₦airaland Forum

If OANDO close full bid today then I assume Wale means business this time around...

We might then see wonders from the MM 😜

Parallex Bank Successfully Completes Recapitalisation, Positions For Growth 

https://ait.live/parallex-bank-successfully-completes-recapitalisation-positions-for-accelerated-growth/

If PARALLEX BANK comes to NGX I will comfortably pick their shares. SOLID TEAM 💪

megawealth01:
Parallex Bank Successfully Completes Recapitalisation, Positions For Growth 

https://ait.live/parallex-bank-successfully-completes-recapitalisation-positions-for-accelerated-growth/

If PARALLEX BANK comes to NGX I will comfortably pick their shares. SOLID TEAM 💪

What are your thoughts about DEAPCAP?

The stock seem to be stagnant?

Any recommendations yet

megawealth01:
If OANDO close full bid today then I assume Wale means business this time around...

We might then see wonders from the MM 😜

i dont think it is in his interest that the price should stray too far from 50 until the RI is concluded and bedded.

Only thereafter will/could the price then take of to then anchor debt to equity agreed price. so una still get longggggg way to go.

All fingers crossed 🤞

robobo:
i dont think it is in his interest that the price should stray too far from 50 until the RI is concluded and bedded.

Only thereafter will/could the price then take of to then anchor debt to equity agreed price. so una still get longggggg way to go.

No comment

temi4fash:
What are your thoughts about DEAPCAP?

The stock seem to be stagnant?

Any recommendations yet

It's a two-edged swooord...

robobo:
i dont think it is in his interest that the price should stray too far from 50 until the RI is concluded and bedded.

Only thereafter will/could the price then take of to then anchor debt to equity agreed price. so una still get longggggg way to go.

He doesn't know Wale na 😔

KarlTom:
It's a two-edged swooord...

megawealth01:
He doesn't know Wale na 😔

ok ooooo. i hear unaaaa

robobo:
i dont think it is in his interest that the price should stray too far from 50 until the RI is concluded and bedded.

Only thereafter will/could the price then take of to then anchor debt to equity agreed price. so una still get longggggg way to go.

Me, I just tie wrapper for waist, dey drink ice water

megawealth01:
If OANDO close full bid today then I assume Wale means business this time around...

We might then see wonders from the MM 😜

Not Wale, not Market Makers.
Why not market maker(s) or competent "manipulators" price-pump DAARCOMM and other laggards for us?

With regards to Oando and oil and gas upstream, put your eyes on global events.

(sorry, mdfd)

WOW

I can't wait to see OANDO perform as high as 189

zendi:
Not Wale, not MM......why not market maker(s) or competent "manipulators" price-pump DAARCOMM and other laggards for us?

With regards to Oando and oil and gas upstream, put your eyes on global events.

megawealth01:
WOW

I can't wait to see OANDO perform as high as 189

@Mega189

😂

mikeapollo:


@Mega189

megawealth01:
WOW

I can't wait to see OANDO perform as high as 189

Well, Brent is on the way back from the moon, though still in outer space.
But the crisis is still very much on, and likely to escalate greatly in the coming days.

The Strait of Hormuz is closed by Iran who, emboldened by the spiritual strength from having just cloned back a Kharmenei onto the seat of Supreme Leader, are telling America to bring it on over the Strait.
Trump on his own part is telling Iran that if they don't let off over the Strait, they will begin to see the real war, implying that what they had been seeing was play.

Richard Quest of CNN said this morning that the only reason oil price had not reached maars by now is because there was global oil glut before the crisis started.

I'm watching all this closely because of my Oando JIJO.

War is bad, but I didn't cause it, and cannot settle it.

