₦airaland Forum

Questions and Answers with Ambrose Omordion as at 10th July, 2021

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I just posted Questions and Answers with Ambrose Omordion as of 10/07/2021.

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https://www.youtube.com/watch?v=8z0jk9ucVqU

Ambrose Omordion

Expect Mixed Trend As Bargain Hunters Reposition Ahead Of Q2 Earnings

Market Update for July 8, 2021

Profit booking resurfaced on the Nigerian Exchange Thursday amidst a volatile and mixed session, halting the positive sentiment and fourth successive session of bull transition as traders cashed out their gains from the recent rally.

The pullback witnessed during the session was linked to profit-taking in blue-chip stocks, especially in banking and consumer goods sectors after the indexes have recently broken out of the consolidation region ahead of earnings expectation. The slowdown in momentum or correction has created opportunities, however, for discerning investors to reposition in interim dividend paying stocks.

Despite, slow and weak economic recovery in the Nigerian economy today, with stagflation prevailing in the short supply-side and rising insecurity that had made prices of goods and services double in the market, there are sectors economically benefiting along which investors are expected to realign their positioning.

There is no need to panic at this point because profit taking is an integral part of stock market dynamics anytime, to drive oscillation that creates room for entry and exit. So Investors and traders should not be carried away with any rally or rebound, but be guided by their investment objectives, while taking profit immediately reasonable profit targets are met (say 15-20%) while keeping an eye on the preset stop-loss.

To navigate the month profitably, order for Investdata video title: Stock Market Analysis Beyond Fundamentals and Technical Analysis to enhance trading decisions and boost your bottom line. Also, to up your game in stock trading and investing, check out the video materials below.

Meanwhile, Thursday’s trading started on the downside and oscillated to sustain the negative trend on a sell pressure and profit-taking in blue-chip companies and low priced stocks that pushed the NGX index to an intraday low of 38,425.98 basis points from its highs of 38,501.31bps on a high traded volume.

Market technicals were weak and mixed, with volume traded lower than the previous day’s, in the midst of breadth favouring bears on mixed sentiments as revealed by Investdata’s Sentiments Report showing 60% ‘buy’ volume and 40% sell position. Total transaction volume index stood at 1.07 points, just as the impetus behind the day’s performance was relatively strong, as seen in the 53.18pts Money Flow Index, compared to the previous day’s 60.65pts, indicating that funds left the market.

Index and Market Caps

At the end of Thursday’s trading, the key performance index shed 31.44 basis points, closing at 38,469.871bps, from an opening level of 38,501.31bps, representing a 0.08% drop, just as market capitalization fell by N26.68bn, closing at N20.04tr, from its opening value of N20.07tr, representing a 0.08% value loss. Also, during the session, the share price of Fidson Healthcare was adjusted for a dividend of 25 kobo declared by the board.

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

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

The session’s downturn was due to price depreciation in stocks like Guaranty Trust Holding Company, Stanbic IBTC, UBA, Access Bank, Fidson Healthcare, Fidelity Bank, NASCON, United Capital, and Prestige Assurance, among others. This impacted mildly on Year-To-Date loss increasing to 4.47%, while the drop in market capitalization YTD inched up to N1.01tr, representing a 4.75% drop from its opening value for the year.

Mixed Sector Indices

Performance indexes across the sectors were mixed, as NGX Banking and Consumer Goods lost 0.98% and 0.14% respectively, while NGX Oil/Gas index led the advancers after gaining 1.21%, followed by Insurance and Industrial goods with 0.14% and 0.04% higher respectively.

Market breadth turned negative as losers outnumbered gainers in the ratio of 16:13, while activities in volume and value terms were mixed after traders crossed 238.24m shares worth N2.58bn. Volume was driven by trades in Transcorp, Courtville Business Solution, Zenith Bank, Fidelity Bank, and Chams.

NEM Insurance and Courtvill Business Solution were the best-performing stocks, gaining 10% and 9.52%, closing at N2.20 and N0.23 per share respectively on earnings expectations and market forces. On the flipside, Prestige Assurance s and Pharm-Deko lost 10% and 9.70% respectively, closing at N0.45 and N1.21per share, on selloffs.

Market Outlook

We expect a mixed trend, on profit-taking and repositioning for half-year earnings reporting season kicking off any time soon after forming a wave that supports an uptrend as bargain hunters take advantage of pullbacks to reposition ahead of Q2 numbers. It is noteworthy that oil price continues its recovery at the international market, even as corporate actions and interim dividend possibilities around the corner.

We note also that some stocks are trading within their buy ranges to become more attractive at this point for income investors and traders, even as the market anticipates positive news, while oil price continues to oscillate above $73pb to support global economic and stock market recovery across climates. We also expect the ongoing COVID-19 vaccination to support the global and domestic economic recovery that will enhance the market and give direction.

