiment Report for the week Ended September 3, 2021

NGXASI buy 25% sell 75% volume index 0.82 MFI 73.14
Access buy 62% sell 38% volume index 1.33 MFI 68.95
Afrprud buy � MFI 33.55
Aiico buy � MFI 28.47
Caverton buy 29% sell 71% volume index 1.50 MFI 38.08
Chams buy 25% sell 75% volume index 3.82 MFI 45.36
Chiplc buy 37% sell 63% volume index 3.41 MFI 43.13
Courtville buy 0% MFI 84.14
Custodian buy � MFI 77.62
Cutix buy 0% MFI 79.94
Dangcem buy � MFI 84.60
Dangsugar buy 0% MFI 66.81
Eterna buy 39% sell 61% volume index 1.03 MFI 64.95
Eti buy 0% MFI 68.40
Fbnh buy � MFI 59.93
Fcmb buy 29% sell 71% MFI 61.82
Fidelity buy 14% sell 86% volume index 0.72 MFI 58.99
Fidson buy � volume index 1.52 MFI 85.72
Fmn buy � volume index 1.02 MFI 40.46
Ftn buy 0% volume index 4.80 MFI 70.62
GTCO buy 80% sell 20% MFI 17.31
Honyflour buy 20% sell 80% volume index 3.57 MFI 96.00
Jaiz buy 0% volume index 1.12 MFI 29.59
Jagold buy 0% MFI 44.53
Jberger buy � volume index 1.20 MFI 96.26
Lasaco buy 0% MFI 50.41
Learn buy � MFI 79.78
Linkass buy 0% MFI 44.97
Lvstk buy 0% volume index 2.65 MFI 59.03
Mansard buy 67% sell 33% MFI 48.66
Mben buy 0% volume index 1.59 MFI 11.63
Nahco buy 91% sell 9% volume index 1.47 MFI 82.40
Neimeth buy 70% sell 30% volume index 1.54 MFI 57.77
Nem buy 35% sell 65% volume index 0.91 MFI 58.27
Nestle buy � MFI 25.45
Npf buy 0% MFI 33.76
Oando buy 9% sell 91% volume index 1.60 MFI 76.03
Prestige buy � MFI 39.34
Pz buy 20% sell 80% MFI 69.85
Regalins buy � volume index 0.89 MFI 65.24
Royalex buy 0% MFI 32.12
Sovrenins buy � volume index 1.35 MFI 33.24
Stanbic buy 0% MFI 54.88
Sterling buy 0% MFI 26.48
Transcorp buy � volume index 3.20 MFI 45.55
Uacn buy 0% MFI 43.91
Uba buy 83% sell 17% MFI 62.55
Ubn buy 22% sell 78% MFI 23.14
Ucap buy 96% sell 4% volume index 1.18 MFI 58.37
Unity buy 44% 56% volume index 0.83 MFI 39.92
UPDC buy 19% sell 81% volume index 2.66 MFI 72.81
Upl buy 0% MFI 47.34
Veritas buy 50% sell 50% volume index 0.99 MFI 72.40
Vitafoam buy 20% sell 80% MFI 80.27
Wapco buy � volume index 1.07 MFI 65.87
Wapic buy � MFI 37.71
Wema buy 50% sell 50% MFI 62.49
Zenith buy 40% sell 60% MFI 65.53

Investdata Weekly Sentiment Report

Ambrose Here Again,

Are you watching the news? Especially finance and economic related ones.

No matter where you are, what your beliefs or political affiliations are, I know what it does to you. I know how it makes you feel.

It makes you feel like it’s impossible to gain certainty and direction in the market. Especially in this environment where goods and services are going up and income is still stagnant.

But what is the common MYTH we all have in our mind is?. The myth is that you need the outside world to be okay for you to be financially free.

But the TRUTH is that you must get solid, anchored, grounded, so certain and secure in your mind that you initiate the change.

As a result, you need to equip yourself with the required skills in the market so that you get the best out of Q4. While others are complaining, you are smiling and grateful that you took action.

Because...

You understand that it is not within your control. Fuel hike is not within your control, the recent increase in the electric bill is not within your control; the prices of food and beverages, inflation, etc

What you can control is your ability to develop and plan how to profit from the market.

The MasterClass Registration will be opening soon.

Don't be a slacker... Join the smart investors and smile while others are complaining.


