₦airaland Forum

Iamblessed85:
Quick question please. Lets say i place an order to buy some shares at a market limit of 12 but the next day the price goes beyond 12. Does it mean i have to cancel the order and make a new one at the new market price?

It depends on the brokerage house you're using.........if they allow Order to stay for execution for more than a day.

If it's Morgan Capital anyway, you'll have to make fresh Order the next day..........because the Order you placed today will expire by close of biz/market for each day.

crownprince2017:
Good morning everyone, pls what is your take on fidelity bank, what do u think is the best entry price?

Mcy you mean new bies can enter cham now, or what is your advice?
Thanks

Lol. Chams have been noised here since when it was selling @30k and below nah.
Something seems to be happening there.......it's currently on full bid

Pls do your DD if you know how to do it.
* Also buy with the mind to average down in case it falls more.
* You can also place your bids at bargain junctions....and be disciplined....i.e. control emotions.

** Post edited....before someone will come with cutlass.....

CHAMS
If you have your CHAMS hold am o......
Something is happening there ...... Looking @1.50 as first target, then 2.....
Lol. Do your DD o.

TRANSCORP: Those early movements signifies something.........mopped up to 6.93.....highest price for today when market opens.....

UCAP/UBA :
Some moves in UCAP up to 17.80 yesterday was suspicious.........

ETERNA
One impatient person dumped it up to 12.60 not long ago...... Bargainers on queue at 13 and below.....

Iamblessed85:
Who’s the first?

The performance is always rated on weekly basis.
You can see the info here:

https://ngxgroup.com/exchange/trade/licensed-trading-members/top-10-brokers-performance/

Morgan Capital
Back to back.......Week on week......
2nd position on both Volume and Value list of broker's performance for last week......

https://ngxgroup.com/exchange/trade/licensed-trading-members/top-10-brokers-performance/

joedguy:
Morning my people. Why are some symbol not showing on the buy list like zenithbank, dangcem on Morgan itrade. Please ur response is appreciated

They are listed under "Premium"

On the column where you see "EQTY", click the small arrow 🔽 beside it and select "Premium"

[quote author=currentprice post=125867198][/quote]Still waiting for FIDELITY to move too.......
Needs to cross that 10 junction.....
Something will trigger it at the right time.......so I Blvd.

wanaj0:
Eku market ooo
Market is up. Everyone is happy. We are all experts now
Let's be prepared for when the bears will show up oo

Sorry boss, I was supposed to pay homage before posting but was carried away by the surprise brought by UBA this early market hours.....E ma binu Sir.

It's a pleasure seeing you back on the thread Sir.

Someone said you're likely one of the ministers now, pls boss don't forget your own in your greatness o.....I fit dey help you carry your briefcase self. I be loyal person, nothing go do am.

UBA


TRANSCORP: Cross deals continue today again.....

E Ku Market ooo.

UBA is vexing in market.......
Overtake ACCESS.....

UBA : 17.50.......now 18!!!
ACCESS: 17.30.......as at now....

OANDO: Full bid @12.10
CHAMS: Full bid @1.21...

* ACCESS trying to rise up to the challenge.......but na result go give the final verdict.......Access better no do anyhow....
* UBA dragging ACCESS along......

PETERiCHY:
@Mercy
When will UBA interim dividend be paid?

Result not yet released.
We are expecting it this week.... together with the corporate action....


Meanwhile, here's ZENITH:
Interim Dividend: 0.50k
Qualification Date: 22nd Sept.
Payment Date: 29th Sept.
https://doclib.ngxgroup.com/Financial_NewsDocs/39400_ZENITH_BANK_PLC-ZENITH_BANK_PLC_CORPORATE_ACTION_CORPORATE_ACTIONS_SEPTEMBER_2023.pdf

ogoo4real:
The banking sectors are all reversed while Dangsugar and Nascon re still on Full Offer Nawaa oo. What a bad market?

They're currently packing Sugar @52....
Over 7M in offer @52 cleared....

