₦airaland Forum

Agbalowomeri:
Make una enjoy the bull o
I am not Mr. Market
Make I go back to my Garri in the midst of my babes

You don commot for pent 🏠 🤔
Enjoy your garri in peace and allow us enjoy bull in peace too. 🤭

BullBearMkt:
NIGERIAN STOCK EXCHANGE MARKET UPDATE
There was a sell-off today, because of yesterday's negative news relating to the invitation of some banks' CEOs by the EFCC; however, the price dip has divergence with volume. This indicates that the pullback is likely to be gentle.

Some stocks are just beckoning opportunities - BUY the dip!

Compliment of the Season guys!
PLAN YOUR TRADES AND TRADE YOUR PLANS

Happy New Year Sir!
Good to read this reassuring post from the TA Expert.
More blessings.

The companies concerned have denied the rumour of arrest anyway.
I even wonder why this should be a big issue in market.

https://www.nairaland.com/7965896/md-neither-detained-nor-arrested

Agbalowomeri:
Okay

Oga Agba check your chart well.
Shey na like this Janet market suppose be?
See attached.....

I know say you don dey find your grave robber bargain, but allow us enjoy this bull some more, e dey sweet belle 😁

One thing that used to be a consolation in this type of today's scenario is that.......na locals still dominate the Market......after like one or 2 days of bear, everything go stabilize again.

I felt some big investors are just taking profit for end of financial year reporting or so.

@MrDiligence
I've been searching for the mail and will send to you as soon as I lay hands on it.

Agbalowomeri:
Na Janet remain

Well done sir.
Shey na wetin the candle talk be that
Funds still dey enter the market o.
We see how it goes in coming days..

Krisuba:
Oga u better take time oo. Respond to what heavily as if he was part of d rally!! Make him kuku sit down there oo.

Lol.
Why will Sugar join when e no follow the bull in the first place?
Na merger news we dey wait for for now......

Although NASCON was cross dealed/dumped earlier up to 55.05 or so, but it's back @59+ again.

I think we should just be watching out for bargain entry again despite the red in the market.

* So far, Over 2bn transactions had exchanged hands in each of the f.u.g.a.z (aside FBNH)
* If we say people are selling, it means people are also buying as it's dipping.....

* For instance GTCO is close to 3bn Naira in transaction as at now N2.9bn+), by my understanding, if 1.5bn was in Cross dealings as well as sales, then it means the remaining 1.5bn bought......
Make una no mind my pry School analysis of the trades....

** Those in profit and who are traders could just follow their strategies.....

** Pastor Vee, mail replied sir.

On top this red, TRANSCO HOTELS don push am enter N100........

All these volumes, could they be cross deals or sell off?

lasisi:
People in a stock with solid fundamentals will be alright - come bull come bear.

Exactly!
And those that picked at much lower prices as well.

Zagee:
Observe the coconut head stocks...

The banks are still showing resilience......
UBA inching up slowly......30.......30.70.....31......31.65...
ACCESS/ZENITH.......bids increasing......

AIICO surprisingly....

FCMB: from 10.50 to 11 now.........
GTCO @46.95 as at now...,..reversing up from 44
Wapco @39......from 37.35

* Just updates*

*More sell off mid-day*

Na wa o.
Profit takers just paralyzed the market for over 30 mins! Chai!!
Normalcy returning small small anyway in some stocks like UBA, ZENITH, ACCESS, .......

* Quite a lot of millions/billions exchanged hands within few minutes......but the buying strength is still observed in all these.....

**Updated: All close -ve again due to sell pressure**

olayinmol:
Madam Mercy thank you once more .

Thanks for being a light bearer and good source of counsel.

All thanks to the Almighty God, the God of Mercy.

Wow! FIDELITY was selling around 3.50 when that post was made, and UBA at sub 8!!
If you're still in the bus till now, Congrats!

