₦airaland Forum

C[b] CBN Revoke Licence of 46 Microfinance Banks[/b]

* Check if your MFB is there

https://www.facebook.com/100069189460128/posts/1343642374618732/?app=fbl

All these analysis because of the red in market....
People will always say something to justify anything whereas the cause of the downturn in the market is majorly unknown.....

Meanwhile, ARADEL is getting some patronage in the market despite being down........lots of picks at days low, 1275.80.....
Offers drastically reducing....
Those guys crossing are now buying on the floor I think....
Hope they move it back up today.......

chimex38:
I recall this.
I think it was Fitch, moody and these foreign renowed credit agencies that were downgrading Africans financial institutions and companies like African EXIM bank with low and poor credit ratings.
Making it difficult for Africa financial and business institutions to access more international funds an contracts and African businesses pay more interest on borrowed funds.

So Africa decided to initiate and create it's own Credit rating agency by Africans for Africans called Africa Credit Rating Agency-AFCRA that fairly rates African businesses and finance firms.
Since then it has boosted African chances of securing funding, contracts, fair borrowing rates and other influence with the rest of the world.

Well said.
Thanks for this reminder 👍
If they like, let them hold their ratings or even cancel it, na them sabi, they shouldn't come and dictate what we should or shouldn't do for us.

deathwing:
Nobody is taking note. Buy it all by yourself.

This also cracked me up 🤣
Bargainer hunters don vex 😁

Yoursfaithful:
I knew it that this Ngx every month transition will backfire one way or the other..

With inflation, exchange rates going up, companies delivering good results with wonderfuls ROIs, etc.....did we expect the prices to still remain kobo kobo that it used to be?
Prices of stocks are bound to adjust to economic realities, and thats what NGX does.
We could say it's a bit over-stretched but the adjustment was/is very necessary.....

Correction is currently going on....for how long or how low do we expect the prices to adjust to?

Anyway, FTSE Russell's classification was just to see how better they can make use of the opportunity the Frontier Market classification is presenting by trying to review it...
It was scheduled for September and they're getting back on it by August ending.....

In my opinion, the T+1 was made to even favour them more.....
It's in line with best practices worldwide.

isaacosas01:
This isn’t good. Didn’t the ngx consider this before implementing T+1

NGX doesn't have to consider foreigners ahead of locals
And between, FTSE Russell is just trying to be dramatic because the implementation was made purposely because of foreigners, for ease of transactions and repatriation of funds, amongst others..

So if they are not comfortable with our policies, let's them carry their wahala and go.

For the past 2 or more years that NGX has been delivering, was it as a result of their classification in the first place?
We don't even want foreign participation in our market to be higher than that of indigenous', because they used to end up messing up such economy.

@Streetinvestor2, did you remember when one international Rating Agency was trying to do nonsense that year?
People told them to hold their ratings, and NGX even performed better thereafter...

essentialone:
Has anyone received the Dividend of FCMB Bank Plc today?

FCMB has paid.
Paid today.

Agbalowomeri:
Why is your bias for accumulated and not sold?

It takes two to tango..
There can't be sellers without corresponding buyers 😊

Mpeace:
I think we are yet to fully get the story on this Aradel. For over three months now, Billions have been going in on a daily. I mean like 5-8billion per day.
Yet no Corporate disclosure. The day we go see disclosure all of us go shock.
Maybe by then the person have accumulated like 51% of the stock.

Na so...
N11.6Billion spent today again

Peter and his bargain hunters will see this kind of chain trades and will still be like "I'm waiting for it at circa 200" 😁
Small time we'll wonder how the rich are getting richer....... 🥹

ARADEL
Over N4.8bn picked closed to 4m units as at now.....
Accumulations/Cross Deals going on in series of 95k bulk units...

* N5.9bn......N6.75......N9.4.....11.59...

There's one fearful Oga doing gra-gra with over 600k units in ARADEL....
He had to place it in days low not long now.....and, bargainers are currently slicing it.....
Make he no drag the price down with his oversabi o ....because some of us fit curse am for doing so....😁

I understood someone somewhere too will be praying for 100k movement, this life no balance.....😊

Bimmms:
Pls , how can I track the live share price of any stock at any particular time of the trading session ?

You can visit here:
https://ngxgroup.com/exchange/data/equities-price-list/

Be refreshing the site because there could be some 3-5 minutes delay in data

* If you're registered with any broker with iTrade portal, you can also track it.

deathwing:
MTN at 690

Bargainers increasing here and bids also increasing.....
* Though MTNN is still selling below yesterday's closing price......but selling pressures seems to be reducing.....
Let's hope it's not too early to make this conclusion...

