Intendy:
http://www.bloomberg.com/news/articles/2016-05-30/nigeria-s-buhari-gives-central-bank-go-ahead-for-flexible-naira

inevitable . . #bullish

Intendy:
http://www.bloomberg.com/news/articles/2016-05-30/nigeria-s-buhari-gives-central-bank-go-ahead-for-flexible-naira

what do we expect from this in NSE,this week

fxuser:

https://trwstockbrokers./2016/05/30/market-update-for-the-week-ended-may-27-2016/

Good read.

'' .. but market forces at open in the next trading session will determine direction ''

#key

fxuser:


'' .. but market forces at open in the next trading session will determine direction ''

#key

'' The profit taking activities of traders were not obvious as fund managers and brokers balanced their holding positions for end of the month accounts. This means that the new week would experience mixed performance. For any new positioning, wait for the pull back before jumping into the market. '' end quote


I share similar thots with d writer.
Hav a blessed and bullish week ahead .

http://www.investing.com/news/stock-market-news/nigeria-stocks-lower-at-close-of-trade;-nse-30-unchanged-405355
Nigeria stocks lower at close of trade; NSE 30 unchangedInvesting.com

Nigeria stocks were lower after the close on Monday, as in the sectors led shares .
At the close in Lagos, the NSE 30 unchanged 0.00% to hit a new 6-months high.
The best performers of the session on the NSE 30 were Zenithbank (LAGOS:ZENITHB), which unchanged 0.00% or 0.00 points to trade at 16.58 at the close. Meanwhile, Tiger Branded Consumer Goods PLC (LAGOS:TIGERBRD) unchanged 0.00% or 0.00 points to end at 5.31 and Dangsugar (LAGOS:DANGSUG) was unchanged 0.00% or 0.00 points to 7.18 in late trade.

The worst performers of the session were Zenithbank (LAGOS:ZENITHB), which unchanged 0.00% or 0.00 points to trade at 16.58 at the close. Tiger Branded Consumer Goods PLC (LAGOS:TIGERBRD) unchanged 0.00% or 0.00 points to end at 5.31 and Dangsugar (LAGOS:DANGSUG) was 0.00% or 0.00 points to 7.18.
Falling stocks outnumbered advancing ones on the Lagos Stock Exchange by 0 to 0.
Crude oil for July delivery was up 0.59% or 0.29 to $49.62 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August rose 0.72% or 0.36 to hit $50.31 a barrel, while the August Gold contract fell 0.76% or 9.20 to trade at $1207.50 a troy ounce.
EUR/NGN was down 0.32% to 221.740, while USD/NGN fell 0.05% to 199.050.
The US Dollar Index was down 0.01% at 95.72.

ogbs2020love:


Please I bought may and baker plc
on the 18th April 2016.
and closure of registrar for the stock is btw 18_22nd April 2016.
do I qualify for dividend?

When is the payment date for May & Baker?

Intendy:
http://www.bloomberg.com/news/articles/2016-05-30/nigeria-s-buhari-gives-central-bank-go-ahead-for-flexible-naira

Exercise due caution..

Like they say...Buy on the Rumour; then sell on the news!

we dey wait market correction just like una FPIs too...

http://m.guardian.ng/features/law/court-adjourns-winding-up-suit-against-japaul-to-june-8/

japaul energy a subsidiary of japaul oil and gas

am back ahter a long holiday will the bear continue

know matter how the pre market look bearish i will not sell my stocks... just a temporary force! i know investors will like to look @ the market today to determine their next move....

you are right sir, pre-market is looking bearish.

ufotty2001:
know matter how the pre market look bearish i will not sell my stocks... just a temporary force! i know investors will like to look @ the market today to determine their next move....

JAS10:
you are right sir, pre-market is looking bearish.

first day of the week is always bearish.. natural in nigeria NSE

bear today is something else... buhari need a good adviser! the economic policies is not favourable at all

Men the Redness of this market this morning no be here if it continues like this na fasting and prayer go fit save Nigeria as the Nigerian stock exchange market is looking scary my the minute o

Quote of the day while the bear lasts:

"I promise to fulfill my promises!"

i said it this is a temporary bear! it is a continuation of last friday... FBHN, ZENITH, ACCESS BANK GATHERING MOMENTUM GRADUALLY WAIT ON TILL 1PM ALL RED WILL TURN TO GREEN

megainvest:
Quote of the day while the bear lasts:

"I promise to fulfill my promises!"

Please sir these promises.. i beg make i know one now

fbnh dividend just landed

https://www.nairaland.com/3137016/stock-market-lost-n1.732tn-one
The Nigerian stock market crashed by N1.732tn within one year of the Muhammadu Buhari-led Federal Government.

