₦airaland Forum

passwelle:
The answer to the "why" is market forces. If you bid high it would open high. You did not and neither did anyone else. All are allowed to bid during pre-market. As to manipulation, it didnt open high and so is within the permitted price range for the day. I guess i should leave you all to your conspiracy theories.

I still believe that the fair thing to do is for stocks to open at their previous day closing prices. That way this manipulation by market makers will not happen. BTW I did bid during pre-market once and I was not allowed!

passwelle:
@ all:
Spend time to learn the rules from the NSE website. Its a treasure trove of information and will avoid you getting misled. Pay attention to the price limits, it will help dispel all these conspiracy theories.
http://www.nse.com.ng/products/equities/market-structure

People use the rules to manipulate. Why should a stock that closed on bid yesterday open 5% lower today, just because some people are allowed to bid what they want before full market open?

EDUECO:
FCMB was on full bid yesterday and still on full bid! But has officially gained 1.12% today. Is like FCMB is about to take over retail banking in Nigeria,loan default is negligible in the retail banking sector with little risk.

But why are they keeping the price band so narrow? You can't bid more than N0.90. Are some people holding it low so they can accumulate first?

ufotty2001:
no name that people in this forum did not call me!!! All those praying for fcmb to get to 0.65k totally disappointed.. Even though fcmb will get to zero I will not sale out my shares dey can only hold my money for long.. This year I promise myself not to make loss!!! All those witches and wizza.rd praying fcmb shd fall to 0.55 and 0.65 are totally sleeping!!!

Looks to me you are not finished making losses since you are emotional about some stocks.

mrsage:
What insurance stock will you recommend for long term?

There are plenty of them that can trap your money for 10 years if you want to go that long.

rebekah2011:
A TOTAL OF 120,000,000 UNITS OF ZENITH INTERNATIONAL BANK PLC (ZENITHBANK) WERE DONE AS OFF-MARKET TRADE TODAY AT N11.00 IN FOUR DEALS. THE DEALS WERE A NEGOTIATED CROSS DEAL BETWEEN, CSL STOCKBROKERS LIMITED (SELLER), STANBIC IBTC STOCKBROKERS LTD (SELLER) AND FORTRESS CAPITAL LTD (BUYER).

Why should i buy higher?

Because you are buying tasere units.

megainvest:
NSE is not down but Morgan is down. There is market data on NSE website and ft.com.

I am also using Inv. One. They seem to be OK.

"Nigeria has asked the World Bank and African Development Bank for $3.5 billion in emergency loans to fill a growing gap in the 2016 budget, FT reports."

Read more at: https://www.thecable.ng/nigeria-asks-for-3-5bn-in-global-emergency-loans

Let's see what the conditionalities will be. Will PMB now be forced to accept devaluation? Has he been holding out on devaluation to have a bargaining chip?

http://www.cnbcafrica.com/news/southern-africa/2016/01/25/explainer-how-currency-markets-work-and-why-the-south-african-rand-is-falling/

A good write up that simplifies the complicated currency devaluation debate. One can easily substitute Naira for Rand in many parts of the article.

NSE is a complicated place. So if Naira is not devalued bank shares will fall? Does it mean that devaluation is good for banks? PMB must shine his eyes on these banks. They may be hoarding looted dollars.

Surprised at the number of forum members still active this Sunday evening by their reaction to this Rencap report. May God reward our efforts this year with good ROE.

ufotty2001:
uba is better but set the buy limit @ 2.90 sell limt 3.. please not a recommendation but a suggestion

This is very ambitious.

chichi234:
PETERICHY is now synonymous with Low Oil price news

May be he is actually an oil trader, or at least in some kind of business in that area. I can't see anybody putting this much time on an issue unless one is making money in it.

veecovee:
if you have less or no experience in stock, pls run away from stocks and buy the land, otherwise you ll regret at last.

Seconded. If he is putting this money away for a few years he should really consider the land.

myjoy085:
I think The money has been paid already, it was deducted automatically from their account domiciled with CBN.

I see. So they should have officially reported to the NSE that they paid just as the other banks did.

myjoy085:
Transcorp were well positioned to benefit from their investment when there is a turnaround in the economy. Presently, the road is tortuous, their significant stake in transcorp hotel is still intact but the problem is the economy, the hospitality industries will perform very poor because of weak purchasing power and poor state of economy( kindly glance at 3rd quarter result of transcorp) the result is not too good. They have debt with banks and with instability in foreign exchange at the moment they will loose much. They have an agreement with some companies to be supplying fruit concentrate but some of the raw materials are imported, with this instability in foreign exchange, I think their will have some problems in fulfilling that obligation.


Skype bank, they have some dark spots including hiding of some money from nnpc during single treasury account which made then to pay heavy amount runs into billions as penalty.

Did they actually pay? I know they tried to explain their way around it. But I have not seen a report of them actually paying those N4b.

SWG1:
I usually scroll down on ur post. But my spirit agrees with u on this. let's not live in false hope. Ur money could do more in the real world to create Jobs and alleviate poverty. But if you still insist on tying it idle on stock market, I guess u should hold till better part of the yr to understand economic direction.

It mustn't be stock all yr round. Understand time and seasons

There is also risk in starting new businesses you do not understand. You need time to build them. There is some virtue in being consistent with what you believe and understand.

Happy New Year my new found friends. Wish all God's grace and favours this year.