** As for FCMB you asked:
Let's look at it this way.......

* ZEE/GT are approaching 50...
* UBA/ACCESS/FBNH @30 region...

* I think FIDELITY/FCMB too should be aiming towards 20.....*all things being equal*
The strength is still there from observation......
* This is my opinion*

Agbalowomeri:
Even your reincarnation is making post in the future Lol

3013 .....
Too much money don dey worry Peter.

ojeysky:
The kind of money entering the market no be small thing!!!

No be small thing ooo.
ZENITH still went back to full bid and closed at today's high, despite the profit taking and huge volumes in-between.

megawealth01:
Please stop referring to UNITY BANK... I always have my strategies

I still have UNITY BANK anyways... My strategies works for me ALWAYS

Alright.

megawealth01:
Goodnight OANDO...
I just left very little units from my maddest profits from OANDO
GOOD MORNING ETERNA OIL

Something is happening in that stock........from the body language.....
Whether na now e go start to dey move as you don commot self........
That's how you were impatient in UNITY too.

currentprice:
wow! uba & co 10 10% as my oga oracle will say
anyway @32 uba PE still around 2

Note; this is exactly rush hour my bedsheet was refiring to that time.
have stay away too long on the sheet self. time to wash to begin sleeping on it is closer.
Ekuu 2024 o, year to remember for long time.

make u na use the looting well o. as some has been thinking of 2nd wife

Oga CP Happy New Year!
I suppose don greet you before now, but the bull you carry come for 2024 na im distract me.

FBNH about to join the list of full bid stocks......now @28.50....
* ACCESS full bid @30.10
* ZENITH full bid @47.35
* UBA full bid @32.85
* FCMB full bid @11.70
* JAIZ full bid @2.78
UNITY full bid @2.83


DANG Stocks also shaking body......
DANGCEM Up with +N12 so far........
If not for the pending merger, Sugar and Salt for don reach around 80 or more by now....

megawealth01:
If anyone wants to buy penny stocks... This is definitely not the best of time to get in... Wait till BEARS because bears market will definitely come... No follow follow oooooo

You can never be sure of this yet......
I'm as much as the banks are still leading, other sectors go dey follow them shake body......

** Caveat: Not I'm any way saying caution should not be apply. Above is not any form of advice **

lancee:
Zee on full bid ..The way money dey enter the mkt fast fast ..could this be hot money managers ( fpi's) or pension fund or ?

ZEE just pursuing GT blindly like say e wan jump over......😁
Just waking up as the most capitalized bank on the exchange
GT: 48
ZEE: 47.35 .......full bid

Money dey where e dey oooo.......even @47.35 people still queue to buy ZEE!

UBA @32+
ACCESS @30!!
FBNH @28!!

ogoo4real:
@yMcy56 Transcorp is really struggling with profits takers to sustain this tempo 🔥🔥🔥

This is normal nah....
Profit taking will be coming in between....
..

More funds entering the market!

GTB @48!
ZEE @46!! 47.35!!
Oga 9free, you still want talk wetin dey your mind?

ZENITH dey behave like say e wan overtake GT. Lol

kolour:
Hi, please which site shows this market orders?

ITrade
Quite some broking house now using the live trade portal

TRANSCORP @15!! 🔥

OANDO!!
This stock is now entering the analysts predictions/recommendation with price target......even Morgan!
It's well. We see how it goes....

* Quite some stocks on full bid.....

ZENITH@46!!!

Everything just moving fast fast

UBA @31! ........32!
* Displaced FBNH to be trailing ZENITH behind.......

Cornerstone @2.05!
The time this stock was mentioned, it was trading at circa 40k....... those that won't see anything good in it that time are now buying @2+.......it is well.

Those that wouldn't see anything good in Mansard @1.50/1.60 are now buying @6.50.....

rossoneri:
This is very good.
Their 5 year financials are still very disturbing though....
Many of us trading and/or investing here have probably made more money than the company in the last 5 years....

