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Nigerian Stock Exchange Market Pick Alerts - Investment (4647) - Nairaland

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Re: Nigerian Stock Exchange Market Pick Alerts by Yayira(f): 11:26am On Jun 12
stcool:


http://www.trw-stockbrokers.com/nsetoday.aspx

Thank you.. how do I get old prices.. like 2015 open and closing prices

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 11:27am On Jun 12
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy(m): 11:30am On Jun 12
Northeastern:
You people should stop masturbating over what is not. How can one rely on that garbage report from Nairametrics and conclude that that exchange rates will go up, this is a clear case of confirmation bias.

If the CBN should float the exchange rate in any shape or form, then they are trying to make quick money to cover the hole in their books. Nigeria is not where things work as it should - the factors that determine the exchange rate are beyond economics, and Emefiele, who is clearly not in charge, does not have the balls to float the naira.

You guys seem to forget that the country itself has about $25bn fx loan. Your authorities were in Newyork earlier this year to market to speak with investors on the diaspora/euro bond, what commitment do you think they'll require of the CBN? A volatile exchange rate?

There are over 4,000 BDCs in Nigeria, float the exchange rate, increase their risk of doing business, and you think they'll keep quiet? Never, not now that they are in power.

Let's be more tentative;

Does a move to allow the forces of demand and supply to determine fx market rate amount to a free floating process? ...YES.
Is the CBN looking to align with this process? ...YES.
The signs are already there. decelerating liquidity stance in the fixed income space and downward rate environment to attract inflow. Again, given the present fragile nature of the economy and 'everything surrounding it', it has less of a choice to allow for the convergence of the rates window sooner, rather than later !!

Will this have any impact on the markets. ...YES.
Depending on the market space/asset class in question, it could either be positive or negative(I already highlighted this earlier)

While no one can tell when exactly that would be, or the degree of impact it would bring, the key is to gradually position ahead of the 'feast'.
That said, I agree with u on the need for cautious optimism.
Which was why I said that the move in isolation is not enough. It has to be supplemented by some other key decision-making and there has to be some palliative measures in place to curb any possible side effect, including inflationary ones.
However, the move is a positive for the equity market space as it means a little more reduction in risk premium for the foreign participants(clarity in capital flow) and general liquidity boost from redirected initially housed fixed income excesses. ...but even then, one has to ensure they permute from amongst the right pick of coys.

If u are an "old bird" in the system, u would agree that OPPORTUNITY beckons !!
Nigeria is simply a portfolio country and once u can spot a great 'gap in the medium' to bet against/tap from it, DO IT !!
As investors, this should be our sole concern.

Salah
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy(m): 11:33am On Jun 12
lancee:





Sir the headline you posted had been deleted from Bloomberg ..REPORTERS were wrong ..All its been CORRECTED

https://www.bloomberg.com/news/articles/2019-06-12/nigeria-central-bank-quashes-talk-of-exchange-rate-policy-change

They are just living in self denial !!
Sooner or later, reality will set in.

It is well !!
Re: Nigerian Stock Exchange Market Pick Alerts by gbegemaster(m): 11:57am On Jun 12
onegentleguy:


It's sure going to be a positive for the market !!

We tried this some years back. Did it work?

It's not a bad idea to wait until dangote refinery kicks off.
Re: Nigerian Stock Exchange Market Pick Alerts by dipoolowoo: 12:18pm On Jun 12
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 12:38pm On Jun 12

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 12:44pm On Jun 12
Yayira:


Thank you.. how do I get old prices.. like 2015 open and closing prices

Not sure about that
Re: Nigerian Stock Exchange Market Pick Alerts by aremso(m): 12:45pm On Jun 12
stcool:


The first step is denial...
Start accumulating $ gradually in your portfolio.
grin grin grin

If naira is floated and you are able to get $ @ 360 and let say it floated around #600 am sure you would be happy you have made a bigger kill! But when you change the $ to naira @ 600. Will you spend the money in another economy? Remember there will be serious inflation so in the long run nothing change unless you are spending your change naira in another economy and not in Nigeria
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 12:47pm On Jun 12
aremso:


If naira is floated and you are able to get $ @ 360 and let say it floated around #600 am sure you would be happy you have made a bigger kill! But when you change the $ to naira @ 600. Will you spend the money in another economy? Remember there will be serious inflation so in the long run nothing change unless you are spending your change naira in another economy and not in Nigeria

Nigerian rich list that keep majority of their investment in $ are not stupid...Ask your VP.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 12:50pm On Jun 12
stcool:


The first step is denial...
Start accumulating $ gradually in your portfolio.
grin grin grin


For the convergence of official 305 with other rates is a good thing , but for the 360 + at he I&E window to be floated that one go cause wahala o for foreign investors
Well cbn claimed the website been fixed ..think na speculation for now

watching
Re: Nigerian Stock Exchange Market Pick Alerts by aremso(m): 12:50pm On Jun 12
stcool:


Nigerian rich list that keep majority of their investment in $ are not stupid...Ask your VP.

OK you change and you keep it for life? I don't have access to my VP but at least I can ask you. Unless your sources of income are dollars constantly. Like Intel's/atiku nothing changed in the long run

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 12:53pm On Jun 12
aremso:


OK you change and you keep it for life? I don't have access to my VP but at least I can ask you. Unless your sources of income are dollars constantly. Like Intel's/atiku nothing changed in the long run



After changing to dollars and nothing coming as intrest or investments ,,one go still change back to naira again and up and down
Let not wish for any naira going up not a good thing
I do not see this coming anytime soon ..even dangote and emeifele said this last week he/cbn will try as much as possible to avoid it
Re: Nigerian Stock Exchange Market Pick Alerts by aremso(m): 12:55pm On Jun 12
lancee:




After changing to dollars and nothing coming as intrest or investments ,,one go still change back to naira again and up and down
Let not wish for any naira going up not a good thing

My brother that is.my point but cos of ourselfishness, we wants floating of naira

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 1:12pm On Jun 12
people do not understand the effects of floating a currency. Speculators will kill the NAIRA.
aremso:


My brother that is.my point but cos of ourselfishness, we wants floating of naira

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Yayira(f): 1:19pm On Jun 12
I foresee those guys from other thread coming to tell you guys to free float your blokuses again..

Lol
Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 1:26pm On Jun 12
Yayira:
I foresee those guys from other thread coming to tell you guys to free float your blokuses again..

Lol





grin
Re: Nigerian Stock Exchange Market Pick Alerts by pluto09(m): 1:30pm On Jun 12
aremso:


If naira is floated and you are able to get $ @ 360 and let say it floated around #600 am sure you would be happy you have made a bigger kill! But when you change the $ to naira @ 600. Will you spend the money in another economy? Remember there will be serious inflation so in the long run nothing change unless you are spending your change naira in another economy and not in Nigeria


It is not about patriotism, it is being pragmatic and proactive.
If you keep all your assets in naira, you get poorer every time the naira is devalued.
Having a strong currency is not by wishful thinking, as long as we are not doing what is necessary to have a strong naira the naira will continue to weaken either we like it or not.

3 Likes 2 Shares

Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 1:46pm On Jun 12
aremso:


If naira is floated and you are able to get $ @ 360 and let say it floated around #600 am sure you would be happy you have made a bigger kill! But when you change the $ to naira @ 600. Will you spend the money in another economy? Remember there will be serious inflation so in the long run nothing change unless you are spending your change naira in another economy and not in Nigeria

stcool:


Nigerian rich list that keep majority of their investment in $ are not stupid...Ask your VP.
Remembered crude oil price drop as low as 27 per a barrel, with Nigeria supply of crude oil to international market reduced to half, due to pipe line bombing. This led to reduction of inflow of dollars to Nigeria, remember that crude oil are sold in dollar. Nigeria supply of crude oil per day has increase above 1.5 million unlike when it reduces to about 800 thousand, which ushered Nigeria into recession.

Naira was sold as high as #500 + , the major things being crude oil Nigeria export reduces in quantities, while the importation didn't reduce as such, the importers travel to other country like China with dollar to import goods, this lead to reduction of dollars, the level of dollars that moved out was higher than the one coming in, which lead to higher demand of dollar.

The purchasing power of Nigerian was reduced, because then many state government find it so difficult to pay their workers, like Osun, Zamfara, Ekiti state etc. Even to Carry on with capital project. The amount of money in circulation reduced, companies share was affected.