Best
Ambrose Omordion

Sentiment Report for the Week Ended September 3, 2021

NGXASI buy 25% sell 75% volume index 0.82 MFI 73.14
Access buy 62% sell 38% volume index 1.33 MFI 68.95
Afrprud buy � MFI 33.55
Aiico buy � MFI 28.47
Caverton buy 29% sell 71% volume index 1.50 MFI 38.08
Chams buy 25% sell 75% volume index 3.82 MFI 45.36
Chiplc buy 37% sell 63% volume index 3.41 MFI 43.13
Courtville buy 0% MFI 84.14
Custodian buy � MFI 77.62
Cutix buy 0% MFI 79.94
Dangcem buy � MFI 84.60
Dangsugar buy 0% MFI 66.81
Eterna buy 39% sell 61% volume index 1.03 MFI 64.95
Eti buy 0% MFI 68.40
Fbnh buy � MFI 59.93
Fcmb buy 29% sell 71% MFI 61.82
Fidelity buy 14% sell 86% volume index 0.72 MFI 58.99
Fidson buy � volume index 1.52 MFI 85.72
Fmn buy � volume index 1.02 MFI 40.46
Ftn buy 0% volume index 4.80 MFI 70.62
GTCO buy 80% sell 20% MFI 17.31
Honyflour buy 20% sell 80% volume index 3.57 MFI 96.00
Jaiz buy 0% volume index 1.12 MFI 29.59
Jagold buy 0% MFI 44.53
Jberger buy � volume index 1.20 MFI 96.26
Lasaco buy 0% MFI 50.41
Learn buy � MFI 79.78
Linkass buy 0% MFI 44.97
Lvstk buy 0% volume index 2.65 MFI 59.03
Mansard buy 67% sell 33% MFI 48.66
Mben buy 0% volume index 1.59 MFI 11.63
Nahco buy 91% sell 9% volume index 1.47 MFI 82.40
Neimeth buy 70% sell 30% volume index 1.54 MFI 57.77
Nem buy 35% sell 65% volume index 0.91 MFI 58.27
Nestle buy � MFI 25.45
Npf buy 0% MFI 33.76
Oando buy 9% sell 91% volume index 1.60 MFI 76.03
Prestige buy � MFI 39.34
Pz buy 20% sell 80% MFI 69.85
Regalins buy � volume index 0.89 MFI 65.24
Royalex buy 0% MFI 32.12
Sovrenins buy � volume index 1.35 MFI 33.24
Stanbic buy 0% MFI 54.88
Sterling buy 0% MFI 26.48
Transcorp buy � volume index 3.20 MFI 45.55
Uacn buy 0% MFI 43.91
Uba buy 83% sell 17% MFI 62.55
Ubn buy 22% sell 78% MFI 23.14
Ucap buy 96% sell 4% volume index 1.18 MFI 58.37
Unity buy 44% 56% volume index 0.83 MFI 39.92
UPDC buy 19% sell 81% volume index 2.66 MFI 72.81
Upl buy 0% MFI 47.34
Veritas buy 50% sell 50% volume index 0.99 MFI 72.40
Vitafoam buy 20% sell 80% MFI 80.27
Wapco buy � volume index 1.07 MFI 65.87
Wapic buy � MFI 37.71
Wema buy 50% sell 50% MFI 62.49
Zenith buy 40% sell 60% MFI 65.53

Investdata Weekly Sentiment Report

Are you creating obstacles to your own Financial success?

Ambrose, Here Again,

Do you know the behaviors that are holding you back?

As you head into the last phase of 2021, it is good to start thinking about what new habits and fresh perspectives you would like to create for the rest of the year and beyond.

What is creating obstacles to your success?

For many, it begins in their own head, so stop sabotaging yourself with your own thoughts and actions! All too often, we place limitations on ourselves that prevent us from living out our dreams.

Whether your dream is...
Financial freedom,
Jumping out of an airplane,
Losing weight or
expanding your social circles.

...we sometimes get in our own way — and often, without even realizing it.

Here are a few ways we do that:

#1: Staying In Our Comfort Zone: Our critical inner voice likes to keep us in a nice, safe box. Our brains view this as self-preservation because it wants to protect us from feeling vulnerable, making a mistake, being judged or being disappointed. That critical inner voice may say, “you are not worthy” or “that is too much work,” or “what if you fail?”

