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Nigerian Stock Exchange Market Pick Alerts - Investment (2302) - Nairaland

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Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 2:02pm On May 21, 2017
Redoil:
bullbearmkt
How much did dangote flour paid for their last dividend
...No dividend was paid throughout 2016 and since 2017 and I cannot remember when last Dangote Flour gave dividend. Not totally sure though.
grin grin grin grin grin
Re: Nigerian Stock Exchange Market Pick Alerts by dacoza007(m): 2:38pm On May 21, 2017
ihedioramma:
Minimum of #1000 but you have to read three books about investment/stock/shares first .

how do I get the books or is there any article online about it
Re: Nigerian Stock Exchange Market Pick Alerts by holm: 2:47pm On May 21, 2017
Redoil:
bullbearmkt
How much did dangote flour paid for their last dividend

Dangote Flour has had, Negative Retained Earning, for some years. With a negative retained earning, you can't pay dividend(It's like having negative bank account balance). But with the accumulating profit in the last few qtrs, the retained earning is projected to turn positive by year end. Thus, we grin grin shareholders, are expecting something huge or nice grin grin, this year.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Redoil: 3:07pm On May 21, 2017
holm:


Dangote Flour has had, Negative Retained Earning, for some years. With a negative retained earning, you can't pay dividend(It's like having negative bank account balance). But with the accumulating profit in the last few qtrs, the retained earning is projected to turn positive by year end. Thus, we grin grin shareholders, are expecting something huge or nice grin grin, this year.
will their be any share price apprecition in the short term like 3 months time

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 3:17pm On May 21, 2017
Nothing
Redoil:
bullbearmkt
How much did dangote flour paid for their last dividend
Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 4:13pm On May 21, 2017
Redoil:
will their be any share price apprecition in the short term like 3 months time

chai! see question grin

nobody can time the market,,, do your home work and buy based on your analysis then leave the market to reprice whenever it ready.

Hmmm, for dangote at N4 it a buy and if it goes below the price buy more grin apart from the Q1 good earnings the company have a good free cash to take opportunity of business going forward, it a plus grin grin grin. no be only paper profit declared grin

Q2 will give more clue

3 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by makashava(m): 4:45pm On May 21, 2017
Diamondbank may rally up with this week momentum. But don't see it going past #1 only if it can close above #1 a sure thing for a tier 2bank.
Re: Nigerian Stock Exchange Market Pick Alerts by Princkez: 6:10pm On May 21, 2017
Pls can any one tell me wat is going on in TRANSCORP...with wat happend on friday
Re: Nigerian Stock Exchange Market Pick Alerts by Cadillac15(m): 6:37pm On May 21, 2017
currentprice:


chai! see question grin

nobody can time the market,,, do your home work and buy based on your analysis then leave the market to reprice whenever it ready.

Hmmm, for dangote at N4 it a buy and if it goes below the price buy more grin apart from the Q1 good earnings the company have a good free cash to take opportunity of business going forward, it a plus grin grin grin. no be only paper profit declared grin

Q2 will give more clue



Bro. I bought some units of WAPCO thru Morgan Capital and they are closing their register 2moro. What do I need to do in order to receive my dividend?
Re: Nigerian Stock Exchange Market Pick Alerts by yok: 9:30pm On May 21, 2017
Once you have bought the share before the ex-div date and you are still holding the shares up to the ex-div date you will get the dividend declared. You need not do anything.
Re: Nigerian Stock Exchange Market Pick Alerts by Cadillac15(m): 9:50pm On May 21, 2017
yok:
Once you have bought the share before the ex-div date and you are still holding the shares up to the ex-div date you will get the dividend declared. You need not do anything.

So i dont need to call morgan or mail their registrar?
Re: Nigerian Stock Exchange Market Pick Alerts by yok: 9:51pm On May 21, 2017
22/23 May 2017. likely to be quiet days in the market as major players will be waiting for the MPC decision for the April 2017 Meeting. A good time to enter some equities on pull back.


