₦airaland Forum

DeRuggedProf:
I had expected the leading stocks to have done more than +5% by now.
Something is happening... .
I want to DISCARD EMOTIONS.....BULLS are not SUPPOSED to use the word GENTLE... . BULLS are AGGRESSIVE....

Interbank market report will create aggressive bull.Anyone with idea of when the interbank market will close?

it appears the Naira did not depreciate as much as analysts forecasted, with further clearing of the backlog by CBN it won't be surprising to see gradual appreciation of the Naira few weeks down the line... what would eventually drive the market may not be the currency depreciation (as I believe this as already being factored in with current prices) but influx of foreign investors. yields of 10% or more would be too good to be ignored by them plus the new monetary policy.

Break it down for me to understand apply in stock market and what's the merit and demerit of this

uzoboy86yahoo:
Break it down for me to understand apply in stock market and what's the merit and demerit of this

I believe either ways the direction for the market would be Northwards but the bull may not be as quick/fast as the market expected hence take position and be patient.. just my opinion

SKYE BANK is experiencing free fall since Market opening .

Whats repricing oooo.Break it down for me to understand apply it in stock market and what's the merit and demerit of repricing

uzoboy86yahoo:
Break it down for me to understand apply in stock market and what's the merit and demerit of this

The market will revalue listed stocks following the change in monetary policy. In other words, when the true value of the Naira is determined by market forces, stock prices will readjust to reflect this change.

Look at it this way, A bottle of coke sold for N150 when the Naira exchanged to the dollar at N150/$1. The Naira was then devalued to about N300/$1. You would probably not get same bottle for N150 again especially if its cost component is foreign denominated. The new price will largely depend on market forces. On the NSE, Foreign investors control a large percentage of trades. When they change their dollar to naira, they have more naira to spend and our stocks appear cheap. We should have more naira chasing stocks eventually. In fact, some countries devalue their currency to make their products appear cheap.

That said, if you have positioned already please don't be in a hurry to sell. It just doesn't seem to make sense now. I feel this is that time to wait.

Caveat: I am not a prophet.

TeamUcap hang in there . . Q2 will justify your patience.

....uba on full offer no bid.....
....fcmb on full offer no bid....
....access now 5.92......
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....won't it have been wiser to have sold in the morning and bought now....
....@all yabbing PETERiCHY....he has been justified......
......fear when other are greedy.........
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If you were able to get Zenith at N15.96, welcome to the club

bids drying up . . #MonkeysCooking

interesting times ahead in WAPIC...........its like i will load more of it soonest....

locodemy:
interesting times ahead in WAPIC...........its like i will load more of it soonest....

Are you the CEO of WAPIC?
Because from what i have been seeing and what i am seeing below, even the CEO will think twice.

forbes30:
....uba on full offer no bid.....
....fcmb on full offer no bid....
....access now 5.92......
-------------------------------------------------------------------------------------
....won't it have been wiser to have sold in the morning and bought now....
....@all yabbing PETERiCHY....he has been justified......
......fear when other are greedy.........
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.......are we ready to tell ourselves the truth or keep hoping....?......

...

bought fbnh at 4.28 expecting it to go up as not too many people were keen on selling at that price...one dude just came to spoil the party;he dropped 4.5m units on offer at once,lool

Seems like the market is eyeing FOREX trades going on...

Issue of backlog still affecting trades...but CBN seems to has responded now..

Traders say FMDQ has extended trading by 2 hours to 4pm to allow for trading after the @cenbank responds to bids made earlier today.

Expect more Volatility

Make una see ooo.

My old analogue broker (Signet) has gone digital, with an online portal which I consider better than Morgan's. More data depth than what i have experienced so far on Morgan's itrade

Tnx to the guy that explained the term repricing I now have an idea of what it is.

Can sb tell me the price of gtb

BMZK:
Are you the CEO of WAPIC?
Because from what i have been seeing and what i am seeing below, even the CEO will think twice.

i said interesting times ahead........i dont need the offer/bid status now..............all those offers you see today will soon dry off.........watching mode activated.

Market is not even ready to come down but market makers are just trying to force it down.Allow the bull to settle before correction.

forbes30:
....uba on full offer no bid.....
....fcmb on full offer no bid....
....access now 5.92......
-------------------------------------------------------------------------------------
....won't it have been wiser to have sold in the morning and bought now....
....@all yabbing PETERiCHY....he has been justified......
......fear when other are greedy.........
---------------------------------------------------------------------------------------

Sir u cld have sold this morning its ur choice , everyone has their targets and timing

U re the master of ur portfolio

lancee:
Sir u cld have sold this morning its ur choice , everyone has their targets and timing

U re the master of ur portfolio

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....trust me..... I did.....
....I sold all three.....
....and if this was really promising I could return now.....
........but.......

megainvest:
If you were able to get Zenith at N15.96, welcome to the club

Una money to buy stocks no dey finish.... ?

forbes30:
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....trust me..... I did.....

Good for u ..enjoy ur loot

DeRuggedProf:
Una money to buy stocks no dey finish.... ?

Buying and selling never ends.

banks why are you all in red coat... fx policy no fabour you?

market makers have come again to create fear
Ex: even if u put a 1m bid for UBA at 4.74 , it wont even show on d bid status . . u either take the 4.75 on offer or nothing ! !

fxuser:
market makers have come again to create fear
Ex: even if u put a 1m bid for UBA at 4.74 , it wont even show on d bid status . . u either take the 4.75 on offer or nothing ! !

i dont think its a market maker thing, rather the rule of trade now. Dont forget that uba opened at 4.99 and cant go down below 5 percent

fxuser:
market makers have come again to create fear
Ex: even if u put a 1m bid for UBA at 4.74 , it wont even show on d bid status . . u either take the 4.75 on offer or nothing ! !

I hate this trend and it should checked.You can't be creating unnecessary fear for people to sell.

angelo82:
I hate this trend and it should checked.You can't be creating unnecessary fear for people to sell.

Exactly ..dirty games init