₦airaland Forum

LONGEVITY IN THE MARKET CAN YIELD GOOD RETURNS
Again we survived the market today. Due to the sector our portfolio is concentrated, we are sort if flat at the close of the market. The Fed speakers save the day.

Tommorrow is another day and any day that "expense budget is approved" that day must be bullish

We are in this market to make some money and also to enjoy ourselves by making sure that our portfolio does not suffer a huge loss that will send us out of the market, so that we can be available to trade any day we see a good set up.

MARKET UPDATE TARGET TECHNICAL ANALYSIS
A likely bearish day!!! However, there are sub-sectors of the market that us still bullish, but they look overbought.

We cannot be an aggressive or breakout trader today!!

Let us see if Powell can redeem the day.

After 7pmWAT we will get the final verdict from the market.

Let us have a good day.

"WE ARE HERE FOR THE LONG HAUL"
As long as we protect our capital and avoid excessive risk we should have a stable portfolio.

For now my focus is on mey net position, I want to aee hoy the negative positions I have can reduce. So my focus is not much on how much profit I cam make, but how do I reduce my losses. I want to see how my total position can be become profitable not on individual stock positions, now making 100% on individual stock is easier, but how do we have a profit position on our total balance?

I will say again. I am enjoying this market. This is the best place to be as long as we can obey the basic trading laws

GLOBAL STOCKS ARE GOOD IF WE CAN LEARN THE BASICS AND FOLLOW THE CAUCUS OR A GOOD MENTOR
Market will make all participants smile today

Premarket is looking sweet!!!

SUMMARY OF THE NIGERIAN EXCHANGE LIMITED (NGX) REPORT FOR WEEK ENDED 10 OCT 2025

EXECUTIVE SUMMARY
The Nigerian Exchange Limited (NGX) gained 2% for the week ending October 10, 2025, with the All-Share Index closing at 146,988 points. Market capitalization increased by N2 trillion to N93 trillion.

Key Highlights:

· Total trading volume: 2 billion shares
· Total trading value: N90 billion
· Number of deals: 138,177
· Advancers vs Decliners: 51 vs 41
· Market breadth: Positive at 1x

MARKET PERFORMANCE SNAPSHOT

Metric Current Week Prior Week %Chng
ASI (points) 146,988 143,584 2%
Mkt Cap (T) 93 91 2%
Volume (B) 2 8 -73%
Value (B) 90 116 -22%
Deals 138,177 115,801 19%


SECTORAL PERFORMANCE ANALYSIS

Subsector Performance Ranking (Week-on-Week)

Index Value WoW Change %Change
NGX Prem 986 7%
Ind Gds 215 4%
Ins 45 4%
Lotus II 374 3%
Oil/G 75 3%
Pens 122 2%
Grow 370 2%
Bank -6 0%
Asem -145 -9%
Performance Attribution:
· Best Performing Sector: NGX Premium
· Primary Drivers: A strong rally in stocks like MTN Nigeria and Dangote Cement drove the premium board higher. MTN gained 11% to close at N471, while Seplat added 10% to N5,917. Banking sector dividends from UBA, Zenith, Stanbic IBTC, and GTB provided market support, although the banking index declined marginally by 0.41%.
· Technical Outlook: Bullish. The index broke above key resistance and is targeting 15,500 points in the near term.
· Worst Performing Sector: Asem
· Headwinds: The NGX is winding down the Alternative Securities Market board. Smart Products Nigeria was suspended pending delisting, and Juli Plc is being migrated to the Growth Board. This structural closure created significant uncertainty and selling pressure.
· Technical Outlook: Bearish. The index is down 9% for the week and 12% year-to-date, with further downside expected.

MARKET BREADTH ANALYSIS
Week-over-Week Comparison
Metric Current Week Prior Week Change
Gainers 51 53 -2
Decliners 41 43 -2
Unchanged 55 51 4
Market Bdth Ratio 1 1 0

Interpretation: Market breadth remained positive with gainers outnumbering decliners. However, the decline in the number of gainers and increase in unchanged stocks suggests weakening momentum. The index advance appears driven by large-cap stocks, indicating narrow market leadership.