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

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

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

We appreciate all participants and speakers for making Investdata Q3 master class a success.

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

Ambrose Omordion
https://investdata.com.ng/expect-mixed-trend-as-bargain-hunters-reposition-ahead-of-q2-earnings/

Profit-Taking, Correction, Ahead Of H1 Earnings, But Let Your Investment Goals Guide You


Market Update for July 7

Nigeria’s equity market indexes moved higher Wednesday, as investors await the onset of the half-year earnings reporting season which kicks off any moment from now, with investors expecting improved numbers from the banking sector and others, a situation likely to support those that are relatively undervalued or mispriced. This is because it is one of the most active sectors on the Nigerian Exchange, based on historic data that reveals its consistency in dividend payment.

The recovery in the global and domestic economy driven by vaccination and recovery oil price in the international market are expected to impact many sectors of the economy, including banking, coupled with the changing dynamics in the money and fixed income market since the beginning of the year.

The money flow index shows funds entering the market consistently for a straight seventh trading session on improving volume that indicates telltale signs of smart money markup ahead of Q2 corporate earnings and action. This is also not unexpected, given that Nigerian pension funds managers have divested from foreign money market instruments, besides the high probability of yields slowing down in this second half.

Investors and traders should not be carried away with this rebound but should be guided by their investment objective and take profit immediately after their reasonable profit targets are met (15-20%). Also, their stop-loss mode should be activated. To navigate the month profitably, order for Investdata video title: Stock Market Analysis Beyond Fundamentals and Technical Analysis to enhance trading decisions and boost your bottom line. Also, to up your game in stock trading and investing, check out the video materials below.

Repositioning in the sectors with strong potential to grow in the midst of stagflation and weak economic recovery, is the way to go, targeting individual stocks with sound fundamentals and positive base charts and patterns, many of which have recently broken out their resistance levels on high traded volume to tell you where they are heading. Knowing that the earnings reporting season comes with different momentum, activities level, and inflow, at this point, we will refer you to our video, “How to profitably trade or invest with earnings season in any market situation”

Meanwhile, Midweek’s trading opened on the upside and oscillated to sustain the positive trend on a high traded volume to breakout 38,454.65 basis points, on increased buying interests in blue-chip dividend-paying stocks and low priced equities that pushed the benchmark index to an intraday high of 38,501.31basis points from its lows of 38,403.30bps.

Wednesday’s market technicals were positive and strong, with volume traded higher than the previous day’s, in the midst of positive breadth and high buying pressure as revealed by Investdata’s Sentiments Report showing 100% ‘buy’ volume. The total transaction volume index stood at 1.33 points, just as momentum behind the day’s performance was relatively strong, as seen in the 60.65pts Money Flow Index, compared to the previous day’s 58.85pts, indicating that funds entered the market.

Index and Market Caps

The composite NGX All-Share Index, at the end of trading, gained 83.27 basis points, closing at 38,501.31bps, from an opening level of 38,418.04bps, representing a 0.22% up, just as market capitalization rose by N43.41bn, closing at N20.07tr, from its opening value of N20.03tr, representing a 0.22% value gain. Also notable is the fact that many indicators confirm a bullish trend on a daily time frame, just as the index is expected to break out these resistance levels of 38,678.49 and 38,831.20bps to confirm a strong recovery move.

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

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

Midweek’s upturn was due to price appreciation in stocks like GTCO, GSK, UACN Property, Cutix, Flour Mills, Vitafoam, Access Bank, Custodian Invest, UBA, Zenith Bank, Lafarge Africa, Fidson Healthcare, Fidelity Bank, and Oando, among others. This impacted positively on Year-To-Date loss, cutting it to 4.39%, while the drop in market capitalization YTD fell to N998.01bn, representing a 4.67% drop from its opening value for the year.

BullishSector Indices

All the sectorial indexes for the session closed higher, as NGX Insurance led the advancers after gaining 0.61%, followed by Banking, Energy, Consumer, and Industrial goods with 0.53%, 0.35%,0.14%, and 0.10% higher respectively.

Market breadth remained positive as advancers outnumbered decliners in the ratio of 22:13, while transactions in volume and value terms were up after stockbrokers had traded 296.1m shares worth N2.56bn. Volume was driven by trades in FBNH, Access Bank, Zenith Bank, Fidelity Bank, and Transcorp.

Cutix and John Holt were the best-performing stocks after gaining 10% and 9.84%, closing at N3.65 and N0.67 per share respectively on earnings expectations and market forces. On the flipside, BOC Gases and Berger lost 9.94% and 9.64% respectively, closing at N7.70 and N8.90per share, on profit booking.

Market Outlook

We expect a mixed trend, on profit-taking and repositioning for half-year earnings reporting season kicking off any time soon after forming a wave that supports an uptrend as bargain hunters take advantage of pullbacks to reposition ahead of Q2 numbers. It is noteworthy that oil price continues its recovery at the international market, even as corporate actions and interim dividend possibilities around the corner.

