₦airaland Forum

NSEstudent:
Folks have shouted greed and market bottom for a very long time. Chief among whom is Oga Agba.

This market has a mind of its own.

For avoidance of doubt, I take some profits but largely left winning stocks running. There is no guarantee I will keep them indefinitely.

I wanted to sell all my NB late last year, but the price went down below my targeted price, I ended up selling less than 10%, at about N58. Imagine that I sold all.

There are some stocks I have, with absolutely no intention of selling a single unit in the foreseeable future. Dangcem is one, Presco is the other. MTNN, may be another. Unfortunately, I don't have good units in them.

All these may mean nonsense in some contexts

The regret you feel when a stock you sold appreciates more, is nothing compared to watching your stocks lose millions of paper profits and run into paper losses. So it goes without saying that selling some units is advisable, pertinent even.

I once had a million unit of omatek @70kobo. I sold all 10% hair cut. We move

PenCom raises equity limits for pension funds: what it means for NGX 30 stocks
You may have seen in the news that the National Pension Commission (PenCom) has revised the equity exposure limits for several pension fund categories.
The decision is expected to ease constraints that had limited how much pension funds could invest in shares.
The revision, announced on February 9, 2026, takes immediate effect and applies to all licensed Pension Fund Administrators (PFAs) and custodians.
PenCom amended Section 9 of its investment regulations, increasing equity allocation caps across multiple Retirement Savings Account (RSA) fund classes:
• RSA Fund I: 30% → 35%
• RSA Fund II: 25% → 33%
• RSA Fund III: 10% → 15%
• RSA Fund VI (Active): 25% → 33%
In simple terms, pension funds are now allowed to hold more equities than before.
Why PenCom made the change
According to the Commission, the revision is a targeted response to implementation bottlenecks identified after the 2025 regulatory overhaul.
In practice, here is what that means.
Equity prices performed strongly over the last two years. As a result, several pension funds—especially Fund II and Fund III, which hold the bulk of contributors’ assets—were approaching or breaching their regulatory equity ceilings.
Once that happened, PFAs were forced to rebalance portfolios, often selling equities not because valuations were stretched, but because regulations left them with no choice.
So, rather than allowing regulation to become a drag on portfolio performance or market stability, the Commission opted to reset the limits to reflect current market conditions.
Why NGX 30 stocks are first in line
When pension funds deploy incremental capital, they do it slowly, conservatively, and at scale. Their buying playbook will likely prioritise;
• large market capitalisation
• deep liquidity
• consistent earnings
• strong governance and disclosure
In practical terms, the combination above describes the NGX 30—the most liquid and systemically important stocks on the Nigerian Exchange.
So when new equity headroom opens up, NGX 30 stocks are the path of least resistance.
Even on conservative assumptions, sell-side estimates suggest that hundreds of billions of naira and potentially close to ₦1 trillion could find their way into Nigerian equities as PFAs gradually utilise the new limits.
This matters for two reasons.
Firstly, unlike hot money Pension inflows are patient, price-insensitive over short horizons and structurally anchored.
Second, this kind of capital tends to support sustained re-rating, not one-off spikes. It deepens order books, absorbs supply, and raises the floor on pullbacks.
That’s very different from episodic foreign portfolio inflows that can reverse just as quickly as they arrive.
Why timing still matters
Pension funds do not announce their buying plans so it may be hard to predict what they do next. However, they accumulate quietly and methodically, often before headlines catch up.
By the time trading volumes visibly expand, NGX 30 names start breaking multi-year valuation bands, and analysts begin revising target prices upward, a meaningful portion of the repricing may already be done.
This is why early positioning matters as we have to take positions just in time.
What this means for market leadership
If pension-driven inflows begin to materialise, leadership is likely to remain concentrated in:
• Tier-1 banks
• large consumer names
• systemically important industrials and energy stocks
• dividend paying stocks
In other words, the NGX 30 does not just benefit first it often sets the tone for the rest of the market.
Once those stocks re-rate and liquidity deepen, risk appetite typically trickles down the cap curve.
Finally, it looks like the stars are circling for another bullish 2026.

For those concerned

I'm not so sure what you recommend -- selling to avoid regret -- is wise, although I appreciate it depends on one's investment goals and approach.

The feeling of regret you describe is called loss aversion. It's a powerful psychological motivator that the best investors resist. It nudges you to sell when you shouldn't, and freezes you from buying when you should be aggressive -- all because you're market gazing, i.e., obsessively watching short-term market signals.

