yMcy56:
ZENITH
Pulled back to 23.50/60 last week....... I'm sure someone might be waiting for at below 20 for it, ..but it zoomed back to 24.50/60 by Friday....
* Quite some significant reluctance to fall Lower today......
* Bids initially lower than offers.........but as at now, bids has outweigh offers....

* Lol. Someone already brought out offer to increase the offer size......
We keep watching how it goes....

wow ACCESS back to KM9

BabsO2:


They have freed searching for oil in Alaska. They will not only print money but do all it takes to grow their real GDP by producing more in America and importing less every little thing they can produce or used to produce.

Back to what DT said then that they should drill Alaska Oil.

yok:
NIGERIA MARKET LIKELY TO STATE IN IN BEARISH MODE
Our market seems to be relying more on the happenings in the global market, so for the week, expect the market to start on the bearish side as oil in currently in the vearish zone.

As usual our members have got the recommebded stocks for the day and those to watch for the week on both the local and global markets.

one thing i know is las las they will print more dollars to rescue their financial sector

EmperorGeez:
The evil have started in my area Shomolu Ward H all the pulling units have area father's and thugs backed up by police to chase LP suspected voter's back before they wanted to use violence of cane and clubs on the victims but they now want to force them back if you know that this election is free and fair call for proper sanctioning and security personnel to this zone the most annoying this is that all this thugs don't have PVC because of the crowd and number they gathered if they vote am sure APC will come close figure to LP but they don't vote they just use them as tools for their aims and police they salute them what a country .

Cry just dey start, cry harder cry me a river.

tydi:
Lp from top to bottom in Lagos State Guber and all state house members in Anambra state.
All structures of criminalities will be broken.

Olori efolo go back to your backward region to do that

Massiveglory:
Fellow lagosisns, let us come out enmass and deliver our state from bondage of snail speed developments,systematic embezellment of our common wealth, government sponsored thuggery, vagabonism and criminality.
Let lagos serve all lagosians.

With God on our side, victory is certain.

Aggressively vote GRV.
Aggressively vote LP.

Mumu dey play GRV ko CRV ni

Oboto700:
.. you really don't know what's coming right? Iam from Lagos State.. full one.. but I won't lie to u

Tinubu will not be sworn in... just watch

Told by your fake prophets?

raskymonojendor:

Peter Obi increased Internally Generated Revenue (IGR) from N7 billion to N8 billion within eight years. N1 Billion after 8 years, while Nasir El-Rufai increased Kaduna State IGR from N15 billion to N93 billion. APC gov in Lagos under Tinubu took the IGR from 13 Billion in 1999 to over N400Billion in 2022.

Peter Obi knows how to hoodwink people well. Nigeria dodged a bullet.

As an economist I still find it very difficult to believe people can still vote for such a person with that useless performance, for me IGR alone is my parameter to measure performance. If u have good IGR every other things will follow cos money answers all things.

Zagee:

Apparently, there are plans to move NNPC listing on the NSE to next year. Obviously sharp increase in prices of goods and services except there's a mass transit plan to assuage the pains. Trains are not well connected to assist in commodity transportation. A government that has chosen to put the cart before the horse. Any how government. Stocks operating in the downstream sector and transport companies without much thinking.

Vat to 10%. That's wickedness if they're not going to increase minimum wage and divulge economic power to states.

all the 3 major candidates agreed to remove fuel subsidy, PH refinery will be working soon and if dangote refinery comes on board i believe there will be less pressure on fx demand and gradually things will take shape. There will likely be increase in social spending in all ramifications and i expect the health sector, construction sector, the transportation sector, the agricultural sector, the fintech and power sector to benefits greatly from this. We would have around 4trilion naira that would be on social spending. Though at first it may be hard but as time goes on thing will get shape. Am of the opinion that the subsidy should be removed but all our refinery should be working to complement that of Dangote

kodelee:
UCAP full bid. Hmmm

Coming to #10

BabsO2:


Wanted to buy more just now at N8.00 only to see it has resisted staying on that spot and currently selling at N8.1. Bought last week Friday at N8.4 with an outstanding order from Thursday that I forgot to cancel before the SVB news came in plus some other negative sentiments. At the moment right now bids outstrip offers six times. Abeg make them release the results so that we can get a little more info on what's up.

