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MSCI ADDITIONS/MOVEMENT FOR 22 JANUARY 2018

The above is as attached. The fund continue in buying the banking stock randomly plus others as it has done in the last one week.

Caution: This information is not an investment advice.

MSCI ADDITION FOR 19TH JANUARY 2018

The fund have started firing, still campaigning more in the banking sector, Diamond seems to be new bride with the usual dose of Transcorp, Fidelity FBNH and others as per the schedule below.

If you need further clarification on my posting, just e-mail via the forum.

Caution: Investing is a risky venture. This is just my opinion and I cannot be liable for any loss suffered as a result of following this recommendation All data used are assumed to be correct, but you may need to verify some of the figures independently.

MSCI ADDITIONS FOR THE WEEK ENDED 18 JANUARY 2018 (PART 1)

Below is the funds movement for the last one week on a Friday to Thursday basis. The data is very interesting as it clearly show what the dig money has done for the week.

We can see that the laggards in terms of index weight have suffered stagnation in their prices.

Thus, for our investment decision we can know where to focus. These 1st 4 equities especially when they are retracing look for good position to enter. The prices falling should be putting a smile on our faces as we should know that the good time to jump in will be at a good demand level. These, four equities looking at the expected results have good fundamental backing.

Below is our market map for FBNH for the coming week, as a review of buying one of the top equities based on catching a retracement.

Caution: Investing is a risky venture. This is just my opinion and I cannot be liable for any loss suffered as a result of following this recommendation All data used are assumed to be correct, but you may need to verify some of the figures independently.

If you are interested in further information or more in-dept analysis, you can send a request by sending me a mail via this forum.
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MSCI ADDITIONS/REDUCTIONS FOR 18 JANUARY 2018 WITH COMMENT YOU CAN USED TO PROTECT YOUR INVESTMENT

The above is attached for our guide. This is a subscription based information provided free as our contribution to the investing public.

If you are further information/explanation , you can send a request to me by via this forum.

Caution: Investing is a risky venture. This is just my opinion and I cannot be liable for any loss suffered as a result of following this recommendation All data used are assumed to be correct, but you may need to verify some of the figures independently.

M[b]SCI ADDITION FOR 17 JANUARY 2018[/b]

Below is the movement in the MSCI Nigeria Portfolio yesterday. It was observed that the top two additions in terms of portfolio weigh are FBNH and Diamond Bank.

It should be noted that the movements can be relied upon. The Fund is highly regulated and disclosing this type of information is required by the regulatory authority of the Country where the fund is domiciled.

I have found this information extremely useful, it has some fundamental reasons behind it, while I used it in a technical nature by the application of the statistical process of comparing the data between various dates and looking at the change in weight of the portfolio. I can confidently say that I don't bother my head so much about some dead news available all over the place. this like news behind the news.

Caution: Investing is a risky venture. This is just my opinion and I cannot be liable for any loss suffered as a result of following this recommendation All data used are assumed to be correct, but you may need to verify some of the figures independently.

WHAT STOCK CAN I BUY IF I AM SO MUCH AFRAID OF THE MARKET- STOCK PHOBIA

Some people are still so much afraid of the market and considering the recent rise in prices, do not wish to come to the market at all.

How I wish for those people I can guaranty that I will bear their loss, but they will take the profit. Alas, this is not possible even if you have paid me for the recommendation. What I have done is to pick the brain of another set of experts that are very good at fundamental analysis, I have always ignore their recommendation as sometimes it is too late to pick stock for somebody like me who want to see immediate gain. However, when they are right, the gain is always substantial.

For this I will recommend Flour Mills Plc and some other companies in this sector. The only factor that can undo this sector is a rise in exchange rate, but the exchange rate is stable for now.

To further support this attached is the price chart for wheat, it has been going down down.

If after this someone is still afraid to invest in a company/sector like this!!! I have nothing to say again. Note that there are still companies in sectors like this and I will be releasing them from time to time.

