Stock Market Tips For Nigerians

Another tip is to avoid the "pump-and-dump" scheme.  This is where someone/a group of people "pump" up the value of a stock by talking about how great it is.  Then once the price goes up to a level they deem high enough, they "dump" the stock by selling it off for big time gains.  By the time an unsuspecting investor catches wind, the stock would hv plunged below what they paid for it and this is normally followed by the "e pa mi o!" type lamentations.

In general, buy and keep stock for the long-run.  Don't try to be like the Joneses and expect massive returns overnight.

Just thought I should add this to the mix 

Hey Guys, the stock on board now is the oceanic vintage fund.its a unit trust fund whereby investors pull their fund together to invest in viable stocks in market. its selling at 1.00 per unit, but the minimum you will invest is 50000units, that is 50000 naira.

Guys you can't afford to miss this,offer closes on wednesday being the 20th of december 2006.

Note: its selling at 1.00 per unit and it cannot fall below that 1.00.so you have an advantage of buying now its still on IPO,because when the offer closes i bet you will never get it at 1.00 again.

please guide your future and your childrens future now, go to any oceanic bank branch to get a form.

or call me with this line  08036007632.

THINK BANKING, , THINK OCEANIC

BANK OF THE YEAR 2006

@ LoverBwoy

Advantages -
Security market dealing on stocks and shares are carried out on the floor of The Nigerian Stock Exchange and it is only the Dealing Members (Stockbrokers) of the NSE that are authorised to do so.

There are lots of benefits due to shareholders for buying shares:

1. Capital gains as market prices of the shares increase.
2. Dividend that is part of company's profit.
3. Bonus issues which are paid from company's reserve to existing shareholders.
4. Use of share certificate or CSSC statement as collateral for obtaining loan from banks.
5. Right to attend meeting of shareholders and participate in the deliberation as voting members.

Here you can get all the lists of stockbrokers and there websites. http://www./Banking_and_Finance/Stockbrokers.html

Cheers !!

Thank you

Do you have any idea how much it is to open an account with them,
I've searched their websites and emailed them but still no info

thanks

thanks @ ibkn 

One fundamental stock buying tip is to never have more than ten stock in your portfolio as a rule of thumb.

Good job cuppcake. I think shld mention though that the 1st thing has not being mentioned by anyone-Form your investing philosopy i.e. You want 2 be a Buffet-egg nest 4 future good 4 people with cash 2 spare/George Sorros-one of d few 2 ever make a billion/dy trading (quick returns,following prices) 2. Get a broker-try av one that can call you back & explain to you their service knowing u are a small individual investor (rem Loverbwoy & IBTC-smaller less reputable may do worse)   

I pray soon our 187 broking firms wil be giving us net-connected real time platforms where we can buy & sell(they r stil entitled 2 their commisions but u av control over price)

Hello all,

Does anyone knows how long it take for investors to get their share certificates if one buys an IPO e.g the recently concluded DSR and the ongoing Transcorp.

I ask this question because I've read in some newspapers where some investors complain of not getting their share certificates months after the IPO is over. Which means u can't sell if u intend hold for short term.

What's the typical time frame?

Regards

can someone help me out. i bought the last zenith ipo and i would like to know if dividends have being paid. also is the share worth keeping as it has failed to double it size its almost a year now. thanks

thanks u didn't answer my question has dividends been paid?

about time this topic came up.
thumbs up  to all contributers. i am  more than empowered already.
Keep 'em coming.

Nevermind about the links, i got the ones from the first page.

tjwealthy

Explain your statements

Thnks for the link, checking them out now.

If ECOWAS did have a unified exchange that would be soe C R A Z Y!  I am learning about the exchanges here in the US learning their history and it's very interesting.

I will definately want get on the Nigerian Exchange also.  Wonderful days we in Afrikans!

@Loverbwoy

There is already a regional stock exchange for Francophone West African countries that use the CFA currency like Mali,Senegal,Ivory Coast e.t.c in Abidjan called the BRVM

Here is the link in English Language-http://www.brvm.org/en/index.htm