₦airaland Forum

presiade:
Where is your sense of humor? When I said he should be sent back to Africa, did you take that seriously?

Anyway, going by Trump’s anti-immigrants stance, future Elon Musk from an African country won’t find his way into the U.S. system.

Sorry, I read that literally, perhaps because I've been hearing American leftists rail at Elon since he turned MAGA

chimex38:
It closed at 7.7 yesterday.

Whatever website you used is probably lagging.

Thanks.

Wonderful. Even the report sent to me by Meristem quoted N8.10 amongst others.

Guys,

What are your thoughts on Dangote Sugar Rights Issue?
Is it worth taking up or to wait?
DD will be applied!

Picky1:
Guys,

What are your thoughts on Dangote Sugar Rights Issue?
Is it worth taking up or to wait?
DD will be applied!

The way i see it is that DS is coming out of the dip and i expect that this RI will be successful hence they will have funds to hopefully clear their reds and expand, i committed patient funds to it though. However, if you decide not to take up yours there is no need to waste it, transfer it to someone else that wants it.

I’m not a leftist but an independent (objective) mind. Mind you, MAGAs were the loud ones calling for Musk’s head (deportation) before he started supporting Trump, e.g. Steve Bannon.

zendi:
Sorry, I read that literally, perhaps because I've been hearing American leftists rail at Elon since he turned MAGA

i pray so..i owe everything i know abt stock markt to them those days that their stock trial game used to be hot ....femiero in case you here i hail

nosa2:
I spoke to the owner a few weeks ago I believe he is trying to bring it back

ojeysky:
The way i see it is that DS is coming out of the dip and i expect that this RI will be successful hence they will have funds to hopefully clear their reds and expand, i committed patient funds to it though. However, if you decide not to take up yours there is no need to waste it, transfer it to someone else that wants it.

Sorry please, How do I transfer it?

ppogba:
Thanks.

Wonderful. Even the report sent to me by Meristem quoted N8.10 amongst others.

Seems many websites had this error.


There was a single tranche of over 92million at the last minutes of trade on Monday 15th June @7.7

zendi:
Nearly 5000 present and past SpaceX workers became millionaires through the IPO, not to talk of external billionaire investors, Peter Thiel and other Elon friends.

Elon Musk is good to America.

Life is a game

ghm:
Sorry please, How do I transfer it?

Your stock broker will give you a transfer form and you transfer the rights to another person/entity from the same stockbroker. For instance i use Meristem, if you use Meristem as well, you can transfer to me. I do not know if rights transfer across stockbroker is possible.

i had this really autistic friend in uni we did couple projects together he would fart all the time in public in front of girls and they'd be staring at us like tards but he's been working at spacex for like 7 years if only those chicks knew.

https://open.spotify.com/episode/4bpb7Wv2m687wiIUMwB3yX

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

https://www.youtube.com/watch?v=Szw1PP-uHSg?si=2852s4xhkxxw9Wdx

A few stocks on my radar for today's trading session

Can we please permanently ban Politics from this Thread?

essentialone:
Can we please permanently ban Politics from this Thread?

Geo-Politics actually contributes to the triggers and some part of the sentiments that moves the stock market worldwide.

If Trump megalomaniac decision to attack Iran which caused strait of Hormuz to be closed did not happen, Oil stocks in Nigeria wouldn't have shot up so fast in the past few months to make ASI come to this overbought region.


So do you expect investors not to talk about the war or Trump future behavior?

As much as I don't like politics being discussed here, we can all agree that there are politics that affects the market and it is not wrong to analyze them from time to time on here.

essentialone:
Can we please permanently ban Politics from this Thread?

Kaczynski:
i had this really autistic friend in uni we did couple projects together he would fart all the time in public in front of girls and they'd be staring at us like tards but he's been working at spacex for like 7 years if only those chicks knew.

Rest assured some of them will know.

It will surprise you to know that some would have taken it as their heavenly ministry to monitor him and see what will become of his life. Aproko no dey tire people for Naija.

Well, farting in public in front of people definitely warrants you being looked at like a 'tard' because it goes against simple social graces. Because you will become a millionaire in future doesn't mean you should mess inside my mouth today. I don't understand why the chicks have to 'knew' anything.

Kaczynski:
i had this really autistic friend in uni we did couple projects together he would fart all the time in public in front of girls and they'd be staring at us like tards but he's been working at spacex for like 7 years if only those chicks knew.

deathwing:
Well, farting in public in front of people definitely warrants you being looked at like a 'tard' because it goes against simple social graces. Because you will become a millionaire in future doesn't mean you should mess inside my mouth today. I don't understand why the chicks have to 'knew' anything.

Expensive "mess", I guess

deathwing:
Well, farting in public in front of people definitely warrants you being looked at like a 'tard' because it goes against simple social graces. Because you will become a millionaire in future doesn't mean you should mess inside my mouth today. I don't understand why the chicks have to 'knew' anything.

deathwing:
Well, farting in public in front of people definitely warrants you being looked at like a 'tard' because it goes against simple social graces. Because you will become a millionaire in future doesn't mean you should mess inside my mouth today. I don't understand why the chicks have to 'knew' anything.

Beyond the basics, money is actually overrated

Agbalowomeri:


Beyond the basics, money is actually overrated

Billionaire don drop quote.

