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Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11413273 Views)
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Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 2:53am On May 25, 2018 |
https://www.nairaland.com/4522781/president-buhari-receive-2018-budget This one should help. |
Re: Nigerian Stock Exchange Market Pick Alerts by 2zona(m): 3:49am On May 25, 2018 |
holm:Nigerian economy slips back to grand Recession. |
Re: Nigerian Stock Exchange Market Pick Alerts by holm: 4:20am On May 25, 2018 |
locodemy: ![]() ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 4:31am On May 25, 2018 |
gamaliel9:Election draw nearer = bear Election finishes peacefully = bull |
Re: Nigerian Stock Exchange Market Pick Alerts by Infinitisi(m): 6:58am On May 25, 2018 |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 8:02am On May 25, 2018 |
Just to make common sense. Oil price recovery from 27 dollars, to 45 dollars, to 65 dollars, now at 78 dollars per a barrel, it is a good news to the Nigeria economy. But good and bad news to foreign investors. Good news, as they have pump the stock price to above 100% with announcement of Nigeria coming out from recession, they will sell now and convert the money to dollars, to invest elsewhere, or to come back later. Bad news; If they fail to sell now, they will be at losing side, because very soon, with rising of crude oil price, more dollars will troop inside the country from sales of crude, the price of dollars both in primary and secondly market will reduce drastically. Dollar will not be scarce again. Naira will be strengthen. For instance, if dollar to naira is 1 dollar to 380 naira, if the price reduces to 1 dollar to 190 naira, that means the value of dollar for that foreign investors who wishes to sell his stake in Nigeria equity market to convert it to dollars has reduces by half. One should not be surprise these days to see more offer building up, even when one assumed that price has bottomed out. Foreign investors are cashing out, they are smart, but we need to also follow them with smartness by preserving our cash, because very soon, the price of naira will appreciate greatly. Economy will be stabilize again and then they will come in again. Stock market this days is just like game, it make one paper billionaire today, tomorrow it will still step him/ her back to millionaire, if not more lower than before. Dividend and bonus use to be onions for ones investment, but today mode of trading has turn stock market more of gambling field. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by wanaj0: 8:11am On May 25, 2018 |
Chibuking81: Not really. All that money is going into petroleum subsidy. NNPC is now telling us that consumption has increased to close to 60m litres. Also expect bunkering to be on the increase. Stability in crude oil price and exchange rate is what is GOOD for the economy. |
Re: Nigerian Stock Exchange Market Pick Alerts by safepaulooo(m): 8:45am On May 25, 2018 |
AVOID HERD MENTALITY. HAVE THE COURAGE TO THINK DIFFERENTLY. The present widespread sell-off mentality will be counterproductive. This is what the GAME-MASTERS want you to do. At a time you think not, BULL will hit this market. Late arrival is part of the GAME. Economic fundamentals indicate this is the time to be in the market not out. 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by veecovee: 8:48am On May 25, 2018 |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 9:13am On May 25, 2018 |
Chibuking81:I don't agree with the parts in bold. If the naira strengthens against the dollar, ie if the dollars weakens, it would be of greater advantage to the foriegn investor as it means more dollars profit and value for their investments in the country. Example: if they have a unit of seplat at 720, that is $2 when converted at an exchange rate of 360 to a dollar. Assuming the dollar weakens against the naira and 1dollar becomes 180naira, it then means that they have made more money by investing in the naira since that seplat at 720 which was $2 now becomes $4 at the new exchange rate. |
Re: Nigerian Stock Exchange Market Pick Alerts by gamaliel9: 9:18am On May 25, 2018 |
Chibuking81: Thank you Sir....i will do the needful when market opens |
Re: Nigerian Stock Exchange Market Pick Alerts by mendes911: 9:31am On May 25, 2018 |
Chibuking81: Your inference is wrong sir. If exchange rate drops from 360 to 190, they have made a killing (on commodities already within the country) without putting in any effort. Remember what happened last, investors were selling stocks and leaving the country when exchange rate was pegged at N155 only to return back when it could at N400! |
Re: Nigerian Stock Exchange Market Pick Alerts by mendes911: 9:32am On May 25, 2018 |
Mpeace: Exactly. |
Re: Nigerian Stock Exchange Market Pick Alerts by aremso(m): 9:47am On May 25, 2018 |
mendes911: Very correct |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 9:48am On May 25, 2018 |
Chibuking81: Chibubear returning gradually 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by yok: 9:57am On May 25, 2018 |
MSCI MOVEMENT IN PORTFLIO FOR 24 MAY 2018/GENERAL MARKET COMMENT The lack of volume in the recent market have shown the strength of the “big money”. If for a fund like MSCI failing to add more to its portfolio, the market has fallen to this level, I wonder what will happen if the fund decide to continue with the Nigeria fund? It is good that we are not expecting a crash in the market, what is still happening is a correction. Therefore, this give us the opportunity to prepare for worst scenarios in the future. Today still likely to be a down day, there is lack of volume in the market (money flowing into market is still declining). The buyers are still on the drawing board as regard how to handle this market!!! Using the fund’s portfolio as a guide, “green” mean buying while “red” is selling. Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.
