In January, the equity market appreciated by 5.32%.
79 stocks appreciated, 58 recorded nil movements while 24 declined in value.
All indices closed in green with the insurance index leading the chart with 29.7% gain.
We anticipated cautious trading in January since most stocks opened the year in high valuation.
Contrary to our expectations, the market was majorly bullish as the All Share Index recorded 14 gains out of 20 trading sessions.
In the absence of major policy reversal by the CBN, we are hopeful of another positive performance as miserable yields and rates persist in the fixed income market.
In the past, February recorded more of mixed sentiments with the Bulls showing strength in the second half of the month.
Last year February was one of the few exceptions as covid-19 fever overwhelmed markets and the Bulls globally.
In this report, we reviewed key economic indicators and shared insights on the possible outlook for the rest of the year.
Without anticipating an overall market direction, we shared insights on the equity market outlook for February and recommended some stocks for your portfolio.
Click here to download the full report and stock recommendation.
Join me to thank Emmanuel S Akintunde who just made a very generous donation to Tekedia Mini-MBA general scholarship fund. We continue to support teachers in rural communities and those working in orphanages or special needs homes.
All you need is to ask your principal/director to send us a letter on the institution letterhead; we haven approved 100% of such requests. We hope such entities can deepen productivity as they continue to serve communities. We restrict two recipients per entity.
Thank you Emmanuel for your support. He is also among some members who have prepaid for Tekedia Mini-MBA five years ahead. I am not sure there is any school in the world that can boost such where people prepay for classes five years in the future.
Also, I take this moment to thank many anonymous donors. We appreciate your kindness.
Like others in the world, the Nigerian media industry has been experiencing a number of changes due to micro and macroeconomic situations in the last 10 years. Beyond this, the industry remains one of the industries with low entry barriers. This has singlehanded be one of the main reasons for the proliferation of media establishments.
However, as the news media organisations emerge easily, they have also been discovered to exit easily because of the inability to compete favourably occasioned by emerging technologies and processes that require people with adequate knowledge and skills to deploy for content production and publication.
One of the factors, our analyst has identified is the inability to create value proposition from the news values that guide reporters and editors’ choice of what get published or reported. Traditionally, news values are the principles which guide editors and journalists towards the stories that resonate most with their audiences. Over the years, the news values are impact, timeliness, prominence, proximity, bizarreness, conflict, and currency before emerging technologies change readers’ needs and news consumption patterns.
Indeed, emerging technologies are impacting the news process, production and dissemination. We are no in the era of immersive journalism [this is yet to be embraced in Nigeria]. In one of the previous analyses, our analyst notes that robot will source, write and edit news in the future.
Developing News Beyond News Values: The Place of Value Proposition
It is high time that news media rethink their approach to news development. The use of news values to only justify what audience you read, watch and listen to is no longer workable absolutely, according to our experience. To improve value capturing for consumers, advertisers, investors and society, news values should be linked with the value proposition. This has been done by a number of media organisations in Europe and America.
We have seen how some media organisations used design thinking for news content creation and dissemination. Having news values dominantly in a news does not fulfil the purpose of value capturing for the audience. They only have opportunity of knowing happenings around them, which qualifies news as a content not as a product.
When news values are only used to determine what the audience should consume, the purpose of value creation is defeated. To avert this, one or two promises must be established within the news story. Promise means the specific benefit that readers, listeners and viewers need to derive from reading, listening and watching the news report. At a glance, especially from the lead of the story, having a value proposition there helps the audience to quickly see what is in the story for them. When this happens, the news becomes a product not a content. News as a product starts from appropriation of the rights news values to the inclusion of promise(s) in lead, main and supporting details.
In our news values and value proposition link circus framework, reporters and editors are expected to think about the value proposition as they think about news values that guide their choice of events or happenings as newsworthy. The thinking must be done in relation to the demographics and psychographics of the potential readers, listeners and viewers.
Exhibit 1: News Values and Value Proposition Link Circus Framework
Today, we received our first known member from Japan. It is possible we already have members from Japan. But this one is noticeable as this member has laboured for days to transfer money to our US office. Gracious luckily, help came. This marks the 36th nation represented in the Tekedia Mini-MBA global community.
Dear whom it may concern,
Thank you for attending with the payment.
I will be getting help from my Nigerian friend in Japan with a bank account to remit the $140 fee to your bank account.
With the name […].
[….]
The deposit of 50,000 NGN to the bank account suggested has been completed.
Please confirm that it went through.
[…]
Most Kind,
[…]
With hub.tekedia.com, we are building a community of innovators and growth champions. Build connections with innovators and advance the wealth of communities.
Join me at the Hub at 4-4.20pm WAT on Wed (Feb 3) as I webcast on a topic titled “The Most Important Cost To Understand When Scaling Digital Startups”. Connect https://hub.tekedia.com/admin to join live.
