Intendy:
stock with new 52 week lows

UACN plc #15.99k

stock with new 52 week highs

stanbic Ibtc holdings plc #17.80k

Looks like an historical low or at least, as far back as I know. I couldn't resist the urge to take a plunge yesterday at N15.99k. I'll give it time.

fxuser:
market maker mopping all d left overs
#fcmb

Market maker is reputed for price manipulation. Left to market forces, FCMB shouldn't be trading or closing at N1.30 sef

Manonamission:


Looks like an historical low or at least, as far back as I know. I couldn't resist the urge to take a plunge yesterday at N15.99k. I'll give it time.

.

Yea,uacn is looking attractive at the current price.

Manonamission:


Market maker is reputed for price manipulation. Left to market forces, FCMB shouldn't be trading or closing at N1.30 sef

Where should it be closing?
Meanwhile, DIAMOND BANK is tempting me again....

O wow...ok will do that... Thanks man.

emmasoft:



I recommend CSL stockbrokers or Investment One.
you can go to their website download the acct opening form complete it and scan back to them with the necessary documentsyou don;t need to be in their office physically.

Forte Oil
- about to break below N60 !

Ucap
- looking for new new support at N3.50

fxuser:
Ucap
- looking for new new support at N3.50

@ FXUSER, FCMB has been making successive lower closes...1.35..1.34....1.33...1.32...1.31....what is going on 'chartistically'
Can one gamble on diamond now?
Is FCMB likely to pay DIV? Estimate?

pluto09:
.

Yea,uacn is looking attractive at the current price.

I don't underdstand why despite UACN impressive q3 performance SP is heading south. When will fortune turn around for this company, abi na huge debt owed to banks dey kill them

DeRuggedProf:


@ FXUSER, FCMB has been making successive lower closes...1.35..1.34....1.33...1.32...1.31....what is going on 'chartistically'
Can one gamble on diamond now?
Is FCMB likely to pay DIV? Estimate?

loll at chartiscally !

- its a expected pull back after hitting a resistance level
- similar with GTB - failed at 24, Zenith failed at 16
- access failed to hold above 7 , UBA is trying its best to hold on to N5
- lets see if 1.25 will hold some support

Chart
negative divergence spotted
Macd sell sig was on the 18th
Macd above zero
RSI dropping
20dma > 50dma (long term +ve)
looking for support ( 1.25 is first test)

Game play
Some either buy the support after the pull back for trending SP, others buy the breakout when SP closes above prev resistance on strong volume
both require patience

Dis:
Sold some at 1.30 - 1.34 levels
Still very heavy here !
Waiting for support levels and see how RSI behaves
Similar posture with UCAP

safepaulooo:


I don't underdstand why despite UACN impressive q3 performance SP is heading south. When will fortune turn around for this company, abi na huge debt owed to banks dey kill them

stock prices are like women ! very hard to please
lol

Fbn
- 3.50 under test for support
- 30m plus vol so far

safepaulooo:


I don't underdstand why despite UACN impressive q3 performance SP is heading south. When will fortune turn around for this company, abi na huge debt owed to banks dey kill them

There is always a time lag between price of a stock and the fundamentals of the company. Just one more strong quarterlly performance and the price will surely respond positively.

fxuser:



stock prices are like women ! very hard to please
lol

Very hard to please, no be small. Was expecting it would go the way of FCMB at the very least. Well let's see what happens by June for uacn SP

good week !
more to come

stocks with new 52 week lows
custodian #3.33k
UACN #15.20k
mansard #1.52k
stock with new 52 week high
ucap #3.55k

Index moving towards 25,000 !

can't log to our neighbours:
http://www.stockmarketnigeria.com/forums/
Or the close business?

soloniger:
can't log to our neighbours: http://www.stockmarketnigeria.com/forums/ Or the close business?

May be Govt don tackle them on the state of the nation which is about politics.

Nice article

https://www.ft.com/content/e7898528-e897-11e6-967b-c88452263daf

#stocks

Intendy:
http://nse.com.ng/Financial_NewsDocs/16336_SKYE_BANK_-_RESIGNATION_OF_EDS_CORPORATE_ACTIONS_FEBRUARY_2017.pdf

When will skye bank wahala finish?
Can this move be the beginning of turn around?
make we pray for the bank recovery because their problem also affect other small banks in the sector.

locodemy:


When will skye bank wahala finish?
Can this move be the beginning of turn around?
make we pray for the bank recovery because their problem also affect other small banks in the sector.

they are going thru a hard reset

YTD
Nse Consumer Good index -11.20%
Nse Oil/ Gas -7.91%

bloody start

Last week
Forte oil down -15.14%
Total -10.36%
Nestle -9.33%
Uacn -7.37%


bearish big caps

fxuser:
Last week Forte oil down -15.14% Total -10.36% Nestle -9.33% Uacn -7.37%

bearish big caps

Pls who were the top gainers for the week?

WorldStage Newsonline-- The Nigerian Stock Exchange All-Share Index (NSE ASI) and Market Capitalization depreciated by 2.00 percent and 1.84 percent, to close the week at 25,802.54 and N8.892 trillion respectively, as all other indices finished lower with the exception of the NSE Premium Index and NSE Industrial Goods Indices that appreciated by 0.15 percent and 4.37 percent respectively, while the NSE ASeM Index closed flat.

Twenty three equities appreciated in price this week, lower than 29 equities of the previous week.

The week’s 23 equities that appreciated in price were led by Caverton Offshore Group, Lafarge Africa and Unity Bank. They added 15.94 percent, 9.82 percent and 8.11 percent each to close the week at 80 kobo, N44.40 and 80 kobo respectively.

On the other hand, 37 equities depreciated in price, higher than 30 equities of the previous week.

The week’s decliners were led by Forte Oil that dropped 15.14 percent to close at N61, Neimeth followed with a decline of 15.07 percent to close at 62 kobo while UACN depreciated 13.89 percent to close at N2.48.

More at: http://worldstagegroup.com/wap/readnews.php?id=34099

Nice summary for the week.