rmx:


6.29 billion

Imagine

Stanbic IBTC Asset Management is the biggest fund manager with over N400 billion under management having just N6.3 billion in their equity fund.

FBN Quest Asset Management is the second biggest with over N250 billion under management having just N600 million in their equity fund

United Capital Asset Management is the third biggest with about N200 billion under management having just N1.4 billion in their equity fund.

Total fund under management by all the Mutual Fund Managers in Nigeria is over N1.6 Trillion, the amount allocated to equities is less than N40 billion.

Total fund under management with Pension Fund Managers is about N12.5 Trillion, the amount allocated to equities is roughly N500 billion.

I don't have the figures for the Insurance companies, I am sure less than 5% of their funds are in the equity market.


Keep on watching the percentage increase in the funds allocated to equities by Mutual Funds, Pension Fund Managers and Insurance companies, may be that will give us an idea of when things will turn around.

emmanuelewumi:


Imagine

Stanbic IBTC Asset Management is the biggest fund manager with over N400 billion under management having just N6.3 billion in their equity fund.

FBN Quest Asset Management is the second biggest with over N250 billion under management having just N600 million in their equity fund

United Capital Asset Management is the third biggest with about N200 billion under management having just N1.4 billion in their equity fund.

Total fund under management by all the Mutual Fund Managers in Nigeria is over N1.6 Trillion, the amount allocated to equities is less than N40 billion.

Total fund under management with Pension Fund Managers is about N12.5 Trillion, the amount allocated to equities is roughly N500 billion.

I don't have the figures for the Insurance companies, I am sure less than 5% of their funds are in the equity market.


Keep on watching the percentage increase in the funds allocated to equities by Mutual Funds, Pension Fund Managers and Insurance companies, may be that will give us an idea of when things will turn around.

The situation is very interesting and seems somewhat complicated. Due to the previously high risk-free rate from government securities, it made little to no sense for institutional investors to allocate a significant amount of capital to equities because the risk-adjusted returns were not too attractive. But as of now, the stop rates on T-Bills are far lower than inflation such that the real returns are negative, so one would expect increased participation in stocks by the institutions. At the same time, these low rates aren't necessarily sustainable and everybody is expecting interest rates to rise in the medium to long term and that will likely cause allocation away from the stock market. Unless the market can continue generating the kind of returns it did last year, I'm not sure that institutional investors will be too eager to change their investment philosophy

erwinschro:


The situation is very interesting and seems somewhat complicated. Due to the previously high risk-free rate from government securities, it made little to no sense for institutional investors to allocate a significant amount of capital to equities because the risk-adjusted returns were not too attractive. But as of now, the stop rates on T-Bills are far lower than inflation such that the real returns are negative, so one would expect increased participation in stocks by the institutions. At the same time, these low rates aren't necessarily sustainable and everybody is expecting interest rates to rise in the medium to long term and that will likely cause allocation away from the stock market. Unless the market can continue generating the kind of returns it did last year, I'm not sure that institutional investors will be too eager to change their investment philosophy

I have started adjusting my portfolio by December, I should have 30% in fixed income, 10% in REITS and 60% in stocks basically dividend paying that have been consistent in dividend payments for the past 10 years

The value of the naira to the dollar fell from 196.99 in December 2015 to 410 in April 2021, reflecting a 51.95 per cent decline despite the various foreign exchange policies introduced by the Central Bank of Nigeria to strengthen the currency.

https://www.nairaland.com/6603927/naira-tumbles-51.95-despite-cbns#102738318

yields from many invested entities in the last 10 years are of little value to many holders of such stocks today

The present inflationary trend and currency devaluation compound the woes of many investors in traded equities on the Nigerian stock market, as many shares are currently selling at the lowest possible value.

With the gradual shift from the financial markets, stakeholders express worry about the future of the N20 trillion stock market and its fund-raising capacity if youths maintain the current pattern and interest in short-term investments. Operators have expressed fear of likely losing the participation of this group in stock market activities by the time the older generation leaves the stage.

https://www.nairaland.com/6603784/inflation-devaluation-push-millennials-away

This are pointers Nse is outdated.

Who will invest in a country that both the market and currency is on a steady downward trend for over the years.

Where insecurity is at all time peak and rule of law doesn't work.

Zimbabwe took same route today we all know the outcome.

