I hope treasury bill rate will increase now since stock market has fallen. We are holding on to millions and ready to invest

Pointguardusa:
That's really bad. Banks incuring losses although they actually make a lot of profit. Tbh banks in Nigeria rob their customers because the laws them.

I could explain how if you want.

They don't Rob their customers. First of all there is limited GENERAL knowledge on the stock market by an average Nigerian citizen. Second, the financial laws that regulate banking are weak.
Banks in NIGERIA unlike those in the west have invented their own procedures to survive.

opportunes:
Losses in ACCESS (-2.7%), FBNH (-2.2%) and GUARANTY (-9.1%) have seen market capitalisation fell N12.0bn to N12.9trn at the close of trading on the floor of the Nigerian Stock Exchange (NSE) yesterday. Consequently, the development dragged the All-Share Index (ASI) down 9bps to 26,913.70 points while year to date (YTD) loss worsened to -14.4%.

Activity level strengthened as volume and value traded rose 83.1% and 164.2% to 206.7m units and N2.8bn respectively. The top traded stocks by volume were UACN (40.2m units), ACCESS (28.3m units) and GUARANTY (27.7m units) while GUARANTY (N837.7m), ZENITH (N484.6m) and NIGERIAN BREWERIES (N435.3m) led the value chart. Sector performance was bearish as 3 of 6 indices closed negative while the AFR-ICT index remained flat. The Consumer and Industrial Goods indices gained 3.8% and 1bps respectively, following buying interest in DANGSUGAR (+5.9%), NIGERIAN BREWERIES (+9.2%) and CUTIX (+4.1%). Conversely, sell pressures in MANSARD (-8.3%), WAPIC (-7.7%) and LAWUNION (-7.7%) dragged the Insurance index down 2.5%. Likewise, the Banking and Oil & Gas indices closed southward, down 70bps and 3bps respectively, due to declines in ACCESS (-2.7%), FBNH (-2.2%), GUARANTY (-9.1%) and OANDO (-0.3%). Investor sentiment as measured by market breadth (advance/decline ratio) declined to 0.4x from 1.2x recorded from the previous trading session as 8 stocks advanced against 19 decliners. The best performing stocks were CHAMS (+9.9%), UNIONDAC (+9.2%) and DANGSUGAR (+8.6%) while CORNERSTONE (-9.1%), MEDVIEWAIR (-8.7%) and ARBICO (-8.5%) led the laggards.

Analysts at Afrinvest said: “We expect the bearish performance to be sustained in the near term, barring the occurrence of a major catalyst in the market.”

Read more: https://www.dailytrust.com.ng/stock-market-loses-n12bn.html

THOSE WHO WERE PRAISING BUHARI FOR CLOSING THE BORDER SHOULD STILL COME AND DEFEND HIM.

Buhari left the Power Sector in comatose to be pursuring Railway lines and trains.

Insecurity problems such as the Boko Haram, Fulani herdsmen killing etc were not attended to.

Agriculture today in Nigeria is in comatose as the Agricultural sectors needs overhauling that includes the use of modern day technologies.

Buhari waste public fund prospecting for crude oil which price is falling everyday.

If the federal government want Nigeria economy to grow the number one goal they must achieve is the power sector.

There must be constant electricity in Nigeria to grow the economy.

Industries relies on generator to operate and for this they can not perform optimally.

Small business like Artisans such as welders, barbers, tailors, bakers, carpenters can not run their business profitably because of lack of electricity,.

Most of our seaports in the south south region such as Warri port, Koko port, Onne port, Calabar ports are not functioning except the seaport in Apapa Lagos.

Stop being childish. You and I know that our president has disobeyed courts orders, ridiculed a certain section of the country for not voting for him,and embarrassed himself during international interviews.

I thought you were a Christian man. Let's tell ourselves the truth. Buhari is not fit to lead Nigeria .Just because I'm against apc doesn't mean I'm for pdp.

post=84667625:

Market dey very good Oga Dee.
We will bounce back in few weeks.
That is how we roll.



