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Nigerian Stock Exchange Market Pick Alerts - Investment (7249) - Nairaland

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Re: Nigerian Stock Exchange Market Pick Alerts by agbanimu11: 2:59pm On Sep 11, 2023
Please, I noticed there's serious pullback majorly in banking sector in today's market, could it be terrible results released by unity bank?
Re: Nigerian Stock Exchange Market Pick Alerts by crownprince2017: 3:06pm On Sep 11, 2023
Dangote sugar is red anyhow, is it an opportunity to enter or wait a bit more?
I transferred to Meristem since but they are yet to credit my wallet, is that how slow they are?

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Kreos44: 3:17pm On Sep 11, 2023
Making money in this market is not for the faint hearted. I waited for pull back in Dangote sugar from the time it was 45ish so i can buy more units, it didn't happen. I finally gave in on Friday and bought at N64. See price now. grin

7 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by leparj(m): 3:23pm On Sep 11, 2023
Kreos44:
Making money in this market is not for the faint hearted. I waited for pull back in Dangote sugar from the time it was 45ish so i can buy more units, it didn't happen. I finally gave in on Friday and bought at N64. See price now. grin

Na so.
There was a time I always felt someone was watching me. As soon as I bought, the price will fall.
If u go long term, such changes don't matter.

7 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 3:28pm On Sep 11, 2023
Yoast:
Blood day on NGX. Reasons unknown. Let's see how tomorrow goes
Naira Redenomination news,I head I will affect stock prices.

3 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by leparj(m): 3:31pm On Sep 11, 2023
GreatEko:
Zenith bank Q2 result is out!!!

Interim dividend is N0.50.

https://doclib.ngxgroup.com/Financial_NewsDocs/39399_ZENITH_BANK_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_SEPTEMBER_202n3.pdf
Mirroring Gtco.
As expected.
When is qualifying and payment
dates?

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Kebson(f): 3:36pm On Sep 11, 2023
I have never been lucky with these Dangote sugar Stocks, all my other stocks are green, being watching Dansugar doing +10% all these while, the moment I decide to enter -10% begin grin grin grin grin... anyway na long term we dey drive normally, all good grin grin grin

7 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by leparj(m): 3:45pm On Sep 11, 2023
OBAGADAFFI:

Naira Redenomination news,I head I will affect stock prices.

Is the naira redenomination news true?
Don't tink it's a good move o.
Ghana went that way. And it appeared not to have helped them.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by ProphetUtuocha: 3:52pm On Sep 11, 2023
Congratulations to the folks who keyed onto Oando and who are currently enjoying the ride. Relax, we are on an excitingly long journey.

Meanwhile, I will soon reveal one bank that's poised to weather the storms as it embarks on another impressive ride. Be watchful

3 Likes 1 Share

Re: Nigerian Stock Exchange Market Pick Alerts by Boshins: 3:53pm On Sep 11, 2023
Kebson:
I have never been lucky with these Dangote sugar Stocks, all my other stocks are green, being watching Dansugar doing +10% all these while, the moment I decide to enter -10% begin grin grin grin grin... anyway na long term we dey drive normally, all good grin grin grin
you ran after a stock on speed...Lesson...."You make money when you buy not when you sell"

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by STNWAUME(m): 4:05pm On Sep 11, 2023
ProphetUtuocha:
Congratulations to the folks who keyed onto Oando and who are currently enjoying the ride. Relax, we are on an excitingly long journey.

Meanwhile, I will soon reveal one bank that's poised to weather the storms as it embarks on another impressive ride. Be watchful


That means u booked profit on your OANDO. Now want to moved your loot to the banking section after redenomination market crash.

Nice one.

6 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Kebson(f): 4:11pm On Sep 11, 2023
You learn daily in this market, Key learning remains " Think long term always, no PERFECT entry point."

Boshins:
you ran after a stock on speed...Lesson...."You make money when you buy not when you sell"

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by ProphetUtuocha: 4:31pm On Sep 11, 2023
Why would any shrewd investor book profit when the journey is just beginning? Oando remains the new bride for a long time!

STNWAUME:


That means u booked profit on your OANDO. Now want to moved your loot to the banking section after redenomination market crash.

Nice one.

5 Likes 1 Share

Re: Nigerian Stock Exchange Market Pick Alerts by STNWAUME(m): 4:43pm On Sep 11, 2023
ProphetUtuocha:
Why would any shrewd investor book profit when the journey is just beginning? Oando remains the new bride for a long time!


Well some of us bought loads of OANDO @#5;30 and sold today #8:45.
Good luck to those in the bus.

"They say a bird at hand is worth 2milliion in the bush"

I'm now on the sidelines waiting for the oracle's generational low.

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Hogwarthtrades: 4:48pm On Sep 11, 2023
Totally random; will NSE be closed for a day or hours in honour of PA williams? on the shoulders of giant we stand on, R.I.P to one of the progenitors of NSE !!!
Re: Nigerian Stock Exchange Market Pick Alerts by Mfunkynation(m): 5:03pm On Sep 11, 2023
yMcy56:
Some NASCON gotten @53.65, 52.25 today..... Some will rush out blindly and regret the action..... Some will be booking profits....... More of trader's activities... It's well.
We see how tomorrow goes again....
please ma'am, kindly check your mail. Thanks
Re: Nigerian Stock Exchange Market Pick Alerts by Curiouscity(m): 5:05pm On Sep 11, 2023
Hogwarthtrades:
Totally random; will NSE be closed for a day or hours in honour of PA williams? on the shoulders of giant we stand on, R.I.P to one of the progenitors of NSE !!!