This is expo of the highest order.

For our MSCI followings, there seems to be some issue with the site only the Friday position is still displayed (I hope my browsing adblocker is not the problem).

If you need further clarification on my posting, just e-mail via the forum.

Caution: Investing is a risky venture. This is just my opinion and I cannot be liable for any loss suffered as a result of following this recommendation All data used are assumed to be correct, but you may need to verify some of the figures independently.

MSCI ADDITION FOR 10TH JANUARY 2018

Little addition by the fund. Continue to add more Seplat. However, the heavy cash is still yet to be deployed.

The fund is still likely to be planning the next course of action.

Caution: Investing is a risky venture. This is just my opinion and I cannot be liable for any loss suffered as a result of following this recommendation All data used are assumed to be correct, but you may need to verify some of the figures independently. You can check data at https://www.globalxfunds.com/funds/nge/ for the movement in the MSCI Nigeria fund

MSCI ADDITIONS FOR 9 JANUARY 2018

MSCI started their activity for the year by going for a selection of some banking stocks that were already in their portfolio


Caution: Investing is a risky venture. This is just my opinion and I cannot be liable for any loss suffered as a result of following this recommendation All data used are assumed to be correct, but you may need to verify some of the figures independently. You can check data at https://www.globalxfunds.com/funds/nge/ for the movement in the MSCI Nigeria fund

LET US ALSO ADD THESE LIST TO OUR IDEA BANK FOR 2018

For the 1st time I have been buying shares, this is the first time I feel so confident that as soon as the market tanks, I will not bee found napping, I will liquidate up to zero level and go into cash. Why this? There is so much money to be made such that as soon as the people we have been telling to come to the market start buying at higher prices and the shoemaker and pepper seller start talking about stock, I am done.

Let us enjoy why the party last.

I will be posting what the MSCI did on 9 January 2019.

This are the news ideas, sorry for duplicating if it has already been posted please. https://nairametrics.com/three-stocks-to-buy-and-sell-in-january/

Caution: Investing is a risky venture. This is just my opinion and I cannot be liable for any loss suffered as a result of following this recommendation All data used are assumed to be correct, but you may need to verify some of the figures independently.

MSCI ADDITION FOR 8TH JANUARY 2018

Below is the MSCI addition for the 1st working day (for the generality of people) of the new year.

There seems to be no significant change. As per recent trend the fund is now crazy about Seplat.

The fun will start when the funds start buying something new, may still continue to buy the banks, Cement Sector of a food and beverage company. The gun Powder is fully loaded.

Caution: Investing is a risky venture. This is just my opinion and I cannot be liable for any loss suffered as a result of following this recommendation All data used are assumed to be correct, but you may need to verify some of the figures independently. You can check data at https://www.globalxfunds.com/funds/nge/ for the movement in the MSCI Nigeria fund

GAME PLAN FOR WEEK ENDING 12 JANUARY 2018

The year began on a very good note. Market has been good, with no major pullback yet. Most of the equities look good, many of the companies have already achieved or surpass their previous full year result as at the third of the current year.

For the all share index, the next supply pint is between 40,630.58 and 42,445.71. Thus there is still room for good advancement.

For the rest of the report........https://www.slideshare.net/kelanio2002/game-plan-for-the-week-ending-12-january-2011

My next post will show some fundamentals on NASCON. The picture looks so good to be ignored. Despite the fact that I look more at technicals, the fundamental still determines whatever I will pick.

Latter today, we will see what MSCI Nigeria fund did in the 1st day that majority of offices returned to the market.

Caution: Investing is a risky venture. This is just my opinion and I cannot be liable for any loss suffered as a result of following this recommendation All data used are assumed to be correct, but you may need to verify some of the figures independently.

