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New Entry Opportunities Beckon As Bears Depress Stock Prices - Business - Nairaland

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Stock Prices’ Free Fall Widens Investment Opportunities / Bears Regain Dominance As NSE Index Dips 0.02% / Bears Emerge As Index Drops By 0.3% Amid Investors’ Apathy (2) (3) (4)

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New Entry Opportunities Beckon As Bears Depress Stock Prices by Mrakeli: 3:27am On May 30, 2018
As the bears continue to ravage the stock market, depressing prices of many stocks at the nation’s equities market, investment analysts have said the low prices are presenting opportunities for investors to invest in the market.

The dominance of the bears for three consecutive weeks has driven the market to new low with the Nigerian Stock Exchange (NSE) declining below the 40,000 mark. Also, the year-to-date growth of the market has contracted to below three per cent.
The bear run has been attributed by some analysts to foreign investors who are reducing their holdings in emerging and frontier markets.

Although the development has left many domestic investors to be skeptical and confused over the potential near term upsides, analysts at Afrinvest said investors should rather take advantage of the current cheaper valuation presents.


Akelicious checks showed that the stocks of some companies that either recently declared improved financial results or are have put strategies in place to deliver good returns to investors are trading significantly lower than their opening prices.

In the banking sector, instance, Fidelity Bank Plc is trading 26 per cent lower than the price at which it opened for the year.
The bank reported a growth of 93.7 per cent in profit after tax (PAT) to N18.9 billion for the year ended December 31, 2017, up from N9.7 billion recorded in 2016.

Only last Friday, the Managing Director/Chief Executive Officer of Fidelity Bank Plc, Mr. Nnamdi Okonkwo, said the bank would take advantage of growing opportunities in the nation’s economy to deliver quality services to customer and good returns to shareholders.

“Clearly, our success in 2017 financial year has set a strong pedestal for sustained growth in revenue. We are optimistic about a favourable operating environment and we look forward to delivering decent set of numbers at the end of 2018 financial year, ” Okonkwo said.

Similarly, Union Bank of Nigeria Plc is 25.6 per cent cheaper than its price at the beginning of the year, just as Zenith Bank Plc, which delivered one of the best results in 2017, is trading just 1.7 per cent above its 2018 opening price.
The price of Dangote Flour Mills Plc, as at Monday, was 29 per cent cheaper than its year�s opening price.
Two oil stocks, that also posted improved financial performances, Double 11 Plc and Total Nigeria Plc, are trading 15 per cent and 7.8 per cent lower.

However, the insurance sector has many stocks trading between 20 per cent and 60 per cent lower. UNIC Diversified Holdings Plc is 60 per cent cheaper, Niger Insurance Plc, 52 per cent; Regency Alliance Insurance Plc, 48 per cent; Sovereign Trust Insurance Plc,46 per cent; Veritas Kapital Assurance Plc,32 per cent; Mutual Benefits Assurance Plc, 30 per cent; LASACO Assurance Plc, 24 per cent and Guinea Insurance Plc, 20 per cent among others.

http://www.akelicious.net/2018/05/new-entry-opportunities-beckon-as-bears.html

1 Like

Re: New Entry Opportunities Beckon As Bears Depress Stock Prices by Ateewologun(m): 3:45am On May 30, 2018
2nd FTC today land for sale
Stock!
Re: New Entry Opportunities Beckon As Bears Depress Stock Prices by MANNABBQGRILLS: 7:33am On May 30, 2018
Something must be done ASAP
Re: New Entry Opportunities Beckon As Bears Depress Stock Prices by MANNABBQGRILLS: 7:33am On May 30, 2018
Ateewologun:
Stock!
Wetin do stock?!

1 Like 1 Share

Re: New Entry Opportunities Beckon As Bears Depress Stock Prices by miqos02(m): 7:33am On May 30, 2018
Cool
Re: New Entry Opportunities Beckon As Bears Depress Stock Prices by Enouwem(m): 7:45am On May 30, 2018
I rather invest in crypto

5 Likes

Re: New Entry Opportunities Beckon As Bears Depress Stock Prices by Enmas078(m): 7:49am On May 30, 2018
Bearish season..... I love crypto......

2 Likes

Re: New Entry Opportunities Beckon As Bears Depress Stock Prices by czarina(f): 7:55am On May 30, 2018
Hmmmmm













Check my signature if you live in Jos and environs cool
Re: New Entry Opportunities Beckon As Bears Depress Stock Prices by abdulrazat(m): 7:59am On May 30, 2018
Home services nko?
czarina:
Hmmmmm













Check my signature if you live in Jos and environs cool
Re: New Entry Opportunities Beckon As Bears Depress Stock Prices by abdulrazat(m): 8:00am On May 30, 2018
Truth is stock is a good business but you have to be able to raise money to buy and sell at profitable periods.


Na person wey get money to leave they do stock
Re: New Entry Opportunities Beckon As Bears Depress Stock Prices by Nobody: 8:01am On May 30, 2018
grin

The only stock I know is stock fish!
Re: New Entry Opportunities Beckon As Bears Depress Stock Prices by czarina(f): 8:01am On May 30, 2018
abdulrazat:
Home services nko?
Within Jos and environs yes cool
Re: New Entry Opportunities Beckon As Bears Depress Stock Prices by javijabor: 8:44am On May 30, 2018
Buying opportunity wink
Available in Android Playstore

Re: New Entry Opportunities Beckon As Bears Depress Stock Prices by hush15: 9:08am On May 30, 2018
MANNABBQGRILLS:
Something must be done ASAP

2019 is round the corner and Buharis body language is talking. Investors are getting scare and everybody is trying to sell and nobody is willing to buy...

When Ekiti elections are done, it will send either a good signal or bad one whether market will depreciate further...
Re: New Entry Opportunities Beckon As Bears Depress Stock Prices by skales67: 11:01am On May 30, 2018
Enmas078:
Bearish season..... I love crypto......

Even crypto is not spared from bears
Re: New Entry Opportunities Beckon As Bears Depress Stock Prices by lmm4real: 11:23am On May 30, 2018
Humm I smell fidelity monkey seller. undecided
Re: New Entry Opportunities Beckon As Bears Depress Stock Prices by ChimuchiYola(f): 11:58am On May 30, 2018
Ogini du
Re: New Entry Opportunities Beckon As Bears Depress Stock Prices by Enmas078(m): 2:27pm On May 31, 2018
skales67:

Even crypto is not spared from bears


We have ups and downs in crypto....

Buy the news sell the rumor...
It is psychological

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