#2: Believing A Negative Self-Image...your inner critic is so familiar to you that you don’t even stop to challenge it. We get stuck in patterns and then base our whole lives around those parameters because that is what we are used to. The defenses (excuses) we put up to protect us only limit our lives and our potentials.

#3: Letting fear rule you: Fear is the energy that causes us to shut down, hide and silently suffer. Love is the energy that pushes, heals, and allows us to open up. Fear of the unknown, fear of failure, fear of rejection, and fear of judgment often holds us back.

I am here to tell you that we are more resilient than we think. Do not let your own fear, negative self-criticism, or comfort zone keep you down. Sure, you may try something new and fail. But I firmly believe we will never regret the things we have done, only the things we never tried.�

The MasterClass is around the corner and registration will be opening soon... Do not let those behaviors hold you back from smiling while others are complaining about the economy!!.

Dedicated to Your Financial Success,
Ambrose Omordion

Sentiment Report for August 30, 2021

NGXASI buy 13% sell 87% volume index 1.28 MFI 66.66
Access buy 0% volume index 1.30 MFI 19.96
Aiico buy � MFI 53.40
Caverton buy 33% sell 67% volume index 3.04 MFI 47.22
Chams buy 0% volume index 2.12 MFI 94.59
Chiplc buy 80% sell 20% volume index 5.47 MFI 64.35
Dangsugar buy � volume index 0.79 MFI 44.94
Eterna buy 0% volume index 2.23 MFI 69.42
Eti buy 0% volume index 0.98 MFI 45.80
Fbnh buy � volume index 1.14 MFI 70.37
Fcmb buy � MFI 58.89
Fidelity buy 0% MFI 45.67
GTCO buy 0% MFI 35.63
Jaiz buy � MFI 47.49
Jagold buy � MFI 32.68
Jberger buy � MFI 100.00
Linkass buy � volume index 0.90 MFI 57.68
Lvstk buy 94% sell 6% volume index 3.38 MFI 71.94
Mansard buy � volume index 1.23 MFI 28.13
Mben buy � volume index 0.77 MFI 12.28
Nahco buy � volume index 0.83 MFI 67.46
Neimeth buy 0% volume index 1.17 MFI 75.05
Nem buy 0% volume index 1.13 MFI 33.74
Oando buy 56% sell 44% volume index 1.97 MFI 32.14
Regalins buy � volume index 4.26 MFI 36.35
Sovrenins buy � volume index 1.54 MFI 33.59
Sterling buy � MFI 28.56
Transcorp buy 20% sell 80% volume index 2.89 MFI 31.85
Uacn buy 69% sell 31% MFI 87.04
Uba buy 50% sell 50% volume index 0.73 MFI 24.47
Ubn buy � volume index 0.95 MFI 37.66
Ucap buy � MFI 45.77
UPDC buy � volume index 3.26 MFI 84.90
Veritas buy � MFI 70.82
Vitafoam buy � MFI 89.71
Wema buy � MFI 83.85
Zenith buy 63% sell 37% volume index 1.20 MFI 69.20