Trades in ARADEL could be some coded accumulations from the look of things...

*Meanwhile, today is 30th June is the last trading day for H1 2026*

** Caveat: Not any form of advice**

Agbalowomeri:
It will first bounce from 25 before moving to 15

Una well done sir 🙄🤔

Btw, the analysts are still bullish about the market ironically....
Claiming that what we are witnessing is still market correction and not bear market....

This is still a retailers market from the look of things......we are just hoping that MMs and Institutional investors will step in to stabilize the share prices....

Beeron:
Disregard that loss, it's called paper loss. As long as you are not needing that money invested to feed. Close your investment app for now and go attend to other life issues.

I am strongly against buying the dip for now except you have enough cash to spare. But even if you do have the cash — by my calculation, Aradel will still go down further so hold on and only buy the dip on recovery otherwise, you will keep buying the dip and the dip will keep dipping.

I can help you figure out the recovery phase.

But to keep things simple, just hold on because Aradel business isn't dead yet.

He was asking if to sell now, book profit and maybe re-enter lower....

egojeny1:
Bro, pls any hint why PZ has been on full offer for days now?

- Financial Year End of PZ is MAY
- Q4 result is expected anytime after the Board meeting and approval
- Board Meeting has been scheduled for 30th June....but seems there's a mix up in the day and date.....
* I think it's still on full offer because there's general bearish mode in the market and, because investors don't know what to expect......but there has been coded Cross Deals before now.

This is just my opinion anyway.

Meanwhile, bargainers are on queue at different junction from 40 and below to enter OANDO.....

Once it reverses up, Peter will come and tell us how he entered at bottom price, now he's still nursing wounds 😁

deathwing:
Been thinking of the possibility of HBM going private and wondering if not to accumulate DANGCEM at this prices since they will increase flairs and list on LSE. What’s the wisdom on the streets? 👀

I share your opinion too...

presiade:
You’re wicked. Someone said he’s being bashed (receiving upper cut) everywhere he goes, with blood gushing freely, you’re still asking if there’s any dip yet. You wan pai the guy?

What should we expect from Agba in the first place? 😁
Even when there's Bull 🐂 he was shouting Bear 🐻
For more than a year, the more he shouts Bear, the more Bull rages on..
Now that there's something that looks like appearance of Bear, what do we expect? Lol.
** Agba left market when GTB did 100%......bought @18 sold @36/38, since then he's been looking for opportunities to re-enter but no way till now.. 😁

** In my opinion, what we are witnessing in the market doesn't look like Bear yet because Banking Sector always leads.......but so far, banks are still holding up....
** Also, bear comes with lots of -10% in most stocks and people just want to sell at any price and leave.......but so far, we still have bids and offers on the table of many stocks...
** There'll be less participation or buying of shares by investors and many stocks will be on full offer in bear market...
** Etc...

** These are just my observations and I still believe it's market correction like the ogas said..
* We see how next week and the following goes first..

Oasisblue:
Lol. If I tell you how much I lose daily each time Aradel, DangCem and NAHCO shed 10% you go follow me weep. But, its all part of the process. I invested for the longterm and I am not a trader. Hence, I know things will rebalance soon. In fact I will add more to these stocks if they fall further. So far Nigeria is stable and this current adminsitration continues next year, the NGX will rebound.

DANGCEM already found support.....
I hope it's not broken.....
I think the director that sold at discount was the cause of its 10% fall on Wednesday or so.

ARADEL should find support on Monday from observation of tradings so far...
*All things being equal*

* Though ARADEL is presently facing selling pressures.....by Monday/Tuesday it should find support*

ghm:
Please, I kindly seek your advice – should I sell my Aradel shares? Honestly, I am at a loss as to what to do.

My average price is below ₦800, and my P&L is over 147%.

Your guidance would be greatly appreciated.

Like Toyeoye said, has anything changed in the fundamentals of ARADEL?
Mr. Market will always do what it will do..
I understood the feelings when paper profits are being eroded, but if you didn't buy for trading purposes, then you can exercise some more patience...
Market will come around again concerning the share price.....
For now, collect the dividend and use am hold body first....

** When GTB was being dumped almost endless that time, and it went below 20 in the process, na we dey console them here, today, none of them involved, especially the long termers, has come back to say thank you for not making me to sell at loss that time.....some sitting on 400%, 500% gains, but we no mind, we were just doing the work of God....😁

** However, the ball is entirely in your own court, this one na only advice**

In addition, haven't we noticed the increase in Cross Deals in recent times?
If we say someone or an entity is selling, then who are the buyers?
Because there can't be sellers without buyers.......
Who are they crossing these humongous volumes to?