Four years don waka...
We still dey carry go...
Nobody waka nobody go solo...
Baba God o, our case oo, na Your Grace o. Adupe o.

E Ku Market o.

UACN: marked down for dividends to open @9.70......
Quite some activities @9.35, 9.50.......quite some crossings.......
If inside the bus, I don't think you should panic if picked high.........rather, watch out for likely bottom and buy more to reduce your cost price or do nothing if there's no spare fund..........my opinion.
** Seems the Directors are using the opportunity to increase their stakes......

erwinschro:


The situation is very interesting and seems somewhat complicated. Due to the previously high risk-free rate from government securities, it made little to no sense for institutional investors to allocate a significant amount of capital to equities because the risk-adjusted returns were not too attractive. But as of now, the stop rates on T-Bills are far lower than inflation such that the real returns are negative, so one would expect increased participation in stocks by the institutions. At the same time, these low rates aren't necessarily sustainable and everybody is expecting interest rates to rise in the medium to long term and that will likely cause allocation away from the stock market. Unless the market can continue generating the kind of returns it did last year, I'm not sure that institutional investors will be too eager to change their investment philosophy

They are getting 15% and more per annum return on risk free Investment.

N10 million at 15% compounded will be N40 million in 10 years.

I resigned my appointment in 2014 and stopped funding my RSA, I was surprised the value increased by over 100% between 2014 and 2020.

Pension Fund Managers can't gamble with workers funds in equities.

I hope PENCOM will soon allow them to invest in Sovereign Eurobonds

NEM: Marked down for bonus to open @1.80.......
ACCESS: Displaying some strength......

STNWAUME:
The value of the naira to the dollar fell from 196.99 in December 2015 to 410 in April 2021, reflecting a 51.95 per cent decline despite the various foreign exchange policies introduced by the Central Bank of Nigeria to strengthen the currency.

https://www.nairaland.com/6603927/naira-tumbles-51.95-despite-cbns#102738318

yields from many invested entities in the last 10 years are of little value to many holders of such stocks today

The present inflationary trend and currency devaluation compound the woes of many investors in traded equities on the Nigerian stock market, as many shares are currently selling at the lowest possible value.

With the gradual shift from the financial markets, stakeholders express worry about the future of the N20 trillion stock market and its fund-raising capacity if youths maintain the current pattern and interest in short-term investments. Operators have expressed fear of likely losing the participation of this group in stock market activities by the time the older generation leaves the stage.

https://www.nairaland.com/6603784/inflation-devaluation-push-millennials-away

This are pointers Nse is outdated.

Who will invest in a country that both the market and currency is on a steady downward trend for over the years.

Where insecurity is at all time peak and rule of law doesn't work.

Zimbabwe took same route today we all know the outcome.

I hear you wella and it’s surely bothering but you see this our population, it will do wonders for the economy.

Many of our youths are working for countries abroad (software dev, article writing, app testing ... a friend used to make 400k a month and now works for Snapchat, while still in naija) and that number will only increase as time goes one, why because we can do the work at a cheaper rate.

With our population and not too strict laws many tech companies will come to Nigeria the way they did with China and India. It will not be over night but it will happen (also consider that remote work is increasing)

If Nigeria was going to fail, it would’ve failed in our parents time when they were having coup back to back

All these useless analysts with their doom and gloom.

Nigeria don cast.
NSE is a waste.

And so?
Who here asked for your opinion?

Go to travel and politics section and ply your trade there. You will meet plenty supporters. Invest in your crypto or whatever and chop your dollars, let us hear word.

Leave us with our naira. Don't clog this important thread with your nonsense.

AlphaLion:
All these useless analysts with their doom and gloom.

Nigeria don cast.
NSE is a waste.

And so?
Who here asked for your opinion?

Go to travel and politics section and ply your trade there. You will meet plenty supporters. Invest in your crypto or whatever and chop your dollars, let us hear word.

Leave us with our naira. Don't clog this important thread with your nonsense.

God bless you boss! My response to friends when they start complaining about NSE and Naira is how many times do you see wealthy people complain about FX rates?? Focus on accumulating wealth first, everything else will take care of its self.

The equity market is still one of the less risky investments in Nigeria. Other investments get K leg

AlphaLion:
All these useless analysts with their doom and gloom.

Nigeria don cast.
NSE is a waste.

And so?
Who here asked for your opinion?