From Afrinvest Report:

Pre-MPC Note: Maintaining Status Quo While Consolidating on FX Market Gains
Next week Monday and Tuesday, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) will be meeting to review major developments in the global and domestic space since its last meeting. This 3rd meeting in 2017 is coming at a time when the global economy is viewed to be in a sweet spot following respite in global downside risks related to the US elections, Brexit uncertainty and concerns of slower growth in China. The impact of the expectations of expansionary fiscal policy is evident in the bullish trend in US equities as well as a stronger dollar. Yet, expectations of an expansionary fiscal policy by Trump’s Administration has led to a rate hike by the US Fed as well as expectation of further rate increases in 2017. Commodity prices have also remained strong since the last MPC meeting while OPEC’s May 25th meeting on oil production cut agreement should further support price at this level. We expect that an extension of the production agreement will continue to keep oil prices around US$48.00 – US$53.00 in the near term despite the threat from shale oil production in the US and Canada.

On the domestic front, there are a number of noticeable signals of a potential rebound in economic activities from Q2:2017. April’s Purchasing Managers’ Index (PMI) which settled at 51.1 points highlighted an improvement in overall business activity and reaffirmed that the economy is on its path to recovery. Also, there has been improvement in government finances occasioned by increase in domestic oil production as well as stability in global oil prices. Similarly, there has been significant improvement in the FX management which in turn has led to a remarkable improvement in FX liquidity. The CBN has continued special wholesale and retail interventions as well as the introduction of the SME window and Investors’ & Exporters’ FX window in which transactions are executed at a market determined rate (NAFEX). Consequently, rates at the I&E window and the parallel market have witnessed a convergence with NAFEX and parallel market rates closing at N381.04/US$1.00 and N381.00/US$1.00 respectively on May 18, 2017.

Relatedly, the pace of increases in Headline inflation has been on a downtrend since February, largely due to high base effect from 2016 and more recently the improvements in FX liquidity. April inflation data released during the week showed Headline inflation easing marginally from 17.3% in March 2017 to 17.2%. Core inflation continued to ease, settling at 14.8% in April 2017 from 15.4% in March. Food inflation however remained a concern, surging to 19.3% in April despite the improvement recorded in imported Food sub-index which moderated to 17.0% in April from 18.1% in March, highlighting continuous pressures in domestic food prices. However, Q1:2017 GDP data (anticipated to be released next week Tuesday) is expected to show that the economy ended the first quarter still in a recession (Afrinvest estimates 1.0% contraction), though we expect a rebound in Q2:2017 GDP due to an improvement in oil production volumes and an uptrend in the services sector.

Interestingly, the impact of the improvement in liquidity and management of foreign exchange has been evident in the performance of the equities market – which surged to a 10-month high of 28,873.44 points – as foreign investors have started returning to the market while domestic participation has also improved.

Accordingly, analysis of the various interesting developments within the economy over the last two months suggests that the May MPC meeting is to “mark attendance “as we are of the view that the Committee would be likely satisfied with the recent traction the economy garnered. Whilst the MPC will likely be comfortable with rate convergence between the street and NAFEX, the Committee would reason the need to charge the CBN to revert to the recommendation on flexible foreign exchange framework which was approved since the May 2016 Meeting.

Whilst the recent downtrend in Headline inflation, especially the satisfactory moderation in core inflation from 18.1% in Dec-2016 to 14.8% in April-2017, could justify a rate cut, we are of the view that the MPC will resist this temptation as this may be premature. Also, reducing MPR at this time will not necessarily reduce the risk perception of the country more so that a higher rate environment would further dampen bank’s appetite towards real sector lending. Similarly, reducing Cash Reserves Ratio (CRR) defies monetary policy logic given the frequency of weekly OMO mop-ups at a significantly high cost. The latest data show that as at March 2017, Commercial Banks’ Reserves with the CBN settled at N3.3tn with CRR at 22.5%. If CRR is reduced by 2.5% to 20.0% for example, a total injection of N366.0bn would be pumped into the system immediately. It will be therefore counter intuitive to reduce CRR that is at no cost to the CBN only to mop-up with OMO at expensive rate. On the flip side, our analysis completely rules out the possibility of a hike in CRR.

Afrinvest Research is of the view that the argument for maintaining status quo and consolidating on recent positives in the economy will be overriding at this May Meeting. On a balance of considerations therefore, we vote for:
I. Retention of MPR at 14.0% with the Asymmetric Window at +200 and -500
II. A hold on CRR at 22.5%; and
III. Retention of Liquidity Ratio at 30.0%; and
We reason that the convergence of multiple FX windows into one truly flexible market determined FX structure will further boost investor confidence and buoy foreign portfolio inflow into the country.