TOP MOVERS OF THE WEEK
Top 5 Gainers
Ticker WoW Change % Change
SOVRENINS 0.46 17%
OMATEK ICT 0.15 12%
AXAMANSARD 1.70 12%
CHAMS 0.45 12%
EUNISELL 4.50 11%

Top 5 Losers
Ticker WoW Change % Change
LIVINGTRU -0.89 -15%
NEIMETH -0.74 -11%
UHREIT -5.75 -10%
MEYER -1.65 -10%
JULI -0.95 -10%

Most Active Stocks (By Value)
Ticker Volume (M) Value (Nm) Avg Price (N) ELLAHLAKE 216 2,799 13
CHAMS 109 1,399 4.35
FIDELITY 106 1,399 20.56
UBA 95 4,066 42.61
ZENITH 73 4,984 68

MACROECONOMIC & MARKET CONTEXT
Key Market Drivers:
1. Banking Sector Stability: Recent dividend payments from major banks provided price stability.
2. Upcoming Q3 Earnings Season: Strong results are anticipated from banks, oil & gas, and consumer goods companies, boosted by naira devaluation and stable oil prices.
3. Pending Regulations:
· The CBN is reviewing its forex allocation framework for banks.
· The SEC may increase mutual fund investment limits in single securities.
· The National Assembly is considering amendments to corporate governance rules.

Upcoming Corporate Events & Catalysts (Next 2 Weeks):
· Dangote Cement Q3 2025 results (expected Oct 24)
· Zenith Bank Q3 2025 earnings (expected Oct 24)
· Seplat Energy production update (Oct 25)
· Guaranty Trust Holding Q3 2025 results (expected Oct 28)
· MTN Nigeria AGM (Oct 29)

Market Sentiment Analysis:
· Institutional Research: Bullish on Banking, Oil & Gas, and Telecom sectors; Bearish on Consumer Goods.
· Retail Investor Sentiment: Bullish on Tier-1 banks and MTN Nigeria; concerned about spillover effects from the Asem board closure.

TECHNICAL ANALYSIS

NGX All-Share Index Technical Overview
· Current Level: 146,988 points
· Support Levels: 143,000 (Primary), 140,000 (Secondary), 135,000 (Major)
· Resistance Levels: 150,000 (Immediate), 155,000 (Secondary), 160,000 (Major)

OUTLOOK & INVESTMENT STRATEGY
· Short-Term (1-2 Weeks): The index is expected to consolidate between 143,000 and 150,000 points as investors await Q3 earnings.

· Medium-Term (1-3 Months): Continued appreciation toward 155,000-160,000 points is expected, driven by strong earnings and year-end portfolio rebalancing. The premium board should outperform, and sectoral rotation from banking to oil/gas and industrial goods is anticipated.

REPORT PREPARED BY
Analyst:Target Technical Analysis
Designation:Chief Technical Analyst
Date:October 11, 2025

TODAY WAS A DAY OF BLOOD BATH IN THE MARKET
However, reviewing our portfolio,we observed that the rear earth and data centre sticks excaped the cannage.

The market is just telling us, telling us what can happen is the bubble that some people are expecting happens.

What we can do on such day is to start going into cash, this mean we start taking some of our profits and resist the urge to buy into a heavily falling market on that day. Then the qualify of the stocks in our portfolio matters, like today the stock that suffered the highest loss is where I have a substantial part of my portfolio, but due to the quality of the stock, I am not so worried, as I can remember the stock have suffered a similar marginitude of today's loss in the past (actually what I remembered more was the profit
of a particular day, that percentage was higher than that loss suffered today).

So Monday is another day, but is a day we should approach caution, since banks will not work but market will be opened, some institutions may not trade. I don't know how US is able to handle this type of holiday that banks will not work, but stock market will open.

Wishing all happy weekend.

debosalau:
Thank you.

I funded it but it seems to take some days before it reflects.

Thanks so much for your help.

The money is likely to be reflected in your account today for trading purpose. Probably xou send the money yesterday after 12noon or later in the afternoon

debosalau:
If there's anyone using XTB, kindly reach out to me, I'm having challenges funding it.