Go to travel and politics section and ply your trade there. You will meet plenty supporters. Invest in your crypto or whatever and chop your dollars, let us hear word.

Leave us with our naira. Don't clog this important thread with your nonsense.

Exactly! With all due respect, this STNWAUME guy is a clown. His posts are always gloomy -- about how the Naira is rubbish, how it doesn't make sense to invest in Naira assets or the NSE, how the Nigerian economy is tanking, bla bla bla.

Oga, we get it! We have heard you. Now, run along! Leave us to enjoy our Naira investments in peace. Why are you crying more than the bereaved? I can't imagine how badly burnt this STNWAUME guy got on the NSE that he is still so pained that all he has is sour grapes...always trying to discourage people from investing. If you don't geddifok. For all the nonsense Nigeria is going through under the dullards we have as leaders, there are still a myriad of opportunities even in the equities market that beat devaluation and inflation. People who got in last year circa March/April and are holding till now are still sitting pretty. You just need to figure out your strategy for investing in Nigeria. That you failed woefully with yours does not mean that others would follow your footsteps. Go and eat your dollars or crypto in peace and stop derailing this esteemed forum.

UACN:
Found support @9.40?
Still observing.......

ACCESS: 8.30 ........UBA: 7.20.......
N1.10 difference?
Looks like improper fraction......the difference shouldn't be this much.

Anyway, ACCESS is still getting lots of attention @8.30, maybe it wants break-out......... we'll see.......

ZENITH, MANSARD, NASCON:
Much activities here..........
Zee should do quick and overtake GT joor.......

emmanuelewumi:


Imagine

Stanbic IBTC Asset Management is the biggest fund manager with over N400 billion under management having just N6.3 billion in their equity fund.

FBN Quest Asset Management is the second biggest with over N250 billion under management having just N600 million in their equity fund

United Capital Asset Management is the third biggest with about N200 billion under management having just N1.4 billion in their equity fund.

Total fund under management by all the Mutual Fund Managers in Nigeria is over N1.6 Trillion, the amount allocated to equities is less than N40 billion.

Total fund under management with Pension Fund Managers is about N12.5 Trillion, the amount allocated to equities is roughly N500 billion.

I don't have the figures for the Insurance companies, I am sure less than 5% of their funds are in the equity market.


Keep on watching the percentage increase in the funds allocated to equities by Mutual Funds, Pension Fund Managers and Insurance companies, may be that will give us an idea of when things will turn around.

Please can you drop links to articles or websites where we can get info like this. It is eye opening.

Curry30:


Please can you drop links to articles or websites where we can get info like this. It is eye opening.

Internet is your friend, follow new about pension fund managers and mutual fund managers.

I have Investments with some of the mutual fund managers, they send fact sheet reports to investors every month

Lion123:


Exactly! With all due respect, this STNWAUME guy is a clown. His posts are always gloomy -- about how the Naira is rubbish, how it doesn't make sense to invest in Naira assets or the NSE, how the Nigerian economy is tanking, bla bla bla.

Oga, we get it! We have heard you. Now, run along! Leave us to enjoy our Naira investments in peace. Why are you crying more than the bereaved? I can't imagine how badly burnt this STNWAUME guy got on the NSE that he is still so pained that all he has is sour grapes...always trying to discourage people from investing. If you don't geddifok. For all the nonsense Nigeria is going through under the dullards we have as leaders, there are still a myriad of opportunities even in the equities market that beat devaluation and inflation. People who got in last year circa March/April and are holding till now are still sitting pretty. You just need to figure out your strategy for investing in Nigeria. That you failed woefully with yours does not mean that others would follow your footsteps. Go and eat your dollars or crypto in peace and stop derailing this esteemed forum.

It is very easy to spot those that were badly beaten by the market.

We just need to continue with our prayers for them, all will be well.

emmanuelewumi:



Internet is your friend, follow new about pension fund managers and mutual fund managers.

I have Investments with some of the mutual fund managers, they send fact sheet reports to investors every month

I try my best to follow but it feels like there is just too much to consume from too many sources at once and I tend to lose focus. I'm human naw lol. Anyway thanks a lot for your posts...you're unknowingly educating people here oh. God bless

Lion123:


Exactly! With all due respect, this STNWAUME guy is a clown. His posts are always gloomy -- about how the Naira is rubbish, how it doesn't make sense to invest in Naira assets or the NSE, how the Nigerian economy is tanking, bla bla bla.