BullBearMkt:
...yeah! I am not left out as well.
My post are always +ve and trying to help people to see where to possibly buy a stock. The levels I mentioned are possible buying prices.

I have a stake in GTCO also and if possible would love it if price continue to rise. Just trying to interprete the data as it (without emotions!). If price closed above 35.25, I'm happy for it!

Its okay sir. Thank you.

GTCO back at yesterday's close, 35.50!!
Wow!! Some people are already sitting on +8% or thereabout......this market sha.


WAPCO @29.50, UBA @14.....turned green......
ACCESS @15.60......
TRANSCORP from 5.45 to 6.03 as at now....

BullBearMkt:
...not sure some people understand simple technical terms! Unnecessary

Lol. Boss, people's funds are staked here.....
Allow us to hope in peace......

On a serious note, the merger is still ongoing, any update on it, as well as clue on favourable post-listing price can make a significant change.....with the chart making a U-turn....

Hopefully, it won't take so long again.

BullBearMkt:
A brief Technical Analysis on DangSugar
-Buyers located in "Levels 1 & 2"
-Current Price hovering at Level 1
-Failure for level 1 to hold stock price will cause price to dip further
-Some minor buyers located btw 44 - 48
-In case price dip further down, next focus is: 32 - 38 (Not sure price will get here with the stock bullish sentiment...

Good news will likely come in to distort your chart.......as it has done before

Btw, GTCO is back @34! From 32.80 or so....

* UBA: from 12.80 to 13.50 now......
*
* Dangsugar: today na today.......
*Someone or an entity is busy offloading at N52, bargainers also picking up @52........ What's up Sugar?

When this type of panic mode is activated, I sometimes used GTCO as a gauge of what the market is saying........lol. Don't mind me......

Maybe because the stock has some Bad.oo investors , or because it calls the shot for the likes of Zenith and others to follow......

As at now, there's quite some bids in GT and no aggressive dumping again.......so far o

OANDO on full bid @9.25 on top of all these......
In NSE , never say never ......

* Quite some bids now available for ACCESS....and increasing.......
* So also Zenith, UBA, GTCO....

Shalom428:
All I see is opportunities.
Shalom

Honestly, that's what I was about to say too...
What is happening in market is artificial and may not last for long......

CBN's circular does not in any way referred to problems in the banking sector.......but a caution which they've not been wise to handle properly

Just my opinion.........
You are the CEO of your portfolio o.

Streetinvestor2:
Very perfect decision and supervision by cbn.They should not pay dividend based on forex revaluation because it won't be sustainable. The dividend and expenses should be based on revenue from core business operations

Are we now saying when the banks made those massive gains, Investors should not benefit from it?

While I understood the disappointment that may come with reduced future dividend, should the FX gain not be there again, I think there must have been clauses in their statement to properly address this.

Abeg no mind me o. I be JJC for all these terms, na amateur view I take dey look am... .....and that's the way I see it.

Let me leave the discussion for those wey Sabi......

Streetinvestor2:
Who has time for all those useless foreign rating companies who do not see anything good in any economy beside that of develop countries. The nse is majorly locals so thay can rate what ever they want. It doesn't affect my dividend from the companies I invest in

You got the drift brother.
All those useless ratings are irrelevant to us and our market.
Let them focus on their developed countries and stop tarnishing the economy's image upandan

Princkez:
I think this caused banks pull back...

Lol.
Let's wait for analysts breakdown of the circular and possible counter explanation from CBN.

Sometimes, CBN acts as if they're confused or answering to a "Master" on certain decisions.

Let's see how events unfold in coming days.....

sterlingD:
I came across the FTSE issue on today's market review from a stock brokering firm l am still tryin to make head or tail about it.

It's irrelevant!
So also these Fitch and the likes.....

Why will they come up with such re-classification around the time the govt was making frantic efforts to woo investors?

What does their upgrade even bring to the table in the first place?