Global Market Review and Outlook
In the global scene this week, performance of various equity indices was majorly hinged on political developments especially in the US and Brazil. In anticipation of the the next FOMC meeting in the US, expectations of a Fed fund rate hike have continued to mount even as economic data have shown some weaknesses in the broader economy. Performance across global equity indices under our coverage was mixed across regions. In the developed markets, the US indices trended lower as the S&P 500 and NASDAQ declined 1.1% W-o-W apiece while the UK FTSE appreciated 0.4% W-o-W on account of reduced uncertainty amongst investors regarding the upcoming “leadership” election on June 8th with polls indicating the conservatives are ahead.

In the BRICS markets, the Brazil IBOVESPA plunged 9.7% W-o-W as the ongoing political tensions dragged activities during the week; notably, trading activities were halted briefly on Thursday. Likewise, the Russian RTS depreciated 0.5% W-o-W partly due to concerns with regards to Russia’s relationship with the US. However, the Chinese SHANGAI COMPOSITE inched 0.2% higher W-o-W amidst speculation of policy makers attempting to manipulate market activities.

Across the Eurasian region, performance was broadly bearish as all indices depreciated save for the Hong Kong HANG SENG which appreciated 0.1% W-o-W. The France CAC 40 and German DAX dipped 1.6% and 1.0% respectively W-o-W. Similarly, the Japan Nikkei fell 1.5% W-o-W despite the economy’s fifth consecutive quarter of GDP growth, the longest expansion witnessed in a decade.

Performance across the African markets was positive as the Egypt EGX and Ghana GSE Composite appreciated 0.4% W-o-W apiece. The Nigerian All share Index, however, slid 0.3% W-o-W due to profit taking on stocks that appreciated over the past weeks while the Kenyan NSEASI closed flat.

Equities Market Review and Outlook
Since the announcement of the Investors’ & Exporters’ (I&E) FX window on the 21st April, 2017, the equities market has witnessed a significant increase in activity level. Comparing average volume and value of transactions in the 3 weeks preceding the introduction of NAFEX with the last 3 weeks of its operations suggests that Average volume and value surged 97.7% and 214.7% from 213.4m and N1.4bn to 421.7m and N4.2bn. This has been on account of the improvements in the forex market as well as some improvement in macroeconomic fundamentals which had hitherto discouraged the inflow of Foreign Portfolio Investments. Consequently, the benchmark index rose to a 10-month high last week Thursday; instigating a round of profit taking by investors on stocks that significantly appreciated. Unsurprisingly, the Bourse capped its 4-week bullish run as the Benchmark Index declined 0.3% W-o-W to close at 28,113.38 points, while YTD gain pared to +4.6%.

Equities performance in the week was hauled by price depreciations in market bellwethers as well as some mid cap stocks - FIDSON (-6.8%), MOBIL (-5.0%), NIGERIAN BREWERIES (-3.4%), DANGCEM (-1.2%) and LIVESTOCK (-7.9%) with investors ceding N26.6bn as market capitalization contracted to N9.7tn. Activity level was however mixed as average volume fell 30.2% to N454.1m while value traded rose 13.6% to N6.5bn.

Performance across sectors was bearish as 3 of 5 indices declined. The Banking index topped the gainers’ chart, up 2.6% W-o-W as a result of gains in UBA (+9.6%), GUARANTY (+5.0%) and ACCESS (+1.9%) while appreciations in NEM (+6.2%), LINKASSURE (+11.5%) and CUSTODYINS (+1.2%) buoyed the Insurance index to appreciate 0.4% W-o-W. On the flip side, the Oil & Gas index fell the most, down 3.3% W-o-W on account of depreciations in ETERNA (-8.7%), MOBIL (-5.0%) and FORTE (-5.0%). Similarly, the Consumer and Industrial Goods indices fell 1.5% and 0.1% respectively W-o-W on account of depreciations in NIGERIAN BREWERIES (-3.4%) and DANGCEM (-1.2%).

