Volatility, as investors opt for cash amidst Q3 earnings, mounting risks

Amid Positive NGSE Outlook, Time For Short, Medium-term Positions

Market Update for October 21 By Investdata Analysts Equity prices on the Nigerian Stock Exchange (NSE) suffered huge loss at the midweek, halting the previous session’s gains and market rebound from its March-lows as it hits a major speed bump on a very high volatility. This followed panic selloffs in the midst of ongoing earnings reporting season, as investors reacted to events of what has now been tagged Black Tuesday, when soldiers fired live bullets at #EndSARS protesters, resulting in alleged fatalities. The Lagos State Governor, Babajide Sanwo-Olu, however says…

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NGSE recovery to continue on inflows from maturing bills, Q3 earnings releases

Amid Positive NGSE Outlook, Time For Short, Medium-term Positions

Market Update for the Week Ended October 16 and Outlook for Oct 19-23 By Investdata Analysts Nigeria’s stock market maintained its bullish disposition over the past weeks amidst increasing headwinds ranging from the economic meltdown, negative macroeconomic indices, rising insecurity, and a resurgence of new coronavirus infection cases. The new wage of Covid-19 spread has been ignored so far by youths across the country protesting against incidences of brutality, extra-judicial killings, and maiming of often innocent persons, mostly youth, by the Police Special Anti-Robbery Squad popular known as SARS. In…

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Marginal Rebound On NGSE, As Investors Keep Eyes On Q3 Earnings, Data

Market Update for October 13 By Investdata Analysts Tuesday’s was a very volatile and mixed session on the Nigerian Stock Exchange (NSE), as buying interest in medium cap and growth stocks resurfaced to halt the profit taking that had been in motion for four trading sessions. The composite index closed marginally higher, resisting further decline on an above-average traded volume and improved demand for equities in expectation of more Q3 earnings reports. The expected numbers are very important to every investors and analysts because company performance at this time will…

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INFOGRAPHICS: The technical highlights & stock chart patterns

Stocks higher while acrimony rules

By Investdata Analysts The technical highlights and chart patterns of this week’s market action The technical highlights and chart patterns of this week’s market action are the following: The risk level remained high despite the expected quarterly earnings and undervalued state of the market Market Phases on key NSE Indexes are all bullish with ADX running positive and strong High Caps and Growth stocks are taking center stage Volume patterns improved across the board Banking, Telecoms and Agribusiness are surging Market Internals are running rich Investdata sentiment report revealed mixed,…

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Volatility, Profit Taking May Slowdown, Amidst Reversal Ahead Of Q3 Earnings

Volatility, Profit Taking May Slowdown, Amidst Reversal Ahead Of Q3 Earnings

Market Update for October 12 By Investdata Analysts The nation’s stock market opened the week marginally down, as the benchmark All-Share index continued its bearish trend for the fourth consecutive trading session due to lingering profit taking and price corrections. This is, however, happening in the midst of, and despite rising inflow of funds to the equity space even as the Q3 earnings season has kicked off last week. The expected corporate earnings and September inflation report are likely to further push prices up or down, depending on the numbers…

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Mixed Trading Ahead Still, As Inflation Data Influences Investment Decisions

Mixed Trading Ahead Still, As Inflation Data Influences Investment Decisions

By InvestData Analysts Monday’s trading activities on the Nigerian Stock Exchange remained volatile and mixed with the benchmark All Share index closing red again, thereby extending Friday’s negative stance. This is amidst global fears as the coronavirus scourge fuels mixed trend, threatening economic recovery, even as nations relax the lockdowns to allow for productive activities. The nation’s negative macroeconomic indices continue to worsen meanwhile, as revealed by the latest labour market reports estimating underemployment and unemployment rates at 55.7% at half-year 2020; while July consumer price index soared by 12.82%,…

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NSE index slides, as investors seek defensive stocks, await MPC outcome

NSE, STocks, stock

By Ambrose Omordion Trading on the Nigerian Stock Exchange (NSE) last week was relatively calm and mixed as equity prices dropped on cautious buying among investors, who have adopted a wait-and-see attitude after the 2020Q2 earnings reporting season kicked off with United Capital’s numbers that beat market expectations. This was however not replicated by the financials from Union Home Real Estate Investment Trust which were abysmal, reflecting the impact of the Coronavirus (COVID-19) pandemic on the commercial real estate sector, among others. It was a period of oscillating trends and…

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NGSE Indicator Climbs Higher, Ahead Of June Inflation, MPC Meeting

By Ambrose Omordion Thursday’s trading on the Nigerian Stock Exchange NSE) was bullish extending the gaining momentum of the previous session on long and short-term money flow into the telecommunication, healthcare and financial services sectors. This was ahead of the 2020Q2 earnings reporting season that kicked off with United Capital and Union Home Real Estate Investment Trust releasing their half-year score-cards to the market. A snapshot of the report by Ucap for the period showed that it was impressive, with top and bottom lines growing by 37% and 16% respectively,…

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Expect Mixed Trend, Ahead Of Weak Q2 Earnings Reports, June Economic Data

Expect Mixed Trend, Ahead Of Weak Q2 Earnings Reports, June Economic Data

Market Update for July 13 Trading activities, Monday, continued on the Nigerian Stock Exchange (NSE), extending the negative outlook of last week by wiping out Friday’s marginal gains as profit taking hit banking stocks, made worse by selloffs in the high cap equities. It was a mixed but high volatility session, especially as the composite NSE All-Share index traded below the 20 and 50-Day Moving Average on a very higher traded volume. The index closed lower on the first trading day of the week. Just as discussed in our market…

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2020H1: NGSE Index Sheds 8.8%, Investors Seek Equities With Strong Prospects

NSE, 2020H1, Investors, Equities

2020 Half-Year Market Roundup The Nigerian stock market, and indeed, its economy recorded a mixed performance for the first half of the year 2020, a year that has so far been full of surprising shocks, with equity prices and macroeconomic indices tumbling on the back of so many factors previously unforeseen by the best of forecasts, arising from the novel Coronavirus (COVID-19) pandemic that changed economic dynamics. The period under review has forced the Central Bank of Nigeria (CBN) Monetary Policy Committee to adjust the benchmark rate downward to 12.5%…

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