We note also that some stocks are trading within their buy ranges to become more attractive at this point for income investors and traders, even as the market anticipates positive news, while oil price continues to oscillate above $73pb to support global economic and stock market recovery across climates. We also expect the ongoing COVID-19 vaccination to support a global and domestic economic recovery that will enhance the market and give direction.

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

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

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

We appreciate all participants and speakers for making the Investdata Q3 master class a success.

https://investdata.com.ng/profit-taking-correction-ahead-of-h1-earnings-but-let-your-investment-goals-guide-you/

Mindset Wisdom: Where's The Edge?

That edge you thought you had.

It was there when you started. And now it's gone.

The strategy you thought was back-tested and bulletproof vanished into the wind with everyone else's supposed "edge."

Now here you are, staring at your screen looking for a another clue.

Forget the indicators. Forget having an edge. It doesn't exist. Make a list of where you want your trading to be, and plan to spend time grinding it out.

One entry. One stop. One target at a time.

Soon enough, you'll find that your true edge is your consistency. And then the profits will start to roll in.

Sentiment Report for July 8, 2021

NGX buy 60% sell 40% volume index 1.07 MFI 53.18
Access buy 0% MFI 76.03
Aiico buy � volume index 0.76 MFI 51.55
Courtville buy � volume index 5.25 MFI 66.54
Fbnh buy 50% sell 50% volume index 0.81 MFI 69.94
Fcmb buy 0% MFI 55.45
Fidelity buy 0% volume index 1.57 MFI 67.96
Fmn buy 50% sell 50% MFI 61.60
GTCO buy 75% sell 25% MFI 27.66
Jaiz buy � volume index 1.14 MFI 29.32
Jagold buy � MFI 52.08
Lvstk buy � MFI 23.01
Mtnn buy � volume index 1.46 MFI 45.97
Nahco buy � volume index 0.79 MFI 54.36
Oando buy 0% volume index 0.75 MFI 70.00
Sovrenins buy � MFI 76.81
Stanbic buy 0% volume index 3.05 MFI 50.73
Sterling buy 0% MFI 78.71
Transcorp buy 57% sell 43% volume index 3.53 MFI 45.08
Uacp buy 10% sell 90% volume index 4.61 MFI 94.25
Uba buy 0% volume index 0.82 MFI 70.02
Ucap buy 0% volume index 0.72 MFI 40.06
Wema buy � volume index 1.33 MFI 76.82
Zenith buy � volume index 1.35 MFI 79.93

Investdata Daily Sentiment Report

Stock Market Review with Kaftan TV as of 2nd July 2021

Hello Investors and Traders,

I just posted regarding the Market Update with KAFTAN TV as of 02/07/2021.

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


https://www.youtube.com/watch?v=0RbQYt_SYmA

Ambrose Omordion

Trading Within Buy Ranges, Stocks Become More Attractive For Income Investors, Traders


Market Update for July 5

The nation’s stock market had a mixed session on Monday, maintaining positive sentiments for the second successive session on a very high traded volume and positive breadth amid sector rotation ahead of the Q2 earnings season and economic data that would reveal the state of the economy.

The increasing buying interests in interim dividend-paying stocks have made many blue-chip companies, as well as medium and low cap stocks to break out from their consolidated patterns during Monday’s trading session as more companies announce their closed period. Many others are also giving board meeting notifications for half-year results approval, a situation that has triggered these waves in the market.

Also, insider dealings announcements and others continue to guide discerning investors and traders on their positioning after the just-ended quarter. The mixed sentiment and trend expected at the market arena are due to players booking profit from the recent rally ahead of earnings expectations.

To navigate the month profitably, order for Investdata video title Stock Market Analysis Beyond Fundamentals and Technical Analysis to enhance trading decisions and boost your bottom line. Also, to up your game in stock trading and investing, check out the video materials below.

Technically, the NGX index action is on an impulsive wave on a daily time frame after forming a double bottom and a zigzag chart pattern that supports an uptrend on improved volume to sustain a bull transition, ahead of financial news. The daily candlestick formation as we go into the month will give direction as to what we should expect in Q3, besides giving more insights into the entire second half of the year. Market recovery at this point may be powerful, depending on the state of the expected numbers and others, although with the possibility of maintaining what we saw in 2020 and the Q1 corporate earnings are high.

Meanwhile, Monday’s trading opened slightly in the green, before oscillating between midday to the afternoon session on the accumulation of position and profit-taking among blue-chip stocks and low-priced equities that push the benchmark index to an intraday high of 38,243.00 basis points from its lows of 38,189.99bps.

