₦airaland Forum

Sentiment Report for weekend June 11, 2021

NGX buy 82% sell 18% MFI 47.99
Abc buy 0% MFI 45.81
Access buy 67% sell 33% MFI 39.98
Afrprud buy 89% sell 11% volume index 0.75 MFI 29.99
Aiico buy 0% MFI 63.83
Beta buy 0% MFI 30.83
Cap buy 0% MFI 69.68
Caverton buy 0% MFI 55.42
Chams buy � volume index 1.86 MFI 36.02
Chiplc buy 71% sell 29% volume index 2.36 MFI 72.67
Corner buy 0% MFI 48.83
Courtville buy 0% volume index 2.05 MFI 52.53
Cutix buy � volume index 1.12 MFI 59.43
Dangcem buy � MFI 71.30
Dangsugar buy � MFI 26.65
Eterna buy � MFI 88.21
Eti buy 80% sell 20% MFI 55.42
Fbnh buy 50% sell 50% MFI 60.69
Fcmb buy 84% sell 16% MFI 73.12
Fidelity buy 14% sell 86% volume index 1.08 MFI 29.89
Fmn buy 97% sell 3% MFI 45.31
Ftn buy 0% volume index 0.73 MFI 19.64
GT buy 71% sell 29% MFI 35.55
Honyflour buy 80% sell 20% volume index 1.62 MFI 47.69
Jaiz buy � MFI 24.47
Jagold buy 60% sell 40% MFI 47.79
Lasaco buy 0% MFI 56.20
Learn buy 9% sell 91% volume index 3.83 MFI 50.99
Linkass buy 20% sell 80% MFI 87.08
Lvstk buy � MFI 47.95
Mansard buy 71% sell 29% MFI 30.25
Maybaker buy 20% sell 80% MFI 46.13
Mben buy � MFI 59.10
Mtnn buy 0% MFI 83.96
Nahco buy � MFI 47.14
Nascon buy � volume index 2.65 MFI 28.95
Nem buy 0% volume index 1.56 MFI 50.22
Npf buy 91% sell 9% MFI 39.70
Oando buy 0% MFI 45.72
Okomu buy � volume index 2.39 MFI 55.03
Pz buy � volume index 1.06 MFI 79.39
Regalins buy � volume index 1.31 MFI 70.63
Royalex buy 9% sell 91% volume index 2.61 MFI 41.69
Seplat buy � volume index 0.75 MFI 84.40
Sovrenins buy 0% volume index 0.90 MFI 41.31
Stanbic buy 0% volume index 1.80 MFI 47.97
Sterling buy 71% sell 29% volume index 3.27 MFI 35.75
Transcorp buy � MFI 54.69
Uacp buy � MFI 46.23
Uacn buy 0% MFI 79.98
Uba buy 25% sell 75% MFI 35.06
Ubn buy � MFI 57.73
Ucap buy 95% sell 5% MFI 69.18
Unilever buy � volume index 1.56 MFI 31.55
Vitafoam buy � volume index 3.83 MFI 84.07
Wapco buy � volume index 0.80 MFI 43.47
Wapic buy 33% sell 67% volume index 1.74 MFI 49.47
Wema buy 0% MFI 20.65
Zenith buy 83% sell 17% volume index 0.76 MFI 44.09

Investdata Weekly Sentiment Report

Questions and Questions with Ambrose Omordion as at 12th June, 2021

Hello Investors and Traders,

I just posted Questions and Answers with Ambrose Omordion as at 13/06/2021.

Don't forget to share with me what you think about the Video.

Also, Click on subscribe button so that you can be among the first to get the latest update.


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

Ambrose Omordion

WORDS TO TRADE BY

"Outperforming the market is a difficult task."

―John Templeton

While outperforming the average returns of the market isn't impossible, it is tough. Only a few very serious traders have ever pulled it off on a consistent basis.

That's why it's important to focus your efforts on matching the average return of whatever market you are trading in. The market has a mind of its own and can be unpredictable. So if you can reach its average return, you're doing fine.

Don't get greedy. Use your trading strategy to minimize your risk and maximize your returns on a regular basis. Remember, consistent profit is better than sporadic profit if you're thinking long-term!

To all Nigerians
HAPPY DEMOCRACY DAY

To all Nigerians
HAPPY DEMOCRACY DAY

To all Nigerians
HAPPY DEMOCRACY DAY

To all Nigerians
HAPPY DEMOCRACY DAY

NGX Index Rebounds, Awaits Positive News, Amid Mixed Trend, Repositioning


Market Update for June 8

Nigeria’s equity market continued its volatility on Tuesday after the benchmark NGX All-Share Index closed higher, reversing previous day’s loss on the back of buying interests in highly priced and medium cap stocks, in the midst of rising yields and expected May inflation reports from the National Bureau of Statistics (NBS).

Sector rotation continued ahead of the earnings reporting season on the Exchange, with investors targeting consumer goods stocks with high elasticity of demand, a factor likely to boost numbers from these companies, especially those with March and May year-end accounts, and ahead of the half-year earnings reports.

The market continued its recovery from the May pullbacks and corrections, as Tuesday’s NGX index action rebound was on an above traded volume, high buying pressure and a slightly negative breadth. The market’s low Price-to-Earnings Ratio remains a major attraction, just as many companies are likely to sustain this uptrend in earnings performance.