In line with tempered sentiment, market breadth waned to 1.0x (from 5.0x in the previous week) as 29 stocks advanced against 29 that declined. The best performing stocks for the week were MAYBAKER (+14.8%), LINKASSURE (+11.5%) and UBA (+9.6%) while the worst performers were AIRSERVICE (-13.2%), CILEANSING (-11.8%) and DIAMOND (-11.0%). Quite in line with our expectation, the market witnessed a great deal of profit taking this week. Notwithstanding, we expect investors’ interest in equities to stay strong as the improvements in FX persist.

Bond Market Review and Outlook
In a turn of fortunes for the bonds market, performance this week was largely bearish as marginal upticks in yields were recorded on all trading days of the week. Activity level stayed soft on the back of the increasing appetite for equities given the recent rally. Accordingly, average yield across benchmark instruments stayed flat at 16.1% on Monday (same as the previous Friday). However on Tuesday, investors sold off on the JAN 2022, JUL 2030 and MAR 2036 instruments, hence average yield rose 3bps. The bearish trend was sustained on Wednesday as investors’ appetite shifted away from mid and long tenored instruments, further pushing average yield 3bps northwards. Trading activities on Thursday mirrored the previous day and the bearish trend lasted all through the week as average yield settled at 16.2% on Friday, up 10bps W-o-W. In the coming week, we expect performance to remain bearish as investor sentiment stays soft.

Performance of the Sub-Saharan African sovereign Eurobonds market was broadly mixed during the week. Across the Nigerian instruments, investors sold off on 2018 and 2032 instruments, though the impact was muted by increased buy sentiment in the 2021 and 2023 instruments. Similarly yield on the South African 2017, 2019 and 2041 instruments rose during the week while Investors’ interest remained centered on the 2020, 2022 and 2024 instruments. This mixed trend was mirrored across all the markets under our coverage save for Ivory Coast as sell-offs were recorded on all instruments. The Kenyan 2024 Eurobond remains the best performing instrument, up 7.9% YTD.

Similarly, performance of the Nigerian Corporate Eurobonds was mixed but largely bearish as yield on all instruments save for the GUARANTY 2018, ACCESS 2021 and ZENITH 2021 which fell 10bps, 6bps and 1bp respectively rose W-o-W. In a related development, Zenith bank recently announced plans to raise US$500.0m Eurobond which is the second tranche of its US$1.0bn global medium term note programme launched in 2014. We expect this to be largely successful given the current developments in the Nigerian Eurobond space.

Money Market Review and Outlook
In the money market, the CBN continued with its tightening stance as OMO auctions were conducted on 4 days during the week despite the tight financial system liquidity. Liquidity levels were pressured by the CBN’s SMIS auction in the week and as such activities were largely determined by system liquidity dynamics. At the start of the week, financial system liquidity settled at a deficit of N51.9bn implying a N39.6bn moderation from the previous Friday. Accordingly, Open Buy Back (OBB) and Overnight (OVN) rates jumped to 48.3% and 53.3% from 27.5% and 29.5% respectively in prior week. On Tuesday however, rates marginally moderated but the uptrend continued on Wednesday as OBB and OVN stood at 62.5% and 66.8% respectively. By Thursday, an OMO maturity of N87.0bn which hit the system slightly buoyed liquidity level as OBB and OVN dropped to 58.3% and 65.0% respectively. Eventually, money market rates - OBB and OVN rates closed the week at 23.3% and 26.1%, down 4.2% and 3.4% W-o-W.

Similarly, bearish sentiment filtered into the Treasury bills market as lower liquidity levels pressured activity. Consequently, average yield rose on all trading sessions of the week. At the start of the week, investors sold off on short to medium tenored instruments in anticipation of higher rates at the Primary Market Auction to be conducted on Wednesday. Accordingly, average rates rose on Monday and Tuesday and eventually settled at 19.0% on Wednesday. At the auction, N32.4bn of the 91-day (Allotted: N32.4bn, Rate: 12.5%), N22.8bn of the 182-day (Allotted: N22.8bn, Rate: 17.1%) and N55.7bn of the 364-day (Allotted: N55.7bn, Rate: 18.7%) instruments were sold. In line with trend, all the instruments were oversubscribed by an average of 1.6x. Average rate across tenors eventually closed the week at 19.2%, indicating 0.6% increase W-o-W.

