The market was bullish in 2017, will be bullish in 2018 but be prepared for a correction in the 4th quarter of 2018.

2019 will be bullish, but the 1st quarter of the year will be bearish.

emmanuelewumi:
The market was bullish in 2017, will be bullish in 2018 but be prepared for a correction in the 4th quarter of 2018.

2019 will be bullish, but the 1st quarter of the year will be bearish.

All things being equal, I expect 2017, 2018 and 2019 to be bullish.

emmanuelewumi:
To succeed in the capital market. One needs to,

1. Have a knowledge of the economy, business, finance and investment.

2. Have a steady source of income from a job, business or investments. Multiple streams of income.

3. Know how to value a stock and buy below its intrinsic value.

4. Be patient, provided you have done your due diligence and you are knowledgeable on what you have invested in.

Nigeria has only ONE economy - OIL.

Once the oil price crashed the economy crashes along with it. So just focus on the crude oil price!

To the gurus who are making money from stocks that do not have fundamentals nor audited accounts in the last 1 year, kindly do the needful before it is too late.
The 1k will take effect in about a week time.

Oscar Onyema, the Chief Executive Officer, Nigerian Stock Exchange on Tuesday, attributed the present equity rally to the enhanced performance posted in 2017.

Onyema said this during the presentation of 2017 Market Recap and Outlook for 2018 at the exchange in Lagos.

He said that the more than 12 per cent growth posted by the market so far in 2018 was due to the fact that the nation’s market was the third best performing market in the world in 2017.

Onyema said that the news and achievement brought made more investors to embrace the nation’s bourse.

The News Agency of Nigeria reports that the NSE is the most performing market in the world at the moment with more than 12 per cent growth year-on-year.

He said that low prices of stocks when compared to fundamentals attributed to the price rally in the market.

He said: “People realised that the market is still very cheap when compared to companies fundamental.’’

Onyema said that the foreign exchange exporter window introduced by the Central Bank of Nigeria in 2017 contributed to the market growth.

According to him, the window has boosted the confidence of foreign investors after months of testing with many of them now comfortable to bring in bigger funds.

Onyema said that a lot of investors were still optimistic that fiscal policy would come in very soon to drive the market for the second round of growth.

Speaking on the prognosis for 2018, Onyema said that the outlook for the Nigerian capital market was encouraging.

He said that political activities ahead of 2019 elections and currency movements would affect the market growth to some an extent.

Onyeama said: “Indeed, to some extent, political activities and currency movements will have some effect on the market, but we expect that such impacts will be short lived and the performance of the underlying business activities will ultimately determine market performance.’’

On market performance in 2017, Onyema said that NSE recovered from the macroeconomic overhang of the commodity down cycle to become the third best performing market in 2017 globally, with a 42 per cent return in the NSE All-Share Index.

Onyema said that the market capitalisation rose by 47 per cent in 2017 to N13.62 trillion against N9.26 trillion posted in 2016.

He attributed the performance in part to the apex bank’s monetary policies that resulted in increased liquidity in the foreign exchange market.

According to Onyema, the equity market activity skyrocketed from 2016 levels, as market turnover increased by 121 per cent to N1.27 trillion from N0.58 trillion.

He said: “IPO activity in the year remained mute, however, there were several other positive indicators including the revival of supplementary listings and the return of new issuances.’’

Onyema said that the value of supplementary listings increased by 27 per cent, bringing the total value of equity issues in 2017 to N408 billion.

He said that the exchange fixed income market recorded mixed performance.

He said: “New bond issuances increased over the previous year, while bond yields gradually moderated from 2016 levels amidst easing inflation and greater foreign exchange stability.

“Yields across various tenors declined between 0.4 per cent and 1.5 per cent, and market turnover declined by 24 per cent in 2017, as investors sought higher returns in alternative product classes.

“Supplementary issuances by the Federal Government saw bond market capitalisation increase by 34 per cent year-on-year.”

