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Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 9:36pm On Jun 09, 2023 |
https://www.nairaland.com/7721705/president-tinubu-suspends-emefiele-office Emefiele suspended. How will the market react to this. Bull or Bear. I suspect a bull cos market will see this as a move towards a new era of single fx exchange rate and other reforms in the financial sector. But last last, Market has a mind of its own and might decide to send the bears |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 9:38pm On Jun 09, 2023 |
OBAGADAFFI:The market will tank but to this level will only happen in WW 3. It cannot go beyond #15 with the corruption everywhere you go. |
Re: Nigerian Stock Exchange Market Pick Alerts by pizapato(m): 9:52pm On Jun 09, 2023 |
ositadima1: US market is even pumping right now S&P and QQQ just hit 52 weeks high. When the US markets starts showing signs of decline, that when one should be cautious. The removal of Emefiele can however cause a decline in the short term 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by GreatEko: 10:01pm On Jun 09, 2023 |
pizapato: Foreign investors do not like him again. They prefer someone else who won't impose FX controls and multiple exchange rates. I guess the market should be happy with this news. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by aremso(m): 10:06pm On Jun 09, 2023 |
Streetinvestor2: But zenith did 8+ in 2016 when oil tank to $27 so nothing is impossible! |
Re: Nigerian Stock Exchange Market Pick Alerts by Saviourplease: 10:50pm On Jun 09, 2023 |
Thanks to all the contributors here. In 2020, I stumbled upon this thread shortly after my NYSC Even though I don't consider myself a finance expert, the information shared here has enabled me 'invest right'. Well done guys!!! 27 Likes 1 Share
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Re: Nigerian Stock Exchange Market Pick Alerts by ojesymsym: 11:16pm On Jun 09, 2023 |
You are definitely on the right path and already ahead of many of your peers or age mates. Saviourplease: 5 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 11:16pm On Jun 09, 2023 |
GreatEko:
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Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 11:39pm On Jun 09, 2023 |
aremso:I don't believe oil price has anything to do with nse stocks. Why didn't we see the effect on nse when oil was 70 ans above. The management of the economy is what I believe reflects on nse since the market became dominated by locals. What matters is businesses doing well, producing good results (not audio results).And rewarding investors via good dividend or bonus. And all this will happen if the economy is doing fine.How about if the country was not producing oil. We have many other way to generate revenue for the country .If oil like let it go to #20 ,Zenith with dividend of #3 plus will not go to #5..That is only possible if we have ww 3 or something worst caused by nature Then on a serious note,no government in nigeria can be worst than that of Pmb.Though I am not a fan of BAT but I know he will be 100 percent better than pmb because he has business interests in the country . The market will still tank but not the generation low as I dey hear for this thread. Corruption is what is killing the country and pulling everything down. |
Re: Nigerian Stock Exchange Market Pick Alerts by sgtponzihater1(m): 5:59am On Jun 10, 2023 |
Saviourplease: Really impressive. Well done 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by aremso(m): 6:43am On Jun 10, 2023 |
Streetinvestor2: are u just entrying this NSE? 70 per barrel wiil have no impact now let oil tank by 50% then I want to read the same comment from you. |
Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 8:11am On Jun 10, 2023 |
Saviourplease: If I may ask, Which broker do you use? |
Re: Nigerian Stock Exchange Market Pick Alerts by YoungBuffet: 8:49am On Jun 10, 2023 |
Streetinvestor2: Bro let me shed little light on this, our current budget is pegged at $75pb so if oil tank to let say 60$pb and was sustained for long time like 6months then then FG will have deficit in the current fiscal year and if it tank further more heat for government to embark on more borrowing to meet up with their fiscal responsibilities. Now as regards it effects on NSE it will not be felt if the price didn't go down well like 50-30$pb and when price gets to that level NSE will feel it irrespective of N3 paid by zenith Bank. How? Now most tier one banks gave out loans to oil and gas industry based on the fact that oil prices would be stable and if oil goes down well and stay there for a while then