₦airaland Forum

pluto09:
I think the guy just doesn't see any reason why someone should go and pay to buy a right to own the share of a company when the same is available at a cheaper price on the exchange.
I equally share the same sentiment.

Yeah.

NSEstudent:
If people can get paid for trading their rights, then it's counterintuitive for someone to actually buy it in the first place. Investors would just trade it and then buy from the floor.

I no just understand o

I ignore all the rights issues because most of them are more expensive than SP at the times.

You are not getting paid directly; you're simply trading your Rights on the floor.

This usually happens when demands are high.

If you ignore, they won't transfer your RIGHT to the Broker for Trading.

Most Brokers know this secret.

NSEstudent:
I see

It's funny.

The buyer of this 'right' should buy from the market instead. I mean, that's what I would do.

I think the rights issues would make sense if the price is reasonably lower than the market price.

People buying the right are not usually retail investors


If you need 20 million units on floor, currently valued at N28 billion. If a big investor tries to buy that quantity on the floor, he might end up pushing the price to N1700 on the floor.

I think the current happenings in the market whereby right offers are more expensive that the market price is deliberate

awesomeJ:
I find it funny too.
Someone bought presco's rights at 1420 and was even asking how (s)he could buy more, at a time i was buying the shares at 1360 with instant access to the shares.


people always have their reasons.


For large holders for instnace, Rights give them the opprotunity to buy huge volumes without spiking up the share price as would have been the case if they had to acquire such volumes off the trading floor.

For retail holders though, I think it's mostly the bragging right of saying they took their rights, sort of massages the ego.

Otherwise, why pay unnecessary premiums?

Exactly

emmanuelewumi:
People buying the right are not usually retail investors


If you need 20 million units on floor, currently valued at N28 billion. If a big investor tries to buy that quantity on the floor, he might end up pushing the price to N1700 on the floor.

I think the current happenings in the market whereby right offers are more expensive that the market price is deliberate

Exactly
The rights offers being lower than market prices may also be due to current bearish sentiments in the market, otherwise rights offers should be lower than market prices

I noticed something strange at market opening this morning. I visited stock bubbles to track current prices of stocks and I saw that Aradel was a bit down - which is a buying opportunity for me. So, I visited my Stanbic IBTC stock portal to purchase some Aradel shares. I realized that the price at Stanbic is about 8 naira above that of stock bubbles. Seeing the price difference, I decided to confirm by visiting my Cardinal Stone account, which has the same price as Aradel. So, I am wondering is it normal?

Stanbic Price: 688
Cardinal Stone and Stock bubbles Price: 680

yariman:
I noticed something strange at market opening this morning. I visited stock bubbles to track current prices of stocks and I saw that Aradel was a bit down - which is a buying opportunity for me. So, I visited my Stanbic IBTC stock portal to purchase some Aradel shares. I realized that the price at Stanbic is about 8 naira above that of stock bubbles. Seeing the price difference, I decided to confirm by visiting my Cardinal Stone account, which has the same price as Aradel. So, I am wondering is it normal?

Stanbic Price: 688
Cardinal Stone and Stock bubbles Price: 680

I guess it is a network issue.
Most trading portals have been down since yesterday.

yariman:
I noticed something strange at market opening this morning. I visited stock bubbles to track current prices of stocks and I saw that Aradel was a bit down - which is a buying opportunity for me. So, I visited my Stanbic IBTC stock portal to purchase some Aradel shares. I realized that the price at Stanbic is about 8 naira above that of stock bubbles. Seeing the price difference, I decided to confirm by visiting my Cardinal Stone account, which has the same price as Aradel. So, I am wondering is it normal?

Stanbic Price: 688
Cardinal Stone and Stock bubbles Price: 680

Some brokers update their displayed prices a bit slower, while others update in real time.
This is VERY common. Different brokers sync their feeds at different speeds.
Stock Bubbles is pulling live exchange data
Stanbic will “catch up” shortly.

NCR no get time to de follow una do market noise.. as day dreak early morning by 10am e go just come do him 100k units get 10 percent de go house. I am not surprised. with only about 40 million shares of free float what do you expect. We will all see how and where it ends..

https://www.youtube.com/watch?v=ObBZr2JZKLo

Midday update on the NGX so far today.

