I think we need to interpret what is happening in global stock markets especially US as it relates with ours.like someone said earlier, it's a health issue not a financial crisis.

The reason for the volatility of Dow is the spike in the cases of the virus in the country. This will definitely lead to panic and fear hence the selling spree.

Coming back home, there has only been 2 cases here in Nigeria. Our exchange has had it's fair share of the volatility. Most stocks have either reached their 52wk low or broken it and are reversing.

I am of the opinion that although there might be drop in prices of stocks but it will not be as bad as few weeks ago.

Ibrahim505:

They're closing their register tonight.

They are not closing the register today o.

Ibrahim505:

They're closing their register tonight.

Which means who buy tomorrow no go follow chop the up coming dividend?

... not read that stuff they sent.

veecovee:


Which means who buy tomorrow no go follow chop the up coming dividend?

No, it is closing of books and board meeting.

After the meeting we will know what's up

I have not gotten my 1 million naira zenith alert. I have checked my email 50 times today. Eshin baddest. Ogun owo

Michael820:
Hi, house.

I am very new to stock investment, I majorly invest in money market mutual fund but with the current cut in TB rate which drives mutual fund rate to around 5-6% and inflation around 12% I was forced to look into stock, so I both Mtn stock (@129) and GTB(@28) but with the current market condition I am really getting scared of my position. would you advise I count my lose and sell or I should just wait? I was expecting Mtn to at least rise cause of there good quarterly report but na lie..

Any input is well appreciated.

thanks

Oga chill. Stock market is a market for the brave. No issues here bro, you need some patience

Zenith just landed

Have you ever heard of the word "dropshipping".


Dropshipping in Nigeria is a lot more cost effective than wholesale. Wholesale in Nigeria is costly as you need to bulk order products without knowing if you will sell all the stock you have received. With dropshipping you don’t need to place an order with your supplier until a customer has placed an order with you.

Michael820:
Hi, house.

I am very new to stock investment, I majorly invest in money market mutual fund but with the current cut in TB rate which drives mutual fund rate to around 5-6% and inflation around 12% I was forced to look into stock, so I both Mtn stock (@129) and GTB(@28) but with the current market condition I am really getting scared of my position. would you advise I count my lose and sell or I should just wait? I was expecting Mtn to at least rise cause of there good quarterly report but na lie..

Any input is well appreciated.

thanks

Haaaaaa, count which loss? Even if nah afolabi units you bought, the loss go shake you small ooo considering the current prices of these stocks. Sir, you bought into sound companies so just wait it out and enjoy your dividend while you await market recovery. In fact, if the cash still dey, abeg continue to buy more in accordance with your investment plan(weekly, monthly or quarterly).

TLAX:


Bonanza full ground o. If dem tell me for January say i go see Zenith at N11 and GTB at 18, na laugh i for laugh like Sarah.

That's market, is good to have cash at hand all the time .

Ekuu mkt o

NSE go be somehow tomorrow

Dow losing 3000 points Lol

nna777:
I think we need to interpret what is happening in global stock markets especially US as it relates with ours.like someone said earlier, it's a health issue not a financial crisis.

The reason for the volatility of Dow is the spike in the cases of the virus in the country. This will definitely lead to panic and fear hence the selling spree.

Coming back home, there has only been 2 cases here in Nigeria. Our exchange has had it's fair share of the volatility. Most stocks have either reached their 52wk low or broken it and are reversing.

I am of the opinion that although there might be drop in prices of stocks but it will not be as bad as few weeks ago.

Just be ready for anything

hmohammed:
I have not gotten my 1 million naira zenith alert. I have checked my email 50 times today. Eshin baddest. Ogun owo

I just got an alert of 13,500 for my 10,893 units of zenith PLC. I no understand this one.abi na wayo .

currentprice:
NSE go be somehow tomorrow

I want it down so we can rest and know our status

hmohammed:
I have not gotten my 1 million naira zenith alert. I have checked my email 50 times today. Eshin baddest. Ogun owo

when i grow up, i'd like to be collecting such amount like you.
Meanwhile no de harass us with figures na? a lot of us also collect tidy sums, no need to be bandying figures upandan

bigjay01:


when i grow up, i'd like to be collecting such amount like you.
Meanwhile no de harass us with figures na? a lot of us also collect tidy sums, no need to be bandying figures upandan

Those of us with only mini afolabi units just "hide our faces" after reading his post.

Oakbranch:
I just got an alert of 13,500 for my 10,893 units of zenith PLC. I no understand this one.abi na wayo .

This got me laughing hard. chai!!!.

currentprice:
NSE go be somehow tomorrow

Everything is going south, one direction, stocks & commodities.

Even Gold is following them, everyone want to hold cash.

It only shows the amount of panic and fear out there.

We go dey alright las las.

Agbalowomeri:

Just be ready for anything

I just check Dow. Cold catch me small.

Oakbranch:
I just got an alert of 13,500 for my 10,893 units of zenith PLC. I no understand this one.abi na wayo .

you shld expect about #24509.25(=10893*2.5*0.9). Maybe the 10893 is held in more than 1 account with the registrars. Pls enusre all accounts are mandated. Best is to consolidate all (if held severally)

currentprice:
NSE go be somehow tomorrow

make the thing come down so that we can buy more.

Rightnow newbies that recently joined NSE with hope of striking gold

yom2:
but what is happening now can trigger any of those maladies

I think the responses thus far will at least prevent such from happening... Central banks, govts are even front-loading solutions to these problems. And if and that's a big IF, any of this happens, it will be a soft landing one...

BTW, this moment is what Warren Buffet talked about - Four or five times during their lifetimes, investors will see incredible opportunities in equity markets and they have to have the mental fortitude to jump in when most are jumping out.
if you know, you know.... No shaking!

Marlianvestor:


I think the responses thus far will at least prevent such from happening... Central banks, govts are even front-loading solutions to these problems. And if and that's a big IF, any of this happens, it will be a soft landing one...

BTW, this moment is what Warren Buffet talked about - Four or five times during their lifetimes, investors will see incredible opportunities in equity markets and they have to have the mental fortitude to jump in when most are jumping out.
if you know, you know.... No shaking!

Well said !

Oracle come see your food is ready

Decline in Earnings, Profitability Worries Transcorp Board
https://businesspost.ng/economy/decline-in-earnings-profitability-worries-transcorp-plc-board/

COVID-19: CBN Slashes Interest Rates to 5% to Support Economy
https://businesspost.ng/economy/covid-19-cbn-slashes-interest-rates-to-5-to-support-economy/

Coronavirus: Travellers from Europe to Undergo Screening—FG
https://businesspost.ng/health/coronavirus-travellers-from-europe-to-undergo-screening-fg/

Unlisted Securities Index Depreciates by 14.85 Points Monday
https://businesspost.ng/economy/unlisted-securities-index-depreciates-by-14-85-points-monday/

COVID-19: Nigeria to Lose $20bn in Crude Oil Export Revenue
https://businesspost.ng/economy/covid-19-nigeria-to-lose-20bn-in-crude-oil-export-revenue/

Oil to Remain Bearish This Week
https://businesspost.ng/economy/oil-to-remain-bearish-this-week/

Vibrant Commodities Market Will End Poverty, Create Jobs—Osinbajo
https://businesspost.ng/economy/vibrant-commodities-market-will-end-poverty-create-jobs-osinbajo/

https://www.abokifx.com/news/nse-prepares-for-halt-as-stocks-hit-lowest-prices-the-nation


Can we still get zee for free @ 5 naira ,..Bonanza continues

Hopefully everything gonna be alright

This thing may spiral out of control!