Parisfran:

I know once in 2008 it was because of loss. The other time I can remember was for gain, I think in it was 2018 but I’m not sure of the year.

I see

ayztech:


Really??!! Oya, UBA, see your mates.. gbera oo!!!

Ani ko gbe body kia kia!

Harvestock01:
I hope the cash for AFAM did not come from UBA

Not at all.
It's from Heirs holdings......and maybe from reserve, consortium and bank loan or so.
They'd been preparing for it long before now........could be one of the factors that affected Transcorp that time.......but all is in the past now.
Transcorp used to hover around 3 before.......if I still remember well......is likely going back to that support area....may not be on a straight line or this year sha......and it may be, it depends.

*just my opinion*

We need Rabbi's torchlight at this point because I have never witnessed where about 41 stocks did 8 - 10% in a day o. Asides 26 stocks that did about .3%.

Oracle.....show us the way oooo.

Where is OGG too

talk2tonie:
I wish to express my sincere gratitude to everyone on this thread. I came in here sometime in July 2020 from the treasury bill thread and it has been awesome.
You guys just made 2020 a good year for me and for this I am really grateful.
Thanks to everyone.

Oga declare for boys na. No be thank you we go chop

NSE ASI 5YR High was 45092 on 19/01/2018.

Let's see how this one compares

Lower money market rates are the reasons everyone is trooping to the Capital Market.


It won't last forever.

Lion123:
Sold off some of my Zenith shares today. I'm now ready to be somebody's Sugar Daddy

Can Zenith touch 30 by this time next week?

bigjay01:
NSE ASI 5YR AHigh was 45092 on 19/01/2018.

Let's see how this one compares

2018 was a BUBBLE....I don't think we may get there

OBAGADAFFI:
Lower money market rates are the reasons everyone is trooping to the Capital Market.


It won't last forever.

Remember that more TB will be maturing by this Nov ending. That will be another hot money inside this bad Bubu gofment!!!

otokx:


Can Zenith touch 30 by this time next week?

Be fearful when others are greedy.....101 rule

IYGEAL:
So this Burundi bull was so big NSE has to be overwhelmed into triggering circuit breakers

Have they done that before?

Ndi Onyiuke era (or maybe lately)

sincerelymine:
We need Rabbi's torchlight at this point because I have never witnessed where about 41 stocks did 8 - 10% in a day o. Asides 26 stocks that did about .3%.

Oracle.....show us the way oooo.

Where is OGG too

make u na contribute air flight money for me from the loot, i will go and bring him here

Heishere:


Oga declare for boys na. No be thank you we go chop

6.34% gain today. haaba

currentprice:


make u na contribute air flight money for me from the loot, i will go and bring him here

Loooooool

Equity snapshot....

Finally!!! We reclaim the top spot among equity markets globally. The Nigeria’s equity market is currently the best performing bourse in the world, soaring to a 23.94% YtD gain. As I earlier mentioned, the turning point was the CBN’s decision to revise downwards the MPR by 100bps; from that date, the market has ballooned 30%, with average daily trade metrics more than doubling. The bourse is on track for its first positive yearly close since 2017, and even if (a big IF) offshore sellers turn the taps back on, we have more than enough cushion to absorb any sort of sell pressure. This performance has been a huge reward for the locals who braved the risk of the market even in the face of Covid and FX uncertainty. The only blemish this year has been the inability of offshore players to access FX, inadvertently leaving the fate of the bourse into the hands of locals—it has mainly been a local to local market.

Here are some thoughts on the equities market, this morning;

 First question on your mind….who has been buying? We can confirm that mostly local asset managers (Non-PFAs) have been doing the heavy lifting in the bourse, while retail accounts have also not been left out. The traditional PFAs have also not been left out but more often than not, they balked at the high prices of some of the bellwether counters, however, we did see a few come closer to market levels late last week and early this week. Hard to gauge the trajectory of the speculators, they sell when sentiments are softer and join the bid queue when large buyers step in. In summary, locals are net-buyers of equites right now and with the further retrenchment of NTB rates, one would expect more money to trickle into risk assets.

 The story remains the same on the foreign front. A large chunk of accounts have sat by the sidelines still expecting FX from the CBN. The active players have mostly been SA funds and some EU accounts. These funds have been switching positions since H1; mostly selling ACCESS NL, FBNH NL and ETI NL to fund purchases in NB, STANBIC and GUARANTY NL. We have also seen the persistent use of NEWGOLD NL to repatriate cash..c.N40bn ($105mn) has been repatriated since the turn of the year.

 As at yesterday’s close, the NGSE ASI was trading at P/E of 12.1x—at a 6% discount to its 10-yr average of 12.84x. Current dividend yield prints at 5.84%--a 29% premium to its 10-yr average of 4.54%. Despite the recent jump in prices, the bourse remains cheaper than most of its FM and EM peers (chart below). P/E trading at a 22% discount to the MSCI FM bucket, while Div yield in Nigeria outpaces the MSCI FM bucket by 66%. Prices still have some room to run, before we catch up with our FM peers.



