₦airaland Forum

Market still in a shock, even though most assets are in oversold conditions, significant economic and political uncertainty persists... ASI potentially trending lower, current momentum suggests a move towards 127 k which is 23.6% fib level of wave 3... affected assets unknow but thinking high ticket items mainly... A highly probable bullish stance will be test of 141k low (not lower than 138k) and next stop 190K - 200K...personally, i favor the bullish stance but trump 9ja saga, FX stability, policy shifts, and potential earnings surprises will ultimately play a crucial role in shaping market sentiment and direction.
DYOR joo!

refs
https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/9695#137190045
ewnation/asi

It is well, God Bless us.

jonnysessy:
Virtual currency now taxable, capital market gains remain tax-free —Oyedele
punchng.com


Government policies remains very funny. One minute it is this another minute it is that. I hate it when a policy has no clear cut direction. Are we actually doing a trial by error ? People had lost money in NGX by some useless pronouncement and they blame it on Trump. Well, i will still watch how this latest information will be percieved in the market. Nobody knows anything anymore. If you follow this route, they follow you too. Na siddon look i dey now Policy summersalt.

They need to come by way of an amendment or a gazetted publication stating that capital market gains are exempted from tax. Anything short of that might not work. We know this government, they promise but don't keep the promises. Ask ASUU, NLC etc. from the days of Buhari, the tricks have been the same.

Agbalowomeri:
Oga just dive in

Your target was 22. I gave you 20. It got there and it's returning there again. Abi you want me to give you a lower target?

yes..10.5 bottom.
".5" is to avoid being too bearish.lol.
#cruise

jonnysessy:
Virtual currency now taxable, capital market gains remain tax-free —Oyedele
punchng.com


Government policies remains very funny. One minute it is this another minute it is that. I hate it when a policy has no clear cut direction. Are we actually doing a trial by error ? People had lost money in NGX by some useless pronouncement and they blame it on Trump. Well, i will still watch how this latest information will be percieved in the market. Nobody knows anything anymore. If you follow this route, they follow you too. Na siddon look i dey now Policy summersalt.

I don't think it has been removed.
The Punch reported a sentence as such. But reading further in context, I think he meant to younger people. Discouraging them from crypto and swaying them to NGX with the tax rated at PIT rate, most of them would even be taxed free. He was quoted as using the term "virtually" everyone is tax free
This aligns with his usual phrase of 97% or 98% are tax exempt, bla bla bla...

There are actually 2punch reports.
Compare https://punchng.com/capital-gains-tax-to-make-market-more-competitive-investor-friendly-oyedele/
to
https://punchng.com/virtual-currency-now-taxable-capital-market-gains-remain-tax-free-oyedele/?amp

Boss this is contradictory...
You're happy with some valuations....+ve
You believe this is the bottom....+ve
You have some cash.....+ve
You don't want to deploy it......-ve

So what are you still waiting for EXACTLY? Just curious

nosa2:
I am happy with some of the valuations and I am fully in the market. I still hold some cash but I don't think I will need to deploy it. Basically I think we are at the bottom

kintus:
Boss this is contradictory...
You're happy with some valuations....+ve
You believe this is the bottom....+ve
You have some cash.....+ve
You don't want to deploy it......-ve

So what are you still waiting for EXACTLY? Just curious

I have some cash, about 3% of my portfolio size. I don't plan to use it to invest but if the market chooses to get silly in terms of prices then I will gladly use it to buy lower. So if for some reason Zenith goes below N50 I will invest the money knowing that the panic is getting a bit wild. if it doesn't and it hovers around current levels then I will use my money and enjoy my life.

Hope that clarifies things

nosa2:
I have some 5billion cash, about 3% of my portfolio size. I don't plan to use it to invest but if the market chooses to get silly in terms of prices then I will gladly use it to buy lower. So if for some reason Zenith goes below N50 I will invest the money knowing that the panic is getting a bit wild. if it doesn't and it hovers around current levels then I will use my money and enjoy my life.

