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Nigerian Stock Exchange Market Pick Alerts - Investment (5549) - Nairaland

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Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 12:15pm On Apr 14, 2020
Gtb: 31M+ bids against 2.8M offers.......
Seems market is waiting for her to lead the race.........let's hope deep pockets are done selling...
Wapco: moneybag showing small small....
FCMB: Panic seller sold it down to 1.63 earlier......it has since moved back to 1.71....
Zee....back to 14...
MTN, Nestle, dangcem.......at the mercy of moneybag now grin.......waiting for 100k to move ...
Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 12:15pm On Apr 14, 2020
veecovee:
Nestle is about to go full bid, with only about 30,000 units transaction today.

How on earth can another more than 70,000 units come to change today's closing price

cc OGG

While doing some research, I came across an article and this is an excerpt from the article

"Note that there are three categories of quoted companies, high-priced, medium-priced and low-priced stocks, based on their market price.

High-priced: These are stocks that are priced at N100 per share or above for at least four of the last six trading months. Also, high-priced stocks can be new security listings that are priced at N100 or above at the time of listing on NSE.

Medium-priced: If a stock trades for at least four of the last six months at N5 to N100 per share, it is classified as medium-priced. Also, medium-priced stocks can be new security listings that are priced between N5 and N100 at the time of listing on NSE.

Low-priced: When a stock trades between one kobo and N5 for at least four of the last six months, they are called low-priced. Also, if new security listings are priced at one kobo per share or below N5 per share at the time of listing on the Exchange, they are categorised as low-priced. This is where majority of the stocks on NSE falls.

For Red Star Express to make it back to the medium-priced category, stockbrokers would need 100,000 shares to change the share price as against 50,000 shares needed for price change as a medium-priced stock.

Meanwhile, stocks under High-priced category only need a minimum of 10,000 units to have a price change."

If this is true, 10,000 units might be enough to move the price of Nestle....

Link to the article
https://nairametrics.com/2019/08/22/red-star-express-in-need-of-cash-months-after-nse-downgrade/

4 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by IYGEAL(m): 12:24pm On Apr 14, 2020
Mcy56:
Gtb: 31M+ bids against 2.8M offers.......
Seems market is waiting for her to lead the race.........let's hope deep pockets are done selling...
Wapco: moneybag showing small small....
FCMB: Panic seller sold it down to 1.63 earlier......it has since moved back to 1.71....
Zee....back to 14...
MTN, Nestle, dangcem.......at the mercy of moneybag now grin.......waiting for 100k to move ...

Zenith Bank....a very interesting stock. Arguably the most liquid in the Exchange.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 12:25pm On Apr 14, 2020
Ehuatamuigunisi:
Hello investors,

I am still learning in stock investment.
I have in my mind medium and long term investment..

I bought Zenith and MTN already and still have money to buy more coys tomorrow.
My target is GTB, Dangcem and more Zenith.

With the upward trend now, is safe to buy at the current price or wait for downward movement.?

Gurus please respond

I need response please
Re: Nigerian Stock Exchange Market Pick Alerts by civilserva: 12:27pm On Apr 14, 2020
How do you people get the live data showing bid and offer?
Re: Nigerian Stock Exchange Market Pick Alerts by lmm4real: 12:28pm On Apr 14, 2020
Ehuatamuigunisi:


I need response please

Hold on.
Re: Nigerian Stock Exchange Market Pick Alerts by IYGEAL(m): 12:33pm On Apr 14, 2020
Zenith has just taken new passengers and left. �
Re: Nigerian Stock Exchange Market Pick Alerts by IYGEAL(m): 12:34pm On Apr 14, 2020
civilserva:
How do you people get the live data showing bid and offer?

Via brokers with online live trading platform.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 12:42pm On Apr 14, 2020
DrAwo:
"Note that there are three categories of quoted companies, high-priced, medium-priced and low-priced stocks, based on their market price.

