seguno2:


According to some shallow nairalanders, it is about packaging in order to make people comfortable enough to trust you with their money so you can scam them.

omowolewa:
Talking of corporate governance, it is easy.to make laws in Nigeria but compliance and enforcement is the issue.


In all NSE need to be more proactive in purging out bad companies, it's not enough to be listed but to also maintain the integrity of the exchange.

Realdeals:
That's Nigeria for you, yet you see the CEO's of these companies living large after scamming investors.

GavelSlam:
Too many half-educated people in this forum.

Stocks gained over 40% in value over the year.

Chew on that.

chloride6:


Even a dead cat will bounce....

Gained 40% from where?

Mallam

GavelSlam:


Investors on the Stock Market in 2017 gained 43.34 per cent of their investments given the growth in NSE All-Share Index (ASI) that has appreciated to 38,522.14 basis points in 2017 from 26,874.62 basis points it opened this year.[color=#990000]

Don't be a lazy reader.

rozayx5:



You get brain

Coin market far better

GavelSlam:


Which coin market?

Is bitcoin not down to 14,000 from 20,000 2 weeks ago?

teemy:
could be an aftermath of our jerusalem vote

chloride6:


Later you will open your mouth and call someone half educated

YTD returns of some cryptocurrencies

Bitcoin 1500%

Ethereum 10000%

GavelSlam:


Which coin market?

Is bitcoin not down to 14,000 from 20,000 2 weeks ago?

GavelSlam:


Stop lying.

Over the last 2 weeks the value of Bitcoin has plummeted from a 20, 000 dollar high to 16,000.
Please find a way to blame Buhari for this sharp drop.

Bitcoin plunged briefly below $11,000 on Friday, down 47 percent from a record high at the start of the week.

CNBC reported that while bitcoin hit a record high above $19,800 on Sunday, and was trading near $15,500 for much of Thursday, an afternoon selloff accelerated into the night. That resulted in bitcoin dropping 30.2 percent Friday morning to a low of $10,400 on Coinbase. It recovered above $14,600 by Friday afternoon, off 27 percent from the all-time high.


https://www.pymnts.com/blockchain/bitcoin/2017/bitcoin-value-drops-cryptocurrency-bubble/

Admittedly it's coming back up again, it is no where near what it 2 weeks ago.

Had I invested 20k dollars then I would only be worth 16K today.

chloride6:


Did i talk about their bi-weekly return?

I said YTD....

Incase you don't know what it means, it means Year- to - Date..

rozayx5:


from 900 this year january

now 16k

you dont even know price

the coin market is not for lily livered people like u sef

your type no fit hold one coin for 1 month, talkless of 1 year

wud rather hold and be financially free , than work my azz off for one silly coy

your 5k in GTB in january is now 4k from charges

rozayx5:


na him type been sell bitcoin at 10$

look at Ripple today

most NIgerian wud rather work their assez off for 30 years and gain nothing, than to improve their financial education and escape poverty by taking bold steps in investing

alphonsojaybaz:
INVESTORS DUMP 40% STOCKS OVER POOR CORPORATE GOVERNANCE
source : http://www.eyesoflagos.com/2017/12/investors-dump-40-stocks-over-poor.html

