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Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11474748 Views)
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Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 8:40pm On May 09, 2017 |
locodemy: Why you say so loco? |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 8:46pm On May 09, 2017 |
Tritri: Did you notice the big volume today? it is a sign of dumping. The bus good for long termers like me. supplies @ below #1.00 tomorrow will be appreciated. |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 8:49pm On May 09, 2017 |
locodemy: Nah i don't agree..who did they dump it to? A newbies? it could also be a sign of buying ...The bull is still on.If you notice well u will see only FCMB and TOTAL+FO doesnt go allow with the bull....So let wait until everything settles down.Why did u now buy at 0.93? |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 9:02pm On May 09, 2017 |
Tritri: because i am a long termer.I don tell u now.Supply tomorrow and thank me when you buy @ 0,85kobo. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 9:04pm On May 09, 2017 |
you dont have to sell Oando tomorrow. It will still do 10%. wait and chop that one first. but beware that once the right issue news is out,it would be on full offer and you will not be able to sell easily.Timing is key. On the issue of rights, it is over necessary since they have outstanding, over 265billion loan to pay. |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 9:10pm On May 09, 2017 |
Mpeace: OS is 12 billion already.1 for 1 will be 12B multiply by 2= 24B OS. How many companies in the oil sector has up to 2B OS? Why is oando case different? Let them list as a bank,na them dey carry big big OS. |
Re: Nigerian Stock Exchange Market Pick Alerts by Princkez: 9:31pm On May 09, 2017 |
safepaulooo:my broda how market with FBNH,u don understand now ![]() ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by safepaulooo(m): 10:36pm On May 09, 2017 |
Princkez: Waiting for KM 10 before I go understand ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by ihedioramma: 10:39pm On May 09, 2017 |
The National Assembly has
raised the 2017 budget by over
N143bn, up from President
Muhammadu Buhari’s original
proposal of N7.298tn. The new figure is now N7.441tn. |
Re: Nigerian Stock Exchange Market Pick Alerts by austinkenneth: 11:30pm On May 09, 2017 |
locodemy: Which technicals showed signs of 85 kobo? |
Re: Nigerian Stock Exchange Market Pick Alerts by PharmAlfred: 11:40pm On May 09, 2017 |
The men in black have come back. Position carefully. The market might keep moving up. Nairametrics| In a bid to placate and lure foreign investors, the CBN introduced a window for investors and exporters looking to buy or sell dollars at a more market determined rate. The window was pitched as a market that will be insulated from the fixed price that was symbolic of other windows. The CBN, believes liquidity will mostly be provided by dealers and will only intervene should there be strong signs of a liquidity squeeze. It appears, this scenario is playing out as investors share their experience. Experience in the FX Window Initial reaction to this window was understandably cautious but mostly welcomed. Investors were concerned about the manual nature of the price determination as the FMDQ will have to rely more on telephone calls to confirm prices, rather than use the Reuters engine, which the CBN claimed was slow to be adopted by market participants. We have now received the first set of feed-backs from foreign investors, and as Bloomberg reports, they are a mix of good and bad. Unlike last year when they were dissatisfied with the disparity between the official rate and the black market rate, the concern seems to have moved towards two main concerns. Shortage of dollars – they claim the CBN has not provided liquidity for the window. Manipulation – They are concerned that the CBN may manipulate the rates in the window Despite these concerns, the report suggest investors have started exchanging dollars for naira, albeit in smaller quantities. Some have purchased treasury bills at 22%, while others have invested in bonds. Some have secured positions for investment in equities. While investors welcomed the move, there’s still a shortage of dollars amid persistent concerns that the monetary authority, which backtracked on a pledge to float the currency last year, will manipulate the rate within the window. For these traders, caution is still the watchword, however the lure of double digit yields and low asset prices, suggest liquidity is their biggest concern. See the Bloomberg article here. (Ignore the heading) |
Re: Nigerian Stock Exchange Market Pick Alerts by PharmAlfred: 11:42pm On May 09, 2017 |
PharmAlfred: In view of the above, which sectors are likely going to receive the highest inflow? |
Re: Nigerian Stock Exchange Market Pick Alerts by kentoto: 12:58am On May 10, 2017 |
PharmAlfred: we've been here before, this is not what the investors want, they want full, free, single market devaluation, not all this remix whey CBN dey do. lets be careful and position wisely. k 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by yom2(m): 1:01am On May 10, 2017 |
locodemy:no mind them it is typical of nigerian companies |
Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 2:07am On May 10, 2017 |
http://www.businessdayonline.com/first-bank-stock-buy-adeduntan/ “First Bank is the stock to buy” – Adeduntan Adesola Adeduntan, chief executive officer (CEO), First Bank of Nigeria Limited spoke to BusinessDay Editor Anthony Osae-Brown and Iheanyi Nwachukwu in this exclusive interview. Excerpts We have looked at your latest result. What are the major issues here and how well is the bank dealing with them? One particular public document I will always like… |
Re: Nigerian Stock Exchange Market Pick Alerts by Zhirinovsky: 6:59am On May 10, 2017 |
Chief, what do you think is behind this current Oando rally? Mpeace: |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 7:01am On May 10, 2017 |