Hope that clarifies things

When you are big, you are large

Agbalowomeri:
When you are big, you are large

Una carry this bad behavior reach here

nosa2:
I have some cash, about 3% of my portfolio size. I don't plan to use it to invest but if the market chooses to get silly in terms of prices then I will gladly use it to buy lower. So if for some reason Zenith goes below N50 I will invest the money knowing that the panic is getting a bit wild. if it doesn't and it hovers around current levels then I will use my money and enjoy my life.

Hope that clarifies things

That reminds me of the guy you were arguing with the other time, the "armchair economist" aiming for 1–2% a month @ ₦1.5 million. The same one who announced he’s a landlord at the slightest provocation, lol.

His eyes will clear soon. He’s making noise because we’re in a bull period, where most stocks doubled just by holding them. Then he shows up thinking targeting 2% simply because he’s trading with ₦200 million makes sense. Brokers will be laughing, business has never been this good.

This is a market that can drop 20% on you before month-end. The guy is clearly a noob. His eyes will clear. There’s nothing you can tell him until he experiences the koko firsthand.

ositadima1:
That reminds me of the guy you were arguing with the other time, the "armchair economist" aiming for 1–2% a month @ ₦1.5 million. The same one who announced he’s a landlord at the slightest provocation, lol.

His eyes will clear soon. He’s making noise because we’re in a bull period, where most stocks doubled just by holding them. Then he shows up thinking targeting 2% simply because he’s trading with ₦200 million makes sense. Brokers will be laughing, business has never been this good.

This is a market that can drop 20% on you before month-end. The guy is clearly a noob. His eyes will clear. There’s nothing you can tell him until he experiences the koko firsthand.

Ahh make he no experience am o
Anyway targeting 2% in stock market no make sense. It is working in a bull market but make he no carry that bad character enter bear market sha otherwise na eternal averaging down

emmaodet:
“If you’re in a lousy business for a long time, you’re going to get a lousy result even if you buy it cheap.” - Warren Buffett

This is quite interesting and instructive!

When every military operation ends in AMBUSH, how many scars will that military receive before it becomes wise ?

Before any military can defeat the external enemy, it must first defeat the ones within, called double agents in espionage, that tip-off the external enemy in advance of every patrol..


Note, this comment speaks to all nations and militaries in the world, not to any particular nation or military.

Agbalowomeri:
Ahh make he no experience am o
Anyway targeting 2% in stock market no make sense. It is working in a bull market but make he no carry that bad character enter bear market sha otherwise na eternal averaging down

Omo scalper, Oun nikan l'o mọ̀ ooo!

https://www.youtube.com/watch?v=JNm3Ls5d6TE

A few stocks I will be watching closely in today's trading session.


Pidgin English version below.

https://open.spotify.com/episode/2m45qUG2mMa0NqUpGaUWKY

Ding

Agbalowomeri:
Ahh make he no experience am o
Anyway targeting 2% in stock market no make sense. It is working in a bull market but make he no carry that bad character enter bear market sha otherwise na eternal averaging down

The noise is already going down gradually.
The bear will undoubtedly bring some sanity.

pluto09:
The noise is already going down gradually.
The bear will undoubtedly bring some sanity.

Lol.
You mean long bullish runs can cause some ''insanity'' or ''madness'' in the market?
Please, some of us like that kind of madness ooo. We need it badly

Extract of Target Technical Analysis Report For Today:

PLAN FOR NEW WEEK NIGERIA STOCK MARKET 20 NOVEMBER 2025

Market Performance
· Market closed lower with high-volume selling and negative breadth.
· Trading volume and value surged dramatically, indicating institutional distribution.
· Sentiment remains fragile and bearish.

Key Drivers of Sell-Off
· Liquidity squeeze from CBN's high interest rates, making bonds attractive.
· Naira volatility increasing costs and uncertainty for companies.
· Institutional profit-taking due to unfavorable policy environment.

Market Direction and Outlook
· Bearish trend confirmed with strong SELL signal.
· Short-term outlook remains negative; expect test of support at 142000.
· Advice: Maintain cash-heavy positions until reversal signals emerge.

Sector Performance
· Most sectors show SELL signals, including Banking, Insurance, and Consumer Goods.
· Oil/Gas sector is relatively resilient but with neutral momentum.

Stock Recommendations
· Stocks to Buy: XXXX, XXXX, XXXX, XXXX
· Stocks to Sell or Wait: XXXX, XXXX, XXXX, XXXX

Technical Indicators
· All Share Index shows SELL from trend and sentiment.
· Broad-based technical deterioration across indices.