fears of NPLs hit the market especially the banking sector then investors start selling as it happened before I think around 2016. Part of oil and gas loans is affecting FBN till date, UBA has given loan to TE for his oil well and transcourp oil well then when oil tank proper and stays there for some time then fears of getting money back set in. Another case is Oando that got massive loans to buy ConocoPhillips assets thinking oil price will continue uptrend but tanked and the price has not gotten to that level again when they took the loans. Another aspect is FPIs, if oil revenue dropped there will not be dollars for them to repatriate their gains cos as they come in they are also wants to be sure they can repatriate their gains back and they know is only oil that we have as major source of our revenue so as it drops it sends red flags to them. So forget about N3 dividend when everything scatter no one cares about they dividend again except we of small money. Oil will tank I still maintain my stand on this. China data is weak as regards their economy so the demand from them is low Saudi cut production yet Brent is struggling hard to rise now if US lift sanction on Iran to sell their crude then SS outweighs DD forcing price to go down. My own level is $45-40 before it rise back 4 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 9:01am On Jun 10, 2023 |
aremso:I have been long enough in the market. And don't believe crude oil price determines price movement in nse mostly now the market is majorly played by locals.Oil price does not stop businesses making profits. Why didn't oil price affect the likes of ub capital etc 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 9:14am On Jun 10, 2023 |
YoungBuffet:All this companies you mentioned was as a result of corruption and mismanagement from exco and not because of oil price.When fbn gave out those loans.Did they do proper risk analysis. Wale was never straight in handling oando.Yes if oil goes beyond budget bench mark.The government will run on deficit which will have impact on its targeted goals. That will not stop businesses from still making profits. They know how to transfer cost to customers. The profits may drop,flat or minimal loss. depending on the credibility of its management and thinking cap Note :Nse is secondary place for me to make money.I am a business man and have been in business for 25 yrs..No business man will tell you he is not making money because of oil price.The management/performance of the macro economy is what matters most.And for dollars we have enough in this country.The only thing is that it is not on the official channel and cbn corruption 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by pluto09(m): 9:26am On Jun 10, 2023 |
Streetinvestor2: It is not the daily fluctuations of oil price that affect the NSE. NSE, most times responds to a sustained drop in price. As foreign earnings drops, the effect will be visible on our foreign reserve.. Anything below N30 billion dollar in reserve will most probably have an effect on exchange rates and almost every other things. Having said this, I think the dynamics of NSE have changed in recent years. We have more local players than foreign which is a major factor on how the market now responds to external shock. 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by seyisanya(m): 9:44am On Jun 10, 2023 |
IHelp:Nah oga Loco food b dis. |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 10:13am On Jun 10, 2023 |
seyisanya: 15 kobo is a good bargain for universal but let him add Greenwich securities Ltd too. I will first take permission from Jideflash |
Re: Nigerian Stock Exchange Market Pick Alerts by YoungBuffet: 11:25am On Jun 10, 2023 |
pluto09: Can the locals bid prices like the way FPIs will bid ? |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 11:39am On Jun 10, 2023 |
YoungBuffet: I doubt that the USA wants to crash the price of crude oil. If they did, they would have taken that approach to hurt Russia and Iran. The USA is also the largest crude oil producer in the world. Regarding Iran's crude oil production, Iran exports crude oil to China, rebranding it as crude from other countries to evade sanctions. This is why, despite the sanctions, Iran is still doing very well. I heard that they unveiled their own supersonic missile last week. |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 1:23pm On Jun 10, 2023 |
How would market respond to Emefiele sack on Tuesday next week? Positive or negative or neutral......?? |
Re: Nigerian Stock Exchange Market Pick Alerts by sgtponzihater1(m): 1:58pm On Jun 10, 2023 |
