₦airaland Forum

Agbalowomeri:
This reminds me of olden days in the village. The rich man in the vicinity will wake up and fill the neighbourhood with car engine noise in the name of warming, whether going somewhere or not

Hahahahahaha. I remember this scene vividly. The days of Mercedes 230E and Peugeot. That's how they will be disturbing my neighbourhood with 'warming' not knowing they are going now where.

FTNCocoa is trading today. Grab your copy(s). Don't bother thanking me. I am just joking o. Pls do your due diligence.

Market has been trading at a range. We need Something to hit it up.

Access and UBA seems to be warming up their engine for a brief take off. I hope the engine doesn't fail.

The potholes are not even big and deep. They are enjoying. Come to some part of this world called Nigeria and see burrow pits on our roads. The ones that swallow buses.

Good they are registering their displeasure.

Some people are buying Dunlop already. The days ahead will be very interesting.

[quote author=RabbiDoracle post=65215352]Ooni of Ife's brother hosted them.

It should be that ethnic-related bank. My thinking o.[/quote

I suspect it is Skye bank. Ooni of Ife's brother is in-charge of PrimeWater Estate. They have big properties on Lagos Island.

dipoolowoo:
New CBN Rules: See Banks That Won't Pay Dividends to Shareholders
https://www.businesspost.ng/2018/02/19/new-cbn-rules-see-list-banks-wont-pay-dividends-shareholders/

Access Bank doesn't seem to be doing badly. UBA is also improving in it ratios. GTB and Zenith are the industry leaders.

Some insurance stock are beginning to look tempting.

Yesterday's bull caught a lot people unaware.
Thing is, nobody knows what time has in stock. We can only speculate and predict with the information at our disposal (TA, FA)

When we offer our opinion, we need to be constructive. I love guys who gladly share what they know without subjecting people to emotional swings. People like BearBullMkt, Fxuser, Pa Emma, deserve a medal.

Yesterday, BBM dropped a post yesterday and before the close of the day, market has changed gear for good. Call it sheer luck or coincidence but I 've observed this coincidence couple of times. I wish to get to a point where my posts can actually help people make sound decisions.

Let's see what the rest of the week holds.

Key lesson; sometimes you need to obey your inner voice. This has worked for me most of the time.

Let's go fishing. Money beckons.

sellydion:
Bro there is no opportunity now. May be latter sha. This is very deadly.

Hahahahahahaha. Let me be preparing for the next dive in. Money must be made.

Herdsmen have invaded NSE. Killing and maiming any stock in sight.

With the way market closed today, selling pressure may continue.

Let's see how events proceed from this point. I see another opportunity though.

There might be a rebound 2morro. Sellers might likely get tired. Undervalued equities may rally.

Let the results start dropping first. Looks Iike all d companies are doing first to blink.

uuspace:
It is a pity, when someone is giving u advise to protect ur investment capital u prefer to criticise. Check historical data most stocks on NSE hit their peak in january. The next rise will be around march then a dip after.

Oracle is trying to let people know that they should be careful in buying but u prefer to say what u are saying. If he keeps quite he will still be critisized

There are many newbies here. Abi is tjis not why we are NSEMPA

Thank you. But how many times do you give the same advice? Meanwhile, I 've never seen this moniker here. How are you sure the next rise is in March? Are you Mr Market.
Speaking your mind is important, but making another person look stupid for not selling like you is unbecoming.
Are you saying someone that is knowledgeable enough to buy a particular stock doesn't know what to do at the appropriate time?
Have a great Tuesday.

RabbiDoracle:
With Dow falling this much Nikkei index will be bloodied this midnight.

People must have been warming up to sell everything and exit the market.

I too like herds. They just help people damage the market.

Oga, is it because you sold your stocks that's why you are just bearish every where. Check your last 10 posts. It's been about the sky is falling, dominoes effect, market crash etc. Pls leave us to enjoy our bear at least we bought it with our money, while you wait for the next bull.

Before you sold, you were not an alarmist.

Let everyone stick to what works for him/her. Even the stocks they are rejecting today, they will come to look for them at a higher price. Shalom.

I think we are missing Peteriech dooms day prophecy. Where act thou?

Next rally pls?

UBA and Access Bank seem to have been carved out from dsame wood. Looks like they 've same investors.

flgd:
Please do i qualify for dividend and bonus if i purchase access and gtb shares today

Yes. You are eminently qualified. Even if you buy after results are released before closure date.

