CBN Press Release IRO former Skye Bank.

moneywoman74:


But is deepsuck actually a woman? The name and what comes out from the mouth does't sound like a woman.

She is a man

Good morning.


We begin our pre-market coverage of the Nigerian Stock Exchange (NSE).


Pre market runs from 9.30 to 10am daily on the NSE.


During this period, investors can place orders, but no trade occurs.


Figures will take the format Bid(k) vs Offer(k).


Bid represents the amount of stocks people want to buy.


Offer the number of stocks, people wish to sell.


K represents thousands.


Net bid means there are no offers for a stock.


Net offer means there are no buyers for a stock as at pre market.


Bid vs Offer figures are subject to change all through the day.


Access Bank 210k bid vs 300k offered


Dangote Cement 1k bid vs 9k offered


FBN Holdings 200k bid vs 78k offered


Seplat 90 units bid vs 60 units offered


UBA Plc 314k bid vs 603 units offered


Wapco 10 units bid vs 50k offered


Zenith Bank 2k bid vs 540 units offered


Dangote Flour 20k bid vs 13k offered


Dangote Sugar 1k bid vs 30k offered


Guaranty Trust Bank 12k bid vs 20k offered


Guinness 9k bid vs 1k offered


International Breweries 2k bid vs 285k offered



Nigerian Breweries 2k bid vs 800 units offered



PZ Cussons Nigeria 150k bid vs 55k offered



Unilever Nigeria 21k bid vs 3k offered




Visit Nairametrics.com for more news.

*Daily Market Summary September 20, 2018.*


The Nigerian Stock Exchange closed on a positive note as the All Share Index closed at 32,480.89 basis points, down 0.33%.

Year to date, the index is down 15.07%


*Top Gainers and Losers.*


*Gainers*

Wapco Plc was the best performing stock in today’s trading session. The stock closed at N22.75, up 9.90%.

First Aluminium closed at N0.34, up 9.68%.

UAC of Nigeria Plc rounds up the top three gainers, closing at N11.10, up 8.82%.

*Losers*

Prestige Assurance was the worst performing stock in today’s session. The stock closed at N0.56, down 9.68%.

Unity Bank closed at N0.88, down 9.28%.

Honeywell Flour Mills closed at N1.36, down 6.21%.

*Top trades by volume*

NEM Insurance Plc was the most traded stock by volume as 39.1 million shares valued at N121 million were traded in 16 deals.

36 million First Aluminum shares valued at N11 million were traded in 28 deals.

20.7 million Zenith Bank shares valued at N428 million were traded in 203 deals.


Visit Nairametrics.com for more news.

Is Pa Ewumi still in this forum? Been a while he posted anything

So you are a biker

Nice one. Hope to join you guys soon.

fxuser:



'' Never overtake a long truck at a sharp bend to avoid head on collision. '' lol Prof

- can relate to this as a biker . . . but if one is caught in such a situation , avoid all 8 survival reactions (SR's by keith code)
quote ''
1. rolling off the gas
2. Tightening on the bars
3. Narrowed and frantically hunting field of view
4. fixed attention (on something)
5. Steering in the direction of the fixed attention
6. No steering (frozen) or ineffective (not quick enough or too early) steering
7. Braking errors (both over-and under-braking)
end quote '' from Twist of a Wrist

- umm can be applied to trading

#DontPanic #Riskmgt

Large Trades:

59.6 million Redstar Express shares valued at N295 million traded in 7 deals.

10.9 million Zenith Bank shares valued at N226 million traded in 41 deals.


Visit Nairametrics.com for more news.

currentprice:


u try o, i never finish the ebook since i got it many months ago

Looool I love reading so it's not an issue for me. Besides I found it quite interesting and easy to read.

Good morning.


We begin our pre-market coverage of the Nigerian Stock Exchange (NSE).


Pre market runs from 9.30 to 10am daily on the NSE.


During this period, investors can place orders, but no trade occurs.


Figures will take the format Bid(k) vs Offer(k).


Bid represents the amount of stocks people want to buy.


Offer the number of stocks, people wish to sell.


K represents thousands.


