₦airaland Forum

MSCI- NIGERIA MOVEMENT FOR 1 AUG 2018/GENERAL COMMENT

1ST of August was a no action day by the fund. The available fund ready to be deployed is still lying in fixed income investment. We keep watching to see the next move.

This bear market, which has made many of us to soft pedal on putting money in the market seems to be re-enforcing some good ideas we have taken for granted previously. On of such ideas is the fact that money rotates in sectors. Thus by being in the right sector at some point in time will produce more gain. For example, we can see that the Flour Millers are in trouble now, whereas the chemical/pharmaceuticals are coming up strongly. Therefore, if you see me put money in[b] May and Baker or Neimeth [/b]I am aligning myself with a sector that is doing well.

Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling.
Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.

N:B

Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who is doubting the efficacy of following the fund is to look at my recent recommendations for the past 2 months.

MSCI NIGERIA- INVESTMENT IN BOND

The money invested by the fund in Bond seems to be new money. Therefore, let us be alert, the fund may have sported some equities that have some value due to the recent fall in prices. Let us keep our arms folded and keep watching.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.

MSCI- NIGERIA MOVEMENT FOR 31 JULY 2018/GENERAL COMMENT

MSCI- Nigeria maintained clean slate on 31 July 2018. However, the fund put some money in bond. This is be a temporary shelter before fund goes out.

Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.

N:B

Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who is doubting the efficacy of following the fund is to look at my recent recommendations for the past 2 months.

MSCI- NIGERIA MOVEMENT FOR 30 JULY 2018/GENERAL COMMENT

MSCI- seems to have stepped down the selling substantially. This will give the opportunity for those stocks that have been held down due to selling pressures to move higher.

Above is a good development for the market, at least the bleeding will stop for now?

I have removed my trap as, prices are not likely to come to levels that are too low, since the bear flight is now experiencing some bad weather.

Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate so

N:B

Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who is doubting the efficacy of following the fund is to look at my recent recommendations for the past 2 months.

MSCI- NIGERIA MOVEMENT FOR 27 JULY 2018/GENERAL COMMENT

The “MSCI- Nigeria” slowed down on the selling pace on Friday 27 July 2018.

The gains on Friday was quite healthy, I have attached the summary of the weekly Stock exchange report.

Let us see how market will play out this Monday, with more results still coming there is the possibility of the bears going on holiday till the euphoria of some of the good results is fully digested.

Staying on the sideline continues for me, while looking for those extreme lows. I am only interested in a stock if the fundamentals leads, I will then follow up with the technical.

My trap are in terms of waiting to purchase at lower prices continues.

Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.
N:B

Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who is doubting the efficacy of following the fund is to look at my recent recommendations for the past 2 months.

MSCI- NIGERIA MOVEMENT FOR 26 JULY 2018/GENERAL COMMENT

The “MSCI- Nigeria” selling party continued as shown by the movement in the fund’s portfolio.

Staying on the sideline continues for me, while looking for those extreme lows. I am only interested in a stock if the fundamentals leads, I will then follow up with the technical.

With what is happening we will soon know who moves the market, as it seems some people are still not clear what influence the Foreign Portfolio Investors have on the market. Let us wait and see where the All Share Index will be in the next 3 weeks if the offloading continues. At start of trading today the All Share index is at 36,427.22.

Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling.
Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.

N:B

Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who is doubting the efficacy of following the fund is to look at my recent recommendations for the past 2 months.

MSCI- NIGERIA MOVEMENT FOR 25 JULY 2018/GENERAL COMMENT

The movement of the MSCI Portfolio showed unusual selling yesterday 25 July 2018.

There is no preaching necessary as to what we will see in the position of the Nigeria All Share Index. If I see the biggest loss on the index in recent time, I will not be surprised (unfortunately, the fund technically has a way in which their selling/purchases can be delayed for some days, this is legal, and therefore you may not see all these sales in the daily price list for yesterday).

I stay on the sideline for now, no new buys except at extremely low prices.

Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.

N:B

Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who is doubting the efficacy of following the fund is to look at my recent recommendations for the past 2 months.

MSCI- NIGERIA MOVEMENT FOR 24 JULY 2018/GENERAL COMMENT

24 July 2018, signaled the 2nd day of strong selling by the fund for this week. No surprise.

My buying boot still hung up, but I will not mind buying any equity that mistakenly fall to my trap at an extreme give away price (Transcorp NGN0.75, Caverton NGN1.76 etc) at least this will bring down my average purchase prices.

Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling.

