Agbalowomeri:


The rallies will be short though
And prices will still gravitate back

I agree the rallies will be short lived...
Just looking for opportunity for Short time play.

OBAGADAFFI:
Can we get GTB @ 5.65

The shareholders are not smiling at you right now.

lancee:
Uba trying to go the wy of Fbnh..mopping

All offers at 5.65, over 55M offers mopped now.....bids have shown face.....now 5.80.
Na wa oh.

dinyelutochukwu:

If you’re a long term investor, there’s no cause for alarm. Zenith is about the healthiest bank in the NSE.
If you’re short term, keep your eyes on the market, once there is a slight rebound in prices, sell-off, count your losses, and put your money in one of the sound stocks with good fundamentals.
No one saw this coming.

Do I have any other option than to be a long term investors and wait it out? I intend buying more to average down but the big question is, when do one start buying with the prices deeping lower each passing day?

Mcy56:

All offers at 5.65, over 55M offers mopped now.....bids have shown face.....now 5.80.
Na wa oh.

We see how far it will go ..Mkt calmness will help

Anyone playing this should just do it on very short term.
That UBA makes sense sha. Those that bought at 5.65 will collect their dividend on the floor, or chop dividend and still sell with some change.

Mcy56:


The shareholders are not smiling at you now.

They should cool down.

It is wealth transfer

People should still be cautious, GTB and Zee are yet to join. Let's be watching out for movement in these two. Though offers have reduced.....but still on the high side..

Currently mopping Access...

Wealth transfer...Wealth transfer...Earning seasons would soon be over and nothing left to lift prices.

That is when the real fall would come. Nobody should come and cry here.

Mcy56:
Anyone playing this should just do it on very short term.
That UBA makes sense sha. Those that bought at 5.65 will collect their dividend on the floor, or chop dividend and still sell with some change.

Pls remind me when uba is closing

Mcy56:

All offers at 5.65, over 55M offers mopped now.....bids have shown face.....now 5.80.
Na wa oh.

Dem do go beg those guys....
With huge offer...
Make dem relax small...
Who wan buy all those huge offer in the first place
Mad folks

stcool:
Wealth transfer...Wealth transfer...Earning seasons would soon be over and nothing left to lift prices.

That is when the real fall would come. Nobody should come and cry here.

Do you want to fold up NSE??

stcool:
Wealth transfer...Wealth transfer...Earning seasons would soon be over and nothing left to lift prices.

That is when the real fall would come. Nobody should come and cry here.

The Marlians will come and sing
'Ash'opotoyi'

Brent firing close to 10% gain
Dow will determine the final direction for the day

veecovee:
Pls remind me when uba is closing

This Friday, 13th is the final qualification date. To be marked down on Mon16th.

Mcy56:
People should still be cautious, GTB and Zee are yet to join. Let's be watching out for movement in these two. Though offers have reduced.....but still on the high side..

Currently mopping Access...

By the time Zee and GT join, door go close

dinyelutochukwu:
Did anyone notice that it’s mostly the banking stocks that are taking the bashing.

I selfishly pray this doesn’t go round the other sectors.

I completely agree with you on this.....best time to buy

FBNH massive mopping! 14,880,000units at 4.45

uba --div 80k
Access -div 40k..offers still plenty

NSE Adjusts Share Prices of Zenith Bank, United Capital, Others
https://businesspost.ng/economy/nse-adjusts-share-prices-of-zenith-bank-united-capital-others/

Oil Prices Move North by 9% to Near $38 Per Barrel
https://businesspost.ng/economy/oil-prices-move-north-by-9-to-near-38-per-barrel/

COVID-19 ‘Infects’ Nigerian Stocks, Leaves Market in Red
https://businesspost.ng/economy/covid-19-infects-nigerian-stocks-leaves-market-in-red/

Naira Maintains Free Fall at I&E Window, Now at N366.71/$
https://businesspost.ng/economy/naira-maintains-free-fall-at-ie-window-now-at-n366-71/

NASD Exchange Posts 2.04% Growth Amid Decline in Trading Volume
https://businesspost.ng/economy/nasd-exchange-posts-2-04-growth-amid-decline-in-trading-volume/

Sim Shagaya's Ed-tech Startup Launches uLesson Learning App
https://businesspost.ng/education/sim-shagayas-ed-tech-startup-launches-ulesson-learning-app/

AfDB Gives Nigeria $200m for First Phase Electricity Projects
https://businesspost.ng/general/afdb-gives-nigeria-200m-for-first-phase-electricity-projects/

`We seems to be all trapped...even yours truly....

My stock pick;

GTB- N15
Zenith- N10
Wapco (need more units)- N10
Caverton - N2
Sterling bank- N1
Wema bank- N0.30
Access- N4
Nestle- N700

Offers slowly reducing in GT and Zee. Fat guys don dey reason their matter small small. .........offers still on high side anyway....

Chai! I fear fear with these offers oooo.
It opens one's eyes to some set of people one is trading with. I come dey fear say, na these kind of persons I dey trade with for this market?
The 100M block unit in Zee has been removed. Chai! I go rearrange my trading for this market.

Mcy56:
Offers slowly reducing in GT and Zee. Fat guys don dey reason their matter small small.

Chai! I fear fear with these offers oooo.
It opens one's eyes to some set of people one is trading with. I come dey fear say, na these kind of persons I dey trade with for this market?
The 100M block unit in Zee has been removed. Chai! I go rearrange my trading for this market.

Don't fall for that. They are playing with offers. Adding and removing.

The fall just started sef.

So watch that space.

Make una bailout our foreign investors na
Una nor do well o Lol

PharmAlfred:
There will likely be slight reversal today on some stocks. Tomorrow, most stocks might be on bid.

Pick your stocks now. Don't come and crying tomorrow. I said this earlier today. Tomorrow, most doors will likely be closed.

RabbiDoracle:
Don't fall for that. They are playing with offers. Adding and removing.

The fall just started sef. So watch that space.

GT and Zee still have high offers, thus making it difficult for others to move.
It's well o.

Day 1 of failed reversal point. It's safer to go for the 2nd window than the first one.

I could be wrong.

PharmAlfred:


Pick your stocks now. Don't come and crying tomorrow. I said this earlier today. Tomorrow, most doors will likely be closed.

Pick ke....

Gtb has to break or reach record low (public offering price) before we look NSE

uba flooded ..hidden dumpers

Agbalowomeri:
Make una bailout our foreign investors na
Una nor do well o Lol

The volumes are excess. There is something chasing them. I will advise we hold cash more.

I learnt that there is liquidity concern after the selloff in Dow and other markets around the world.

The concern could brew into another issue in the US.

PharmAlfred:


Pick your stocks now. Don't come and crying tomorrow. I said this earlier today. Tomorrow, most doors will likely be closed.

UBA is yet to break its 2019 low. Zenith is yet to break its low.

Dangote cement as well.

More falls still possible.

The move in the US futures (rise) and world markets today is due to Trump announcing cuts in salary taxes. This is a small breather but it won't fly.

Once markets start testing 2% fall.... Then 3% fall.... Then 5% fall.... Then 7% fall.... The next one will be scattering.

rebekah2011:
It is because the Coronavirus has now made Zenith Bank a candidate of N13. Zenith Bank is never a stock of N13. if we get to buy at this price, we will look for money and buy. if it gets to N10, we will buy more. We are not going to panic because NSE is losing points. Congratulations to those who are loaded in cash.

It didn't take long to get to N13.