Net bid means there are no offers for a stock.


Net offer means there are no buyers for a stock as at pre market.


Bid vs Offer figures are subject to change all through the day.


Access Bank 1k bid vs 100k offered


Dangote Cement 1k bid vs 24k offered


FBNH 100k bid vs 400k offered


Seplat 2k bid vs 875 units offered


UBA Plc 25k bid vs 30k offered


WAPCO 1k bid vs 10k offered


Zenith Bank 5k bid vs 20k offered


Dangote Flour 15k bid vs 6k offered


Dangote Sugar 1k bid vs 10k offered


Guaranty Trust Bank 22k bid vs 830 units offered


Guinness 1k bid vs 500 units offered


International Breweries 85k net offer


Nigerian Breweries 38k bid vs 10k offered


PZ Cussons Nigeria 95k bid vs 1k offered


Unilever Nigeria 24k net offer.


Visit Nairametrics.com for more news.

For the Fundamental Analysis students here you can visit this site www.wealthyeducation.com to download the following ebooks:

1. The Ultimate Guide to Value Investing

2. The Ultimate Guide to Dividend Investing

3. The Ultimate Guide to Financial Ratio Analysis

For those who like to invest based on potential dividend yield I will have something for you very soon.

Hi guys,

For the Technical Analysis (TA) students and faithfuls who requested the TA book I shared recently I hope you have been reading it and getting a grasp of TA techniques.

As a follow up reading I will recommend Japanese Candlestick Charting Techniques by Steve Nison. You can download it here https://www.pdfdrive.com/japanese-candlestick-charting-techniques-e18771097.html

I just finished reading it and I'm going ahead to read it again.

1. It covers all the candlestick patterns in the Zheroda TA book but in more detail.

2. It also covers many more candlestick patterns not mentioned in the Zheroda series.

3. Every candlestick pattern is discussed using several real life chart examples to better understand what is being taught.

4. The book also teaches how to use candlestick patterns in conjunction with other technical indicators.

It's an easy to read book, the language is not technical at all.

Happy reading.

*Daily Market Summary September 18, 2018.*

The Nigerian Stock Exchange (NSE) today recovered from yesterday’s bearish session as the All Share Index closed at 32,381 basis points, up 0.56%. Year to date, the market is down 15.33%.

*Top Gainers and Losers.*

*Gainers:*

First Aluminum Plc was the best performing stock in today’s trading session. The stock closed at N0.33, up 10%.

Prestige Assurance closed at N0.57, up 9.62%.

Royal Exchange Plc rounds the top three gainers with a 9.52% gain to close at N0.23.

*Losers:*

Redstar Express Plc had the biggest decline closing at N4.50, down 9.09%.

Cornerstone Insurance Plc closed at N0.21, down 8.70%.

Standard Alliance Insurance also closed at N0.21, down 8.70%

*Top trades by Volume.*

Access Bank was the highest traded stock by volume as 84.9 million shares valued at N679 million were traded in 124 deals.

Zenith Bank was next with 16.4 million shares valued at N338 million traded in 330 deals.

International Breweries rounds up the top 3 most traded stocks with 10.2 million shares valued at N300 million traded in 9 deals.


Visit Nairametrics.com for more news.

Large Trade:

21 million Skye Bank shares valued at N13.5 million traded in 20 deals.


Visit Nairametrics.com for more news.

Large trade:

10.2 million International Breweries shares valued at N300 million traded in 4 deals.


Visit Nairametrics.com for more news.

Good morning.

We begin our pre-market coverage of the Nigerian Stock Exchange (NSE).

Pre market runs from 9.30 to 10am daily on the NSE.

During this period, investors can place orders, but no trade occurs.

Figures will take the format Bid(k) vs Offer(k).

Bid represents the amount of stocks people want to buy.

Offer the number of stocks, people wish to sell.

K represents thousands.

Net bid means there are no offers for a stock.

Net offer means there are no buyers for a stock as at pre market.

Bid vs Offer figures are subject to change all through the day.

