₦airaland Forum

currentprice:
@purity2all:



here is what bedsheet is voicing...

Dangote Sugar,
NB
Transcorp
Maybaker
FCMB
Cornerstone

chimex38:
You misunderstood me.
Thats not what I mean.

I Mean minimum step(ticker size) are steps in which investors can place their orders that are acceptable by the exchange. Otherwise such buy/sell order won't go through.


Currently, stocks below ₦5 usually have a minimum step(tickersize) of ₦0.01(1kobo) and still do with the new rule..

While Stocks above from ₦5 (for a minimum of 6months) and upto and including ₦99 currently have a ticker increment or decrease by ₦0.05(5kobo) on the offer and Bid table.

From ₦100 and above stocks currently have minimum step of ₦0.1(10kobo).

Using UCAP as an example,
UCAP closed at 17.95.
As per currently qualifying rule(₦0.05; 5kobo), it's Bid/offer table would look like this:

1)17.50
2)17.55
3)17.60
4)17.65
5)17.70
6)17.75
7)17.80
17.85
9)17.90
0)17.95
1)18.00
2)18.05
3)18.10
4)18.15
5)18.20
6)18.25
7)18.30
18.35
9)18.40

Notice Each minimum step increases/decreases by 0.05

increment step- for Top10:
17.95----->18.40
Decrement step-Top10:
17.5--->17.95

NEW RULE
UCAP(0.01;10kobo)
1)17.86
2)17.87
3)17.88
4)17.89
5)17.90
6)17.91
7)17.92
17.93
9)17.94
0)17.95
1)17.96
2)17.97
3)17.98
4)17.99
5)18.00
6)18.01
7)18.02
18.03
9)18.04

New rule, Notice Each minimum step increases/decreases by 0.01(1kobo)

increment step-Top10:
17.95----->18.04
Decrement step-Top10:
17.86----->17.95


Furthermore, Stocks above ₦100 till ₦499 which has been operating with 10kobo step have now been reduced drastically to 1kobo step.
Stocks like GTCO, NASCON, HBM, etc will feel it the most..
They've all been relegated from a premium tiered stock operating at 10kobo to the lowest tier stocks now operating at 1kobo..
All thanks to inflation and currency devaluation.




If GTCO closed at 128.5
Current rule
It's bid/offer table would be like:
.......
......
.....
....
1)128.1
2)128.2
3)128.3
4)128.4
[b128.5[/b]
4)128.6
5)128.7
6)128.8
7)128.9
129
.......
.......

Notice Each bid/offer table increases/decreases by 0.1.

Top 5 minimum increment from closing price:
128.5--->129
Top 5 minimum decrease from closing price:
128.5----->128.1


Accordingly, You can't place a bid/offer of 128.22,128.24, 128.25, 128.29,128.43, etc..
It won't even register on the exchange table.



NEW RULE SAYS NO MORE
0.05❌ for stocks between ₦5 and ₦99(including 99) as well as NO MORE
0.1❌ for stocks from ₦100 and ₦499(including 499)
It's now down to 0.01✅

GTCO bid/offer table now becomes
..........
.....
.....
1)128.45
2)128.46
3)128.47
4)128.48
5)128.49
6)128.5
7)128.51
128.52
9)128.53
10)128.54
11)128.55

Notice Each bid/offer table now increases/decreases by 0.01.(that's the minimum step)

From the closing price,
Top 5 increments that can be placed on the exchange above will now range from 128.5----->128.55.
Bottom 5 becomes
128.5----->128.45
If implemented, one can now place a bid of 128.22,128.24, 128.43, etc on GTCO .. Which was not previously possible.


Thats why I said it will create a sluggish upside/downside movement depending on stock trajectory especially for those between ₦100-₦499.

stocks from 500-999 equally now have a bid/offer ticker size of ₦0.05 from ₦0.1.

Only those from ₦1000 remain unchanged.
Still stan :ods at ₦0.1(10kobo)

GeeKudi:
This has been the hope since 2 years ago when I started dealing in NGX. ACCESS was 22 then.

Ginalex:
Nice ... Na my full units them go give me 😃😃

megawealth01:
President Trump makes a history visit to China.

Take a look at his team to China. These are among the finest brains in business and leadership. Tell me why he won't get a good deal.

1. Marco Rubio - Secretary of State
2. Pete Hegseth - Secretary of Defense
3. Elon Musk - CEO, Tesla & SpaceX
4. Jensen Huang - CEO, Nvidia
5. Tim Cook - CEO, Apple
6. Larry Fink - CEO, BlackRock
7. Stephen Schwarzman - CEO, Blackstone
8. Kelly Ortberg - CEO, Boeing
9. Brian Sikes - CEO, Cargill
10. Jane Fraser - CEO, Citigroup
11. Larry Culp - CEO, General Electric
12. David Solomon - CEO, Goldman Sachs
13. Sanjay Mehrotra - CEO, Micron Technology
14. Cristiano Amon - CEO, Qualcomm
15. Dina P. McCormick - Meta Global affairs
16. Ryan McInerney - CEO, Visa
17. Michael Miebach - President, Mastercard
18. Jim Anderson - CEO, Coherent
19. Jacob Thaysen - CEO, Illumina

We have a lot to learn from Oyibo.

