GSK

Who came to the market with 2trillion? See volume even with all the red!!

The market has never behaved differently rather it's the investors/traders.
Market has just two movement up or down anytime you come in or leaving you always meet or leave it in one of the positions
So no surprise to what is happening today. It 's normal.

Thanks a lot. Very kind of you

Mcy56:

JIJO - Jump In Jump Out
This involves buying a stock at lower price and sell higher within short time, which could be within a day self.........and the short time in my own view is within a day to 3......depending...
Loco is the oga for JIJO here. He may have better answer.

F. u. g. a. z : Acronym for 1st tier banks.....
First Bank UBA GTB Access Zenith

Hope I don't get banned for this.

Zagee:
Who came to the market with 2trillion? See volume even with all the red!!

Volumes still much amidst the red.......
Dangsugar moved up to 22.......
Wapco up with 35kobo......
Zenith moving up small small.....
Also some other ones.....
Bull doesn't seems done yet.......
Next week will give more direction.....
Enjoy your weekend.

Whatever you are doing, don't sell your cement (WAPCO).

Cement price is on the increase in the market.

Lol. People panicked and sold Zee at N25.4.

http://www.nse.com.ng/Financial_NewsDocs/31896_TRANSNATIONAL_CORPORATION_OF_NIGERIA_PLC%20TRANSCORP_SAC.pdf

Lion123:
Lol. People panicked and sold Zee at N25.4.

Not that easy to manage that panic Decided to leave the remaining ones i have ..Lets see it it will move higher next week

32 is possible if bull continues ..when ..i don" t know

http://www.nse.com.ng/Financial_NewsDocs/31897_GUARANTY_TRUST_BANK_PLC%20_NOTICES_OF_COURT_ORDER_MEETI.pdf

A good day. But certainly in a long run. Happy weekend all

dharpzee:
http://www.nse.com.ng/Financial_NewsDocs/31896_TRANSNATIONAL_CORPORATION_OF_NIGERIA_PLC%20TRANSCORP_SAC.pdf

dharpzee:
http://www.nse.com.ng/Financial_NewsDocs/31896_TRANSNATIONAL_CORPORATION_OF_NIGERIA_PLC%20TRANSCORP_SAC.pdf

GOD I thank you oooooo... I still have some left

Meaning What?

shrink007:
GSK

In accordance with the Scheme, the 29,431,179,224 ordinary shares of 50 Kobo each in the issued and
paid-up share capital of the Bank held by the shareholders be and are hereby transferred to[b] Guaranty
Trust Holding Company Plc (the Holdco) in exchange for the allotment of 29,431,179,224 ordinary
shares of 50 Kobo each in the share capital of the Holdco[/b] to the shareholders in the same proportion to
their shareholding in the Bank credited as fully paid without any further act or deed;

The pharma sector looked resilient today. Almost all were green even in the midst of red. May be they are up to something good.

Expect more from tier 1 banks especially FBNH. There seems to be a huge interest here.

dharpzee:
http://www.nse.com.ng/Financial_NewsDocs/31896_TRANSNATIONAL_CORPORATION_OF_NIGERIA_PLC%20TRANSCORP_SAC.pdf

This is another milestone for Transcorp.
In my layman's understanding, Transcorp is positioned for more goodies in near future with more vibrant and efficient management in place.
We keep watching this space.

Btw, the resilience of JAPAUL today was surprising. Refused to fall but still did +10% to close at 33kobo, funny stock.
So also Chams........closed at day's high....28kobo. ........just observation.

PharmAlfred:
Expect more from tier 1 banks especially FBNH. There seems to be a huge interest here.

You can always count on the Elephant. It is big, strong and reliable

Agbalowomeri:
Everything is written in the charts
It is healthy, otherwise we don enter ololo

The charts are good. However, the 2-week RSI (Relative Strength Index) of the NSE has risen above 96 as at yesterday, technically indicating "engine overheating" - since RSI of 70 is the nominal sell signal for Technical Traders.