I have been wondering how one can benefit or escape from the dangerous drawdown that usually follow the bear market. It seems the best way is just to go to cash/money market instrument. Looking for any defensive stock that will withstand the bear pressure still carry a lot of risk.
We continue to explore how to do better in the market over the long term.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.

N:B


Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who is doubting the efficacy of following the fund is to look at my recent recommendations for the past 2 months.

MSCI- NIGERIA MOVEMENT FOR 23 JULY 2018/GENERAL COMMENT

“Thisday newspaper” talk something about Foreign Portfolio Investment. Therefore, today some Investors who rely on news will further depress the market (this may however mean that the final bottom we are looking for is not that far as the news sellers will drive some stock to unbelievably lower prices, keep your money for the coming Black 2018 promotional offers). [/b]Continuing with our own follow up [b]the Fund fired on full salvo yesterday 23 July 2018, selling like no man business.

This is telling the reasonable investors to stay out of the market for now, some equities are likely to fall further. I am sorry to say this in view of the pain that people are suffering, but this is the reality on ground. If you will buy at all, bid at the lowest limit price possible!!!

I tried to go back to 22 July 2014 to see for myself if I continue to do buy and hold, the conclusion is left for us to decide individually.

Equity 23 July 2018 23 July 2014
Julius Berger 24.30 63.00
Conoil 27.00 62.32
Caverton 1.90 6.85


Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling.

I have been wondering how one can benefit or escape from the dangerous drawdown that usually follow the bear market. It seems the best way is just to go to cash/money market instrument. Looking for any defensive stock that will withstand the bear pressure still carry a lot of risk.
We continue to explore how to do better in the market over the long term.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.

N:B

Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may

MSCI- NIGERIA MOVEMENT FOR 20 JULY 2018/GENERAL COMMENT

Another sit down and look day for the fund, clean slate maintained for 21 July 2018.

I have been wondering how one can benefit or escape from the dangerous drawdown that usually follow the bear market. It seems the best way is just to go to cash/money market instrument. Looking for any defensive stock that will withstand the bear pressure still carry a lot of risk, my conclusion is that buy and hold is dangerous in this present time.

We continue to explore how to do better in the market over the long term.

Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.

N:B

Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who is doubting the efficacy of following the fund is to look at my recent recommendations for the past 2 months.

MSCI- NIGERIA MOVEMENT FOR 19 JULY 2018/GENERAL COMMENT

19 July 2018 another a clean slate day. The fund is waiting for the next move. However, the next move is likely to be from the middle of next week onwards.

I am looking at a good entry point for Transcorp (I am still working out the appropriate level for entry), when I did my initial workings and I was seeing a level like[b] NGN0.75, I told myself capital NO!!! It cannot be possible[/b]. But with the closing price of NGN1.16 yesterday the impossible price is not too far. We are now in the oversold Zone for this equity. However, if I do not come back with any figure just put a limit order to buy Transcorp at NGN0.75, it is already a strong demand Zone from the Monthly Chart (as regards how I determine these buy levels/demand levels I will be revealing the secret little by little, at least we all now know about MSCI Nigeria Fund!!!).

As usual I want to buy and post my contract note, this is showing that I am a general that will lead a battle and ask the other soldiers to follow, not the one that will tell the Soldier to attack and the hid in the bunker!!!

No fear for me in this market again I am now aligning myself with the buy low sell high principle.

Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.
N:B

Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who is doubting the efficacy of following the fund is to look at my recent recommendations for the past 2 months.

MSCI- NIGERIA MOVEMENT FOR 18 JULY 2018

18 July 2018 was a clean slate day. Not surprising, fund always slowdown in the face a pending major news.

Generally volume in the market is still low. For OANDO it was a case of the "black swan" (the bad news was least expected at this time, when all things being equal a good 2nd quarter result is expected). It is very unfortunate that the result will likely water down the effect of good result. For now for those of us who are have purchased this stock, we have no option but to hold on, I am expecting the lowest point to be between NGN4.37 and NGN3.75.

Expecting a dull market from now till next week end. MPC meeting again will be in focus against the meeting of 23-24 July 2018.

[/b]Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling.

[b]Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.


N:B

Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who is doubting the efficacy of following the fund is to look at my recent recommendations for the past 2 months.

MSCI- NIGERIA MOVEMENT FOR 17 JULY 2018

17 July 2018, some selling by the Fund. The fund’s activity in the market will continue on a low tempo, but tending toward the sale side.

Expecting a dull market from now till next week end. MPC meeting will be in focus against the meeting of 23-24 July 2018.

Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling.



Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.
N:B

Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who is doubting the efficacy of following the fund is to look at my recent recommendations for the past 2 months.

