Cautious Optimism Still On NGSE, As Investors Position In High Yield, Dividend Stocks

Ecobank

Market Update for January 12 By Investdata Analysts Nigeria’s stock market on Tuesday extended its bullish transition for the second consecutive session on positive sentiments for blue-chip stocks and undervalued companies that investors perceive as those that will rally this year as the nation economy recovers, and inflation expectedly declines on increased national industrial output. Despite the changing market holding structure, as domestic institutional investors play deeper, the Money Flow Index and other technical indicators signal a bearish divergence from the composite index’s action. This is notwithstanding the fact that…

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Mixed performance may continue on interests in undervalued, dividend stocks

Dividend Stocks

Mixed performance may continue on interests in undervalued, dividend stocks Market Update for January 11 By Investdata Analysts Transactions on the Nigerian Stock Exchange kicked off the week on a positive note, thereby halting the loss of the previous session with investors taking stronger buying interest in medium and low cap stocks on positive sentiment. The composite All-Share index on Monday had a slightly bullish session, at a time of rising oil price in the international market in apparent reaction to the plan by OPEC to effect further production cut…

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NGSE Close 2021 First Trading Session Upbeat, Amidst Positioning In Undervalued Stocks

Positive Investor Sentiment

Market Update for January 4, 2020 By Investdata Analysts The Nigerian equity market kicked off activities for 2021 on a positive note and strong buying sentiments on Monday, pushing the composite All-Share index higher on a low traded volume that extended the Santa Claus rally into the New Year with stocks joining the rally, ahead of economic and corporate earnings reports. The return of investors to the market after the New Year holiday propelled the strong recovery moves, as all sectorial indexes closed green, indicating that more funds flowed into…

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ANALYSIS: 2021 Outlook Mixed; Investors Cautious On Covid-19 New Wave, Await Full-Year, Q1 Earnings

2021 Outlook Mixed; Investors Cautious On Covid-19 New Wave, Await Full-Year, Q1 Earnings 2020 Stock Market Recap and Outlook For 2021 By Investdata Analysts The benchmark All-Share index of the Nigerian Stock Exchange closed the year 2020 yielding better returns than the 47.19% and 42.3% it did in 2013 and 2017 respectively, at 50.03% on the back of positive sentiments and high system liquidity, despite the prevailing weak economic fundamentals arising from the Coronavirus outbreak that had affected global and domestic spaces. The strong equity market recovery after touching an…

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A Day to Go: NGSE share prices up 47.20% YtD, as index eye 7-year high

NGSE share prices up 47.20% YtD

A Day to Go: NGSE share prices up 47.20% YtD, as index eye 7-year high Market Update for December 30 By Investdata Analysts It was mixed and volatile session yet again at the midweek as the Nigerian Stock Exchange (NSE) maintained positive sentiments with the composite All-Share index closing higher on low traded volume even as more funds entered the equity space in search of higher yields and returns. This was revealed by the institutional investors’ index trading above all the moving averages, just as MFI is reading 75.71 points…

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ANALYSIS: NSE uptrend may linger ahead of year-end window dressing by fund managers

Market Update for the Week Ended December 24 and Outlook for Dec 29-31 By Investdata Analysts     Nigeria’s stock market sustained its bullish run last week as the seeming Santa Claus rally continued ahead of the New Year holiday, despite profit taking in the last trading session amidst the wait for year-end window dressing and portfolio reshuffling. The benchmark All-Share index broke out psychological lines between 37,000 and 38,000, as well as the 37, 856.12 – 38,669.20 basis points resistance lines on high buying pressure, driven by high cap…

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NSE slides on profit-taking, on hike in TB rates ahead of economic data

Positive Investor Sentiment

Market Update for the Week Ended December 11 and Outlook for Dec 14-18 By Investdata Analysts The weeks after the huge rally in November on the Nigerian Stock Exchange (NSE) has been characterized with mixed sentiments, profit-taking, and volatility that drag equity prices lower on above-average volume and negative breadth that reflected in five straight trading sessions of losses.(NSE slides on profit-taking) Investors’ reactions to the improved money and fixed income market activities, as Treasury Bill rates inched up at the last auction during the period, pushing the benchmark All-Share…

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Caution still, as investors realign portfolios, take profit ahead of year-end

stock analysis

By Investdata Analysts The nation’s equity market maintained its bearish mode, closing flat for the second successive session on cautious trading and profit booking that reflected in the day’s low traded volume. The current trading pattern is expected at this time, being the early stages of the traditionally mixed year-end season on the stock market, which signal that Santa Claus rally is underway, with bargain hunters and smart money making last minutes moves ahead of year-end. This is happening against the backdrop of the record low interest rates and yields,…

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The Week Ahead: Time to diversify stock portfolios

Jaiz Bank targets N6.15bn

Market Update for the Week Ended December 4 and Outlook for Dec 7-11 By Investdata Analysts Amidst Mixed Short-term Outlook On NSE The first trading week of December ended last Friday, maintaining a bullish stance despite the seeming profit taking and price correction in the midst of mixed sentiment, with the composite All-Share index closing higher. This was due to continued buying interest in telecoms and highly priced stocks that helped the market to sustain its positive trend on a less than average traded volume and negative breadth. The impending…

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Investdata’s Golden Stocks For 2020 Returns 28.7% On Average

Golden Stocks by Investdata

Ahead of its Invest 2021 Summit slated for December 5, 2020, tagged “New Opportunities and New Paths To Profit,” Investdata Consulting Ltd at the weekend said its Golden Stocks recommended to participants at last year’s edition has returned 28.7% average, despite the economic downturn seen in the period under review. The summit, slated for December 5, 2020, will hold virtually from 10am prompt. Growth champions among the recommended stocks, included seven that yielded 30% and more returns, led by United Capital, which made its shareholders 109.21% richer. Specifically, United Capital’s share…

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