As NGSE Index Drops Lower, Time To Seek Dividend, Sound, Mispriced Stocks

As NGSE Index Drops Lower, Time To Seek Dividend, Sound, Mispriced Stocks   The bearish mode of the nation’s equity market expectedly reduced in intensity on Tuesday, after low cap stocks sustained an uptrend, with the Nigerian Stock Exchange All-Share index closing the session marginally lower on a low traded volume and flat market breadth. The day’s price action signalled the willingness of market players to take controlled risk at this moment, which is another bullish sign that needs confirmation at the end of midweek’s trading, as investors keep their…

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Positive outlook on NGSE, but expect profit booking after 9 sessions of gains

Market Update for the Week Ended January 15 and Outlook for January 18-22 By Investdata Analysts The Nigerian Stock Exchange (NSE) sustained a positive momentum and bullish performance in the second trading week of 2021, which ended on Friday, reversing previous week’s profit booking on the back of a change in trading pattern. This was as bargain hunting continued ahead of the earnings reporting season. The National Bureau of Statistics (NBS), on Friday published data for December inflation rate, which spiked for the 16th consecutive month, closing at 15.78%, from…

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NGSE index soars further, as investors seek sound stocks, div history, high payout

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Market Update for October 27 By Investdata Analysts Equity prices closed higher on the Nigerian Stock Exchange (NSE) Tuesday, as the All-Share index sustained its positive momentum and bullish trend on high traded volume and buying pressure, as normalcy gradually returns to the nation after weeks of #EndSARS protests across the country, that led to last Tuesday’s shooting by soldiers at protesters in Lekki toll plaza in Lagos. This had been followed by wanton destruction of public and private property and looting of palliative warehouses among others. The number of…

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

Profit Taking

Market Update for the Week Ended October 9 and Outlook for Oct 12-16 By Investdata Analysts The positive trend on the Nigerian Stock Exchange continued last week, extending the bull-run for the third successive week despite the profit taking witnessed within the period as traders cashed out their recent gains. The seeming pullback is expected to create entering opportunities for discerning investors and traders given that those factors behind the market rally remain intact. Price correction as experienced by blue chip companies and growth stocks are expected to further strengthen…

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ANALYSIS: NGSE Index Slides Again, Amidst Hope of Rebound On Maturing Bills, Q3 Earnings

Market Update for October 8 By Investdata Analysts Thursday’s trading on the Nigerian Stock Exchange (NSE) was mixed and volatile, extending its negative outing for the second consecutive session, amid continued profit booking on a reduced momentum. This was as investors took advantage of the pullback to reposition for the Q3 earnings reporting season, while keeping an eye on the ongoing final quarter’s seasonality that comes with year-end trading pattern. Investors and traders remain hopeful that the additional funds entering the stock market and the expected Q3 numbers would continue…

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NGSE Index Soars As Prices Rise On Liquidity Surge, All Eyes On Q3 Earnings

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Market Update for October 6 By Investdata Analysts ___________________________ The winds of positive sentiments and increasing bargain hunting across all classes of stocks strengthened the bull rampage on the Nigerian Stock Exchange (NSE), pushing the composite All-Share index 4.92% up, the highest daily gain in over five years on a huge traded volume and price spike across the sectors. The 15 years of unbelievably low interest rates and undervalued market after more than two consecutive year of decline had triggered the inflow of funds to equity assets from smart money…

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NSE Index Up 6% In Sept. As Investors Juggle Portfolios, Eye Stocks With Potentials

Why Nigerian stocks are turning around

September Market Roundup By Investdata Analysts __________________ The nation’s equity market in September was on fire, recording a strong recovery to end the quarter and month on the green, helped by the inflow of funds, improved buying interest, and volatility that turned sentiment positive, as investors took position for the third quarter and year-end. The period under review was bullish, with the Nigerian Stock Exchange (NSE) All-Share index recording the biggest gain in four months, to extend the bull transition for three consecutive months. In the process, the index broke…

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NSE index rise, as window-dressing continues ahead of earnings season

NSE index rise, as window-dressing continues ahead of earnings season

By Investdata Analysts The bull rampage on the Nigerian Stock Exchange (NSE) continued on Tuesday as positive sentiment boosted highly capitalized stocks causing a rally that pushed the benchmark All-Share index northward on improved buying interest. This reflected in the high traded volume, extending the eighth successive session of bull-run ahead of Wednesday, the last trading day for the third quarter and month of September. Despite, the slowdown in gaining momentum as traders booked profit and reposition for the final quarter of this year, there is need for a review…

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Monetary policy induced rally turns NSE YtD positive, ahead of q3 earnings

Equities, shares, NSE, Airtel, Nestle

Market Update for the Week Ended September 25 and Outlook for Sept 28-Oct 2 By Investdata Analysts Equity prices in the last full trading week of September, which has traditionally been a bearish month, turned positive even as the Nigerian Stock Exchange (NSE) All-Share Index recorded the biggest weekly gain over the past four months. Specifically, the benchmark index sustained this bull transition on an increased momentum, halting two weeks of sideways trending on a high traded volume. The rebound was due to the increased funds inflow from other investment…

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Profit booking imminent, as August inflation data worsens investors’ returns

Profit booking imminent, as august inflation data worsens investors’ returns

By Investdata Analysts After sessions of marginal gains, the benchmark All-Share index of the Nigerian Stock Exchange (NSE) turned negative on Tuesday when trading was mixed and volatile on mixed sentiment and high traded volume. This was occasioned by profit booking in oil, banking and consumer goods stocks which dragged the index down, even ahead of the oncoming price adjustment in the shares of UBA, Stanbic IBTC and Guaranty Trust Bank for interim dividends of 17 kobo, 40 kobo and 30 kobo respectively recommended by their boards. There was also…

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