Market Update

Nigerian Equities Market Update: NSEASI Goes Gaga, adds 295Bpts Records New Year High

Equities trading on the floor of the Nigerian Stock Exchange today go gaga as the All Share Index hits a new year high after adding 295Bpts to its trading point. Safe NSE-Industrial Goods that gave up trading points, other observed market indices added points as shown in the index movement table. Week to Date, market is up by 500Bpts while total points gained in the current month is now 691Bpts.

Value gained by the market capitalization of the listed equities during today’s trading activities was N273.247 billion, same as 295Bpts above the opening value. Meanwhile, trading activities for the day produced 50 advancers and 9 lagers. NSEASI Year to Date gain is 2.50% while the Market Capitalization Year to Date gain stood at N275.372 billion same as 2.98% above the year’s opening value.

Market seems determined to hold investors that lost out in the current bullish move longer than we anticipated. In situations such as this, investors are likely to get impatient, anxiety that the bear will not win in a long time might induce premature positions. Please note that joining a running train might get traders involved in what is technically referred to as “Bull Trap”.

We are of the opinion that, except decisions are purely based on known fundamentals; new entries should only be considered after pullback actions. It will also be safe to consider equities with interim dividend policy during half year earnings season in respective trading baskets.

We maintained that opting for growth oriented listed equities will largely improve portfolios’ value in the current market mood. In other words, highly leveraged, cyclical and speculative companies that survived the recession (on the strength that the current economy recovery signs will not fail) should be considered for better performance. Safe Trade.

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Market Update

Nigerian Equities Market Update: NSEASI Goes Gaga, adds 295Bpts Records New Year High

Equities trading on the floor of the Nigerian Stock Exchange today go gaga as the All Share Index hits a new year high after adding 295Bpts to its trading point. Safe NSE-Industrial Goods that gave up trading points, other observed market indices added points as shown in the index movement table. Week to Date, market is up by 500Bpts while total points gained in the current month is now 691Bpts.

Value gained by the market capitalization of the listed equities during today’s trading activities was N273.247 billion, same as 295Bpts above the opening value. Meanwhile, trading activities for the day produced 50 advancers and 9 lagers. NSEASI Year to Date gain is 2.50% while the Market Capitalization Year to Date gain stood at N275.372 billion same as 2.98% above the year’s opening value.

Market seems determined to hold investors that lost out in the current bullish move longer than we anticipated. In situations such as this, investors are likely to get impatient, anxiety that the bear will not win in a long time might induce premature positions. Please note that joining a running train might get traders involved in what is technically referred to as “Bull Trap”.

We are of the opinion that, except decisions are purely based on known fundamentals; new entries should only be considered after pullback actions. It will also be safe to consider equities with interim dividend policy during half year earnings season in respective trading baskets.

We maintained that opting for growth oriented listed equities will largely improve portfolios’ value in the current market mood. In other words, highly leveraged, cyclical and speculative companies that survived the recession (on the strength that the current economy recovery signs will not fail) should be considered for better performance. Safe Trade.

Comment here