BETAGLASS
Changes to Board of Directors

https://doclib.ngxgroup.com/Financial_NewsDocs/46246_BETA_GLASS_PLC-BETA_GLASS_PLC_-_PRESS_RELEASE_ON_CHANGES_TO_THE_BOARD_OF_DIRECTORS_CORPORATE_ACTIONS_MARCH_2026.pdf


CHAMS
We are watching out for positive news....
Tomorrow 11th will mark 3 months..
May the heavens favour us 😊

zendi:
Well, Brent is on the way back from the moon, though still in outer space.
But the crisis is still very much on, and likely to escalate greatly in the coming days.

The Strait of Hormuz is closed by Iran who, emboldened by the spiritual strength from having just cloned back a Kharmenei onto the seat of Supreme Leader, are telling America to bring it on over the Strait.
Trump on his own part is telling Iran that if they don't let off over the Strait, they will begin to see the real war, implying that what they had been seeing was play.

Richard Quest of CNN said this morning that the only reason oil price had not reached maars by now is because there was global oil glut before the crisis started.

I'm watching all this closely because of my Oando JIJO.

War is bad, but I didn't cause it, and cannot settle it.

If Iran attacks any ship in the Strait, then they would give US more excuse to strike them and also lose sympathy of the global community

https://www.youtube.com/watch?v=NzOuHi2_fnk

NGX Midday Update for today.

mikeapollo:
If Iran attacks any ship in the Strait, then they would give US more excuse to strike them and also lose sympathy of the global community

Lol what about the vessels that they also sank?

Agbalowomeri:
Lol what about the vessels that they also sank?

Vessels sunk by US or by Iran?

mikeapollo:
If Iran attacks any ship in the Strait, then they would give US more excuse to strike them and also lose sympathy of the global community

How has the global community helped them with their sympathy 😆

mikeapollo:
Vessels sunk by US or by Iran?

by US

The BOT is vexed today...

wow who offended oando?

Na why we told people to stay away unless you are ready to swim with the sharks

Phlinx:
wow who offended oando?

megawealth01:
Na why we told people to stay away unless you are ready to swim with the sharks

According to Loco, the Whales are here! They might help Peter bring it to cicar 40.10 again.
Bargain Hunters eyeing the babe like say them no send am until she enter bedroom!

Agbalowomeri:
Na wa o

LOL, Off course it can only be you sir

LOCO MARKET CONTROL DESK – INSURANCE SECTOR UPDATE
NGX Insurance Index Close – March 10, 2026

3-Line Market Insight
• NGX Insurance Index stabilized after yesterday’s heavy selloff, closing 1,294.29 (+0.04%) but still below the critical 1,300 structure level.
• Market activity showed mixed recovery signals with some strong gainers (NEM, SUNU, Regal, Guinea) but heavy weakness in Mutual Benefits, Fortis Global, Sovereign Trust and Custodian.
• Sector is currently in a liquidity sweep phase around the 1,300 zone, where smart money usually accumulates before a rebound attempt.

NGX INSURANCE INDEX STRUCTURE

Open: 1,293.71
High: 1,317.92
Low: 1,288.80
Close: 1,294.29
Change: +0.58 (+0.04%)

Structure Interpretation
• Index attempted recovery but failed to reclaim 1,300 decisively.
• Market remains in Accumulation / Liquidity Sweep Zone.

Key Levels
Support: 1,280 – 1,290
Major Support: 1,300 (must reclaim)
Resistance: 1,320
Pre-Breakout Corridor: 1,350 – 1,380
Breakout Level: 1,400

Bullish Thesis Invalidation:
If index sustains below 1,300 for multiple sessions, recap rally may delay.

MARKET ENERGY METER

Energy Level: 5.5 / 10

Reason:
• Buyers stepped in after yesterday's panic
• But sector leadership still weak

RISK LEVEL INDICATOR

Risk Level: Medium – High

Reason:
• Index below structure support
• Mixed breadth
• Recap speculation still active

MOMENTUM SURGE ALERT

Strong upside momentum today appeared in:

• NEM Insurance +9.11%
• SUNU Assurance +9.95%
• Regal Insurance +3.48%
• Guinea Insurance +3.82%

These stocks are early rotation signals.