What Next?


Market sentiments would continue to be driven by the state of liquidity in the system, while the present drop in NTB rates would be another short-term catalyst for risky assets. We most likely would not see any strong offshore play till very late in the year/early next year as FX liquidity remains a steady drip. As I mentioned earlier, PFAs are of the opinion that prices are quite expensive, but we have seen steady recalibration in the last 3-4 trading days and we could see more dealings as year-end approaches. One thing is for sure; it would take something drastic for the bourse to erase all of its Ytd gains, for now the market is on course for its 4th positive yearly close in the last 10 years….this has been well earned considering all that has happened in 2020.

[quote author=Harvestock01 post=95963646]

Remember that more TB will be maturing by this Nov ending. That will be another hot money inside this bad Bubu gofment!!![/quote

Nobody wants Tuberculosis

I have been observing dangote sugar since its inception into the NSE and currently it stock sells @ a relatively higher price compared to months ago. Does anyone have insight or opinions as to wether or not the shares be a good pick or long term hold. As I'm scared of its falling.

https://www.youtube.com/watch?v=Rc1iRgrExRg

Oga respond to my PM

currentprice:
6.34% gain today. haaba

currentprice:
6.34% gain today. haaba

A trip down memory lane...

Exactly this situation roped me into NSE (big time) in 2006.

Before then, I had a few stock (mostly moribund) bought around 1987-89 (Dunlop, Rak Unity, Grommac, Nolchem etc)...

Where is our oga Wanaj0? Please come and sound your warning to newbies

WantsandMore:
I have been observing dangote sugar since its inception into the NSE and currently it stock sells @ a relatively higher price compared to months ago. Does anyone have insight or opinions as to wether or not the shares be a good pick or long term hold. As I'm scared of its falling.

... Pls stay away from the market

bigjay01:
NSE ASI 5YR High was 45092 on 19/01/2018.

Let's see how this one compares

i think we are going back there, though the journey wld definitely not be str8

yea i recall this happened in 2008 to stop loss... the ASI was collapsing too quickly at the time.
NSE applied breaks.

Parisfran:

I know once in 2008 it was because of loss. The other time I can remember was for gain, I think in it was 2018 but I’m not sure of the year.

otokx:


Can Zenith touch 30 by this time next week?

PE of 3.95 against GTB's 5.6 means Zee is actually still very undervalued even at current prices. To be honest, most of the banks are still undervalued. One of my ogas in investing says that the minimum price Zee should be trading at, based on fundamentals is N38 upwards. But Nigeria is a strange place, so much that a stock that declared N200b pure profit was trading for as low as N11 in March and people were not rushing it. We'll just wait and see what happens

Mcy56:

Not at all.
It's from Heirs holdings......and maybe from reserve, consortium and bank loan or so.
They'd been preparing for it long before now........could be one of the factors that affected Transcorp that time.......but all is in the past now.
Transcorp used to hover around 3 before.......if I still remember well......is likely going back to that support area....may not be on a straight line or this year sha......and it may be, it depends.

*just my opinion*

Are you sure?


Anyway Tranacorp is indebted to UBA, United Capital and APR.

Heirs Holdings is also indebted to UBA

WantsandMore:
I have been observing dangote sugar since its inception into the NSE and currently it stock sells @ a relatively higher price compared to months ago. Does anyone have insight or opinions as to wether or not the shares be a good pick or long term hold. As I'm scared of its falling.

At current price,you can not see it to buy.

The market is crazily bullish, so investors will keep thrashing fundamental and technical analysis, all investors are concern about is capital appreciation.

bigjay01:


A trip down memory lane...

Exactly this situation roped me into NSE (big time) in 2006.

Before then, I had a few stock (mostly moribund) bought around 1987-89 (Dunlop, Rak Unity, Grommac, Nolchem etc)...

Where is our oga Wanaj0? Please come and sound your warning to newbies

But anyone that entered Dangcem, Zenith and other fundamental stocks will still continue to chop dividend payments and average down if market crashes soon

The train has left the station.
hold your cash and wait for pull back. The risk of losing money grows exponentially every day of this Bull Run' (For those wanting to enter the market now).

WantsandMore:
I have been observing dangote sugar since its inception into the NSE and currently it stock sells @ a relatively higher price compared to months ago. Does anyone have insight or opinions as to wether or not the shares be a good pick or long term hold. As I'm scared of its falling.

All of them are same same Tony,

emmanuelewumi:



Are you sure?


Anyway Tranacorp is indebted to UBA, United Capital and APR.

Heirs Holdings is also indebted to UBA