PZ looking good under ₦40...

Every mallam to his kettle

Stockhunter:
NCR no get time to de follow una do market noise.. as day dreak early morning by 10am e go just come do him 100k units get 10 percent de go house. I am not surprised. with only about 40 million shares of free float what do you expect. We will all see how and where it ends..

Dem wan use am collect loan

Some influencers will later go on social media and type "if you invested N1m in NCR in Jan 2025, it would be worth N5m today".

Stockhunter:
NCR no get time to de follow una do market noise.. as day dreak early morning by 10am e go just come do him 100k units get 10 percent de go house. I am not surprised. with only about 40 million shares of free float what do you expect. We will all see how and where it ends..

NIGERIA STOCK MARKET REPORT 3 DECEMBER 2025

Following daily news to determine what to buy is not likely to be a profitable strategy. Yesterday in the Global market we saw a glaring different in what the day's report was saying and what the medium term trend of the market is. Although for that particular day, the daily report was right. And through to expectations, the following day, the market flipped back to the medium term trend.

Lesson here is, we may be better of, going with the medium timeframe. If we follow the news too much, we may easily fall into a bear trap

MARKET PERFORMANCE & OUTLOOK
The Nigerian stock market staged a strong recovery on Tuesday, December 2nd, rising 1.20%. This rally halted the previous session's minor decline and was driven by widespread buying across major sectors. Key indicators like trading value and volume increased significantly, suggesting serious institutional money is returning. The market's breadth turned positive, meaning more stocks advanced than declined.

The short-term outlook is bullish, supported by positive technical signals and investors positioning for year-end dividend announcements. The market is expected to test its November highs, led by large-cap stocks. However, avoid buying stocks that are still in individual downtrends, such as XXXXX, XXXXX, XXXXX, and XXXXX.

Primary risks include any unexpected rise in Treasury Bill yields or negative news regarding the proposed Capital Gains Tax. Investors should focus on building positions in fundamentally sound companies.

TECHNICAL & SECTOR ANALYSIS

The overall market shows a strong short-term bullish trend. Key sectors leading the rally are Banking, Industrial Goods, Consumer Goods, and the Growth index, all indicating solid uptrends.

The Oil and Gas sector remains weak due to oversupply concerns and should be avoided. The Insurance and Islamic Finance sectors are neutral but trending upward, offering potential rotation opportunities.

Money is rotating into cyclical sectors like Industrials and Banking, reflecting optimism for December. The Industrial sector is the strongest leader.

STOCK RECOMMENDATIONS

Stocks to Consider Buying: Focus on high-quality large-cap and mid-cap names. Key candidates include XXXXX, XXXXX (long-term hold), XXXXX, XXXXX, XXXXX, XXXXX, and XXXXX.

Stocks to Avoid/Sell: Exercise caution with XXXXX, XXXXX, and XXXXX. Note: XXXXX appears on both buy and avoid lists; careful analysis is required.

Speculative Stocks: Stocks like XXXXX and XXXXX are very speculative and may be overbought. XXXXX, in particular, should be avoided by most investors.

Dividend Yield Stocks: For income-focused investors, high-dividend yield stocks include XXXXX, XXXXX, XXXXX, XXXXX, and XXXXX.

CORPORATE ACTIONS

Notable disclosures from December 2nd include a board change at XXXXX, insider share purchases at XXXXX, a director's resignation at XXXXX, a director's share sale at XXXXX, a board meeting notice from XXXXX, and the completion of a gas project by XXXXX ahead of schedule.

MARKET DRIVERS

Local macroeconomic factors provided support. The relative stability in the US Dollar to Naira exchange rate offers some clarity. Steady Brent Crude oil prices are positive for Nigeria's foreign earnings.

A significant challenge remains the high yield on Nigerian Treasury Bills, which attracts money away from the stock market. The Central Bank's high interest rate policy continues to pressure equities, though it benefits banks.

The market awaits further details on the 2026 Federal Budget and official guidelines on the proposed Capital Gains Tax. Clear policy announcements would boost sentiment.

