DD
MM
YYYY

PAGES

DD
MM
YYYY

spot_img

PAGES

Home Blog Page 5913

Again, Internet Searches Remain Impotent on Nigerian Stock Turnover Volume

0
Nigeria stock exchange data (Source; Godbold, LinkedIn)

In many parts of the developed world, investors and public searches on the Internet have been discovered to have profound impacts on the performance of the brands listed on stock exchange commissions. Researches conducted in this world have shown the extent to which the volume of searching specific information about a brand, issue or need affected stocks of the company. While this occurred in the developed world, a number of studies in the developing world have revealed that this is not tenable absolutely.

In a recent study, it was found that “Google searches neither explain the contemporaneous nor predict stock return, trading volume and volatility dynamics in Nigeria.” The study further hints that “trading volume and volatility dynamics have no relationship with changes in the numbers of Wikipedia pages view related to stock activities.” These results are advanced by our analyst with the use of the four weeks trading activities of the Nigerian Stock Exchange in January, 2021.

According to the Stock Exchange Commission at the end of first week of the month [January 8, 2021], “a total turnover of 3.394 billion shares worth N19.867 billion in 26,808 deals were traded. The Consumer Goods Industry (measured by volume) led the activity chart with 2.026 billion shares valued at N7.503 billion traded in 4,031 deals; thus contributing 59.70% and 37.77% to the total equity turnover volume and value respectively. The Financial Services Industry followed with 939.288 million shares worth N7.820 billion in 14,020 deals. The third place was Conglomerates Industry, with a turnover of 139.882 million shares worth N182.151 million in 885 deals.”

Second Week [January 15, 2021]

A total turnover of 3.447 billion shares worth N32.725 billion in 30,327 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 3.394 billion shares valued at N19.867 billion that exchanged hands last week in 26,808 deals. The Financial Services Industry (measured by volume) led the activity chart with 1.714 billion shares valued at N13.352 billion traded in 15,102 deals; thus contributing 49.74% and 40.80% to the total equity turnover volume and value respectively. The Construction/Real Estate Industry followed with 768.131 million shares worth N4.203 billion in 430 deals. The third place was Conglomerates Industry, with a turnover of 279.799 million shares worth N578.694 million in 1,199 deals. Trading in the top three equities namely UPDC Real Estate Investment Trust, Mutual Benefits Assurance Plc and Transnational Corporation of Nigeria Plc (measured by volume) accounted for 1.224 billion shares worth N4.459 billion in 929 deals, contributing 35.52% and 13.63% to the total equity turnover volume and value respectively.

Third Week [January 29, 2021]

A total turnover of 2.570 billion shares worth N27.884 billion in 31,466 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 4.288 billion shares valued at N25.989 billion that exchanged hands last week in 32,849 deals. The Financial Services Industry (measured by volume) led the activity chart with 1.497 billion shares valued at N12.695 billion traded in 14,324 deals; thus contributing 58.22% and 45.53% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 363.263 million shares worth N821.428 million in 1,722 deals. The third place was Consumer Goods Industry, with a turnover of 220.759 million shares worth N3.953 billion in 5,952 deals. Trading in the top three equities namely Transnational Corporation of Nigeria, Union Bank of Nigeria Plc and Zenith Bank Plc (measured by volume) accounted for 633.261 million shares worth N5.634 billion in 3,947 deals, contributing 24.64% and 20.20% to the total equity turnover volume and value respectively.

Fourth Week [January 22, 2021]

A total turnover of 4.288 billion shares worth N25.989 billion in 32,849 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 3.447 billion shares valued at N32.725 billion that exchanged hands last week in 30,327 deals. The Financial Services Industry (measured by volume) led the activity chart with 2.607 billion shares valued at N12.454 billion traded in 15,128 deals; thus contributing 60.81% and 47.92% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 813.813 million shares worth N1.561 billion in 2,417 deals. The third place was Oil and Gas Industry, with a turnover of 212.126 million shares worth N821.978 million in 2,726 deals. Trading in the top three equities namely Transnational Corporation of Nigeria, Living Trust Mortgage Bank Plc and Japaul Gold and Ventures Plc (measured by volume) accounted for 1.582 billion shares worth N1.564 billion in 2,726 deals, contributing 36.9% and 6.02% to the total equity turnover volume and value respectively.

