Stock Market Tips For Nigerians

Naijadr. Thanks for the reply.

How do you input data into softwares used for chart analysis eg aptistock


followed your link - very useful

I think it will take some luck to get OandO today!

Proshare News and Analysis
The Stock Market - 250208
Posted Tuesday, February 26, 2008

The NSE-All Share Index closed on an upswing, with a 60 basis points appreciation.

After several days of hold-back, investors and speculators finally unleashed the withheld shares of AIICO. At first, bids continued to surface to mop up intermittent offers, but towards the end of the trading sessions, large quantum of offers overwhelmed the available bids, to see the stock close with a modest 1.9% appreciation.

STACO enjoyed a rally, trading at maximum price for a substantial part of the session, as it bagged a 4.9% gain. Most of the other insurance stocks maintained a stable trading pattern.

Reaction to the corporate action announced by Oando was instantaneous, with bids going over the 7 million mark and as expected offers also dried up.

Chevron was also on bid throughout the session. Riding on the back of Oando's announcement, other stocks in the sector such as Mobil, Total, Conoil and Eternal oil booked maximum price appreciations and closed with unsatisfied demand.

Marginal losses were recorded across the banking sector; a reflection of investor’s attitude towards the banking sector, as the market looks towards small cap stocks in the short term.  

However, Bank PHB and Unity Bank recorded modest gains of 2.9% and 2.6% respectively.

Livestock Feeds enjoyed a 5% price hike for most part of the session until supplies brought down the price by mid session; however, unrelenting bids ensured it still booked the daily maximum price.

ABC Transport, May & Baker, DN Meyer still remain unavailable as speculators hold on in hope of further appreciation with the lingering bull-run. Renewed entries mopped up available offers for C&I leasing, finishing with a 4.8% rise, a trend that could prevail in coming sessions.

@ tkb417, nkc



@femi, d 419er poster  


Whether you guys call me an asslicker, bootlicker or tom tom licker or a 419er, I cannot and will not be bothered by your snide remarks. Afterall, this is a faceless forum.

The important thing is as long as I can make money and help other people make money too, who cares what some people think. .

I leave your matter for another day.



@ All,

Heard a strong rumour on IGI that it will be approaching the NSE floor soon to list their shares and guess what, they are still offering more units to their staffs to buy at a ridiculous discount.

Contact your nearest friend who works IGI or more info


Starcomms will be hitting the market with a PP through Stanbic IBTC (New Name)

Also heard that Stanbic intends to buy more shares of IBTC on the NSE floor. Your guess is as good as mine.

Cheers to all.

@samstone4
I bind all the forces conspiring against Yardua out of the bollinger band
and into the bottomless pit.

The only saving grace is that for some of them, people don't have the certificates yet especially those insurance companies. Imagine listing 16bn shares for a company that cannot make a PAT of N500m!!!! What a valuation!!!

By the time the capitalisation of Big Treat is more than UACN with all its Mr Biggs you know that there is a problem.

For those holding illiquid stocks and stocks without fundamentals, well enjoy your loot but I hope you understand the risk.

Part of the problems on this site this past few days is basically people making and accepting recommendations without understanding the associated risk and how to hedge against it. People also need to tally their investment style with their personal risk profile.

You can be sure that once we get to the result season, there shall be weeping and gnashing of teeth. WAPCo started it. Watch out for the others to follow. WAPCO's own will be minimal though. GTB and Flour MIlls are two stocks that I am anxiously waiting for their results vis aviz their valuation.

@femi ,

419 i mean is yur post oh, abeg oh, sori oh, am with u on yur ideas a hundred percent, hope u understand , i meant yur posts r 419 at d moment u dig

@kayodus, I used to use apti and metastock, but that was taking time, nigeriansecurities.com has a great TA tool now going back 2yrs, they started that part like end of 2007 so I stopped importing data.
That candlesticks website was posted withn the past week before by someone, and I bookmarked it, excellent site, it has proved right for all stocks on my portfolio for most part.

@bros wanajo
i placed an order for oando today. as u know, i was a bit slow on this one because i highlighted it at the end of last yr if u remember.
i sincerely hope my broker gets it but he wasnt sounding too hopeful (i bind him    ). let him earn his dosh today.

between, i cancelled that order on that insurance company. not juicy enough yet for me. in fact e sour on further reflection

I can see, you got yours in June/July 2007, so after such a length of time coupled with the news you had to bail, I got mine sometime towards ending January 2008 at 67.point something, so I'm still very cool on that one. Thanks anyway for your "prayers", will let you know what happens with it.

thanks so much, I'll get it, even got to preview the book through google books here, appears 1st 55pages of the book is on there
http://books.google.com/books?id=wEC0boS3AwMC&printsec=titlepage&dq=cnadlestick+charting+explained&source=gbs_toc_s&cad=1

As per OandO the major opportunity here is the cash flow. OML 125 is an already producing field. For the other companies, from Exploration to production can take as long as 4 to 5 years.

Also OandO boys are used to dealing with the Italians. Remember they bought AGIP and merged it with Unipetrol to form OandO. Also, they've recruited some peeps who should be able to point them in the right direction. They own some other oil blocs apart from this.

For Transcorp, they still have a long way to go!!!!

i have no idea. i guess its one of the irregularities that remains in the NSE. i know of people who have had their Dangote flour shares credited to their CSCS accounts and i have also heard of people who have gotten certificates. beats me bro.

i can only hope these irregularities are slowly corrected over time to further level the playing field.

One of thereasons why people are making money from the NSE is the unlevel playing field.And it only spells doom for all of us.Once people atrt losing confidence in the market then there will be problems.SEC needs to start acting fast.

I hope so too.Asper Oando.I've finally concluded that i've missed the flight.Even at 230 (rights issue) and 250 naira per share the PO is not cheap. It's definately for nairaland elders   .In the meantime,i shall wait for the crumbs that fall at the masters feet

looks like yar'adua remains president. abi i no get am my learned brothers (lawyers) on here.   

@AKT

Only Buhari's dismissed so far but looking like Yaradua will stay.

Still going on.
It's on AIT.
Samstone4