I have look at the XTB website. It is offering about 300 stocks/ETF. Vest investment is a dedicated stick trading platform that offers up to 8,000 atocks/ETF and you fund straight Naira.

You can visit the site and if you ise our invite code, we will give you 2 days Access after to our Caucus once your account is confirmed as funded.

The details you need to join are below:
My invite code is: kelani0377
And the link to download the app is:
https://vest.investments

Registration takes just one day, as long as you have your tax ID (if you have worked in a Salaried position, you should have a tax ID which should be no problem). Registration on the platform is easy, it is just like you are opening account with a local Stockbroker.

For any assistance, you can always get back to me for assistance.

ZERO COMMISSION IS BAE
Today my portfolio position retraced. So when I look at some take profit and new position trades. I must have done over 8 trades.

Imagine if I did that on Trove? "Gbese" 0.75 x 8, okay not too much, I save $6. I am still happy.

The fact that on Nigeria Stocks we have to pay commission is why low value trades are not encouraged. In the Nigeria stock charges the is a fixed amount, I am not sure of the figure, maybe NGN200 that is fixed.

Wishing all a happy day. Everyday cannot be Christmas

THIS GLOBAL MARKET IS SWEET
Market has been good for like zhe past 3 trading days for my portfolio.

One of the big lessons I have learnt is to avoid undue risk. I tried buying some biotech stocks today: DAWN. MYGN. However, when I read somethings about their fundamentals, I has to make a retreat and these are stocks that are already generating income, not the zero income type? Return of Capital is sometimes[b] "more important than 'return on capital"[/b]

And for those that like biotechs we are entering a season they may start doing well, with a lot of acquisitions likely to happen.

LIKELY MARKET DIRECTION TOMMORROW 6 OCTOBER
General market likely to be in conslidation/slightly bearish, but the sub sectors that have been bullish like the metals, batteries, blockchain/AI may continue.

Going further on Gold/Bitcoin comments, this time around Gold and Bitcoin are moving together. So ig the shutdown continues, expect the 2 to continue moving up. And on the day the shutdown ends, they are likely part ways, with Bitcoin moving up and Gold likely dropping (on the day of the spending approval only).

Wishing everyone the best. It pays to preserve our capital so that we can be in the market for long.

[quote author=Hoaxen post=137017369]
https://www.youtube.com/watch?v=ujpfBcOz4ak

The Government is not interested in solving this insecurity. Probability they want to use it as a ploy ti continue stealing money in the name of buying military equipments. Fir this Boko Haram issue Chaf came to Nigeria and silenced Boko Haram without sweat:
https://www.nairaland.com/5775328/how-president-idris-deby-turned#88118575

Also what is needed is not buying more tanks and Aircrafts, it is a matter of technology which are becoming cheaper everyday, Israel war with Iraq is an example most Commanders and high ranking Iraq Army were taken out one by one in no time. The Government should contact defence contractors like Palantir/Gorilla Technologies (Egypt even used Gorilla technologies recently and some other Countries, they will give you a sort of CCTV that can capture what is happening in a whole City). No we don't hear about the big Nigerian Fraudsters again due to technologies from Palantir, if you want to know who initiated an attack like the Chibok Girl's case, Palantir can tell you the first person that made the phone call to start the operations, the date, the time and even the current location of that person). So on this Boko Haram, Government is indirectly condoning their operations and the good Citizens of this Country will still continue to wonder why? The Government knows how to tax the people like the developed economies, but provide simple security is a problem.

Using the services of Palantir or Gorilla Technologies definitely will be cheaper than all the lives being wasted. How much did Chad spent to silent Boko Haram when they came to Nigeria, I am sure amount is negligible (a google map like of the area showing where the Boko Haram People are hidden, their movements, where they keep weapons, there may be other military tactics involved but seems not complicated, they did not come with Aircrafts and when they finished, the Chadian Army went with Truck
loads of ammunitions collected from boko haram members and I am sure the Chadian Army suffered minimum casualties). Nigeria Government definitely are giving support to the Boko Haram people indirectly and Boko Haram boys are now becoming like celebrities on social media, very absurd

bjtinz:
Hello everyone, pls I need recommendations on a good responsive stock trading apart from bamboo. With live trading Thanks

Which type of stocks? Nigeria or Global stocks.