INSURANCE SECTOR CLOSE PRICES
(Official Close Prices – March 10)

AIICO — 4.05 (-2.17%)
Cornerstone — 5.40 (-1.82%)
Consolidated Hallmark — 5.00 (+1.63%)
Custodian — 79.00 (-3.54%)
Fortis Global — 1.32 (-9.59%)
Guinea Insurance — 1.36 (+3.82%)
LASACO — 2.45 (0.00%)
Linkage Assurance — 1.73 (+0.58%)
AXA Mansard — 16.15 (+0.94%)
Mutual Benefits — 4.59 (-10.00%)
NEM Insurance — 34.15 (+9.11%)
Prestige Assurance — 1.55 (-6.63%)
Regal Insurance — 1.19 (+3.48%)
Royal Exchange — 1.82 (-1.62%)
Sovereign Trust — 2.30 (-8.00%)
SUNU Assurance — 4.75 (+9.95%)
Universal Insurance — 1.36 (-1.45%)
Veritas Kapital — 2.29 (-0.43%)
Wapic Insurance — 3.29 (+0.92%)

TOP 3 INSURANCE GAINERS

1️⃣ SUNU Assurance +9.95%
2️⃣ NEM Insurance +9.11%
3️⃣ Guinea Insurance +3.82%

TOP 3 INSURANCE LOSERS

1️⃣ Mutual Benefits -10.00%
2️⃣ Fortis Global -9.59%
3️⃣ Sovereign Trust -8.00%

TIER-1 LEADERSHIP CONFIRMATION

Custodian → Weak (-3.54%)
NEM → Strong (+9.11%)
AXA Mansard → Positive (+0.94%)

Interpretation:
• NEM carried leadership today
• Custodian weakness is holding the index down

INSURANCE TRADING PICKS
(Recap Cycle Momentum)

Primary Trading Stocks
• NEM Insurance
• SUNU Assurance
• Veritas Kapital

Momentum Watch
• AIICO Insurance
• LASACO Assurance
• WAPIC Insurance

SPECULATIVE RECAPITALIZATION PLAYS

High-risk recap rotation stocks:

• Regal Insurance
• Guinea Insurance
• Universal Insurance
• Prestige Assurance

These usually move after liquidity stabilizes in the sector.

ROYAL EXCHANGE TACTICAL WATCH

Royal Exchange Close: 1.82 (-1.62%)

Observations:
• Price consolidating between 1.80 – 1.90
• Volume relatively light today
• Market waiting for recapitalization positioning flows

Key Levels:

Support: 1.80
Resistance: 2.00

If volume expansion above 15m–20m shares appears, Royalex may enter its next speculative wave.

TOMORROW'S MONEY FOCUS

For the index to recover above 1,300, the following must lead:

• Custodian Investment
• NEM Insurance
• AXA Mansard

Then capital should rotate to:

AIICO
LASACO
Veritas
WAPIC

Finally speculation will enter:

Sovereign Trust
Fortis Global
Royal Exchange

NEXT-DAY TRADING LEVELS

Index Reclaim Trigger: 1,300
Momentum Trigger: 1,320
Recovery Zone: 1,350 – 1,380

Downside Risk Level: 1,280

LOCO’S TACTICAL CONCLUSION

The market is currently in a classic recapitalization liquidity sweep phase.

The brief breakdown below 1,300 likely flushed weak hands before accumulation begins.

If the index reclaims 1,300 with rising sector volume in the next 1–3 sessions, it will confirm:

False Breakdown → Institutional Accumulation → Move toward 1,350 corridor.

Traders should focus on NEM, SUNU, Veritas, AIICO and LASACO as the next rotation leaders while watching Custodian for index recovery confirmation.

megawealth01:
No comment

Thanks for taking out time to respond.