₦airaland Forum

Mother BULL is out

its a bullish start today
UBA 10.18%
OANDO 10.13%
ZENITHBANK 10.00%
FCMB 9.86%
DIAMOND 9.38%

Naira Forwards Rise to Record on Nigeria's "Flexible" Exchange-Rate Plan
https://twitter.com/justincarri/status/735382900590432256

UCap finds support at N2.00

Youngzedd:
Nigeria Is Headed For A 'Full-Blown Economic Crisis' - Yahoo Finance

your forgot the link:

http://finance.yahoo.com/news/nigeria-headed-full-blown-economic-001500943.html;_ylt=AwrC0CP_JkRXqAwA1YmTmYlQ;_ylu=X3oDMTByMDgyYjJiBGNvbG8DYmYxBHBvcwMyBHZ0aWQDBHNlYwNzYw--

Quote:
Nigeria's economic crisis is getting worse.
On Friday the Nigerian Bureau of Statistics revealed that the country's economy shrank by 0.4% year-over-year in the first quarter — way worse than expected.

Economists were expecting the country to grow by 1.8% year-over-year, according to the Bloomberg consensus.

And now analysts aren't feeling too good about the situation going forward.

"We have long warned of a slow-burning crisis in Nigeria," Capital Economics' Africa economist John Ashbourne said. "It now seems that this view was too optimistic: the country is headed into a full-blown economic crisis."

Nigeria continues to suffer from numerous economic headaches, including lower oil prices and the government's controversial foreign-exchange and price-control policies (which analysts have more or less deemed a failure).

The biggest drop in growth was in Nigeria's manufacturing sector, which Ashbourne wrote was crushed by the country's FX policies.

"This is very bad news for Nigeria's government, which has justified the current FX system as a method of promoting non-oil industries," Ashbourne said. "It is now clear that these policies have — as we'd long argued — made a bad situation worse."


Key take away
FX policy needs urgent adjustment. clearly not working. we will know by end of today.
Rates this am is $1/N330 'ish

dawnomike:
For high speed that is reliable but kinda costly----- choose smile
For cheaper 4G moderate speed----- choose spectranet
For an unreliable network tht u will hv to call d network office to sometimes fix---- choose Swift
Note: dis is myv opinion which may not not be generally valid in ur location.

which is the best now ?/

Expected Earnings Release Dates for March Accounts (& Interim Div Accounts
https://trwstockbrokers./2016/05/23/expected-earnings-release-dates-for-march-accounts/

coconuthead:
Anyone noticed banking stocks delving south today? Y is this so

profit taking

NuttyChoky:
Good morning house,

While we do not know the effect of the release of the Q1 GDP on Friday, I expect the bears to visit us because of the contracting GDP

I would suggest a cautious approach to trading until after the MPC meeting.

Have a great week!

absolutely
a more cautious approach to those just entering the market. The time to be very greedy has passed, pls be warned.

Note to SELF
''There is a time to be greedy -- but it is at the start or middle of a move, not at the end of a move.'' PB

tigerbrand finds some support
pull back ending

jamace:
Monkey hunters

i agree !
the price manipulation is legendary
some ongoing cross sales probably ?

ExLaidback:
Hello People in the house,

To the guy who was robbed, I'm sorry to hear that. May you not fall victim ever again.

Please I'm shopping for a good tech analysis software/platform/app/tool/website etc. Any suggestions Something that plots out trends in a line graph and allows calcucation of various ratios? Something reasonably elaborate. The research tool that comes with (my broker) Investment-One's Easytrade platform is grossly inadequate and Excel isn't cutting it for me right now ('cos i don't like how it plots graphs like an after thought). Please any help will be appreciated. Thank you.

Edit: I understand such a platform may be hooked to real time market data and so may require subscription OR not.

$$$

try
http://markets.ft.com (offers more tech than bloomberg )

- just register
- create your watchlist
- use the interactive chart (the delay to real time is 5-10 mins)

(if you want something more, the nyou need bloomberg terminal access to be ahead of the news)

NuttyChoky:
up or down?

huge volumes this week

feelamong:
^^^^^ Oga cant you find any bad news on UCap?