MSCI- NIGERIA FUND ADDITIONS BETWEEN 2ND AND 4TH JANUARY 2018

The fun has not been very active since 22nd December 2018. Likely to resume from next week. Also since the fund paid dividend last January, this January 5, 2018 they are also likely to pay dividend again, so they have been selling some little amounts just to have cash for dividend.

The fun is still buying Seplat in small quantities. So no big move seen yet. So the information is sometimes embedded in my other posts. But if I see anything substantial, I will escalate it. We are waiting for the equities that will be used to replace Unilever and UACN which are no more in the list.

The movement in the fund between 2nd and 4th January 2018 is shown below. However, what I can say is that the fund is having enormous cash available (about NGN904,199,292.00).

The decision by the fund around July 2017, when they postponed investing further in Nigeria market, brought back the little bear season we experienced, now that the fund and its allies are now pro-Nigeria, we can imagine the bull move that will come to the market . Let us have this in mind. this is the reason why every news is so optimistic in the market. Our own job is to position ourselves to make money from the big moves by the funds and insha Allah good things will happen to investors who can put their money in good stocks.

Going further, the closing figures in the market today showed some blue chips among the gainers, extrapolating this, next week is likely to be bullish.

Caution: Investing is a risky venture. This is just my opinion and I cannot be liable for any loss suffered as a result of following this recommendation. All data used are assumed to be correct, but you may need to verify some of the figures independently. You can check data at https://www.globalxfunds.com/funds/nge/ for the movement in the MSCI Nigeria fund

MY CHOICE AS TO WHETHER TO SELL TRANSCORP AND BUY FIDELITY OR FCMB

Looking at the charts, Transcorp seem just about to start trending. FCMB is currently trading at a supply point (the supply seems not very strong), with another one ahead at about 2.52.

For Fidelity there is a stronger supply point ahead at about NGN3.00.

Therefore, if I am worried about Transcorp, I may sell some transcorp, I will put in a limit order at about 2.10 (then adjust depending on how market plays out) in order to have some cash to play other equities.

As per the closing of today, there is really no need to panic, but Fidelity is likely to pull back soon.

The charts are shown below.

Caution: Investing is a risky venture. This is just my opinion and I cannot be liable for any loss suffered as a result of following this recommendation All data used are assumed to be correct, but you may need to verify some of the figures independently.

2018 STARTED ON GOOD NOTE: NOW I WILL BE STRICTER WITH MY STOP LOSS
 
Since the opening of the New Year, the market has been very good, but I am sure the race is just starting.
 
The first yellow card I will issue is for May and Baker. The stock is not moving as expected. If the stock goes below 2.40 (my stop loss level), I will bail out without looking back and then wait for a retracement on FCMB or Fidelity.
 
As regard the monitoring of the MSCI Nigeria fund, the fund still has much cash for the market, the purchase additional equity for 2018 is yet to start, safe for the little additions to the Seplat holding.
 
For now May and Bakers need to be under watch, a close above NGN2.79 may bring the stock back into reckoning.
 
Caution: Investing is a risky venture. This is just my opinion and I cannot be liable for any loss suffered as a result of following this recommendation All data used are assumed to be correct, but you may need to verify some of the figures independently.

SOME STOCK IDEAS FOR 2018- VERTVA HIGH CONVICTION PICKS

That 2018 will be a good year for the stock market is no more news. How do we position ourselves for it. The list below is a good one. Then I will add:

• Fidelity- Good performance Expected
• Caverton- 2018 election campaign, plus rising oil price. The economy will play into the hand of this company. Good for quick gains (just target like May and Baker, take your quick 20 to 30% gain and get out before the big crowd).
• Dangote Flour- No stopping this company, with the world price of wheat flat for a long time and likely to remain, this ATM must dispense cash.

I will just continue to watch to know when my technical will tell me that free money is not only available, but available fast. I have waited too long in Transcorp this year (since July at a stagnant price of 1.43, very frustrating although I am not losing, but for me not good enough.