Nonetheless, there are reasons to believe this bull trend is not yet over:
1. For any bull trend to be sustainable, there must be some intermittent pullbacks. Today is likely one of them.
2. Uncharacteristically, the current bull is not majorly due to influx of FPIs (Foreign Portfolio Investors), but mainly from local corporates (e.g. PFAs) and diversions from govt securities (e.g. TBs) due to crash in discount rates.
3. Every sustained bull trend draws in some "curious onlookers" who catch the hype and also rush in. For our current bull trend, this is just starting.
4. Whereas some poorly performing tickers have also gained from the bull, some fundamentally sound names are still clearly underpriced, with quite some steam in reserve e.g. Zenith Bank, with estimated year end total dividend circa N2.80, is trading at a clear discount. In fact, if Zenith hits N40 per share, it would still have a dividend yield of 7%, far above all money market investments.
5. etc

IN CONCLUSION:
A. Medium to long-term investors should not be worried, as long as they are holding fundamentally sound stocks. However, if the bull becomes sustained, you may choose to gradually take partial profit, with the aim of later re-entering at lower price.
B. For short-termers/ speculators/JIJO-ists, you MUST keep wide awake. Keep tracking these indicators for your portfolio, and quickly move out/in as requisite:
-- Moving averages.
-- MACD (Moving Average Convergence Divergence).
-- RSI (Relative Strength Index)
-- OBV (On-Balance Volume).

Yes ..I think it caused fright..
Some folks headed for the exit..lol

Mcy56:

Lol. Too many activities within the period......
I think what happened today has to do with the circuit breaker of yesterday.

OakPearl:
Whatever you are doing, don't sell your cement (WAPCO).

Cement price is on the increase in the market.

We are looking to buy for a small project. We cant even find it anywhere for now.

S007:


We are looking to buy. We cant even find it anywhere for now.

It's supposed to dey compete with BUA by now... It will within First quarter of 2021

GTBank Shareholders to Meet December 4 for Shares Transfer to GT Holdco
https://businesspost.ng/economy/gtbank-shareholders-to-meet-december-4-for-transfer-of-shares-to-gt-holdco/

Access Bank Makes Move to Unfreeze Accounts of #EndSARS Protesters
https://businesspost.ng/banking/access-bank-makes-move-to-unfreeze-accounts-of-endsars-protesters/

Transcorp Ends OPL 281 Disputes With Efora, to Pay $5.5m
https://businesspost.ng/economy/transcorp-ends-opl-281-disputes-with-efora-to-pay-5-5m/

It’d be Shameful for Nigeria to Witness Another Recession—Reps
https://businesspost.ng/economy/itd-be-shameful-for-nigeria-to-witness-another-recession-reps/

Kwara to Stop Pension Packages for Saraki, Others
https://businesspost.ng/general/kwara-to-stop-pension-packages-for-saraki-others/

Nigerians Groan as Petrol Depot Price Rises 5%
https://businesspost.ng/economy/nigerians-groan-as-petrol-depot-price-rises-5/

Naira Woes Continues, Crashes to N468/$1 at Black Market
https://businesspost.ng/economy/naira-woes-continues-crashes-to-n468-1-at-black-market/

Mcy56:

Today's own is better, prices didn't fall as such yesterday.
Imagine Zenith at 25.55, then did 27.80 again.
Dangcem 180 something, move back to 199, then going down to pick more jijoists again.

If they sold at yesterday's highs and bought today's lows, they'd be better off.

The bulls will likely continue next week

With all the structuring and subsidiaries, Transcorp may end up like OandO.

Harvestock01:
With all the structuring and subsidiaries, Transcorp may end up like OandO.

It already did... It's now gaining MOMENTUM

Stocks with new 52 week highs
Japaul #0.33k
Fidson #5.98k
Honeywell #1.28k
Airtel #489.90k.
Mutual benefit #0.26k
Wapic #0.52k
Custodian #6.50k
Dangote sugar #22.20k
Oando #4.00k
BUA #52.00k
Lafarge #24.10k
Neimeth #2.67k

Please can you explain this in details

locodemy:


Tell him or her to get 4G Hotspot/4G sim card ready. Network is the only challenge in Jijo

If he has up to 20m,he or she can go for penny stocks of BTW #1 to #2.While he uses 15m to bid,he uses 5m to sell and take off the bid to allow the stock roll back for another entry.

He can as well partner with group to make the Jijo sweeter because big money is involved.

Please how do I participate in.

locodemy:


Our Jijo time is coming not now.
Market is taking another balance for next week rally.

Which stock brokers can I join and operate online please.

Kelvinhunta:
Which stock brokers can I join and operate online please.

I operate with Morgan Capital Securities and a lot of folks here do too