Access Bank 40k net bid

Dangote Cement 1k bid vs 4k offered

FBN Holdings 7k bid vs 10k offered

Seplat 10 units bid vs 675 units

UBA 160k bid vs 144k offered

Wapco 5k bid vs 25k offered

Zenith Bank 48k bid vs 25k offered

Dangote Sugar 49k bid vs 42k offered

Dangote Flour 45k bid vs 8k offered

Guaranty Trust Bank 22k bid vs 200k offered

International Breweries 85k net offer

Guinness 121k net bid

Nigerian Breweries 200 units bid vs 9k offered

PZ Cussons 15k bid vs 4k offered

Unilever Plc 24k net offer

Visit Nairametrics.com for more news.

*Daily Market Summary September 17, 2018.*

The Nigerian Stock Exchange retraced the gains made on Friday as the All Share Index closed at 32,201.98, down 0.39%.

Year to date, the index is down 15.80%.

*Top Gainers and Losers*

*Gainers:*
CI Leasing Plc was the best performing stock in today’s session. The stock appreciated by 8.62% to close at N3.15.

Forte Oil closed at N19.00, up 8.57%.

Prestige Assurance rounds up the top 3 traders with an 8.33% gain to close at N0.52.

*Losers:*
On the flip side, Champion Breweries Plc was the worst performing stock today, declining by 10% to close at N1.62.

Redstar Express Plc fell by 9.17% to close at N4.95.

Royal Exchange Plc rounds up the top 3 losers with an 8.70% decline to close at N0.21


*Trades by Volume*
The top three trades by volume were all from the banking sector.
Access Bank was the highest traded stock by volume as 24 million shares valued at N185 million were traded in 127 deals.
Guaranty Trust Bank was next with 23.6 million shares valued at N805 million in 216 deals.
Skye bank rounds up the top three with 14.9 million shares valued at N9.2 million traded in 109 deals.

*Notable event:*
UAC of Nigeria Plc dipped to a new 5 year low of N9.90 per share in intraday trading today.

Visit Nairametrics.com for more news.

swilo:
Every research method has its own merits and demerits. It would be futile to spend time comparing TA and FA in order to figure out which is a better approach.

Both the techniques are different and not comparable. In fact a prudent trader would spend time educating himself on both the techniques so that he can identify great trading or investing opportunities.

Infinitisi zerodha series...

Lol una don give me name abi? Abeg no be me write the series o.

*Daily Market Summary September 14 2018*

The Nigerian Stock Exchange ended today’s session on a positive note, as the All Share Index closed at 32,327.57 basis points, up 0.95%. Year to date, however, the market remains in the red down 15.47%.


*Top Gainers and Losers*

*Gainers*

Nigerian Breweries was the best performing stock in today’s session. The stock closed at N92.50, up 9.99%. Honeywell Flour Mills closed at N1.39, up 9.45%. Unity Bank closed at N0.93, up 9.41% .


*Losers*

On the flip side, Cement Company of Northern Nigeria (CCNN) was the biggest loser in today’s trading. The stock closed at N22.60, down 9.96%. Linkage Assurance Plc closed at N0.59, down 9.23%. AG Leventis Plc rounds up the top three losers with a 9.09% decline to close at N0.40.


*Top Trades by Volume*

Guaranty Trust Bank led the top trades by volume with 68.7 million shares valued at N2.2 billion traded in 294 deals.

Zenith Bank was next with 51.8 million shares valued at N1 billion traded in 365 deals.

Transcorp Plc rounds up the top three traded by volume with 17.2 million shares valued at N20.4 million traded in 144 deals.

fxuser:
Zenith
- rejecting its weekly low on vol and forming a weekly hammer
- noticed positive rsi div on the hrly timeframes (nt d most reliable)
- all indicates bearish fatigue at d moment


#BeFluid

Retracement or Reversal? With the market still bearish my guess should be retracement.

Possible play: watch out for price breaking above the hammer with take profit point at the next resistant level. Don't forget your stop loss.