In the week ahead, we expect money market rates to trade in double digits barring any major inflow into the system. We also expect OMO maturity of N119.1bn to impact liquidity levels whilst not ruling out the possibilities of OMO auction by the CBN to mop up liquidity.

Foreign Exchange Market Review and Outlook
Improvements were recorded at the various segments of the Nigerian foreign exchange market during the week. At the Official market, the CBN conducted its weekly SMIS auction offering US$100.0m for spot and short tenored forwards as well as continued its daily FX interventions in order to stabilize rates and improve dollar liquidity. As a result, rates at the interbank market appreciated from N304.60/US$1.00 at the start of the week to settle at N304.45/US$1.00 on Friday.

Notably, benefits of the launch of the Investors’ & Exporters’ (I&E) FX window were further buttressed during the week as a somewhat convergence between the NAFEX rate (N381.04/US$1.00) and the parallel market rate (N381.00/US$1.00) was established on Thursday. NAFEX rate eventually settled at N380.90/US$1.00 at the end of the week from N381.51/US$1.00 on Monday while parallel market rates closed the week at 381.00/US1.00, up 1.3% from N386.00/US$1.00 on Monday.

At the FMDQ OTC futures market, trading activity level remained low relative to the period prior to the announcement of the I&E window. Accordingly, value of open contracts rose by US$23.8m to settle at US$3.5bn (similar to the previous week). Next week, the CBN will be settling US$253.6m in value of open contracts of the maturing NGUS MAY 24 2017. We expect the Apex Bank to issue a new 12 month MAY 2018 instrument to replace the maturing instrument.

In the week ahead, the MPC will be holding its 3rd meeting in 2017 and we believe the operations of the FX market especially on the recent gains in FX administration will dominate the discourse. However, we do not think there would be a major shift in the current management of the FX market given the massive success and acceptance of the I&E window. We expect the CBN to continue to consolidate on these gains while sustaining its current momentum at the FX market; hence, we expect rates to remain stable next week.

Above report is from Afrivest Weekly Report
Re: Nigerian Stock Exchange Market Pick Alerts by yok: 9:56pm On May 21, 2017
No need to call any registrar or stockbroker to be entitle to your dividend. The purchase before the ex-div ate is the determining factor and your contract note for the purchase will always confirm the date of transaction. Finito,
Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 10:15pm On May 21, 2017
holm:


Dangote Flour has had, Negative Retained Earning, for some years. With a negative retained earning, you can't pay dividend(It's like having negative bank account balance). But with the accumulating profit in the last few qtrs, the retained earning is projected to turn positive by year end. Thus, we grin grin shareholders, are expecting something huge or nice grin grin, this year.

As at Jan 1, 2017(pg 7 of Q1 unaudited), Accumulated losses/Retained earnings stood at (N12.4B) only. By the end of Q1,2017 it improved to (N9.84B) meaning gain of about N2.62B. Dangflour will barely turn positive as far as retained earnings is concerned if it continues at this rate. The company must report higher profits to meet your huge expectation. I don't doubt the potential of the management to make this happen though. Just trying to paint a clearer picture. Subsequent quarters should be better. I also believe the market might reprice this stock higher before the year ends as continuous profits are declared quarterly.

This is not a recommendation to BUY or to REFRAIN from buying.

EDIT: Just realized there's a seperate report (pg 8 of Q1 unaudited) stating (N8.51B) as at Jan 1,2017 which has now improved to (N5.48B). (Accountants in the house, what's the difference between the two?) Then, it's expected to turn positive by Q3,2017 if tempo is maintained.
Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 10:23pm On May 21, 2017
Cadillac15:


Bro. I bought some units of WAPCO thru Morgan Capital and they are closing their register 2moro. What do I need to do in order to receive my dividend?

Not sure you asked the right question grin Are you expecting a credit alert or cheque in the mail box? For the former,visit your bank and ask for E-dividend mandate form. For the latter,do nothing......better still, start praying to receive the cheque in less than six months from payment date. tongue
Re: Nigerian Stock Exchange Market Pick Alerts by bigtt76(f): 10:38pm On May 21, 2017
Will one e-dividend mandate work for all or I need to get for individual registrars?