locodemy: Anyone who tells you they know would just be gambling. The market has a mind of its own... 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Capitas7: 2:57pm On Jun 10, 2023 |
Saviourplease: Thank you for this inspiring story. I still share mine till today too. When my service year ended in 2013, I had saved NGN206,000 from the NGN19800 × 12months (made sure my tithe and expenses were covered by my PPA allowance), courtsey of my parents' and family friends' help to secure a me a PPA 20min away from home(where I grew up). I split it in half and bought FBN, Eterna, DangoteSugar with one half. I remember reaching out to Pa Emma after reading some of his posts/topics; he was kind enough to grant me a phone conversation. One thing that I have learnt ~10years after is that consistency and being open to education/knowledge is key to growth (or building wealth). I will share below. When I had a life-changing opportunity/event in 2018 (5years after my initial investment), my immediate investment in NGX was more than 5-fold what I had accumulated in the previous 5years of investing. As my income increased over the years, each tranche of investment was heavier than all what I had accumulated by the reference time. Today, I set goals in such a way that the I try to own as many units (units of shares) as the monetary value (Naira) that I used to dream of investing. For instance, if NGN1000 total value of a stock was a dream for me 5years ago, my revision today will be to own 1000 units of the stock. These revisions are my way of growing. Long story short, I'm happy to see such stories as yours and I think we need more such stories here to encourage people with real-life tales. If we see mentions (and even screenshots) of "heavy" dividends or purchases, which I believe are motivating, how much more the stories that we all can relate to - everyone has a begining, goals, current phase and future goals. Everyone who contributes here is doing a great job! 23 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by Princkez: 3:11pm On Jun 10, 2023 |
sgtponzihater1:Positive....I believe. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by YoungBuffet: 5:10pm On Jun 10, 2023 |
ositadima1: Do your research well the price must go down to refill their reserve, presently US economy is in disarray forget about stock market doing 52 weeks high to me is a bull trap but on the whole US economy is not smiling. They have to buy oil at a cheap rate to refill their reserve. Also, demand is so low when u look at economic data coming from China so the possibility of oil going down is there. A particular news came out as regards Iran on Thursday and oil tanked from 77- 73.83$ before it recoverd back to $76+. Anyway, is a game to me which I like to watch daily. |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 7:12pm On Jun 10, 2023 |
locodemy:- Positive from the look of things...... - Many were happy and felt relieved that Emefiele was suspended..... he should just go home from there. - He has caused a lot of hardship and pains on Nigerians with his anti-people policies.....and, especially with his failed presidential ambition, which he took out on Nigerians. - News even carried it that he has been arrested by DSS. - In all, Mr. Market has a mind of his own......but generally, people felt its justice well deserved. https://www.nairaland.com/7722497/dss-confirms-godwin-emefieles-arrest https://www.nairaland.com/7722316/emefiele-flown-lagos-abuja-arrested https://www.nairaland.com/7722670/dss-files-terrorism-charges-against 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 8:43pm On Jun 10, 2023 |
yMcy56:To me the market will be neutral until the naira and fx policies are put in place. Why did naira slightly crashed on the news of Emefiele sack? A na eji isi ahu anu uto nsi |
Re: Nigerian Stock Exchange Market Pick Alerts by Mfunkynation(m): 8:49pm On Jun 10, 2023 |
yMcy56:Good evening Ma'am, please check your mail. thanks |
Re: Nigerian Stock Exchange Market Pick Alerts by Olaide1295: 8:49pm On Jun 10, 2023 |
locodemy: My prediction is to expect a rate unification in the coming 2 weeks with the new acting CBN governor. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 9:24pm On Jun 10, 2023 |
NNPC MD suspended. People who are part of the subsidy fraud can't be part of the solutions. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 9:50pm On Jun 10, 2023 |
emmanuelewumi:Don't know if this news is correct. Nevertheless, one corruption is down.Time to appoint another corruption. I hope it won't be wale Tinubu to take over,lol 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by moneymanager: 1:20am On Jun 11, 2023 |
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