If the quantity of crude oil Nigeria supply to the international market remains high, with crude oil price at 60 dollar and above. Am not seen dollar moving up to #500 soon, even if it moves up to that and one happen to sell his Zenith at #20 to buy dollar at #360 and keep, and later exchanges it back at #600. That mean by them Zenith will be selling at #100 with Nigeria naira been worthless.
As naira increases price of commodity will equally increase, including share price.

I remembered when 1 liter of kerosene was sold for 30 kobo, and highest denomination them was #20. The 50 kobo note and #1 note then has high value, compared with #5, #10, and #20 note of today. So therefore as naira move up to #500 against I Dollar, other commodity will move up, the amount of gain companies makes will also move up in figure.

3 Likes 1 Share

Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 1:51pm On Jun 12
lancee:





Sir the headline you posted had been deleted from Bloomberg ..REPORTERS were wrong ..All its been CORRECTED

https://www.bloomberg.com/news/articles/2019-06-12/nigeria-central-bank-quashes-talk-of-exchange-rate-policy-change
You see? The content is different from the headline. The content does not suggest that CBN did anything special.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by OakPearl(m): 2:08pm On Jun 12
Yayira:
I foresee those guys from other thread coming to tell you guys to free float your blokuses again..

Lol

Bwahaha grin
Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 2:27pm On Jun 12
Mpeace:
You see? The content is different from the headline. The content does not suggest that CBN did anything special.



Be like say Speculators wan cause panick ..wan naira to 520 again
Emeifele has been boasting part of his achievement in bringing to naira from 520 to 360 and taking naija out of recession

Will it take it back to 520 ??
Re: Nigerian Stock Exchange Market Pick Alerts by pluto09(m): 3:23pm On Jun 12
lancee:




Be like say Speculators wan cause panick ..wan naira to 520 again
Emeifele has been boasting part of his achievement in bringing to naira from 520 to 360 and taking naija out of recession

Will it take it back to 520 ??



Emeifele did nothing to bring Nigeria out of recession.
We came out of recession because oil price recovered.
If oil price goes lower again,the naira will be devalued and we might get into recession again.
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 3:24pm On Jun 12
Yayira:
Thank you.. how do I get old prices.. like 2015 open and closing prices
Visit: www.cashcraft.com
Click on 'Research' and check relevant info needed under 'Market Analysis'. Not sure if you'll get open prices but you'll see closing prices for each trading day in 'Stock Trend Analysis' or something.

5 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 3:36pm On Jun 12
yok:
DID YOU CHECK THE MSCI PORTFOLIO MOVEMENT ON MORNINGSTAR TODAY 11 JUNE 2019
http://portfolios.morningstar.com/fund/holdings?t=NGE&region=usa&culture=en-US this is what it look like:
Wonder what their interest in Oando, Lafarge and DC is. sad
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 4:28pm On Jun 12
Mcy56:

Wonder what their interest in Oando, Lafarge and DC is. sad
Lafarge, I also have an interest
Re: Nigerian Stock Exchange Market Pick Alerts by dipoolowoo: 4:57pm On Jun 12
Re: Nigerian Stock Exchange Market Pick Alerts by maishai: 4:58pm On Jun 12
our sai buhari and sai atiku crew should come out and thresh matters arising as this will affect allof us.........There are only two sets of people devaluation would not affect badly they are the Government as they are the first spenders in the economy
secondly The big monopolies that do no import their major raw materials eg Dangote cement........Their product just becomes cheaper in the international market..........


Others just suffer and keep abusing themselves not knowing what hit them

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 6:10pm On Jun 12
In this Next Level just add $ to your investment

A word is enough for the wise... especially now that it is available and cheap!
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 6:27pm On Jun 12
...but dont we think that the currency floating will usher in mini bull?
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 6:48pm On Jun 12
Mcy56:
...but dont we think that the currency floating will usher in mini bull?
classmate, which currency floating? Just wait a bit and you would hear cbn's release of 250$ to bdc owners...
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 7:53pm On Jun 12
Mpeace:
classmate, which currency floating? Just wait a bit and you would hear cbn's release of 250$ to bdc owners...
Lol. Its well. Let's wait and see.

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