Market participants are also waiting to confirm a breakout of the 39,000 basis points mark, or test the level and pullback to strengthen the market’s recovery mode. Already, there are tell-tale signs that smart money is taking positions ahead of Q2 numbers in the midst of the increasing insecurity challenges and rising yields, as revealed by volume and money flow index.

Following the daily and weekly chart, the NGXASI index’s action shows a reversal and positive picture going into the month, as the market is set to rally and experience a mixed trend on profit-booking, among other factors. We expect full-year and interim dividend announcements to support market fundamentals and attract more funds to the market.

Tuesday’s trading started on the downside in the morning and oscillated till midday before rebounding by the late afternoon on position taking in blue-chip stocks, among others, a situation that pushed the composite index to an intraday high of 38,881.70bps, where it closed from its lows of 38,661.47bps.

Market technicals were positive and mixed with higher volume traded than previous day’s in the midst of negative breadth and high buying pressure, as revealed by Investdata’s Sentiments Report showing 100% ‘buy’ volume. Total transaction volume index stood at 0.86 points, just as the impetus behind the day’s performance was relatively strong, as Money Flow Index read 57.59.pts, from the previous day’s 51.10pts, indicating that funds entered the market.

Index and Market Caps

At the end of Tuesday’s trading, the benchmark NGXASI gained a strong 192.72bps, closing at 38,881.70bps from an opening figure of 38,688.98bps, representing a 0.50% growth, just as market capitalization rose by N101.8bn, closing at N20.27tr, compared to its opening value of N20.16tr, also representing a 0.50% appreciation in value.

Attention: If you have not signed up for INVESTDATA buy and sell signal setup, don’t delay. We have just reduced to 8 STOCKS TO WATCH THAT ARE BUILDING NEW BULLISH BASE in our watchlist. These stocks are with double potentials to rally considering their current and oscillating mood of the market value.

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 day’s upturn was driven by buying interests in Dangote Cement, Okomu Oil Palm, Unilever Nigeria, Flour Mills, Vitafoam, PZ Cussons, Dangote Sugar, and Guaranty Trust Bank, among others. This impacted positively on Year-To-Date loss, reducing it to 3.45%, while the drop in market capitalization YTD reduced to N790.69bn, representing a 3.74% drop below its opening value for the year.

Mixed Sector Indices

Performance indexes across sectors were mixed, with the NGX Insurance and Banking closing lower by 1.03% and 0.05% respectively, while the NGX Industrial goods led the advancers after gaining 1.07% followed by Consumer and Energy that were up by 0.57% and 0.08% respectively.

Market breadth, however, remained negative, as decliners outnumbered advancers in the ratio of 17:15; while activities in volume and value terms rose, after stockbrokers traded 218.51m share worth N1.59bn, compared to the previous day’s 210.75m units valued at N1.5bn. Volume was driven by trades in Courtville Business Solution, Fidelity Bank, and AXA Mansard Insurance.

Okomu Oil and Learn Africa were the best performing stocks, gaining 10% and 9%, closing at N106.15 and N1.09 per share respectively on market forces and earnings expectation. On the flipside, Computer Warehouse Group and Regency Insurance lost 9.42% and 8.16% respectively, closing at N1.28 and N1.38 per share, on selloffs.

Market Outlook

We expect a mixed trend as profit taking and positioning continue in expectation of positive news, economic data and others in the midst of oscillating oil price and global economic and stock market recovery across climates, as high yields in the fixed income market depress equity market. We also expect the ongoing vaccination to support global and domestic economic recovery that will support 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.

The World Bank Group, on Tuesday, released its June 2021 Global Economic Prospects, showing that the global economy could expand as much as 5.6% this year, while Nigeria’s GDP could grow at a modest 1.8% rate in 2021, and then 2.1% next year. This is however dependent on certain internal and external conditions the report listed (READ MORE)

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.

INVESTDATA 2021Q3 MASTERCLASS

Theme: Road Map For Improved Trading Results&Enhanced Confidence

Sub-Topics

Building Wealth with Diversified Portfolios In Amidst Economic Recovery, Stagflation Alhaji KurfiGarba MD/CEO Apt Securities & Funds Ltd
Combining Technical Indicators & Tools With Higher Time Frame To Initiate, Manage Trades Mr Abdul-Rasheed OshomaMomoh, Head Capital Market at Trw Stockbrokers Ltd
Volume Factors That Give Profitable Signals in Any Market Phase, or Cycle, Mr Ambrose Omordion, Chief Research Officer, Investdata Consulting Ltd
Based on the changing market dynamics and trading environment, Investdata Master class will show you how to effectively combine fundamental and technical tools to read and analyses simultaneously for a true insight into market actions and direction.

This Master Class will cover

Selecting portfolios that beat inflation in a recovery economy
How to read the higher and trading time frame bars for a true trading edge.
Knowing the factor that fuel stock market trading and how its impact your portfolio.
Entry and exit technique that get you in and out at good prices and add to your bottom line.
Improve your chances of entering wining trades, using volume factor and analysis to see what the market is doing more clearly and with a greater degree of confidence.
Trading the equity market on minutes and day charts can be challenging, because things or events happen so fast. Volatility occurs first on the daily time frame, often with little or no warning.

