fxuser:


Update
- sp above prev closing price , last wk pin bar is hard to ignore

Update
- another weekly hammer forming ! !
- desperate to bottom

Access
- weekly inverted hammer (sig reversal possibilities like d hammer)

big Caps (ex dang
- weekly patterns suggest further bearish slow down, weekly RSi are rejecting oversold levels wt possibilities of various shades of bounces

Mpeace:
Zenith at 21 again.

Somebody is seriously increasing their stake in Zenith bank...I doubt we can see this months low again.

stcool:


Somebody is seriously increasing their stake in Zenith bank...I doubt we can see this months low again.

that is your own view!

What is it with the central bank briefing of certain stakeholders including NDIC etal?

Any hidden info, cause all the banking stocks seem to have a lot of steam. Does MPC meeting next week have something to do with the increased activity?

aremso:



that is your own view!

stcool:


Somebody is seriously increasing their stake in Zenith bank...I doubt we can see this months low again.

Hmm.. something you will see before the end of October sef.

I haven't been in this market that long, but I've been here long enough to observe that the people who hold Zenith easily sell off, unlike some stubborn shareholders (JBerger). By the time the price gets to 22-23 you won't believe the number of offers you'll see that will drag it down to 19-18 again.

stcool:


Somebody is seriously increasing their stake in Zenith bank...I doubt we can see this months low again.

- umm

stcool:


Somebody is seriously increasing their stake in Zenith bank...I doubt we can see this months low again.

Na normal feature of Zenith...
Na so u go dey see big volume...
U need to go to MFM prayer house for price to move up.

FCMB
- pumping on low vol (AirsServ behaviour)

Willie2015:


Na normal feature of Zenith...
Na so u go dey see big volume...
U need to go to MFM prayer house for price to move up.

Over 82 Million units...na MFM go bring offering come Zenith.

stcool:


Over 82 Million units...na MFM go bring offering come Zenith.

One hell of a volume.. packing runners.. people who don’t mind crashing price on their way out.
My fear is some NSEMPA Usain Bolt are already in this stock..lol increase in price go hard with those men on board

Chomzy19:
Hmm.. something you will see before the end of October sef.

I haven't been in this market that long, but I've been here long enough to observe that the people who hold Zenith easily sell off, unlike some stubborn shareholders (JBerger). By the time the price gets to 22-23 you won't believe the number of offers you'll see that will drag it down to 19-18 again.

Fact..

Yayira:


One hell of a volume.. packing runners.. people who don’t mind crashing price on their way out.
My fear is some NSEMPA Usain Bolt are already in this stock..lol increase in price go hard with those men on board

Very true, with all this volume this week any small increase in price will meet enough supply.

Willie2015:


Na normal feature of Zenith...
Na so u go dey see big volume...
U need to go to MFM prayer house for price to move up.

Hahahahaha
I no sure say prayer go even work where zenith dey.. na since March I dey inside this bus, I don pray I don tire na look I dey look now.

O! Gentle, G, pls come and narrate more on this chapter (wema) of your book of revelation.

There's something about its heavy volume today. Could it be for good or ..., do we focus there from
nextweek, what's really on ground there, any foreign money bag around their corner, what really cooking pls?

Cheer!

https://www.moneyweb.co.za/moneyweb-opinion/the-future-is-in-africa-and-china-already-knows-it/


Noah Smith, Bloomberg Opinion / 21 September 2018 08:50 5 comments
During the past decade, China has been investing a lot of money in sub-Saharan Africa:

Some Western observers worry that this represents a new form of colonialism. Given the continent’s history with European conquerors and rich countries trying to cheaply exploit its natural resources, that suspicion is understandable. But although China can sometimes be predatory — for example, when uneconomical projects saddle African companies or governments with unpayable debt — the new African investment bears little resemblance to the colonialism of old.

Colonialism, and the pseudo-colonial exploitation that sometimes followed independence, was mostly about extracting natural resources (and sometimes slave labour). Although securing access to natural resources is surely one of China’s goals, its investments in Africa go beyond extractive industries. The sectors receiving the most Chinese money have been business services, wholesale and retail, import and export, construction, transportation, storage and postal services, with mineral products coming in fifth. In Ethiopia, China is pouring money into garment manufacturing — the traditional first step on the road to industrialisation.

Receiving foreign investment isn’t the only way that a country can industrialise. But as China itself has shown in dramatic fashion during the past few decades, attracting foreign capital can be a key part of an effective growth strategy. When a company from China — or the US, Japan, France or elsewhere — employs Africans to make clothes, program software or build houses, African workers immediately share the benefits. This also provides income to local African entrepreneurs, who create new businesses to sell things to the foreign companies and their employees.

And if countries are smart about appropriating foreign technology, it can lead to long-term productivity increases as well. As Africans learn techniques, ideas and tricks from foreign companies (and invent new ones themselves), they will gain the leverage to capture an ever-bigger slice of the value that foreign investments create — and as their productivity improves, that value will grow in size. Meanwhile, African governments will control access to an increasingly large share of the world’s young customers, and will be able to use this leverage to extract ever-greater concessions — money, technology and favourable contract terms — from multinational corporations.

Instead of standing on the sidelines and wringing their hands over China’s investments, Westerners and people in other rich countries should be looking to copy or surpass China’s efforts to tap the final frontier of emerging markets.