As the market is doing your bidding, what are you buying or you are still waiting for asi at 1000 as Peter projected?

Ding

KarlTom:
Ding

Lost but found

JAPAULGOLD opens at limit down (-10%), extending its losing streak to 3 straight sessions and sitting ~32% below its 52-week high.

QUICK RECAP OF MARKET CLOSE 16 JUNE 2026 (Report Extract)- TARGET TECHNICAL

WHAT THE MARKET DID
The stock market fell 0.53% on Tuesday, 16 June 2026. More people sold shares than bought them.

But underneath, big investors were quietly busy. The number of shares traded fell 6%, but the total cash value of trades jumped 17%. That tells us that small traders were scared, while large funds were moving billions of Naira into specific stocks.

WHAT BIG INVESTORS WERE DOING
Buying pressure was strong in stocks like CONOIL and PRESTIGE. Buyers swept up every share available.

===================================

Comparative Summary (16 Jun 2026 vs 15 Jun 2026)
​Details 16 JUN 2026 15 JUN 2026 %CHNG
AllShare In 241984.80 243271.57 -0.53%
Mkt Cap (T) 155.20 156.10 -0.58%
VOL (M) 535.40 569.09 -5.92%
Value (B) 36.74 31.40 +17.01%
Deals 55041 77560 -29.03%
Gainers 19 20 -5.00%
Losers 37 47 -21.28%
YR Gain 55.50% 56.33% -1.47%
Mnth Gain -3.29% -2.77% +18.77%
Wk Gain -1.03% -0.50% +106.00%
Mkt brdth 0.51 0.43 +18.60%
Brent USD 79.74 83.17 -4.12%
Naira NAFEX 1359.33 1357.56 +0.13%
MPR% 26.50% 26.50% +0.00%
​Market Liquidity showed an institutional volume/value divergence as total volume declined by 5.92% while turnover value expanded significantly by 17.01%, indicating high-value block positioning amidst a broader market selloff. Market breadth remains structurally negative at 0.51x despite improving from the previous session, confirming that systemic supply continues to dominate equity floors. With aggregate volume printing at 535.40 million shares, the market remains above the 400M threshold, validating an active Day 2 Bearish Cycle under Taylor's 3-Day Rhythm. The benchmark index contraction was highly systemic across major domestic sectors, with local currency depreciation to 1,359.33 NAFEX further compounding foreign portfolio caution.
===========================
Selling pressure dominated in stocks like XXXX and XXXX. Sellers overwhelmed buyers.

A large block trade of XXXX shares was done at a price above the market. That suggests big money sees that stock as a long-term bargain.

The overall market is below its short-term average, which is a warning sign. It means you should not buy random stocks now. Only buy companies that are showing real strength.

Computer models predict the market has a 43% chance of going up today and a 57% chance of going down. So we are in a short-term downward cycle. Patience is key.

WHICH STOCKS ARE STRONG
XXXX and XXXX are showing good momentum and are ignoring the market's weakness.

XXXX scored perfectly on all technical checks. Big money is actively buying it.

Some major banks like XXXX, XXXX, and XXXX are trading below what they are really worth. They are on sale for patient investors.

STOCKS TO AVOID

Avoid XXXX, XXXX, XXXX, XXXX, XXXX for now.

WHAT TO EXPECT TODAY
The market is likely to be sideways to slightly lower. The main index closed below its short-term average, which puts a brake on buying.

Oil prices have dropped to near 80 dollars per barrel, which may reduce the attraction of the Nigeria market to FDIs.

Expect some early selling pressure, especially in banking stocks, but the market may stabilise later in the session as big investors step in.

BOTTOM LINE
The market is cooling off. Oil prices are down, and banks are under pressure. But big money is not leaving the market – it is just moving from banks into industrial stocks, oil companies, and selected banks like XXXX.

WHAT YOU SHOULD DO
Do not panic sell your strong shares. Avoid weak stocks where big investors are dumping. Consider adding to high-quality stocks like XXXX and the discounted banks while they are on sale.

Keep your position sizes smaller than usual until the market shows a clear recovery signal. Stay patient and focused on strong individual companies.

We can plan with the above for the market today:

Institutional buys: XXXX, XXXX, XXXX

Institutional Selling: XXXX, XXXX

Trend/Sector Picks: XXXX, XXXX, XXXX

Speculative Stock Picks: XXXX

Avoid: XXXX, XXXX, XXXX, XXXX, XXXX

Full Bid Candidates: XXXX

Deap Capital, on Full Bid...

Lowly at the top

toyeoye:
JAPAULGOLD opens at limit down (-10%), extending its losing streak to 3 straight sessions and sitting ~32% below its 52-week high.

Lol, people have realized that a kilo of gold at hand is worth two in the ground?

toyeoye:
JAPAULGOLD opens at limit down (-10%), extending its losing streak to 3 straight sessions and sitting ~32% below its 52-week high.

Agbalowomeri:


Beyond the basics, money is actually overrated

Sir, just mention one thing that is not overated in this life.

Even on Nairaland, we keep hearing, sex is overrated, sex is overrated.

Saying money is overrated may be highly subjective and debatable. But, wetin small pikin like me Sabi?