Manonamission:


Not sure you asked the right question grin Are you expecting a credit alert or cheque in the mail box? For the former,visit your bank and ask for E-dividend mandate form. For the latter,do nothing......better still, start praying to receive the cheque in less than six months from payment date. tongue
Re: Nigerian Stock Exchange Market Pick Alerts by ukay2: 11:58pm On May 21, 2017
Manonamission:


As at Jan 1, 2017(pg 7 of Q1 unaudited), Accumulated losses/Retained earnings stood at (N12.4B) only. By the end of Q1,2017 it improved to (N9.84B) meaning gain of about N2.62B. Dangflour will barely turn positive as far as retained earnings is concerned if it continues at this rate. The company must report higher profits to meet your huge expectation. I don't doubt the potential of the management to make this happen though. Just trying to paint a clearer picture. Subsequent quarters should be better. I also believe the market might reprice this stock higher before the year ends as continuous profits are declared quarterly.

This is not a recommendation to BUY or to REFRAIN from buying.

EDIT: Just realized there's a seperate report (pg 8 of Q1 unaudited) stating (N8.51B) as at Jan 1,2017 which has now improved to (N5.48B). (Accountants in the house, what's the difference between the two?) Then, it's expected to turn positive by Q3,2017 if tempo is maintained.

Am even confused with two separate reports pages 7&8 of q1 2017... even AUDITED 2016 Q4...Accumulated losses was N12.4B in page14 and this changed to N8.5B in page 15......which one should shareholders use as the real figures. ...

Please guys help us explain the two contradictory figures make person de project well...
Cc....Currentprice, coolcash, bullbearMekt, FXUSER etc
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 3:18am On May 22, 2017
ukay2:


Am even confused with two separate reports pages 7&8 of q1 2017... even AUDITED 2016 Q4...Accumulated losses was N12.4B in page14 and this changed to N8.5B in page 15......which one should shareholders use as the real figures. ...

Please guys help us explain the two contradictory figures make person de project well...
Cc....Currentprice, coolcash, bullbearMekt, FXUSER etc
...I'm sorry I cannot help with fundamental, however, I'm available for any technical enquiries. I hope you understand.
grin grin grin grin grin

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 3:41am On May 22, 2017
Be Cautious In Your Investment/Trading
The bulls took centre stage again last week; and out of the 5 trading days, the market was bullish for 4 days moving the NSE All Share Index to 28113.40 points! However, the bull run witnessed since late April is slowing down.

The market is presently sitting on a critical level. Since 2010, this level often determines the reversal or continuation (support/resistance) of the market, chart 1. Similarly, Friday's closing bar indicates indecision in the market and need further confirmation to determine the next move of the market.

Chart 3 provides' indicators used to monitor market breadth. The short-terms AD line has crossed the centre line while McO has lost its upward momentum and pointing downward. However, the mid-to-long-term, SI, is still showing the possibility of market appreciation.

All these are pointing to a short-term market slow down or pullback, but on medium to long term, the market is bullish. So, if you are planning to take new positions today, be cautious...

Happy trading week to everyone.
grin grin grin grin grin

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by holm: 4:22am On May 22, 2017
Cadillac15:


So i dont need to call morgan or mail their registrar?

You don't need to. But you could make life easy on yourself by registering for the e-dividend thru your bank or registrar. Such that your dividend lands GIDIGBA for your bank account. grin grin
Re: Nigerian Stock Exchange Market Pick Alerts by holm: 4:24am On May 22, 2017
bigtt76:
Will one e-dividend mandate work for all or I need to get for individual registrars?





You need to register with each Registrar that manages shares of the companies you are invested in.
Re: Nigerian Stock Exchange Market Pick Alerts by ihedioramma: 7:34am On May 22, 2017
dacoza007:


how do I get the books or is there any article online about it
Go to market and ask for it . Article you may get online can't teach all you need to know first .
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 7:38am On May 22, 2017
ukay2:


Please what of Dangote Flour Plc....What is the TA....? Any pull back soon?
Thanks

Sorry for the late response
Looks neutral so I'm looking at the monthly to reduce all noise