Market technicals on Monday were positive and strong, with volume traded higher than the previous day’s, in the midst of breadth favoring the bulls on a mixed sentiment as revealed by Investdata’s Sentiments Report showing 57% ‘buy’ position and 43% sell volume. The total transaction volume index stood at 1.31 points, just as the energy behind the day’s performance was relatively weak, as seen in the 48.48pts Money Flow Index, compared to the previous day’s 39.12pts, indicating that some funds entered the market despite the marginal gain.

Index and Market Caps

At the close of Monday’s trading, the key performance index gained a marginal 8.00bps, closing at 38,220.01bps, from an opening level of 38,212.00bps, representing a 0.02% rise, just as market capitalization inched N4.17bn up, closing at N19.92tr, from its opening value of N19.92tr, representing a 0.02% value gain.

Attention: If you have not signed up for INVESTDATA buy and sell signal setup, don’t delay. As the number of stocks entering their buy range has just increased to 15 as they build a new bullish base to be on our watchlist. These stocks are with double potentials to rally considering their earnings prospect and oscillating mood of the market.

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 again.

The session’s upturn was driven by position taking in stocks like Access Bank, Stanbic IBTC, UBA, Zenith Bank, Cutix, United Capital, Oando, NCR, Livestock Feeds, PZ Cussons, Mutual Benefits, and Regency Assurance, among others. This mildly impacted on Year-To-Date loss, cutting it to 5.09%, while the drop in market capitalization YTD stood at N984,67 billion, representing a 5.19% drop from its opening value for the year.

Mixed Sector Indices

Performance indexes across sectors were mixed, as the NGX Consumer and Industrial Goods were down with 0.39% and 0.06% respectively, while the NGX Insurance led the advancers after gaining 1.47%, followed by Banking and Energy with 0.63% and 0.51% higher respectively.

Market breadth remained positive as gainers outnumbered losers in the ratio of 27:16, while activities in volume and value terms were mixed after players had traded 282.62m shares worth N1.87bn. Volume was driven by trades in Fidelity Bank, Wema Bank, Universal Insurance, FCMB and Sovereign Trust Insurance.

Cutix and NCR were the best-performing stocks after gaining 10% and 9.69%, closing at N3.30 and N2.49 per share respectively on earnings expectations and market forces. On the flipside, Redstar Express and ABC Transport lost 9.81% and 8.11% respectively, closing at N3.31 and N0.34 per share, on selloffs due to poor numbers/ payout and profit-taking.

Market Outlook

We expect a mixed trend, being the beginning of earnings season month after forming a chart pattern that support an uptrend as bargain hunters take advantage of pullbacks to reposition ahead of the half-year earnings reporting season. It is noteworthy that oil price continues its recovery at the international market, even as full-year and interim dividend possibilities around the corner.

We note also that some stocks are trading within their buy ranges to become more attractive at this point for income investors and traders, even as the market anticipates positive news, while oil price continues to oscillate above $73pb to support global economic and stock market recovery across climates. We also expect the ongoing COVID-19 vaccination to support a global and domestic economic recovery that will enhance the market and give direction.

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

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

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

We appreciate all participants and speakers for making Investdata Q3 Master Class a success.

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

https://investdata.com.ng/trading-within-buy-ranges-stocks-become-more-attractive-for-income-investors-traders/

Mindset Wisdom

“In investing, what is comfortable is rarely profitable.” Robert Arnott
 
I've got news for you. If you think you can strike it big while staying perfectly comfortable, you're wrong. 

And it won't be very long before you figure that out for yourself. 
 
The fact is, it's hard to get the rewards when you never take any risks. While no one wants you to stop investing and start gambling, you can't level up your trading if you aren't willing to risk a little discomfort now and then.
 
I'm not saying it's impossible, but why stack the odds against yourself?

Sentiment Report for July 6, 2021
NGXASI buy � volume index 1.31 MFI 58.85
Access buy 89% sell 11% volume index 1.30 MFI 76.68
Afrprud buy � volume index 2.81 MFI 34.15
Aiico buy � volume index 1.35 MFI 46.29
Chams buy 0% volume index 1.56 MFI 89.93
Courtville buy � volume index 1.33 MFI 42.77
Eti buy � volume index 0.74 MFI 52.20
Fbnh buy � volume index 3.44 MFI 68.31
Fidelity buy 67% sell 33% volume index 3.32 MFI 73.14
Fidson buy � volume index 2.68 MFI 79.58
Fmn buy � volume index 1.03 MFI 60.86
GTCO buy 40% sell 60% MFI 33.94
Honyflour buy 0% volume index 2.77 MFI 57.21
Jaiz buy 0% volume index 0.74 MFI 29.86
Jagold buy 33% sell 67% MFI 54.59
Learn buy � volume index 2.83 MFI 84.34
Lvstk buy � volume index 1.47 MFI 22.36
Mansard buy � MFI 52.13
Mben buy � volume index 0.81 MFI 56.66
Oando buy 0% volume index 0.79 MFI 70.72
Seplat buy � volume index 2.67 MFI 65.29
Sovrenins buy � volume index 1.10 MFI 76.78
Sterling buy 86% sell 14% volume index 0.88 MFI 71.72
Transcorp buy 50% sell 50% volume index 1.35 MFI 23.15
Uba buy � volume index 2.65 MFI 73.28
Ucap buy 60% sell 40% volume index 0.77 MFI 44.44
Vitafoam buy � volume index 0.72 MFI 89.21
Wapco buy � volume index 2.53 MFI 76.81
Wema buy 67% sell 33% volume index 1.36 MFI 62.40
Zenith buy � MFI 80.59