As usual you can read all the English on this link (https://www.proshareng.com/admin/upload/reports/10879-Nigeria2018OutlookActaNonVerba-proshare.pdf) plus some other ideas, but the meat of the whole 169 pages is the list below. The 2017 performance makes the list too good to ignore.

On the MSCI addition, the fund seems to be on holiday after adding more Seplat (like the only Oil producing company now, until OANDO gets out of the SEC mess). UAC and Unilever no more in the daily list as at 27 December 2017, which stock will replace these?? This is why the list is worth following. The fund entered Fidelity, now others are now putting head, except there is a big disaster in Nigeria Fidelity Bank is likely to move higher.

Caution: Investing is a risky venture. This is just my opinion and I cannot be liable for any loss suffered as a result of following this recommendation All data used are assumed to be correct, but you may need to verify some of the figures independently. You can check data at https://www.globalxfunds.com/funds/nge/ for the movement in the MSCI Nigeria fund

GAINERS AND LOSERS FOR THE WEEK/MSCI ADDITION FOR 21 DECEMBER 2017

MSCI made little additions during the week. Attached was the addition for 21 December 2017 (latest available as at time of making this posting), Gains for the week seem fair and the losses too reasonable.

Caution: Investing is a risky venture. This is just my opinion and I cannot be liable for any loss suffered as a result of following this recommendation All data used are assumed to be correct, but you may need to verify some of the figures independently. You can check data at https://www.globalxfunds.com/funds/nge/ for the movement in the MSCI Nigeria fund

MSCI IS RESTING ADDED NOTHING ON 19TH. POSITION AS AT 20 DECEMBER 2017 IS ATTACHED

The Fund is sort of finished with the main activity for 2017. However, more cash is available for necessary firing power in 2018.



Caution: Investing is a risky venture. This is just my opinion and I cannot be liable for any loss suffered as a result of following this recommendation All data used are assumed to be correct, but you may need to verify some of the figures independently. You can check data at https://www.globalxfunds.com/funds/nge/ for the movement in the MSCI Nigeria fund

2017 NSE INDEX REVIEW AS A GUIDE TO POSITIONING OURSELVES FOR 2018

The 15 December 2017 stock exchange weekly report on the last page indicated that some stocks will be outgoing and some incoming for the various indexes. I believe that as participants in the market, this information can be useful as one these stocks will likely make some good move in the year 2018. However, which stock can this be?? Difficult question. All we have to do is follow up on these companies and if we see a specular result from them, we follow up appropriately and buy according to our capacity and if the stock fails to move as expected (kick it out of our portfolio and move on).

I have realized that my inability to do away with a stock that has reached my initial stop loss position has made me to tie down capital in unprofitable buys and then miss the good opportunities. Next year, this will change especially this attitude of considering the fact that the gains I am making from the good stocks will compensate me for the bad one, this seems to be a bad idea as it leads to holding the bad stocks for too long and then making a loss that are sometimes unrecoverable (when will UBA hit NGN50 again

Therefore from the list below, I want to follow the following companies and look for the appropriate buying opportunity (the list will definitely change if a company delivers a spectacular performance- sorry I will not touch the illiquid stocks). Illiquidity adds an additional risk therefore if I go into such stock, I will seek to get out when the ovation is still loud, I all learnt my lesson in the bear period around August this year, when my gain turned to instant loss as I tried to escape with the other people at the narrow door of illiquidity.

List: Dangote Flour, NASCON, Forte Oil, Honeywell, International Breweries (may be champion can ,make NGN4.00 again??), WAPCO, Diamond, CCNN and Conoil.

This is just one source of idea, other ideas will come via the Quarterly results and other important information like the posting in this forum/news.

Caution: Investing is a risky venture. This is just my opinion and I cannot be liable for any loss suffered as a result of following this recommendation All data used are assumed to be correct, but you may need to verify some of the figures independently.