I for one doesn't take them serious anyway, not expecting serious minded investors either.
Mr. Market has a mind of its own, it will stabilize regardless of all the theories the analysts will be coming up with.

agbanimu11:
Please, I noticed there's serious pullback majorly in banking sector in today's market, could it be terrible results released by unity bank?

Today's pullback/dumping was unexplainable so far, especially in banking sector.....
Few other sectors joined towards closing due to panic I guess......
Such moves wasn't expected around this time.....

If it's Peter's school fees mantra, then it can't activate such panic......

If it's the news about FTSE's downgrade, who are they?
Of what value or importance or relevance was their classification to the country?
I think the panic triggered by this was/is unjustifiable!
Those guys always have a mission to distabilize the economy, necessary authorities needs to step in urgently to stop their "cra.ze".

Some NASCON gotten @53.65, 52.25 today.....
Some will rush out blindly and regret the action.....
Some will be booking profits.......
More of trader's activities...
It's well.

We see how tomorrow goes again....

vacanci:
This Zenith is what i do not understand. profit doubled and dumping increased.
This defies both fundamental and technical.
Is this the example of Nigeria stock exchange has a mind of its own?

Traditionally, that's how ZENITH behaves......
Has nothing to do with the fundamentals......
After dumping, they most likely come back for it again...
Yes, we could say it's example of a market having its own mind......

That's the more reason it's good to define your investment objectives, so you won't be joining in jumping upandan about...

After the dumping, it will stabilize again......
We are not in generational low yet......from the look of things.....

FBNH
Done with pullback.....

This ZENITH na one wahala stock........after release of result they'll start dumping, and they will still come back for it......
Down to 34.80......now @35, let's see how it goes....

UBA from 13.80......to 14.30.....Back to 13.80....
SUGAR @60, Salt @54......so far....

* Today's market red small, banking especially......we see how it goes tomorrow again....

** Not any form of advice**

Labdi69:
I noticed that whenever i buy shares on the Meritrade platform, the price paid is always higher than the last quoted price i saw, leading to automatic initial loss. Is this normal?

Your buying charges has been factored into the cost price, hence the reason you saw that the cost price is higher than the amount you picked it on the floor.

In Morgan, you will see another column that specify your "selling charges" as well as your "break-even price"...........meaning, your selling price has also been factored into the cost of selling, which if you sell at that "break-even price" or above, amount realized is your profit.

* Just used Morgan as example, I don't know if it's similar for Meristem too*

crownprince2017:
Mcy did recommend oando for buy now?

Na wa o.
If you follow my posts in relations to this you would have known my stand on it......and I even mentioned that I'll risk some due to some controversies on some of the news on Oando's purchase of AGIP.

I thought you said you risked some before?

As it is now, you may just have to follow your mind o. Risk it with the amount you can afford to lose should it go back to below 7.
OANDO has around 50/50% chances .......the possibility that it might attract more attention is there, possibility of going back to below 7 or continue going up to around 15.........and some of the risks involved had been highlighted in some of the posts.

Why not consider NASCON too?
It's been selling around 54/55 today, and if it goes down more, the better.....
* Currently on pullback......closed on 52.20...

As a newbie, concentrate higher % of your portfolio on dividend paying stocks that are fundamentally sound.......while you play the other stocks with small %.

E Ku Market o.

F.u.g.a.z. on pullback........
Guess people are afraid because of the FX loss recorded by Unity.....
Opportunity for bargainers to take position.......

OANDO: Full bid @8.45......

* UBA, ACCESS results may likely be out this week......

Labdi69:
Oh well

In my humble opinion, I don't see anything wrong in the stocks you bought if you have the plan to wait them out or if you're a long termer.
SUGAR, Fidelity, Transcorp are good.
Taking risk in OANDO is equally not bad if you already weigh your options, knew the risks involved and you play safe. Many loaded this same stock @3/4/5/5.50 even 6.
In NSE, one can never say Never.
We've seen the worst performed best (or exit as the case may be) and..... best becoming a laggard or give little returns on investment or even stagnant.
Examples plenty, but make I stop there.