MSCI- NIGERIA MOVEMENT FOR 16 JULY 2018

Yesterday 16 July 2018 was a low selling day by the fund. This presents some good opportunity for us to see some positive price movements in the market.

[/b]Just like we have been saying, this is not a time to chase the market. If we have not positioned at a good price in anticipation of the 2nd quarter results, buying after the prices have move up may be a recipe for losses.

I do not expect heavy selling by the fund again from now till the middle of next week, [b]thus the bulls have some rope length to play with before the bear spring is pulled again.

No table is attached today!!!

Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.
N:B

Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who is doubting the efficacy of following the fund is to look at my recent recommendations for the past 2 months.

MSCI- NIGERIA MOVEMENT FOR 13 JULY 2018

On Friday 13 July 2018 the selling continues at a slightly lower pace.

This new week, if the selling by the fund reduces, then the expected bottom of the market may be a reality.

Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.
N:B

Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who is doubting the efficacy of following the fund is to look at my recent recommendations for the past 2 months.

MSCI- NIGERIA MOVEMENT FOR 12 JULY 2018/GENERAL MARKET COMMENT

FCMB was at the firing square as regards selling by the fund.

There is not much to do than to go back to the drawing board to go and continue to strategies as to how to snap up some good stock that has falling to ridiculously low prices.

However, we should know that those equities may not show profit immediately, but we are just positioning ourselves for the long term. An example will be getting Transcorp at a price of NGN1.20/below, this will be a good catch especially if the Naira remains stable within the next 6 months.

I am still on self-imposed holiday from buying anything for now. The bleeding I saw in my account yesterday told me that the bears are truly in control (no contention).

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.
N:B

Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling.
Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who is doubting the efficacy of following the fund is to look at my recent recommendations for the past 2 months.

MSCI- NIGERIA MOVEMENT FOR 10/11 JULY 2018/GENERAL MARKET COMMENT


The fund is pumping up the selling. This will definitely take the wing off any expected rise in price for the moment.

MSCI – Nigeria has been consistent, and the movement in fund’s portfolio has been a gauge for what the market will do for the day.

There is not likely to be much action for the bulls in this market, the bulls have been chased out of the scene, case closed for the week.

[b]Put further investing on hold. I am not willing to participate in the new craze of the Insurance sector. I see huge orders for Equity Insurance, Custodian and Regency Alliance (they are likely to go up and seems to be like the stock for dull markets like this). [/b]

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.

N:B

Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling.
Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who is doubting the efficacy of following the fund is to look at my recent recommendations for the past 2 months.

MSCI- NIGERIA MOVEMENT FOR 10 JULY 2018/GENERAL MARKET COMMENT


The selling train as at close of trading on 10 July 2018 seems to have changed to higher gear. The volume of selling is enough to subdue the few buyers in the market as at the moment.

I will not be surprised if one of the highest loosing day showed or either this week or next week.

The closest bus stop is about 35,755.62 for the all share index as shown below.

Waiting game continues. MSCI-Nigeria update for 10 July 2018 not yet out for yesterday’s figures as at the time of this posting, as usual we will catch up tomorrow.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.
N:B

Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling.
Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who is doubting the efficacy of following the fund is to look at my recent recommendations for the past 2 months.

KingDTee:
How come? Why are they selling everything?

They are not selling everything. They are selling to protect their investment from further losses/take profits in alignment with the current/expected market trend, just what a reasonable person will do.

Equally after series of selling, the fund have to sell the good investments further to maintain the required balance for the portfolio. Thus, this is the reason that selling leads to more selling.

MSCI- NIGERIA MOVEMENT FOR 9 JULY 2018/GENERAL MARKET COMMENT


Same song of selling occurred for 9 July 2018. However, the market was able to absorb this offloading without impacting the All Share Index considerably as the index closed for the day on the positive side.

We continue to watch the market, this is a period of continually buying the low and not expecting too much capital appreciation. As yesterday was not a big losing day for the all share index, release of the 2nd of Quarter result may usher in some temporary rally. We are still waiting more buyers as volume is still on the lower side.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.
N:B

Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling.
Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who is doubting the efficacy of following the fund is to look at my recent recommendations for the past 2 months.

MSCI- NIGERIA MOVEMENT FOR 6 JULY 2018/GENERAL MARKET COMMENT


Friday 6th July 2018 was another selling day. The quality of the stocks that were sold will definitely guaranty that the All Share Index will go down.

