₦airaland Forum

tritritri:
Fire everywhere , who did we offend?

No matter how long this night seems to last, morning must come.

Good Time inside of a bad time . Hummmmm.

fxuser:
DangCem CP opens
Tenor 180 days
Dis rate 12.40%
Tenor 270 days
Dis rate 12.65%


this CP mkt is d new flavour for q3 to a4 wt all dat bank liquidity. CBN may raise rates in line with other emerging markets dat are feeling the flight pressures

What's this report for?

UNIONDAC

cording to CNBC, Buffett’s 2016 advice is still the best for riding out any economic or financial crisis: Buy, hold, and don’t watch your investments too closely.
Said Buffett: “If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes.”

mendes911:
When I made mention of Agba using Jazz in addition to his FA/TA skills, we all laughed over it. He said 2nd week of August go bad, it's looking like it will be so.

If only he can agree to share his talisman with me. Just for a year!

Bros don't allow people to descend on me o; I didn't say that

4601CE:
UNIONDAC

Naa Trouble you dey find

Fidelity at 1.66, we are approaching it faster than expected.

Jejebabaa:
Fidelity at 1.66, we are approaching it faster than expected.

YES ooo Accumulation commences at 1.2 and below for me.

Timing is still very important. Warren Stars, it is getting to the time to hit

below the belt

Jejebabaa:
Fidelity at 1.66, we are approaching it faster than expected.

70kobo still far

Agbalowomeri:
70kobo still far

na wa ooh..I must get loan buy at dat price.

Agbalowomeri:
70kobo still far

Haa Haaa environment is different. We are not at recession.

Anyway not is impossible. The Adage from the Sage is rule number 1 don't loose money.

rule number 2, never forget rule 1

mendes911:
Am getting more and more scared. Should global market melt down kick in, cash or no cash, everybody will be in trouble. I doubt Trump will allow things get to that level shaa but never say never, Trump is loco, big time loco.

USD might be king by then.

One can hardly go wrong having part of assets denominated in USD.

sellydion:
Haa Haaa environment is different. We are not at recession.

Anyway not is impossible. The Adage from the Sage is rule number 1 don't loose money.

rule number 2, never forget rule 1

That na my own price; everybody get him own junction
70kobo or no deal

Agbalowomeri:
That na my own price; everybody get him own junction
70kobo or no deal

No problem.

Ugosample:
why do wicked my man

do u think the price RealityShot posted for the stock too low? me dont think so

4601CE:
UNIONDAC

Wetin happen na? Na the stock be the only 'U' ticker wey dey there abi na only im waka come for low prices?
Make you dey nurse your woundjurement from that stock wey trap you, make I dey nurse my own o.

sellydion:
Naa Trouble you dey find

Na so. He no see fidelity, transcorp et all wey dey fall from skyscraper.

Mcy56:
Wetin happen na? Na the stock be the only 'U' ticker wey dey there abi na only im waka come for low prices?
Make you dey nurse your woundjurement from that stock wey trap you, make I dey nurse my own o.

RealityShot:
he seems to understand that there is fire on NSE...
And Dangote flour went from 15N to 1N That kept lots of investors stuck...

When was the bolded?

4601CE:

I await fudelite at 45 kobo.

Bishopking:
I await fudelite at 45 kobo.

This must be Agba's listed stock on NSE.

pluto09:
One can hardly go wrong having part of assets denominated in USD.

Yes but buying USD is just for security of funds unless we will experience same awoff that happened last time, else gain on USD might not surpass 10% - 15%.

Mcy56:
When was the bolded?

Dangote Flour once traded at above N50 (albeit not much of a quantity) before it trottled back over time to below 80k.

This NSE self.....

Jejebabaa:
Fidelity at 1.66, we are approaching it faster than expected.

We haven't started yet until the likes of GTB and Zenith joins...... Am impressed they are still holding their peace.

Agbalowomeri:
Bros don't allow people to descend on me o; I didn't say that

Come and take me to that baba, I don reach village.

mendes911:
Dangote Flour once traded at above N50 (albeit not much of a quantity) before it trottled back over time to below 80k. This NSE self.....

Oh, you mean when Tiger-brand bought it over from Alhaji? If it was then it even went lower than 80k self.
Alhaji later bought it back and the price skyrocketed. These people be toying with shareholders investment anyhow.

mendes911:
Come and take me to that baba, I don reach village.

He no get any baba, no raise your hope.
Na farming things he dey do for village, just tell him to take you to baba wey go lease farmland to you till you go return to NSE town.