Investdata Daily Sentiment Report

Sentiment Report for July 5, 2021

NGXASI buy 57% sell 43% volume index 1.31 MFI 48.84
Access buy � volume index 1.13 MFI 77.31
Afrprud buy � MFI 26.15
Aiico buy � volume index 1.96 MFI 38.83
Dangsugar buy 0% volume index 0.73 MFI 69.47
Fbnh buy 33% sell 67% volume index 1.36 MFI 62.03
Fcmb buy 0% volume index 2.60 MFI 62.62
Fidelity buy 67% sell 33% volume index 2.44 MFI 59.02
Fidson buy � volume index 4.85 MFI 76.01
Fmn buy 78% sell 22% volume index 4.21 MFI 54.50
GTCO buy 0% MFI 40.47
Honyflour buy 0% volume index 0.99 MFI 70.87
Jaiz buy � MFI 32.64
Jagold buy 33% sell 67% MFI 34.96
Learn buy 75% sell 25% volume index 2.30 MFI 63.23
Lvstk buy � volume index 4.56 MFI 12.69
Mansard buy � volume index 0.74 MFI 57.86
Mben buy 50% sell 50% volume index 1.86 MFI 55.49
Nahco buy � volume index 5.63 MFI 29.23
Nem buy 0% volume index 2.01 MFI 83.50
Npf buy 0% volume index 1.76 MFI 61.51
Oando buy 63% sell 37% volume index 1.83 MFI 68.44
Presco buy 0% volume index 1.30 MFI 82.98
Pz buy 0% volume index 3.89 MFI 74.82
Sterling buy 0% volume index 1.46 MFI 47.00
Transcorp buy � MFI 25.88
Uacp buy � volume index 3.02 MFI 89.59
Uba buy 80% sell 20% volume index 1.69 MFI 67.22
Ubn buy � volume index 0.80 MFI 23.40
Ucap buy 93% sell 7% volume index 0.99 MFI 53.01
Unity buy � volume index 2.40 MFI 36.09
Wapic buy � volume index 1.34 MFI 41.21
Zenith buy 75% sell 25% volume index 0.79 MFI 80.39

Investdata Daily Sentiment Report

Recovery, Mixed Indicators Likely In July, As Earnings, Data Confirm Real State Of Economy


Market Update for the Week Ended July 2 and Outlook for July 5-9

The trading week that ushered in the third quarter and earnings reporting season month on the Nigerian Stock Exchange had a mixed trend and closed the period higher on a less-than-average traded volume, thereby halting two consecutive weeks of bear transition, as players rebalanced their portfolios for the just-ended quarter and ahead of earnings expectations.

The continued notification of closed period and board meetings by directors of quoted companies for approval of their half-year financials seems to have triggered buying interests across sectors, including value and growth stocks of dividend-paying equities. We note also that the March year-end accounts have given insights into what investors should expect from the larger market, going forward. The summary is that some of these companies grew their payout while some had a dividend cut to reflect their performance for the financial year ended March 31, 2021. Just as medium and low priced stocks like Vitafoam, Berger Paints, Cutix, Ikeja Hotel and Learn Africa made new 52-week high at the end of Friday.

The global economy and markets remain mixed, despite the vaccination driven economic recovery across climates, even as the World Bank has upgraded its economic growth outlook based on the ongoing vaccination, reopening of economies, and government polices at different levels.

Back home, the seeming economic recovery and mixed indicators are likely to continue in the new month and quarter, while we expect corporate earnings, economic data and developments to confirm the real state of the nation’s economy as implementation of the 2021 national budget continues,with supplementary budget over N900 billion underway. These will be helped by the CBN’s continued intervention in critical sectors to boost productivity needed to create employment and support recovery.

In the new month, we expect the release of June consumer price index (CPI) by the National Bureau of Statistics (NBS) that would likely show reversal in inflation trend; just as the CBN’s Purchasing Managers Index (PMI) for June is equally expected. The nation’s GDP is still on a weak recovery mode to reflect the true state of the economy.

As corporate actions and earnings reporting season have been extended to July and August for December, March, April and May year-end accounts, the fundamentals of these earnings and dividend declaration will support the ongoing positive sentiment in market. Also, we note that some high and low priced stocks have this month as their qualification and mark down dates, a situation that will keep the market oscillating, while at the same supporting recovery.

