Agbalowomeri:
Santa claus show for NSE, see the price of Oando and ran back to safety

Get ready for the jollification ride... Abeg wia is Myjoy (aka Godisfaithful)?

Godisfaithful:


Zenith 14.15

GTbank 18.18

Please what is their closing prices.....Am currently not connected to my PC.

Born2berich:
Please what is their closing prices.....Am currently not connected to my PC.

Zenith: 14.05
GTB: 18.10

Na from tomorrow Santa claus wan visit these ones.

Elai147:


Get ready for the jollification ride... Abeg wia is Myjoy (aka Godisfaithful)?

I dey here sir. I wouldn't be surprised if ASI closed above 30,000 tomorrow. Anyway, anything feel happen for our market

Godisfaithful:



I dey here sir. I wouldn't be surprised if ASI closed above 30,000 tomorrow. Anyway, anything feel happen for our market

Chai from 27 to 30, haba bros

Agbalowomeri:


Chai from 27 to 30, haba bros

Abi ASI don begin do Gap trading

Agbalowomeri:


Chai from 27 to 30, haba bros

Sir, it is not a certainty but anything is possible with our NSE! Presently, it is 27,777.83 ASI representing 3.79% today's gain only...

NSEASI appreciated by 3.79%.

Ytd cannot close above -20% sha.

Jokers!

PETERiCHY:


We are on the same page by the time i buy OANDO N3 and sell N4 I would ve recouped my loss.

For now we are on the sideline patiently waiting for the time this hypocritic government will come up with subsidy removal then with Labour reaction,

we are going to witness a repeat of Jan 2012 scenario by then stocks will be buy one get 10 free

please try think deeply.people didn't protest subsidy removal in 2012, they protested fuel price hike which is presently not happening now.
NLC will not protest as long as their is no price increment

angelo82:


Don't be too sure............This market is not predictable yet like the good luck era.................

Right sir, this market can never be predicted. It is always the more you look the less you see..


It is well..

Intendy:

please try think deeply.people didn't protest subsidy removal in 2012, they protested fuel price hike which is presently not happening now.
NLC will not protest as long as their is no price increment

https://en.m.wikipedia.org/wiki/Occupy_Nigeria


Occupy Nigeria was a socio-political protest movement that began in Nigeria on Monday, 2 January 2012 in response to the fuel subsidy removal by the Federal Government of President Goodluck Jonathan on Sunday, 1 January 2012. Protests took place across the country,

THE LINK BELOW IS TODAYS NEWS

[http://sunnewsonline.com/new/nlc-alleges-removal-of-fuel-subsidy-prepares-for-showdown/

The Nigeria Labour Congress (NLC) has accused the Federal Government of removing subsidy through the back door without letting Nigerians know about the process.

A statement by the General Secretary of NLC, Dr. Peter Ozo-Eson, declared the union would mobilise to resist the move.

“The chieftains of the ruling All Progressive Congress (APC), who supported and encouraged the massive protests against subsidy removal in 2012 are now preaching the inevitability of subsidy removal.

“The Minister of State for Petroleum, Dr. Ibe Kachikwu, first announced that come next year, the price of petrol would revert to N97 per litre and that subsidy would be phased out.

Two days after, he denied this and stated that what he said was that the price would operate within a band of N87 to N97 and that this did not mean removing the subsidy.

The same minister now says that the price of petrol will now be N85 in January signifying the deregulation of the sector.

“These vacillations and flip flops are, in our view, designed to confuse Nigerians and pave the way for deregulation of petrol prices through the back door,”

HOPE YOU NOW SEE THE APC HYPOCRISY THAT IM TALKING ABOUT?

PETERiCHY:


https://en.m.wikipedia.org/wiki/Occupy_Nigeria


Occupy Nigeria was a socio-political protest movement that began in Nigeria on Monday, 2 January 2012 in response to the fuel subsidy removal by the Federal Government of President Goodluck Jonathan on Sunday, 1 January 2012. Protests took place across the country,

THE LINK BELOW IS TODAYS NEWS

[http://sunnewsonline.com/new/nlc-alleges-removal-of-fuel-subsidy-prepares-for-showdown/

The Nigeria Labour Congress (NLC) has accused the Federal Government of removing subsidy through the back door without letting Nigerians know about the process.

A statement by the General Secretary of NLC, Dr. Peter Ozo-Eson, declared the union would mobilise to resist the move.

“The chieftains of the ruling All Progressive Congress (APC), who supported and encouraged the massive protests against subsidy removal in 2012 are now preaching the inevitability of subsidy removal.

“The Minister of State for Petroleum, Dr. Ibe Kachikwu, first announced that come next year, the price of petrol would revert to N97 per litre and that subsidy would be phased out.

Two days after, he denied this and stated that what he said was that the price would operate within a band of N87 to N97 and that this did not mean removing the subsidy.

The same minister now says that the price of petrol will now be N85 in January signifying the deregulation of the sector.

