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 Investment › Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by jaybee3(m): 6:16pm On Jul 09, 2015 |
IBBG:Nigerian stock index is not traded in Nigeria alone Do you understand the concept of EFT? |
| Investment › Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by jaybee3(m): 5:07pm On Jul 09, 2015 |
Whynotthetruth:I like being Intellectually challenged so no issues. Stay blessed |
| Investment › Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by jaybee3(m): 4:56pm On Jul 09, 2015 |
Whynotthetruth:I could place a bet that you were probably still in secondary school when i was actively trading So please make it a Yes Yes You think i'm one of those that can talk the talk but won't be able to walk the walk? Anyhoo, i will let you off Ciao 2 Likes |
| Investment › Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by jaybee3(m): 4:52pm On Jul 09, 2015 |
Whynotthetruth:You backing down? |
| Investment › Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by jaybee3(m): 4:50pm On Jul 09, 2015 |
Whynotthetruth: jaybee3: |
| Investment › Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by jaybee3(m): 4:48pm On Jul 09, 2015 |
Whynotthetruth:You called me out and i ain't hiding so why are you running? Why don't you tell me how they are closely correlated 2 Likes |
| Investment › Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by jaybee3(m): 4:40pm On Jul 09, 2015 |
Whynotthetruth:There are various factors affecting equities and it isn't restricted to the emerging markets. China is slowing down Greece is lingering America is not growing at the predicted pace There is an obvious knock on effect on with a slow down in major economies such as their inability to by commodity (Our key export). If Nigeria's stock index is heavily weighted by energy stocks then surely that will weigh the market down , No? 3 Likes |
| Investment › Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by jaybee3(m): 4:36pm On Jul 09, 2015 |
Whynotthetruth:Dude, so because garri isn't quoted on the exchange mean price of food isn't being directly correlated with price movement in the stock exchange? What affects the price of food? Commodity and transport stocks right? So that has no knock on effect? Are you listening to yourself? 1 Like |
| Investment › Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by jaybee3(m): 4:32pm On Jul 09, 2015 |
Whynotthetruth:The Fundamental Issue Ultimately, a currency fluctuates based on supply and demand characteristics. When more investors demand a currency, it will likely strengthen relative to other currencies. When there is excess supply, the opposite is true. This fundamental principle, however, is influenced by a many factors that lead to constant currency fluctuations each and every day. It is beyond the scope of this article to discuss many of these factors. The focus will be on how equity markets can provide an insight into the foreign exchange markets. A Global Game The foreign exchange markets are truly a global market, bigger than any other securities market. So when thinking about equities and their influence on forex markets, you truly have to think globally. The best companies to consider are naturally the ones with international operations that transact in various currencies. For example, as the biggest retailer on the planet, Wal-Mart deals with foreign exchange issues just as much as any other company you could think of. Another great name is Coca-Cola. These global consumer stocks transact with consumers all over the world and provide the best corporate glimpse into the forex market. The commodities market can also be useful with respect to the forex market. Consider the main global commodity, crude oil. Global oil prices are denominated in U.S. dollars. As an example, the price of oil can spike because the value of the U.S. dollar declines relative to major global currencies. So the price of oil has to go up in order to equalize the price that other foreign countries buy in their home currencies. While other global commodities – sugar, corn, and wheat – offer similar insights, oil is the most significant commodity that relates to the foreign exchange markets. A major equity market can also influence forex markets in another way. A weak currency favors exporters in that particular country. When your domestic currency is weak, exports are cheaper abroad. That helps fuel growth and profits of those exporters. When earnings are growing, equity markets tend to do well. Of course, the situation is most likely to occur in equity markets backed by the major global currencies – the U.S. dollar, the yen, the euro, the British pound, etc. (To learn more about commodities prices can affect global currency, read Commodity Prices And Currency Movements.) Looking Forward Because foreign exchange markets are dynamic and fluctuate very quickly, most industries serve as lagging indicators for the direction of forex markets. It's not until a company reports its earnings that one begins to know the effect of currency movements. Often, the company's results will be vastly different