In general, I only (rarely) sell when my investment case on a stock has broken down. I bought WAPCO in the 50s because Nigeria needs massive private and government investments in capital assets, because the industry is a price-gouging oligopoly with high competitive barriers, and because Lafarge was the most efficient of the cement makers. I'm willing to take a 50% retracement from the current price to see that thesis play out. I'm not selling until the reasons I bought it deteriorate, or the stock gets to N2,000.

NSEstudent:
...

The regret you feel when a stock you sold appreciates more, is nothing compared to watching your stocks lose millions of paper profits and run into paper losses. So it goes without saying that selling some units is advisable, pertinent even.

handsomebolanle:
I once had a million unit of omatek @70kobo. I sold all 10% hair cut. We move

That's one of those things

leo1234:
For those concerned

Only N2 billion? That is half of Agba's portfolio

Mpeace:
Only N2 billion? That is half of Agba's portfolio

HesInMe:
I'm not so sure what you recommend -- selling to avoid regret -- is wise, although I appreciate it depends on one's investment goals and approach.

The feeling of regret you describe is called loss aversion. It's a powerful psychological motivator that the best investors resist. It nudges you to sell when you shouldn't, and freezes you from buying when you should be aggressive -- all because you're market gazing, i.e., obsessively watching short-term market signals.

In general, I only (rarely) sell when my investment case on a stock has broken down. I bought WAPCO in the 50s because Nigeria needs massive private and government investments in capital assets, because the industry is a price-gouging oligopoly with high competitive barriers, and because Lafarge was the most efficient of the cement makers. I'm willing to take a 50% retracement from the current price to see that thesis play out. I'm not selling until the reasons I bought it deteriorate, or the stock gets to N2,000.

So you will sell WAPCO at 2000.

At least that means you have a price target.

I'm not really deep into analysing stocks now like I used to do. But it's something I will definitely resume later. But we have some semblance. I won't sell Dangcem even if it goes to 200. I bought it much less, and, if I calculate very well, the stock may have paid for its price in dividends over the years.

When you said you bought WAPCO in the 50s, I don't know if you meant when the price was in 50s or in 1950s. I bought that stock in good quantities at less than 30 naira per share. My 'good quantity' is definitely not up to what folks like Sunrisepebble or Oga Emma buys in one tranche

I haven't sold a unit. I considered selling last year at the peak of the takeover, and, by God, I'm thankful that I didn't.

Advice, I don't think I have attained the level to advise anyone on this thread as I have many people I look up to here. But in my short experience so far, I have found that selling can be beneficial when uncertainty abounds, especially when I'm in good profit. If I have no immediate stocks to enter, I always use FSDH and Stanbic.

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

A summary of today's trading session on the NGX

Long term actually, but hearing that it might be a good time to take profits on stocks like Nestle and Seplat got me reconsidering.

feelamong:
what was your game plan at the time you bought?

Mpeace:
Only N2 billion? That is half of Agba's portfolio

Which Agba are you talking about

feelamong:
is that 2B in Naira or in dollars?

Na wetin nairametrics talk be dat

I have 4 stocks at the moment I can never sell. Wapco is one

NSEstudent:
So you will sell WAPCO at 2000.

At least that means you have a price target.

I'm not really deep into analysing stocks now like I used to do. But it's something I will definitely resume later. But we have some semblance. I won't sell Dangcem even if it goes to 200. I bought it much less, and, if I calculate very well, the stock may have paid for its price in dividends over the years.

When you said you bought WAPCO in the 50s, I don't know if you meant when the price was in 50s or in 1950s. I bought that stock in good quantities at less than 30 naira per share. My 'good quantity' is definitely not up to what folks like Sunrisepebble or Oga Emma buys in one tranche

I haven't sold a unit. I considered selling last year at the peak of the takeover, and, by God, I'm thankful that I didn't.

Advice, I don't think I have attained the level to advise anyone on this thread as I have many people I look up to here. But in my short experience so far, I have found that selling can be beneficial when uncertainty abounds, especially when I'm in good profit. If I have no immediate stocks to enter, I always use FSDH and Stanbic.

Market seemed to have responded ro the news favorably though. I will keep holding my few units.

