Thursday, April 11, 2019 / 05:02PM / Press Release By InvestData Consulting”
Although the benchmark All-Share index of the Nigerian Stock Exchange (NSE) turned negative over the weekend, participants who took position in “10 Golden Stocks for 2019” identified during the INVEST 2019 TRADERS & INVESTORS SUCCESS SUMMIT organized by Investdata Consulting Ltd, have recorded 11.09% average return on their investment in the four months between December 8, 2018 and Friday, April 5, 2019.
The 10 Golden Stocks for 2019 were identified based on post-election outlook of the nation’s economy as stocks capable of shaping the nation’s equity market this year.
Five of the identified stocks closed in positive territory within the period, compared to their opening prices at the close of trading on December 8, 2018, led by Julius Berger with 30.9%; followed FCMB Holdings’ 22.5% returns, despite the market’s post-Presidential election hemorrhage, which has resulted in a year-to-date decline of 5.77%.
FCMB, for example, closed on December 8, at N1.50, after attaining a high of N2.60, representing 73.33%, before declining to N1.85 per share; just as Julius Berger hit a high of N28.80 per share, representing 37.14% capital appreciation.
Commenting, Ambrose Omordion, Chief Research Officer of Investdata Consulting Ltd said investment education and training will help players navigate the prolonged bear ascendancy in Nigeria’s stock market.
Rather than staying away from the market as a result of the bear-run, he advised discerning investors and traders to begin accumulation of value stocks at this time to even down thereby entering into profit as soon as there is a rebound.
With the Investdata Investors’ Summit train moving to Emerald Hotel, 193, Aba Road Rumuola, Port Harcourt, at 10am on April 12, 2019, Omordion said traders and investors around the Rivers State capital should take the opportunity to learn effective management of their risks and emotions. This, he believes, can be done using technical tools and indicators that will be shared at the summit among other issues.
According to him, “the current market conditions of the Nigerian Stock Market today, make this Port Harcourt Chart Summit very critical to those who desire to not just preserve their capital, but grow the value of their investments and even position in others making using of knowledge.”
Continuing, he said investors around Port Harcourt “will be doing themselves a big disservice, if you fail to attend this practical workshop to that will teach you the “Next Big Winners,” while avoiding “The Big Losers," as the stock market continues the search for direction in this post-election economy and environment.
“If you are looking at the changing market dynamics and the trends on conventional bar or candlestick charts, you are only seeing HALF THE PICTURE. This is no time to take the risk of trading without seeing the TRUE TRENDS in the market and stocks.
“Am sure you will like it, because it has so far generated feedbacks like: “The returns recorded by the 10 Golden Stocks discussed with participants in the Investdata December Summit have given high returns, despite bear the market.”
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