I am not sure how the UK's EU referendum will affect other markets but I'll bet it will in some way. Tomorrow is the d-day and there just might be volatility. I expect a "Remain" victory might usher in the bulls in the following trading days. Reason is, foreign investors have more reasons to wait on the sidelines until after the dust settles before a decision can be taken. In order words, they have other things on their mind apart from Naira devaluation.

Meanwhile, Guaranty enjoyed patronage from some deep pockets yesterday and today. Infact they bought at inta-day high of N23.20 today. I hope they consider other stocks in the coming days. Na beg I dey beg o

ogoo4real:
The idea of sell in may is no longer raining so when do we now sell.

Sell in June and go away. Don't say u were not warned.

All these UCap monkey hunters are in for a BIG SHOCK.

duni04:
Im not an unbeliever. I actually hold a very marginal stake there. Im just weary of misinformation and propaganda. Most of us are still recovering from all the O n O propaganda in '14. I think UCAP actually has solid growth prospects.

It reminds me of the ...EvansMed, Vitafoam, Costain, May & Baker....guys . Just like this...they where shouting daily..buy, buy, gave all sorts of reasons to buy...now where are they now..
Do ur Due Diligence...dont be deceived. Stocks full market now...

http://www.financialwatchngr.com/2016/06/23/investors-interest-in-nigeria-surges-on-fx-reforms/

Investors interest in Nigeria surges on FX reforms

There has been a major surge in investor interest in Nigerian assets following the introduction of a floating currency by the Central Bank, several market sources tell BusinessDay. “I have been inundated with calls. People are showing tremendous interest, even though the cash is not coming quite yet,” one treasury official at a large financial firm told BusinessDay.

The interest is being fuelled in large part by the extent of the reforms (free floating of the naira, single FX window) unveiled by the Central Bank of Nigeria (CBN), which caught most investors unawares, sources say.
The changes made by the central bank and the fact the CBN is clearing the backlog of FX demand is very positive, according to another international fixed income asset manager.“Offshore investors will likely return when they see liquidity in the dollar – naira market – this still does not seem to be the case. When offshore investors are able to get money out is when they will likely put new money in,” the source told BusinessDay anonymously as he was not authorised to speak publicly.

The naira firmed to close at N281.50 to the dollar on Wednesday, following a central bank dollar sale to improve dollar liquidity, its first daily gain since the CBN reopened the interbank FX market.

In the non-deliverable forwards market, the naira rose against the dollar , with the one-month contract quoting the currency as firm as N288, after hitting N317 on Monday.

The CBNs move to float the currency has narrowed the gulf between the interbank FX rates and parallel markets where traders were offering it at N330 to the dollar on Wednesday, down from N370 last week.

Nigerian stocks gained 705.81 points or 2.40 percent to close at 30,127.82 points, a major move above the psychologically important 30,000 points level.Market capitalisation surged N242.17 billion to close at N10.34 trillion.

Market capitalisation surged N242.17 billion to close at N10.34 trillion.

Foreign portfolio investors are still watching the markets before they dip their toes back in, according to Mustapha Suberu of boutique investment bank, Eczellon Capital.

“They want to see how effective, efficient and transparent FX transactions will be at the interbank market. They also want the initial volatility to play out and have a proper guide on what the true value of the naira may be,” Suberu told BusinessDay.

“Once there is greater clarity on the efficiency of the interbank market and value of the naira, we can expect portfolio investors to flood the Nigerian financial market.”

This may take up to three months, other things being equal, Suberu said.

Foreign investors held $5.4 billion of Nigerian bonds in September 2013 but dumped most of them after the country was ejected last year from JPMorgan’s GBI-EM index – tracked by more than $200 billion of funds.They will probably need to be convinced that a more flexible and liquid FX platform can be sustained for longer and also likely require higher yields to compensate for risks associated with the Nigerian market before resuming the purchase of naira debt, analysts say.

“With the yield curve being now in negative CPI-adjusted territory, the risks to market rates may still be to the upside if the CBN seeks to anchor investor expectations,” Samir Gadio,Head of Africa strategy and FICC research at Standard Chartered Bank, tells BusinessDay.

