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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Expect Mixed Market, As Investors React To Banks’ Earnings Releases

Stocks open week bearish as index drops by 0.44%

Market Update for November 19 By Investdata Analysts Thursday’s trading on the Nigerian Stock Exchange was very mixed and volatile, with equity prices swinging into losses on the strength of banks’ Q3 numbers falling below expectation, thereby halting the previous day’s gains and recovery. This, expectedly, has triggered another round of profit-taking, despite the positive economic news of an expansion in the nation’s industrial output as revealed by the Purchasing Managers index of 50.2points, up from the 49.6 points in October. The lower-than-expected earnings reports from the banks have been…

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Nigerian equities sustain weekly rally by 12.97%

Bulls reclaim NGX trading floor with N148bn weekly profit

The bulls in the local bourse last week took the market to unprecedented rout as the NSE All-Share Index and Market Capitalisation both appreciated by 12.97 per cent to close the week at 35,037.46 and N18.308 trillion respectively. Similarly, all other indices finished higher while the NSE ASeM Index closed flat. It was a historic trading week as the NSE All Share Index (ASI) posted its largest daily gain in more than five years on Thursday, November 12, 2020. The ASI rose beyond the set threshold of five per cent…

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Intraday Oscillation May Continue On Hope For More Banking Sector Numbers

Stocks open week bearish as index drops by 0.44%

Market Update for November 4 By Analysts at Investdata Midweek’s transactions on the Nigerian Stock Exchange was mixed and volatile, extending the gaining momentum for the second consecutive day on a low traded volume and flat breadth, with all eyes on the first-tier banks and the most capitalized equity. The trading pattern at the midweek revealed the wait-and-see attitude of players in expectation of more corporate earnings, inflow of funds and other information necessary to further trigger a buying sentiment. Investors, during the session were seemingly indifferent to the impressive…

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Volatility May Continue On Positioning, Post-Uptrend, Q3 Earnings Profit Booking

Stocks open week bearish as index drops by 0.44%

Investdata Analysts Following the increased buying interest and momentum on the Nigerian Stock Exchange on Monday, the benchmark All-Share index rebounded to its January trading position after seven months of positive sentiments and recovery, driven by an increase in liquidity, and low stock valuations, among others. The rebound was despite the seeming disconnection of the market from economic realities, as funds searched for higher returns and yields. The corporate earnings released so far have been mixed, with a few beating market expectations, even as Stanbic IBTC Holdings became the banking…

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