NIGERIAN EQUITY MARKET SUMMARY FOR 14TH AUGUST 2018 (Source: Arthur Stevens Asset Management)

BEARS DOMINATE AS YTD RETURN SLIPS TO 7.73%

Trading activities on the Nigerian bourse has now been in the red zone consecutively for 8 days.

Today, the benchmark index , NSE ASI and market capitalization dropped by 0.35% to close at 35,288.23 basis points and N12.883 trillion respectively. Overall year-to-date return now stands at -7.73%.

UBA led the volume log with 26.87 million units followed by LASACO with 12.24 million and FBNH with 11.45 million units. GUARANTY led the value chart with N289.74 million followed by UBA with N250.66 million and STANBIC with N136.80 million.

CBN official exchange rate closed at N306.05/$, I & E FX rate closed at N362.30/$ ,while the parallel market rate closed at N360$. As at 5.20pm, Brent Crude traded at $72.83 p/b in the international commodities market.

ACTIVITY LEVEL
At the end of the trading session, a total 164.51 million units of stocks worth N1.61 billion was exchanged in 3,448 deals. The Financial Services sector for 72% of total volume traded (63% by value), the Consumer Goods sector accounted for 7.10% of volume (21.47% of value), while Oil and Gas accounted for 7.00% of volume (4.38% of value).

MARKET BREADTH CLOSES NEGATIVE

Advancers/Decliners ratio pegged at 0.39x, closing negative for the day with 13 gainers and 33 losers.

MBENEFIT led the gainers chart with an increase of 10% to close at N0.33, followed by CUSTODIAN and LIVESTOCK which gained 9.94% and 9.52% to close at N5.64 and N0.69 respectively. The decliners log was led by ABCTRANS which lost 10% to close at N0.36. Similarly, UNIONDAC and ETERNA shed 10% and 9.72% to close at N0.27 and N6.50 respectively.

ekesoft:
cording to CNBC, Buffett’s 2016 advice is still the best for riding out any economic or financial crisis: Buy, hold, and don’t watch your investments too closely.
Said Buffett: “If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes.”

He wasn’t referring to NSE or any index in Africa when he said that.
Within 2 months Oando went from 100+ to 300 then from 300 to where it is today. Long term on NSE is dicey.. one year slf na buy and be ready to stay woke.

Buffet that won’t even take nestle for free.

prof2007:
NIGERIAN EQUITY MARKET SUMMARY FOR 14TH AUGUST 2018 (Source: Arthur Stevens Asset Management)

BEARS DOMINATE AS YTD RETURN SLIPS TO 7.73%

Trading activities on the Nigerian bourse has now been in the red zone consecutively for 8 days.

Today, the benchmark index , NSE ASI and market capitalization dropped by 0.35% to close at 35,288.23 basis points and N12.883 trillion respectively. Overall year-to-date return now stands at -7.73%.

UBA led the volume log with 26.87 million units followed by LASACO with 12.24 million and FBNH with 11.45 million units. GUARANTY led the value chart with N289.74 million followed by UBA with N250.66 million and STANBIC with N136.80 million.

CBN official exchange rate closed at N306.05/$, I & E FX rate closed at N362.30/$ ,while the parallel market rate closed at N360$. As at 5.20pm, Brent Crude traded at $72.83 p/b in the international commodities market.

ACTIVITY LEVEL
At the end of the trading session, a total 164.51 million units of stocks worth N1.61 billion was exchanged in 3,448 deals. The Financial Services sector for 72% of total volume traded (63% by value), the Consumer Goods sector accounted for 7.10% of volume (21.47% of value), while Oil and Gas accounted for 7.00% of volume (4.38% of value).

MARKET BREADTH CLOSES NEGATIVE

Advancers/Decliners ratio pegged at 0.39x, closing negative for the day with 13 gainers and 33 losers.

MBENEFIT led the gainers chart with an increase of 10% to close at N0.33, followed by CUSTODIAN and LIVESTOCK which gained 9.94% and 9.52% to close at N5.64 and N0.69 respectively. The decliners log was led by ABCTRANS which lost 10% to close at N0.36. Similarly, UNIONDAC and ETERNA shed 10% and 9.72% to close at N0.27 and N6.50 respectively.

Hmmm this uniondac matter funny.. Japaul try.
Anyone that’ll buy that stock should be ready to run before it gets to 0.35 because the supply ahead plenty.
Yayira no kuku sabi run