If u can hold just hold, global issues I believe are under control, to me UBA will follow normal way of coming down after dividend. It can still do 6.60-7

Be greedy when others are fearful and be fearful when others are greedyUBA fearful sold it to the greedy yesterday at 7.85.

BullBearMkt:

...the way UBA ends this month will determine if KM 5, 6 or 7 is real. From the look of things, UBA and indeed other banks are at the risk of going dip!

No problem we are here, have witnessed #2+ on uba so we wait and see. As much as I love TA is till not guarantee what will happen in the long run and infact sometimes it can turn to analysis paralysis. Unless FPIs comes in nothing spectacular will happen in our NSE and all the banks will follow their normal cycle fall after dividends are declared no TA for me to understand this cos this is normal as expected but for the current global bank issues, I don't see it affecting us badly more than what happened during covid more so as they being rescued one way or the other. The worst I expect is covid kind of price fall which I even doubt.

yMcy56:

ZENITH currently @24.50.....

UBA has a dividend yield of 12.5% or so, @8
I know dividend yield isn't the only yardstick anyway.

UBA will surprise many waiting at KM5, 6

yMcy56:
ZENITH
Bids increasing, outweigh offers.....
currently @23.65......lets see if the dumpers are still coming...


* Not any form of advice pls. Just daily update**

some people left zenith out of fear, even uba will surprise many.

RabbiDoracle:




Of the 25 banks that collapsed in 2008, they had combined assets of around $370B

Now, just 2 banks that collapsed had around $310B of combined assets.

And Credit Suisse matter is not yet clear plus all the EU interconnectedness with other banks since CS is a global SIB.

2008 was brutal on our NSE simply cos they bided everything high both good and dead stocks, brokers were getting margin loan from banks, every dick and harry was entry stocks on the fake analysis paralysis of stock brokers until FPIs allow the madness get to the peak then they dumped on us. Many lost their lives and the rest learnt hard lesson of a life time, i dont think it can be worst on us like that of 2008 since we are not currently have majority of FPIs guys on our NSE though that is my view. Any how we dey here one just need to invest in sound and good companies.

Cadillac15:
I lovw those of you who invest with your emotions because without you, people like me won't make money.

I just looked at the closing pricelist now and I am shocked. I sold my zenith for 26.65-27 just two weeks ago and now its 23.85.

If I buy again tomorrow and they pay dividend of 2.2 I will automatically be holding at 21.70 whereas you are here shouting cycle cycle

Be riding bicycle there

U are the main wealth builder!

RabbiDoracle:


"This too shall pass", that is always my belief.

If one has cash, just hold. If one has stocks that pay dividends, it still gives cashflow which can be used to buy stocks lower. If one has cash and stocks, perfect!

Nothing to fear. It will only be a paper loss. One will only regret if he doesn't have cash to pick some lows to add to existing positions.

Nothing to regret about if one doesn't have money, I love banking sector it has a cycle it follows year and that they have been following yearly unless global events happens they must follow that cycle. Zenith will always go back to 19 after dividend, UBA 6+, GTB 20+ am not a long time investor since my last experience of 2008 global crash but if am caught up like is currently happening , I will wait to collect my dividends before it bounces back. I will still make same money in the long run I don't wait for dividend if I buy zenith at 19 and it got to 26 what am I waiting for? Those that buy lower and those that doesn't have money to buy low both will still make money in the long run. One should just know what he or she is doing.

RabbiDoracle:
BRENT CRUDE Oil has broken an important support line at $75. If it continues to selloff, the next point is a critical midpoint line at $38.

BRENT at $38 will give Nigeria serious headache. Many oil exporters will share same headache. Oil importing countries will enjoy this low price especially US that needs Brent to fill their Strategic oil reserve and augment their West Texas Intermediate blend.