Investdata Daily Sentiment Report

Sentiment Report for the week Ended August 27,2021

NGXASI buy 70% sell 30% volume index 0.75 MFI 74.50
Access buy � MFI 59.02
Afrprud buy 50% sell 50% MFI 34.53
Aiico buy 44% sell 56% MFI 26.06
Cadbury buy 0% volume index 1.19 MFI 60.56
Caverton buy � volume index 0.70 MFI 46.90
Chams buy 50% sell 50% volume index 3.39 MFI 53.28
Chiplc buy � volume index 1.29 MFI 38.88
Courtville buy 50% sell 50% volume index 1.80 MFI 86.94
Cutix buy 0% MFI 83.23
Dangsugar buy 70% sell 30% MFI 62.44
Eterna buy 63% sell 37% volume index 1.78 MFI 64.29
Eti buy 75% sell 25% MFI 70.37
Fbnh buy � MFI 60.28
Fcmb buy 92% sell 8% MFI 64.88
Fidelity buy 90% sell 10% MFI 57.15
Fmn buy 56% sell 44% MFI 36.20
Ftn buy � volume index 2.43 MFI 55.28
Glaxo buy � MFI 48.67
GTCO buy 0% MFI 16.11
Honyflour buy 73% sell 27% volume index 1.68 MFI 94.78
Jaiz buy 80% sell 20% volume index volume 1.57 MFI 28.63
Jagold buy 0% MFI 48.21
Linkass buy 67% sell 33% MFI 46.88
Lvstk buy 95% sell 5% volume index 1.16 MFI 47.68
Mansard buy 57% sell 43% MFI 46.01
Maybaker buy 77% sell 23% volume index 2.11 MFI 53.55
Mben buy 40% sell 60% volume index 2.28 MFI 26.52
Mtnn buy � MFI 61.25
M/verse buy 0% MFI 100.00
Nahco buy 44% sell 56% volume index 2.74 MFI 90.37
Nascon buy 0% MFI 52.04
Neimeth buy 34% sell 66% volume index 3.03 MFI 67.24
Nem buy � MFI 48.21
Npf buy � MFI 39.52
Oando buy 47% sell 53% MFI 82.45
Presco buy � MFI 56.52
Prestige buy � volume index 0.74 MFI 38.50
Pz buy 0% MFI 68.37
Regalins buy � volume index 2.00 MFI 70.13
Royalex buy 0% MFI 32.12
Sovrenins buy 75% sell 25% volume index 3.53 MFI 36.66
Sterling buy 75% sell 25% MFI 31.80
Transcorp buy 0% volume index 0.93 MFI 55.66
Uacn buy 45% sell 55% MFI 55.21
Uba buy 33% sell 67% MFI 56.94
Ubn buy 50% sell 50% MFI 35.59
Ucap buy 43% sell 57% MFI 55.65
Unilever buy 0% volume index 1.89 MFI 56.85
Unity buy � MFI 66.51
UPDC buy 98% sell 2% volume index 2.05 MFI 59.06
Veritas buy 0% MFI 77.13
Vitafoam buy 40% sell 60% MFI 82.18
Wapco buy 63% sell 37% volume index 2.01 MFI 63.87
Wapic buy � MFI 35.61
Wema buy 86% sell 14% volume index 0.73 MFI 63.69
Zenith buy 33% sell 67% MFI 63.62

Investdata Weekly Sentiment Report

THE BUY AND SELL SIGNAL FOR FOR THE WEEK

Hello Investors,

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

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


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

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

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

To Your Success
Investdata Consulting.

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

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

QUESTIONS AND ANSWERS WITH AMBROSE OMORDION AS OF AUGUST 28, 2021

Hello Investors and Traders,

I just posted Questions and Answers with Ambrose Omordion as of 28/08/2021.

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

Ambrose Omordion


https://www.youtube.com/watch?v=90GUR18C5RM

So much of what is best in us is bound up in our love of family, that it remains the measure of our stability because it measures our sense of loyalty.” — Haniel Long

Cheekers Inn

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

So much of what is best in us is bound up in our love of family, that it remains the measure of our stability because it measures our sense of loyalty.” — Haniel Long

Cheekers Inn

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

Ovara Konstant Business Ltd

Order your (Japan) Newlong NP-7A Hand Stitching Machine at an affordable price.

• Ideal for closing bags for agricultural products, animal feeds, fertilizer, flour, chemicals, etc.
• For craft paper, cotton, hessian, jute, PP/PE woven cloth, and other bag materials.
• Robust construction and safety design.
• Trouble-free continuous operation.
• High-speed revolution of 1,700 to 1,900 RPM
• Safety plastic handle for insulation.
• Oil pump lubrication system. Oil lines direct lubricant to main moving parts.
• Improved looper and simple mechanism.
• Steel cam - NO plastic cams.
• Automatic thread cutting.
• Minimum maintenance.

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

Ovara Konstant Business Ltd

Order your (Japan) Newlong NP-7A Hand Stitching Machine at an affordable price.

• Ideal for closing bags for agricultural products, animal feeds, fertilizer, flour, chemicals, etc.
• For craft paper, cotton, hessian, jute, PP/PE woven cloth, and other bag materials.
• Robust construction and safety design.
• Trouble-free continuous operation.
• High-speed revolution of 1,700 to 1,900 RPM
• Safety plastic handle for insulation.
• Oil pump lubrication system. Oil lines direct lubricant to main moving parts.
• Improved looper and simple mechanism.
• Steel cam - NO plastic cams.
• Automatic thread cutting.
• Minimum maintenance.