We know they are already here. More will come.

Foreigners Pile Into Nigerian Stocks, New York ETF as Oil Climbs

By Paul Wallace
January 29, 2018, 6:23 AM EST
Easing dollar shortage has also helped boost sentiment
December was best month for Nigeria stock inflows on record
Nigeria’s stocks have been among the world’s best-performers in the past four months, and foreign investors are a big reason for that.

Net foreign inflows to Nigerian equities totaled 337 billion naira ($940 million) last year, the first time flows have been positive since at least 2013. December was the best month since Bloomberg started compiling data at the beginning of 2014, with net inflows of 140 billion naira, signaling a switch in sentiment toward equities in Africa’s biggest oil producer.


Nigerian equities have gained in allure for international traders, thanks to the rise in Brent crude prices to around $70 a barrel and an easing of dollar shortages, which are helping Africa’s largest economy recover from its worst slump in 25 years. They’re also attracted by what remain among the cheapest valuations on the continent.


READ: The World’s Best Stocks May Gain Even More If Oil Holds Up

The turnaround has seen investors pile into the New York-based Global X MSCI Nigeria ETF this year, too. That’s increased the exchange-traded fund’s market capitalization to almost $100 million, triple the size of a year ago.

When the sellers you saw today refuse to sell in 2 days time, just know it is all emotions. That is what the market is built on.

Just operate the strategies that suite you. I know some people here are already sitting on paper losses because of their entry price but they will not be moved.

The tide will change soon. Sanity will come to the market. The companies that hold real value for investors will appreciate substantially. 2018 is still promising.

currentprice:
http://www.nse.com.ng/Financial_NewsDocs/20716_NEIMETH_INTERNATIONAL_PHARMACEUTICALS_PLC_FINANCIAL_STATEMENTS_JANUARY_2018.pdf

It is a loss hit back to back. And this company appreciated during the bull.

150million shares of Transcorp has been done on cross deal this morning. There is no telling where this one is headed for. May be #5.

The big seller of Access shares seems to 've retreated a bit.

UBA also waking up.

GTB is leading the way this morning.

This is the time to probably increase your position size in UBA and Access Bank. It is going to be a bang very soon.

Ensure you do your DD too.

There is actually a strong interest by investors in Access Bank. It has done more volume than FBNH and UBA and has equally received more cash inflow than both banks in the last 6 trading days. The sell pressure has just been huge.

Profit taking might start tomorrow. Traders are likely not going to be patient until Friday.

Zhirinovsky:
My brother, depends on your trading aim. If you are here to make something out of little or nothing, better get off your stocks and join the ones moving forward. you can join them during pullbacks or otherwise. Dont forget to be online 24/7 wit your fingers on the sell button if you notice any suspicious movement or you can just jump out after 10 or 20% profit. In the other hand, if you are trading to preserve an already accumulated wealth then stay put on the stagnated stocks.

I am not bothered by the big moves. Only time can clarify . My stocks have given me some decent returns. I can only wish they do better.

It takes extraordinary patience to watch your portfolio stagnated for weeks while that of others are swelling by the day. When you look at now, it is like there is nothing to buy anymore except the stagnated stocks.

It will all end in praise.

The guy selling Access Bank is on another level. He should just do a cross deal at whichever price he wishes.

This story was made up. It is so fake. Pls Nairalanders, always read a story well before you comment.

If you believe this, you will believe anything.

Someone who was taking flight to see bae was also soaking garri. So bobo was travelling every weekend? Bloggers and attempt to get traffic are like 5 and 6.

DeRuggedProf:
I am highly dissapointed in ALL of you putting YAYIRA on FULL BID.
Can you conjecture and parameterize her fundamental or technical zone?
Has currentprice or pluto09 given us her fair price?
Has BBM or FX confirmed if she is truly breaking out or consolidating where she is?
I will not hear of fake out tomorrow abi?

Only you can mix words like this. You will make a good satirist. Meanwhile, what is TA truly saying about Yayira?

There is a very strong investors interest in Diamond, FCMB, and First Bank. Today's end of trade showed it all. I think there is still some upside in these banks.

As for UBA and Access, I don't think there time is now, at least until we start seeing very strong interest in them from investors.

You can't predict human behaviour. The market collapsed like pack of cards in just few minutes. The domino effect cut across board.

The principle of planning your trade and trading your plan holds absolutely.

I see a lot of 'follow follow' on this NSE. A lot of are not driven by core foundamentals of the market but largely the herd effect.