The Nigerian Stock Exchange data showed that the NSE market capitalisation on May 28, 2015 was N11.658tn, while that of May 27, 2016 was N9.926tn.


Market capitalisation is the total market value of the shares outstanding of a publicly traded company.

The NSE All-Share Index also crashed to 28,902.25 basis points from 34,310.37 basis points.

Investors in the country’s capital market (equity category) lost over N1.053tn in the first quarter of 2016.

During the first three months this year, the equities market depreciated by 10.79 per cent.

As of the first day of trading this year (January 4), the NSE market capitalisation stood at N9.757tn, while the All-Share Index was 28,370.32 basis points.

But as of the last day of trading in 2016 Q1 (March 31), the market capitalisation and All-Share Index crashed to N8.704tn and 25,306.22 basis points, respectively.

Equity investors in the country’s capital market had, in the first seven trading days on the floor of the NSE in 2016, lost N804tn of their investment’s worth. Market capitalisation after the close of trading on the floor of the Exchange on the first seven days closed at N8.953tn.

The All-Share Index also dropped from 28,370.32 basis points recoded on the first day of trading in 2016 to 26,034.94 on the seventh trading day of this year.

The downward trend in the Nigerian stock market, weeks into 2016, did not show any sign of abating as the market capitalisation continued to fall, with 10 out of the 12 indices of the NSE recording negative stance 10 weeks into 2016.

The market capitalisation of the NSE fell by N811bn in the first 10 weeks of trading this year.

The NSE market capitalisation dropped from N9.75tn on January 4, 2016 to N8.939tn 10 weeks into the year, while the All-Share Index also closed at 25,988.40 basis points from the 28,643.67 basis points recorded on the first trading day of the year.

Investors had also made huge losses in the Nigerian equities market last year as the market capitalisation (equities only) of the NSE shed a total of N2.354tn between December 2014 and December 2015.

The President, Nigerian Stock Exchange, Mr. Aigboje Aig-Imoukhuede, last week, said the country’s capital market could not continue to lag behind in the global arena, adding that it needed to strategise for growth to better the economy.

He said the capital market must facilitate capital raising for economic growth as well as mobilise savings for investment.

Aig-Imoukhuede said part of the strategies was a broad consensus on sectorial priorities for growth, which should feed into policy formation.

He advocated for incentives for priority economic sectors like Information and Communications Technology, while pushing for non-listed national champions to be listed on the NSE for others to follow.

He said, “Nigeria is facing a huge growth challenge. Nigeria, indeed, has a big challenge in terms of growth. Employment rate must grow owing to the fact that the population is also growing very fast. Growth is difficult to realise; so, government must stimulate growth.

“Nigeria is only exaggerating the impacts of falling oil prices now. This is because with a robust financial market the economy can be sustained. The financial market must be encouraged.”

He described the Nigerian financial market as a ‘high-risked’ market, saying the situation was capable of attracting limited investors who could ultimately stop at nothing to maximise returns.

An analyst at WSTC Financial Services Limited, Mr. Tola Oni, said in the last one year, the efficiency of the country’s economy had been constrained by policies – monetary and fiscal.

He noted that the country had not been able to chart the right path in the past one year, saying some actions by the Federal Government in recent times had shown a rethink especially in the partial deregulation of the petroleum downstream sub-sector and the flexible foreign exchange market.

“Our concern is that this flexibility must mean flexibility in the whole sense of it. We’ve seen the capital market make progress recently owing to these. Any attempt by the government to interfere again could drag us back significantly,” he added.

The President, Constance Shareholders Association of Nigeria, Mr. Shehu Mikail, said the happenings in the stock market in the past one year were a reflection of the country’s economic stance, which is very hostile policy-wise

He said the country had been plagued with serious economic and financial challenges, which had resulted in activities being slowed down especially in the financial sphere, which included the NSE.

Mikail added, “The prices can be better if things turn around economically. The 2016 budget had been passed and the implication of the passage would start filtering into the economy in due course. With the recent forex flexibility, we expect the game to change.

To this end, the NSE Chief Executive Officer, Mr. Oscar Onyema, while commenting on the state of the market, had said, “Among emerging markets, recession has materialised in Brazil and Russia, and the trend is likely to continue amid weakening oil and other commodity prices. The Nigerian stock market had already lost $30bn since July 2014.