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

Ovara Konstant Business Ltd

Order your (Japan) Newlong NP-7A Hand Stitching Machine at an affordable price.

• Ideal for closing bags for agricultural products, animal feeds, fertilizer, flour, chemicals, etc.
• For craft paper, cotton, hessian, jute, PP/PE woven cloth, and other bag materials.
• Robust construction and safety design.
• Trouble-free continuous operation.
• High-speed revolution of 1,700 to 1,900 RPM
• Safety plastic handle for insulation.
• Oil pump lubrication system. Oil lines direct lubricant to main moving parts.
• Improved looper and simple mechanism.
• Steel cam - NO plastic cams.
• Automatic thread cutting.
• Minimum maintenance.

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

Konstant PVC Ltd
Order our products today and discover the difference in the quality of using our PVC Pipes.

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

Konstant PVC Ltd
Order our products today and discover the difference in the quality of using our PVC Pipes.

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

Konstant PVC Ltd
Order our products today and discover the difference in the quality of using our PVC Pipes.

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

Konstant PVC Lts
Order our products today and discover the difference in the quality of using our PVC Pipes.

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

NGX Index To Breakout On Market Reaction To Positive Q2 GDP Numbers


Market Update for August 26

Nigeria equity market on Thursday continued its consolidation move as the NGX index inched up on a low traded volume and wide positive market breadth due to increased buying interest across the major sectors of the exchange.

The anticipated positive news of Q2 GDP growth of 5.01% was released to the market by the NBS to increase the number of good news despite the lingering social-political and structural impediments which had hindered the nation economic progress and peace.

The better than expected Q2 GDP data was not a surprise to us in Investdata as the just concluded half year earnings season and other macroeconomic indices have given insight before now, as the purchasing managers index hits 18 months high of 55.4 points as of July from 53.6 point in June according to Stanbic IBTC Bank’s report.

Also, the Consumer Price iIndex, which measures price movement of goods and services recently, recorded four straight months of decline as inflation figure for July stood at 17.38% from its high of 18.28% in March this year.

Despite the geometric growth of 5.01% against Q1 0.51% and when compared with the negative position of 6.10% in Q2 2020 which was a problematic year of COVID-19, recession, EndSARS and others, as a low base year.

What is important here is that can this growth be sustained in the face of uncertainties here and there? Nobody knows what will happen next, so keep your mind open because you’re in the market to make money.

This is the last week of August. This is the time to think about this sort of thing. As this remains, the fastest and highest growth the nation economy has recorded in the last 24 months, which was driven by non-oil sector, an indication that agricultural, manufacturing, services and others, are looking up as the economic recovery remains a plus for the stock market, as corporate earnings have given insight before now.

Meanwhile, Thursday’s trading started in the green before oscillating on position taking across the sectors and low cap stocks which pushed the NGX index to an intraday high of 39,482.35 basis points, from its low of 39,449.82bps. Thereafter, it closed slightly above the opening point at 39,477.18bps.

Market technicals were positive and mixed as volume traded was lower than that of the previous day in the midst of breadth favouring the bulls on a positive sentiment as revealed by Investdata’s Sentiment Report showing 84% ‘buy’ volume and 16% sell position. Total transaction volume index stood at 0.81 points, just as the momentum behind the day’s performance was relatively strong, with Money Flow Index reading 68.96points, from the previous day’s 63.22 points, an indication that funds entered the market.

To navigate the rest of the quarter and 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, checkout the video materials below.

Index and Market Caps

At the end of the trading session, the composite NGXASI gained 27.18bps, closing at 39,477.18bps, from its opening level of 39,450.00bps, representing a 0.07% up, just as the market capitalisation rose by N14.23 billion at N20.57tr, from the opening value of N20.55tr, representing a 0.07% value gain.

Attention: If you have not signed up for INVESTDATA’s buy and sell signal setup, don’t delay, because the number of stocks entering their buying range has just increased to 24 as they build a new bullish base and positive chart patterns to be on our watchlist.

These stocks have double potential to rally, considering their earnings prospect and the oscillating mood of the market at this time.