In our analysis of the turnover volume extracted from the above submission by the Commission, our analyst discovers that 649,019,968 was the minimum turnover volume that occurred due to the Internet search activities [related to the companies listed on the Exchange and social indices] out of 13,698,947,479 volume recorded during the 20 days trading activities when more than 3.9 million Internet search volume was achieved. Over 708,000 was found as the maximum turnover volume. Analysis further reveals that strong connection does not exist between the search and turnover volume, emphasizing previous results of researchers in the academic community. The duo only connected by 3.6% and the search volume had 0.1% capacity of influencing the turnover volume.

Our analyst notes that the results are not surprising because attention was paid on seeking information about sports, life and style more than business, health, education, crime and politics. Information categories the public sought, according to our analyst, do not have an absolute direct link with the products and services of the companies listed on the Exchange Commission. Our analyst also notes that the results can also be understood within the context of the lack of robust search of products or services being offered by the companies. This can be linked with the low marketing activities of the companies during the trading period.

The Physics of Fundraising – Ndubuisi Ekekwe – Tekedia Daily [Video]

0

I invite you to join me at Tekedia Hub as I webcast on a topic “The Physics of Fundraising”. If you want to lead the one on Wednesday or in future, please contact Admin. The Tekedia Daily is not a webinar (no video-based Q/A); it is a pure webcast of maximum 20 minutes. However, after the webcast, the anchor can respond to questions put as comments by members.

For college students, reach out and let us explore how we can support you all on innovation. We plan to have a weekly Meetup managed by an experienced business operator.

To watch the webcast, follow @admin at hub.tekedia.com

Attend Facyber Course Free Once You Hit 100 Friends at Tekedia Hub

0

If you have at least 100 friends in Tekedia Hub, we will offer you free access to take any certificate course of interest at First Atlantic Cybersecurity Institute (facyber.com). We have the following modules:

  • Certificate in Cybersecurity Policy (CCYP)
  • Certificate in Cybersecurity Technology (CCYT)
  • Certificate in Cybersecurity Management (CCYM)
  • Certificate in Cybersecurity Intelligence & Digital Forensics (CCDF)

Each module takes 12 weeks and it is self-paced. The course syllabus and Table of Contents are provided at Facyber.com. Once you complete, the certificate will drop in your profile automatically.

Once you hit 100 followers at hub.tekedia.com, message @admin after you have done the following (below).

What To DO:

  • Hit the 100 friends at Tekedia Hub “Facebook for Innovators”
  • Visit Facyber and create your account (use the same email used for Tekedia Hub).
  • Activate the account in your email.
  • Email team with the certificate module of interest.
  • Admin will respond after setup & activation via Hub.
  • Login back to Facyber, you will see the course.

Program News for Tekedia Mini-MBA Participants

0

I muted as people were asking for their Tekedia Mini-MBA logins. We said Feb 1 and it is not even over, and yet, many emails were coming. Good People, you should have your logins now. Check your registered email with Tekedia. Registration for Tekedia Institute Mini-MBA edition 4 continues (click) as we get closer to Feb 8 when class begins. I just finished my class notes and will begin making the videos tomorrow. Totally new insights and perspectives. Welcome.

This information is for Tekedia Mini-MBA Edition 4  (Feb 8 – May 3, 2021) Participants. It is already in your Board.

Each Monday, course contents are published at 12 noon WAT. You will see Week 1, Week 2, etc.