We have been seeing your couple of mentions in recent times Mr Point guard, but we don't need to indulge with you so much.
This sane Nigerian below has the perfect response for you.
He made it easier for us.
Hope you can shove your self-inflicted misery to wherever it belongs now boy?

wink2015:


THOSE WHO WERE PRAISING BUHARI FOR CLOSING THE BORDER SHOULD STILL COME AND DEFEND HIM.

I'm don't like Buhari at all but closing the border was a good move. He should also ban importation of tomato paste.

Lol
See supporter of criminals talking about Christianity o!
Hypocrite.

According to the mentally confused budaatum, the stock market recorded this huge loss because Nigerians are lazy.

Some people are intentionally blind

Pointguardusa:
I'm don't like Buhari at all but closing the border was a good move. He should also ban importation of tomato paste.

It is totally wrong to close the border as those countries that are in Ecowas will still retailate.

If Buhari leaves office and another President comes they will reopen the border as there is no policy consistencies in Nigeria.

So the closure of the Border is misplaced priority as it will only help some few farmers make money but it is not a sustainable wealth.

minasota:
Just because of Buhari's bad government policies......

na bcoz of you wailers

wink2015:


It is totally wrong to close the border as those countries that are in Ecowas will still retailate.

If Buhari leaves office and another President comes they will reopen the border as there is no policy consistencies in Nigeria.

So the closure of the Border is misplaced priority as it will only help some few farmers make money but it is not a foundational wealth.

I never thought of this. It's true. Well farmers of local rice are making money and are happy. The closure of the border is only a temporary solution. Moving forward, the borders have to be manned and secured to curtail smuggling.

minasota:
Just because of Buhari's bad government policies......

www.nairaland.com/attachments/8331014_bubumakesinvestorsfleenigeriacbn_jpeg8c024ba56fba5fb7a560fecb226f7df9

post=84667581:
The Stock Market is all about UPS AND DOWNS.
The faint hearted people should not go near it.
You have been warned.

Do you also have an affidavit instead of a certificate hence your misunderstanding of simple English

Analysts at Afrinvest said: “We expect the bearish performance to be sustained in the near term, barring the occurrence of a major catalyst in the market.”

As it was in the past, is now and ever shall be with El Incompetento.


www.nairaland.com/attachments/2095210_worst_jpeg588f192a23aa02a7b350a8bbe5d18306


www.nairaland.com/attachments/6435544_img20171219192854_jpege40c9e246bee16b1ba0e19f5685e78e1

Wailers, AKA children of hate and perdition will always be in misery

hopexter:


Everything wrong with your country is Buhari..lol

Just the same way if you constitute nuisance, people will point to your father. Get it?

You lack understanding.. We take advantage of both sides... Bearish or bullish

DeeFlask:
Forex traders how market

Freehuman:


Not Buhari's fault. The information there simply shows that it is better to invest in First Bank holdings than Guarantee Trust Bank.
It is also prudent to invest in Chams and Dangsugar.
If Nigeria was a serious country, Nairaland, Innoson would have been the best performing stock while Air peace' stock should have been best in Late October and early November and fallen in Late November.

It's clear you have no idea what the stock market is all about

SarkinYarki:


It's clear you have no idea what the stock market is all about

In the first paragraph I gave an advice on which company's stock a potential investor may invest in if he is to rely on that report.

Second paragraph was Utopian . A fantasy summary of the Nigerian stock market where individuals invest in banks , financial institutions and producers of primary goods rather than technological companies and producer of secondary goods. Investment in Secondary production is likely going to create more employment within the country and reduce the gap in the balance of payment .