CONCLUSION

The immediate market direction is bullish, favoring industrial and banking stocks. Investors should utilize the market's strength to build positions in fundamentally sound companies while avoiding weak sectors and overbought speculative stocks. Monitor policy developments and Treasury Bill yields closely, as these are key risks.

Goodluck to all.

mikeapollo:
Exactly
The rights offers being lower than market prices may also be due to current bearish sentiments in the market, otherwise rights offers should be lower than market prices

The promoter know what to do if they want the price of the right to be lower than the market price

yariman:
I noticed something strange at market opening this morning. I visited stock bubbles to track current prices of stocks and I saw that Aradel was a bit down - which is a buying opportunity for me. So, I visited my Stanbic IBTC stock portal to purchase some Aradel shares. I realized that the price at Stanbic is about 8 naira above that of stock bubbles. Seeing the price difference, I decided to confirm by visiting my Cardinal Stone account, which has the same price as Aradel. So, I am wondering is it normal?

Stanbic Price: 688
Cardinal Stone and Stock bubbles Price: 680

Network issue

If Technicals is what to depend on,ASI is now at psychological support 145k from 143k we started the campaign of Xmas bull.

It is moving towards a resistance of 150k.
Fingers crossed.
At this stage,we are going to experience the Santa bull.

Be on the watch

Locotrader:
Psychological support for ASI is 145,000
Let's see if it will be actualized in the coming days.
My take,if 145k holds strong,we will see 150k level by 31st December.This is what I pray for.

Currently sitting at 143k.If this 143k is broken,we may see support at 138k.At this level,we may be in for a longer beers(days of no activities)

This was our post some days ago following the trends.
Still be watching

Cc Agba

emmanuelewumi:
Network issue

I guess it is a general issue on NGX.

OBAGADAFFI:
I guess it is a general issue on NGX.

Cardinalstone and Atlas are in normal condition

Keep eyes on ASI.
Thats the hope of our speculative stocks
Time for stocks to start making move is now.
Tomorrow's trading and beyond will be sweet if ASI move above 145k

emmanuelewumi:
Network issue

Meristemalso seems to have issues today...

Locotrader:
Cardinalstone and Atlas are in normal condition

LeadCapital and Meristem just sent me an email about the downtime.

Locotrader:
Keep eyes on ASI.
Thats the hope of our speculative stocks
Time for stocks to start making move is now.
Tomorrow's trading and beyond will be sweet if ASI move above 145k

You mean all this will happen on disgraced ngx said by one of our friend here?

You sure say ngx no go scatter.
Baba game to scared people n buy at discount no work this time around like oando don cast.

Agba how far, e be like say this loco want right this time around ooooo..

Should we still wait for ASI at 1300, I don dey fear oooo...

Agba pls send updates.

PuristForest:
Meristemalso seems to have issues today...

Since last year, they said it should be resolved this week

Presco right offer closed yesterday.

I just completed payments for mine today and then submitted the filled right documents.

I don't think the promoters have extended the duration of the right offer

ARADEL. -1.16%
CONOIL. ±
ETERNA. ±
OandO. ±

crownprince2017:
Agba how far, e be like say this loco want right this time around ooooo..

Should we still wait for ASI at 1300, I don dey fear oooo...

Agba pls send updates.

NGX can't do anything it likes
Me I no dey enter till close to elections, from November 2026. Make I dey chop my fixed deposit for now

Agbalowomeri:
NGX can't do anything it likes
Me I no dey enter till close to elections, from November 2026. Make I dey chop my fixed deposit for now

Copied boss, updates requested, update dropped.

We feast next year as per boss.

Fixed deposit na small money he dey give oooo..

Agbalowomeri:
NGX can do anything it likes
Me I no dey enter till close to elections, from November 2026. Make I dey chop my fixed deposit for now

Personal decision Analysis.
Stocks use TA,FA,SA etc
You are good in TA.
Oya let's go to chart and see.

I dey pity people wey dey take you serious for this stock business

PuristForest:
Meristemalso seems to have issues today...

Same with Meristem