Traders and investors who understand the importance of combining fundaments and technical analysis in making investment decisions in the stock market should take this opportunity to position in some sectors for medium and short-term gains, especially the banking, telecom, Industrial, agribusiness and consumer goods after a careful study of economic recovery and sectors that had supported the weak recovery which is likely to influence the performance of the companies in that industry and the market.

What to expect in July and August?

Release of morequarterly earnings and dividend payment. These earnings from listed companies may strengthen market fundamentals in the quarter.
Continuation of oscillating trend of equity prices as a result of repositioning of portfolio along the line of positive numbers and profit taking. Also the second half of this year will likely be dominated by positive sentiment.
Market outlook for July and rest of the quarter remain mixed and dicey. In the Nigerian market, the month of July has closed negatively in 5 times and positive two times over the past seven years. But there are the changing price patterns and trading environment, coupled with the recovery oil price that is trading above $75 per barrel in the global market and the CBN intervening in the FX market to ensure stability.
The sustained low valuation in the market may trigger high demand for stocks as players realign their portfolios. However, there is need to invest wisely, using volume, price action and sentiment when taking decisions as a trader.
Managing risks, trades and protecting capital at this point is very important, so you will determine when to buy or sell, by watching the stocks and the market, using technical analysis. Look for investdata daily sentiment timing report and home study video packs
Let numbers released by the companies guide your decision and time to stay in that position.
NSEASI WEEKLY CHART MOVEMENT

The Zigzag chart pattern formation and double bottom of the NGX Index action supports a continuation of trend and reversal, depending on market forces in this new week being the first full trading week of the new month and quarter. The candlestick is yet to give any signal on a weekly chart but new uptrend on a daily time frame.

Bullish Sectoral Indices

Performance indexes across the sectors were bullish, except for the NGX Oil/Gas that recorded a decline of 1.05%, while the NGX Consumer Goods led the advancers after gaining 5.14%, followed by Industrial Goods, Insurance and Banking indexes by 2.10%, 2.04% and 1.34% respectively,

Activates in volume and value terms were up slightly as investors exchanged 1.02bn shares worth N14.15bn, compared to the previous week’s 1.01bn units valued at N10.33bn, with volume driven by trades in Financial Services, Consumer goods and ICT industry, particularly GTCO, WemaBank, Zenith Bank, Transcrop and MTNN.

Ikeja Hotel and Linkage Assurance were the best performing stocks for the week after gaining 60% and 30.77% respectively, closing at N1.60 and N0.85 per share on market forces and half year earnings expectations. On the other hand, BOC Gases and Regency Assurance lost 18.96% and 14.29% respectively, at N8.55 and N0.42per share, on sellofsf and profit taking.

Market Outlook

We expect a mixed performance on profit taking, bargain hunting and accumulation of dividend paying stocks as portfolio readjustments on the recent pullback as all eyes are on Q2 corporate earnings, in the face of rising fixed income market yields.

Any breakout at this point offers new entry opportunities for traders and investors to reposition in value-laden underpriced growth stocks, while companies with March year-end accounts release their audited full-year numbers to support recovery. This is based on the fact that the rise in fixed income yields may not be enough to scare all investors away from the equity market.

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

We appreciate all participants and speakers for making Investdata Q3 master class a success.

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

https://investdata.com.ng/recovery-mixed-indicators-likely-in-july-as-earnings-data-confirm-real-state-of-economy/

WORDS TO TRADE BY

“Buy a stock the way you would buy a house. Understand and like it such that you'd be content to own it in the absence of any market.”

― Warren Buffett

Buying quality stocks that you are happy to hold onto despite what the market may do can help you build wealth in the long run.
You don't buy a house with plans to sell it the minute the water heater dies. The same applies to trading. You don't dump an investment as soon as the market goes south.
Good investments will ultimately beat the up and down surges of the market. Stay informed and buy trades that will build your wealth over time. Don't get impatient. Stick with it!