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

Thursday upturn was due to buying interest in Presco, Eterna, UPDC, Honeywell, Access Bank, ETI, NAHCO, Caverton, FCMB and Mansard, among others. These impacted mildly on Year-To-Date loss, reduced it to 1.97%, just as the loss in market capitalisation YTD stood at N497.77bn, representing a 2.33% decline from the year’s opening value.

Mixed Sector Indices

Performance indexes across the sectors were up, except for the NGX Consumer and Industrial Goods that closed flat, while the NGX Insurance Index led the advancers, after gaining 2.33%, followed by Energy and Banking with 0.20% and 0.09% respectively.

Market breadth turned positive as gainers outnumbered losers in the ratio of 27:12, while transactions in volume and value terms were mixed as investors exchanged 186.33m shares worth N1.79bn, compared to the previous day’s 198.33 m units valued at N1.06bn. The day’s volume was driven by trades in Sovereign Trust Insurance Wapco, Honeywell, Mutual Benefits Assurance and UPDC.

Eterna and UPDC were the best-performing, gaining 10% and 9.74%, closing at N7.50 and N1.69 per share respectively on market sentiments and forces. On the flip side, Ikeja Hotels and SCOA lost 10% and 9.43% respectively, closing at N1.26 and N1.44 per share, on selloffs.

Market Outlook

We expect a breakout from the ranging trend as the market reacts to the good news of Q2 GDP growth ahead of month-end window dressing and expected first-tier banks results, as well as the continued repositioning of portfolios ahead of the last quarter of the year.

Also, investors are still observing the interplay of forces in the FX market as the CBN plan to launch a digital currency platform.

The day’s low volume suggests that institutional investors and others are still cautiously looking at the numbers.

It is noteworthy that oil price rebounded in the international market; corporate actions, as well as the interim dividend possibilities, are around the corner.

We note also that some stocks are trading within their ‘buy’ range to become more attractive at this point for income investors and traders, even as the market anticipates positive news, as oil price continues to oscillate above $68pb to support the global economy and stock market recovery across climates.

We also expect the ongoing COVID-19 vaccination to support global and domestic economic recovery that will enhance the market and give direction.

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

Again, the way to go is: Target dividend-paying stocks and fundamentally sound companies with growth prospects in 2021 and beyond, looking the way of mispriced equities ahead of interim dividend announcement and last quarter economic activities.

This is because in spite of the seeming improvements, fixed income yield continues to offer a negative real rate of return due to the galloping inflation.

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

https://investdata.com.ng/ngx-index-to-breakout-on-market-reaction-to-positive-q2-gdp-numbers/

Non-Oil Sector Lifts Nigeria’s 2021Q2 GDP By 5.01%


Latest data from Nigeria’s National Bureau of Statistics (NBS) on Thursday showed that the country’s economy soared by 5.01% in real terms in the second quarter of 2021, from 0.51% in the previous quarter, or the 6.1% contraction reported in the corresponding period of last year.

The growth is the highest percentage growth since 2019Q2 when the economy grew by 2.12%, from where it rose to 2.55% by 2019Q4.

Within the period, aggregate GDP stood at N39.123tr in nominal terms, up from the second quarter of 2020 aggregate of N34.023tr, indicating a 14.99% year-on-year

nominal growth rate, higher than -2.80% growth recorded in the second quarter of 2020 when economic activities slowed sharply at the outset of the pandemic.

The Q2 2021 nominal growth rate was also higher than 12.25% growth recorded in Q1 2021, despite a further dip in the oil sector with -12.65% year-on-year growth, from -2.21% in the previous second quarter. This resulted in real GDP negative growth of 7.13% in the first half of the year, compared to 0.8% in the corresponding period of last year, reflecting the lower oil output, following which the oil sector contributed 7.42% to total real GDP in Q2 2021, down from 8.93% and 9.25% in the second quarter of 2020 and first quarter of 2021 respectively.

On the other hand, the non-oil sector recorded a faster 6.74% year-on-year growth compared to 0.79% in the previous quarter, contributing 92.58% to total GDP, from 91.07% and 90.75% in Q2-20 and Q1-21, respectively).

Non-oil sector growth within the period was boosted by growth in Trade, Information, and Communication (Telecommunication), Transportation (Road Transport),

Electricity, Agriculture (Crop Production) and Manufacturing (Food, Beverage & Tobacco).