Amid domestic and global macro-economic challenges, investors on the Nigeria Stock Exchange (NSE) in 2017 deserted nearly 40 per cent stocks over poor corporate governance policy and poor performance on the bourse.
Eyes Of Lagos investigations revealed that, while some stocks deprecated in prices, these 40 per cent stocks were not traded, remaining at the same price for the second consecutive year.
‎It was learnt that Investors dumped stocks in the Information Processing companies, including Chams Plc, E-Tranzact International Plc, Courteville Investments Plc, Media/Entertainment, Daar Communications and Other Financial Institutions, Deap Capital Management & Trust Plc.
Since becoming moribund, investors have decided not to trade Dunlop (Nigeria) Plc and FTN Cocoa Processors Plc. Others are Evans Medical Plc, Omatek Ventures Plc, Premier Paints Plc and R. T. BRICOE (NIG.) Plc, among others.
Although NSE has over 170 stocks, investigation revealed that nearly 60 stocks remained flat between 2016 and 2017.
The banking stocks in 2017 benefited from the Central Bank of Nigeria (CBN) foreign exchange interventions and stable growth in global oil prices, while the Industrial companies also reaped earnings from federal government spending on infrastructures.
Investors on the Stock Market in 2017 gained 43.34 per cent of their investments given the growth in NSE All-Share Index (ASI) that has appreciated to 38,522.14 basis points in 2017 from 26,874.62 basis points it opened this year.
The market growth has been driven by surge trading on some blue chip companies, including Dangote Cement Plc, Nestle Nigeria Plc, Guaranty Trust Bank Plc, Zenith Bank Plc and Presco Plc.
For instance, the price of Dangote Cement appreciated by 37.9 per cent or N66.00 to close last week at N240, while Nestle Nigeria price has added 82 per cent or N665 to close at N1,475.00 per share.
Prices of the likes of Guaranty Trust Bank and Zenith Bank have gained 63 per cent or 72.9 per cent to close at N40.50 and N25.50 respectively.
A total of four, out of eight stocks on NSE ASeM Index, remained flat in 2017 as most companies struggled to grow earnings and expand businesses. The four companies whose prices remained unchanged are Afrik Pharmaceuticals Plc, Anino International Plc, Capital Oil Plc and Juli Plc.
The NSE Insurance Index might have gained 9.99 per cent this year but the growth has been driven by majorly two insurance companies out of the 20 listed insurance companies on the Exchange.
Two stocks that have been driven by the NSE Insurance Index are AxaMansard Insurance Plc and N.E.M Insurance Co. (Nig) Plc.
Over 18 Insurance stocks were dumped by investors, as their prices remained flat (N0.50) for the second consecutive year. Prices of companies like Cornerstone Insurance Plc, Equity Assurance Plc, Great Nigeria Insurance Plc, Goldlink Insurance Plc, Guinea Insurance Plc, Consolidated Hallmark Insurance Plc, Lasaco Assurance Plc, Mutual Benefit Assurance Plc, Niger Insurance Co. Plc., Prestige Assurance Plc, and Regency Alliance Insurance Company Plc remained flat.
Others are Royal Exchange Assurance Plc, Sovereign Trust Insurance Plc, Standard Trust Assurance Plc, Standard Alliance Insurance Plc, Unic Insurance Plc, Unity Kapital Assurance Plc and Universal Insurance Company Plc. They closed for the second consecutive year at N0.50 per share.
Weak earnings stocks thus witnessed profit-taking this year as investors continued to trade with caution not to lose their investment.
The Managing Director of APT Securities Limited, Mr. Garba Kurfi explained to LEADERSHIP that investors in the capital market are wiser with their investment, noting that investors are interested in performance of listed stocks.
He said, “The present growth in the capital market is driven by foreign investors that do not trade in penny stocks. Foreign investors’ trade stocks with impressive fundamentals but if a stock proves to have fundamental, they trade those stocks.
“Take for instance, C & I Leasing was trading as low as N0.50 but today, C & I has risen to N1.32. The company has delivered good turnover and good performance. Investors in the capital market are wiser now and it takes only one performance to grow a particular stock

Emeritus001:
Stock exchange market still remains one if the major intermediaries of long term funds...However more developments are needed in the Nigerian Stock Exchange Market to enhance inclusive growth in 2018, nice improvement though

ipledge10:
please change the way you reason.

teemy:

Let's be sincere with ourselves on the matter. If you watched the movie series BILLIONS, there was this episode where some investors colluded to short the naira so as to make a killing from our dwindling economy thereby the naira would lose value fast within a short period. Funny also that our president at that recession period also said the same thing of speculators bringing down the naira value. This is purely business. On why the naira did not reach N600/$ then was a work of politics play which saved us losing more.

Politics will always affect investments and as long as nigeria is at the mercy of these super powers, their investors can affect our economy as they wish and we would be left with having to name blame whoever is at the helm of the nation's affairs. I expect more of such negative effects an if I were you I would cushion my businesses from feeling the drawbacks of what is coming.

US Slashes Aid To UN By $285 Million After Their NO Vote To Jerusalem
https://www.nairaland.com/4255371/us-slashes-aid-un-285

UN Vote: No Decision To Sanction Nigeria Yet - US Says
https://www.nairaland.com/4250703/un-vote-no-decision-sanction

Wishing you well - Teemy

yeyerolling:
I always tell people shares in nigeria are scams. My stint as an auditor years back was revealing . All they know is take loans, divert it or mismanage it and let shareholders bear the brunt when d burble burst.

yeyerolling:
I always tell people shares in nigeria are scams. My stint as an auditor years back was revealing . All they know is take loans, divert it or mismanage it and let shareholders bear the brunt when d burble burst.