Momentum indicators like RSI, MACD and moving average are useful, but most times they give false signals, making many traders miss opportunities and solid trades. But for you to pinpoint a winning trade and where smart money is moving with more accuracy, you need volume analysis and sentiment reports.

Date: July 3, 2021

Time: 9am prompt

Venue: ZOOM.

Fee: N 50,000

However, with less than 28 days to the beginning of Q3 2021, you need a road map to navigate the quarter profitably with confidence. Don’t miss this opportunity as we countdown to July 3, 2021 for this Master Class.

During this practical session, our team of experts will reveal practical trade ideas and opportunities that you can apply or implement immediately in Q3 2021 to consolidate your gains, maximize returns and start tracking the result by yourself.

If it is your desire to be among smart investors and traders in Q3, send Yes to: the phone numbers below now.

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

CRO|Investdata Consulting Ltd
info@investdataonline.com
info@investdata.com.ng
ambrose.o@investdataonline.com

ambroseconsultants@yahoo.com

Tel: 08028164085, 08179547605
https://investdata.com.ng/ngx-index-rebounds-awaits-positive-news-amid-mixed-trend-repositioning/

A Process of Seed-Sowing

Ambrose Here,

Success doesn’t come with ease. As a matter of fact, the darkest lie you may have been told is that you will reap in abundance when you have sowed nothing. It is a big lie!” - Israelmore Ayivor,

Go into the fields and country lanes in the springtime and you will see farmers and gardeners are busy
sowing seeds in the newly prepared soil.

There is a process of seed-sowing in the mind. Life is spiritual sowing
which leads to a harvest according to the kind of seed sown. Your actions
are seeds sown and by the natural law of things, they produce after their kind.

The question now is, what type of seed have you been sowing in your
field of Investment and trading? Simply put, how often do you invest in yourself to understand the dynamics of how the market works considering the fact that you cannot reap what you did not sow.

As a result, I will be launching the Q3 MasterClass and if you missed the Q2 Masterclass then here is another opportunity to sow seed like the farmer and reap in folds nature will multiply it for you.

So, watch out for my subsequent posts where I will be announcing the launch.

Dedicated to Your Q3 Investment,
Ambrose Omordion

Sentiment Report for June 8, 2021

NGX buy � volume index 0.86 MFI 57.59
Access buy 0% MFI 31.91
Afrprud buy � volume index 2.28 MFI 20.28
Aiico buy 0% volume index 1.68 MFI 26.70
Corner buy � volume index 2.56 MFI 87.14
Courtville buy 0% volume index 5.49 MFI 8.45
Eti buy 0% volume index 1.64 MFI 45.01
Fbnh buy � MFI 69.92
Fcmb buy � MFI 74.32
Fidelity buy 0% volume index 2.12 MFI 26.02
Fmn buy � volume index 0.81 MFI 55.16
Ftn buy 0% volume index 0.74 MFI 30.50
GT buy � volume index 0.98 MFI 21.03
Honyflour buy 80% sell 20% volume index 2.65 MFI 37.79
Jagold buy 0% MFI 32.00
Mansard buy 0% volume index 3.14 MFI 48.28
Oando buy 0% volume index 2.94 MFI 54.24
Okomu buy � volume index 2.34 MFI 100.00
Pz buy � volume index 4.17 MFI 69.59
Regalins buy 0% volume index 1.58 MFI 42.46
Royalex buy 57% sell 43% volume index 1.97 MFI 46.49
Sterling buy � volume index 1.27 MFI 59.96
Transcorp buy 0% MFI 48.66
Uba buy 0% MFI 29.70
Ucap buy 0% MFI 27.97
Unilever buy � volume index 3.90 MFI 35.91
Vitafoam buy � volume index 1.35 MFI 76.66
Wapco buy 0% volume index 0.76 MFI 38.22
Wapic buy � volume index 2.01 MFI 34.13
Wema buy 0% volume index 1.53 MFI 30.33
Zenith buy 0% volume index 0.74 MFI 39.52

Investdata Daily Sentiment Report

WORDS TO TRADE BY

"The goal isn’t more money. The goal is living life on your terms."

―Chris Brogan

The end goal of trading isn't about making money. It's all about realizing your financial dreams so you can live life on your terms. When you work for someone else, you're helping them build their dreams.

Starting a trading business puts you on the path of working for your own future.
It may not seem like a big deal at first, but it’s the first step in starting a new way of life. Make smart trades and live life on your terms!

Mixed Trend, Amid Profit-Taking, Positioning Ahead Of Positive News, Economic Data


Market Update for June 7

Trading on the Nigerian Stock Exchange (NSE) on Monday had a mixed and volatile session, closing marginally lower on the back of zero positive news that is capable of boosting the market, following which stocks gave back a small portion of last Friday’s gains on an above average traded volume and negative breadth.

The profit booking or selloffs witnessed on the first trading session of the week, could also be attributed to the impact of FGN saving bonds opening at higher coupon rates or yields as government continued to borrow at higher cost to finance its projects. Subsequently, the one and two-year tenor rates stood at 8.89% and 9.8% respectively.

The mixed sentiments witnessed on Monday were due to profit taking in blue chip stocks and low priced equities that rallied recently, as the market retraced up. Despite the mixed sentiment, however, the NGX index action still closed above its 14 and 20-Day Moving Average, just as Money Flow Index is looking up at 51.10 points. It is also important to note that MACD remains bullish after crossing the signal line.