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Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 10:00am On May 25, 2018 |
Mpeace: The budget won't help,. It is an election year Budget . 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 10:02am On May 25, 2018 |
Agbalowomeri: ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 10:13am On May 25, 2018 |
Mpeace: You may no see or understand what am seeing and saying for now but later you will. But fact still remain that foreign investors are taking their gain. Converting 100 billion in dollar now, at current primary and secondly market will be more valuable when converting back to naira later to buy again when naira strengthen, and it will buy more units of share later when naira strengthen to #190 per a dollar. ( I.e 100 x 360 = 36000) ( 100 x 190 = 19000) https:///dollar-to-naira-exchange-rate-today-black-market/ still leave the money in naira Zenith at 25, how many units will each buy? Or are you one of the agent of foreign investors ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by shigidi(m): 10:15am On May 25, 2018 |
Chibuking81: Sorry Chibu that's not correct. A stronger Naira pays the foreign investors as they can buy more $$. Don't expect a stronger Naira though |
Re: Nigerian Stock Exchange Market Pick Alerts by Jejebabaa: 10:16am On May 25, 2018 |
RabbiDoracle: Already on 10% haircut, sorry gorimokpa. It's well ooo, my wife just dey pity me as d thing they go down low. |
Re: Nigerian Stock Exchange Market Pick Alerts by mendes911: 10:19am On May 25, 2018 |
Fidelity.... Ohh Fidelity. See as FCMB is racing after Fidelity as well. This kind of love toorr. What God has joined together, let no MM put asunder!. |
Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 10:21am On May 25, 2018 |
chai! DF open at 9.10 bear bear have mercy now ![]() 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by mendes911: 10:21am On May 25, 2018 |
This bear should slow down abeg. At this rate, my entry prices might be met by next week and it will be too early to go in. The year is still young. |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 10:24am On May 25, 2018 |
mendes911:We are saying the same thing. At #155 , economy was stabilize then, they reduce and look elsewhere, but at # 400, when exchanging dollar to naira the will buy more, remember that it was moving from #400, to #450, to #500 up to #600. They were still trooping in, but now the reverse is the case, from 600 to, 450, to 400, to #300+ and will still get to #200 +, with possibility of seen 100+, if crude oil continue improving. If they did not take their gain with current dollar exchange to come back later, when will they take it. To Nigerians, it a good thing, but to them bad. |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 10:25am On May 25, 2018 |
shigidi:Sorry is not true, think again. |
Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 10:26am On May 25, 2018 |
mendes911: you will shift post naw though i also wish the bear to slow down for the shake of my pple still in the mkt. not funny any more cc oga Tolu (fidelity bank) ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by mendes911: 10:26am On May 25, 2018 |
Chibuking81: A man will always see what he wishes to see. No need telling you otherwise. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 10:26am On May 25, 2018 |
safepaulooo:Correct! Think I agree with this. ![]() Fear is man's worst enemy ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 10:28am On May 25, 2018 |
fidelity open @ 2 chai! ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by mendes911: 10:29am On May 25, 2018 |
currentprice: Is this continues into next week, that will be the real koboko. I don't wish for this to happen for the sake of forum members that are still in but I pray for it to happen for the sake of my portfolio. ![]() ![]() ![]() 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 10:33am On May 25, 2018 |
mendes911: you don enter? |
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