KarlTom:

yMcy56:
Streaming is so slow today .....
It didn't even commence at 10am on the dot....
Data of 10.01 at 10.34
It's well..

Meanwhile, CHAMS buy one get one free....😁
MasterCard has only only 90 days to appeal....and if not done, they'll be slammed with payment of damages to the time of N114bn......
Countdown should be from Dec if I'm right..
After all, it's a big company self, how much is $360m to them.....
Let them pay CHAMS and close the matter joor.....😁

Btw, I don't think I've marketed any stock here before....
Will just post and be reposting on the reason why such stock is good I think.....
When someone was dumping JAIZBANK @N1.50 that time, guess my posts are marketing post shey? Lol.

The person offloading should just keep clearing the bids on the table nah

Madam Mercy, I have 1 million naira to invest in the ICT sector, between MTN and Chams, which of them do you advise I buy? I want to buy a stock that will give at least 100% by the end of the year.

Sunrisepebble:
I have 4 stocks at the moment I can never sell. Wapco is one

Cool

$150k weekly dollar sale to BDCs!!!

We just might hit 1250 soon.

..

Engrblessing:
Madam Mercy, I have 1 million naira to invest in the ICT sector, between MTN and Chams, which of them do you advise I buy? I want to buy a stock that will give at least 100% by the end of the year.

well done,you are thinking well

awesomeJ:
$150k weekly dollar sale to BDCs!!!

We just might hit 1250 soon.

1k will be best

A total of 30 Companies have not yet Submitted their Statement of Financial Report. Among 30 of them, which one are you mostly anticipating?

awesomeJ:
$150k weekly dollar sale to BDCs!!!

We just might hit 1250 soon.

Awesome! A stronger Naira is a WIN for companies that import raw materials and the ones exposed to foreign loans. This will definitely make 2026 a better year for some companies.

UnionDicion
Redstarex

Ginalex:
No play with Megawealth1 o. I can list at least 3 of his stock picks that have over delivered

Deapcap at below 1 naira
PZ at below 35 naira
NB at 29
MTN at 181... So I believe d!e say Unity go deliver. Don't play!

essentialone:
A total of 30 Companies have not yet Submitted their Statement of Financial Report. Among 30 of them, which one are you mostly anticipating?

Seplat and Transcorp

Chief, I am curious to know the other three. Do you mind...?

Sunrisepebble:
I have 4 stocks at the moment I can never sell. Wapco is one

To think that exactly 2 years ago in February of 2024, this same USD was selling for 1900.

Someone with N19m who bought $10k then is now probably going to soon have his money worth just N12m after 2 years, whereas if he had put it any any set of sound stocks on the NGX, it would be worth N60m at least (5x)

If he had diligently picked winners, it would be worth up to N120m(10x)

Even if he had just locked in fixed income at average 26% yield, it would be worth N30m compared to N12m from the preachers of "hold dollars"

Shalom428:
Awesome! A stronger Naira is a WIN for companies that import raw materials and the ones exposed to foreign loans. This will definitely make 2026 a better year for some companies.

It's a win for everyone actually.

Rice will crash further, PMS will crash more. Maybe below N600.

Those of us planning big purchases like a car will save close to N10m on the cost.

etc.

Streetinvestor2:
1k will be best

If market forces take us to 1200, let it stabilize there first and our improved exports can then take us to 1k over time.

1200 is also gonna push our GDP back to $350bn making us the 3rd largest economy in Africa which is slightly less embarrassing than calling us the 4th.

Engrblessing:
Madam Mercy, I have 1 million naira to invest in the ICT sector, between MTN and Chams, which of them do you advise I buy? I want to buy a stock that will give at least 100% by the end of the year.

1 million is too small

Kaczynski:
1 million is too small

Haba, nothing is too small please.

awesomeJ:
$150k weekly dollar sale to BDCs!!!

We just might hit 1250 soon.

I think the latest arrangement is made to close the gap between the official and the parallel market rates.
The news out there is that the cbn has started to buy dollars from the market to slow down the naira appreciation.
Which ever way, I want to the believe the cbn has done well and it is a good one for the country that the naira is doing well.

pluto09:
I think the latest arrangement is made to close the gap between the official and the parallel market rates.
The news out there is that the cbn has started to buy dollars from the market to slow down the naira appreciation.
Which ever way, I want to the believe the cbn has done well and it is a good one for the country that the naira is doing well.

Yes sir 💯💯