₦airaland Forum

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

prof2007:
NIGERIAN EQUITY MARKET SUMMARY FOR 14TH AUGUST 2018 (Source: Arthur Stevens Asset Management)
BEARS DOMINATE AS YTD RETURN SLIPS TO 7.73%
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.

mendes911:
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%.

Yayira:
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.

pluto09:
We might not have any stock on the NSE that meet Buffet investment criteria.

tritritri:
Even Zenith?

pluto09:
Not talking about buying USD o.
It could be equities, bond or real estate denominated in dollars, even (bitcoin).

pluto09:
We might not have any stock on the NSE that meet Buffet investment criteria.

tritritri:
Even Zenith?

pluto09:
GTB should be the closest for now.

tritritri:
Even Zenith?

pluto09:
GTB should be the closest for now.

pluto09:
We might not have any stock on the NSE that meet Buffet investment criteria.

pluto09:
Not talking about buying USD o.
It could be equities, bond or real estate denominated in dollars, even (bitcoin).

Coolcash1:
Dipo, Austin Avuru is not the Chief Operating Officer but Chief Executive Officer....Please take note.

Yayira:
Zenith ke ? Not among pls.
Leave zenith for agba and co

tritritri:
Yariya Hope ur preparing to load zenith at 15 , fidelity at 0.70 and dangflour at 5 ...i better join the grave robbers .

Mcy56:

This must be Agba's listed stock on NSE.

Mcy56:
So Eterna lost 10% with all those initial gra-gra in the morning. It is well o.
Sometimes it's not good to follow the crowd when you dont know the reason for their actions. The guy saying he needed it at N6+ better watch his back.

Which of the Prof is this if i may ask anyway? Drugged, Ichimoku or Prof Chibuking81?

Yayira:
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.

mendes911:
Bitcoin? That one that can erode all my capital within minutes.

pluto09:
That is why I put it in bracket.

It all depends on the way you see it.

Let just look at this, someone that bought btc six year ago and the one that bought the best performing stock on the NSE within the same time frame of six years , who do you think would have come out better today.

yok:
MSCI- NIGERIA MOVEMENT FOR 14 AUG 2018/GENERAL COMMENT

All the equities in the fund’s portfolio got the selling touch yesterday 14 August 2018. The bell has been ringing long enough, “time to slow down on buying equities”.

At this point, we need to caution ourselves, in the quest just to make any profit do not be tempted to fill your portfolio with [b]“mom and pop” companies,[/b] they can be very unstable. If there are no good opportunities stay out!!! If you want to test this staying away from the market just check cumulatively how much you have lost in your portfolio (I did mine yesterday), it will amount to a tidy sum. Therefore, stop further buying till market improves. As long as you still visit the forum, you will know when this will happen.

I am not interested in putting any money in the market this moment.

Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling.
Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.

N:B

Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who is doubting the efficacy of following the fund is to look at my recent recommendations for the past 2 months.

fxuser:
further bleeding d mkt . . a long road ahead

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