If this is true, 10,000 units might be enough to move the price of Nestle....
If you check the date on this article, you will notice that it's a bit far.
There was an amendment to the contents thereafter when the big caps started distorting the ASI (when there was lull in the market) and thus crashing the prices anyhow.
The 100k block rule was then enforced on all equity irrespective of their class or category as a quick measure to address the anomally and stabilise the ASI I think.

4 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 12:42pm On Apr 14, 2020
This issue has been over flogged on this platform. Irrespective of the stock, you need 100k units en bloc to change the price.
DrAwo:



1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 12:47pm On Apr 14, 2020
Mcy56:

If you check the date on this article, you will notice that it's a bit far.
There was an amendment to the contents thereafter when the big caps started distorting the ASI (when there was lull in the market) and thus crashing the prices anyhow.
The 100k block rule was then enforced on all equity irrespective of their class or category as a quick measure to address the anomally and stabilise the ASI I think.

Thanks for clarifying things...

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 12:51pm On Apr 14, 2020
DrAwo:
Thanks for clarifying things...
OGG did a comprehensive analysis of this, you may do well to read his posts too.
Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 12:53pm On Apr 14, 2020
Some see UACN at N7.10 and looking at it like cinema tommorow now they blame village��‍♂

3 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 12:53pm On Apr 14, 2020
GTB at 19.80 now....

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 12:54pm On Apr 14, 2020
PETERiCHY:
Some are seeing UACN at N7.10 and they are looking it like cinema tommorow now they blame village sad
grin tongue tongue
Re: Nigerian Stock Exchange Market Pick Alerts by Oakbranch: 12:54pm On Apr 14, 2020
Ehuatamuigunisi:
Hello investors,

I am still learning in stock investment.
I have in my mind medium and long term investment..

I bought Zenith and MTN already and still have money to buy more coys tomorrow.
My target is GTB, Dangcem and more Zenith.you are loaded indeed.na your turn.

With the upward trend now, is safe to buy at the current price or wait for downward movement.?

Gurus please respond
Re: Nigerian Stock Exchange Market Pick Alerts by Danniee(m): 12:57pm On Apr 14, 2020
Is CHIPLC a good buy at the current market price?
Re: Nigerian Stock Exchange Market Pick Alerts by Oakbranch: 12:57pm On Apr 14, 2020
Ehuatamuigunisi:
Hello investors,

I am still learning in stock investment.
I have in my mind medium and long term investment..

I bought Zenith and MTN already and still have money to buy more coys tomorrow.
My target is GTB, Dangcem and more Zenith.

With the upward trend now, is safe to buy at the current price or wait for downward movement.?

Gurus please respond
you are loaded indeed, na your turn.
Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 12:59pm On Apr 14, 2020
IYGEAL:


Zenith Bank....a very interesting stock. Arguably the most liquid in the Exchange.

I give it the most liquid.
Any quantity you want to buy, you get, they have a chinese contractor on a dedicated duplicating desk..... grin grin grin

5 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by ebuka1997: 1:04pm On Apr 14, 2020
seyisanya:
The stock market generally responds to likely future events, not necessarily about the present. The very reason why markets around the world tanked heavily at the wake of COVID-19 and responded positively when government interventions started trickling in. I think the market will generally continue to travel north but will definitely make slight pullbacks here and there as the news of economies re-opening, and the flattening of curves of COVID -19 continue to happen. My advice: Let's stay invested!
true, and also as countries gradually start opening up and activities resume. I heard spain is opening up cautiously setting up a template for how countries apart from China can open up. https://www.mercurynews.com/2020/04/13/spain-cautiously-begins-to-exit-coronavirus-lockdown/

3 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by thesilentone(m): 1:04pm On Apr 14, 2020
Danniee:
Is CHIPLC a good buy at the current market price?