Disclaimer: Trading involves risks. Investors should confirm trades with their own analysis.

zendi:
When every military operation ends in AMBUSH, how many scars will that military receive before it becomes wise ?

Before any military can defeat the external enemy, it must first defeat the ones within, called double agents in espionage, that tip-off the external enemy in advance of every patrol..


Note, this comment speaks to all nations and militaries in the world, not to any particular nation or military.

Counter Note: this comment speaks to Nigeria as the country.

What actually is holding FBNH down?
Huge bids against offers for the past weeks now....
Maybe Otedola is not done yet or looking for the right time to hit the market who knows...

mikeapollo:
Lol.
You mean long bullish runs can cause some ''insanity'' or ''madness'' in the market?
Please, some of us like that kind of madness ooo. We need it badly

With all the money you have made in the last three years
Maybe if you have sold your OandO at N95 ......
But seriously,it is not possible for the bullish runs to continue forever.

chimex38:
Counter Note: this comment speaks to Nigeria as the country.

Hmm, abeg...O

Wise move.

Thank you, Sir.

nosa2:
I have some cash, about 3% of my portfolio size. I don't plan to use it to invest but if the market chooses to get silly in terms of prices then I will gladly use it to buy lower. So if for some reason Zenith goes below N50 I will invest the money knowing that the panic is getting a bit wild. if it doesn't and it hovers around current levels then I will use my money and enjoy my life.

Hope that clarifies things

Agbalowomeri:
Ahh make he no experience am o
Anyway targeting 2% in stock market no make sense. It is working in a bull market but make he no carry that bad character enter bear market sha otherwise na eternal averaging down

You know I don't really think it makes much sense to comment on something you're clueless about.

This is not a strategy that requires luck, or boring wait or monkey hunting to work.
If you're privileged to have this strategy mastered, all it requires is that the market opens. As long as the market opens, profits are guaranteed bull or bear, maybe one day, you may leearn enough to understand it, but for now, you should probably bask on in your fears and limited knowledge of successful trading strategies

Market is down over 7% MTD, making it one of the worst months of the year if not the worst, you're still waiting for a non existent failure.

mikeapollo:
Lol.
You mean long bullish runs can cause some ''insanity'' or ''madness'' in the market?
Please, some of us like that kind of madness ooo. We need it badly

Bull na feel-good steroid

awesomeJ:
You know I don't really think it makes much sense to comment on something you're clueless about.

This is not a strategy that requires luck, or boring wait or monkey hunting to work.
If you're privileged to have this strategy mastered, all it requires is that the market opens. As long as the market opens, profits are guaranteed bull or bear, maybe one day, you may leearn enough to understand it, but for now, you should probably bask on in your fears and limited knowledge of successful trading strategies

Market is down over 7% MTD, making it one of the worst months of the year if not the worst, you're still waiting for a non existent failure.

Bros no take am too seriously
As long as you are making the money, we are all happy

zendi:
Abeg...O

It's a serious matter and we're all in it one way or another.
There isn't any lie in what you wrote.
There are leakages and backed-facts.
It means Terrorist_Informants WITHIN the Nigerian Military needs to be expunged FIRST.
Otherwise we will all be running in cycles in fighting EXTERNAL threats.

zendi:
When every military operation ends in AMBUSH, how many scars will that military receive before it becomes wise ?

Before any military can defeat the external enemy, it must first defeat the ones within, called double agents in espionage, that tip-off the external enemy in advance of every patrol..


Note, this comment speaks to all nations and militaries in the world, not to any particular nation or military.

In response to your first paragraph, I have been wondering too how the military could be comfortable being wasted by some political mischief makers and yet remain ready not yet ready to get off the sacrificial table . It used to be the foot soldiers. Now that the rank and file is being wasted, let us hope their will be a re- awakening.

pluto09:
With all the money you have made in the last three years
Maybe if you have sold your OandO at N95 ......
But seriously,it is not possible for the bullish runs to continue forever.

Even if I sold Oando at N95, ''Dangote still dey find money''.
I still need the bull ''madness'' to ginger me once more. E get why