₦airaland Forum

EQUITY REPORT
The Nigeria Equities Market Records All Week Bullish Momentum ... NSE ASI Up 26bps

The Nigerian bourse sustains bullish momentum, reaching six consecutive trading days due to bargain hunting in 7UP (4.92%), DANGCEM (0.31%), GLAXOSMITH (3.26%), AIRSERVICE (9.96%) and OANDO (4.98%). Consequently, the NSE ASI (0.26%) settles at 26,235.63 and the market capitalization gained N23.82 billion to close at N9.08 trillion. Activity level was broadly strong as Volume traded (73.25%) and Value traded (20.74%) increased to 442.83 million units and N2.96 billion respectively.

The Oil and Gas Sector Index Leads The Gainers
All sectoral indices close positive as trading ends for this week, the Oil & Gas index (0.66%) maintains bullish streak, leading the gainers due to bargain hunting in OANDO (4.98%) and ETERNA (0.61%). The Banking index (0.34%) continues uptrend for the ninth consecutive trading day from gains recorded in DIAMONDBNK (4.94%), ZENITHBANK (1.57%) and FCMB (3.23%). While the Insurance index (0.58%) and the Industrial Goods index (0.17%) rebound from yesterday’s bearish positions due to renewed interests in CONTINSURE (4.46%), CUSTODYINS (5.00%), LINKASSURE (4.00%) and DANGCEM (0.31%), CCNN (3.60%) respectively. Whilst the Consumer Goods index closed flat.

Investor’s Sentiment Stays Positive
Investor’s sentiment stays positive for the ninth day in a row, as the market breadth (A-D Ratio) settles at 3.5x which is the highest recorded thus far in this year (vs. 1.8x previously), following price gains in 28 stocks against losses recorded in 8 stocks. AIRSERVICE (9.96%), NAHCO (9.92%) and FIDSON (9.72%) were top gainers, while CHAMPION (-8.94%), MEDVIEWAIR (-4.67%) and STERLNBANK (-2.78%) were top losers.

Manonamission:
Concerning the discuss on Fidson and its unimpressive audited result, I would like to add that results are not the only yardstick the market uses to evaluate a stock. Information and potential in the foreseeable future is equally important.
I actually procrastinated on a Fidson position when it was trading at about N1. I don't have any insider information but if the FGN has decided to conserve forex and instead opt for local patronage of Pharma companies in the fight against diseases outbreak, then we can expect an improvement in the fortunes of these companies (those with the capacity, qualification or required foreign partnership o). We experienced Lassa last year and now meningitis. Who are the key players in this fight against these outbreaks? Any leads?

The above could be mere ramblings that have no bearing to the happenings in the market.

But NEIMETH is doing the opposite of FIDSON.

It thing is more than local patronage

http://www.nse.com.ng/Financial_NewsDocs/18022_CONTINENTAL_RE-_CORPORATE_ACTION_CORPORATE_ACTIONS_MAY_2017.pdf

14kobo

fxuser:
NB
- breaks 125

Oga ,

What is happening to FIDSON HEALTHCARE

ugosonics:
The Presidency has confirmed that President Muhammadu Buhari will depart Nigeria for a medical leave abroad when the time is right. Personal assistant to President Buhari on social media Lauretta Onochie disclosed this on May 4th.
Onochie tweeted the information in reaction to the live interview of Adetokunbo Mumuni, the executive director of Socio-Economic Right Accountability Project (SERAP) on Channels TV’s Sunrise Daily.

Onochie says it is wrong of Nigerians to share strong opinions on President Buhari’s health when they really know nothing about it – She says President Buhari is working daily because the presidency is a team and not just about one man .

Onochie implored Nigerians to believe the submission of the president’s wife about her husband’s health because naturally she should know


https://flashreporters.com/2017/05/04/presidency-confirms-buhari-flown-abroad-treatment/

Imaging the comment coming from this woman.

currentprice:
look at this illiquid stock

That a stock is an underrated champion.

GTB showing STANBIC whose da BOSS

prettyboi1989:
so an organization doesnt have the right to set its own rules and regulations? if the organization stipulates a particular dress code, has it gone against the constitution?

And why do people after being fired, take thier former organizations to court and win.

Any rule that goes against the Constitution and human Rights laws can he challenged in court.

Even Military Courts Marshall Judgments are being reversed if it goes against the Constitution and human Rights laws.

maasoap:
You still didn't get it. Dad chased the son out of the house because they disagreed and he owns the house. Following day, the corpse of the son was found in the neighbourhood, killed by canies or ritualists. The mother, family member or concerned citizen took the father to court. Don't you think such father will spend some time in prison?

You're even going too far.

Here in Lagos, Parents are jailed over disciplining their kids.

You can report your neighbor for the maltreatment of his children and the government Will take action

mu2sa2:
If the suspended students decide to sue the university, there is no guarantee they will win, [b]because the judges are corrupt and Oyedepo(overlord of the university) is a wealthy [/b]man and in naija money can move mountains.

Undiluted Truth, even our corrupted politicians with fight to protect Oyedepo.

Just look at how T.B Joshua case is being handled.

The Pastorpreneors can't​ try this nonsense in developed countries.

I am sure that Convenant University is not even remitting their taxes

dotun365:
really?? Then the school should expel them so that they can be enjoying the freedom of thought, speech and religion from their fathers houses.

UNILAG just recalled the suspended protesting students.