Oya @fxuser come and mark my exam paper

Good morning.      We begin our pre-market coverage of the Nigerian Stock Exchange (NSE).      Pre market runs from 9.30 to 10am daily on the NSE.      During this period, investors can place orders, but no trade occurs.      Figures will take the format Bid(k) vs Offer(k).      Bid represents the amount of stocks people want to buy.      Offer the number of stocks, people wish to sell.      K represents thousands.      Net bid means there are no offers for a stock.      Net offer means there are no buyers for a stock as at pre market.      Bid vs Offer figures are subject to change all through the day.

Access Bank Plc 2k bid vs 100k offered

Dangote Cement 95 units bid vs 2k offered
    
FBN Holdings 33k bid vs 22k offered
    
Seplat Petroleum 10 units bid vs 900 units offered
    
UBA Plc 500k bid vs 500k offered
    
Wapco 5k net offer
    
Zenith Bank 22k bid vs 5k offered
    
Dangote Flour 5k bid vs 20k offered
    
Dangote Sugar 11k bid vs 55k offered
    
Guaranty Trust Bank 300 units bid vs 58k offered
  
Guinness Plc 4k net offer
    
International Breweries 3k net offer
    
Nigerian Breweries 580 units bid vs 580 units offered 
   
PZ Cussons Nigeria 100 units bid vs 5k offered
    
Unilever Nigeria 1k bid vs 3k offered 
 Visit nairametrics.com for more

8 Red Flags You Can Spot on Your Financial Statements
8 Red Flags You Can Spot on Your Financial Statements
A company’s financials are the most objective way to assess the health of an organization. As the old adage says, “numbers don’t lie.” Numbers can indicate prosperity or poverty, but they can also show the first signs of trouble within a company. To help you recognize what the numbers are trying to tell you, we’ll explore eight identifiable red flags that can serve as indicators of trouble to you or anyone else reviewing your financials.

How to Read a Financial Statement
Before you can identify trouble areas, you first need to understand how to read a financial statement. Many people simply open it and look for the top-line assessment, revenue profit or loss, income statement and cash flow. There are other areas, however, that you should be aware of.

Primarily, financial statements are broken down into four key areas:

Auditor’s Report: This is a statement prepared by the statement’s auditors that outlines top-line trends and opinions based on the auditors’ findings.
Financial Statement: The statement itself is actually a collection of reports that provide a picture of an organization’s cash flows and financial condition. The reports typically included in a financial statement are the balance sheet, income statement and the statement of cash flows.
Notes to the Financial Statement: A veritable “cheat sheet” of the company’s accounting practices or intricacies to aid in reading the document. It can also include explanations for any odd entries or items.
Management’s Discussion and Analysis: Similar to an executive summary, this is a note from management that includes any information or topics that management would like to communicate to its shareholders or the readers of the report. This information is often inferred in parts of the report, and is called out in this section because it may not necessarily be obvious to the reader.
These sections provide valuable information that will help you determine the company’s profitability, liquidity and cash flow; all important figures when determining health.

Red Flags to Look For
Now that you have an idea of how to read financial statements, here are eight red flags that can indicate trouble for a business.