Also on Monday, share prices of BOC Gases, Skyway Aviation and NEM Insurance were adjusted for dividends recommended by their directors and approved by shareholders.

With the way the horizon is tilting, investors should change their perception and trading strategies as part of measures to stay ahead of the market, thereby ensuring that you are among the few who make money from equities’ trading. This is possible through regular learning of technical analysis and candlestick patterns, an advantage offered by Investdata’s Comprehensive Stock Market trading videos and literature provide, covering fundamental and technical analyses that help you make effective and profitable trades.

Meanwhile, Monday’s trading opened slightly on the downside and oscillated for the rest of the day on profit taking and positioning pushed the benchmark index to an intraday low of 38,669.01bps, from its highs of 38,726.10bps, and thereafter closed slightly below its opening level at 38,688.98bps.

Market technicals were weak and mixed as volume traded was higher than previous day’s in the midst of breadth favoring bears on selling sentiment as revealed by Investdata’s Sentiments Report showing 35% ‘buy’ volume and 65% sell position. Total transaction volume index stood at 0.83 points, just as the momentum behind the day’s performance was relatively weak, even as Money Flow Index looked up to 51.10pts, from the previous day’s 43.63pts, indicating that funds entered the market, despite closing lower.

Index and Market Caps

The NGX All Share index, at the end of Monday’s session, shed 37.12bps, closing at 38,688.98bps from an opening figure of 38,726.10bps, representing a 0.10% drop, just as market capitalization fell by N20.69bn, closing at N20.16tr from the opening value of N20.18tr, representing a 0.10% value loss.

Attention: If you have not signed up for INVESTDATA buy and sell signal setup, don’t delay. We have just reduced to 8 STOCKS TO WATCH THAT ARE BUILDING NEW BULLISH BASE in our watchlist. These stocks are with double potentials to rally considering their current and oscillating mood of the market value.

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 selloffs in Guaranty Trust Bank, Zenith Bank, Unilever, UBA, UBN, FCMB, Ucap, Lafarge Africa, Oando and GSK, among others, a situation that mildly impacted Year-To-Date loss, increasing it to 3.93%, while market capitalization YTD stood at N864.48bn, representing a 4.39% drop below its opening value for the year.

Bearish Sector Indices

Performance indexes across sectors were down, except for the NGX Oil/Gas that closed 0.31% higher, while the NGX Insurance led the decliners afterlosing 1.30% followed by Banking, Consumer and Industrial goods that were down by 0.86%, 0.09% and 0.07% respectively.

Market breadth turned negative, as decliners outnumbered advancers in the ratio of 28:13; while transactions in volume and value terms were mixed, as investors exchanged 210.75m shares worth N1.5bn. The day’s volume was driven by trades in FBNH, Coronation Insurance, Chams, Zenith Bank and Japaul Gold.

Morison Industry and Conoil were the best performing stocks, gaining 9.73% and 9.63%, while closing at N1.24 and N20.50 per share respectively on market forces and 2020 dividend of N1.50. On the flipside, Juli Pharms and Computer Warehouse Group lost 9.93% and 9.80% respectively, closing at N1.36 and N1.38 per share, on selloffs.

Market Outlook

We expect a mixed trend as profit taking and positioning continue in expectation of positive news, economic data and others in the midst of oscillating oil price and global economic and stock market recovery across climates, as high yields in the fixed income market depress equity market. We also expect the ongoing vaccination to support global and domestic economic recovery that will support 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 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.

https://investdata.com.ng/mixed-trend-amid-profit-taking-positioning-ahead-of-positive-news-economic-data/

Sentiment Report for June 7, 2021

NGX buy 35% sell 65% volume index 0.83 MFI 51.10
Access buy � MFI 38.03
Afrprud buy � volume index 1.16 MFI 26.77
Aiico buy � volume index 2.85 MFI 13.08
Chams buy 0% volume index 3.84 MFI 32.55
Chiplc buy � volume index 2.77 MFI 79.38
Cutix buy � volume index 2.51 MFI 68.22
Eti buy 0% volume index 1.45 MFI 48.51
Fbnh buy � volume index 0.71 MFI 67.17
Fcmb buy � volume index 0.85 MFI 76.98
Fidelity buy 50% sell 50% MFI 29.01
GT buy 0% MFI 22.42
Jagold buy 0% volume index 2.19 MFI 36.48
Learn buy 0% volume index 4.62 MFI 47.15
Lvstk buy 0% MFI 65.55
Mansard buy 25% sell 75% volume index 1.07 MFI 69.85
Regalins buy � volume index 2.06 MFI 50.09
Royalex buy � volume index 1.15 MFI 45.73
Sovrenins buy 50% sell 50% volume index 1.00 MFI 45.67
Sterling buy � volume index 1.53 MFI 59.86
Transcorp buy 0% MFI 52.38
Uacp buy � MFI 33.83
Uba buy 0% volume index 0.97 MFI 27.36
Ubn buy 0% MFI 1.49
Unilever buy � volume index 2.81 MFI 14.50
Vitafoam buy � volume index 1.29 MFI 74.53
Wapco buy 17% sell 83% volume index 1.02 MFI 50.39
Wapic buy � volume index 4.48 MFI 35.79
Wema buy 0% volume index 1.55 MFI 36.05
Zenith buy 0% volume index 0.75 MFI 40.87

Investdata Daily Sentiment Report

QUOTE OF THE DAY

QUOTE OF THE DAY

BUY AND SELL SIGNAL

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Amidst Mixed Outlook On NGX, Time To Diversify Portfolios, Protect Capital


Market Update for the Week Ended June 4 and Outlook for June 7-11

Trading activities on the Nigerian bourse last week witnessed improved buying interests among blue-chip stocks that pushed the composite NGX All-Share Index into positive territory on increased traded volume despite relatively low and flat market breadth.