This is an interesting period for me in the market, in the sense that while the market is making some people to go crazy (because of the seeming unpredictability of the market). Everybody is predicting oil to go down in price, you can see the recent reported sales by the insiders of Seplat Shares, the sale must have been done on the forecast that oil price will go down. Alas oil price have refused to go down as expected, even as at this morning the dollar index (which is inversely correlated to Oil is equally going down). Thus Oil will likely be stable all things being equal at the current price.

In conclusion, except for the political risk the selling by MSCI Nigeria is likely to abate.

For now no panicking, let us wait for the fund to stop selling and then we will know which sector to start putting money against 2018 (thus if you cannot leave your fund in the market for the medium term, just stay by the sideline).

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.
N:B

Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling.
Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who is doubting the efficacy of following the fund is to look at my recent recommendations for the past 2 months.

MSCI- NIGERIA MOVEMENT FOR 5 JULY 2018/GENERAL MARKET COMMENT


For Wednesday and Thursday, MSCI maintained a clean slate (this is good new), but I am sure there will not be any substantial purchase until the last week of the month.

Some good volume showed up in UBA, Zenith and Transcorp yesterday 5th of July 2018. But generally the low volume in the general market continued.

With index closing at 37,743.22 , everybody will be slightly positive about the market. But the General situation has not changed, we are still in the bear market.

I am reverting back to my technical analysis knowledge as the fund is now less active. But will continue to monitor the MSCI index, as it provides me with an easy guide to know what the market is doing. I expect to be more profitable now as and I will be more selective in terms of the stocks I buy. My choice of equities will now be guarded by 20% fundamentals and 80% technical analysis, for me I have a quick way of determining fundamental of a company by looking at approximately 4 (four) ratios to keep thing simple and easy. Previously I imbibed the idea that fundamentals does not matter, just like what we read in all those foreign books, but alas this is a 3rd world Country where the level of uncertainty plus tendency to hide/give false information is too high.But with time and seeing so many companies that have gone out of business or are not doing well again. Examples are John Holt, RT Briscoe, NIYAMCO, Tantalizer, SCOA etc. I have escaped many of them without any significant loss of capital. Therefore, now that I have above average knowledge of technical analysis on my side, I will always escape any bad investment ahead of most members of the public even now there are some equities I will never touch, they don't even enter into my reckoning at all, just for the benefit of others I will mention Multiverse, Tripple Gee, Daar, Capoil, Multitrex.

Will be telling the forum what I am buying/selling from time to time. For now, I am putting a break to further purchases as I still have some money in the market and will be closely monitoring them.

Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.
N:B

Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who is doubting the efficacy of following the fund is to look at my recent recommendations for the past 2 months.

MSCI- NIGERIA MOVEMENT FOR 4 JULY 2018/YELLOW CARD FOR BEAR AT 35,755.92


Some good volume showed up in GTB yesterday. But generally the low volume in the general market continued.

With the 3rd quarter results just at the corner more volatility will come to the market. I expect a positive temporary bounce at about 35,755.92. Thus the bears will likely get a yellow card at around this 35,755.92 level. The bounce will be short life as supply is still lying ahead at 39,347.59. See further details in the chart below.


Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling. Sorry that MSCI portfolio could not be attached as portfolio was yet to be updated as at the time of posting, this should not be cause for alarm as we know what the fund is currently doing (we will catch up tomorrow).

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.
N:B

Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who is doubting the efficacy of following the fund is to look at my recent recommendations for the past 2 months.

MSCI MOVEMENT IN PORTFLIO FOR 3 JULY 2018/GENERAL MARKET COMMENT


Apathy of the fund for the market continues. The interesting or is it a cause for concern, is that the NAV is negative again. This will further let the fund postpone the resumption of buying activity.

One of the few things going on for Nigeria is the fact that Oil price is still stable which negated the anticipated weakening of exchange rate due to[b] the expected stronger Dollar.[/b]

For now let us just fold our hands and see when volume start coming into the market (there is lack of volume in the market for now). There is probability of significant price rises.

I feel for those who have suffered losses (I am equally affected). This season has drummed the need for patience into my head and I am happy with my recent purchases as I was able to buy at the lowest prices possible, such that if those equities lose 10% in value, I will be happy to sell. My recent purchase of OANDO at an average price of NGN6.50 is a case in point. I have purchase using good trading/investment principles and having been in the trade for about 2 weeks without the stock going below 10% of my purchase price (despite the carnage in the market), loss of 10% is good as my recovering back very soon is possible.

Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.

Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who is doubting the efficacy of following the fund is to look at my recent recommendations for the past 2 months

Hi, Fxuser:

In terms of the fund cash position, it seems the fund is selling and taking away the money for now.