Rising debt-to-equity ratio: This indicates that the company is absorbing more debt than it can handle. A red flag should be raised if the debt-to-equity ratio is over 100%. You can also take a look at the falling interest coverage ratio, which is calculated by dividing net interest payments by operating earnings. If the ratio is less than five, there is cause for concern.
Several years of revenue trending down: If a company has three or more years of declining revenues, it is probably not a good investment. While cost-cutting measures—such as wasteful spending and reduction in headcount—can help to offset a revenue downturn, it probably won’t if the company has not rebounded in three years.
Large “other” expenses on the balance sheet: Many organizations have “other expenses” that are inconsistent or too small to really quantify, which is normal across income statements and balance sheets. If these “other” line items have high values, then you should find out what they are specifically, if you can. You’ll also want to know if these expenses are likely to recur.
Unsteady cash flow: Cash flow is a good sign of a healthy organization but it should be a flow, back and forth, up and down. A stockpile of cash can indicate that accounts are being settled, but there isn’t much new work coming in. Conversely, a shortage of cash could be indicative of under-billing for work by the company.
Rising accounts receivable or inventory in relation to sales: Money that is tied up in accounts receivable or has already been used to produce inventory is money that cannot generate a return. While it’s important to have enough inventory to fulfill orders, a company doesn’t want to have a significant portion of its revenue sitting unsold in a warehouse.
Rising outstanding share count: The more shares that are available for purchase in the stock market, the more diluted shareholders’ stake in the company becomes. If a company’s share count is rising by two or three percent per year, this indicates they are selling more shares and diluting the organization’s value.
Consistently higher liabilities than assets: Some organizations experience a steady stream of assets and liabilities as their business does not hinge on seasonal shifts or is less affected by market pressure. For companies that are more cyclical (i.e. construction companies during the winter months), however, it’s possible that its liabilities will outweigh its assets. Technically, this should be something the company can plan around, thereby decreasing the discrepancy. If a company is consistently assuming more liability without a proportionate increase in assets, however, it could be a sign it is over-leveraged.
Decreasing gross profit margin: As this measures a company’s ratio of profits earned to costs over a set period of time, a declining profit margin is cause for alarm. The profit margin must account not only for the costs to produce the product or service, but the additional money needed to cover operating expenses, such as costs of debt.
Analyzing a company’s financial statements, whether you own shares or might invest in it later, is a valuable skill. Take the time to really delve into financial reports and see what types of red flags you identify. Being able to understand the intricacies of a company’s finances is just one more way to ensure success.

fxuser:
Nestle

- breaking below the 200dma (already below the 50dma like most stocks)
- weekly RSI breaks below 50 (no more institutional support)
- further downside expected

note:
big caps under much bearish pressure !

fxuser:
GTB
- N27 is ard -17% ** away from here ! !

Another angu: at N27 dat wud be ard a -50% drop from Jan highs wh most lower caps hv already fulfilled

#JustObserving up&dan

@fxuser what is your background academically? I think you would have made a very good doctor. You have the uncanny ability to tell a patient he/she is dying from a terminal illness in such a way without the patient feeling terrible about it

#studymode

Retracements Versus Reversals
Retracements are temporary price reversals that take place within a larger trend. The key here is that these price reversals are temporary and do not indicate a change in the larger trend. A reversal, on the other hand, is when the trend changes direction, meaning that the price is likely to continue in that reversal direction for an extended period of time.



Read more: Retracement Or Reversal: Know The Difference | Investopedia https://www.investopedia.com/articles/trading/06/retracements.asp#ixzz5QyQSboJu

fxuser:
Bear mkt

''in a bear market, downside extremes are as likely as upside extremes in a bull market. ''

-

True

yok:


See my previous posts or google http://etfdb.com

http://etfdb.com/country/nigeria/

Thanks yok

wanaj0:


NSE must collect tuition fee now!

Interesting how the mood has changed between January and now.

Dupeodus:


If you want to join me in this fight against the AIICO Private Placement, please email me at Modupe@Comcast.net. There is so much corruption going on in Nigeria's corporate governance. Retail investors should not just roll over. I have already filed a complaint against the company with the SEC but we need to attack the EGM itself.

These are the kind of shareholders we need not those that attend AGMs/EGMs to rubber stamp decisions of company boards then rush for rice and gift packs.

brandable:
People can download the ebooks from zerodha[dot]com/varsity/
Replace [dot] with .
The select the modules they want to download. Either Introduction to stock markets, Fundamental Analysis or Technical Analysis. There are about 10 different modules to download. I must commend infinitisi for sharing the ebooks. Very easy to understand ebook.

For those still asking for the book(s) please read

Fines: CBN deducts N5.61bn from accounts of three banks https://punchng.com/fines-cbn-deducts-n5-61bn-from-accounts-of-three-banks/

brandable:
People can download the ebooks from zerodha[dot]com/varsity/
Replace [dot] with .
The select the modules they want to download. Either Introduction to stock markets, Fundamental Analysis or Technical Analysis. There are about 10 different modules to download. I must commend infinitisi for sharing the ebooks. Very easy to understand ebook.

Lol I believe this was the purpose for which this thread was set up. Helping each other and sharing knowledge. Will love to see more of that and less of stone throwing