The latest growth, the NBS noted, is the third consecutive after the negative growth recorded in the second and third quarters of 2020, “indicating the return of business

and economic activity near levels seen prior to the nationwide implementation of COVID-19 related restrictions.”

For example, in 2020Q4, Nigeria’s economy grew by 0.11%, after contracting by 6.1% and 3.62% in the preceding two quarters; improving to 0.51% by 2021Q1.

“The steady recovery observed since the end of 2020, with the gradual return of commercial activity as well as local and international travel, accounted for the significant increase in growth performance relative to the second quarter of 2020 when nationwide restrictions took effect,” the bureau noted.

Year to date, it continued, real GDP grew 2.70% in 2021 compared to -2.18% for the first half of 2020

A further breakdown of the figure showed that average daily oil production stood at 1.61 million barrels per day (mbpd), a marginal 0.19mbpd drop from the average daily production of 1.81mbpd recorded in the same quarter of 2020 and -0.10mbpd lower than the 1.72mbpd recorded in the first quarter of 2021.

On a sectoral basis, agriculture grew slower by 1.30%, from 2.28%; Industries contracted by 1.23% as against the growth of 0.94%; while Services grew faster by 9.27%, compared to -0.39%.

In terms of contribution, services, agriculture, and industries, respectively, accounted for 55.66%, 23.78%, and 20.57% of overall output growth.

https://investdata.com.ng/non-oil-sector-lifts-nigerias-2021q2-gdp-by-5-01/

Sentiment Report for August 26, 2021

NGXASI buy 84% sell 16% volume index 0.81 MFI 68.96
Access buy � MFI 37.48
Afrprud buy 0% MFI 53.66
Aiico buy � volume index 1.26 MFI 57.26
Caverton buy � volume index 1.33 MFI 76.31
Courtville buy � volume index 0.88 MFI 92.11
Eti buy � MFI 63.47
Fbnh buy � MFI 67.58
Fcmb buy 91% sell 9% MFI 57.90
Fidelity buy � MFI 57.30
Ftn buy � volume index 1.58 MFI 48.60
GTCO buy 0% MFI 33.65
Honyflour buy 75% sell 25% volume index 0.80 MFI 100.00
Jagold buy 0% MFI 29.59
Lvstk buy 82% sell 18% volume index 1.47 MFI 56.87
Mansard buy 0% volume index 0.81 MFI 24.60
Mben buy � volume index 2.61 MFI 16.52
Nahco buy � volume index 1.39 MFI 70.97
Oando buy 0% MFI 40.00
Prestige buy � volume index 1.91 MFI 11.61
Regalins buy � volume index 1.96 MFI 59.57
Sovrenins buy 0% volume index 2.87 MFI 21.47
Sterling buy � MFI 26.96
Transcorp buy 0% MFI 57.62
Uba buy 0% volume index 0.86 MFI 19.11
Ucap buy 50% sell 50% volume index 1.02 MFI 58.58
UPDC buy � volume index 2.19 MFI 72.46
Veritas buy � MFI 56.90
Vitafoam buy � MFI 93.19
Wapco buy � volume index 8.37 MFI 17.03
Wapic buy � volume index 1.99 MFI 58.13
Wema buy � MFI 59.48
Zenith buy 0% MFI 59.05

Investdata Daily Sentiment Report

Reminder! Reminder!! Reminder!!!

Hello Investors and Traders,

Questions and Answers with Ambrose Omordion

will hold Saturday 28/08/2021. Time: 12:00noon

IT IS ABSOLUTELY FREE

Join Zoom Meeting
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Ambrose Omordion

You are welcome to experience the comfort of staying in Cheekers Inn.

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

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

At Ovara Konstant Business Ltd,
When it comes to industrial Stitching Machines, we build smiles.

We also handle the supply of spares and consumables for the Milling and Allied industry.

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

WORDS TO TRADE BY

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

― Carlos Slim Helu

Don't freak out over the inevitable setbacks that all investors face, especially during a crisis in the market. The market goes up, then down, then up again. Though it can be erratic at times, that's the gist of it.

Seeing a significant sell-off or pullback shouldn't spook a trader who has a solid trading plan. Stay focused on the big picture. Be more cautious and methodical, but ride out the waves. If you give in and drop out, you've admitted defeat.

If your investments' reasoning is sound, stay the course, and everything will eventually work out. Just be patient.