Not sure why you are interested in that particular stock. Enlighten us then we might be able to give an answer

5 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 1:06pm On Apr 14, 2020
Mcy56:
Gtb: 31M+ bids against 2.8M offers.......
Seems market is waiting for her to lead the race.........let's hope deep pockets are done selling...
Wapco: moneybag showing small small....
FCMB: Panic seller sold it down to 1.63 earlier......it has since moved back to 1.71....
Zee....back to 14...
MTN, Nestle, dangcem.......at the mercy of moneybag now grin.......waiting for 100k to move ...

Will those selling fcmb today being qualifying day still get dividend on the 28th?

Panic sellers want to rub us capital appreciation today.
Re: Nigerian Stock Exchange Market Pick Alerts by ebuka1997: 1:06pm On Apr 14, 2020
Mcy56:
Gtb: 31M+ bids against 2.8M offers.......
Seems market is waiting for her to lead the race.........let's hope deep pockets are done selling...
Wapco: moneybag showing small small....
FCMB: Panic seller sold it down to 1.63 earlier......it has since moved back to 1.71....
Zee....back to 14...
MTN, Nestle, dangcem.......at the mercy of moneybag now grin.......waiting for 100k to move ...
javascript:void(0);
have been waiting for this report, I was already afraid today was bearish grin
Re: Nigerian Stock Exchange Market Pick Alerts by ebuka1997: 1:06pm On Apr 14, 2020
Mcy56:
Gtb: 31M+ bids against 2.8M offers.......
Seems market is waiting for her to lead the race.........let's hope deep pockets are done selling...
Wapco: moneybag showing small small....
FCMB: Panic seller sold it down to 1.63 earlier......it has since moved back to 1.71....
Zee....back to 14...
MTN, Nestle, dangcem.......at the mercy of moneybag now grin.......waiting for 100k to move ...
I have been waiting for this report, I was already afraid today was bearish grin

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 1:13pm On Apr 14, 2020
locodemy:
Will those selling fcmb today being qualifying day still get dividend on the 28th?

Panic sellers want to rub us capital appreciation today.
They wouldn't get.
I wonder why they're selling......different investors dey. grin
Re: Nigerian Stock Exchange Market Pick Alerts by seyisanya(m): 1:15pm On Apr 14, 2020
Krisuba:
[quote author=Ehuatamuigunisi post=88429966

U must be really large man or are u just picking 5000 units of d stocks u mentioned!!
grin
Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 1:17pm On Apr 14, 2020
Mcy56:
Gtb: 31M+ bids against 2.8M offers.......
Seems market is waiting for her to lead the race.........let's hope deep pockets are done selling...
Wapco: moneybag showing small small....
FCMB: Panic seller sold it down to 1.63 earlier......it has since moved back to 1.71....
Zee....back to 14...
MTN, Nestle, dangcem.......at the mercy of moneybag now grin.......waiting for 100k to move ...


Seems Nestle don move small..Dangcem just tanda ..maybe cos qualifying date still far small
watching
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 1:19pm On Apr 14, 2020
ebuka1997:
I have been waiting for this report, I was already afraid today was bearish grin
Lol. grin
There's mixed reactions in the market.......the direction wasn't very clear but bear doesn't have a hold on the market so far.........
Investors are somehow cautious, maybe because of the lockdown extension but are coming out little by little to buy.
Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 1:20pm On Apr 14, 2020
Mcy56:

OGG did a comprehensive analysis of this, you may do well to read his posts too.

Chai...
See subtle assignment wey Mcy give person...

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 1:22pm On Apr 14, 2020
lancee:
Seems Nestle don move small..Dangcem just tanda ..maybe cos qualifying date still far small
watching
Dangcem, those accumulating are not yet done in my opinion, once they're ready, they'll move the price. smiley

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 1:23pm On Apr 14, 2020
DrAwo:
Chai...
See subtle assignment wey Mcy give person...
It will be worth it..........just like Pa Emma's. grin

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