The positive sentiment returning to the market after a long drawn correction and pullbacks are signs of likely reversal as revealed by the daily and weekly candlesticks in the first trading week of June, even as the buy volume for the period shows that buyers are taking over the market against sellers. Other momentum indicators are becoming bullish, just as money flow index is looking up and showing the movement of smart money as they reposition ahead of corporate actions, economic data, end of the quarter window dressing, Q2 earnings reporting season, and the recovery in oil prices to $71 at the international market, besides the rise in fixed income yields at a time of heightening security challenges in the country.

The recent rally or recovery noticed on the exchange has started to close the divergence between earnings and equity prices, as observed in the previous month after quarterly corporate earnings reports were announced in April.

Discerning investors who took advantage of the market pullbacks and correction in May to position in undervalued stocks with low Price-to-Earnings Ratio are already in profit, while others are waiting to confirm a breakout of the 39,000 basis points mark, or test the level and pullback to strengthen the market’s recovery mode. Already, market players are placing safe bets on Q2 numbers in the midst of the increasing insecurity challenges and rising yields.

Following the weekly chart, the NGXASI index action shows a reversal and positive picture going into the month, as the market is set to rally and experience mixed trend on profit booking, among other factors. We expect that the March year-end audited results and half-year interim dividend/earnings season will support market fundamentals.

Usually, as prices move away from the bottom, a sharp recovery may take place initially after the bottom completes. The rebound recorded last week or initial upward price trend often represents some of the strongest upward momentum after bearish trend.

Movement Of NSEASI

This week, buy interests dominated trading as the NGX ASI recorded four sessions of upmarket and one down, due to positive sentiments extending from the previous week as the composite index opened with 0.50% up, before going south on Tuesday, when it lost 0.06%, only to rebound by the midweek when it gained 0.20%. This was sustained on Thursday and Friday when the market recorded 0.20% and 0.50% growth respectively, bringing the week’s total gains to 1.23%, a significant rebound, compared to against previous week’s 0.18% slide.

Specifically, the key performance index gained 469.15 basis points, rising from the 38,256.96bps opening level, after touching an intra-week high of 38,726.10bps where it closed for the week, compared to the low of 38,256.21bps, on buy interests in bellwethers and medium cap stocks. During the period also, market capitalization rose by N245bn, closing at N20.19tr, compared to the previous week’s N19.94tr, which also represented a 1.23% appreciation in value.

Just as usual, the week’s advancers table was dominated by kobo stocks and medium cap equities, as repositioning continued ahead of Q2 earnings expectations. Also, trading and price actions revealed the presence of buyers in three sectors that supported the recovery.

The week recorded a flat breadth with advancers equal to decliners in the ratio of 33:33 on 100% buying sentiment and relatively strong momentum, as Money Flow Index looked up to read 40.65bps, from the previous week’s 33.40 points.

NSEASI WEEKLY CHART MOVEMENT

The NGX index action, after forming a systematical triangle-chart pattern, rebounded on improved buying volume that supports an uptrend, depending on market forces during the new week. The bullish candle signals reversal on a weekly time frame, while the daily chart is already trending up in the midst of the buying sentiments and positive breadth, amidst the ongoing portfolio repositioning on the strength of expected economic data and Q2 financials expected at the end of this quarter.

The strong resistance level to watch out for on the NGX is within the 38,814bps and 39,000bps, and a breakout of these levels will attract new positioning by traders and support uptrend. This is happening at a time crude oil has crossed the $71 per barrel level at the international market, as more economies reopen to business activities while the Covid-19 vaccination is on a high gear at the global and domestic levels. There is also the impact of positive economic data from the U.S and China that would support oil prices.

Mixed Sectoral Indices

Performance indexes across the sectors were mixed, with the NGX Industrial goods, Insurance and Banking closing 2.60%, 1.25%, and 0.04% higher respectively, while the NGX Energy led the decliners, shedding 0.79%, followed by Consumer Goods that closed lower by 0.37%.

The general market’s outlook remains mixed in the short and long-term, following which investors should take short and medium-term positions while diversifying their portfolios along long-term trades to protect capital. This, they should do, by considering sectors with high upside potentials on the strength of earnings and policy influence.

Activities in volume and value terms were marginally up as stockbrokers traded 1.08bn shares worth N9.55bn, compared to the previous week’s 1.04bn units valued at N9.47bn. Volume was driven by trades in Financial Services, Oil/Gas, and Conglomerates sectors, particularly Sovereign Trust Insurance, Zenith Bank, Veritas Kapital Assurance, Mutual Benefits, and Transcorp.

The best-performing stocks during the week were University Press and Morison Industries which chalked 43.59% and 20.21% respectively, closing at N1.68 and N1.13 each on full-year earnings expectation and market forces. On the other hand, CWG and Royal Exchange lost 26.09% and 11.11% respectively, at N1.53and N0.72per share, on selloffs and profit bookings.