Quote of the day

Sentiment Report for the week Ended July 2, 2021

NGXASI buy 99% sell 1% MFI 52.84
Access buy 80% sell 20% MFI 46.42
Afrprud buy 60% sell 40% volume index 0.84 MFI 33.92
Aiico buy � MFI 40.92
Berger buy � volume index 2.27 MFI 98.49
Cadbury buy � volume index 2.24 MFI 38.21
Chams buy � volume index 0.94 MFI 42.46
Chiplc buy � volume index 0.85 MFI 56.20
Corner buy 0% MFI 32.65
Courtville buy 50% sell 50% volume index 1.64 MFI 59.14
Custodian buy � volume index 4.36 MFI 83.93
Cutix buy � MFI 61.24
Dangcem buy � MFI 55.49
Dangsugar buy 56% sell 44% MFI 66.02
Eterna buy 0% MFI 81.55
Eti buy 50% sell 50% volume index 0.83 MFI 69.15
Fbnh buy 75% sell 25% MFI 49.36
Fcmb buy 17% sell 83% volume index 1.85 MFI 77.98
Fidelity buy 57% sell 43% volume index 0.78 MFI 34.87
Fidson buy 34% sell 66% volume index 1.50 MFI 62.65
Fmn buy 94% sell 6% volume index 1.29 MFI 35.70
Ftn buy 0% MFI 12.22
GTCO buy 0% volume index 0.82 MFI 34.00
Honyflour buy 79% sell 21% volume index 2.43 MFI 70.87
Jaiz buy 40% sell 60% MFI 22.28
Jagold buy 33% sell 67% MFI 49.46
Lasaco buy 52% sell 48% MFI 40.40
Learn buy 91% sell 9% volume index 3.62 MFI 64.03
Linkass buy 70% sell 30% volume index 2.30 MFI 89.72
Lvstk buy 56% sell 44% MFI 57.11
Mansard buy � MFI 46.15
Mben buy 0% volume index 0.89 MFI 47.30
Mtnn buy � volume index 1.41 MFI 89.02
Nahco buy � MFI 53.81
Nascon buy � MFI 29.91
Nem buy � MFI 46.65
Nestle buy � volume index 1.55 MFI 76.54
Npf buy 0% volume index 2.82 MFI 31.51
Oando buy 26% sell 74% volume index 1.97 MFI 54.73
Okomu buy � volume index 0.89 MFI 55.23
Pz buy 75% sell 25% volume index 0.85 MFI 80.12
Regalins buy 0% MFI 67.84
Royalex buy 0% MFI 32.12
Seplat buy � MFI 89.63
Sovrenins buy 33% sell 67% volume index 0.90 MFI 34.98
Stanbic buy � volume index 1.11 MFI 43.60
Sterling buy 17% sell 83% MFI 30.01
Transcorp buy � MFI 55.91
Uacp buy � MFI 55.43
Uacn buy 87% sell 13% MFI 73.97
Uba buy � MFI 65.22
Ubn buy � MFI 13.69
Ucap buy � MFI 63.71
Unilever buy 17% sell 83% volume index 1.24 MFI 31.90
Unity buy � MFI 32.09
Upl buy 6% sell 94% volume index 1.04 MFI 55.83
Veritas buy 50% sell 50% MFI 84.17
Vitafoam buy � volume index 1.20 MFI 91.55
Wapic buy 29% sell 71% volume index 0.84 MFI 39.57
Wema buy 95% sell 5% volume index 1.74 MFI 30.60
Zenith buy � MFI 63.22

Investdata Weekly Sentiment Report

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.

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

Cheekers Inn, We Love Having You Here.

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

Cheekers Inn, We Love Having You Here.

Contact Us Now:
Address: 45B, Marine Road Apapa, 2nd Badagry GRA, Lagos.
Phone: +2348141130809, +2348087216257, +2348153043876
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TEL: Contact us
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E-MAIL: ovarakonstantconsumables@yahoo.com
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TEL: Contact us
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E-MAIL: ovarakonstantconsumables@yahoo.com
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Phone: +2348036581734, +234807 7312805, +2347030567225
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Office Address: Konstant Industrial Estate, Benson Egbo Street off Ekredjebor Road Ughelli, Delta State.
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For inquiries and order placement;

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Office Address: Konstant Industrial Estate, Benson Egbo Street off Ekredjebor Road Ughelli, Delta State.
Phone: +2348036581734, +234807 7312805, +2347030567225
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For inquiries and order placement;

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Office Address: Konstant Industrial Estate, Benson Egbo Street off Ekredjebor Road Ughelli, Delta State.
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For your quality PVC Pipes of different lengths and sizes for waste disposal, water heater, borehole etc.

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Quote of the day

Konstant PVC Ltd

We produce PVC Pipes of different lengths and sizes to meet your home and office plumbing needs

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Sentiment Report for June 30, 2021

NGXASI buy � volume index 1.06 MFI 43.08
Access buy 0% volume index 1.34 MFI 79.71
Afrprud buy 0% volume index 2.24 MFI 22.89
Aiico buy 0% MFI 37.15
Berger buy � volume index 3.68 MFI 100.00
Courtville buy 0% MFI 32.96
Fbnh buy � volume index 1.23 MFI 60.17
Fidelity buy � volume index 0.99 MFI 55.56
Fmn buy � volume index 3.21 MFI 59.95
GTCO buy 0% volume index 0.70 MFI 51.05
Honyflour buy 56% sell 44% volume index 3.95 MFI 79.51
Jagold buy � MFI 39.74
Lasaco buy � volume index 3.91 MFI 54.07
Linkass buy � volume index 6.50 MFI 93.40
Mben buy � volume index 2.18 MFI 55.20
Oando buy 97% sell 3% volume index 8.80 MFI 78.41
Pz buy 0% volume index 1.40 MFI 34.77
Sovrenins buy 0% volume index 1.53 MFI 48.17
Sterling buy 0% MFI 20.15
Transcorp buy � MFI 31.74
Uacp buy � volume index 2.63 MFI 89.56
Uba buy � volume index 1.81 MFI 72.24
Ucap buy � MFI 44.22
Unilever buy � volume index 1.21 MFI 61.97
Vitafoam buy � MFI 87.69
Wapic buy � MFI 45.12
Wema buy � volume index 2.83 MFI 31.85
Zenith buy 0% MFI 83.14

