₦airaland Forum

ebuka1997:
Yes I guess so, they just installed it in 2016 or I guess, they just used this to test it lol
Maybe also because of the way the index is weighted, large cap stocks volatility was huge

Thanks

Ibrahim505:
There was less transaction volume and frequency to triggered the circuit breaker threshold then

Thanks

ukay2:
Yes

Thanks. That means the big caps stocks could have probably played a role for the ASI not to have had a 5% loss.

lancee:
I rem we mentioned something like that when iNYSE mkt crashed around same period ..but NSE own no triggered that time

Was the market down up to 10% that time ..Am not too sure ..oga mi R.onifa , mcy56 etc will know better

Exactly, I am not sure too.

Just wondering if those full offers then did not take the ASI to a -5% loss for the breaker to be triggered.

ebuka1997:
It’s the rule, when it’s more than 5% the circuit breaker is triggered

Okay, that means the loss at March low was not up to 10% for the circuit breaker to be triggered.

ayztech:
Or maybe the market wasn't losing up to the trigger percentage daily...

But almost all stock were on full offer then @10 percent loss. It is well!

locodemy:
You still dey buy?
No be to begin sell all of us dey wait for?

No, I am not buying. I'm just enjoying the fruit of my patience with the bull and waiting for the right price to sell as a long-term investor.

Mcy56:
God bless you Madam!
Exactly what I told the officer and he was just laughing.....
When bear wan finish people's portfolio, search engine didn't see that one....

As in enh! If not for doggedness during that month, fear wouldn't have allowed me to buy personally.

It's more of the Nigerian factor we find ourselves in. Even the system is an enemy of progress!

Mcy56:
Yes. Just confirmed from Morgan now.
That the break is from NSE for 30min.
Dem fear fear with this bull........the fund entering is just too much .....
They said we can connect back in the next 30mins. It should be for all trading houses.

What kind of unusual break are they putting in place?

Why didn't they put the break when people where losing during the Month of March ?

Why now when we are making gains after so much patients?

Princkez:
same here too

Let's hope it's restored soon!

Mcy56:
Seems Morgan iTrade disconnect from NSE engine........
Anyone not able to view trades as well??

Same here

sellydion:
Enjoy TB money
OIL gains
COVID Vaccine
Interest Rate down
Stocks Undervalue.

DangSugar on the Go

Why won't T.B enter NSE when the rate has become something else.
Imagine: NTB Auction Result for yesterday 11th November 2020
91 days - 0.0350 182 days - 0.1500 364 days - 0.3000

TraDeRR:
Hmmm weytin this AFAM do me ! Smh..
Thank you my sister..
since it went close to IPO before this acquisition we might see the high 5 naira..

I pray so o! because I am well seated inside the bus, I bought for JIJO but have changed my mind due to the full bid.

TraDeRR:
Hmmm.. I don’t even know what to say.. make I jaa ? Or still hold? Weytin Dey fuel this bull ? Most especially the one in transcop.. is it the usual Christmas and new year rally? Because that one no Dey pass February.. abeg oo any info on transcop ?

They just acquired the much talked-about AFAM power plant. Welcome madam!

UBA doesn't want to give breathing space to Access bank.
This is really a mad bull!

Thank God, at last my account with Morgan capital is no longer restricted!

jamace:
Please, in respect of KYC UPDATE, which other document can be used as utility bill apart from NEPA Bill, because I am using Prepaid meter?

If your bank account statement has the same house address you filled with your broker, it can serve as an alternative because that is what I have always used as my utility bill for all my KYC requirement.

[quote to do aauthor=Mfunkynation post=95632940]I did mine same periods... dont know if am suspended cos no cash to trade for now[/quote]You won't know whether your account is suspended or not until you are ready to do a transaction.

faoogoke:
United Capital sent email to all stock account holders saying SEC requires everyone to do KYC afresh except those who did theirs in

the past six months.

Its a general requirement.

I updated my account about 3-4 months ago

My meristem account has been resolved, it's only Morgan capital that is still suspended. Thanks.

Zagee:
How many KYC do we have to fill with Morgan? I really don't understand this nonsense directive from NSE. It's almost a quarterly thing!!!