Oga, we get it! We have heard you. Now, run along! Leave us to enjoy our Naira investments in peace. Why are you crying more than the bereaved? I can't imagine how badly burnt this STNWAUME guy got on the NSE that he is still so pained that all he has is sour grapes...always trying to discourage people from investing. If you don't geddifok. For all the nonsense Nigeria is going through under the dullards we have as leaders, there are still a myriad of opportunities even in the equities market that beat devaluation and inflation. People who got in last year circa March/April and are holding till now are still sitting pretty. You just need to figure out your strategy for investing in Nigeria. That you failed woefully with yours does not mean that others would follow your footsteps. Go and eat your dollars or crypto in peace and stop derailing this esteemed forum.

I keep wondering how an adult problem could be how a fellow adult spend or invest his/her money.why you dey get headache for my money

Biafran4life:
I keep wondering how an adult problem could be how a fellow adult spend or invest his/her money.why you dey get headache for my money

Someone is lamenting bitterly about his condition, you guys are not lamenting even when you suffer losses you all laugh if off. He doesn't know what make you guys tick.

He left the market few years ago, but he will always come here to spill bile and other toxic things.

We should continue to pray for him. He needs our prayer.

Thank God he is now making it with the US stockmarket and crypto currency traditional, I think he will soon be okay sha

yMcy56:
UACN:
Found support @9.40?
Still observing.......

ACCESS: 8.30 ........UBA: 7.20.......
N1.10 difference?
Looks like improper fraction......the difference shouldn't be this much.

Anyway, ACCESS is still getting lots of attention @8.30, maybe it wants break-out......... we'll see.......

ZENITH, MANSARD:
Much activities here..........
Zee should do quick and overtake GT joor.......

Access is gathering weight to run...

FCMB, FIDELITY:
FCMB refused to go to Fide.......
Fide may have no choice than to go to FCMB.......
We are watching.......

The World Bank has blamed the Central Bank of Nigeria’s management of the foreign exchange regime as the reason for the FX crisis currently being experienced in the country.

The way the exchange rate was managed limited access to FX and thus adversely affected investor confidence and investment appetite,” the World Bank stated.

The disparity between the official I&E Foreign Exchange Window (IEFX) and the parallel market has widened to as high as N90 in recent weeks due to a combination of speculation, demand and fear of future devaluation of the currency.

(the spread between the official and the parallel rate was 27%),” the World Bank added.

https://nairametrics.com/2021/06/15/world-bank-blames-cbn-for-nigerias-fx-crisis/

For those reasoning through their anus World Bank is also bitterly lamenting on the losses they incurred on Nse in time past.

STNWAUME:
The World Bank has blamed the Central Bank of Nigeria’s management of the foreign exchange regime as the reason for the FX crisis currently being experienced in the country.

The way the exchange rate was managed limited access to FX and thus adversely affected investor confidence and investment appetite,” the World Bank stated.

The disparity between the official I&E Foreign Exchange Window (IEFX) and the parallel market has widened to as high as N90 in recent weeks due to a combination of speculation, demand and fear of future devaluation of the currency.

(the spread between the official and the parallel rate was 27%),” the World Bank added.

https://nairametrics.com/2021/06/15/world-bank-blames-cbn-for-nigerias-fx-crisis/

For those reasoning through their anus World Bank is also bitterly lamenting on the losses they incurred on Nse in time past.

CBN created this FX problem from 2015 capital controls.

Now they are reversing the policy with N5 jara

Bought a stock
$100 dollars at 402naira per dollar= 40,200naira
A 30 percent Capital appreciation...
Now $130

Devaluation...
Stock sold at 495naira/dollar
Circa 64,000naira

Naira gain/loss %...is 60 percent green

Just in less than a year...


To cap it all.. some priviledge are recycling just this devaluation means without investing every week in/out...

The common average investor is beginning to loose faith in the Naira ... The Big boys might still be on NSE though... now 503 on aboki FX...

This is Sardonic...... Every individual with their choice to make...
Cheers...

emmanuelewumi:


It is very easy to spot those that were badly beaten by the market.

We just need to continue with our prayers for them, all will be well.