If Brent falls, NGX falls too. Be cautious.

Thanks BOSS for the head up. Anyway, we have witness the worst of oil going down to 20 dollar we came out of it. If money dey we buy more if money no dey we enjoy our dividends. Tough time doesnt last but tough people do.

Jim of zenith bank earns about 8billion
TE earns around 6b
Segun Agbaje earns in about 2b
wigwe earns around 3b

all in dividend yearly


Guys if u are still holding your stocks before the downward trend please hold tenaciously dont ever sell in loss, those big boys can not allow the cows milking for them to die anyhow. That his why is always good to check the movements of those big boys, i can only stop investing in those banks if those big boys are selling as long as they are holding then we dey there together i will not sell my stocks in loss i will earn dividends along with them. DONT SELL YOUR STOCK IN PANIC. Also good to check their holding in their annual FS. I could remeber when dangote sold DFM i pulled out too when he came back i follow enter and everybody follow comot the same time. HOLD YOUR STOCK PLS NOTHING DO NIGERIA BANK.

Ginalex:
please is now a good entry time for UCAP?

never enter oo, wait for their q1 first.

i expect the banking stock to make U turn today, enough of the weight shedding

BullBearMkt:
BANKING SECTOR HEAD-n-SHOULDER PRICE PATTERN NOW OBVIOUS
I remember showing on this platform late last year the emergence of head-and-shoulder price pattern on NGX banking sector. With price at major resistance level AND IF this month ended bearish, then there is high possibility to see more banking stocks going further south. However, the cushion effect is that the major index is still showing strength. So, the selling pressure, may probably be temporary.

PLAN YOUR TRADES AND TRADE YOUR PLANS

Results should be coming in anytime from next week and if results does not help the banking sector then to your ten O Isreal!

yMcy56:

Yes. Cautious trading.......
People trying to bid lower......but not much sellers are willing to sell lower.....

that is to tell you FPIs are not really much on NSE if not they would have done the dumping at any price

yMcy56:
Stocks receiving "severe" beating so far in market.....
GTCO

ZENITH: Trying to hold on....

UCAP: Made U-turn after touching 14.40/45......sighted back @14.90...
Maybe because today is the last qualification Date for div, who knows..

all i see in the market is caution from both sellers and buyers

Zagee:

Asian Market joined the gbese last night.

Hmm...... Looks like everybody go collect oh

Yes but I don't think it will last longer as all the regulatory authorities all over the world are on their toes now to do per minute or daily check on their financial institutions especially the western world. More stress test being conducted. Time to think outside the banking stocks for me.

Dutch lender ING said it had again toughened its lending policy to the oil and gas sector, restricting finance to clients engaged in commodity or trade finance and ‘midstream’ infrastructure

Ades1:



Granpa ran out of the room so fast, he almost forgot where the door was!!! The USA is in trouble, this has to be the most inept administration ever! I thought the last admin was bad, this one is way worse!!!

I think it has to do with regulators again, after Soludo did recapitalization banks still failed. Should we blame obj for that?.

yMcy56:

Guess some opportunities are also knocking here, na to dey monitor this one.......

i still dont believe we have FPIs around cos if we do all the banking sector would have done 10percent negative by now, i think is SVB panic sell we are experiencing and it wont stay long as result will also have positive impact before the normal fall

yMcy56:

Guess some opportunities are also knocking here, na to dey monitor this one.......

yes

yMcy56:
ZENITH
Is this HOLDCO effect or global effect?
Much activities @25

i think both

FPIs are not in the market so i still believe market will follow natural way of tanking after the dividend. UBA might pay 1naira final, a lot of weak hands would be shaken off

Zagee:
Nigerian Market no dey ever follow.. lol..

China had all index up at the end of the day.

Europe is currently down on every index(wahala...)

America na timezone dey save them like this. But Pressure ti wa!!!!

Crypto enjoying some bounce..

It depends on the composition of the market players, if foreign investors are many on our NSE trust by now everything would have been red top to bottom.