₦airaland Forum

Cadillac15:
Bros. What went down jare?

I put down my observation in my original post...
Its not common place to see it push towards Full Bid, taking into consideration its recent history of persistent dumping and even more so not especially during this bear era, [and on a day that its FUGZ brothers suffered hits (including GTB with Full Offer)]
When I made that post there was a bid:offer ratio of 11m:500k units (2:15pm) but at market close, there was only about 12k offers left...

There could be something or there could be nothing

#justobserving

Yayira:
Sir can you quote the comment.. I know the picture/graph won't show but the date of comment will

I think it was BBM that posted it, he can help us to repost it again.

mendes911:
And you will still look for more capital to average down at half those prices.

Any calamity that will bring GTB suddenly down to ₦8.00 will not even leave you with any cash, either on your brokerage or bank account.

Make NSE fall first.....Capitals are already cooling down in one tower....

So after buying they will then automatically fly to N100? What if they crash further to N2 each after you must have bought around N8? You haven't seen where someone bought a stock very low for the stock to then fall into abyss?

ukay2:
Make market crash to a level i go buy GTB for 8.00, Zenith for 6.00, UBA for 2.8........i will buy millions of unit in these companies and retire from my work.....

Happy LENTEN season
I don't invest during lent
Halleluyah

Pull back Contd'

busy bears today:

NSE Consumer Goods Index: -2.83%
NSE Industrial Index: -1.61%
NSE Oil and Gas Index: -0.61%
NSE Banking Index: -0.20%

bears visiting other sectors !

GTay:
I put down my observation in my original post...
Its not common place to see it push towards Full Bid, taking into consideration its recent history of persistent dumping and even more so not especially during this bear era, [and on a day that its FUGZ brothers suffered hits (including GTB with Full Offer)]
When I made that post there was a bid:offer ratio of 11m:500k units (2:15pm) but at market close, there was only about 12k offers left...

There could be something or there could be nothing

#justobserving

Ok. The results has been submitted to CBN for validation since 28/01/18 and is due for release anytime soon.

Its possible the CBN inspectors have seen a fantastic result and decided to load up for themselves. Remember how oando dried up 3days before the emir reconciliation news broke out.

Its also possible that the dumper has been exhausted and its now time for the stock to reprice itself.

pluto09:
I think it was BBM that posted it, he can help us to repost it again.

...@Infinitisi actually did at 11:42pm on Jan 11, but below is my version of NSE correlation with Oil

BullBearMkt:
...@Infinitisi actually did at 11:42pm on Jan 11, but below is my version of NSE correlation with Oil

Thank you but there was no comment about oil from him on that date.

First Bank of Nigeria Limited said its 894 quick banking, a USSD-based mobile telephony channel that enables customers to access banking services using any type of phone and without data or internet recorded transactions worth N1 trillion done by 4.5 million customers in 2017, a 250 percent increase compared to what it recorded in 2016.

The bank said it plans to increase its customer base on the USSD platform to over 6.5 million before the end of this year, with over N3 trillion worth of transactions projected to be processed this year. According to FirstBank’s group head, e-business, Chuma Ezirim, over 60 percent of its customers currently use the bank’s digital platforms (FirstMobile, Firstonline, and 894 Banking) to transact accounting for about 21 percent of transactions on the NIBSS Instant Payment platform.

Ezirim noted that a major element of the bank’s strategy is to make payments and collections easier for businesses around the country. Digitizing payment and collections processes not only improve transparency and efficiency but also helps a business to grow. “That is why our 894 service is very useful for our Corporate and SME customers because every Nigerian can pay using 894 irrespective of the type of phone he/she uses, and without the barrier of internet access.”

Speaking on the impact of the bank’s financial inclusion services on customers and the economy, Ezirim said that in addition to providing FirstBank customers a more convenient and faster way to carry out basic banking transactions, the 894 banking service has led to the creation of over 500 new jobs for young Nigerians who assist customers to adopt digital platforms at the various branches of the bank nationwide.

The 894 service is simple, secure, and easy to use, which is why the adoption rate by customers is very high. The channel is enabling the Bank to provide more efficient banking services to its customers and offers a cost-effective growth of the Bank’s retail and commercial banking businesses.

Customers who use 894 are able to check their balance, send/transfer money to any bank account in Nigeria, buy airtime for themselves and for their loved ones, confirm payments, open accounts, and do lots more. The “894 Collection and CashOut” service is effectively designed for businesses to receive payments for goods and services, and to address their cash management challenges.

SOURCE : https://brandspurng.com/firstbank-records-n1trn-transactions-on-its-ussd-platform/

BullBearMkt:
...@Infinitisi actually did at 11:42pm on Jan 11, but below is my version of NSE correlation with Oil

Thanks BBM.

However this isn't a true correlation.

There are some parts they move off together, there are some parts NSE deviates from the oil price.

RabbiDoracle:
Thanks BBM.

However this isn't a true correlation.

There are some parts they move off together, there are some parts NSE deviates from the oil price.

Noticed it too. But the similarity is greater than 60%.

Really learning this period

BullBearMkt:
...@Infinitisi actually did at 11:42pm on Jan 11, but below is my version of NSE correlation with Oil

2005 to 2007, there is a negative correlation.
2007 to 2009, there is a positive correlation.
Close to 2009 to 2012, there is a negative correlation.
2012 to 2015, there is a positive correlation.
2015 to 2016, there is a positive correlation.
Around 2017, there is a negative correlation.

RabbiDoracle:
Thanks BBM.

However this isn't a true correlation.