I need to buy that stock at 1.20 before the men in black mop all of it up

UCap breaks N2 again

feelamong:
^^^^^ Oga cant you find any bad news on UCap?

I need to buy that stock at 1.20 before the men in black mop all of it up

loll !

looking like Transcorp pull back over
more bids coming

Intendy:
https://www.proshareng.com/news/Investors%20NewsBeat/Why-Oando-Plc-s-2015-Audited-Statements-will-be-released-on-May-31,-2016-/31116

ghen ghen !

UCAP
Next stop is N2

https://www.proshareng.com/news/Regulators/NSE-Proposes-Amendment-to-its-Rules-on-Pricing-Methodology/31119

Summary of the Proposed Amendments

The Exchange has considered the constraints of the current definition and practice of “one size-fits-all” price movement (One (1) Kobo) for all equity securities trading on The Exchange and has researched the tick size regulation in other leading jurisdictions. The inquiries revealed that most advanced markets do not adopt a “one size-fits-all” tick size for all equity securities. Consequently, The Exchange is proposing the following amendments to Rule 15.29: Pricing Methodology:

(i) The classification of equities into groups for calculating price movements and price limits shall be as follows:

Group A: equities priced at N100.00 per share or above. 2 Authorised Use Only – PUBLIC

Group B: equities priced at N5.00 per share or above but less than N100.00 per share.

Group C: equities priced at N 0.01 per share or above but below N5.00 per share.

(ii) The minimum quantity of equities traded that will change the published price of an equity security shall be as follows:

(A) Group A: Ten Thousand (10,000) units (presently 50,000 units).

(B) Group B: Fifty Thousand (50,000) units (presently, 10,000 units).


(C) Group C: One Hundred Thousand (100,000) units (newly introduced).


(iii) The introduction of tick size, which is the minimum price movement that equities will trade shall be as follows:

(A) Group A: Ten (10) Kobo.

(B) Group B: Five (5) Kobo.

(D) Group C: One (1) Kobo.

NuttyChoky:
Just afraid of the MPC outcome (read: to lose money)

at least its most likely interest rate will be adjusted upward.

but the key concern is d current fx policy ! What will CBN do this time around?

- adjust peg (N240/$ , N290/$, ??/$)
- float the currency
- adopt a dual exchange rate
- increase the current band
- or do nothing

The market mood expects something to give this time around.

what do u guys think ?

Primetech:
Quiet morning...

profit taking

"no one goes broke booking a profit."

donmarshia:
I don't understand why FBNH delights in lagging behind. Damn!

d elephant will eventually stand up
at least the SP is trading above 50DMA & MACD is bullish
the downward trend may just be over

disclosure:
I don't own any yet

GTB breaks N19
Zenith breaks N15
Access breaks N5
UBA heading towards N4 junction
UCAP finds support, it will break N2


#GodWin

currentprice:
Lol.. you listen to SELL in MAY back in NOVEMBER song

lai lai , i don't buy such view

index breaks 26,000 resistance level once again !
May d bears catch fever over the weekend & d bulls come out stronger.

NuttyChoky:
The only problem I have now is when to sell

Gentlemen, how much profit is enough profit? 10% 50% 100% 600%

thats a good problem to have !
the SELL button gets bigger daily lol

feelamong:
This is so unfair....

I took some profit yesterday and now I cannot get into any stocks I like..

Where is Oga peteru and his dragon king

You people must bring things down o!!

happens to the best of us !
ur not alone.

MRS down -9.73%

wat is driving the sudden demand ?

devaluation ?
budget?
subsidy removal ?

disclosure:
I glad to be in and not trying to get in !

a bullish start today !
Tigerbrands break N6 ! ! nawa
Oil stocks up +5% except FO