than analysts' estimates when forex has played a major role. It is at that point that investors can analyze the comments from management with regards to the future outlook of currency fluctuations. Things to look for are any indications of hedging strategies that a company will take going forward. Trying to differentiate what types of assets – hard or soft – best identify forex movements is meaningless. Rather, what is important is the necessity of the asset. Things like food, gasoline, and medicine would be more useful than clothing or jewelry. A company like Kraft, which sells food on all over the world would be more useful than Tiffany's, the iconic jewelry store retailer. Government Involvement One would think that global financial institutions would serve a meaningful purpose in forex markets. They do in the sense that they help facilitate forex markets. But in terms of identifying direction, remember that the value of their main material – money – is influenced by government policy. Unfortunately, equities don't provide any meaningful leading indicators. The value of money is determined by its supply and demand, which is generally determined by government via interest rate changes or other policy movements. Trying to use equities as a leading indicator would not be wise when governments can influence movements at will. The reality is that equities alone are not a prudent way to predict the direction of currencies. Government balance sheets, monetary policy and interest rates play a major role in forex markets. Recent U.S. history serves as an important example. As a response to the 2007-2009 financial crisis, the Federal Reserve significantly increased the money supply by buying over a trillion dollars in bonds. While this program - commonly known as quantitative easing - helped the economy out of the worst recession since the Great Depression, the dollar weakened significantly against a basket of global currencies. This dollar weakening occurred even as U.S. equity prices surged from 2009 to 2011. (To read more on the financial crisis, see The 2007-08 Financial Crisis In Review.) http://www.investopedia.com/articles/forex/11/how-equities-affect-fx-market.asp 1 Like |
| Investment › Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by jaybee3(m): 4:14pm On Jul 09, 2015 |
CHANCEMAN:Who are the biggest investors in the Nigerian stock market? |
| Investment › Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by jaybee3(m): 4:13pm On Jul 09, 2015 |
Whynotthetruth:Are you dense or just plain stupid? So if stock A was selling for N20 per stock pre election but now selling at N15 per stock post election due to the uncertainties, don't you think the correction is producing a perfect avenue for re-entry into the market? The value of Naira is still the same for Nigerians. It only becomes expensive when they have to rely on imports. Has the price of food changed? Has the living standard changed Has Inflation changed for upward movement as a direct result of the devaluation? I'm no economist but engage your common sense bro |
| Politics › Re: Lamido & Sons To Be Remanded In Kano Prison by jaybee3(m): 4:00pm On Jul 09, 2015 |
anonimi:Let's not consider the merit of similar cases since outcome of any court proceedings solely rely on merit of the argument being put to scrutiny in front of the presiding judge. Rich people are usually able to get away with murder because they can afford the best lawyers not necessarily because they can buy justice. He was probably remanded because he could have disappeared or whatever. We don't have the details so we can't speculate I just want us to focus on the charges he is facing for now |
| Politics › Re: Killing People While Shouting Allahu Akbar Is Not Islam – Buhari by jaybee3(m): 3:53pm On Jul 09, 2015 |
Muslim leaders ought to do more by denouncing Jihad or whatnot It's counter productive asking the uneducated lots that are liable to be brainwashed to simply follow what the holy book says without them actively explaining to them that it has to be related to the current dynamics of the society we live in. I'm sorry they need to do more period! 2 Likes |
| Politics › Re: Lamido & Sons To Be Remanded In Kano Prison by jaybee3(m): 3:47pm On Jul 09, 2015 |
anonimi:He is being remanded in custody not sentenced Why do you always close eyes then deliberately point at others when being challenged? Have they stopped wike from probing Amaechi? BTW: What's with your obsession with posting gifs/clips/articles with no relevance whatsoever with topic of discussion. You deliberate tactics to divert attention won't work with me. Stay on topic and let's iron this shyte out Do you think Lamido being arraigned and denied bail is a step in the right direction. If you don't, tell us why! 4 Likes |
| Investment › Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by jaybee3(m): 3:40pm On Jul 09, 2015 |
Whynotthetruth:We are talking about the Naira here dumbass FX is not directly correlated with the Stock market Come back next time so i can school you 2 Likes |
| Politics › Re: Lamido & Sons To Be Remanded In Kano Prison by jaybee3(m): 3:38pm On Jul 09, 2015 |
