₦airaland Forum

E Ku Market o.

Profit taking continues in the early minutes of trading.....
Some stocks stabilizing now and,
*ACCESS is sighted inching up slowly and gradually....
* STERLING opened stronger...
.* Some are reversing the earlier shedding.....
* MANSARD Up....

Let's see how the remaining trading activities will go....

YoungBuffet:
U don't even know the person u are talking to u are too small to me in this game, u will run commentary tire. U think pump and dump stuff is what am talking about? Those motivational talk you guys gave to people and they kept buying at any price and u see yourself as champion? Those that bought uba at 13.05 zenith at 35+ GTB at 37+ access at 17 what is the results? Una go average down tire u think those guys are on NSE to joke?

Lol.
Hope you can read Peter's testimony.

You know an adage which says: It's better to try and fail than fail to try?
Overcoming the fear of failing is the first step to success.
Ponder on it boy.

Ginalex:
Baba keep chut biko disrespectfully

Just ignore him Sis.

YoungBuffet:
Ntor I complained to u? Sombro!

You're definitely a small boy..
You better calm yourself and learn from the elders in this biz.

PETERiCHY:
TESTIMONY TIME.
This my best year in 23ys of stock investment, All glory to the Almighty GOD for his mercies endures forever.

*ThE OcToPuS*

Somebody shout Halleluyah!! 🙌

Between which month and which month did this happen??
Can we say the slogan "Sell in May and go away" is now obsolete??

thebargainhunte:
I bought this coy at a very high price and it was recently. The green I saw yesterday and today on NSE made my heart ache cos e no reach my side.

So, CONOI and MRS resumed their Northern journey today....both closed at +9.80% and +10%..
E don reach your side now...

* Meanwhile, IKEJA HOTELS, LASACO and UNITY are making us proud.
I didn't mention UNITY here because you'll tag it as MH considering the type of stock you perceived it to be.......but I saw Locodemy mentioned it.
* JP made last minute move up to 56k but the very last minute panic seller brought the share price down again. The energy here seems strong, we see how it fares as time goes on...

* TOTAL closed with +10% @N336.70
FBNH: 16.10 .....Closed stronger..
ACCESS: 14.35
UBA: 11.10

lancee:
THe thing no wan gree o. ..Nothing wrong with small profit taking esp if u bought low , if u wan do otherwise no probs

Fighting back!!

Profit taking is allowed na...
Imagine someone on +50/60/80 even +100%, can we say why are they taking profits?
They'll be getting ready for round two na...

Una prophet and Buffet don show....

Serious fighting back sha....Fidelity, UBA, ACCESS, STERLING, trying to fight back...
ZEE trying to join.....

* Those buying are behind curtains. Let them roll in another set of bullion Vans...lol..make.una no mind o

One thing is: if they start packing again, those offers will disappear...

ojeysky:
Profit takers has entered the market

Buying still ongoing.....
Those buying doesn't seems to be on queue from observation.....

UBA back to 12....
Access 15.60.....
Fidelity done with pullback......sighted @6.93 now...7.14....17.30....

Still watching.....

E Ku Market o.
UBA: 13.10!
ACCESS: 17.25!
GT/ZEE: 35! 35.40! 35.50!
FBNH: 17.10!
FIDELITY: 7.30!
JAIZ: 1.76!
FCMB: 5.80!
Transcorp: 3.87!
STERLING: 3.02

Profit taking ongoing in-between, but the Bull appears so strong........just clearing everything along it's path in quite a lot of stocks.......as at now....

Profit taking ongoing....

Yoast:
Throwback!!!
I'm not sure who wrote this but his predictions for 2023 so far had been spot on

Think it's Oga Rabbi...Not very sure.

He also gave below prediction in Feb 03, 2022, which is manifesting now........but before this could happen, he gave a contrary one.
We are still enjoying this sha.

RabbiDoracle:
Thanks BBM. I salute you sir.

We are entering the phase of aggressive bull rise on NSE and other EMs. During this phase, everything boat is lifted by the tsumani of money.

Many stocks can go on full bids for weeks. After many months, the mania reduces and people panic. When prices settle at rest, then the mania accelerates again.

thebargainhunte:
I bought this coy at a very high price and it was recently. The green I saw yesterday and today on NSE made my heart ache cos e no reach my side.