MSCI INDEX IS WINDING UP ACTIVITES FOR18 DECEMBER 2017- NO MAJOR PURCHASE- ADDED MORE GUINNESS, SELL UNILEVER ETC/POSITIONING FOR 2018

Attached is the full list of the changes. With one major holding off the list additional space has been created for replacement.

Thank God we are aware of this list. We must improve in our investment profitability come 2018.

This then take me to what equities we need to be positioning ourselves for in 2018, maybe one of our selections may make this list or have substantial addition. It will be strictly for stocks that are in the major indexes as per the changes in the incoming and outgoing companies. Some of the incoming companies will now attract more visibility and some outgoing companies will try their best to fight and come back into the list. [b]Maybe to make a guess, Dangote Flour (you know this is our own “Tiger Brand”) may make the list, if it does not make the lIst at least, the fact that it is now part of the Pension index should impact the price positively. [/b]See my next postings for this.

Caution: Investing is a risky venture. This is just my opinion and I cannot be liable for any loss suffered as a result of following this recommendation All data used are assumed to be correct, but you may need to verify some of the figures independently. You can check data at https://www.globalxfunds.com/funds/nge/ for the movement in the MSCI Nigeria fund . If you are interested in the excel sheet from where the additions/subtractions are derived, you can send me an e-mail via this forum.

COMMENT ON NSE FOR THE WEEK ENDED 15 DECEMBER 2017

The week closed lower, but there is a good demand point at 36,562.00. The year is being rounded up, after next week Friday activities at the exchange may start declining in terms of total volume traded,

This is our time to start planning for next year. I believe we are already tightening our belt for safe landing of 2017 and positioning ourselves for 2018. We need to keep some cash around to take opportunity of some stock hitting the bottom. For example if Fidelity gets to NGN2.11 (this level has been on my chart since 7 November 2017).

For the MSCI fund, the fund seems to have finished their major investment campaign for this year, there is very little action from their end.

[img]Caution: Investing is a risky venture. This is just my opinion and I cannot be liable for any loss suffered as a result of following this recommendation All data used are assumed to be correct, but you may need to verify some of the figures independently. You can check data at https://www.globalxfunds.com/funds/nge/

MARKET ABOUT TO BREAK A TRENDLINE ON THE WEEKLY CHART.

For the week it has been difficult for the uptrend to continue. A close below 37,706.62 will mean a definite notice from the market for us to slow down.

The closest support level is at 36,440.20. The chart below gives further explanation.

On the trailing of the MSCI additions, there is no major change. The recent regular doses of Diamond, FBN, Dangote Sugar etc. Continued. Contrary to most of our expectation the Fund have sold most of the initial holding where there are rights, and taken up the rights only in some companies that we consider to be cheap. See the details of the movements in the fund holdings as at 13 December 2017. I believe you will see something of note in it.

For FBNH a close below 8.63 is a yellow card- saying don't join the party yet. But tomorrow closing figure will tell if there will be a bounce or the temporary decline will continue.

The charts below/comments are very important to get the embedded in this post. Especially the comment on the NSE All share index, picture speaks better.

Caution: Investing is a risky venture. This is just my opinion and I cannot be liable for any loss suffered as a result of following this recommendation All data used are assumed to be correct, but you may need to verify some of the figures independently. You can check data at https://www.globalxfunds.com/funds/nge/ for the movement in the MSCI Nigeria fund

CURRENT PRICE/FBNH/BABA JEJE

I have just gone back to study the chart Current price used in that oil price up move. It look similar to this FBNH chart. Therefore if the expected up move to NGN11.00 occur (I am expecting this within the next one/two weeks) let us thank current price. If it fails, I accept the blame.

For the MSCI update- Babajeje has the template, it he is reading this tread, he will assist.

Hey Boss Currentprice,

Na we your fans ooo. Anywhere you go we must locate you because of your unusual talent.

Well done and keep up the good job.

