http://af.reuters.com/article/nigeriaNews/idAFL6E8K7JU920120912

* Profits expected to push Nigeria index up 25 pct this year

* Stocks up 19 pct so far, emerging market peers up 6 pct

* Bond yields fall, stocks rise, foreign inflows lift naira


LAGOS, Sept 12 (Reuters) - Nigerian fund managers have been switching into stocks from bonds, hoping that strong earnings and new rules on the bourse will drive them up 25 percent this year.

The main market index, which has been hovering around a 59-week high hit last week, has gained 19 percent so far this year, after shedding 17 percent in 2011.

It has also outperformed its emerging market peers , which gained on average just under 7 percent.

"Our target for (holdings of) stocks this year is around 60 percent and 40 percent in bonds," Mayowa Ogunwemimo, head of Nigerian asset management firm FSDH, which manages 50 billion naira, told Reuters. She had 40 percent in stocks last year.

Pension funds and asset managers are targeting an index level of 26,000 points by year-end on sub-Saharan Africa's second biggest stock market, which opened at 20,672 points in January, as bond yields fall and the naira stabilises.

Good news..What broker do you prefer?

I still use my usual fund managers.... No reasons to change yet. Am going for Access Bank shares too for now!!

May the bones rise up and walk !

firstbank is moving faster now with highiest hit this year 14;40 as for yesterday 12/09/12

austinsmat: firstbank is moving faster now with highiest hit this year 14;40 as for yesterday 12/09/12

For now am looking for stocks outside the banking industry..I have already bought Access, GTB, FBN and Zenith........closely watching Sterling Bank!

Outside banking, am going for OANDO! I think it has been punished enough!!

feelamong:

For now am looking for stocks outside the banking industry..I have already bought Access, GTB, FBN and Zenith........closely watching Sterling Bank!

Outside banking, am going for OANDO! I think it has been punished enough!!

as for outside banking industry i will advise to go nigeria breweries

austinsmat: as for outside banking industry i will advise to go nigeria breweries

Hmmmm... Nig Brew at Over N125.. dont you think its already over priced

feelamong:

Hmmmm... Nig Brew at Over N125.. dont you think its already over priced

shares can never over price the price is always going up that is the best for now for non backing sectors

feelamong:

Hmmmm... Nig Brew at Over N125.. dont you think its already over priced

have u see why Nig Brew is still the best today it hit 131.99 with gain of 6.28 as well of firstbank it hit 14.49 with gain of 0.9 this is moving stock shares for now 13/09/12 date

[quote
author=feelamong]

For now am looking for stocks outside the banking industry..I have
already bought Access, GTB, FBN and Zenith........closely watching
Sterling Bank!

Outside banking, am going for OANDO! I think it has been punished
enough!![/quote] bros ur own OANDO is on loss side with loss of 0.3 at price of 13.46

austinsmat: bros ur own OANDO is on loss side with loss of 0.3 at price of 13.46

Yea OANDO lost yesterday...but I still believe its been punished enough. I have started to buy it..hopefully one year from now I would have doubled the money.

NB: are u aware that OANDO in collabo with Lagos state Govt is bidding for the Eko Power Disco? Once that deal is sealed......make i hold my breath here!!

feelamong:

Yea OANDO lost yesterday...but I still believe its been punished enough. I have started to buy it..hopefully one year from now I would have doubled the money.

NB: are u aware that OANDO in collabo with Lagos state Govt is bidding for the Eko Power Disco? Once that deal is sealed......make i hold my breath here!!

like how many months will it takes to bounce back why not grab some free money from moving train

austinsmat: like how many months will it takes to bounce back why not grab some free money from moving train

No no....not my style to enter a moving train! once its off I look around for other trains to enter. Most time once the trains have moved, you will only be dumped on by the big brokers and fund managers.....

Stock marlet investing is with long term in view but then if there are profits to be booked in the short term, I dont hesitate to take mine. I entered International breweries at N5 early this year...today am sitting on more than 110% profit for a N2M investment....I did same for Access at N4.38.. and UBA at N1.98..

I will wait on this one cos once it starts to move, i will be watching millions of people trying to get in at the VIP coach of the Train.