“These vacillations and flip flops are, in our view, designed to confuse Nigerians and pave the way for deregulation of petrol prices through the back door,”

HOPE YOU NOW SEE THE APC HYPOCRISY THAT IM TALKING ABOUT?

then wait for the protest

PETERiCHY:


https://en.m.wikipedia.org/wiki/Occupy_Nigeria


Occupy Nigeria was a socio-political protest movement that began in Nigeria on Monday, 2 January 2012 in response to the fuel subsidy removal by the Federal Government of President Goodluck Jonathan on Sunday, 1 January 2012. Protests took place across the country,

THE LINK BELOW IS TODAYS NEWS

[http://sunnewsonline.com/new/nlc-alleges-removal-of-fuel-subsidy-prepares-for-showdown/

The Nigeria Labour Congress (NLC) has accused the Federal Government of removing subsidy through the back door without letting Nigerians know about the process.

A statement by the General Secretary of NLC, Dr. Peter Ozo-Eson, declared the union would mobilise to resist the move.

“The chieftains of the ruling All Progressive Congress (APC), who supported and encouraged the massive protests against subsidy removal in 2012 are now preaching the inevitability of subsidy removal.

“The Minister of State for Petroleum, Dr. Ibe Kachikwu, first announced that come next year, the price of petrol would revert to N97 per litre and that subsidy would be phased out.

Two days after, he denied this and stated that what he said was that the price would operate within a band of N87 to N97 and that this did not mean removing the subsidy.

The same minister now says that the price of petrol will now be N85 in January signifying the deregulation of the sector.

“These vacillations and flip flops are, in our view, designed to confuse Nigerians and pave the way for deregulation of petrol prices through the back door,”

HOPE YOU NOW SEE THE APC HYPOCRISY THAT IM TALKING ABOUT?

You guys don spoil SMN with politics, you now wan do same here. Abeg carry go jare.

Mfunkynation:
the rate at which FBNH fall to N4.66 around 2.15pm today then miraculously run mad to N4.85..........

Those are early signs of "birthpangs". Jump in while you still can.

Godisfaithful:



I dey here sir. I wouldn't be surprised if ASI closed above 30,000 tomorrow. Anyway, anything feel happen for our market

Ebi like say today gain of ASI nah just DANGCEM show. Drivers of real rally are GTB and Zenith, and they have not moved. We will see the reaction from tomorrow sha.

Raider76:


Ebi like say today gain of ASI nah just DANGCEM show. Drivers of real rally are GTB and Zenith, and they have not moved. We will see the reaction from tomorrow sha.

Naa DANGCEM, NESTLE, and FBNH do the show today sir

Oando on full bid.At least i am happy that oando will close the year above #6.00 and tomorrow will tell.

myjoy085:
@Justcul, sorry I am nothing against him as I don't know him in person. I only hate pretense and deceit. You must not be victim to know that many hapless newbies are enticed to make awful investment. We must be very careful on what news or information we give out, we should not claim to have inside information while in reality we know nothing. We must have a check to move forward.

Meanwhile, myjoy085 belongs to me and only me.



It is well..

You're are now the chief comedian of the house. You have the disposition and inclination of Theodore Bagwell(Tbag)of Prison Break(a series film)!

myjoy085:
@Justcul, sorry I am nothing against him as I don't know him in person. I only hate pretense and deceit. You must not be victim to know that many hapless newbies are enticed to make awful investment. We must be very careful on what news or information we give out, we should not claim to have inside information while in reality we know nothing. We must have a check to move forward.

Meanwhile, myjoy085 belongs to me and only me.



It is well..

You're are now the chief comedian of the house. You have the disposition and inclination of Theodore Bagwell(Tbag)of Prison Break(a series film)!

It is well...

http://www.cnbc.com/2015/12/30/puerto-rico-will-default-on-small-portion-of-the-1b-in-bonds-due-monday-officials.html?__source=newsletter|breakingnews

Puerto Rico will default on a portion of the nearly $1 billion in debt obligations due to its bondholders on Jan. 4.

Top officials for the commonwealth have confirmed that it will not be able to make two out of the 13 total payments due Monday to bondholders.

Puerto Rico will default on a $35.9 million payment on the Puerto Rico Infrastructure Financing Authority, and a $1.4 million payment on the Puerto Rico Public Finance Corporation.

Plz myjoy085, kindly deactivate your account. Its really getting confusing here.

[quote author=mercylicious post=41494044]Plz myjoy085, kindly deactivate your account.

He does not see reason with dat. Speaking with jacobs voice while d hand is Esaus.

Nigeria Stock Exchange undertakes year-end review of Market Indices

As part of end of year activities, the Index Committee of the Nigerian Stock Exchange (NSE) has undertaken a review of the NSE indices.

The review which was released by the NSE, recently will witness the entry of some major companies and exit of others in the NSE 30 Index, the sectoral, and pension index of the Exchange.

The composition of these indices after the review will be effective in 2016.