I believe the market still has a lot of room for movement.

Traders usually sell today. So I am red on most counter.
I could be wrong.

NSE May likely hit 50k before any major reversal.

The way Access and UBA are moving in this bull is rather too slow. Patience is usually key, but once the bull ends it is usually difficult to do a solo upward move.

DF and DS are no more finding it easy. Even Nascon has gone ahead of DS.

The movement we have been waiting for just started. 2014 on repeat.

Access and UBA seem to calling the last passengers. Any time soon, the upward movement will commence. Look First bank catching up with them. It tells me they will take off too.

....And the pull back happened. This place is going to be calm for a while. This is the time to position for the next move.

Keep your eyes on the ball.

Access Bank is still one of cheapest in the banking sector. I think they will come for it any time soon. Keep an eye on this.

Looks like the big money guys are not chasing the big cap stocks yet.

Happy New year great people. This is going to be our year of super riches. Make sure you savour the bulls as they come.

Dangote Flour, Nascon, Set To Join NSE-30 Index
December 17, 2017 • By MeekGee
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By OLUSHOLA BELLO, Lagos –

The Nigerian Stock Exchange (NSE) at the weekend announced the result of its sectoral index review which showed that Dangote Flour, Nascon Allied Industries, Cadbury Nigeria and Sterling Bank are to gain entry into the NSE 30 Index which holds NSE’s 30 most capitalised stocks.

The review of the market includes the NSE-30, and the six sectoral indices of the Exchange, including NSE Consumer Goods, NSE Banking, NSE Insurance, NSE Industrial, NSE Oil and Gas and the NSE Lotus Islamic Indices.

These indices are normally reviewed bi-annually in June and December except for NSE Pension index that is reviewed once annuallyin December.

According to the Exchange, the review will witness the entry of some major companies and exit of others.

The NSE 2017 Year End Index Review shows that the NSE-30 index will likely exit Seven Up Bottling Company, Oando, UACN, Julius Berger and Forte Oil.

The NSE Insurance Index welcomed Equity Assurance, Mutual Benefit Assurance Plc and Sovereign Trust Insurance and Consolidated Hallmark Insurance, while Regency Alliance Insurance, Staco Insurance, Universal Insurance and Standard Alliance Insurance gave way by exiting the index.

The NSE Industrial index parted ways with Portland Paints and Products Nigeria and DN Meyer with the entry of Grief Nigeria and Austin Laz.

Meanwhile, stocks coming in under the NSE Consumer Goods are NNFM, DN Tyre and Rubber and Nigeria Enamelware, while companies existing the index are Seven Up Bottling, Vitafoam Nigeria, and Champion Breweries

NSE Banking Indices have Skye Bank and Unity Bank coming in, while exiting from the index are Wema Bank and Sterling Bank. Also entering NSE Oil and Gas index are Japaul Oil and Eterna, while Oando and MRS Nigeria will leave the index

Under Pension Index, that is entities in which Pension Funds can be invested, incoming companies are Honeywell Flourmill, International Breweries, Continental Reinsurance and CCNN, while incoming companies under NSE Lotus Islamic Index are Lafarge Africa and Nahco.

The Exchange explained that “the NSE-30 and NSE Industrial Indices are modified market capitalisation index with the numbers of included stocks fixed at 30 and 10 respectively.

“The stocks are selected based on their market capitalisation from the most liquid sectors, while the liquidity is based on the number of times the stock is traded during the preceding two quarters.

“To be included, the stock must have traded for at least 70 percent of the number of times the market opened for business.

“Exchange is aware that the number of the stocks included in some of the indices may not be practically suitable for optimal portfolio diversification; however, the numbers would be reviewed as sector conditions change.”

The Nigerian bourse began publishing the NSE 30 Index in February 2009 with index values available from January 1, 2007.

On July 1, 2008, the NSE developed four sectoral indices and one index in 2013, with a base value of 1,000 points, designed to provide investable benchmarks to capture the performance of specific sectors. The sectoral indices comprise the top fifteen most capitalised and liquid companies in the Insurance and Consumer Goods sectors, top ten most capitalised and liquid companies in the Banking and Industrial Goods sector and the top seven most capitalised and liquid companies in the Oil & Gas sector.

With a 43.02 per cent return year-to-date, the equity market has shown signs of great positive performance so far in 2017.

The post Dangote Flour, Nascon, Set To Join NSE-30 Index appeared first on leadership.ng.



The train is about to move.