₦airaland Forum

UCAP

- finding some temp resistance at 2.60
- let it play out

FBNH

- looking for all d support at dis N3.00 junction
- wait for it !

Intendy:
stocks with new 52 weeks low

betaglass #30.00k

FO #145.12k

scoa #3.77k

lafarge #42.50k

no new stock with 52 weeks high

NBL
- touched N164 year high on friday but closed at N148.68
- not bad coming form below N100 in Q1

#JustObserving

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End

Big vols

Diamond
85m plus units traded

Access
30m plus

DeRuggedProf:
I once did something so so so stupid and I mentioned it here, I will normally do, we are all

loll
-we all struggle with discipline and itchy fingers

FCMB
- macd is still above signal line but below zero line
- since touching 1.20, sellers are still in market
- buyers turned up at 1.06 opening pushing price to 1.10 levels. things can turn ard quickly bcob
- there is no BUY / Sell signal confirmation
- lets just wait and see (wh is d most difficult part for traders , the DO NOTHING TIME lol)

Dis:
- i put some bids at 1.01 just to add my own tasere to dat 20m bid figure loll

Diamond
-similar to FCMB
- but dat Marubuzo after the doji 2 days ago says buyers de this market
- no clear sell signal yet ! macd still above zero line but almost kissing loll ! (charts sha)
- bollinger bands are currently squeezed together so any break up or down will be sumfin else (transcorp also)

Dis:
i took some profits before on both & currently on d side lines

angelo82:
Do you think banks will suspend the ban on foreign use of Naira debit cards.

- only temporarily
- they advise people to use their dollar denominated cards (debit or credit)

FCMB
- on full bid , no offers
- back at 1.11 level to find new support
- seems pull back is over
- um

CBN
- back with another fx intervention strategy to settle some back logs thru another unclear fwd contract
- continues wt d travelex / fbn & BDC arrangee at 375/$
- banks no longer able to fund foreign trnx using local debit cards

so FBNH closed below ₦3.00 ! #chai

Intendy:
one more expo on FO for u,look it on q/q and not just on y/y. compare that also.
thanks bro

Heard they will be raising capital soon !
Don't know how true

FBNH supporters club always turn up at N3.00 junction


-

Transcorp
- back at N1 junction
- JIJO's sweet spot
- if ur nt a JIJO master, no near am.

manie:
How is that possible? There is nothing bad in cross deals.

- yeah
- some serz diamond crosses
- on full bid now

Willie2015:
Recal I asked the same question almost 2 wks ago on whats driving Access.

I loaded some pretty units at 5.40, just hope it can do 10% for me to bail out.

- ur lookng at N6 ! anything is possible
- at least u don collect dividend
- just hold on

fxuser:
Access
- big vols
- watever q3 is, its currently been priced in
- (some like to get in before d news)

72m units ! by 11.am #haba

Access
- big vols
- watever q3 is, its currently been priced in
- (some like to get in before d news)

Access
-back above 5.60 #good
-still a hold for me
-been trading sideways for long
- wud be nice to see 5.80 sef !


UBA
- finds support at N4
-pulling away gradually

Diamond
-little bears turning up
-

Ucap
- still on d upside
- shorter MA's staying above longer MA's
- it will re-test 2.60
- those waiting for pull backs , hav to wait longer
- #iLike

FBN
- another bearish attack in play
- maybe it will form a triple bottom ! !
- not a fan

ukay2:
http://www.vanguardngr.com/2016/10/cbn-suspends-19-banks-forex-sale-bdcs/

d never ending fx policy changes ! always adding to uncertainty

DeRuggedProf:
Last minute market moves almost always interest me.... . It is well...

same here , right to d last min ! You get a nice view on MorganCap platform.
Really interesting

valacious:
Here was my quote some days back. Imagine 43million offer for same FCMB that was hot last week. Wonders of NSE!

- good , good
- buy d support , sell d resistance

FBN

- is this a triple bottom ?
- prev low was N2.95 , maybe it will set a new one

locodemy:
is it possible?

anything is possible . .

angelo82:
Emefiele must go!

http://nairametrics.com/protesters-storm-cbn-hq-in-abuja-calling-for-emefiele-to-resign/

long over due

locodemy:
No good news for FBN.......No good news for the Nigerian Stock Market........A time for every hand to be on the desk to make things happen..........if not all the big volumes in stocks like Access and Uba are like chasing wind.

U and some here just wack some decent profit from FCMB oga !
#calm another good set up will come

ExLaidback:
People on this thread don't really go through results. They just check the PAT and that's it. I'm not of a Finance and Accounts background but some of the basics are there to read for whoever is interested.
. .

Now imagine banks with Net FX liabilities (rather than Assets), also having high loan loss to deal with this year. My take is this: for any bank whose Q3 you are expecting, just check the Q2. If there was a considerable increase in it's loan loss therein don't expect anything too fantastic in Q3. If even worse, it has a net FX liabilities rather than Assets, you might even want to sell because there'd be nothing to cushion the rise in loan losses (except cutting down drastically on operating expenses, I guess).

Or what do you think?

Yhuup !
And If inter-bank drops also before year end, it follows similar fashion.

UBA
- big volumes
- Over 82m + units

angelo82:
http://www.nse.com.ng/Financial_NewsDocs/15129_UBA_PLC_Q3_SEPT_2016_FINANCIAL_STATEMENTS_OCTOBER_2016.pdf

-timely
-above estimates
-most welcomed , anything to reduce the fear in dis buhari economy

Brent $53.07/bbl