Someone crossed 40M units of DANGCEM in a single deal for instance, who was this crossed to and why?
Otedola keeps accumulating FBNH, why is he increasing his stakes here?
These are some of the questions begging for answers..
I think we shouldn't dwell on the selling part alone.....but also consider the buying part as well......

I even wish the DANGREFINE quantities available won't go round for them all, so they can return the monies to equity market...

Tendd:
The bearish trend might continue till early next year..

No one can categorically predict market direction, I don't subscribe to all these theories aimed at scaring investors...

One major factor responsible for this red is the Dangote Refinery listing...
Even before now, I'd suspect that funds will be pulled out in form of profit taking to participate in the private placement/IPO......and the movers and shakers of the market are all participating, so attention distracted for now, leaving the market for retailers to be panic selling..

These set of people are coming back once they sight the damages that retailers must have done to prices.....

Also, by September, all things being equal, Nigeria will be classified into Frontier Market category and, once the terms are favourable, foreign investors will come in and increase their participation in the market........this will drive the prices up.....


** Caveat: Not to be taking as any form of advice**
** My Oga shared this same view as well**

On top the red in the market, AIRTEL still remain on full bid, even with its high price....
No be small thing 🥹
This red should just come and be going....😌

deathwing:
There is a timeline to start negotiations on lowering cement prices from the majors, how could this affect HBM, Dangote and BUA?

Why do people believe everything this people say on Social Media and Newspapers?
Has government done their part first?
Politicians that will just say what people wants to hear.....
All talks no action..

HPS3:
I really do need money urgently. Won't sell all. Just gtb and zenith. Please how do I go about selling them.

@Emmasoft
Your client is here

Yoursfaithful:
Till dey will make Agba get Gtco and Zenith at 20naira

Make Agba dey play...
He won't see both to buy @80 self, at least not in a long time to come 😁

My Oga don talk say what's happening in market now is just market correction....and bull is still coming back to visit NGX....
This is a relief and I mentioned it here to douse tensions and reduce panicking...😊

Bargainers knows what to do.......cherry picking, especially battered ones......and if in market already, be patient and don't lose funds.

**DD Applies as always**

zendi:
Okay, no fex, na play.

He wasn't actually sounding like Godlyguy..
Godlyguy doesn't write long speeches and he for down give stern warning to those of us dragging him.....he doesn't have the patience to shalaye..😁

SimpleGuy001:
Honestly, in the long run, you will be fine with Aradel. It’s a stock I am holding for at least 5 years. But then entry price and monitoring the market is part of what makes you a good investor. I wonder why you think you know my intention, I am very insignificant in the grand scheme of things chiefly. I cannot move the market neither can Nairaland do.

I only give an opinion and anybody who does his analysis well will see what I am saying (currently oooo) cause Aradel has a good prospect. I am only talking about the current price and its valuation in comparison with the oil and gas sector.

Fair enough..
You sounded genuine.....and not those Peterichy & Co Nsempas.....😊

DANGOTE REFINERY APPOINTS BROKER AHEAD OF LISTING
* As listing of Refinery nears, Dangote appoints Zedcrest Securities as IPO joint broker

https://businessday.ng/news/article/dangote-appoints-zedcrest-securities-as-ipo-broker-as-listing-nears/

NGX H2 2026 OUTLOOK
https://nairametrics.com/2026/06/24/ngx-h2-2026-outlook-dangote-ipo-political-capital-flows-to-shape-equities-investments/

Oasisblue:
So much sell offs on the NGX. Full offers and zero bids for so many previously coveted stocks. Seplat, Aradel, DangCem, Betaglass, Berger, Julius Berger, etc.

That's why NGX is trying to create liquidity in those High Cap stocks....
They're somehow seasonal because of the huge amount involved in moving the share prices....
Q2 will create liquidity again or once the new Rule is in force.....
Or better still, when there's another positive news/market outlook.......like the reclassification to Frontier Market Status.
FPIs will mostly prefer the banking sector and the big/medium Cap stocks...

WAPCO: LAFARGE AFRICA
* WAPCO has now renamed to HBM NIGERIA PLC
- Investors and general public should take note.

https://doclib.ngxgroup.com/Financial_NewsDocs/47241_LAFARGE_AFRICA_PLC.-NOTIFICATION_OF_CHANGE_IN_CORPORATE_NAME__CORPORATE_ACTIONS_JUNE_2026.pdf