I am a very long term participant in the Nigerian Stock Market, i have been buying shares actively since i was 10, My Father is a distinguished stockbroker and i was very wise to also key in heavily during the Downturn in March/April 2020, i share very high optimism about our stockmarket BUT I would like to state that it is unwise to discard all that STNWAUME has pointed out about our market, it has been on a steady decline in the last 10years, it is worrisome, heavy devaluations and inflations have really stunted our growth and its almost like a Catastrophe the magnitude of what happened during the Pandemic is the only thing that affects our market , Participation of Millenials and Gen Z should be encourage in our market or over the next decade there wont be much of market left

gbengafaro1986:


I am a very long term participant in the Nigerian Stock Market, i have been buying shares actively since i was 10, My Father is a distinguished stockbroker and i was very wise to also key in heavily during the Downturn in March/April 2020, i share very high optimism about our stockmarket BUT I would like to state that it is unwise to discard all that STNWAUME has pointed out about our market, it has been on a steady decline in the last 10years, it is worrisome, heavy devaluations and inflations have really stunted our growth and its almost like a Catastrophe the magnitude of what happened during the Pandemic is the only thing that affects our market , Participation of Millenials and Gen Z should be encourage in our market or over the next decade there wont be much of market left

Gbam...

gbengafaro1986:


I am a very long term participant in the Nigerian Stock Market, i have been buying shares actively since i was 10, My Father is a distinguished stockbroker and i was very wise to also key in heavily during the Downturn in March/April 2020, i share very high optimism about our stockmarket BUT I would like to state that it is unwise to discard all that STNWAUME has pointed out about our market, it has been on a steady decline in the last 10years, it is worrisome, heavy devaluations and inflations have really stunted our growth and its almost like a Catastrophe the magnitude of what happened during the Pandemic is the only thing that affects our market , Participation of Millenials and Gen Z should be encourage in our market or over the next decade there wont be much of market left

The people here are adults who are responsible their actions and inactions, no point taking Panadol for other people's headaches.


He is into crypto currency and the US stockmarket, he should let those here be.

Different strokes for different folks.

STNWAUME:
The World Bank has blamed the Central Bank of Nigeria’s management of the foreign exchange regime as the reason for the FX crisis currently being experienced in the country.

The way the exchange rate was managed limited access to FX and thus adversely affected investor confidence and investment appetite,” the World Bank stated.

The disparity between the official I&E Foreign Exchange Window (IEFX) and the parallel market has widened to as high as N90 in recent weeks due to a combination of speculation, demand and fear of future devaluation of the currency.

(the spread between the official and the parallel rate was 27%),” the World Bank added.

https://nairametrics.com/2021/06/15/world-bank-blames-cbn-for-nigerias-fx-crisis/

For those reasoning through their anus World Bank is also bitterly lamenting on the losses they incurred on Nse in time past.

Sorry to world bank,we feel thr pain.we pray for them to heal soon,pls extend our prayers to them

emmanuelewumi:



The people here are adults who are responsible their actions and inactions, no point taking Panadol for other people's headaches.


He is into crypto currency and the US stockmarket, he should let those here be.

Different strokes for different folks.

Yes but you may need to participate in a more vibrant market with active participation from all investment savy age groups to understand what he has pointed out, im also in the US Stock Market, investing in my Bloodline and i can assure you its not without its ups and downs, but you can see market reactions as clear as day there and you really can predict market behaviour much more easily....Sir don't be rigid ....I cant help but wonder why our market cant yet get there...I hope the leadership of the exchange can change its perspective towards encouraging much more active participations for much more financial inclusion

gbengafaro1986:


Yes but you may need to participate in a more vibrant market with active participation from all investment savy age groups to understand what he has pointed out, im also in the US Stock Market, investing in my Bloodline and i can assure you its not without its ups and downs, but you can see market reactions as clear as day there and you really can predict market behaviour much more easily....Sir don't be rigid ....I cant help but wonder why our market cant yet get there...I hope the leadership of the exchange can change its perspective towards encouraging much more active participations for much more financial inclusion

There is a vibrant thread for the US stockmarket and Crypto currency trading. We also have threads that address political and economic agitations and frustrations. Don't let us digress from the purpose of this thread

You don't know me, and you don't know what I am into.


I think giving unsolicited advice and telling how adults should spend and Invest their money is quite rude.

People should do whatever suits their situation, financial goals, expected expenses etc