He said that the Exchange Traded Fund market witnessed increased activity across key metrics in 2017, recording a 272 per cent year-on-year growth in trade volume.

Onyema added that it posted 33 per cent growth in turnover and a 40 per cent year-on-year increase in market capitalisation to close the year at N6.69 billion.

bigjay01:


The hour is getting nearer! 2007/2008 easily comes to mind

tell me what you gained after posting this ? If you regret selling quick, you can still join or wait for a reversal which my dear, is not anytime soon..

emmanuelewumi:
The market was bullish in 2017, will be bullish in 2018 but be prepared for a correction in the 4th quarter of 2018.

2019 will be bullish, but the 1st quarter of the year will be bearish.

They don't know.. they should be waiting for 2008

emmanuelewumi:
To the gurus who are making money from stocks that do not have fundamentals nor audited accounts in the last 1 year, kindly do the needful before it is too late.
The 1k will take effect in about a week time.

Market will be on standby mode next week and the bull continues or slows after next week.

JUST MY OPINION.
MARKET HAS ITS OWN DECISION.

wanaj0:


Nigeria has only ONE economy - OIL.

Once the oil price crashed the economy crashes along with it. So just focus on the crude oil price!

the only thing that'll slow this bull is the election.. leave the oil.. it's heading to $ 100 and above

I don't think oil price can reach 100$ this year cos they are some deals on the way between Russia and Saudi, in June, which if they did not agree the oil price will crash.

Investnow2017:


@Veecovee; what if the BULLS get drunk on this your beer, will you still buy shares from NSE. Because i know say na Maltina BEAR dey drink

if u like to make more money do not drink and face a drunk bull

ZikkyChops:
I don't think oil price can reach 100$ this year cos they are some deals on the way between Russia and Saudi, in June, which if they did not agree the oil price will crash.

My dear, So long as there's no civil war in any oil rich Africa country, crude oil price will keep going up.. deal or no deal the price will keep going up...do you ever wondered why the price fell sharply from $112 in 2014 ? 2014 which happens to be the year the civil war started in Libya ? Cause they stole alot ! Who go buy oil when him get plenty ? Now Their reserves are empty !. so they'll buy or try to start another war.

^^


God forbid, war in oil country cause increase in oil price

Yayira:
My dear, So long as there's no civil war in any oil rich Africa country, crude oil price will keep going up.. deal or no deal the price will keep going up...do you ever wondered why the price fell sharply from $112 in 2014 ? 2014 which happens to be the year the civil war started in Libya ? Cause they stole alot ! Who go buy oil when him get plenty ? Now Their reserves are empty !. so they'll buy or try to start another war.

Somewhere around March, if the current production cut agreement is not renew the price of oil will slow down.

currentprice:
^^


God forbid, war in oil country cause increase in oil price

false

sellydion:


Somewhere around March, if the current production cut agreement is not renew the price of oil will slow down.

let wait and see

Yayira:
My dear, So long as there's no civil war in any oil rich Africa country, crude oil price will keep going up.. deal or no deal the price will keep going up...do you ever wondered why the price fell sharply from $112 in 2014 ? 2014 which happens to be the year the civil war started in Libya ? Cause they stole alot ! Who go buy oil when him get plenty ? Now Their reserves are empty !. so they'll buy or try to start another war.

No be the reason ooo.

There were many sellers than buyers ooo. Traditional buyers later became sellers. That crashed the price.

Aiiy

Make una no scatter our brain here o. Which one be truith and false?

currentprice:
^^


God forbid, war in oil country cause increase in oil price

War reduces supply, hence price increase.

Shale oil production by traditional buyers made these buyers to become sellers. Then came the war of pumping more to kill high cost producers. Saudi and Russia were pumping and selling volume to get more revenue. Low prices knocked out lots of countries. Venezuela was in crisis. Nigeria was on the brink. Many other producers were in trouble.