Convenant is not a seminary school. The management don't have the right to deny the student freedom of thought, speech and religion

The Constitution is superior to any organizational rules and regulations.


The same government that gave Convent University license to operate can also revoke that license.

Stockbiz:
http://www.nse.com.ng/Financial_NewsDocs/18003_NEWREST_ASL_-_2016_AUDITED_ACCTS_FINANCIAL_STATEMENTS_MAY_2017.pdf

http://www.nse.com.ng/Financial_NewsDocs/17926_NEWREST_ASL_-_DIVIDEND_INFORMATION_CORPORATE_ACTIONS_MAY_2017.pdf

17.5k Div

Not bad from Airline service, though NAHCO paid 22k

Ironically you listed the sickness of other Presidents except PMB.

PMB shouldn't have criticized Yaradua when he was sick.

holm:
FCMB- Ajekun Iya

Iya gidi

BullBearMkt:
...I hope so 2, but anything can happen with CBN sanction on FX

CBN should cooldown abegi. All the reshuffling of policies everyday is not good for business.

Over-regulation is killing business .

BullBearMkt:
...from Calabar (South) go Sokoto (North), I think dem don try; make dem re-fill dem tank before Zenith catch dem

A Zenith with full tank cannot catch them .

Was hoping STANBIC will hit N30, so we can chop 100% profit.

STANBIC and GTB petrol don finish

maclatunji:
Source: http://www.opinions.ng/restructuring-nigeria-convenient-chant-political-opportunists/

@OP

The Americans and British are not better than Nigerians.

Systems, Checks and balances are the reasons US and UK is working

Nigerians are one of the most enduring poeple on Earth.
But we all know the Unitary system we have is absolutely wrong.
This is why everybody is always looking up to Abuja.

It's either we return to Regional government or give full resource control and fiscal Federalism​to the states.

Anyone as against this is benefiting from the Unitary system.

TonyeBarcanista:
Not unexpected!

The Mamman Daura led Presidency is using proxy to counter the attack on them through Tinubu lackeys. This proxy war will go on and eventually get to the open.

The best bet is for Tinubu and his loyalists to join hands with patriots in the opposition in order to effectively challenge the Abuja powerhouse. The APC structure at Federal level, including parts of SW like Ogun, Ekiti, Ondo and maybe Oyo states are already in their grasps. Already, they are building parallel structure in Lagos (led by Muiz Banire and Fashola) and Osun states.


2019 will be interesting but I stand with Tinubu

You understand the game very well.

But who in the south will join Tinubu and his gang?

2cato:
After doing share reconstruction at the ratio 6unit to 1unt thereby diluting people shares (units) union bank want to float right issue which will only have 2 days notice and closure. So if you are intrested ......

How many time will they do Right issue.

fxuser:
Unclaimed Dividend Reminder
- guess people have seen the link and done the needful
- you would get texts from NIBSS confirming E-dividend mandate status.
- Had a lot of of unclaimed stuff !
- don't forget to check

Did not get any text

ntelassist:
Your data resource is not accumulated. Hence once you buy an unlimited plan, its better to use it as the resources are not conserved for you. But are for metred plans.

There are other plans that do not have FUP applied and are equally high data. You can subscribe to such plans as ntel XL data for 25k and get 80GB. Believe me. The speed is not throttled.

Ok thanks.

But you didn't answer my question on,
why is my data plan is Smartphone promo plan, when I bought a router worth 45k + 20k(sub) from your store.i was expecting a standard data plan not Smartphone.

Will the unused 3gb per day be accumulated?

For example. My Office NTEL line has been switched off since Friday, but when I get to office tomorrow , usually between 9am - 10am the speed throttling starts, meaning i have used up 3gb between 9am- 10am.

What happens to all the unused 3gb when my router is switched off.

I suggest you just give us the standard date package and let us decide how to use it.



And why is my data plan Smartphone plan, when I bought a router worth 45k + 20k(sub) from your store.

ntelassist:
Need information about ntel product and services? we are here to support you. All fault resolution and escalation can be routed to us via our customer care on 0700-ntel-live. Now keep the questions coming and I will respond to you promptly. The official position of ntel products can change at anytime but will be communicated via this medium as necessary.

Will the unused 3gb per day be accumulated?

For example. My Office NTEL line has been switched off since Friday, but when I get to office tomorrow , usually between 9am - 10am the speed throttling starts, meaning i have used up 3gb between 9am- 10am.

What happens to all the unused 3gb when my router is switched off.

I suggest you just give us the standard date package and let us decide how to use it.



And why is my data plan Smartphone plan, when I bought a router worth 45k + 20k(sub) from your store.

Op when did GEJ made those statements.

With that Tank formation, one MOAB from the US will wipe them out.

Except they have a secured and better anti-ballistic missile .

Intendy:
FBN HOLDINGS PLC:

Closure of Register for Year Ended 31 December 2016

Proposed Dividend: 20 Kobo per share,

Proposed Bonus: Nil,

Closure Date: 8th – 12th May 2017,

AGM Date: 19th May 2017,

Payment Date: 22nd May 2017,

AGM Venue: Zinnia Hall, Eko Hotel & Suites, Victoria Island, Lagos

Where are those saying 15k

Tritri:
You sold with a loss ? I cant ooh..i will wait till it bounce back ..Oga locodemy only sold half of his portfolio.

How did I sell at loss.

When I sold around 1.10

And what is wrong with that.

Cashless policy is also affecting the Church.

Omo onile