“In terms of re-inclusion in the GBI-EM indices, it is still early days. Given the size of the Nigerian debt market and decent secondary market liquidity on the PDMM platform, there may be a case for index re-inclusion in the long term. The index provider will probably want to see a consistent and reliable record of FX liquidity over time,” Gadio said.

http://oilprice.com/Energy/Energy-General/Get-Ready-For-80-Oil.html

Do your research to buttress the link.
so as to get your own gains

..........the topic of season in nigeria is operation shine your eyes..........
...........and I pledge my.... to the Night's(stocks) Watch, for this night and all the nights to come...........
-------------------------------------------------------------------------------------------------------------------------
http://www.pmnewsnigeria.com/2016/06/22/access-bank-md-wigwe-commits-to-diversification-of-economy/?

http://independentnig.com/2016/06/23/now-that-naira-is-allowed-to-float/?#

http://www.cato.org/blog/nigerias-floating-read-sinking-naira?

http://thenationonlineng.net/foreign-investors-may-not-rush-back-yet/?

http://www.punchng.com/new-forex-regime-needs-proper-management-ex-anan-boss/?

http://www.thisdaylive.com/index.php/2016/06/23/cbn-opens-discount-window-to-boost-liquidity-naira-strengthens-to-n282-801/?

forbes30:
..........the topic of season in nigeria is operation shine your eyes..........
...........and I pledge my.... to the Night's(stocks) Watch, for this night and all the nights to come...........
-------------------------------------------------------------------------------------------------------------------------
http://www.pmnewsnigeria.com/2016/06/22/access-bank-md-wigwe-commits-to-diversification-of-economy/?

http://independentnig.com/2016/06/23/now-that-naira-is-allowed-to-float/?#

http://www.cato.org/blog/nigerias-floating-read-sinking-naira?

http://thenationonlineng.net/foreign-investors-may-not-rush-back-yet/?

http://www.punchng.com/new-forex-regime-needs-proper-management-ex-anan-boss/?

http://www.thisdaylive.com/index.php/2016/06/23/cbn-opens-discount-window-to-boost-liquidity-naira-strengthens-to-n282-801/?

l lov ur games of throne quote... lol

Transcorp will nosedive today.

ibe9ja:
Transcorp will nosedive today.

up or down

We shall see

ibe9ja:
Transcorp will nosedive today.

Good morning! I need idea(s) on any good appreciable penny stock, preferrably banking and maybe other sectors, to buy today for a short term investment.

debeey87:
We shall see

unlikely
8m bid in place with little offers
will open at 1.85

Mfunkynation:
up or down

Put your nose down. Is it up or down?

I hope that answers your question.

bears yet to recover from Emefiele's surprise upper cut !

Good morning oga in the house...

What is pushing transcorp share upward ....

What is the target price of transcorp before it will flattened...

Is it good to buy now...assuming it is heading to N2.50 in the next 2 weeks


Cc:
Godisfaithful
Angeloe
Manie
Zendi
Lancee...
Mega invest
Peterichie... If you are available
Chibuking
Intend
I help

Etc

Etc

An announcement might be due from Transcorp. There is something about this solo bull. Beefing this stock right now..........bailed out at N1.34

JIJO don tire me. I need to be more patient.

Please, has anyone taken a margin facility from morgan before? How does it work?

Thanks

FBNH! Jeez! Mehn! I give up! Slowest ever!

Fbnh , fidelity ..yeye stocks

No wonder they bt started with F Fuc...ing pple up

donmarshia:
FBNH! Jeez! Mehn! I give up! Slowest ever!

slow and steady wins the race

lancee:
Fbnh , fidelity ..yeye stocks

No wonder they bt started with F Fuc...ing pple up

Well, they present opportunities for those that missed the early fliers. It's just a matter of time. Na turn by turn.

Manonamission:


Well, they present opportunities for those that missed the early fliers. It's just a matter of time. Na turn by turn.

When will it get to their turn ..others don dey chop since last wk ..just dey there dey look like Lucozade

i taya bros

pls hus, wat d current price of transcorp, fcmb, ucap, zenith n diamond

A beg ogas I due beg make una answer my questions above....

Wet in I do una....

Name position una due take


Ogasssss make una answer my questions above pleasssseeeeeee

.....for FCMB....ACCESS and UBA....the only question remains.....what is a reasonable target exit point....
....was gonna exit but...this bull no allow me click sell button..... ........

Why zenith bank no wan come down despite FAYOSE INDICTMENT...

I THINK SAY ZB go come down make I buy more...

Oga mega invest... Please drag the prices of GTB and ZB down for me...


Oga Peterichie Don run? 2 weeks I never see am....CBN Don devalue naira.....make him bring his dollars come drag the prices down...

forbes30:
.....for FCMB....ACCESS and UBA....the only question remains.....what is a reasonable target exit point....
....was gonna exit but...this bull no allow me click sell button..... ........

pls wat s fcmb,ucap,zenith,diamond n transcorp current price. Thankz

FBN over sluggish !