Did Morgan capital inform you that the suspension has got to do with KYC?

I'm also having same issue with my account with meristem and they told me that it's not a problem with them.

CSCS is the one that suspended the account of some of their customers and they are waiting for a feedback from them to know the reason for the suspension.

yMcy56:
@Megawealth01 don't go and be too optimistic o.
It was said here sometimes when Air.tel was listed that the coy has smaller outstanding shares compared to MTNs.
Though MTN will still likely do well but there's the need to check the numbers here.

@Biafran4life
@Kintus mentioned up there that the suspension has to do with KYC docs. Seems the timeframe you were supposed to have updated it has elapsed.
Procastination things.

The account suspension may have nothing to do with KYC update, I updated my account then.

I called them and they said it's only a very few percent of their customers that can carry out transaction through their platform currently.

Most customers can't transact through their platform and that they are seriously working on it.

ojeysky:
Looks like something is wrong with meristem, both app and web based portal. Anyone trading via meristem?

Same here!

yMcy56:
Madam @anjilgreat,
Everything is wor.king fine.
Pls try and call Mor.gan.
That suspe.nsion may be beyond technical issues.
I don't want to quote anyone so spam.bot wouldn't b.a.n this handle too.

I've already called and was informed that they are working on it. I'll keep observing and give them a feedback. Thanks

yMcy56:
Spam.b.o.t why nah?

Market looking up........low volumes across board as at now......
Nestlé full bid
Sterli.ng doing fine so far.......
UBA is so close to Acce.ss, Access likely to increase the gap......
UBN.....looking up ......
Bids increasing.....

M.orga.n working fine from this end......

This spam bot has remembered you today, my account is still suspended with Morgan.

Have you tried to initiate a transaction?

Mcy56:
Hahaa, what's happening?
I'm logged in to Morgan iTrade since premarket time nah.

Good day madam, I'm logged in too but when I try to initiate a transaction, it gives a message that my account has been suspended.

I hope they sort it out soon

drLammy:
Please Who else is having this issues with Mytradebook
I have been unable to go through market overview and also trade since Friday

Both Morgan capital and meristem are having issues with connection.

Morgan capital is giving a feedback that my account has been suspended

Happy birthday OGG, age gracefully.

talk2tonie:
NTB Auction Result for today 28th October 2020

91 days - 0.3410
182 days - 0.5000
364 days - 0.9800

Happy investing

What!!!

Mcy56:
Much better. Thanks Ma.

Concerning the protest, you're very correct Ma, though we don't pray that it turns violent but cautious trading is adviced and more importantly, individuals should re-align with his/her investment objectives.

I heard there's 7 more days to go....today inclusive.

Thank God you are doing better madam.

We just hope for the best in our nation, it's well!

Mcy56:
Contrary to some people's expectations that prices will fall, most stocks are still holding on to their prices while some are even appreciating.
It is well.
E Ku Market o.

Welcome back madam, hope you are doing better now?

In addition to your point on share prices not falling but rising, I think investors especially the short-termers have to be cautious.

If the protest becomes more violent before the end of the week, the economy may be negatively impacted as well as the stock market.

ojesymsym:
Oga Emma, do you think the stock market will allow the bears take over in the light of these economic uncertainties?

Transatlantic, what direction is the dollar likely to go?

These are the productive discussions I was expecting us to be engaged in-The impact of the protest on the economy.

Pls house, let's not get too distracted by discussing only politics. We should also be engaged on the impact on our investment so as to make an informed decision. Thanks

Concerning your questions, I think it will have a negative impact if the protesters don't stay focused on the goals and objectives of the protest and making the right demands such as:

-better governance
-making politicians accountable
-reducing the cost of governance
-improving the economic conditions of Nigerians and creating the right environment for investors
-etc

Mcy56:
None for now cos prices have gone up already.
Maybe you hold your cash and wait for
another better opportunity.

BTW, Mcy is very strong and would be away for some times. Pls wish me well in your mind.

Also, In BBM's voice " Plan your trade and trade your plan.

Wishing you a quick recovery. it's well with you in Jesus name.