₦airaland Forum

samarine:
I just woke from where I am and based on dream analysis, today/weekend mark the end of the reds.
Take this to the bank

Harddiskng:
Omo market sweet

I con be like person wey dey buy condemn

I dey buy am for everthing, you no want am faa minus 10% i buy

Beeron:
The reason for the decline is in plain sight. Correction mixed the implementation of T+1 and retail Investors greed. And I will explain why.

So why do I say so?

The last brief correction we had was back in October and November which was majorly as a result of the poor communication about Taxing the stock market, foreign investors were unsettled by it which spooked retail investors hence the brief correction. Fine and good.

Things began to shape up around late December, it was a good run in January and suddenly February came: Breaking news —(Pension fund can now invest in the stock market)

At that point, It was a rush to accumulate as much as you can accumulate, if you check now and look back to some not so good performing stocks, they came alive back in February buying spree even Oando, basically they did a rally and lost momentum.

Actually, large cap should follow that patter to correct a little in March. I was expecting that to happen. But to my surprise, something else happened.

Tick Tok, X, Nairaland and other social media began to hype how they making money in the stock market, most people turned to financial influencer and that was when the second phase of buying bagan in late March into April.

I also noticed a pattern that was happening, which barely happen in NASDAQ and NYSE and what was that?

Nigerians keeps buying even after most large cap stocks reached overbought level just like Tulip bubble in Holland. At the point, I became fearful because even Institutional money kept up with that unprofessional trading technique.

When things was about to cool down, Iran and US war began which now made the oil sector joined the group chat.

I swear to god ( funny how I am swearing to god eventhough I am Atheist lol) anyways, I swear I never thought ASI will get to 250k, the shit blew my mind because all I was seeing on my trade chart was Tulip bubble.

Now the bubble finally poped and you telling me you don't know what caused it?

ogawisdom:
ZENITH will certainly stay below 100 tomorrow, already touched 99.70 today, when i predicted it in April many people laughed it off, the way it is going even sub 90 is possible.

let me get ready to take a second tranch of Zenith as i continue to observe the dip getting dipper, dippest

Except an institutional investors or HNI enters the market this is far from over. The confidence in the market is LOW because of too many ignorant investors doing herds mentality .

SonofElElyonRet:
Buy the dip
Thank God say I don exit everything save some Ellah and Japaul.. still in the green.. no be me una go take hypertension kill

yMcy56:
These ARADEL guys are really vexing....
Who vex them like this?
Thank God it's not OANDO, the pages of this thread for don almost reach 2000 by now....😁

Anyway, ARADEL is presenting very good opportunities as from today sha....
Serious bargainers should be picking....
Not talking about Peter's bargain hunters o.

This ARADEL is still going back to 1900/2000.....
The big players are also watching as you're dumping it....

*At this point (@ today's low), I won't advice anyone holding it to sell again.....
If you have funds, keep watching it in order to pick more.....
** Remember this is still my opinion and you're the CEO of your portfolio.

guyzgirl:
This is not as beautiful as it looks.

The entirety of the “turnaround” is from disposal of assets, that is not a turnaround, but a one-off, which can even signal more problems as those assets are no longer available to generate income. When normalized, for the core operations of the business, the result is largely flat.

PETERiCHY:
The BONANZA ends TODAY with the month of JUNE,

TOMORROW being 1st of JULY we MOVE

BARGAIN HUNTERS TAKE NOTE

Oasisblue:
This is my biggest lesson on the NGX this year- my 3rd year of active investment. Going forward, I will act more like a trader than a longterm investor. It is too painful seeing your gains eroded daily.

toyeoye:
🚨 The biggest stock on the NGX just hit LIMIT DOWN.
MTNN is down 10% to ₦747, wiping off ₦83 per share in ongoing session.
When a ₦17.4 trillion giant is locked at the floor, the whole market feels it.

Agbalowomeri:
Hope Una portfolio still dey collect

presiade:
No. That was for the interim dividend ‘26. The qualification date for FY ‘25 dividend is July 3, 2026.

presiade:
People positioning for the FY ‘25 dividend qualification date. That volume was mostly through cross dealings, though.

Oasisblue:
DangSugar price approachign the RI price. Dudes would be wondering if they should have just bought on the NGX platform.

Ocallen:
Look who is here. You are a little late.

StockBaron:
You can always find good analyses here na.

https://www.cowryvest.com/

https://www.ngxforum.com

https://proshare.co/

Have a profitable week everyone.

Beeron:
lol I laugh at this, Track Seplat Volume this week. Something fishy is going on. Smart money are selling but they doing it in such a way that they don't want to crash the stock suddenly. That's the reason for the fishy volume changes this week.

Agbalowomeri:
I don get PA

What God cannot do.............

egojeny1:
Bro, pls any hint why PZ has been on full offer for days now?