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Stats: 1,963,423 members, 4,093,047 topics. Date: Monday, 19 February 2018 at 09:13 PM
|Investors Lose N370 Billion, Highest Dip In Five Months by Okwyla: 6:35am On Feb 14|
Stock market investors’ yesterday lost a whooping N370billion, as the reign of the bears continued unabated on the trading floor of the Nigerian Stock Exchange (NSE).
This highest loss in five months was due to price losses suffered by virtually all the blue chip companies, as profit raking was sustained across major sectors at the end of yesterday’s transactions.
Specifically, market capitalisation of the NSE depreciated by N370billion or 2.5 per cent from N15.337trillion recorded when the market reopened for the week on Monday to N14.967trillion.Similarly, the All-share index dipped by 2.4 per cent or 1,029.74 points to 41,708.15 from 42,737.89 achieved on Monday.Analysts at Cordros Capital however argued that equities outlook for 2018 remains positive despite selloff from investors.“Our theme on equities remains positive, despite broad selloffs, as declining prices suggest potential bargain hunting with investors positioning ahead of Q4-17 earnings season.”
Also, the Chief Research Officer, InvestData Consulting, Ambrose Omordion, said: “The relatively low price attraction has boosted positioning ahead earnings declaration, while supporting high possibility of rebound today in the midst of volatility and portfolio reshuffling as buying pressure is looking up again.
“But investors should value stocks as today trading confirm direction. However, we would like to reiterate that investors should go for equities with intrinsic value, especially during this season that dividend payment is approaching.
“We advise investors to allow numbers guide their decisions while repositioning for the rest of the year’s trading activities, especially now that stock prices remain volatile amidst improving company, economic and market fundamentals.
“It is time to combine fundamentals and technical tools to take decision by knowing the support and resistant level to reposition or exit any position. Market is in phases; know the cycles in order to manage your trading and investing risk,” he advised
Further breakdown of yesterday’s trading showed that 40 stocks constituted the losers’ chart led by Nestle with 40.00 kobo to close at N1320 per share, while Dangote Cement followed with 13.30 kobo to close at N258.70 per share.Nigerian Breweries trailed with 5.20 to close at N127.80 per share. Guinness lost 5.00 kobo to close at N105.00 per share. International Breweries also depreciated by 2.50 kobo to close at N57.50 per share.
On the other hand, WAPCO topped the gainers’ chart with 1.00 kobo to close at N51.00 per share. Zenith Bank followed with 0.60 kobo to close at N30.00 per share. Berger garnered 0.45 kobo to close at N9.45 per share. Access Bank gained 0.45 kobo to close at N12.00 per share. Dangote Cement also appreciated by 0.30 kobo to close at N21.00 per share.
Meanwhile, the value of transactions at the stock market surged 1,295 per cent on Monday, following a huge investment made in Dangote Cement Plc.
Specifically, investors committed N127.933billion on 752.113 million shares in 3,576 deals, up from N9.173billion invested in 425.245 million shares in 4,104 deals last Friday.
Dangote Cement accounted for 96 per cent of the transaction value as investors invested N124billion on about 551 million shares of the cement firm.It was gathered that Meristem Securities Limited, which had last August facilitated N87.4billion investment in Dangote Cement was responsible for the N124billion venture.
Although the stockbroking firm refused to comment on the transaction, market operators said an existing foreign shareholder in Dangote Cement might have increased its holding through the new investment.
|Re: Investors Lose N370 Billion, Highest Dip In Five Months by Sansa143(f): 6:36am On Feb 14|
|Re: Investors Lose N370 Billion, Highest Dip In Five Months by modelmike7(m): 6:37am On Feb 14|
WOW! That is Massive!
2 Likes 2 Shares
|Re: Investors Lose N370 Billion, Highest Dip In Five Months by Ghnaija(m): 7:39am On Feb 14|
|Re: Investors Lose N370 Billion, Highest Dip In Five Months by crestedaguiyi: 7:40am On Feb 14|
people have started pulling out their investment even before the elections.
hope you guys will stop making senseless comments now on
|Re: Investors Lose N370 Billion, Highest Dip In Five Months by 12submarine(m): 7:41am On Feb 14|
crestedaguiyi:That is it.
|Re: Investors Lose N370 Billion, Highest Dip In Five Months by wakaman: 7:42am On Feb 14|
As the market dictates.
The Bears are on a romp.
|Re: Investors Lose N370 Billion, Highest Dip In Five Months by seguno2: 7:42am On Feb 14|
Everything that the dullard touches turns into dust.