The fund will have cash when you see a positive value under the "Market Value ($)" column.

I have used this to correctly see the fund bringing in new money.

Thanks Brother. i appreciate your contribution to this forum "1 love".

MSCI NIGERIA MOVEMENT IN PORTFLIO FOR 2 JULY 2018/GENERAL MARKET COMMENT

Yesterday was a low volume day for the market. Seeing this type of volume, I will be very happy to still keep my money in my pocket without being worried in the face of the temptation that some stocks are moving in prices.

However, I am not averse to snapping up some equities that mistaking fall into a very low price range (I have already given the example of CCNN at about NGN20 to NGN21, I will prefer NGN20).

The fund for now is ignoring the Nigerian market. Let us continue to wait for when the fund will be interested in the market. This is the time to gauge the strength of the local players in the market!!! (Let us see how far the locals can move this market, in the absence of the foreign funds).Time for some low volume stocks to shine. A case of when the cat is not around, the rats can now claim kingship of the house!!!

Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.

Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who is doubting the efficacy of following the fund is to look at my recent recommendations for the past 2 months

MSCI MOVEMENT IN PORTFLIO FOR 29 JUNE 2018/GENERAL MARKET COMMENT

Selling now reducing by the fund, but general volume in the market still low.

This new month is likely to be better than June as the level of selling by the fund is likely to ebb.

Check on our data integrity still shows we are using the correct data, if you compare the posting for the movement on 28 June (https://www.nairaland.com/yok/posts) with that of morning star (MSCI Portfolio Movement 28 June 2018). The good thing is that the movement from YOK's post comes earlier about one working day difference.

Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.

MSCI- NIGERIA MOVEMENT FOR 28 JUNE 2018

The selling is ebbing. Somehow, there seems to be so much opportunity in the market. However, on my side I am still looking forward to still buy some target equities low.

I am likely to add more to Oando if the Crude price is still above $70. Equally CCNN (Cement Company of Northern Nigeria) is a good buy, highest price I will pay will be NGN21 for now.

Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.
N:B

Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who is doubting the efficacy of following the fund is to look at my recent recommendations for the past 2 months.

MSCI- NIGERIA MOVEMENT FOR 27 JUNE 2018

Selling continues. The problem with the fund is that due to the need to maintain a specified percentage for all equities in the portfolio, once selling starts it will affect the whole portfolio. This is because if the selling is just one way, some of the equities will become overweight.

This market is waiting for rescue. So much negative news about Nigeria is currently dominating the media space, but the stability of Oil price is still the saving grace for our exchange rate/another market crash.

Let us continue to watch the market and be ready to snap up, good equities if it falls to the level that we can afford to hold for the long term. For example if I see CCNN at NGN20.00 (it is a buy for me).

Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.

N:B

Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who is doubting the efficacy of following the fund is to look at my recent recommendations for the past 2 months.

MSCI- NIGERIA MOVEMENT FOR 26 JUNE 2018

It was a high momentum selling day for the fund yesterday. The pressure of the selling by the fund should not continue like this today, as this type of volume can lead to a day with high percentage loss.

By the next time the volume of shares held by foreign and local Investors is shown, I am sure the holding by the foreign funds would have decreased.

Let us be guided again, this is not a time to buy breakouts at the tops. More prices likely to fall, time to look for those choice stocks at bargain prices.

Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.
N:B

Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who is doubting the efficacy of following the fund is to look at my recent recommendations for the past 2 months.

The fund legally have ways of trading in such a way that their action is not indicated in the official list for the day, it can be delayed for about a day. Nevertheless, this is not done all the time and so has little effect on our following the fund activities.

MSCI-NIGERIA MOVEMENT FOR 25 JUNE 2018

Another heavy selling day. No story to tell, time to stay off the market or be prepared to only invest for a fairly long period.

Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.

N:B

Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who is doubting the efficacy of following the fund is to look at my recent recommendations for the past 2 months.

MSCI MOVEMENT IN PORTFLIO FOR 22 JUNE 2018/GENERAL MARKET COMMENT

The fund see some value in Unilever. This is no surprise as the bear has driven some stock to that level that a long time investor can find value.

However, I will not plunge fully into the market until I see more value.

The comment of some many people on the fact that Honeywell Flour Mills experience further downward price move after some analysts’ recommendation is noted. Relying on fundamentals alone can be a recipe for huge losses, if we do not look at the demand side. Without buyers no stock can move up considerably, projecting exceptional high price targets at this bearish period “seems too good to be realistic”.

Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.