I know we don't measure productivity in most establishments in Nigeria. But closing NSE for an hour or day is counter productive. There are many ways to honour or immortalize his legacy.

3 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 6:10pm On Sep 11, 2023
Sep Bond Auction:
29s 14.50%
33s 15.45%
38s 15.55%
53s 16.25%

I hope this trend up in rates in the bond auction today is not the cause of NSE dip today. As fund managers attempt to lock in long term high yields by selling some shares to buy long dated bonds.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 6:22pm On Sep 11, 2023
BabsO2:
Sep Bond Auction:
29s 14.50%
33s 15.45%
38s 15.55%
53s 16.25%

I hope this trend up in rates in the bond auction today is not the cause of NSE dip today. As fund managers attempt to lock in long term high yields by selling some shares to buy long dated bonds.


Yield on long term bonds should get to 18% by December

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Boshins: 6:33pm On Sep 11, 2023
Kebson:
You learn daily in this market, Key learning remains " Think long term always, no PERFECT entry point."

I agree....
Re: Nigerian Stock Exchange Market Pick Alerts by crownprince2017: 6:49pm On Sep 11, 2023
Pls i don't understand meritrade ooo, I sent money to their account since 2pm and even sent them the receipt but uptil now am yet recieve the money in my wallet, I have messaged them tired, no headway...
Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 6:50pm On Sep 11, 2023
emmanuelewumi:



Yield on long term bonds should get to 18% by December

If this happens, it will mute a Q4 stock rally. And may drag share prices down gradually for the rest of the year.
Re: Nigerian Stock Exchange Market Pick Alerts by crownprince2017: 6:50pm On Sep 11, 2023
Pls i don't understand meritrade ooo, I sent money to their account since 2pm and even sent them the receipt but uptil now am yet recieve the money in my wallet, I have messaged them tired, no headway...[color=#990000][/color]
Re: Nigerian Stock Exchange Market Pick Alerts by Olaide1295: 7:03pm On Sep 11, 2023
agbanimu11:
Please, I noticed there's serious pullback majorly in banking sector in today's market, could it be terrible results released by unity bank?
Could be this. FPIs want to pull out because of the forex issues from Buhari's time.

Re: Nigerian Stock Exchange Market Pick Alerts by Laso09: 8:06pm On Sep 11, 2023
crownprince2017:
Pls i don't understand meritrade ooo, I sent money to their account since 2pm and even sent them the receipt but uptil now am yet recieve the money in my wallet, I have messaged them tired, no headway...

I think you sent the money late.
Chat them up on the app tommorow, your money will be credited to your account.
Re: Nigerian Stock Exchange Market Pick Alerts by Meerahbel: 8:08pm On Sep 11, 2023
wink
leparj:


Is the naira redenomination news true?
Don't tink it's a good move o.
Ghana went that way. And it appeared not to have helped them.
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 8:15pm On Sep 11, 2023
agbanimu11:
Please, I noticed there's serious pullback majorly in banking sector in today's market, could it be terrible results released by unity bank?
Today's pullback/dumping was unexplainable so far, especially in banking sector.....
Few other sectors joined towards closing due to panic I guess......
Such moves wasn't expected around this time.....

If it's Peter's school fees mantra, then it can't activate such panic......

If it's the news about FTSE's downgrade, who are they?
Of what value or importance or relevance was their classification to the country?
I think the panic triggered by this was/is unjustifiable!
Those guys always have a mission to distabilize the economy, necessary authorities needs to step in urgently to stop their "cra.ze".

3 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Princkez: 8:26pm On Sep 11, 2023
I think this caused banks pull back...

4 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by crownprince2017: 8:29pm On Sep 11, 2023
Laso09:


I think you sent the money late.
Chat them up on the app tommorow, your money will be credited to your account.

This people are looking like a scam to me, i chatted them up, they asked for receipt which I did, the next thing is I can login again..I never new they are like this...
Re: Nigerian Stock Exchange Market Pick Alerts by sterlingD(m): 8:30pm On Sep 11, 2023
yMcy56:

Today's pullback/dumping was unexplainable so far, especially in banking sector.....
Few other sectors joined towards closing due to panic I guess......
Such moves wasn't expected around this time.....

If it's Peter's school fees mantra, then it can't activate such panic......

If it's the news about FTSE's downgrade, who are they?
I think the panic triggered by this was/is unjustifiable!
Those guys always have a mission to distabilize the economy, necessary authorities needs to step in to stop their "cra.ze".

l came across the FTSE issue on today's market review from a stock brokering firm l am still tryin to make head or tail about it.
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 8:34pm On Sep 11, 2023
sterlingD:
I came across the FTSE issue on today's market review from a stock brokering firm l am still tryin to make head or tail about it.
It's irrelevant!
So also these Fitch and the likes.....

Why will they come up with such re-classification around the time the govt was making frantic efforts to woo investors?

What does their upgrade even bring to the table in the first place?

I for one doesn't take them serious anyway, not expecting serious minded investors either.
Mr. Market has a mind of its own, it will stabilize regardless of all the theories the analysts will be coming up with.

2 Likes

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