I see.....
Once stock is high like that, you could have look the way of its peers that are still cheaper and still have more upside..
If bull persists however, it may still appreciate the more.....oil subsidy removal will fetch them more money...
Dividend of N2.50 is still there to chop as well.

Oyeleye101:
Please, in how many days did it pulled that?

Before oil subsidy removal, it started moving gradually in response to good result, then continue the Northward mvmt when Oil subsidy was removed...

Mills55:
Sister Mercy hope you still have this your bag?

Lol.
I don't have it again o..... Peter pls Order another one for me abeg.

LegendHero:
I copied it directly from the link. Except if Nairametrics made some mistakes in their number.

https://nairametrics.com/2023/06/14/banks-told-to-trade-forex-freely-in-nigeria/

That could be a mistake on their part.
They must have discovered the error and withdraw it for correction, reason the link wasn't working again.

Try and edit that part out of your post as well.

You can re-copy and re-paste it once you get the correct one.

LegendHero:
Source: https://nairametrics.com/2023/06/14/nigeria-stocks-gain-n992-billion-on-reports-that-banks-can-trade-forex-freely/?amp=1

Pls cross check those prices on Gainers' Table, seems there's a mix up somewhere, as they didn't tally with the actual closing prices...

For instance, International Breweries (INTBREW) closed @N5.50...highest for today...
STERLING closed @N2.75...
DANGSUGAR@N25.30...
Etc.

GANDALF1:
Mercy has chosen to be humane to you. Always remember that you are responsible for your trades. If your money go, na you e go pain, not me

I honestly don't understand what you mean or imply here.


Meanwhile, banks told to trade Forex freely in Nigeria:
https://nairametrics.com/2023/06/14/banks-told-to-trade-forex-freely-in-nigeria/

https://www.nairaland.com/7728180/nigeria-stocks-gain-992-billion

airmark:
Please where can I check the daily closing prices, online?

Brokers used to send daily price list....you may update your email addy with your broker.

You can also find it on NGX site...
https://doclib.ngxgroup.com/market_data-site/trading-statistics-site/Pages/Equities0918-9941.aspx#

thebargainhunte:
Why is conoil not shaking body?

The one it shook reach that price nko? From 15/16 or 16/17 to 74 or so?
E don try o. When others were still sleeping, the 3 were busy moving...
If the bull persists, the journey Northwards may likely continue.
My opinion.

Today's gains were one in a kind!!
I've not seen F.U.G.A.Z vex like this before....
GTCO, ZEE, ACCESS, UBA, FBNH competing on VOLUME and VALUE table!! +10 10% things!

FIDELITY also closed on full bid @6.69!
FCMB, STERLING, JAIZ, UNITY, WEMA, ETI, all bankings moving...
MTNN, SEPLAT..Straight +10%!!
Haaa! It's well o.

Where's Oga Oracle please?
I sincerely hope he's also a partaker of his long predicted +10 10%

Meanwhile, @Locodemy, here's link to another news you may find useful for Japaul.....
Japaul may not be backing down easily on this +10,10% spree.....my opinion.

https://businessday.ng/business-economy/article/gold-export-hits-n78bn-highest-on-record/

NAIRA FLOATED!?
Murray Bruce praises BAT for floating the Naira....

https://www.nairaland.com/7727734/ben-murray-bruce-praises-president

Streetinvestor2:
South ke.North in capital letters

Lol.
Edit your post then....
You said South instead of North

Streetinvestor2:
Then the market is heading south once confirmed. The real mugus are coming back (FPI) It is time for locals to play them back by being smart. They played us before .life na turn by turn. Will be Buying back some of thr favourite and sound stock once cbn confirms the news

Pmb was the worst that happened to nigeria

South Abi North??

Anyway, DANGSUGAR just went on full bid @25.30 now......based on the news I supposed..
MTNN approaching 280...
STANBIC selling @54+ since...

GANDALF1:
I just hope someone doesn't hand you a cage of monkeys soon.

Give your own advice and warning too sir.
He needed to be able to make right choice.....only that he's being here all these while and could have asked when there's option of cherry-picking the much better one.

comatekeke:
I used the amount of money that I had to buy 22895 units of LASACO.

Whichever one you decided to do, try and post it here to be able to get much better guidance.

