₦airaland Forum

yMcy56:
Una too like to dey argue oo
There was system glitch in Morgan or maybe on the Automated Trading Platform of NGX.

There's no way a total of 2.3m units of NASCON would have been done without a 100k moved in-between....

Check the trades for NASCON for instance and try to sum the transactions there, you'll see that some transactions were missing........this must be Cross Deals mostly.
If 100k is not moved, it won't officially move up.
Same for SUGAR and maybe some others.

Make una no vex say I too dey ask question for class.
I never knew cross deals affect market prices.
Pardon.

Pls when is UCAP result coming up.
They used to be first before now, to release resulf and corporate action.
I remember time past when I would qualify for UCAP dividend and use same money to take dividends in some banks.

yMcy56:
It doesn't work this way!
It MUST be 100,000 single unit or above.....this is what the Rules stipulates.
Cumulative doesnt count.

I guess you've been looking at intra-day high and low, which eventually won't count at the end of the day if there's no bulk transaction of 100k in single trade or crossing.

Take a look at Dang sugar and nascon trades for today. No single 100k deal but they both made 10% price appreciation. I noticed it happen on manÿ different stocks at different times.
By the single 100k rule, both ought not to move today but they did.

I do not know, but I noticed stocks move on cumulative/consecutive trade at the same price.

yMcy56:
Ok thanks.
Maybe I'll need to logout and in again.
To be sure, I used to check under "Trades" for the day.

Once there is an official change in price the day high/low will change. And I noticed official price changes even when there is no single 100k deal as long as there is 100k cummulative trades at the same price.

yMcy56:
And you can see 100k single trade?

I usually make use of the high and low for the day.

yMcy56:
DANGSUGAR and SALT
Seems it's yet to officially move for today or is it the system that's not showing it?
Both are on full bid since market resumes..

Anyone with update on this from other platform?

That's the glitch I was referring to or is it only in Morgan?

I am also on morgan, and both have moved for the day 10% up on my platform.

PETERiCHY:
How is #16.50k a bait

lol what time did you buy this?

yMcy56:
Some mop up going on in TRANSCORP PLC !
It was cleared up to 16.99 again.......from 16.03
Something is likely in the offing here...

I am really interested in knowing how many units was traded on transcorp this week. Between yesterday and today, almost 1% of the OS have been traded.

Agbalowomeri:
Na so una bait PeTEr enter trap Lol 😂

The say one day bush meat go turn to hunter.
Newbies don catch the master.

gare2510:
Same thing happening in TRANSCORP PLC; case of thunder striking your goat in the farm and pig in the house same day and time

If one is not careful, he/she will end up buying high.

Them go soon tell us say this one na glitch

No doubt there is accumulation going on in transcorp. Is it the effect of the transpower or is there something else?

BigBashiru:
DANGOTEFOODS is not listed yet. What is the list date?

No one knows. The truth is that the listing might come like a thief in the night, the way transcorp took all of us by surprise.

Transcorp should also list transAfam power plant. Lol. Market go just close.

Mecure wey we dey queue for that time.
So na only 15kobo dem fit pay.
Thus life...

yMcy56:
Morgan Capital Securities Limited
Or
Atlas's Portfolios Limited

You for add say morgan is better.

yMcy56:
Lol. You should have started picking in tranches from 50.....

I wish I did. I placed the money on the Transpower queue just in case, with the hope that Nason will still fall today.

yMcy56:
SUGAR full bid @50.60
SALT full bid @47.65....
TRANSPOWER full bid @351.30

ZENITH @34
FBNH @34.25
GT be expecting Elephant

Following yesterday's full offer on Nascon, I really wanted to buy today's low, believing it would be on offer again. This market self.

251million units of transcorp traded just this morning. Na wa oh.

ndept:
it may still close today on bid today.

so its best to buy and make 20%.
I think its possible. I added some to the little units I have.

Transcorp on full offer.

Tpharell:
N351.3 today

Lol. Everybody want bid first. I pray you get it today. But the brokers appear to be a priority and it appears they will be the ones to resell to us.
I am more interested today in the lowest price Nascon would sell.

This people want spoil market for person.

yMcy56:
He didn't run!!
His bid was there and part of it filled.
Once part of it were filled, the bid went to the last on queue but still the first getting filled. About 57million was still left when I stopped checking it.

I even wanted to come and post when some were filled, that it means the bids were real!!

You for put this post in form of question to avoid misguiding.

Transcorp did a total of 67million units today. As at the time it got to his turn, transcorp had already done 57million units. So its not possible he got 66million units today.
From your post, its possible he got some units and withdrew his bid before replacing it so that it appeared below the rest. But 2hy would he do so?

I am in transcorp, I have no reason to deceive anyone.

chimex38:
A single session of ₦56,970,000million was traded
I believe it may be part of the ₦66million you saw.

Or is it different?

66million units bid, not 66million Naira.

There was no single deal on transcorp up to10million units today.
I watched as it got to the turn of the 66million units then it was removed, just when I was about to post that it was his turn.

Transcorp 66million guy ran away once it got to his turn. E be like manipulations dey this thing oh.

So Transcorp sold 43million units of transpower. Our accountants in the house, Pls where will the money go to?
Abi dem go use the money pay us special dividend?

Salt still dey fall lol. Some people go sell and comeback to buy high.

Princkez:
TRANSCORP...that single bid of 66m units ,money is talking..

Lol. That one na road block. Anybody wey dey under/after that bid can only pray or comeback tomorrow

Streetinvestor2:
How did you arrive at that.it is about 3.8 billion to transcorp and not all

Sorry my error. I used the entire transpower share. It should be around 94 or there about. Thanks for noticing.

Streetinvestor2:
The maths in this article is wrong.TPl has Os of 40 billion. How does 3.9 billion translate to 500 plus unit


It should be round 97 TPP units tnoo 1000 Transcorp plc

187 Units of Tpower to 1000 units of transcorp

Deadlytruth:
It appears so to me too considering the traction which Transcorp is getting from Transcorp Power.

It is actually so, but... just imagine owning something and not being able to touch it even if you want to.

yMcy56:
Lol. So it can get to 3k quickly

As for bid/offer, yes, the bids are more that what Morgan is showing.
[b]Morgan only showing bids from 1-100 but it's more than [/b]that.....but I don't have the actual figure.

Also, the line is not moving because most of the trades we are seeing are more of Cross Deals and are not selling on the floor........I think the only time a major floor sales was carried out was the time they distributed for those on queue too........aside few ones being thrown to the floor now, most are Cross Deals.

Its not fair. They are giving their clients false hope by only showing a portion of the entire bids of transcorp power while showing the whole over 150 bids of other companies.
Some will sell other stocks in order to queue for transpower thinking there are only few bids.