robobo:...Absolutely correct!!! ![]() ![]() ![]() ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 8:14am On May 10, 2017 |
lancee:De article no complete naa. Do de needful |
Re: Nigerian Stock Exchange Market Pick Alerts by robobo: 8:40am On May 10, 2017 |
BullBearMkt: In that case one shld expect a step or two back (to gather more energy) b4 dat height cld b surmounted (cos its quite tall) or what do u think? |
Re: Nigerian Stock Exchange Market Pick Alerts by robobo: 8:46am On May 10, 2017 |
robobo: please anybody that could help with source to get daily volume on NAFEX txns? |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 8:55am On May 10, 2017 |
robobo:...let's wait and see how far the rally goes ![]() ![]() ![]() ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by robobo: 9:17am On May 10, 2017 |
robobo:. https://www.bloomberg.com/news/articles/2017-05-09/sign-of-stress-black-market-is-cheaper-than-official-naira-rate “Dollar liquidity is still very tight,” said Ayodele Salami, who manages about $450 million of African stocks as Duet’s chief investment officer. “The central bank has not provided that much foreign exchange in the window. People won’t come in to Nigeria until they know they can get out. It’s a chicken-and-egg situation. The market’s not yet that functional.” He managed to sell less than $1 million of naira last week at 396 per dollar, which compares with the black-market rate of 390 and the main interbank one of 314.74. Frontaura, a hedge fund with $120 million of assets, was able to buy a few hundred thousand dollars last week at rates of between 414 and 399 as it sought to repatriate dividends. Cape Town-based Allan Gray, the largest manager of non-government investment funds in Africa, got a rate of around 405 for dollars it sold to buy Nigerian T-bills yielding as much as 22 percent. “We’ve been pleasantly surprised at the levels we’ve managed to get,” said Nick Ndiritu, a money manager who helps oversee the $277 million Allan Gray Africa ex-SA Bond Fund. The introduction of the window has tempted Aberdeen Asset Management Plc, which manages $11 billion of emerging-market assets from London, to buy naira bonds for the first time in about two years. It sold all its local-currency debt in 2015 when Nigeria tried to prevent the naira from weakening amid the crash in the price of oil, its main export. “We’re talking to banks to re-initiate a small position in the local market,” Kevin Daly, a money manager at Aberdeen, said May 5. “I’m confident we could get an exchange rate around 400. It seems there is some semblance of a two-way market returning, albeit a small one.” BlackRock Inc. switched to using NAFEX on April 28 for valuing naira stocks in its iShares exchange-traded fund that tracks the MSCI Frontier Markets Index, while Allan Gray did the same for its $254 million Africa ex-SA Equity Fund, signaling that investors increasingly view the main interbank rate as irrelevant. |
Re: Nigerian Stock Exchange Market Pick Alerts by ihedioramma: 9:20am On May 10, 2017 |
The Nigerian Stock Exchange (NSE) has fined 28 quoted companies N93.300 million for failure to file their audited financial statements after the regulatory due date. Checks by New Telegraph showed that some of the companies were sanctioned for their inability to meet the regulatory requirements ranging between full year ended December 31, 2014 and full year ended December 31, 2016.  The companies include Great Nigeria Insurance Plc, Daar Communication Plc, DN Tyre & Rubber Plc, Ecobank Transnational Incorporated Plc, Equity Assurance Plc, Flour Mills Plc, Tripple Gee Plc, African Alliance Insurance Plc, DN Meyers Plc, Standard Alliance Insurance Plc, Cornerstone Insurance Plc, Fortis Microfinance Bank Plc, Sovereign Trust Assurance Plc, Flour Mills and Unity Bank, among others.  Further checks showed that Great Nigeria Insurance Plc, Daar Communication Plc, DN Tyre & Rubber Plc, African Alliance Insurance Plc and Guinea Insurance Plc got about N58.500 million of the fines, which accounts for 63 per cent . |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 9:30am On May 10, 2017 |
ihedioramma: All of them in the list are stucks not stocks. |
Re: Nigerian Stock Exchange Market Pick Alerts by ihedioramma: 10:07am On May 10, 2017 |
The sustained rally saw the market’s year-to-date (YTD) returns stand at -0.44 per cent as against -1.70 per cent recorded the previous day as the market extended gaining streak for seven days following renewed investors’ confidence.  Consequently, the All-Share Index rose by 337.88 basis points or 1.28 per cent to close at 26,756.21 index points as against 26,418.33 recorded the previous day while market capitalisation of equities appreciated by N117 billion or 1.28 per cent to close higher at N9.249 trillion from N9.132 trillion. Meanwhile, a turnover of 539.2 million shares in 4,519 deals were recorded in the day’s trading. Other financial institutions sub-sector of the financial services sector were the most active (measured by turnover volume) with 252.3 million shares exchanged by investors in 461 deals. Volume in the sub-sector was largely driven by activities in the shares of FCMB Plc and United Capital Plc. |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 10:16am On May 10, 2017 |
Pre market Fcmb - breaking N1.00 Transcorp - further breakout Fidelity - to open higher |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 10:17am On May 10, 2017 |
fxuser: Banking sector breakout continues Oando - maintains full bid - opens higher , crosses N9 |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 10:21am On May 10, 2017 |
UBA - over 80m traded already (awon men in black) |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 10:21am On May 10, 2017 |
@deruggedProf o toh jo meta |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 10:24am On May 10, 2017 |
Fidelity - opens higher at 95k above 91kobo closing yesterday FBN , transcorp , Fidson, Nacho, Daimond - all opening higher 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 10:27am On May 10, 2017 |
fxuser: you forget to mention fcmb ![]() ![]() ![]() |
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