Liquid Dividend paying stock is much preferable.
Leave your LASACO. It's good.

comatekeke:
I used the amount of money that I had to buy 22895 units of LASACO.

Ok. But if you'd ask for advice that time, you could have get better option....like reducing the stake and picking another one.
Chi is good don't get me wrong, but you can always come back to it when positive sentiment is sighted.

You could just reduce your stake there for now.

Always good to make comparison, align with dividend paying stocks that are liquid and FA sound, especially as a newbie.

comatekeke:
I will be sharing screenshot of my portfolio here for advice.
Any advice?

Why are you just asking now??
You could have sold Chi and use all to buy Lasaco while it was being noised here!!

If you could sell Chi and pick a banking stock, you'll make the loss back and move to profit.....this is my advice for now..

You can't keep waiting for a stock yet to move while the moving trains are severally passing you by...

Fidelity already gone on full bid......would have said pick some...maybe FCMB is still available I don't know.

Upon all the noise, much noise and repetitions here!

Mfunkynation:
NAHCO
GSK
Kilo de !!!!

I wonder o.
Also UCAP, Unilever.......

* Saw your mail but this time dey busy to reply.

comatekeke:
Okay I will.
Thanks.

.. except you have any moving one you wish to divert the fund into anyway......but some of those stocks have gone up now...
Hope you have investment in other ones that are currently moving up sha.

lancee:
Good job for the update ymcy56

Mkt still dey vex ... nothing to buy now ...everything higher hihger

This bull is from Burundi !!
The more people were/are taking profits, the more it's vexing.....

ositadima1:
Where is your son of a Buffet. Let him come and see o.

Busy researching about generational low
Make he continue, we still dey enjoy the bull.....

currentprice:
UBA don sell mkt finish within few minutes of trading
na waa o
still undervalued anyway , no surprise

Well done sir...

UBA : Full bid @11.95.....
ACCESS: 15.70...

ZENITH don vex finish! @33+
GTCO @33.25!

TRANSCORP: 3.46!

Market doing well again today.....
* Sterling @2.75!
* TOTAL officially moved.......sighted @306!
* ETI is refusing to be removed from setting......moved much closer to Access/FBNH....@14.95!
* Mansard: 4.54!
* LASACO: 2.17.......full bid..
* JAPAUL: 0.57k...

* FBNH: 14.75.....15! 15.95!
* ACCESS: 14.80.......15!.....15.40! 15.70!
.* ETI: 14.95...
* UBA: 11.70......so far...11.95...

* GTCO: 31.90.....32.50!! 33.25!!
* ZEE: 32!! 33+!!

** This vex too much oo..

comatekeke:
I have 2,363,017 units of CHIPLC currently at a loss price.
Should I hold?

If you're not in urgent need of fund that may want to prompt you to sell, then you can exercise more patience with CHI PLC.

The stock now pays Dividend consistently, even paid interim and final Dividend last financial year.
FA wise, not doing bad.
I think it doesn't have biz trading at current price but if it could come down small from currentprice, it will attract investors and would likely pick up more from there.

Aside Custodian, Mansard, NEM, Lasaco and Cornerstone in that order......
...the next set of insurance stocks on watchlist are: Chi Plc, Aiico & linkage, -dividend payers...... followed by Prestige, MBenefit, Wapic, Royalex, Regal, STI, SUNU.

AIICO's issue is the OS.
I Blvd everything na turn by turn with patience.

* Could remember when it was mentioned here that JAIZ has no biz trading at circa 0.55/0.60k that time.......fast track to 2yrs after or so, JAIZ is now above N1....Closed @1.46 yesterday, and also paying dividend*

**Note: This is my personal opinion for now. I may not be totally right**

BullBearMkt:
...attempt to answer your question using TTM comparative strength analysis; Yes, ACCESS most likely to be parity (and overtake) FBNH, assuming both maintain their current financial performance trajectories.

Thanks boss.

emmanuelewumi:
Unfortunately we have a number of stock marketers on NSEMPA who do so for their own selfish reasons

Ok. Think I'm also aware of this........but I don't do it sha.
It was that "repeating" that caught my attention in your post.
In fact, most of the times, I don't even have the stocks I discover these potentials in them or is recommended for one reason or the other......while many would have chop and clean mouth self.
Attimes, I'll be in the one I don't even mention or hammer much on self.......believing Mr. Market to do justice to it rightly.