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Nigerian Stock Exchange Market Pick Alerts - Investment (6056) - Nairaland

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Re: Nigerian Stock Exchange Market Pick Alerts by samguru(m): 12:55pm On Nov 02, 2020
Excellent report from dangote sugar
EPS of 1.23 in Q3 only and year to date date 2.19.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by anjilgreat(f): 1:03pm On Nov 02, 2020
Zagee:
How many KYC do we have to fill with Morgan? I really don't understand this nonsense directive from NSE. It's almost a quarterly thing!!!

Did Morgan capital inform you that the suspension has got to do with KYC?

I'm also having same issue with my account with meristem and they told me that it's not a problem with them.

CSCS is the one that suspended the account of some of their customers and they are waiting for a feedback from them to know the reason for the suspension.
Re: Nigerian Stock Exchange Market Pick Alerts by ebuka1997: 1:04pm On Nov 02, 2020
pluto09:



Sellers are foreigners.


Where can I subscribe for this please
Re: Nigerian Stock Exchange Market Pick Alerts by Zagee: 1:06pm On Nov 02, 2020
The last mail from Morgan stated that we might have difficulties trading
anjilgreat:


Did Morgan capital inform you that the suspension has got to do with KYC?

I'm also having same issue with my account with meristem and they told me that it's not a problem with them.

CSCS is the one that suspended the account of some of their customers and they are waiting for a feedback from them to know the reason for the suspension.

1 Like 1 Share

Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 1:07pm On Nov 02, 2020
samguru:
Excellent report from dangote sugar
EPS of 1.23 in Q3 only and year to date date 2.19.

Maybe our dividend will be sweeter next yr but Alhaji likes 1.10 every yr
Re: Nigerian Stock Exchange Market Pick Alerts by Zagee: 1:08pm On Nov 02, 2020
Zagee:
The last mail from Morgan stated that we might have difficulties trading and this is the same KYC issued some 3 months ago. I opened an account this March, replied to a KYC update later in the year and now another one??
Re: Nigerian Stock Exchange Market Pick Alerts by samguru(m): 1:19pm On Nov 02, 2020
debeey87:


Maybe our dividend will be sweeter next yr but Alhaji likes 1.10 every yr

Alhaji is very generous he may give us 1.70 next year
Re: Nigerian Stock Exchange Market Pick Alerts by jideflash(m): 1:21pm On Nov 02, 2020
i swear, i don tire sef.
Which yeye KYC again. No warning was sent to investors that havent complied or no way to verify one's KYC status.
Now see how the market is dull today. na so so red, we dey see.

Zagee:
How many KYC do we have to fill with Morgan? I really don't understand this nonsense directive from NSE. It's almost a quarterly thing!!!
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 1:33pm On Nov 02, 2020
jideflash:
i swear, i don tire sef.
Which yeye KYC again. No warning was sent to investors that havent complied or no way to verify one's KYC status.
Now see how the market is dull today. na so so red, we dey see.

That's why I like MERISTEM grin
Re: Nigerian Stock Exchange Market Pick Alerts by zimams: 1:35pm On Nov 02, 2020
I dont think it has to do with the broker. I'm having same problem with Cordros Trade button and they haven't mentioned KYC to me.

Zagee:
The last mail from Morgan stated that we might have difficulties trading
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 1:38pm On Nov 02, 2020
zimams:
I dont think it has to do with the broker. I'm having same problem with Cordros Trade button and they haven't mentioned KYC to me.

It's from nse
Re: Nigerian Stock Exchange Market Pick Alerts by jideflash(m): 1:42pm On Nov 02, 2020
Meritrade sef don start o. its saying Unauthorized when i try to login. and i know i updated my KYC with them. which yeye country be this.

megawealth01:
That's why I like MERISTEM grin
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 1:52pm On Nov 02, 2020
jideflash:
Meritrade sef don start o. its saying Unauthorized when i try to login. and i know i updated my KYC with them. which yeye country be this.