CURRENTPRCE IS VERY GOOD/MY OPENION ON FBNH

We are missing the service of the correct man Current Price. I just saw his post where he commented that Oil will go above USD60 yesterday and today today Oil is above USD65.


The Guy is good. We should avoid annoying people like this in the forum.

FBNH is good for now. The rate it is moving towards the closest resistance line is fantastic and may cross over to NGN11.00. With its recent addition to MSCI, getting to NGN11.00 within the next few days should be no big deal. The fund as at yesterday had over NGN1.2 Billion available for NSE stock of which I am sure FBNH will attract some.


Caution: Investing is a risky venture. This is just my opinion and I cannot be liable for any loss suffered as a result of following this recommendation All data used are assumed to be correct, but you may need to verify some of the figures independently.

MARKET COMMENT/WHAT MSCI BOUGHT BETWEEN 7 AND 8 DECEMBER- FIDELITY AS USUAL, ACCESS, TRANSCORP, OANDO ETC



MSCI added Dangsugar, Fidelity, OANDO, Transcorp etc between 7 and 8th December 2017.

The NSE All share index is close to a supply zone, which may be fairly difficult to climb. However, if the All share index closes above 41,769.70 then we know the bulls are in the market fully.

For stocks like Transcorp, MSCI stepping into the scene may be a game changer. The equity has been ranging for sometime. Probably now more investors may note the potential that will be offered by the energy sector.

A stock like FBN is in good buying Zone. The Banking sector is second to the Consumer Goods in terms of market strength for the week that has just ended. Another banking stock looking very tempting is Jaiz Bank. The problem is that it is a weak stock. But the current price level offers a fairly low risk entry.

If you want the full list of the excel sheets for the MSCI additions worling sheet/website link you can send me a mail.

Caution: Investing is a risky venture. This is just my opinion and I cannot be liable for any loss suffered as a result of following this recommendation All data used are assumed to be correct, but you may need to verify some of the figures independently.

GAINERS/LOSERS FOR THE WEEK

This week was good. The increase in the percentage gains prices far outweigh the losses. Market internals for Friday, despite the the index going down was far better than Thursday? Scrutinizing the prices on Thursday showed many equities opening on the high, however they ended up closing lower than the opening prices (this is a negative handwriting on the wall).

Some equities are still at good buying points. Good time to look for pullbacks.

Caution: Investing is a risky venture. This is just my opinion and I cannot be liable for any loss suffered as a result of following this recommendation All data used are assumed to be correct, but you may need to verify some of the figures independently.

WHERE MSCI INVESTED ADDITIONAL FUNDS ON 6 DECEMBER 2017/SOME EQUITIES APPROACHING RESISTANCE LEVELS

For 6 December 2017. MSCI uploaded on Dangote Sugar, Diamond and Fidelity. No wonder those equities were good gainers for that day.

The Equities that are close to major resistance level includes: Dangote Sugar, Fidson. For Transcorp, this level of NGN1.53 seems to be a liquidation point for some major holders, previous posts on this forum have indicated this. Let us see if Transcorp will go past this level in this bull season.

The problem of Transcorp seems to be the fact that so many people have loaded up immediately after the release of the 3rd Quarter report, but price failed to advance as expected (see daily chart of 15 October, level has been strong since July 2017) and as at now are in a loss/just want to breakeven and get out.

Below were the additions by MSCI. I will continue to monitor this, but may now be weekly or monthly. If want the excel sheet, you can e-mail me.

Caution: Investing is a risky venture. This is just my opinion and I cannot be liable for any loss suffered as a result of following this recommendation All data used are assumed to be correct, but you may need to verify some of the figures independently.

PEEPING AT WHAT THE MSCI FUND IS DOING FOR THE BENEFIT OF YOU AND ME/FORUM IN GENERAL

Please let us not fight in this forum, what we are having here is serious business of how to make people preserve their money/make some more.