For Nigeria sticks better to go with main Stockbrokers: Bamboo/Trove and others are sub-brokers whether for local or Global stocks.

For Nigeria stocks, Morgan Capital is okay. Experience with the platform is 100% positive on my side. Another one I use is United Capital, trading platform is just same as Morgan's and I will say they are good too.

If it is platform for Global stocks, most Nigeria APPs are bearly manageable. But for more info on this check the US stock Market forum: https://www.nairaland.com/5669161/us-stocks-pick-alert/468

MARKET UPDATE 3 OCT 2025
A very volatile day in the market. Some sector related to batteries/lithium/rear earth made some crazy moves (over 20%), you just cannot chase those type of moves.

It seems the Senate want the approval to move zo Monday? Looks quite unusual, problem is Trump wanted a cut in Public Health budget, democrats are saying no!!! Okay, at a point they will agree at something!!!

THE US SENATE BETTER HET THEIR ACTS TOGETHER ANF SIGN TH SPENDING BILL?!!!
Today Trump spoke, I believe for the 1st time on the shutdown. As the parliament returns today, they should do the needful fast so that things can return to normal!!!

Let, us expect a bigger bull today as the bill has over 50% probability of being signed.

Today is another sweet day in the market. Info on what we bought today is for the Caucus only.

I am fearful of the advancing market. Both Parties in the Senate should just sign the bill and let the bulls give the final "wotowoto" to the bears. Zhen we can do some small cashout.

TODAY IS A TEMPTING DAY?
Why did these Democrats Senators not agree with the Republicans and sign this spending bill?

Looking at the market showing bullish trend in face of this lockdown matter is a big problem.

With NVDA and Tesla (I use these as my bell weather stocks, these are stocks that tell you the temperature of the market, they are cold, market is cold, they are 🔥 hot, market is hot.

Okay. We will wait and see what happens after 30 Minutes of market opening. I may do some small reshuffling again depending on the dominant sectors fir today.

LONGEVITY IN THE MARKET DELIVERS BENEFITS
Let us try as much as possible to protect our capital. The longer we are able to stay in the market, the more will understand the nuances if the market.

A good example is this US lockdown matter. Previously it is a highly feared event such that the legislators used to stay very later in the Parliament to sign the bill at most the very last minutes.

But this time around, yesterday's market action is understandable, it coinsided with another important report, but today again the market is looking forward to another postive close? A little wired?

Our plan of action for today remain same "do nothing', yes "we give our portfolio time to breath".

The legislators are not around today, the lockdown bill will not be signed until Friday? And suprisingly, the market doesn't seem to care? Wonders shall never end, this type of bill previously Parliament will even sit on a Sunday to sign it. So, this even has now become a binary event, that the effect cannot be easily predicted . Nevertheless, I will not be a heavy buyer before the legislation is passed. However. I will defend my profits if need be.

Actually yesterday I still did a reschurfling of my Portfolio ( I will not take it as trading, I am building back my dividend machine which useless and half functioning "Chaka Platform tried to destroy".

DESPITE EXPENSE BILL NOT SIGNED MARKT STILL HOLDING
For today, the market rising is a big surprise. Probably the labour report telling us that another sure rate cut is in the pipeline is what is driving the market higher.

Nevertheless, I want to have some cash on hand in case market retrace towards close

TARGET TECHNICAL ANALYSIS MARKET UPDATE FOR 01 OCTOBER 2025- BLACK SWAN DAY?
Initial information is telling the market that the US Senate failed to sign the US spending budget?

Except this matter is resolved fast, market may nose dive and Gold with addition of Bitcoin will rise (but Bitcoin is like a bat, moves with stock most of the time (but in majority of the market player, they assume it is Gold, today is an example of when men will be separated from boys, who are the boys and who are the men).

Let us watchout.vThere is no need for panic, the issue will be resolved.

So today, we are back to window shopping and today, I will stand on my window shopping principle.

