BabsO2:




Looking at NSE 30, the monthly bond auction dates seem to align with red days in the market. Most likely it's the same effect with the main all share index. (Did not find the all share index readily so I made do with the NSE 30 as it should be representative enough)

Looking at the past the market should recover in about 3 days if this current red is due to the demand for funds from the bond market.
But this April deep started some days before the auction, so there is a possibility recovery will be faster or perhaps slower. The first market deep was also on Jan 29, the auction date for that month.

vacanci:


the next one may be lower as its now dropping gradually as seen from the range of bids. One has to bid under 20% to be successful with the longest tenor next time else, the money will be waiting for higher rates and this may not come

emmanuelewumi:



People and institutions buying bonds don't sell shares in order to invest in bonds.


Over N900 billion was bidded yesterday but over N600 billion was successful.

Where is the extra N300 billion returned to investors?

They will rather invest it in fixed deposit or money market fund for 28 days to 30 days earning about 15% and the bid again in the primary market next month or better still buy in the secondary market from today

BullBearMkt:

"The dumpers are waiting for the dividend hunters 😂" - Agbalowomeri

BabsO2:


Stuff like this is not cast in stone as the various people involved have various dispositions.

The size of the bond market trade in the monthly auction is bigger than the sum of trades on the NGX in most months I guess. The data is readily available. Nothing stops me from selling FBNH at N40 to buy FGN bonds when the opportunity came up. Neither did anything stop you from selling DS when you did to key the proceeds into bonds. And this happening can be a reason for the pull backs observed in the last picture i pulled from investing.com

emmanuelewumi:



Today's red was too deep. The auction was yesterday and unsuccessful investors were refunded to the tune of about N300 billion, yet the
market lost over 1% today. Thet is the highest in a long time

PETERiCHY:


OANDO sighted on full offer @#12.10K

LOCO and appease the gods you no gree.
By now I know say your body don come down

thebargainhunte:
I expect stability either today or tomorrow

Zagee:

That stability should wait first for my buy zone oo. 🙆🏽‍♂️
But Madam will say market has a mind of its own.🤷‍♂️

emmanuelewumi:



People and institutions buying bonds don't sell shares in order to invest in bonds.


Over N900 billion was bidded yesterday but over N600 billion was successful.

Where is the extra N300 billion returned to investors?

They will rather invest it in fixed deposit or money market fund for 28 days to 30 days earning about 15% and the bid again in the primary market next month or better still buy in the secondary market from today

BigBashiru:


How do you find out the amount bidded and the amount returned?

emmanuelewumi:



From the offer results

BigBashiru:


Where do I see the offer results?

KarlTom:
Ding!

KarlTom:
NASCON of full offer

yMcy56:
ACCESS @18 now......from 16.95... Looking like there'll be reversal in some stocks.... Hope it's not too early to say this.....

Mfunkynation:
Aunty, I thought today was going to be another "Bend Down and Select" ride

Princkez:
How far OANDO court case today??