Buhari is a monumental error of gargantuan proportions that must be corrected in 2019.
And the people of the Lord said a loud Amen.
14 Likes 2 Shares
|Re: Investors Lose N370 Billion, Highest Dip In Five Months by ideologies(m): 7:43am On Feb 14|
Same in cryptosystem
|Re: Investors Lose N370 Billion, Highest Dip In Five Months by maxiuc(m): 7:44am On Feb 14|
Everything he touch surely dies
Thunder fire daura
|Re: Investors Lose N370 Billion, Highest Dip In Five Months by sincere22k(m): 7:44am On Feb 14|
Tomorrow one clown go shout " crypto is for gamblers " just because of volatility
|Re: Investors Lose N370 Billion, Highest Dip In Five Months by Felixalex(m): 7:45am On Feb 14|
That's why one guy said he doesn't invest, that he'd rather be a fool and enjoy his money than to be wise (by investing) and loosing his money.... He sounded stupid to me, still does sound stupid...
But when he sees news like this, I can imagine him saying "Na una sabi!"
|Re: Investors Lose N370 Billion, Highest Dip In Five Months by salvation101(f): 7:47am On Feb 14|
Investors dat were greedy nd refused to take profit.. Nothing goes up for ever.. Sometimes the bulls are in control and sometimes the bears are nd currently, the bears are
3 Likes 1 Share
|Re: Investors Lose N370 Billion, Highest Dip In Five Months by Nukilia: 7:54am On Feb 14|
Don't mind the globalists fooling people all over the world with fraudulent stock exchange
|Re: Investors Lose N370 Billion, Highest Dip In Five Months by kolomax(m): 8:10am On Feb 14|
seguno2:if you take your time to research about this or listen to foreign news you will know that this is global not only Nigeria.
5 Likes 1 Share
|Re: Investors Lose N370 Billion, Highest Dip In Five Months by Xisnin(m): 8:16am On Feb 14|
sincere22k:Yes, crypto is for gamblers.
|Re: Investors Lose N370 Billion, Highest Dip In Five Months by Esseite: 8:19am On Feb 14|
With all these bad news flying about, are you sure the next generation would be attracted to stock investment? When the youths are very skeptical about it.
|Re: Investors Lose N370 Billion, Highest Dip In Five Months by hardwerk: 8:43am On Feb 14|
Xisnin:you is precisely I'll daeg
|Re: Investors Lose N370 Billion, Highest Dip In Five Months by hardwerk: 8:43am On Feb 14|
Xisnin:you is precisely I'll dawg
|Re: Investors Lose N370 Billion, Highest Dip In Five Months by chinedu234: 9:09am On Feb 14|
Economic growth and development is normally driven by the foundation of the ability to achieve food,clothing and shelter. The sophistication of these achievements in the sense of qualities of food,clothing and shelter are directly related to the bears or bulls taking over the stock market. We must realize that it after consumption that savings and by extension investment can occur. The general question here is how far are you as a Nigerian currently meeting up with your basic consumption NEEDS? This is also where the performance of governments come in.
|Re: Investors Lose N370 Billion, Highest Dip In Five Months by jnfoage: 9:56am On Feb 14|
|Re: Investors Lose N370 Billion, Highest Dip In Five Months by efficiencie(m): 10:04am On Feb 14|
Reality check! Consumption boosts aggregate demand which in turn bids up the performance of firms and thus raises the share price while savings may not always become real investments as savings could be for further consumption in the future, as a hedge against precautionary circumstances and for speculative activity with little or no economic bearing on the stock exchange!
Macro theory is terribly simplistic and often unreliable particularly when it does not account for the peculiarities of the economy it theorizes about!
|Re: Investors Lose N370 Billion, Highest Dip In Five Months by seguno2: 10:38am On Feb 14|
The world where you have 24/7 electricity as promised by Buhari and APC or the shittyhole Africa
Why do you find it difficult to accept that Buhari is a total failure?
Buhari is a monumental error of gargantuan proportions that must be corrected in 2019!
|Re: Investors Lose N370 Billion, Highest Dip In Five Months by seguno2: 10:45am On Feb 14|
How does Buhari staying four months in London for medical tourism every now and then result in consumption locally in order to boost demand?
Instead of leading to savings locally, Buhari has been a leakage, massive haemorrhage in our economy hence the recession despite so much higher budget since 2015!
