Profit Taking, Positioning Lingers In Mispriced, High Yield Stocks, As Earnings Season Beckons

Profit Taking

Profit Taking, Positioning Lingers In Mispriced, High Yield Stocks, As Earnings Season Beckons By Investdata Analysts   Volatility and profit taking continued on the Nigerian Stock Exchange on Tuesday as equity prices dropped across board, following which the benchmark index closed lower on a negative market breadth and low traded volume. This extended the bearish stance for the second successive session as players cashed out their short-term profits from the uptrend recorded year-to-date. Looking at the rate and pattern of profit booking across all the sectors, one can safely conclude…

Read more

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

Stock

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…

Read more

Investors lose N7bn to lingering profit-taking

Profit Taking

Negative sentiments further dominated market performance at the Nigerian Stock Exchange (NSE) as profit-taking pressure  by investors continued, a trend that brought the market to its fifth negative performance in a row. At the close of the midweek session, equities investors recorded N7 billion loss. However, market analysts anticipate that a near-term bullish bias may dominate the trading activities as price declines across fundamentally sound counters present opportunities for them to take a position, albeit the spates of selling pressure, Consequently, benchmark index, the NSE All-Share Index (ASI) fell marginally by…

Read more

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,…

Read more

Bull-trend may continue on funds inflow, corporate numbers, profit-taking

Profit Taking

Market Update for the Week Ended November 6 and Outlook for Nov 9-13 By Investdata Analysts Transactions on the Nigerian Stock Exchange last week maintained a bullish transition for the seventh successive week, despite the seeming profit taking witnessed within the period, which is part of stock market dynamics. The continued maturity of investment in OMO bill and other fixed income instruments has supported the wave of funds inflow to the equities, which is the only asset class trending up and wealth creation opportunities for discerning investors and traders. This,…

Read more

Mixed Sessions Ahead On NGSE, Amidst Q3 Earnings Inflow, Profit Booking

Mixed Sessions Ahead On NGSE, Amidst Q3 Earnings Inflow, Profit Booking

Stock Market Update for November 2 By Investdata Analysts Nigerian equity prices suffered a marginal decline on Monday as volatility continued amidst profit taking that halted the previous six sessions of back-to-back gains, on less-than-average traded volume and mixed sentiment, kicking off the new month of November. Oil slumped to five-month low before retracing the worst of its losers. This was as a result of the second wave of lockdown on rising. With the extension of release date deadline by the regulator, more companies made available their quarterly earnings to…

Read more

Nigerian equities Sheds 0.17% as profit-taking returns

Nigerian equities Sheds 0.17% as profit-taking returns

Nigerian equities Sheds 0.17% as profit-taking returns Trading in the domestic equities market started the week and month on a sour note, as sell-offs of some banking stocks – majorly ETI (-8.9 per cent), FCMB (-9.9 per cent) and ZENITHBANK (-0.7 per cent) — dragged the market down to close the Monday session. As investors sell stocks that have appreciated in recent times to book for profit, the development caused the All Share Index (ASI) to record its first loss in seven consecutive sessions, as it declined by 0.17 per…

Read more

NSE sustains downtrend on profit-taking; index falls 0.19%

profit-taking, stocks

Profit-taking continued to hold sway at the Nigerian Stock Exchange (NSE) during the midweek trading on Wednesday following sell-offs in WAPCO which shed -3.7 per cent and Tier I bank stocks. As this weighed down the bourse, market price tracker, the All-Share Index (ASI) ended the session 0.19 per cent lower at 25,550.31 basis points, while market capitalization closed at N13.353 trillion. Consequently, the Month-to-Date (MtD) gain moderated to 0.9 per cent while Year-to-Date (YtD) loss increased to -4.8 per cent. Similarly, the market lost momentum during the session as…

Read more

Mixed Outlook On NGSE, Investors Should Diversify Portfolios, Protect Capital

Investors lose N87bn as NSE resumes from Easter holidays

Market Update for the Week Ended September 4 and Outlook for Sept 7-11 By Investdata Analysts The nation’s equity market extended its positive narrative for the seventh successive week on a stronger momentum, driven by dividend information and inflow of funds from other investment windows, owing to the increased negative real rate of returns due to rising inflation. This triggered selloffs in the bond market by foreign and institutional investors in the midst of mismatch policies of the government and its economic managers, even as the continued disconnection of the…

Read more