Investdata Daily Sentiment Report

Half of the Year is Gone. Are you ready for this?

It is Ambrose Again...

Frankly, it’s amazing, when babies are learning how to walk, irrespective of the number of times they fall down even after sustaining an injury, they still stand up & try to walk over and over again; until they are perfect. Can you remember those days?

However, you don’t really practice this mentality as you grow up “never give up mentality" maybe because of other problems that life throws at you. Though you really need more of never give up mentality now because consistency & perseverance plays an important role in achieving any success in life including growing yourself on a daily basis. This I must confess is a herculean task.

By implication, you must force yourself to learn something new in your field even when you don't feel like it. After all, slow and steady wins the race. Feeling follows action.

So, never give up and be optimistic about getting a positive result. Remember the second quarter of the year is gone and maybe you are yet to achieve some of the financial goals you set for yourself this year.

Hence, focus on adding more value to yourself so that you can avoid making the same mistake you made last year.

Happy New Month!!!

Ambrose Omordion

P.S. Time is the greatest resource on earth and time is the material from which everything in life is made. Therefore, time equals life. Hence, time wasters are life wasters because every success achieves in life is a product of time. So, you can grow to any length depending on how you convert your time.


The choice is yours!!!

P.P.S. The InvestData MasterClass Registration will end Tomorrow Friday 11:59 pm. So, take action now because there will be no REPLAY, in fact, I will not save it. Hence, Call NOW 08028164085,08179547605 before it is too late.

Flour Mills Grows 2021 Net Profit By 116%, Offers N1.65 Dividend/Share

Investors are expected to react Wednesday to the audited result of Flour Mills of Nigeria Plc for the year ended March 31, 2021, submitted after trading hours Tuesday, highlights of which showed that net profit soared by 126%, significantly faster than the 34% growth in revenue within the period and 97% jump in net income tax for the period, following which dividend per share was increased by 18%.

According to the report submitted to the Nigerian Exchange (NGX), revenue for the period improved from N573.774bn in the corresponding period of 2020, to N771.607bn, of this amount, cost of sales grew from N573.774bn to N664.85bn; resulting in gross profit of N106.757bn, an increase from N65.787bn.

A breakdown of the revenue showed that sale of goods fetched a total of N742.409bn, from N561.447bn; while rendering of services contributed N29.198bn, up from N12.327bn; with the food segment contributing N478.331bn, as against the previous N358.353bn; followed by agro allied (comprising Golden Penny Vegetable oil, soyal oil; and margarine products), with N139.439bn, up from N105.463bn; leaving sugar with a total of N124.638bn, compared to the previous N97.629bn.

Cost of sales for the period was driven by the cost of raw and packing materials, which accounted for N583.617bn, up from N435.482bn; followed by production employee cost of N20.369bn from N17.51bn; depreciation rose from N20.043bn to N21.605bn; fuel and oil cost N17.806bn from N16.524bn; among others.

Net operating losses stood at N15.528bn, compared to the previous N4.905bn gain; just as write-back on trade and intercompany receivables stood at N2.093bn, compared to the N.988bn impairment loss reported in the same period of 2020.

Selling and distribution expenses climbed to N12.079bn from N9.278bn; administrative expenses increased during the period from N23.346bn to N29.045bn; leaving an operating profit of N52.196bn, up from N35.079bn.

Investment income increased to N3.652bn from N2.392bn; just as finance costs dropped to N18.655bn from N19.975bn; following which Profit before tax improved by 113% from N17.496bn to N37.193bn; while tax rebates stood at N91.216m, as against a tax expense of N243.222m; while profit after minimum tax improved from N17.253bn to N37.284bn. Net income tax increased from N5.876bn to N11.567bn; resulting in profit from continuing operations of N25.716bn, up from N11.376bn, from which the directors have proposed a dividend of N6.765bn, up from N5.74bn in the last financial year. This translated to Earnings Per Share of N6.38, up from N2.55, from which the board has recommended N1.65 dividend per share for approval by shareholders at the next annual general meeting, up from N1.40 in the prior full-year.

https://investdata.com.ng/flour-mills-grows-2021-net-profit-by-116-offers-n1-65-dividend-share/