MARKET PLAYED OUT AS EXPECTED
There was minimal loss in our portfolio today, setting the stage for the bulls to celebrate "1st October as a mini independent day'.

So in anticipation of the bullish run for tommorrow. I say happy Independence day in advance to "the US stock bulls'.

TARGET TECHNICAL ANALYSIS MARKET UPDATE FOR 30 SEPTEMBER 2025

Market may retrace today, but nothing to fear, tommorrow the bull should be backk.

SOME NIGERIAN ORGANISATIONS ARE RUN BY IDIOTS
For the users of "Chaka" platform it is like 2 months that the platform has not been properly functioning and the owners of the platform fails to tow the line of honour by not saying that they are incapable of running the business.

Imagine the disruption caused to the users of the platform.

On that platform, had my portfolio set up the way I wanted such that I was collecting monthly dividends of approximately NGN30k (quite small, but that provided funds to continue playing the market without any pressure on funds to trade, except when I need to take bigger positions). But since the problem of the platform commenced, my portfolio has to be protected by selling some of the portfolios by moving my money to another platform (as the 1st line of defence). Repeated requests that the platform move my account to another broker has always been rebuffed and even up till today that platform has never returned to normal.

If the platform is run by normal and reasonable human beings, the fact that you wiped off people's trading history (I want to know I much I have lost or gained since I started investing with the platform over 5 years ago), now this is no more possible. Even since the platform partially came on stream, on daily basis the history of gains are losses are not shown.

I call the people idiots because if they have some iota of experience in investing matters thay would have known tat some minute details, like this are essential for the platform users.

To make matters worst, the inexperienced operators do not even know when the platform will start working properly!!!

This is really bad and I woll say a big shame on these set of inexperience operators.

It is a pity that they are giving bad names to Nigeria platforms, because now I will just lump other locally based trading platforms like this together as "mushroom platforms". No wonder someone said he has no respect for all these things call "APPS" these days, as anybody can creat one at very little cost even without any knowledge of how a computer operates.

Tactically I will continue to liquidate my remaining positions on the platform, but this has the risk that one may need to suffer some small losses.

Example see, what chaka platform is displaying, 1st picture and what other platforms as showing price for CVNA (the others are correct), what chaka displayed is totally wrong?

This is a painful matter. But we have to face it and move ahead.

TARGET TECHNICAL ANALYSIS MARKET UPDATE FOR 29 SEPTEMBER 2025
We should see a bullish Market. Among the industries in play os the MARIJUANA sub sector.

T[b]ARGET TECHNICAL ANALYSIS MARKET UPDATE FOR 26 SEPTEMBER 2025[/b]
Friday inflation report is important, the good news here is that high inflation is expected, but there is a probability that it may be below the expected level.

So let is hold our peace, but we still need to exercise caution as another inflation related report is due for next week.

TODAY WAS ANOTHER FAIRLY OKAY DAY FIR THE BULLS
Data centre and drones industries did well today.

Some of the stocks delivered instant profits. Although the day started on a scary note.

Wishing all the best

Jeoma2024:
Who uses this section in bamboo

I want to try with 100 dolar which the minimum deposit
Has anyone here tried it

If I am right xou want to put your money in Investment APP run by Bamboo. Ti be frank. I will first advise you to do an online review about the APP. But left to me most ot these FinTechs are too weak, to invest with and go to sleep. If I want to do what you want to do. I will contact reputable fairly capitalised firms like United Capital or ARM they are likely to offer you that return that any mushroom FinTech can offer and with the added benefit of better safety of your funds in the future.

Buying shares on those platforms are different, you are not investing money with them, you are buying shares which will be totally yours lying at an exchange somewhere, so what happens to that FinTech in the future is not your concern. If the FinTech (let us be factual and not deceive ourselves, some of these small online platforms, due to the low volume of business they are currently generating and partly due to the poot depth of experience of the operators cannot last long, except something drastic is introduced into thier current business model, like Chaka has a good opportunity to start something new with Alpaca, but the current Manager are still clueless in bringing that change that may bring back the deserting Customers) goes out of business your shares are intact.

So, if you understand this, you can make your decision. I wish you the best and safety of your money, both now and in the future.