Market Outlook

We expect mixed performance on profit-taking and portfolio readjustment on the recent rally, as all eyes are on economic data and Q2 corporate earnings, in the face of rising fixed income market yields. Also, any breakout at this point offers new entry opportunities for traders and investors to reposition in value and 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 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.

https://investdata.com.ng/amidst-mixed-outlook-on-ngx-time-to-diversify-portfolios-protect-capital/

Questions and Answers with Ambrose Omordion as at June 5, 2021

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I just posted Questions and Answers with Ambrose Omordion as of 05/06/2021.

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Ambrose Omordion

Expect Mixed Trend, Slowdown In Profit Taking, Amid Positive Earnings, Falling Prices


Market Update for June 3

Trading activities on the Nigerian Exchange on Thursday held its strong support level, as the composite All-Share index extended its bull transition for the second consecutive sessions on a high traded volume and breadth that favored the bulls. This followed the buying interests in blue-chips like MTNN, Zenith Bank, Lafarge Africa, Nigerian Breweries, Flour Mills, and United Capital, among others.

The benchmark index’s action sustained it seeming recovery as momentum gradually returns to the market on strong buying sentiments which made it trade above its 14-Day Moving Average, heading to 20-DMA, just as Money Flow Index is looking up at 34.44 points. It is also important to note that MACD is set to cross its bullish signal line.

With trading turning positive so early in the month of June, with renewed buying interests ahead of economic data, qualification and mark down dates, especially the March financial year-end accounts expected to hit the market any moment from now. It is important to note at this point that should the bull successfully push the market above its May 19, 2021 position (38,446.09 basis points), it is an indication that the uptrend will continue.

Technically, in a recovery market, when new resistance becomes support such as the trend is revealing, the best trading strategy is to target very low returns from every position. Traders must, therefore, focus on value areas, using technical tools to identify resistance and support levels of any position taking at this point.

Investors should target fundamentally sound stocks with prospect to maintain an uptrend in their earnings. Specifically, investors should target companies with earnings growth, quality and value that can match Investdata’s Earnings Gauges.

It is interesting to note that sector rotation has continued ahead of the half-year earnings season, as sectors and companies benefiting from the inflationary pressure and rising yields may likely post better-than-expected numbers. The trading pattern in the Treasury Bills and bond market were mixed and flat, with average TB yield in the secondary market staying at 6.10% while the last auction rate was 9.56%, with average yield of FGN bonds declining marginally to 12.22% in the secondary market. Meanwhile, events continue to unfold in the economy with expectations that there would be positive policy or statement from the government capable of turning things around for good.

On this note, investors should change their perception and trading strategies to stay ahead of the market, thereby ensuring that you are among the few who make money from equities’ trading, which is possible through regular learning of technical analysis and candlestick pattern. This is the advantage Investdata’s Comprehensive Stock Market trading videos and literature provide, covering fundamental and technical analyses that help you make effective and profitable trades.

Thursday’s trading started slightly on the upside and oscillated on positioning and profit taking that pushed the NGX index to an intraday high of 38,551.06bps, from its lows of 38,438.16bps, before closing slightly above its opening point at 38,548.24bps.

Market technicals were positive and strong as volume traded was higher than previous day’s in the midst of positive breadth and strong buying pressure as revealed by Investdata’s Sentiments Report showing 98% ‘buy’ volume and 2% sell position. Total transaction volume index stood at 0.97 points, just as the momentum behind the day’s performance was relatively weak, even as Money Flow Index looked up to 34.44pts, from the previous day’s 33.89pts, indicating that funds entered the market.

Index and Market Caps

At the end of Thursday trading, the NGX All Share index gained 65.72bps, closing at 38,548.24bps from an opening figure of 38,482.52bps, representing a 0.17% growth, just as market capitalization rose by N34.25bn, closing at N20.09tr from the opening value of N20.06tr, representing a 0.17% value gain.

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Thursday’s uptrend resulted from buying interests in NGX-30 stocks, among others, a situation that mildly impacted on Year-To-Date loss, reducing it to 4.27%, while the drop in market capitalization YTD stood at N964.48bn, representing a 4.57% drop below its opening value for the year.

Bullish Sector Indices

Performance indexes across sectors were up, except for the NGX Banking that closed 0.5% lower, while the NGX Consumer Goods led the advancers after gaining 0.23% followed by Insurance, Oil/Gas and Industrial goods thatwere up by 0.06%, 0.05% and 0.03% respectively.

Market breadth turned positive, as gainers outnumbered losers in the ratio of 19:15; while activities in volume and value terms were up, as players traded 249.69m shares worth N1.89bn, from the previous day’s 156.91m units valued at N1.33bn. Volume was driven by trades in Sovereign Trust Insurance, Zenith Bank, FCMB, Mansard and Fidelity Bank

University Press and Berger Paints were the best performing stocks, gaining 10% and 9.84%, while closing at N1.54 and N6.70 per share respectively on full-year earnings expectation and market forces. On the flipside, Computer Warehouse Group and Union Bank of Nigeria lost 9.63% and 6.72% respectively, closing at N1.09 and N5.55 per share, on selloffs.