That one na NSE na... Today trade eh grin
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 1:54pm On Nov 02, 2020
Seems OGA THE BIG SMART GUY and others want to pack trades with trailer then sell later... This one market just dey BULL and we no fit trade successfully grin
Re: Nigerian Stock Exchange Market Pick Alerts by sellydion: 2:09pm On Nov 02, 2020
Yes you mentioned it and I asked you why Bro grin

safepaulooo:
Trailer load bought last Friday. Time to FLY

Re: Nigerian Stock Exchange Market Pick Alerts by pluto09(m): 2:11pm On Nov 02, 2020
Equities Market in Review
What a week we had! The bourse rounded off the month of October in grand style, recording its biggest monthly gain in 33 months (since January 2018) and its best October return in 17 years (Oct, 2003). In retrospect, September’s MPR was the turning point for local bulls, since that date; the NGSE ASI has gained c.19%, investors’ holdings have swollen by c.N2.6trn, while no less than N130bn have trickled into the market— average daily trade metrics blossomed c.100% as institutional players resumed equity dealings. Local investors who are being outmuscled at the NTB auction, have had no choice than to plough those maturities into equities, last week’s record (12 year record) closing rate of 0.98% (1-yr paper) added fuel to the raging bullish storm. Amidst all this madness, foreign accounts remain sidelined, exasperated by their inability to access FX, the major active players (SA Funds) have merely been switching positions. Going forward, one would expect that the quality of Q3 numbers of the bellwether firms would be the main influence of market sentiments, with cash rich locals ready to gulp tickers who maintain YoY earnings growth.
.

Let’s look back at last week’s events;

 The bourse gained 639bps last week (6th consecutive weekly gain), mainly driven by gains recorded in the Consumer bucket (+12.2%) and the Banking names (+8.05%), moreover, every other sub sectoral bucket closed in the green WoW. Pertinent to note, that the NSEBNK has turned positive for the year (c.4.4% gain YtD)

Who did what?
Pension funds were the heavy lifters last week, executing block trades in most of the bellwether names; GUARANTY NL, FBNH NL, DANGCEM NL and UBA NL, while we saw some offers in FLOURMILL NL and DANGSUGAR NL. local retail accounts continue to chase high yielding names; nibbling WAPCO NL, ZENITHBA NL, UBA NL and the consumer tickers—speculators were busy in INTBREW NL.

Offshore accounts were mainly switching positions, selling ETI NL, FBNH NL, ACCESS NL and GUINNESS NL to fund purchases in GUARANTY NL, STANBIC and NB NL. We also saw an offshore buyer in MTNN NL late in the week, accumulating 1.4mn units. It also seems the major funds selling GUARANTY NL/ZENITHBA NL have taken a break, with no active offers from those accounts all through the week. We continue to see SA accounts repatriate cash using NEWGOLD NL, with N2.1bn (c.$6mn) dealt last week---I had earlier mentioned that the ETF ticked its highest metrics (both volume and value) in October—N16.5bn ($43mn).

Worthy of Mention
The 1yr NTB paper ticked its lowest closing rate since Bloomberg starting compiling data for Nigerian T-bills (a 12 yr low). The chart below paints the full picture.


Outlook

We project more institutional dealings amidst dwindling local fixed income yields, while market momentum will also be influenced by quality of Q3 numbers of the bellwether tickers.

5 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Seunn11: 2:17pm On Nov 02, 2020
jideflash:
i swear, i don tire sef.
Which yeye KYC again. No warning was sent to investors that havent complied or no way to verify one's KYC status.
Now see how the market is dull today. na so so red, we dey see.


What KYC. Can NSE provide the link so that people can fill in their details if they and the stockbrokers do not have enough sense to do what is needed.

3 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by sellydion: 3:08pm On Nov 02, 2020
It is expected! benefits of reverse integration. grin

samguru:
Excellent report from dangote sugar
EPS of 1.23 in Q3 only and year to date date 2.19.
Re: Nigerian Stock Exchange Market Pick Alerts by ukay2: 3:08pm On Nov 02, 2020
samguru:


Alhaji is very generous he may give us 1.70 next year


Very possible
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 5:27pm On Nov 02, 2020
SEC/FGN to start Capital gain collection from 2021 hence all the KYC.
Re: Nigerian Stock Exchange Market Pick Alerts by dipoolowoo: 6:13pm On Nov 02, 2020
Fidelity Bank 9-month Earnings Drop 3.8% as Profit Jumps 6.8%
https://businesspost.ng/economy/fidelity-bank-9-month-earnings-drop-3-8-as-profit-jumps-6-8/

UAC Nigeria’s Strategy to Invest for Growth Yields Results in Q3
https://businesspost.ng/economy/uac-nigerias-strategy-to-invest-for-growth-yields-results-in-q3/