The cartel had to meet with other non -cartel to save the day. The meeting is always a decider on the direction of price.

So Madam Yayira, it isn't about the Libyan war. It goes beyond that!

RabbiDoracle:


No be the reason ooo.

There were many sellers than buyers ooo. Traditional buyers later became sellers. That crashed the price.

Who were the buyers ? And why were they not buying ? Even Italy got 35% of the oil pumped out of Libya. FACT !.

Ok now let me go and cook for my husband. Bye

Yayira:
false

War will reduce supply madam!!!

Yayira:
My dear, So long as there's no civil war in any oil rich Africa country, crude oil price will keep going up.. deal or no deal the price will keep going up...do you ever wondered why the price fell sharply from $112 in 2014 ? 2014 which happens to be the year the civil war started in Libya ? Cause they stole alot ! Who go buy oil when him get plenty ? Now Their reserves are empty !. so they'll buy or try to start another war.

...oil price fell from 2014 high due to high production caused by shale oil in the US not because of Libya war. War normally triggers its increase in price and cut in production

Yayira:
Who were the buyers ? And why were they not buying ? Even Italy got 35% of the oil pumped out of Libya. FACT !.

Ok now let me go and cook for my husband. Bye

Americans were not buying. Lots of countries started pumping shale oil. This was an upset.

As prices fell so low, China and India were stockpiling.

Yayira:
the only thing that'll slow this bull is the election.. leave the oil.. it's heading to $ 100 and above

Maybe in Ghana. Election hardly affect the market. Oil prices does! In 2007, we had an election. We knew what happened in the market.

BullBearMkt:

...oil price fell from 2014 high due to high production caused by shale oil in the US not because of Libya war. War normally triggers its increase in price and cut in production

Gbam!!!

Yayira:
My dear, So long as there's no civil war in any oil rich Africa country, crude oil price will keep going up.. deal or no deal the price will keep going up...do you ever wondered why the price fell sharply from $112 in 2014 ? 2014 which happens to be the year the civil war started in Libya ? Cause they stole alot ! Who go buy oil when him get plenty ? Now Their reserves are empty !. so they'll buy or try to start another war.

Which African country is Oil Rich?

I hope Ghana will not make the mistake Nigeria made.

Yayira:
My dear, So long as there's no civil war in any oil rich Africa country, crude oil price will keep going up.. deal or no deal the price will keep going up...do you ever wondered why the price fell sharply from $112 in 2014 ? 2014 which happens to be the year the civil war started in Libya ? Cause they stole alot ! Who go buy oil when him get plenty ? Now Their reserves are empty !. so they'll buy or try to start another war.

What do you know about crude oil pricing? Are you are you familiar with the technical dynamics and international politics of crude oil pricing? Do you consider the highest crude oil price during the last boom? Is your country an oil producing one?
I think we should just monitor the price, for the purpose of our stock business here. I think it sounds funny, if someone somewhere just yearn and say oil price will get to $100!

RabbiDoracle:


No be the reason ooo.

There were many sellers than buyers ooo. Traditional buyers later became sellers. That crashed the price.

Gbam !!
But wait a minute, This one that our dear yariya has been swiftly contributing this morning, it looks like she has finally sacked all those FBN securities staff and positioned herself very well, when she came in abode the 'Agba entourage'.
Chaii nobody won carry last oo. ...there is no time at all.

Market never even start. I don begin sight full bids.....fcmb,diamond,Transcorp etc.

Yayira:
My dear, So long as there's no civil war in any oil rich Africa country, crude oil price will keep going up.. deal or no deal the price will keep going up...do you ever wondered why the price fell sharply from $112 in 2014 ? 2014 which happens to be the year the civil war started in Libya ? Cause they stole alot ! Who go buy oil when him get plenty ? Now Their reserves are empty !. so they'll buy or try to start another war.

What caused the price crash was proliferation of US shale as well as the lifting of the ban on iranian oil export

These two events caused an oversupply