Agbalowomeri:
U call this one rally? ok o

When the ASI gained almost 7% in 2 days, what will you call it? May be your own portfolio did not gain?

What's wrong with GTB and Zenith? They are left out of the year end rally.

http://nairametrics.com/media-chat-why-buharis-blunder-about-devaluation-is-worrisome/

Well, anyone waiting for Naira devaluation is on a long thing. Looks like 10% to 20% JIJO may be the way for 2016 unless the so called analysts accept reality and stop scaring people about impending devaluation.

Godisfaithful:
I dey here sir. I wouldn't be surprised if ASI closed above 30,000 tomorrow. Anyway, anything feel happen for our market

Ebi like say today gain of ASI nah just DANGCEM show. Drivers of real rally are GTB and Zenith, and they have not moved. We will see the reaction from tomorrow sha.

PETERiCHY:
https://en.m.wikipedia.org/wiki/Occupy_Nigeria


Occupy Nigeria was a socio-political protest movement that began in Nigeria on Monday, 2 January 2012 in response to the fuel subsidy removal by the Federal Government of President Goodluck Jonathan on Sunday, 1 January 2012. Protests took place across the country,

THE LINK BELOW IS TODAYS NEWS

[http://sunnewsonline.com/new/nlc-alleges-removal-of-fuel-subsidy-prepares-for-showdown/

The Nigeria Labour Congress (NLC) has accused the Federal Government of removing subsidy through the back door without letting Nigerians know about the process.

A statement by the General Secretary of NLC, Dr. Peter Ozo-Eson, declared the union would mobilise to resist the move.

“The chieftains of the ruling All Progressive Congress (APC), who supported and encouraged the massive protests against subsidy removal in 2012 are now preaching the inevitability of subsidy removal.

“The Minister of State for Petroleum, Dr. Ibe Kachikwu, first announced that come next year, the price of petrol would revert to N97 per litre and that subsidy would be phased out.

Two days after, he denied this and stated that what he said was that the price would operate within a band of N87 to N97 and that this did not mean removing the subsidy.

The same minister now says that the price of petrol will now be N85 in January signifying the deregulation of the sector.

“These vacillations and flip flops are, in our view, designed to confuse Nigerians and pave the way for deregulation of petrol prices through the back door,”

HOPE YOU NOW SEE THE APC HYPOCRISY THAT IM TALKING ABOUT?

You guys don spoil SMN with politics, you now wan do same here. Abeg carry go jare.

DeRuggedProf:
The market is a place of very high/uncertain relativity.
The REALIST, at the point of buying from the PESSIMIST(CYNIC) is an OPTIMIST. So in reality, the marketS have no REALISTS, its a flux of near-gamblers!

This is serious analysis. You are a real Prof.

megainvest:
An inspiring story for investors in the house:

Neil McCarthy, a research chemist Neil, began investing in the stock market when he was 34. Today, he has a net worth of about $2.5 million. He was not an expert in the field, but he used to do his market research and stay up to date with the market news and information. When stocks went down, Neil used to buy more. Eventually the market bounced back and he ended up making money. The big remuneration came during the 1990’s bull market when his stock got doubled in three or four years and reached $1 million.

Tim Grittani, a twenty-three year old, turned $1500 into $128,000 in a year. First, he learnt to trade stocks from a brokerage house after which he started trading. To open an account in a brokerage firm, he had to borrow money but he didn’t trade with the borrowed money. He started trading from $1500 at that time. Because of his limited capital, he decided to focus on buying penny stocks as he couldn’t buy costly stocks like of Google or Apple etc. Within the first six months of applying what he learned in the brokerage firm, he made over $40,000. At one point, he bought the stock at 40 cents and sold it at 70 cents-all within 15 minutes- and earned $11,000.

Neil and Tim were not financial analysts but they were common people. They did their market research and stay up to date with the market news and turn few hundred bucks into thousands of dollars. So the takeaway is that you do not need to be an analyst or an expert to invest in stocks and in stock market experts’ opinions might turn out to be opposite of what will happen, so it’s better that you must read and do your homework and then invest in stocks. There are countless examples of people who earned billions of dollars in stock market. Investors like Warren Buffet, Ben Graham and Motley Fool earned billions of dollars by investing in stocks and are experts in the field today.

They should also give example of those who got wiped out. These are the kind of stories that make people come here and start asking of which stocks to buy to make 100% in one week.

zendi:
Tigerbrands on full bid at last.
The dumpers have finally emptied their sacks.

Hope the offers don't show up once the price reaches N1.30. People are only looking for 10% nowadays.

FED rate hike? What FED rate hike? Our NSE is not shaking oo! It is even gaining today!

US Central Bank (The FED) has raised interest rates to 0.25%-0.50%. Lets see how the NSE reacts tomorrow. Hope with all the withdrawal of foreign investors the rate hike has already been priced in.

Elai147:
Turn around which fortune? Was Dangote not the former owner? Why didn't he turn the fortune around before now? The guy has just succeeded in scamming Tiger Brands. The former directors of the company who previously resigned their appointments have all been reappointed. Perhaps the next thing would be to change the name back to Dangote Flour . Dangote is probably going to restabilize the price of the stock at around N2 - N3 and then look for another maga to sell to

Of course the name will be changed back. The departure of the former directors may have had to do with the ownership at the time.