Merger News Triggers 32.20% Rise in Portland Paints Stocks
https://businesspost.ng/economy/merger-news-triggers-32-20-rise-in-portland-paints-stocks/

Cardinalstone Emerges Most Active Stockbroker for October
https://businesspost.ng/economy/cardinalstone-emerges-most-active-stockbroker-for-october/

Stanbic IBTC Highlights Benefits of Savings, Investment
https://businesspost.ng/banking/stanbic-ibtc-highlights-benefits-of-savings-investment/

Jumia Opens Logistics Service to Third Parties
https://businesspost.ng/brands-products/jumia-opens-logistics-service-to-third-parties/
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 7:34pm On Nov 02, 2020
dipoolowoo:
Fidelity Bank 9-month Earnings Drop 3.8% as Profit Jumps 6.8%
https://businesspost.ng/economy/fidelity-bank-9-month-earnings-drop-3-8-as-profit-jumps-6-8/

UAC Nigeria’s Strategy to Invest for Growth Yields Results in Q3
https://businesspost.ng/economy/uac-nigerias-strategy-to-invest-for-growth-yields-results-in-q3/

Merger News Triggers 32.20% Rise in Portland Paints Stocks
https://businesspost.ng/economy/merger-news-triggers-32-20-rise-in-portland-paints-stocks/

Cardinalstone Emerges Most Active Stockbroker for October
https://businesspost.ng/economy/cardinalstone-emerges-most-active-stockbroker-for-october/

Stanbic IBTC Highlights Benefits of Savings, Investment
https://businesspost.ng/banking/stanbic-ibtc-highlights-benefits-of-savings-investment/

Jumia Opens Logistics Service to Third Parties
https://businesspost.ng/brands-products/jumia-opens-logistics-service-to-third-parties/
Will this be a good one for fidelity? Only time will tell...
Re: Nigerian Stock Exchange Market Pick Alerts by Intendy: 7:40pm On Nov 02, 2020
Stocks with new 52 week highs
Livestock #0.89k
Lasaco #0.34k
Fidson #4.40k
Portland paints #2.82k
Flour mills #28.85k
Re: Nigerian Stock Exchange Market Pick Alerts by afroxyz: 8:36pm On Nov 02, 2020
RabbiDoracle:


The global asset fall should accelerate. EU, US and Asian equities will be battered. Contagion effect will cause others to fall. Circuit breakers should be triggered there.

The foreign index market structure was broken in September 2020. But people were basking in the euphoria.

Activate your contingency plan.

Goodluck.

Which Asian equities? When even the big boys like JP Morgan are increasing investment in Asia. A lotboc.xhinese companies are returning to China because of trump wahala plus the region has managed the pandemic very well which has allowed its economy to recovery at a faster pace than Europe and the US
Re: Nigerian Stock Exchange Market Pick Alerts by ojeysky(m): 6:39am On Nov 03, 2020
megawealth01:
That's why I like MERISTEM grin

Well am on meristem and my account was suspended as well, staff said they are looking into it though
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 8:13am On Nov 03, 2020
ojeysky:


Well am on meristem and my account was suspended as well, staff said they are looking into it though

When you have a nice haircut on paper profit, you will have you acct back working. One more day to go

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by pluto09(m): 9:55am On Nov 03, 2020
ojeysky:


Well am on meristem and my account was suspended as well, staff said they are looking into it though


Meristem are very responsive.
My account was suspended yesterday afternoon. I sent them a mail that I have done the KYC and just about an hour after the suspension on my account was lifted.
Re: Nigerian Stock Exchange Market Pick Alerts by S007: 10:12am On Nov 03, 2020
pluto09:



Meristem are very responsive.
My account was suspended yesterday afternoon. I sent them a mail that I have done the KYC and just about an hour after the suspension on my account was lifted.

Same here. Seems Morgans issue is resolved - for me.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Zagee: 10:16am On Nov 03, 2020
Morgan is up
Re: Nigerian Stock Exchange Market Pick Alerts by faoogoke(m): 10:25am On Nov 03, 2020
anjilgreat:


Did Morgan capital inform you that the suspension has got to do with KYC?

I'm also having same issue with my account with meristem and they told me that it's not a problem with them.

CSCS is the one that suspended the account of some of their customers and they are waiting for a feedback from them to know the reason for the suspension.

United Capital sent email to all stock account holders saying SEC requires everyone to do KYC afresh except those who did theirs in

the past six months.

Its a general requirement.

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