The biggest reason Africa will be important is population. Look up any map of total fertility rates, and you can easily see that with a few scattered exceptions, sub-Saharan Africa is the only place where people still have large families. Though family sizes will decrease as the continent becomes richer — this is already occurring — Africa is still expected to experience much more population growth than anywhere else:

By the end of this century a third of the world’s population, and a greater fraction of its young people, will be African. The future of Africa is synonymous with the future of the human race.

As the continent becomes more populous, those companies with an established presence in Africa will be better positioned to sell into burgeoning African markets. They will have the local market knowledge, connections and distribution channels to beat out rivals who failed to invest early.

Several other trends make investment in Africa a more tempting prospect. Literacy rates have increased rapidly. Malaria deaths have fallen by almost half since the turn of the century, and hunger and child mortality have both plunged. A healthier and more-educated populace is much better equipped to read instructions, absorb information and show up for work consistently. Meanwhile, increased literacy and internet access is uncovering vast pools of previously hidden African talent.

Governance is also improving. The big wars of the 1990s and 2000s are mostly over. Democracy is proliferating, as coups and strongman autocrats become rarer. Measures of governance have improved. More stable government means a more stable environment for businesses looking to invest.

There is no shortage of potential investment destinations. The continent has 54 countries, sporting a dizzying array of institutions, languages and comparative advantages. Six countries in particular — Mozambique, South Africa, Nigeria, Ghana, Zambia, Ethiopia and Kenya — have emerged as early leaders:

My Bloomberg Opinion colleague Tyler Cowen is especially enamored of Ethiopia, whose sense of historical pride he believes will drive it to seek rapid growth. The Chinese seem to concur.

The second question is what to invest in. Africa still isn’t competitive with China in terms of manufacturing costs, but as Chinese wages continue to rise, the gap is narrowing. But an even more important sector could be services. A recent Brookings Institution report shows that in many parts of Africa, growth is now concentrated in tradable services related to agriculture, information technology and tourism. Kenya, Rwanda, Senegal and South Africa have emerged as IT service leaders. As manufacturing becomes more automated around the world, expect the service sector to grow in importance.

A third possibility is housing and infrastructure. Those billions of young, wealthier Africans will need places to live, roads to travel on, solar energy to power the air conditioners that protect them from global warming, water infrastructure, and so on.

So Westerners shouldn’t worry that investing in Africa means repeating their ancestors’ colonial sins. In the modern global economy, funding productive industries is more important than grabbing resources —a win-win relationship instead of exploitation. China understands this, and appreciates Africa’s huge, untapped productive potential. The West should, too.

© 2018 Bloomberg L.P

Yayira:


One hell of a volume.. packing runners.. people who don’t mind crashing price on their way out.
My fear is some NSEMPA Usain Bolt are already in this stock..lol increase in price go hard with those men on board

Could circular trading be taking place?

Wondering the bulls on skye bank stocks in the past days, well some people were already in the know. CBN Takes over Skye Bank


The Central Bank of Nigeria (CBN) this evening announced the takeover of Skye Bank, and the setting up of a new Bridge Bank called Polaris to manage the bank’s assets. A N786 billion facility is to be injected into the bank by AMCON, according the CBN. Details later…


https://www.businessdayonline.com/exclusives/article/cbn-takes-skye-bank-new-bridge-bank-polaris-manage-assets/

tritritri:
https://www.nairaland.com/4746858/breaking-news-cbn-withdraws-skye

Ghen ghen

Arhhhhhhhhhhh. Gbese re ooooooo

lagbaja:
Wondering the bulls on skye bank stocks in the past days, well some people were already in the know. CBN Takes over Skye Bank


The Central Bank of Nigeria (CBN) this evening announced the takeover of Skye Bank, and the setting up of a new Bridge Bank called Polaris to manage the bank’s assets. A N786 billion facility is to be injected into the bank by AMCON, according the CBN. Details later…


https://www.businessdayonline.com/exclusives/article/cbn-takes-skye-bank-new-bridge-bank-polaris-manage-assets/

I have my company account here. hope am not in trouble...just spoke with the acct offr who still not aware of the news.

Well, shsreholders of Skyebank will be left with nothing! Hmmmm.

tritritri:
I have my company account here. hope am not in trouble...just spoke with the acct offr who still not aware of the news.

it is not your company shares, you are very safe..

lagbaja:
Wondering the bulls on skye bank stocks in the past days, well some people were already in the know. CBN Takes over Skye Bank


The Central Bank of Nigeria (CBN) this evening announced the takeover of Skye Bank, and the setting up of a new Bridge Bank called Polaris to manage the bank’s assets. A N786 billion facility is to be injected into the bank by AMCON, according the CBN. Details later…


https://www.businessdayonline.com/exclusives/article/cbn-takes-skye-bank-new-bridge-bank-polaris-manage-assets/

That is why you have to be always careful in following the herd!
NSE is mostly traded from inside...

Cryptocurrency. Hero to zero

men, the kind bear we go see next 2 months no go get part 2

pls o who know the people that wrecked skye bank o

wanaj0:
Well, shsreholders of Skyebank will be left with nothing! Hmmmm.

Too bad!
One trading rule everyone MUST imbibe is to avoid completely any stock that keeps its quarterly and annual results!
No matter how tempted, walk away.
On NSE, a one night stand almost always end up producing a baby mama.
If you expect a baby, why take a woman without a womb to bed?
I was severally burnt almost beyond recognition doing that.
Fidelity was not a bad buy below N1.59, but I consistently avoided JIJO after I felt their Q2 was delayed unduly and will stay away until they release that result.
I prefer to JIJO on a VERY bad result than NO RESULT.
When you keep your result, I keep my cash.