anonimi:What exactly were you insinuating about your brainless vengeance comment and annoyingly trying to tie the judgement with lamido's refusal to join the G7? Was he guilty of getting kickback or Not? Should he be getting kickbacks for contracts awarded Should public servants be deliberately interfering with bidding processes to enrich their pockets? They get kick backs and wickedly share the disbursed funds or deliver substandard projects just so they can enrich their pockets. Why won't you ever stand for what's right in your pathetic life? 2 Likes |
| Celebrities › Re: Babatee Replies Yetunde Bustline, ‘You Asked Me Out, Begged Me to Marry You' by jaybee3(m): 3:31pm On Jul 09, 2015 |
Despicable lot Shior Tufiakwa 4 Likes |
| Investment › Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by jaybee3(m): 3:28pm On Jul 09, 2015 |
ddami:It's an open secret that we have to diversify the economy. No wonder PMB has been going on about tapping into our mineral resources All is well 1 Like |
| Politics › Re: Lamido & Sons To Be Remanded In Kano Prison by jaybee3(m): 3:21pm On Jul 09, 2015 |
gsalvatore:Perhaps Mr Nnamani pleaded guilty as charged and offered to relinquish the stolen assets. It's pretty obvious Lamido is challenging the charges and probably deemed as one who may flee hence the no possibility of having bail as an option |
| Investment › Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by jaybee3(m): 3:07pm On Jul 09, 2015 |
ddami:Weak naira is actually good if we are an exporting Nation but very bad if we rely on imports Why do you think the Chinese deliberately manipulate the Yuan. They do so to have an advantage since they are a manufacturing giant and other countries wouldn't be able to compete with them. Same goes for the Yen that was massively re-engineered through consistent currency buyback 2 Likes 1 Share |
| Investment › Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by jaybee3(m): 2:54pm On Jul 09, 2015 |
| Investment › Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by jaybee3(m): 2:25pm On Jul 09, 2015 |
hamilton62:What are you saying? Devaluation is meant to maintain parity not protect You still don't get it do you? |
| Investment › Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by jaybee3(m): 2:23pm On Jul 09, 2015 |
Firefire:Way forward his re-invigorating the economy Export our way outta trouble That should bring about double digit growths Demand for Naira will make it strong |
| Investment › Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by jaybee3(m): 2:14pm On Jul 09, 2015 |
Firefire:Naira is junk because it's largely politicized instead of being correlated with economic realities. You can't have confidence in a currency that's constantly manipulated Ya dig? 1 Like |
| Investment › Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by jaybee3(m): 2:06pm On Jul 09, 2015 |
Firefire: jaybee3:We are saying the same thing |
| Politics › Re: Lamido & Sons To Be Remanded In Kano Prison by jaybee3(m): 2:04pm On Jul 09, 2015 |
Make them chop enough beans before they get re-arraigned We all know how these thieves usually get the option of fine |
| Investment › Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by jaybee3(m): 1:57pm On Jul 09, 2015 |
Dollyak:Any price movement in the Naira is the responsibility of the INDEPENDENT CBN. Absolutely nothing to do with the president Yes, the delay in his appointments may have affected the stock market since it's closely linked with business confidence and having uncertainties surrounding government policies ain't something any responsible big investor would delve into. FX and stock are 2 different things entirely. They are loosely correlated 1 Like |
| Investment › Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by jaybee3(m): 1:52pm On Jul 09, 2015 |
hamilton62:You want to tackle me? Are you sure about that? Think again and let me know your final answer Here is a bonus for you to ponder on. We (CBN) have always pegged the Naira back using our foreign reserves. How would we be able to keep pegging it back if the reserve has dwindled and the price of crude has crashed ? |
| Jobs/Vacancies › Re: My Interviewer Got Shocked With The Way I Described Myslf When Ask To........... by jaybee3(m): 1:48pm On Jul 09, 2015 |
queensmith:He reverted the moderator's action so the thread is now locked instead of being hidden Just imagine the criminal making such outrageous demands |
| Politics › Re: SOME SHOCKING CBN Revelation(open Letter To Nigerian Youths,news Media ) by jaybee3(m): 1:45pm On Jul 09, 2015 |
Source pls |
| Investment › Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by jaybee3(m): 1:40pm On Jul 09, 2015 |
Dollyak:How? |
| Investment › Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by jaybee3(m): 1:34pm On Jul 09, 2015 |
Detayo7:No it's not. No amount of confidence as a direct result of appointment of ministers will help steady the ship. We need to re-invigorate our economy and stop relying on the black gold as it's simply the ONLY way out 2 Likes |
...That's a big NO to me...
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