The breakdown of the likely composition of the indices shows that the NSE 30 Index may have Presco, Champion Breweries, Total and GSK, [/b]while Cadbury Nigeria, First City Group, Mobil and UACN are listed as likely exiting stocks.

[b]Vono Products, NNFM, and DN Tyre & Rubber are likely to join the Industrial Index, while Vitafoam and Tiger Branded Consumer Goods are exiting the index.

For the Banking Index, incoming stocks are Skye Bank and Unity Bank, while Wema Bank and Fidelity Bank are exiting the index.

The NSE Insurance Index will witness entry of Consolidated Insurance, Law Union and Rock Insurance, Staco Insurance and Regency Alliance, while Sovereign Trust Insurance, Prestige Assurance, NEM Insurance, and LASACO Assurance will likely exist.

Industrial Index have BOC Gases, Grief, and First Aluminum. NSE Oil/Gas Index have Japaul Oil and Maritime Services, and Eterna. Pension Index have Cadbury Nigeria, Glaxo Smithkline Consumer, Julius Berger, Seplat and Beta Glass, while Lotus Islamic Index will have Seven Up, Dangote Sugar Refinery, Total and Forte Oil coming in.

The stocks under the NSE sectoral indices are picked based on their market capitalisation from the most liquid sectors.

“The liquidity is based on the number of times the stock is traded during the preceding two quarters. To be included, the stock must be traded for at least 70 per cent of the number of times the market opened for business,” the committee said.





http://leadership.ng/business/486753/nse-undertakes-year-end-review-market-indices


Quote: "Accurately, predicting the direction of the stock market is an hopeless task..."

What will be the effect of PMB not devaluing naira against foreign currencies to NSE?

PMB says he has dollars@197 naira for those that want to do real agricultural and solid mineral resources businesses, not for those importing rice and toothpicks... they should buy their dollars at any price like 1 naira to $400, PMB doesn't send them...

http://www.wsj.com/articles/oil-prices-fall-on-oversupply-fears-1451470725

Oil prices tumbled Wednesday after data showed an unexpected increase in U.S. crude supplies.

Diesel futures dropped to the lowest level since 2004 as U.S. stockpiles of distillates, a category that includes diesel fuel and heating oil, rose more than expected.

A global glut of crude has weighed on the market for more than a year.

Oil prices are on course to fall by more than a third this year as big suppliers such as Saudi Arabia and Russia have continued pumping crude in a bid to defend their market share.

Meanwhile, U.S. crude output has been resilient despite the low prices, and much of the excess has gone into storage.

Light, sweet crude for February delivery settled down $1.27, or 3.35%, at $36.60 a barrel on the New York Mercantile Exchange.

Brent, the global benchmark, declined $1.33, or 3.5%, to $36.46 a barrel on ICE Futures Europe.

http://nairametrics.com/media-chat-why-buharis-blunder-about-devaluation-is-worrisome/

Well, anyone waiting for Naira devaluation is on a long thing. Looks like 10% to 20% JIJO may be the way for 2016 unless the so called analysts accept reality and stop scaring people about impending devaluation.

http://www.thisdaylive.com/articles/bear-run-opens-investment-opportunities-in-stocks/229097/

According to analysts at Zenith Assets Management Limited, said: “Nigerian equities look attractive. The contraction in fundamental valuation metrics line price-to-earnings multiples and trailing measures of book value make future expected returns higher than recent history. Investors who maintain their long-term discipline could be presented with potentially attractive entry points.”
In the banking sector, Skye Bank Plc is trading 53 per cent below its year’s opening price. The bank recorded a growth of 21 per cent in profit for nine months ended 30, 2015. UBA, Access Bank Plc, Zenith Bank Plc, GTBank Plc, which also recorded increases in their nine months results, are trading 49 per cent, 30 per cent, 25 per cent and 21 per cent respectively lower than their year’s opening value.

In the conglomerate sector, Transnational Corporation of Nigeria Plc (Transcorp) is selling 55 per cent lower than the price in January, while A.G Leventis Plc and UAC of Nigeria Plc are 53 per cent and 41 per cent in that order below their year’s opening value.
Analysts said Transcorp stands to improve on its performance given the value its power subsidiary is expected to add to the group

market to close by 12:00pm

http://www.cnbc.com/2015/12/30/oil-to-fall-under-30-before-rebounding-analyst.html

The first half of 2016 is looking "pretty ugly" for hammered oil prices that are poised for even more losses, an analyst said Thursday.

While some recovery in prices--perhaps at $60 a barrel--may take place at the end of 2016, "You would hit a price in the 20s before you would certainly get there,

U.S. WTI and Brent crude oil prices settled over 3 percent lower Wednesday and are now flat above $36 a barrel in Asian trade on Thursday.

Oga PeterRichy, I hail u. if nobody hail u here, U de try, how u consistently post these News...Na wa.

Pls why is UBCap stagnant for a long time now at N1.31, and in green all along ??