NGX Sideways Trend May Persist As Investors Await Trigger For Next Move


Market Update for August 25

Equities’ trading activities on the Nigerian Exchange at the midweek was mixed but relatively quiet, as the NGX All-Share index continued its up and down movement in a ranging mode that signaled consolidation ahead of month-end in the midst of earnings expectation of the big banks and macroeconomic data that would reveal how the economy had fared so far, and also give insight into the future.

Despite the seemingly directionless nature of the market, medium and low priced stocks like UPDC, Capital Hotel, Vitafoam, Honeywell, United Capital, and others are breaking out resistance levels and making new 52-week high on improved volume and positive market sentiment, regardless of the low traded volume that shows the absence of institutional investors at the market arena at this point.

Technically, when the NGX benchmark index or price action of a stock drops on a less than average traded volume as seen in recent trading sessions it suggests that large investors are not selling aggressively, especially as portfolio repositioning and sector rotation are ongoing after the half-year earnings reporting season. The current sideways trend means that the market is waiting for a trigger in the form of news or policy statements capable of moving up or down from this level. This suggests that investors should not panic but allow their investment objectives or goals to guide their decision while staying on.

Midweek’s trading opened slightly on the upside before oscillating on profit booking and position-taking across the sectors and high caps which pushed the key performance index to an intraday low of 39,438.30 basis points, from its highs of 39,481.65bps. Thereafter, it closed marginally below the opening point at 39,450.00bps.

Market technicals were weak and mixed with a higher volume traded than that of the previous day in the midst of breadth favouring the bears on a mixed sentiment as revealed by Investdata’s Sentiment Report showing 27% ‘buy’ volume and 73% sell position. Total transaction volume index stood at 0.85 points, just as the momentum behind the day’s performance was relatively strong, with Money Flow Index reading 63.22points, from the previous day’s 57.78 points, an indication that funds entered the market despite the down market.

To navigate the rest of the quarter and year profitably, order 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.

Index and Market Caps

At the end of midweek’s trading, the composite NGXASI lost 10.68bps, closing at 39,450.00bps, from its opening level of 39,460.68bps, representing a 0.03% drop, just as market capitalization fell slightly by N5.6bn at N20.55tr, from the opening value of N20.56tr, also representing a 0.03% value loss.

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

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

Wednesday’s downturn was due to selloffs and profit-taking in GTCO, FBNH, Zenith Bank, Oando, Dangote Sugar, ETI, Nahco, Unity Bank, Mutual Benefits, and Academy Press, among others. These impacted mildly on Year-To-Date loss, increasing it to 2.04%, just as the loss in market capitalization YTD stood at N502.77bn, representing a 2.40% decline from the year’s opening value.

Bearish Sector Indices

Performance indexes across the sectors were down, except for the NGX Industrial Goods that closed flat, while the NGX Insurance Index led the decliners, after shedding 0.53%, followed by Consumer Goods, Banking, and Energy with 0.13%, 0.12%, and 0.10% respectively.

Market breadth remained negative as losers outnumbered gainers in the ratio of 19:17, while transactions in volume and value terms were mixed as investors exchanged 198.33m shares worth N1.06bn, compared to the previous day’s 196.81m units valued at N1.45bn. The day’s volume was driven by trades in Sovereign Trust Insurance, Mutual Benefits Assurance, Jaiz Bank, Regency Insurance, and Trancorp.

Capital Hotel and Eterna were the best-performing, gaining 10% each, closing at N3.19 and N6.82 per share respectively on market sentiments and forces. On the flip side, Academy Press and Pharma-Deko lost 9.76% and 9.52% respectively, closing at N0.36 and N1.71 per share, on profit-taking.

Market Outlook

We expect the ranging trend to continue as the market awaits news and policy statement ahead of month-end window dressing, first-tier banks results and Q2 GDP data release, as well as the continued repositioning of portfolios ahead of the year last quarter. Also, investors are still observing the interplay of forces in the FX market as the CBN plans to launch a digital currency platform. The day’s low volume suggests that institutional investors and others are still cautiously looking at the numbers. It is noteworthy that oil price rebounded in the international market; corporate actions, as well as the interim dividend possibilities, are around the corner.

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

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

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

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

https://investdata.com.ng/ngx-sideways-trend-may-persist-as-investors-await-trigger-for-next-move/