₦airaland Forum

OsunOriginal:
Bro, it is not just about traders. There are millions of other people who invest in stocks for future and for their children, i am not a trader but I put some money (small though) on stocks like many others. If the value grows, I would be happy.

Also, even if you don't have anything to do with NGX and you are an independent observer of event, that stock value is growing may convince you that the government is doing something. It is the same reason Trump rushes to social media each time stock value goes up in the US.

KarlTom:
We have more people using calculators instead of keyboards...

The RED seems to be waning though

OsunOriginal:
That exactly is the problem. I think the politicians are trying to ensure Tinubu is not able to use the NGX growth as an achievement. The downward trend started the week someone linked the NGX growth to Tinubu's policy. I may be wrong.

For now, I will stay on the sideline watching the happenings until after election.

Oasisblue:
When will it kick in?

Mpeace:
Anyway, it Aradel does good, we only need 10k units to move prices. But Seplat go suffer, especially under elumely wet no dey help price rise.

megawealth01:
We hope for sub 10 naira

yMcy56:
Femi now controls 20.42% equity shares of First Bank....
Above 100 still beckoning once papa is ready....😊

** Meanwhile, accumulations is still ongoing in NASCON....
I hope it's not Ote$$ that's taking position here as well....

We need to know who's behind the 70M units of DANGCEM crossed yesterday and those accumulating NASCON....
Something seems fishy here...

PETERiCHY:
SPACEX dropped from circa #200 and touched circa $170

CURRENTLY trading @t circa $180

SWEET SPOT is circa $150

BARGAIN HUNTERS TAKE NOTE!

megawealth01:
In another news SPACEX 💕😘💕

awesomeJ:
The main issue was that the market needed to do something to end the annoying illiquidity. The easiest way would be for them to revert to the tiered volume requirement they had in place, but that would then bring back the original issues that made them amend the rule in the first place, hence my suggestion.

I do not know what your interpretation of my suggestion is exactly, but it wouldn't at all imply a case by case intervention. Just a genral rule in their code like so would suffice:

bool price_moves = volume_traded >= 100, 000 || calendar_days_since_last_price_change >= 90
if price_moves == true
set_new_price
simple algorithm that's that one patch and would work every time for every stock.

They probably just chose to go with an algorithm they already previously had in place.

awesomeJ:
As a matter of fact, SEPLAT is currently being affected.

It trades at £5 in London (about 9300), but NGX quoting it at 11363 cos of their 100k rule.

It's why there are lots of offers at 10k with no buyer.

If this rule had been in effect today, seplat would have dropped to 10200, then tomorrow, bids would show up at 9k.

It's just basic market knowledge, but I don't believe you trade full time @d..wing

awesomeJ:
This is your uninformed opinion. I don't think you should be advertising the ignorance.


SEPLAT was also once affected for nearly 6 months, but your history of the stock is apparently short and limited.


It's not up to companies to decide whether 1 unit of trade in their shares will move price or whether it'd be 100k units. It's exactly the responsibility of the market, you not knowing that is funny.

awesomeJ:
follow up in January:

nosa2:
My view on palm oil companies in Nigeria is not based on the global market but on Nigerian government policy

ogawisdom:
MTN has done over 4Billion naira worth of deals today before 12 pm , no other company has done 1Billion as at now

Insiders are not left out

MTN is like the only company that 90% of Nigerians spend nothing less than 15k on monthly (data and airtime). I am posting this using data on my MTN line.

yMcy56:
Honestly, I think I agreed with the Oga....Asangbekoko....
Comical relief when people are loosing money?
That's insensitive if I may say and it doesn't always go down well when someone is just mentioning a ridiculous amount all in the name of looking for bargain entry or comical relief..... whatever it's called!!

To buttress the point, it shouldn't be coming from some people.....
While some of us will not even bother if it's coming from the likes of Agba or Peterichy, we will however be concerned when the likes of Mega, Oga Emma and some Ogas joke with such things......

nosa2:
Where are all those "geniuses" that were arguing when I said we were at peak palm oil

toyeoye:
🚨 Massive selloff in GEREGU.

The stock is locked at limit down (-10%) intraday, falling from ₦1,132.50 to ₦1,019.30 in ongoing session.

📊 What stands out:
• 4.8M shares traded
• That's 1,847% above its 30-day average volume 🚀
• Nearly ₦4.9 billion worth of stock exchanged
This isn't a quiet drift lower. It's heavy distribution with unusually large participation.

megawealth01:
Una get money ooooo

Ginalex:
Please do you think now is a good time to average up my MTN? 🥺

ppogba:
If you have JAPAUL and you are not hypertensive, you deserve to be a specimen in the medical school.

toyeoye:
JAPAULGOLD opens at limit down (-10%), extending its losing streak to 3 straight sessions and sitting ~32% below its 52-week high.

Kaczynski:
i had this really autistic friend in uni we did couple projects together he would fart all the time in public in front of girls and they'd be staring at us like tards but he's been working at spacex for like 7 years if only those chicks knew.

megawealth01:
I have few units I bought at 300 naira sha

megawealth01:
Delist bawo?

Kesta22:
Dangote cement dropped to 348 yesterday, is it a good opportunity?

presiade:
True, all of Melania’s nudes as a model (an escort) were all fakes.