There are some parts they move off together, there are some parts NSE deviates from the oil price.

Yes, especially in 2012 where they went in opposite directions
Otherwise seems directly proportional

RabbiDoracle:
2005 to 2007, there is a negative correlation.
2007 to 2009, there is a positive correlation.
Close to 2009 to 2012, there is a negative correlation.
2012 to 2015, there is a positive correlation.
2015 to 2016, there is a positive correlation.
Around 2017, there is a negative correlation.

I think explanation to the negative correlation is due to policies that affected NSE while oil was trending up.

2005 to 2007, I think this was during banking consolidation. Correct me if I'm wrong.

Close to 2009, SLS announced banks that were in distress.

Around 2012, I think SLS was sacked.

Early 2017 was when banks were being investigated for connection with minister of petroleum. Correct me if I'm wrong.

Hmmm...that means if the policies were ok, they would have moved off with crude oil.

Ok nauw!!

MSCI MOVEMENT FOR 13 FEBRUARY 2017/GENERAL MARKET CO

The fund made the 1st offloading move yesterday. You can see the effect in the %loss on the Allshare index. It was fairly higher than what we have been seeing in the past few days. That is the strength of monitoring what is the fund is doing for us all to see.

There is no need to panic, we should let out stops get us out of the market. While we minimise committing further funds into the market till the bearish reduces. One of the factors that reduce the bear strenght is the fact that we are close to an earnings season.

[b]I am enjoying following the major funds movement, it is news behind the news. If I am not able to analyse what the fund is doing on my own, I will not mind paying for this information. See what one would have saved be getting our earlier!!!

Caution: This information is for educational purpose only, it is not an investment advise.

RabbiDoracle:
Which station make I tune to.

but you didn't celebrate your radio with us yesterday

"World Radio Day is an observance day held annually on 13 February. World Radio Day is about celebrating radio, why we love it and why we need it today more than ever."
- Wikipedia

yok:
MSCI MOVEMENT FOR 13 FEBRUARY 2017/GENERAL MARKET CO

The fund made the 1st offloading move yesterday. You can see the effect in the %loss on the Allshare index. It was fairly higher than what we have been seeing in the past few days. That is the strength of monitoring what is the fund is doing for us all to see.

There is no need to panic, we should let out stops get us out of the market. While we minimise committing further funds into the market till the bearish reduces. One of the factors that reduce the bear strenght is the fact that we are close to an earnings season.

[b]I am enjoying following the major funds movement, it is news behind the news. If I am not able to analyse what the fund is doing on my own, I will not mind paying for this information. See what one would have saved be getting our earlier!!!

Caution: This information is for educational purpose only, it is not an investment advise.

lol.they have started selling oh. Transcorp and diamond are the worse hit oh. Chai we don enter one chance.

BullBearMkt:
...bear is good, it enables us to get our targeted stocks at a fair price. Now NSE index is just about to get to the trading zone (or equilibrium as some will like to call it) where more buyers will come into the market. Watch out for rejection candles (Pin bar, bullish engulf etc) with rise in volume around the highlighted zone. That is the BULL!

kudos !

#OneLove

yok:
MSCI MOVEMENT FOR 13 FEBRUARY 2017/GENERAL MARKET CO

The fund made the 1st offloading move yesterday. You can see the effect in the %loss on the Allshare index. It was fairly higher than what we have been seeing in the past few days. That is the strength of monitoring what is the fund is doing for us all to see.

There is no need to panic, we should let out stops get us out of the market. While we minimise committing further funds into the market till the bearish reduces. One of the factors that reduce the bear strenght is the fact that we are close to an earnings season.

[b]I am enjoying following the major funds movement, it is news behind the news. If I am not able to analyse what the fund is doing on my own, I will not mind paying for this information. See what one would have saved be getting our earlier!!!

Caution: This information is for educational purpose only, it is not an investment advise.

I hope you are not working for these guys. Their figures still don't add up. Seplat sold only 10 units on the exchange yesterday but they increased their holdings by over 26k units.

One day you will refresh that MSCI website and will get "Page Not Available". By then they are sipping "aligator" juice somewhere in the Caribbean.

https://oilprice.com/oil-price-charts/46

There is still fire on the mountain.

Zenith
- loads of support below N30
- buy area

Fidelity
- price rejection below N3 , buyers are holding a bargains convention on dis support level


Dis:
joining them here

Transcorp
- we shud see further support ard here

dis:
adding to bags here

FBN

- u might call it early days
- N11 looking okay for now
- dis early full bid , i dont understand sha .. but it good . shows buyers are in d region

fxuser:
Zenith
- loads of support below N30
- buy area

Definitely loading a bit more at this zone to bring down my avg from 31 down

fxuser:
Transcorp
- we shud see further support ard here

dis:
adding to bags here

Was hoping for more drops sub 2.0 but seems its 2.0 support is really strong
Stubborn sellers with the 'Take it at 2.0 or leave it stance'

GTay:
Was hoping for more drops sub 2.0 but seems its 2.0 support is really strong
Stubborn sellers with the 'Take it at 2.0 or leave it stance'

Then I don't bother adding to the bids. I hope they run out of patience and sell down. I won't mind adding some at N1.92 and below (it touched N1.85 intra-day the last time)

Manonamission:
Then I don't bother adding to the bids. I hope they run out of patience and sell down. I won't mind adding some at N1.92 and below (it touched N1.85 intra-day the last time)

Wow 1.85 I would have grabbed that with all I had

Oh! what is happening on the Forum, nobody is talking

What is happening on the floor People are just codedly mopping up