- yet to breakout
- May 2016 monthly open and close was 3.15 - 5.04 (last monthly break before the rest / PB)
- SP has been trading within that monthly range for 12 months
- patience
Re: Nigerian Stock Exchange Market Pick Alerts by ihedioramma: 7:42am On May 22, 2017
Oil prices rose on Monday, supported by reports that an OPEC-led supply cut would not only be extended into next year but might also be deepened in order to tightening the market and prop up prices. Brent crude futures were up 25 cents, or 0.5 percent, from their last close at $53.86 per barrel at 0035 GMT (8:35 p.m. ET). U.S. West Texas Intermediate (WTI) crude futures were back above $50 per barrel, trading at $50.62, up 29 cents or 0.6 percent. Both benchmarks have risen more than 10 percent from their May lows early in the month. Prices have been lifted by expectations that a pledge by the Organization of the Petroleum Exporting Countries (OPEC) and other producers, including Russia, to cut supplies by 1.8 million barrels per day (bpd) would be extended to March 2018, instead of covering just the first half of this year to March 2018. “Crude oil prices continued to trend higher as the market becomes increasingly confident that OPEC members will commit to a rollover in the production cut agreement .
Re: Nigerian Stock Exchange Market Pick Alerts by ukay2: 7:44am On May 22, 2017
fxuser:


Sorry for the late response
Looks neutral so I'm looking at the monthly to reduce all noise

- yet to breakout
- May 2016 monthly open and close was 3.15 - 5.04 (last monthly break before the rest / PB)
- SP has been trading within that monthly range for 12 months
- patience

Thanks. ...pls alert us on Pull-back
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 7:54am On May 22, 2017
Princkez:
Pls can any one tell me wat is going on in TRANSCORP...with wat happend on friday

- opened at 1.20
- bears came in shock the whole place lol , pulled SP to 1.14
- bulls rejected the pull and drove price back to 1.20
- forming Doji (Dragon fly )
- d bears will try again , a close above 1.20 is +ve , a close below is PB
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 7:56am On May 22, 2017
ihedioramma:
Oil prices rose on Monday, supported by reports that an OPEC-led supply cut would not only be

“Crude oil prices continued to trend higher as the market becomes increasingly confident that OPEC members will commit to a rollover in the production cut agreement .

Brent breaking $54

Emefiele will be happy
Re: Nigerian Stock Exchange Market Pick Alerts by stockish(m): 8:23am On May 22, 2017
veecovee:
Calvary greetings,

LETS CHANGE AND BECOME TRUE BNSITL

John 8:31 King James Version (KJV)
Then said Jesus to those Jews which believed on him, If ye continue in my word, then are ye my disciples indeed;

Hebrews 12:14 King James Version (KJV)
Follow peace with all men, and holiness, without which no man shall see the Lord:

1 Peter 1:15-17 King James Version (KJV)
But as he which hath called you is holy, so be ye holy in all manner of conversation;
Because it is written, Be ye holy; for I am holy.
And if ye call on the Father, who without respect of persons judgeth according to every man's work, pass the time of your sojourning here in fear:



MARANATHA.

I notice that the majority here are against the message that I post just once every morning, how would it have been if i preach always. We claim to brothers and sisters in the Lord but hate the Word of the Lord. The messages are being deleted on daily basics. I don't think I'll continue to send these lines to you cause you didn't welcome it, rather I'll dust my feet and stop. I don't think that any person that I have come across on earth will acuss me of not preaching the Word to him. All you would have done is just to read and move on rather than condemn the Word of the Lord...how many time have you people stop a preacher in the market? Some said it is disobedience as they think with there little brain, while God said go into all the world and preach and whoever that reject your preaching...DUST your feet for the judgement day. You people dont even know that the true disobedience, is that I didn't preach you and you die and go to hellfire. Well, I wouldn't post anymore... Hope many are happy now? You better stop calling your selves "BNSITL" rather "BNSIT stock info"
hmm! I'll be missing your inspirational messages here. Please give me other forum where you post. Do you post on facebook?. I love your morning meesages. They are spirit lifting
Re: Nigerian Stock Exchange Market Pick Alerts by afo7219: 8:27am On May 22, 2017
Gud morning everyone. Early morning gist sir Oga fxuser especially on oando n fbnh n outlook for d week
Re: Nigerian Stock Exchange Market Pick Alerts by Miarose: 8:27am On May 22, 2017
Pls where will u be posting? Mention me. I love ur posts
Re: Nigerian Stock Exchange Market Pick Alerts by Infinitisi(m): 8:35am On May 22, 2017
The emotional blackmail is uncalled for.

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