Trump should come and invest in Nigeria Stock Exchange jare

KarlTom:
Ding

Princkez:
Please when is DANGSUGAR right issue commencing..

chimex38:
Make dem no try Lubbish Oo.
Otherwise we go approve Accesscorp International to buyout CBN national Bank .

How much be CBN sef?

yMcy56:
JAIZBANK gradually doing its things.....😊
Successfully crossed Km10
@10.80

Don't know why I kept checking on AIICO today.......😊

aj8:
@Okikiola914

New estimate below . Range 87.72-109.65

I hope you took off profits as you went along. Can buy back at any price below 90, if still interested in the stock.

Olaide1295:
Isn't the gain you made a function of your invested capital which in itself is a pointer to the risk your bore in the market.
What has that got to do with quality of living & length of years.

if otherwise, you're talking about exchange rates & vehicle import duties. Then, that is a different conversation.

megawealth01:
Today's Top Volume Trades

keeeem:
Pls can anyone help with the prospects of a FCMB shares. Just being curious of its performance in relation to its peers in the market (Fidelity, Wema, Sterling )

EDUECO:
Here’s a detailed summary of FCMB Group Plc’s H1 2025 (6-month period ended 30 June 2025) unaudited financial results:


---

🏦 FCMB Group Plc – H1 2025 Financial Highlights (Jan 1 – Jun 30, 2025)

📌 Overview:

Gross earnings jumped to ₦529.2 billion, up approximately 41% from ₦374.5 billion in H1 2024 .

Profit after tax (PAT) rose to ₦73.4 billion, a 23.4% increase versus ₦59.5 billion in H1 2024 .

Profit before tax (PBT) stood at ₦79.1 billion, up 23% YoY from ₦64.2 billion .



---

📈 Revenue Breakdown:

Interest and discount income surged to ₦458.4 billion, a 70.3% increase from ₦269.2 billion in H1 2024 .

Net interest income grew 95.3%, reaching ₦207.4 billion (from ₦106.2 billion) .

Interest expenses climbed 54.1% to ₦251.0 billion, reflecting higher cost of funds .

Net fee & commission income rose 51.3% to ₦37.9 billion, with total fee income up ~31% to ₦47.4 billion and fee expenses down ~15% to ₦9.5 billion .

Trading income declined by 29.3% to ₦22.2 billion, while other gains fell significantly from ₦37.1 billion to ₦696 million, mainly due to lower FX revaluation and asset disposal gains .



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🧾 Balance Sheet & Capital:

Total assets expanded to ₦7.54 trillion by June 30, 2025 .

Customer deposits rose almost 40% YoY to ₦4.54 trillion .

Shareholders' equity grew to ₦746.6 billion, up 24.3% from the prior year .

Loans & advances stood at ₦2.38 trillion, supporting income growth .

Cash and cash equivalents totalled ₦1.53 trillion at June 30, increasing sharply from ₦795.4 billion at year-end 2024 .



---

📉 Per-Share Metrics & Capital Adequacy:

Earnings per share (EPS) declined to ₦3.70 basic and diluted, down from ₦6.00 in H1 2024—driven by capital and share count adjustments .

Capital adequacy ratio (FCC) improved to 16.2% at end-2024 from 14.7%, bolstered by FCMB’s ₦147.5 billion public offer in Q4 2024 .



---

🚀 Key Takeaways

FCMB delivered solid top‑line growth, anchored by booming interest income and expanding loan book.

The sharp rise in funding costs partly offset interest income gains, but strong cost control helped maintain healthy margins.

Growth in non‑interest income (fees & commissions) added diversification.

Trading and other gains softened, pointing to volatility in market-sensitive revenues.

Robust deposit inflows and an expanding asset base improved liquidity and capital buffers, though EPS declined due to capital restructuring.



---

📊 Summary Table

Metric H1 2025 YoY Change

Gross earnings ₦529.2 billion +41%
Profit before tax (PBT) ₦79.1 billion +23%
Profit after tax (PAT) ₦73.4 billion +23.4%
Net interest income ₦207.4 billion +95.3%
Fee & commission income ₦47.4 billion +30.9%
Trading income ₦22.2 billion –29.3%
Loans & advances ₦2.38 trillion –
Customer deposits ₦4.54 trillion +39.9%
Total assets ₦7.54 trillion –
Shareholders’ equity ₦746.6 billion +24.3%
EPS (basic/diluted) ₦3.70 ↓ from ₦6.00
Capital adequacy (FCC) ~16.2% (end‑2024) ↑ from ~14.7%

megawealth01:
Today's Top Volume Trades

MeezPat:
When is Access moving abeg