locodemy:


So you bought fcmb at 0.98kobo.Hmn you get liver o.something the technicals dey show sign of 0.85kobo.Bros you don do big mistake for this one.

Why you say so loco?

Tritri:



Why you say so loco?

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.

locodemy:


Did you notice the big volume today?
it is a sign of dumping.
The bus good for long termers like me.
supplies st below #1.00 tomorrow will be appreciated.

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?

Tritri:



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?

because i am a long termer.I don tell u now.Supply tomorrow and thank me when you buy @ 0,85kobo.

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.

Mpeace:
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.

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.

safepaulooo:


When it gets to Km 10, then we go understand the FACT.

my broda how market with FBNH,u don understand now

Princkez:
my broda how market with FBNH,u don understand now

Waiting for KM 10 before I go understand

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.

locodemy:


So you bought fcmb at 0.98kobo.Hmn you get liver o.something the technicals dey show sign of 0.85kobo.Bros you don do big mistake for this one.

Which technicals showed signs of 85 kobo?

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)

PharmAlfred:
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)

In view of the above, which sectors are likely going to receive the highest inflow?

PharmAlfred:
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)

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

locodemy:


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.

no mind them it is typical of nigerian companies

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…

Chief, what do you think is behind this current Oando rally?

Mpeace:
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.

robobo:



correct me if am wrong pls d next resistance after the arrow shld be 27600

...Absolutely correct!!!

lancee:
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…

De article no complete naa. Do de needful

BullBearMkt:

...Absolutely correct!!!

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?

robobo:
.

in that case mayb we need to start following the volume on d NAFEX as a tracker/ proxy for the direction on the NSE.

Where can one get the volume done daily on the NAFEX window (i think FMDQ only quote the price)

please anybody that could help with source to get daily volume on NAFEX txns?

robobo:


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?

...let's wait and see how far the rally goes

robobo:


please anybody that could help with source to get daily volume on NAFEX txns?

.



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.

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 .

ihedioramma:
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 .

All of them in the list are stucks not stocks.

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.

Pre market

Fcmb
- breaking N1.00

Transcorp
- further breakout

Fidelity
- to open higher

fxuser:
Pre market
Fcmb
- breaking N1.00
Transcorp
- further breakout
Fidelity
- to open higher

Banking sector breakout continues

Oando
- maintains full bid
- opens higher , crosses N9

UBA
- over 80m traded already

(awon men in black)

@deruggedProf

o toh jo meta

Fidelity
- opens higher at 95k above 91kobo closing yesterday

FBN , transcorp , Fidson, Nacho, Daimond
- all opening higher

fxuser:
Fidelity
- opens higher at 95k above 91kobo closing yesterday

FBN , transcorp , Fidson, Nacho, Daimond
- all opening higher

you forget to mention fcmb abi loco offend u