Tectono Business Review: ALL SHARE INDEX, NAIRA AND OIL IN FOCUS

Tuesday 11 August 2020

ALL SHARE INDEX, NAIRA AND OIL IN FOCUS

Lukman Otunuga,

Senior Research Analyst at FXTM

It has been a quiet start to the trading week for Nigerian markets, with the All-Share Index (ASI) barely moving from where it closed last Friday!

Fellow #Nigerians, are you aware that our #crude #oil will soon become useless? Yes, it will, in no distant time, become #valueless owing to the fact that the #countries that rely on it as their only source of #energy are developing more affordable #alternative sources of energy. When this finally happens, what will we do? How are we currently preparing for this imminent #economic doom? Which other sector will continue to stabilize our economy? Nigerians, the only #solution is developing the #agricultural sector. In fact, this is the only #solution. Very soon, the major source of revenue will become agriculture and #agro-exports. How are you positioning yourself to play big in agro-export #business? Why don’t you get a practical manual that explains the stages of export trade from #processing and #packaging of #commodities to receipt of #payment by the #foreign buyers? Yes, arm yourself with the #contemporary #trends in #export #trade. This manual explains export #operations, export #management, export #documentations and methods of #payment in export trade? Yes, it is a contemporary step-by-step guide to export trade. It tells all the contemporary dynamics in export trade. To get it, click on this link: http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

Over the past few days, local stocks have found support from encouraging financial results released by companies for the second quarter of 2020. Although the coronavirus pandemic remains a significant risk to Nigeria’s economy, sentiment has certainly been lifted by a handful of companies displaying resilience against the health crises.

Looking at the technical picture, the ASI is bullish on the daily timeframe as there have been consistently higher highs and higher lows. The daily close above 25000 could inspire a move towards 25200.

Wow!!! Have you discovered where #CEOs and top #managers take their #vehicles to for body work, painting with #Sikkens #paint and #oven #baking? It’s GOF AUTOS LTD. For details, click: http://www.tectono-business.com/2017/06/gof-autos-limited-best-automobile.html

More Naira weakness on the cards?

The story defining the Naira’s weakness continues to revolve around Dollar shortages, shaky Oil prices and gloomy economic fundamentals. Nigeria continues to nurse wounds inflicted from lockdown measures while shaky Oil prices have complicated the Central Bank of Nigeria’s efforts to defend the Naira against external and domestic risks. On the official exchange, the Naira is trading around N386 per dollar while the black market N475.

A quiet week for Oil?

This could be another quiet week for Oil markets are the commodity struggles to break free from the $40-$43 regions (WTI Crude). Oil prices have jumped to their highest levels last week thanks to a massive drop in U.S crude inventories and a broadly weaker Dollar. Buying sentiment towards Oil was also stimulated by geopolitical risk after an explosion at Beirut’s port triggered fears over instability in the region. However, Oil remains capped by fears over a new wave of coronavirus infections hitting fuel demand.

Extra-smart #Nigerians are getting shares of the new #Lagos by acquiring #plots, acres and hectares of land at #Ibeju #Lekki . What are you waiting for? Click: http://www.tectono-business.com/2019/07/have-share-of-new-lagos-by-investing-in.html

Commodity spotlight – Gold

Everybody has been talking about Gold over the past two weeks after the precious metal made history by hitting all-time highs. After surging towards $2074 last Friday, prices tumbled almost $60 as investors engaged in a bout of profit-taking. Fundamentally, the precious metal remains bullish thanks to a weaker Dollar, negative U.S. yields, pre-election jitters and rising coronavirus cases in the United States. However, Gold may experience a pullback towards $2000 before prices rebound higher.

Looking at the technical picture, sustained weakness below $2040 could open the doors back towards $2000. A breakout above $2040 should inspire bulls to challenge $2074 and possibly $2100.

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GOF AD

Do you know that the kind of #vehicle you drive goes a very long way in affecting your #image? Yes, your vehicle tells people, including your #prospective #clients, how #comfortable you are. #Comfort is directly proportional to #competence. Of course, if you are competent in what you do, you will be comfortable enough to afford at least a #brand #new vehicle. Have you ever wondered why #banks and other #financial #institutions give their #marketers brand new cars? Your level of comfort goes a long way in determining if your prospective clients will trust you. The reason why you have not won those contracts or deals could be because your prospective customers think that you are incompetent owing to how worn-out your car is. Yes, the onus is on you to acquire brand new cars. Top sales people buy new cars every year. Do you know what? That worn-out vehicle that you currently drive can look like a brand new one. We, at GOF AUTOS LIMITED can make it possible via total #body #work, #refurbishing, #priming, #painting with the best #paint in the #world called #SIKKENS #PAINT, #OVEN #BAKING with a world-class oven and #BUFFERING. #Blue-chip #companies, #CEOs and top #managers give us all their worn-out vehicles for body work. You, too, can enjoy our world-class services. For details about GOF Autos Limited, click: http://www.tectono-business.com/2017/06/gof-autos-limited-best-automobile.html

EXPORT

Hmmm!!! Folks, let us say the truth and shame the #devil. Many #Nigerian #non-oil products #exporters have been defrauded of huge amount of #money in the process of #exporting #agricultural #commodities and solid #minerals to #foreign #countries. Do you know why? They were not trained on #export #operations, #management, #documentations and the best methods of #payment in export #trade. This is terrible!!! Nigerians cannot continue to lose money to #foreigners in the course of export #business. Exporters, would you like to keep on being scammed? Why don’t you get a practical manual that explains the stages of export trade from processing and #packaging of commodities to receipt of payment by the foreign buyers? It explains export operations, export management, export documentations and methods of payment in export trade? Yes, it is a #contemporary step-by-step #guide to export trade. It tells all the contemporary dynamics in export trade. To get it, click on this link: http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

EXPORT

IBEJU-LEKKI PLOTS OF LAND

Extra-smart #people deserve extra-smart #investment in #landed #properties at the new #Lagos, otherwise known as #Ibeju #Lekki. This is where great #developmental #projects are currently going on and in the next two years, it will surpass #Lekki Phase 1 Estate. Are you aware that #Lekki #Port will commence full operations in 2022? This implies #port #operations and #development are shifting from #Apapa to Ibeju-Lekki. Any plot of land you buy in Ibeju-Lekki now will appreciate by excess of 200% in 2022. Other notable attraction here include: Lekki #Free #Trade #Zone, #Dangote #Refineries, Eleko #Beach, Lekki, New #Epe #International #Airport, #Eleganza #Industrial #Estate, Pan #Atlantic #University etc. If you have not invested heavily in landed properties, you have not landed. Acquire genuine plots and hectares of land free from government encumbrance in our estates at Ibeju-Lekki. For details, click: http://www.tectono-business.com/2019/07/have-share-of-new-lagos-by-investing-in.html

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Tuesday 11 August 2020

ALL SHARE INDEX, NAIRA AND OIL IN FOCUS

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