I am a follower of people like (that is why I don’t get involved when 2 elephants are fighting, but just watch to see which of their stock I can buy, I won’t tell you the one I bought between Eternal and Transcorp)
Current price- For correct Prices/value of Stocks
Fxuser, Triri/other TA guys- For technical Guidance
Locodemy: For pointing out stock that can move like locomotive Engine, heavy movements for big money/distribution of loot
Yok – For the short stories/Funny (but serious) fundamentals like the one below.

Just like people are following some people (sorry if I have not mentioned your name (Emmanuel, Vevee , Toluway, Itendy ,Peter- to sell) just like the above have followers, the funds attracts a lot of followers apart from the fact that they also have smaller funds/investors following them. https://www.globalxfunds.com/funds/nge/

From the information below, do not be surprised if, FBNH is finaly delivered from the old Ogbanje spirit of falling around school fees time soon. I see the funds moving more into FBNH, Fidelity, NBL, Diamond soon as they are making money in these equities. So don’t be surprised if the prices of the above fail to come down. You can see what they are getting out of, so use the info as guide.

I end here, I don’t like stories.

If you need the excel where I got this infor from, send me an e-mail via this forum ASAP.


Caution: Investing is a risky venture. This is just my opinion and I cannot be liable for any loss suffered as a result of following this recommendation All data used are assumed to be correct, but you may need to verify some of the figures independently.

FORECAST HIGH AND LOW/COMMENT FOR SOME SELECTED STOCK- WEEK ENDING 8 DECEMBER 2017


This is my forecast of the likely high and low prices for the week.

Actual close above or below the forecast gives the direction of the stock, whether in strong uptrend or down trend.

If you are interested in the spreadsheet for these weekly high and low forecast spread sheet, you can send me an e-mail via my profile in the forum. Send me the list of stock you are interested in an I will e-mail the projection to you for the indicated equities.

Caution: This is just my opinion and I cannot be liable for any loss suffered as a result of following this recommendation All data used are assumed to be correct, but you may need to verify some of the figures independently.

PERIOD OF TAKING DECISION AT THE RIGHT EDGE OF THE MARKET

Many of the equities closed at points where one is not sure if the uptrend will continue. Nevertheless as a trader/regular investor one may need to decide what to buy or sell.

The chart below showed the position of CI Leasing, the price as it is standing at the upper end of a median line, saying price is at a top and may not be safe to buy as at now. However, looking at the fact that the price has fallen while other equities in the sector has been assisted by the recent listing of Global Spectrum, at what price can I start buying again. Given what I see, the safest thing to do is to wait till the price gets to NGN1.11. At this price the market should have bottom out.

The median line has been very good in preventing one from buying at the top.

On the All share index, the uptrend is likely to continue, as the resumption of positive trend will attract more participants into the market. I expect the year end rally to start from about 17 to 22 of December 2017. Therefore, this is the right time for one to position himself for this temporary rally.

Also it may be time to start looking at the stocks recently admitted to the MSCI index ( PZ and FBNH). PZ will be a good buy at NGN20.00 and FBN may likerly have good movement once it closes above 7.50



Caution: Investing is a risky venture. This is just my opinion and I cannot be liable for any loss suffered as a result of following this recommendation All data used are assumed to be correct, but you may need to verify some of the figures independently.

DOOR TO UPSIDE MOVEMENT IS OPENING/SELECTION FOR THE WEEK ENDING 1 DEC 2017


Looking at the prices of many stocks looking like already beaten down. Good opportunity, to get some good stocks at bargain prices.

Below is the weekly forecast of high/low prices. After looking at my analysis personally I will be willing to buy the following stock at these prices:

Dangote Flour- The following day that the stock will close above 9.25
May and Baker: Good buying zone
Nigerian Breweries: Buy following day price goes above 139.50

Caution: Investing is a risky venture. This is just my opinion and I cannot be liable for any loss suffered as a result of following this recommendation All data used are assumed to be correct, but you may need to verify some of the figures independently.