Nigerian Stock Exchange (NSE) Updates?

What's happening on the Nigerian Stock Exchange right now, including daily bid and ask positions. Thanks.

please keep us posted on the staco runs abeg

NSE is a fraud!

Please culd someone also explain how to quote someone else's comment a s i tried to do this and couldn't get it earlier. Would appreciate this @seun and all.

 

Can people actually trust the stock bonds hold by Nigerian firms? Or are they just like a gamble.

hi fellow nairalanders,

please, how do i know the actual prices my shares were bought on the floor of the stock exchange? apart from wht was quoted in my contract note.

like wht somebody said sometime ago, that contract note na paper and biro, that is, it can be altered.


i became suspicious because of happened, i monitor the daily prices of shares, so the differences between the price at my shares were bought and wht was quoted on the floor that day was much.

we all know that some brokers can be very funny.

please help me

can someone please give me the website for cscs .I need some information about them.Thanks.

Wow! so the contract note is manually written in ink.  Then you can't really know exactly the purchase price. What's on the contract is it! We use a so called "trusted" broker, but,

hi fellow nairalanders,
Please can someone tell when will Airserve stabilise again, i mean find a support level because be like say Fear grip me its persistent downfall in daily prices since its Fullyear 2007 result announced.
And do you Anything good is forthcoming in their coming AGM.(issue like Bonus and Divd).i know it will be stupid of the management if nothing is offer to boost the confidence of Shareholders.because i thought that 5k interim divident is stupid to say thank you their owners.
or do they want us to pass a vote of no confidence on them?From fact that they don't meet projected PAT,should be a shame !
Lastly their loving landers.WHAT PRICE SOMEBODY FOR AIICO IN THE COMING WEEK?
Thanks.Await good analyser's reply.

You need to "dematerialise" your paper certificate so that it can be reflected on your CSCS.   If you have a stock broker, they may assist you with this.  Please note IT IS A THANKLESS job, so if your broker demand a fee for this it is not unreasonable. 

Often your broker will have to go to the registrar involved many times before it can be done.  If however you have the time you can easily do it yourself.  But let me point out, IT IS A PAINFUL JOB.

On the second part of your question, I think you want online access to your CSCS.  This you have to pay a fee to CSCS for a yearly access.  It is a small fee under N5k

Why We Need to Bite Back at the Big Banks


These days, being angry with the government, or any other thing, is very easy. There is too much frustration in the air because nothing works; and it has become so easy to transfer the layers of aggression to anything or anyone that crosses your path. Every innocuous statement bears malicious undertones to a frustrated man.
But when you consciously decide to keep your cool while heads are flying around you, something unexpected may happen that’ll definitely drive you up the wall no matter how controlled you think you are. Your rage becomes so grave when this fury is fuelled by banks, which, traditionally, you’d expect to inspire deep trust in people.
Take First Bank of Nigeria Plc. Its Public Offer and Rights Issue of May to July, 2007 was over-subscribed. First Bank received more money for the offer by 752.4% and the rights issue by 147.16%.
According to the bank, those whose applications were rejected were allotted between 5.35% and 74% as regards the offer for subscription. For those who applied for the rights issue, those who were not allotted in full got between 2.18% and 10% of their total applications. I guess there must be some formulae to how that is done.
However, here is where the problem, and the source of anger, is: First Bank announced that moneys paid for shares not allotted will be returned with 5% interest. But why? In the bank’s prospectus for the offer, it said the moneys would be retained in separate interest yielding accounts by the receiving banks pending allotment the investors expected and that the moneys will be lodged in those accounts at the prevailing market rate, which was then 12% per annum.
So where did the 5% come from? Who will cover the 7%?
I know that many people, including my uncle who put in N3.5m in the deal, financed his application with a loan. I can’t blame him when First Bank had given the impression that this was a deal no one in their senses should miss. Imagine a guy who got a loan. His loan would have been yielding interest since May 2007, at nothing less than the market price of 12%! As we know, the lending rate will be higher than that.
Now, some aggrieved subscribers have taken First Bank and all its receiving houses as well as the Securities and Exchange Commission to court.
Last month, the Federal High Court, Abuja approved that this group could prosecute the case as a class action suit. That, in effect, implies that all of them will have to confront First Bank as one.
Beyond that, though, we need to make a loud statement about the improper way of business in the organised private sector, especially when the focus is on shares. And there are so many banks in this mess that I don’t want to start listing them. It’s just that some brave people have summoned courage to stand up to one of them.
This is not the first time that this will be happening but no one, not even the regulating bodies, are saying anything substantial about it. For instance, in this case, what has the SEC done? What’s the CBN doing? Everyone, after being cajoled to invest in the economy, is being left on his own.
But it’s most painful for those who got loans to buy the shares. We can only hope that the courts will serve them well. If not, the profits they make from the shares they were allotted may not cover their debts.
That’s why, again, we need to remember that privatisation without regulation is slavery. And we need to be careful before these powerful corporations sell us off for the second time.

is the stock market back yet, i don loose too much, or please is there another alternative

Sorry, Info is not available for you,

So much for stocks.

Please can anyone advice on which sector that is immuned from the Bearish trend