Also, my mention of Air peace in the second paragraph was to explain what causes loss in stock Investment. In civilized and mature stock markets in capitalism driven countries no one blames the President for losses in the stock market. Last year, Tesla's investors hurriedly sold their stock at lower prices when Elon Musk streamed himself smoking online . Same happened to Facebook during the analytica breach of privacy.

in all sincerity, I don't understand all these...and I want to

Only fools invest in the stock market
MMM
The 1% keep exchanging wealth among themselves and keep shorting you.

Bad news everywhere.

People still do stock

digitaltrades:
According to the mentally confused budaatum, the stock market recorded this huge loss because Nigerians are lazy.

Some people are intentionally blind

You got evidence for your "according to buda"?

budaatum:

You got evidence for your "according to buda"?

Are you denying yourself like you are won't to do?

digitaltrades:


Are you denying yourself like you are won't to do?

Denying to a lazy fuq like you? Provide evidence for your claim so I can't!

DeeFlask:
Forex traders how market

You think this is a joke

okosodo:
and you think it is as easy as that

Market is really unstable now...
i think everyone should softpedal till next year.
January is not looking good for the British Pound. and the trade war is making alot of things unpredictable....
P.S: Bouncing back is gonna be harder than said.

Am just gonna fold my arms and watch the market till next year.
We loss some we gain some, the year wasnt so bad for me. dont wanna take unhealthy risk.

Whats your candid advice for potential investors
.
.

opportunes:
Losses in ACCESS (-2.7%), FBNH (-2.2%) and GUARANTY (-9.1%) have seen market capitalisation fell N12.0bn to N12.9trn at the close of trading on the floor of the Nigerian Stock Exchange (NSE) yesterday. Consequently, the development dragged the All-Share Index (ASI) down 9bps to 26,913.70 points while year to date (YTD) loss worsened to -14.4%.

Activity level strengthened as volume and value traded rose 83.1% and 164.2% to 206.7m units and N2.8bn respectively. The top traded stocks by volume were UACN (40.2m units), ACCESS (28.3m units) and GUARANTY (27.7m units) while GUARANTY (N837.7m), ZENITH (N484.6m) and NIGERIAN BREWERIES (N435.3m) led the value chart. Sector performance was bearish as 3 of 6 indices closed negative while the AFR-ICT index remained flat. The Consumer and Industrial Goods indices gained 3.8% and 1bps respectively, following buying interest in DANGSUGAR (+5.9%), NIGERIAN BREWERIES (+9.2%) and CUTIX (+4.1%). Conversely, sell pressures in MANSARD (-8.3%), WAPIC (-7.7%) and LAWUNION (-7.7%) dragged the Insurance index down 2.5%. Likewise, the Banking and Oil & Gas indices closed southward, down 70bps and 3bps respectively, due to declines in ACCESS (-2.7%), FBNH (-2.2%), GUARANTY (-9.1%) and OANDO (-0.3%). Investor sentiment as measured by market breadth (advance/decline ratio) declined to 0.4x from 1.2x recorded from the previous trading session as 8 stocks advanced against 19 decliners. The best performing stocks were CHAMS (+9.9%), UNIONDAC (+9.2%) and DANGSUGAR (+8.6%) while CORNERSTONE (-9.1%), MEDVIEWAIR (-8.7%) and ARBICO (-8.5%) led the laggards.

Analysts at Afrinvest said: “We expect the bearish performance to be sustained in the near term, barring the occurrence of a major catalyst in the market.”

Read more: https://www.dailytrust.com.ng/stock-market-loses-n12bn.html

budaatum:

Denying to a lazy fuq like you? Provide evidence for your claim so I can't!

You just exposed yourself. Every wrong thing in buhari administration, you blame it on Nigerians for being lazy.

Is it the religion or tribal affiliation that is controlling your senses and turning you blind to sense?

digitaltrades:


You just exposed yourself. Every wrong thing in buhari administration, you blame it on Nigerians for being lazy.

Why do you lie so much? Where did I blame every wrong thing in buhari administration on an irresponsible lazy fuq like you who can't even take responsibility for yourself?