Market Outlook

We expect a mixed trend and slowdown in profit taking in the midst of positive earnings and falling prices in the face of the global economic and market recovery across and the high yields in the fixed income market. We also expect the ongoing vaccination to support global and domestic economic recovery that will support 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.

Also, the market just started a new downtrend as it trades below the 14 and 20-Day Moving Average. Note that the market may discount the political and insecurity challenges headlines, ahead of half-year earnings reports.

However, the pullbacks offer bargain hunters and income investors fresh opportunities to reposition in high dividend yields and undervalued stocks, while looking out for quarterly numbers that would support recovery. This is based on the fact that the rising 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. This is especially given the rising oil prices that have so far supported the economy and equity market, despite the seeming improvement in the fixed income yield which had remained at negative real rate of return due to the subsisting high inflation.

However, the strong and faster recovery may continue, depending on market forces, going forward, as propelled by Q1 earnings reports and expected march full year audited accounts.

The NGX’s index action and indicators are heading in the same direction on a low traded volume and mixed sentiments in the midst of rising yield in bond and TB.

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

Meanwhile, the home study packs on Comprehensive Stock Mark Trading videos, 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

CRO|Investdata Consulting Ltd
info@investdata.com.ng
ambrose.o@investdataonline.com
ambroseconsultants@yahoo.com
Tel: 08028164085, 08032055467
https://investdata.com.ng/expect-mixed-trend-slowdown-in-profit-taking-amid-positive-earnings-falling-prices/

Sentiment Report for June 3, 2021

NGX buy 98% sell 2% volume index 0.97 MFI 34.45
Abc buy � volume index 2.32 MFI 45.27
Access buy � MFI 31.37
Cadbury buy � volume index 5.58 MFI 16.24
Chiplc buy � volume index 2.84 MFI 96.16
Eti buy 0% volume index 1.12 MFI 50.65
Fbnh buy 0% MFI 70.79
Fcmb buy 59% sell 41% volume index 4.98 MFI 60.28
Fidelity buy � volume index 0.88 MFI 28.10
Ftn buy 0% MFI 12.05
Glaxo buy 0% volume index 1.72 MFI 9.74
GT buy 0% MFI 20.86
Jaiz buy � MFI 26.73
Jagold buy � volume index 2.17 MFI 33.52
Lasaco buy � volume index 3.37 MFI 5.79
Mben buy � MFI 53.53
Nem buy 0% MFI 92.13
Regalins buy � volume index 1.74 MFI 84.69
Royalex buy � volume index 2.92 MFI 54.46
Sovrenins buy 33% sell 67% volume index 4.43 MFI 43.50
Stanbic buy 10% sell 90% volume index 4.67 MFI 23.17
Sterling buy � volume index 2.30 MFI 67.11
Transcorp buy � MFI 53.55
Uba buy 0% MFI 34.69
Ucap buy � volume index 1.05 MFI 30.43
Veritas buy 50% sell 50% volume index 1.99 MFI 100.00
Wapco buy � volume index 1.33 MFI 41.92
Wapic buy � MFI 65.13
Wema buy 50% sell 50% MFI 36.65
Zenith buy � volume index 1.26 MFI 54.94

Investdata Daily Sentiment Report

The Profit Point by OGTV as of 3rd June, 2021

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I just posted The Profit Point by OGTV as of 03/06/2021.

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https://www.youtube.com/watch?v=pAuPaYF8cAM

Ambrose Omordion

Mindset Wisdom: Accept

It's not the market that's causing bad trades. And It's not your indicator. It's the simple nature of TRADING!

Let it go. The first step toward consistent profits comes when you accept the reality that losses will occur. Prices have a mind of their own at times. The institutions are at the wheel. The sooner you accept this, the more progress you'll make.

Look at the past, but don't stare. Accept what's happened. Move on.

Target tighter entries. Get the heck out of those losers you're hanging on to.

Image: Dreamstime.com
Accept this truth, and start to enjoy trading!

5 Golden Rules to Follow When Trading Stock CFDs

The derivatives market is huge. It trades on more than 50 organised exchanges across the world, with North America and Asia Pacific being the biggest markets. It is estimated that the derivatives market is worth more than $1 quadrillion. Some analysts even believe that the size of the derivatives market is over 10 times the total GDP of the world.

Among financial derivatives, one of the most common are contracts for difference or CFDs. CFDs can be used to trade almost any financial asset, including stocks, and offer multiple benefits, such as high leverage, access to the global markets from a single platform, no shorting rules, and no day trading requirements.

Despite the multiple benefits, however, trading stock CFDs is not without its share of risks. So, here are 5 golden rules to follow when trading stock CFDs.

Invest in What You Know and Understand
Although taking the CFD route might seem less risky than trading stocks directly on exchanges, it is always a good idea to trade stocks that you are familiar with and understand what makes their value rise and fall. For this, you need to do your research. Find out what moves the stocks you are interested in.

Experienced traders track geo-political and economic factors, company earnings reports and world or domestic events that could help or hinder company/stock performance. Needless to say, it’s a good idea to stay abreast of financial news and events across the world.

When identifying which stocks to trade, it is useful to understand the difference between defensive and cyclical stocks. Defensive stocks usually belong to companies whose performance and profits remain comparatively less impacted by changes in economic conditions. Some examples of these companies are those that provide essential products and services, such as pharmaceuticals or food.

