₦airaland Forum

its building up from last week . . see volume trend

Mon 152 million
Tues 170 million
Wed 588 million
Thurs 618 million
Fri 628 million

Mon20th: ?? million

DeRuggedProf:
Market VOLATILITY will be SUPER HIGH on MONDAY. Most people will start getting direction after one(1) week from MONDAY next week.
Do not be in a hurry to JUMP IN. Most foreigners got TRAPPED, The reason for many crossed deals earlier in the past few weeks which have reduced significantly... .

AFTER THE INITIAL GRAGRA, STOCKS will DIP before taking OFF. its never a ROCKET TRAJECTORY....EVEN FOR UCAP....

true . . but we wud wait till Q2. I think Ucap is more local play

phetty:
Something is definitely brewing about UBA...over 187m traded stocks today

technically its a very bullish signal
-big vols back to back
-macd bullish crossover
-rising rsi
-50dma trading over 200 dma (golden cross)

All d momentum needed to break N5 resistance before setting new 52 highs. loads patience needed

3 dojis back to back . . we wait and see

portfolio dis:
uba
ucap
znith
flourmill
Nb

Intendy:
Stock with new 52 weeks high

Ucap #2.40

super

FlourMill volumes picking up . . dividend hunters betting on a possible good payout from asset sale harvest lol

Godisfaithful:
Sir, don't you think an adjustable shift in a country currency will directly lead to a shift in valuation of their market (stock/financial market)?

High Volume Sell-Off in Nigeria ETF
http://finance.yahoo.com/news/high-volume-sell-off-nigeria-200044430.html

chart here:
http://www.nasdaq.com/symbol/nge/interactive-chart

From Monday, Naira priced bonds & stocks will drop massively in dollar terms, so for chaps holding the Nigeria ETF quoted in usd, its a time bomb about to happen on Monday. Once the trial period is over and people trust that the new system works . . $1 buys a lot more than before
IMO

some strategies have noticed here

JIJO picks -
Dividend & Interim Dividend picks
Undervalued picks
Long term picks
Foreign comeback picks
Penny stock picks

another big volume day for UBA . .

#like

heard troubling news about Skye bank from mgt staff. (bank is seeking epp up & dan)
-results not good at all.
-need to raise capital
-Other options are bailout or any form of rescue
-dat over-priced takeover is chocking d bank

IMO: leave out of radar . .

do ur dd

after failing twice (thanks to profit takers)
Access is back re-testing that N6 resistance level . . time to breakout

ogoo4real:
Why is the forum being quite. Guys re so busy taking profit

or re-positioning the portfolio

increased volume across board most welcomed
plus MACD bullish cross over

flourmills also jumped in volume
#takeoff pre-2015fye

149million units of zenith traded ! ! wow

some members of #TeamUCAP hav been taken profits without issuing warning to d team #issorai
you will all come back in at a higher price

fxuser:
market makers are having a laugh !

UBA 150m units traded so far !

Hayyee2002:
All the bank stocks in red....what is happening.

A day like this that most of us are optimistic of a large horn BULL.

market makers are having a laugh !

ogoo4real:
Buying Uba @4.6 and Ucap @2.35 which is preferable in terms of price appreciation.

offers drying up early
doubt u can get

ORAGBON:
i think their Q4 results might not be that good from the little I have gathered so far. Will give more update if I get more info... finishing touches still on.

nice one !
at least the coy has d cash to restructure its finances and pay its shareholders.
look fwd to your thots

ExLaidback:
I'm thinking Foreign Investors may not respond positively to this free float immediately (tomorrow tomorrow). They may want to see the market settle first as initialy we may have wide variance due to pent up demand. This is in turn could translate to about a week or more of bi-directional movement in the NSEASI before a more definite upward trend for a while. Abi?


$$$

sure . . initial impression is +ve wh is a good start

dead cat don rise ohh loll
dis market sef

Emefiele live on CNBC

forbes30:
..........seriously...UBA now on full offer no bid....something fishy....... .............

after 102m units traded

dead cat bounce ?

too much uncertainty

Kashif:
Thats what I call guts!

Ucap met a full rejection at 2.50 resistance junction ! second time its testing that level in recent times..
double top?? we wait and see

#invertedHammer

TeamUCAP tops gainers early wt +10%

bullish start
NEM +9%
FCMB +7.05%
DiamondBank +6.36%
Skyebank +5.36%
GTB +4.97%

thus far . .

Happy Devaluation Day guys . . 2pm

NEM on full bid
Crosses N1 for the first time over 5 years probably

Headline inflation rose to 15.6% in May , relative to April figure at 13.7%.

London roadshow feedback summary - Rencap

-investors drawing parallels with Venezuela and how quickly Nigeria could be treading a path there.
-FX stance was the most topical issue in all meetings
- first trade for a number of investors cud be outflow while testing the liquidity of liberalized FX market.
- lack of clarity to date remains frustrating
Re: BANKS
- investors concerned about fundamental viability, post another fx-liberalization, as their access to equity and debt capital could be largely constrained
- multiple restructuring of dollar assets and rising FX NPLs are concerns
- questions on CBN's plan to deal with the emerging sector challenges, AMCON , possibility of a rate different from the liberalized rate to mark balance sheets to market
-questions on Aiteo's possible NPL classification and impact on lenders

End

#summarized from rencap report

zenith support done
next way is up