yMcy56:

Lol. You just said it in above post
Inconsistent Govt policies. The other time it was TBills issue, this week's own, MPR rate palaver...

It is not really inconsistent government policy because they already signalled it will happen. It is some oga coming to make it big deal here.The motive na him dem never tell us.The FA of quoted companies has always been the koko when we joined this business many moon ago..why didn't the same monetary policy perform wounders during pmb tenure in the stock market at low rates.
We are told the stock market is a reflection of the macroeconomic of a country .And naija is definitely heading for better days.

I don't follow for bear thing. I still bought oando for #10 yesterday for my #20 from Wale.My transcorp bid at 12.50 still dey market and oando at #9 .
I no fit fall mugu for this market again. For now I am ok with the quantity in alhaji

yMcy56:

Honestly!!
...I was looking at quite some stocks when market opens and just wishing in my mind!

Imagine ACCESS @16 something....
ZENITH 31 something.....
FCMB @7.20 or so
SUGAR@50
Even JAPAUL 1.83.......
Quite a lot

Japual @ 1.83 was a cherry pick..

Streetinvestor2:
It is not really inconsistent government policy because they already signalled it will happen......
The FA of quoted companies has always been the koko when we joined this business many moon ago..why didn't the same monetary policy perform wounders during pmb tenure in the stock market at low rates.
We are told the stock market is a reflection of the macroeconomic of a country .And naija is definitely heading for better days.

You made some valid points here though.

What still baffles me was the correlation btw stock dumping and the measures taking to curb inflation....
I'd thought it should be the other way round......i.e. market is supposed to respond positively to NGX, just like investors will respond positively to other instruments.

I understood many may want to take the funds to more stable instruments but, isn't the rate also a positive one for the economy if we look at it as a means of improving the economy too?

I be newbie and na evening school I go, not a financial student

What's up

Boshins:
Japual @ 1.83 was a cherry pick..

Honestly!
E get 4 of them wey dey Waka together like twins...Lol
JAPAUL and CHAMS,
UNITY and JAIZ

Looks like some big funds are mopping up Bank shares. With the lead in FBNH. Some people may lose out selling cheaply if they are not skilled traders. I think Nigerian banks are still under-priced especially those that can reduce impairment losses in this tough times. Their book values will continue to soar along with their earnings per share. The only con I see is some people bad mouthing Nigeria Bank profits in this current clime. Luckily they are not in leadership positions in Government.

Streetinvestor2:
I don't follow for bear thing. I still bought oando for #10 yesterday for my #20 from Wale.My transcorp bid at 12.50 still dey market and oando at #9 .
I no fit fall mugu for this market again. For now I am ok with the quantity in alhaji

I bought more Oando at N11 by selling FBNH at N34 this week as good swap prices came up.

DUNKA:
It is well madam this one wey even the Gurus dey fear

[sub][/sub]o

BabsO2:


I bought more Oando at N11 by selling FBNH at N34 this week as good swap prices came up.

yep....You sabi d game...

yMcy56:

Honestly!
E get 4 of them wey dey Waka together like twins...Lol
JAPAUL and CHAMS,
UNITY and JAIZ

Yep....You r really observing...I greet u my Oga..

BabsO2:


I bought more Oando at N11 by selling FBNH at N34 this week as good swap prices came up.

The market don dey make me vex.i was expecting the red to last till Friday oh.i was expecting green to come back on Monday.i was hoping to complete my bet on oando by Friday, lol.which kind yeye red for just a day after everything.

Consecutive cross deals of 2.5m units on Oando.

Prophet, over to you.

https://doclib.ngxgroup.com/Financial_NewsDocs/40408_BUA_CEMENT_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_FEBRUARY_2024.pdf

Dividend of N2 by BUA as against N2.80k in 2022. The stock na big man stock. Its price will only move to the direction the owners want.

Streetinvestor2:
The market don dey make me vex.i was expecting the red to last till Friday oh.i was expecting green to come back on Monday.i was hoping to complete my bet on oando by Friday, lol.which kind yeye red for just a day after everything.

I checked a few minutes ago. All the available offers for OANDO were cleared. Silent mopping (betting) on Oando is ongoing.

yMcy56:
OANDO from N9 is sighted back @10.45
Battle for the soul of OANDO.....
Peter will come and tell us how he exited the ones he bought at 10.95 and reloaded @9.

GTB seems to have turned it's back against the bear.......true or false? We'll know as market progresses.....
.

The price fluctuations cycle would repeat itself again in Oando by the 3rd - 4th week of March;

JIJO

yMcy56:
OANDO from N9 is sighted back @10.45
Battle for the soul of OANDO.....
Peter will come and tell us how he exited the ones he bought at 10.95 and reloaded @9.

GTB seems to have turned it's back against the bear.......true or false? We'll know as market progresses.....
.

BabsO2:


I bought more Oando at N11 by selling FBNH at N34 this week as good swap prices came up.

That means if you bought @27 ,you don collect over 20% in just a week. That na TB money for a year.

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Boshins:
Japual @ 1.83 was a cherry pick..

Then FCMB @6.70 will be ...?

mikeapollo:


The price fluctuations cycle would repeat itself again in Oando by the 3rd - 4th week of March;

I do not see it tinkered with.

Zegra:
Yesterday was supposed to be the board meeting of NASCON
Any info on the outcome of the meeting?

I am surprised Nascon truly had the meeting yesterday and there was no prior notification .This is a surprise as only prior notification of Dangote sugar was known

Actually it held two days ago.
Now the manipulations of Tuesday makes sense...

sterlingD:

I am surprised Nascon truly had the meeting yesterday and there was no prior notification .This is a surprise as only prior notification of Dangote sugar was known

KarlTom:
Actually it held two days ago.
Now the manipulations of Tuesday makes sense...

those are some insiders with privilege information. Hmmmmmmmmm. It is well

Those "closed period" of a thing is a scam...

vacanci:


those are some insiders with privilege information. Hmmmmmmmmm. It is well

KarlTom:
Those "closed period" of a thing is a scam...

i tell you.

as long as the auditors are human beings who have friends and relatives and the directors have distant relatives and friends unknown to the exchange, they can use them as proxies to manipulate.

NIN-Bank Linkage: 85.51 Million Bank Customers Risk Account Suspension


https://leadership.ng/nin-bank-linkage-85-51m-bank-customers-risk-account-suspension/

[quote author=vacanci post=128710441]

i tell you.

as long as the auditors are human beings who have friends and relatives and the directors have distant relatives and friends unknown to the exchange, they can use them as proxies to manipulate.[/qu


So do we infer that what has played out in the past few days was dumping or mopping as regards Nascon??

So do we infer that what has played out in the past few days was dumping or mopping as regards Nascon??

2zona:
So do we infer that what has played out in the past few days was dumping or mopping as regards Nascon??

It is visible to the blind and audible to the deaf

All indices point in that direction.
The AFS should shed some light on those dark areas...

2zona:
So do we infer that what has played out in the past few days was dumping or mopping as regards Nascon??

yMcy56:

Something must be brewing in TRANSCORP....
It refused to participate in yesterday's dumping and refuse to close on full offer!
The volume buyers are in market already again....


Meanwhile, ACCESS @18 from 16+!!
UBA now @21.50 from 19+
FBNH @27

TRANSCORP is likely to see N30 in few weeks ahead all things being equal.