There should be no doubt that Buhari is a monumental error of gargantuan proportions that must be corrected in 2019!!!
|Re: Investors Lose N370 Billion, Highest Dip In Five Months by salesforce: 11:46am On Feb 14|
|Re: Investors Lose N370 Billion, Highest Dip In Five Months by yinka2011: 12:42pm On Feb 14|
|Re: Investors Lose N370 Billion, Highest Dip In Five Months by efficiencie(m): 2:35pm On Feb 14|
Well sir! If you are an economist, and I suspect you are not, you will know that if the leakages that have been in place prior to Buhari were maintained while the country was in a recession you will not be typing on nairaland right now. The reason leakages were monumental prior to Buhari but you and I did not feel its impact was because of the soaring crude oil prices which was consistently above $100 per barrel between 2010 and 2015 (go check energy data for details). However with the crashing of the oil prices, the fragility of the Nigerian economy was exposed and of course the rants began.
The Nigerian economy has taught me a big lesson about Nigeria. Most Nigerians do not see a problem as a problem until it becomes their personal problem . When politicians upgraded their heist from billions of naira to millions of dollars Nigerians were happy and having fun because the surplus revenue from oil exports kept money in the pockets of Nigerians even though the country was being raped by a few people but when oil prices crashed and there was no longer money in the pockets of Nigerians they started looking for the fall guy - who unfortunately is the president. Even if GOD is the current president Nigerians will still CRITICIZE and ABUSE Him irrespective of what HE is doing to fix the problems of the country .
Personally Buhari is not leading to my satisfaction but he is by far better than the buffonish predecessor who watched the country bleed dry in the name of being a gentleman. Now the buffon's wife is begging for out of court settlement with EFCC after she has clearly been exposed...but Nigerians will not say anything to that effect because they just want money in their pockets.
Most Nigerians will vote in the Devil just so they can have money in their pockets...If Buhari begin share money give them na them go shut up!
|Re: Investors Lose N370 Billion, Highest Dip In Five Months by stevecantrell: 3:45pm On Feb 14|
play the market
Dont let the market play you.
|Re: Investors Lose N370 Billion, Highest Dip In Five Months by seguno2: 3:49pm On Feb 14|
Oil prices started dropping in 2013 when governors put pressure for sharing the Excess Crude Account held in trust by the federal administration on behalf of the three arms of government- local, state and federal.
Why did Buhari campaign that he will fix oil prices if the prices were not already dropping then
There is worse looting going on under Buhari with his own personal involvement.
Buhari is a monumental error of gargantuan proportions that must be corrected in 2019!!!
|Re: Investors Lose N370 Billion, Highest Dip In Five Months by kolomax(m): 9:23pm On Feb 14|
seguno2:just bringout a link coupled with video to back up your claims or forever remain silent
|Re: Investors Lose N370 Billion, Highest Dip In Five Months by efficiencie(m): 9:30am On Feb 17|
That oil prices started dropping in 2013 does not rule out the verifiable fact that oil prices remained above $100 per barrel under GEJ's regime. What did you say was being shared? Excess crude account contains revenue that the benchmark price of crude oil in the budget did not account for. For clarification sake, if the budget assumes $75 per barrel then on every barrel sold $75 goes to the federation's account while $15 goes to the excess crude account if the market ruling price is $100. Now sir you said governors were putting pressure on the president to share $15 what happened to the about 70% the $75 which is statutorily allocated to the federal government? What did GEJ do with that money? His women, Diezani and Patience, were using the money to flex while you were on nairaland defending them, right? Buhari never campaigned that he will fix oil prices. No one fixes oil prices. What Buhari campaigned about was that he would boost non-oil GDP and he is doing that. Buhari got into power to meet an empty treasury and a huge pile of debts. You say the expenses of Buhari is a waste where was your mouth when Diezani was flying charter planes? Where was your mouth when Dame Patience was pilfering millions of dollars? What did your GEJ do with the billions of dollars that accrued to his regime? Did Bayelse his home town ever improve? Did GEJ start the Ogoni clean up which the Niger Delta people clamored for repeatedly under GEJ regime? Did GEJ's Youwin nonsense get to most Nigerians like Npower did? Did GEJ raise power generated, transmitted and distributed to at least 10 gigawatts despite the flowing oil money?
Sentiment is the blindfold on reason...Buhari in 3 years, as bad as it is, is by far better than 16 years of PDP rule! PDP enriched a few with Nigeria's oil money and I am sure you are not among that few!
|Re: Investors Lose N370 Billion, Highest Dip In Five Months by RealityShot: 6:41pm On Feb 17|
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