Can the current leadership recover....

For what they do, the company truly should be worth a lot more than what we are seeing but........

I'm just highlighting what is visible on the surface, not recommending or advising in any manner!! Anyone reading please DYOR!!

Thanks a lot for your contribution.
This is what I'd expected but no, some of them won't talk but would only be waiting at the blame corner......some for don dey talk say new monkey don reach town self.

Like earlier mentioned, it's a potential good stock to keep eye on........and like you said, the company truly worths more for what they do.
The death of the founder was a major setback but the company is waking up and trying to see how to revive the the company and set it on profitable track.

Some are buying into the future of the company.
Anyone not disposed to penny stocks should stay away. E go be for everyone's eyes.

FPI's STAKE IN NGX NOW AT 23.74%
* FPI increased stakes
* Local fund managers and other local stakeholders needs to watch out so they don't dominate the market again......we ought to be wiser now....*my opinion*
https://thenationonlineng.net/foreign-investors-double-stakes-in-nigerian-market/

OMATEK
* A penny stock with future prospect and hidden potentials
* Free from receivership
* The only computer manufacturing coy listed in the ICT/Technology section of NGX
* Stands to benefit from the FG's renewable energy plan as a listed company
* Has standard Solar System facility in place
* Temidayo Seriki as chairman and another active CEO in place
* Status changed from delisting to "Restructuring"
" Plans to raise fresh Capital in market with Unissued share Capital of around 4B
* Possibility of bonus issue
*
https://leadership.ng/nigeria-signs-historic-solar-plant-deal/
https://www.google.com/amp/s/guardian.ng/technology/omatek-free-from-receivership-plans-fresh-investments/amp
https://omatek.ng/omatek-ventures-gets-fgs-backing-to-boost-productivity/

* No be say I dey market this stock o......you know say na how we dey bring out this hidden values, infos and checks be this. At the right time it will respond.
* The Mutual Benefits some are now seen have been sighted and posted here last year, before now; So also some few others...

9free:
Madam also fear God nah. You wey dey cash out now from kobo kobo stocks, no be at ridiculous kobo prices you buy them?

Lol Sheybi na you dey run from Kobo stocks....na una be value investors nah...

The kind money wey dey enter this TRANSCORP today ehnnn..
Over 4bn as at now..l

GTB @43.95! Up with +1.45!

9free:
Nne....Biko ask una dey cash out so, make una remember put in one or two words of prayer for those of is wey dey inside GTCO and Zenith.
We go like smile like una too.

Saw your post where you said you don't want to say what's on your mind....
Oga fear God o. The time you bought those two, they were selling at ridiculous prices nah.....
Besides, they'll give you your balance with dividend...

* GT and ZEE aren't doing badly in market at all.

* UNILEVER moving.....
Some cross deals here @16.50......

* WAPCO don dey shake body......Now @38

* TRANSCORP: Over N3bn in transactions with over 250M units done so far....
- Those guys are really packing it......3.8bn....

* FCMB: Closing gap with FIDELITY faster....

* Quite some stocks on full bid.....

*OANDO: Traded above 12 in the early hours, currently btw 11.50/11.85 again.........what's their game plan?

megawealth01:
Words of wisdom

Did the Oga factor in inflation?
How many cents is FCMB for instance?
What you can buy with N1k before, can you still pick it for N1k in market now?

**Not against the Word of caution, but just trying to view it from another perspective as well, that the value of naira has really depreciated,......and if you consider the results/gains these companies are making, I don't think majority of them are overvalued yet @CP........still undervalued self, if we look at it well.


* Only 3 stocks trading above $1 in the whole Equity section, if not in the whole NGX self!
SEPLAT, AIRTEL and NESTLE

pluto09:
We are in a bull market when one can just close his eyes and pick a stock, and boom , everything goes up and everybody is a genius.....

MANSARD @6.16.....