Also, each Monday, we will publish the schedules for Tekedia Live webinars with topics, faculty or guests coming for that week. We have chosen Tuesdays, Thursdays and Saturdays for this edition. Timing would rotate at 12 noon or 7pm WAT. It typically lasts for 90 mins and it is optional.

Our sessions are exclusive to members and there would be a webcast for those unable to connect directly to Zoom; our Zoom accepts only the first 100. All sessions are archived and would be available here at the restricted Board.

As Google Contemplates Australia Exit, Microsoft Moves to Cash in with Bing

0

Google’s fallout with the Australian government is paving way for underdogs in the web search space to increase their market share. Microsoft is moving to take the place of Google, in case it withdraws its services in Australia.

Australia introduced legislation that would force Google and Facebook to pay publishers for their contents, and both US companies have threatened to withdraw their services in the country if the law comes into effect. On Monday, Australian Prime Minister Scott Morrison said Microsoft is confident its search product Bing, can fill the gap if Google pulls out.

The new legislation which requires both Google and Facebook to negotiate payments to local media outlets, whose content links they use to drive ad traffic, has created a faceoff between the tech companies and the Australian government.

The new legislation means Facebook and Google will have to bargain with newsrooms either individually or collectively – and to enter arbitration if the parties can’t reach an agreement within three months, the Australian Competition and Consumer Commission which put out the legislation said.

Facebook and Google have responded by calling the law unworkable. They said it will have negative impact on how their services are rendered in Australia.

“If this version of the Code were to become law, it would give us no real choice but to stop making Google Search available in Australia,” Google Australian managing director Mel Silva told lawmakers. “That would be a bad outcome not just for us, but for the Australian people, media diversity and small businesses who use Google Search.”Google accounts for 94% of search services in the Australian market, and Silva said the new code, which “would require payments simply for links and snippets just to news results in search,” will undermine “the free service we offer Australian users, and our business model has been built on the ability to link freely between websites.”

Microsoft CEO

On the other hand, Facebook’s vice president of public policy for Asia, Simon Milner said the company could ultimately block news content in Australia, although the social media giant is now making a move for a talk with the Australian authorities.

Australian treasurer Josh Frydenberg said Facebook founder and CEO Mark Zuckerberg had requested a meeting over the law, and they had talked, but it doesn’t change anything.

Meghan Quinn, Australian Department of Treasury deputy secretary of markets said the government would have limited ability to intervene if Google’s departure hurt businesses which rely on its search function.

“The code doesn’t prevent the wholesale withdrawal of services, and there’s difficulty in any of the legislative mechanisms we’ve got for someone to (be forced to) provide a service,” she said.

Morris also said their (Facebook and Google) threat to withdraw services would not change the government’s stand on the matter. Now, the situation is opening a new door for Microsoft’s Bing, which has been the underdog in Australia.

Microsoft told Reuters that its CEO Satya Nadella has since spoken with Morrison about the new rules, and Morrison said on Monday the software company was ready to grow the presence of its search tool Bing.

“I can tell you, Microsoft’s pretty confident, when I spoke to Satya,” Morrison told reporters in Canberra.

“We just want the rules in the digital world to be the same that exist in the real world, in the physical world,” Morrison added.

A Microsoft spokeswoman confirmed the company has been in contact with the Australian government but didn’t give further details.

“We recognize the importance of a vibrant media sector and public interest journalism in a democracy and we recognize the challenges the media sector has faced over many years through changing business models and consumer preferences,” she said.

Getting publishers paid for their online contents has become a growing discussion between Google, Facebook and governments recently. Last week, France and Google reached an agreement with certified French media publishers’ body, APIG, to establish a framework for media content pay. The framework was developed under the European Union 2019 copyright law.

Microsoft’s move to fill the vacuum that possible Google exit will create in Australia may likely set a trajectory that will bridge the wide gap in the web search market. If more countries follow the step of Australia, it will create more opportunities for Bing and DuckDuckGo to win more market shares.