“In the sub-Saharan Africa, while the recent performance of Nigeria and South Africa, has been lackluster, the overall region has weathered the commodity slump better than Latin America and elsewhere, with growth slated at 4.3 per cent in 2016, up from 3.8 per cent in 2015.”

http://www.punchng.com/stock-market-lost-n1-732tn-one-year-buhari/

has anybodi received fidelity dividend warants thro post? cos post office here in uyo said dey av nt receive dividend warants from first registrar. icalld first registrar n dey said dey av posted warants.

ahahahahahahahahha room is quiet!!!!!!! wetin happen now! during bull this room dey fulll welllllllllllllllll welllllll... but it is normal for everyone expect bear and bull just as life and death.......

jp130:
has anybodi received fidelity dividend warants thro post? cos post office here in uyo said dey av nt receive dividend warants from first registrar. icalld first registrar n dey said dey av posted warants.

am at uyo tooo.... am expecting my own fiddelity bank dividend via post @ uyo! i need that money oooohhhhh! that money too big for me to forget

debeey87:
http://www.bloomberg.com/news/articles/2016-05-30/the-big-short-is-back-in-chinese-stocks-as-yuan-losses-escalate

Early ripples from highly likely June Fed rate hike. Could only deccelerate FPI inflow into NSE though, nothing more. Until then.

ufotty2001:
ahahahahahahahahha room is quiet!!!!!!! wetin happen now! during bull this room dey fulll welllllllllllllllll welllllll... but it is normal for everyone expect bear and bull just as life and death.......

Quietly loading my gun to rush UCAP is what is going on

NuttyChoky:



Quietly loading my gun to rush UCAP is what is going on

Wise one.

NuttyChoky:


Quietly loading my gun to rush UCAP is what is going on

red day

I suspect the market was manipulated in the last 2 weeks... Pre-May 29 things...(Buhari's speech and all)

If you have paper profit...please turn it to cash... Until CBN decides what it wants to do...

Be careful with banking stocks too... (Militancy...revenue...exposure....possible devaluation.... ) all negatives for the sector..

If you are a short term trader and have made up to 10%-15% from Seplat...consider selling

If you have dollars....hold on to it tightly...don't sell for any reason

These are just my thoughts oh....

The Federal Government has set up a presidential inter-agency committee to recover loans granted commercial banks and corporate organizations by the Asset Management Corporation of Nigeria (AMCON).

The committee, headed by the Attorney General of the Federation and Minister of Justice, Abubakar Malami, has members
​drawn from various ministries, departments and agencies.
They include ​the ​Minister of State (Aviation), Hadi Sirika; Inspector General of Police, Solomon Arase; Chairman, Economic and Financial Crime Commission, Ibrahim Magu; Accountant General of the Federation, Ahmed Idris, and Group Managing Director, Nigerian National Petroleum Corporation, Ibe Kachukwu.

Others include Director General, Debt Management Office, Abraham Nwankwo; acting Executive Secretary, Petroleum Products Pricing and Regulatory Agency, Eunice Iyoyo, and managing director, AMCON, Ahmed Kuru.

At the inauguration of the committee in Abuja, the justice ​minister recalled the establishment of AMCON in the wake of the global financial system crisis and the banking sector consolidation reforms in 2008 to prevent the collapse of the Nigerian banking sector.

​The AGF said the decision by AMCON to purchase the toxic loans was to stabilize the banking sector, and by extension the Nigerian economy.

He said, however, that the debtors who cut across the aviation, banking, oil and gas sectors, have since failed to repay the loans, while some had resorted to court actions to frustrate AMCON’s​ efforts to recover the loans, sometimes with active conspiracy of some financial institutions.

The frustrating experience, the minister noted, informed the president’s approval of the committee, which terms of reference include to ascertain the current status of AMCON recoveries in terms of achievement from inception to date as well as the total outstanding value of assets.




The committee is also expected to ascertain how government at various levels could be made to honour their debt obligations to AMCON; request and obtain information from any persons and/or onshore/offshore entities that would support the Federal Government effort recover the loans.

Other responsibilities include​ assist​ing​ in third party investigation outside AMCON office relating to obligors and identify​ing​ the criminal nature of commercial transactions that would assist in pursuing criminal prosecutions.

The c​ommittee would also ascertain how government agencies could collaborate to support AMCON’s recovery effort in ensuring that payments due to obligors were made to AMCON; see the prospects of going into a Joint Venture Agreement with AMCON; ensure the acquisition of forfeited assets from AMCON, and take-over of recalcitrant businesses/companies where feasible.

The committee is also expected to establish the working framework for AMCON to have direct contact with the agencies for assistance and report made on achievements and challenges as well as design workable strategies to pursue the recovery of the AMCON loans.
http://www.premiumtimesng.com/business/204407-nigerian-govt-constitutes-presidential-committee-recover-amcon-loans.html

run with your profit .. .

megainvest:


Wise one.

you are not alone
bids lower dan 2.30 , not going thru yet !
umm