FeaturedMarket Update

Nigerian Equities Market Update: Earnings Expectations, Airtel Listing; NSEASI Added 7Bpts: 8/07/19

Starting off the new week, equities trading on the floor of The Nigerian Stock Exchange closed in the positive territory, as the lead performance pointer, NSEASI added 7Bpts to its trading points, thus it closed at 29,292.66 from 29,270.95. It was a mixed performance amongst the observed market indices as shown in the index movement table. By this move, the total lost points in the month of July adjusted down to 225Bpts. See the index movement table for details.

Note: For One on One Technical Analysis of the equities market Training, Installation of Charting Tools, Special Reports on Quoted Equities, Staff Training on Research Skills, Outsourcing Your Firms Research Works e.g. Daily Market Update, Earnings Report, Market News Update & Economic News Update…..Call Us on 08098865598, 08037155684

Value gained by the market capitalization of the listed equities during today’s trading activities was N7.458 billion, same as 7Bpts above the opening value.  Meanwhile, trading activities for the day produced 17 ADVANCERS and 14 LAGERS. NSEASI Year to Date loss is now 680Bpts while the Market Capitalization Year to Date gain stood at N1.188 trillion same as 1,014Bpts above the year’s opening value.

Note: For One on One Technical Analysis of the equities market Training, Installation of Charting Tools, Special Reports on Quoted Equities, Staff Training on Research Skills, Outsourcing Your Firms Research Works e.g. Daily Market Update, Earnings Report, Market News Update & Economic News Update…..Call Us on 08098865598, 08037155684

As the market awaits the listing of Airtel Africa Plc on the floor of the exchange on the next trading day, the market capitalization of the listed equities will again build its year to date returns, please note that this do not in any way signify market recovery, traders should rather play by the index movements and performances on equities in their respective portfolios. In other words avoid running after supposed gains that the market will experience due to the listing.

We maintained that traders should take timely advantage of the half year earnings which is expected to start hitting the market from next trading week. Few equities with March financial year end are also expected to release their half year performance indices. Kindly play accordingly.

As at the time this report was gathered, Brent Crude sells at 63.97$/bbl, this is 14Bpts below the previous close price.

Note: For One on One Technical Analysis of the equities market Training, Installation of Charting Tools, Special Reports on Quoted Equities, Staff Training on Research Skills, Outsourcing Your Firms Research Works e.g. Daily Market Update, Earnings Report, Market News Update & Economic News Update…..Call Us on 08098865598, 08037155684

The I&E FX Window opened at N360.25 traded as high as N361.40 before rounding up at N360.89, having transacted a total of $84.39 million through the day. Please note that, margin between the close and open value is an equivalent of 2Bpts gain. We are of the opinion that the FX-Market will trade within same range tomorrow. See below table for Lagos BDC Fx-rates.

In the money market, the Overnight (O/N) rate closed at 4.07%, same as 0.50% below the previous closing position. Meanwhile, Open Buy-Back (OBB) rate ended at 3.36%, that is, 0.50% above the previous close. We are of the opinion that the money market will maintain this range on the next business day. Safe Trade.

Note: For One on One Technical Analysis of the equities market Training, Installation of Charting Tools, Special Reports on Quoted Equities, Staff Training on Research Skills, Outsourcing Your Firms Research Works e.g. Daily Market Update, Earnings Report, Market News Update & Economic News Update…..Call Us on 08098865598, 08037155684

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FeaturedMarket Update

Nigerian Equities Market Update: Earnings Expectations, Airtel Listing; NSEASI Added 7Bpts: 8/07/19

Starting off the new week, equities trading on the floor of The Nigerian Stock Exchange closed in the positive territory, as the lead performance pointer, NSEASI added 7Bpts to its trading points, thus it closed at 29,292.66 from 29,270.95. It was a mixed performance amongst the observed market indices as shown in the index movement table. By this move, the total lost points in the month of July adjusted down to 225Bpts. See the index movement table for details.

Note: For One on One Technical Analysis of the equities market Training, Installation of Charting Tools, Special Reports on Quoted Equities, Staff Training on Research Skills, Outsourcing Your Firms Research Works e.g. Daily Market Update, Earnings Report, Market News Update & Economic News Update…..Call Us on 08098865598, 08037155684

Value gained by the market capitalization of the listed equities during today’s trading activities was N7.458 billion, same as 7Bpts above the opening value.  Meanwhile, trading activities for the day produced 17 ADVANCERS and 14 LAGERS. NSEASI Year to Date loss is now 680Bpts while the Market Capitalization Year to Date gain stood at N1.188 trillion same as 1,014Bpts above the year’s opening value.

Note: For One on One Technical Analysis of the equities market Training, Installation of Charting Tools, Special Reports on Quoted Equities, Staff Training on Research Skills, Outsourcing Your Firms Research Works e.g. Daily Market Update, Earnings Report, Market News Update & Economic News Update…..Call Us on 08098865598, 08037155684

As the market awaits the listing of Airtel Africa Plc on the floor of the exchange on the next trading day, the market capitalization of the listed equities will again build its year to date returns, please note that this do not in any way signify market recovery, traders should rather play by the index movements and performances on equities in their respective portfolios. In other words avoid running after supposed gains that the market will experience due to the listing.

We maintained that traders should take timely advantage of the half year earnings which is expected to start hitting the market from next trading week. Few equities with March financial year end are also expected to release their half year performance indices. Kindly play accordingly.

As at the time this report was gathered, Brent Crude sells at 63.97$/bbl, this is 14Bpts below the previous close price.

Note: For One on One Technical Analysis of the equities market Training, Installation of Charting Tools, Special Reports on Quoted Equities, Staff Training on Research Skills, Outsourcing Your Firms Research Works e.g. Daily Market Update, Earnings Report, Market News Update & Economic News Update…..Call Us on 08098865598, 08037155684

The I&E FX Window opened at N360.25 traded as high as N361.40 before rounding up at N360.89, having transacted a total of $84.39 million through the day. Please note that, margin between the close and open value is an equivalent of 2Bpts gain. We are of the opinion that the FX-Market will trade within same range tomorrow. See below table for Lagos BDC Fx-rates.

In the money market, the Overnight (O/N) rate closed at 4.07%, same as 0.50% below the previous closing position. Meanwhile, Open Buy-Back (OBB) rate ended at 3.36%, that is, 0.50% above the previous close. We are of the opinion that the money market will maintain this range on the next business day. Safe Trade.

Note: For One on One Technical Analysis of the equities market Training, Installation of Charting Tools, Special Reports on Quoted Equities, Staff Training on Research Skills, Outsourcing Your Firms Research Works e.g. Daily Market Update, Earnings Report, Market News Update & Economic News Update…..Call Us on 08098865598, 08037155684

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