On the other hand, cyclical stocks belong to companies whose performance, and therefore, profits, are sensitive to changes in the economic conditions. Some examples of these stocks are real estate and automotive stocks. Once you know the difference, it becomes easier to track the economic and other news events that are likely to impact share price movements.

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Trading History, Volume & Volatility
A robust online trading platform that offers powerful technical analysis tools can help you review charts and other stock data to establish a stock’s historical performance. It could help you identify patterns in price movements, whether there is any seasonality effect and even predict future price movement.

Apart from historical price data, it is also important to keep track of trading volumes. Trading volume is an effective indicator of the health and strength of a stock. Volume, in this case, is measured in terms of the number of shares and futures contracts traded during a given timeframe. You can choose indicators that use volume data to look for patterns in stock performance, as well as the current interest for a specific stock in the market.

Understanding how volatile a stock tends to be can be very useful in identifying trading opportunities. While greater volatility means more trading opportunities, it also means higher risk. Traders looking at taking short-term positions, in the hope of earning quick profits, might prefer stocks that are more volatile.

Discipline vs Emotions
Traders are only human, which means that emotions could colour trading decisions. Emotions like fear, greed, overconfidence or lack of self-confidence could wreak havoc on trading decisions. The good news, however, is that there are plenty of tools that can help keep emotions at bay.

The first such tool is a trading plan. A trading plan gives you a clear idea of what, when, why, and how you should trade. It takes into account your trading goals, risk appetite and trading style. With a demo account, you can test your trading plan for efficacy before applying it to live markets. However, remember to stick to your plan, with discipline and patience, regardless of what your emotions tell you to do.

Another way to ensure that emotions do not play a role in your trading decisions is to use automated trading tools, such as Expert Advisors. With such tools, you determine all the parameters beforehand and the trading robots take care of entering and exiting positions based on these parameters. They are not subject to the human frailty of emotions.

Learn from Successful Traders
One thing that is true for life and for trading is that learning should never stop. Successful traders can teach us a lot of about trading through their books. On the other hand, access to an online trading community, where you can consult your more experienced peers, have your questions answered and even use copy-trade, can be a great way to learn and grow.

Discussion forums are also great for learning tips and tricks of the trade, quite literally. When you share with other traders, you also get to learn from their mistakes and gain insights into where you might be going wrong.

Risk Management
Although stock CFDs mean that you do not need to own the underlying asset, derivatives trading comes with its own share of risks. Regardless of the tradable asset or means of trading, risk management is a trader’s best friend. Some of the key ways to manage risks while trading stock CFDs are:

Agile & Diversified Portfolio
This essentially means that you not only ensure that you hedge your risks with either other tradable assets or stocks/indices, you are also quick to adapt your portfolio to the changing market conditions. Also, keep track of laggard performers among stocks and revise your portfolio accordingly.

Stop Loss & Take Profit
Set your stop loss and take profit levels before entering into any position. This can help limit losses or lock in profits, when the market moves in an unfavourable direction. These orders also ensure that you do not overtrade or under-trade, due to overconfidence, greed or fear.

Use Leverage Carefully
One of the biggest advantages of trading stock CFDs is that you can benefit from leverage. With leverage, you can gain a much larger exposure to the market than would be possible with only the amount in your trading account. However, while this can help you multiply your profit potential, it can also magnify potential losses. So, determine how much you can afford to lose in a single trade and choose your leverage accordingly.

As well as these fundamental risk strategies, keeping a trading journal to learn from your mistakes is always a good idea to grow as a trader. It helps you identify patterns and emotions so that you can improve on your trading decisions.

Which stock CFDs are you looking to trade? Tweet us at @Derivdotcom and share your experiences.

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https://blog.deriv.com/5-golden-rules-to-follow-when-trading-stocks/?utm_source=verizonmedia&utm_medium=ppc-native&utm_campaign=ng-ba-deriv-stock-0221-en&device=c&vmcid=p%24g%2co%2414b11cbc-c536-11eb-9ac7-3863bb461ef8-7fbd4c5c0700%2ct%241622812163066

Konstant PVC Ltd

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Office Address: Konstant Industrial Estate, Benson Egbo Street off Ekrejobor Road Ughelli, Delta State.
Phone:+2348036581734, +234807 7312805, +2347030567225
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Konstant PVC Ltd

Contact us at;
Office Address: Konstant Industrial Estate, Benson Egbo Street off Ekrejobor Road Ughelli, Delta State.
Phone:+2348036581734, +234807 7312805, +2347030567225
Website: https://konstantpvc.business.site/

Konstant PVC Ltd

Contact us at;
Office Address: Konstant Industrial Estate, Benson Egbo Street off Ekrejobor Road Ughelli, Delta State.
Phone:+2348036581734, +234807 7312805, +2347030567225
Website: https://konstantpvc.business.site/

Konstant PVC Ltd

Contact us at;
Office Address: Konstant Industrial Estate, Benson Egbo Street off Ekrejobor Road Ughelli, Delta State.
Phone:+2348036581734, +234807 7312805, +2347030567225
Website: https://konstantpvc.business.site/

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

CONTACT US AT!

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

CONTACT US AT!

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

CONTACT US AT!

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

For inquiry and request for patronage, Kindly contact us through the details below;

LAGOS ADDRESS: 33 Adele Road, Apapa, Lagos.
TEL: Contact us
+2348057933767, 07036525597, 07038524258
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