Mcy56:
Jideflash what is happening in STI?

We still dey observe ground. 32million+ shares traded yesterday.

STI added to the NSE Insurance Index.
https://www.vanguardngr.com/2019/01/nse-reviews-composition-of-market-indices/

Sovereign Trust Insurance Plc is targeting to surpass its over N10.1 billion insurance business it generated in 2018 financial year

Read More at: https://leadership.ng/2018/12/10/sovereign-trust-insurance-targets-increased-business-in-2019/

NIGERIA STOCK MARKET GENERAL COMMENT /MSCI POSITION (NSE STOCK MARKET WEATHER REPORT) - FOR 3 JANUARY 2019

MSCI Nigeria continued with the selling yesterday just like what happened on 31 December 2018.. With the few numbers of orders/value currently being traded, the market is telling us that there are few participants in the market for now. Many people are still on holiday. The bearish overall trend is likely to continue today looking at the fact that MSCI Nigeria sell orders are likely to be in the market, with the low level of activity in the market, the natural course for the All Share Index is down, except new money starts coming into the market.

Yesterday the market closed in the region of our expected lower range.

For Thursday 3 January 2019, expected High is 31,314.32 low at 30945.53.

On the Price Action side, the range to watch is still the 32477.99 and 30,492.79 level.

From this year, I will start talking about companies that are likely to be takeover/merger candidates. They are many companies that will fall in this category and will be a worthwhile research. Especially when they are trading at a very low point that our maximum loss is within 15% to 20% range. For this I will be posting more in our twitter handle.


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. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan).
N:B


1. Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who doubts the efficacy of following the fund is to look at my recent recommendations for the past 2 months.

2. The fund will still hold some equity, the terms of service states this. Thus no matter the condition of the market, it will not liquidate to Zero, unless the fund is exiting from the particular Country involved. This is an equity fund investing in the Nigeria market. The date displayed may not be the actual date of purchase/sale of equity (this is legal and allowable under the regulations guiding funds operations in general).

3. You cannot bear losses like the fund. The pocket of the fund is too deep. Therefore, as an individual you are not suppose to be in the market during the stock market crash. Before or during the crash, reduce your holding.

4. If you are seeing this type of data on MSCI Nigeria for the first time. You may need to verify the figures. Go to my previous posts (https://www.nairaland.com/yok/posts), you will see the various sources where the data can be verified. Get us at twitter https://twitter.com/AnalysisTarget

sky2891:

Thank you
Please, Transcorp too

umm
https://invst.ly/9oco3

BullBearMkt:
Oil may have found its bottom, now ready to rally or range...

cud nt ignore dat daily positive div ... all correct

my diamond SMS alert is showing access bank. have they finally merged?

Access at 6.35. this is the real bonanza.

yom2:
my diamond SMS alert is showing access bank. have they finally merged?

When is due date?

Shine your light on FO!

Tomorrow now....they will say i was speaking idoma...

How most people are on the fence busy calculating which of Access/Diamond to key into...

Diamond seems to be taking a deserved break but Access decline currently knows no bounds.
Before keying into either, you have to pay key attention to the other

E kuu market o.

jideflash:

We still dey observe ground. 32million+ shares traded yesterday.
STI added to the NSE Insurance Index.
https://www.vanguardngr.com/2019/01/nse-reviews-composition-of-market-indices/
Sovereign Trust Insurance Plc is targeting to surpass its over N10.1 billion insurance business it generated in 2018 financial year
Read More at: https://leadership.ng/2018/12/10/sovereign-trust-insurance-targets-increased-business-in-2019/

Thanks. I received a mail as to that effect too but I don't understand this index rebalancing exercise of the NSE. Does it make any difference on the bourse? How does it add value to the coys moved? I interpreted it to mean like just moving from equity to premium or something similar to that.
I sincerely hope insurance sectors too will improve and bring smiles to the faces of their shareholders as well.
Let STI too go and bid for oil block na.

@jideflash, did you notice Custodian's share price? Going up.
Just suspecting that NEM might give it a good run too if they keep turning in good performance. Noticed some huge cross deals these days, don't know what it means anyway, could be either way.

Bargain in transcorp loading.


Out of diamond bank now.

Pray transcorp drops to 1 10

Modified.

Which kind statement be that? How you go dey pray make something go down for this new year

samzepaparazi:
Bargain in transcorp loading.


Out of diamond bank now.

Pray transcorp drops to 1 10

Mcy56:
E kuu market o.

Have you seen your transcorp? LOL.

WAPCO should do and come to N8 and below.... I stopped being an investor long time ago but am willing to take my bet on WAPCO.

Mpeace:
Access at 6.35. this is the real bonanza.

All because of Diamond Bank association.....

mendes911:
Have you seen your transcorp? LOL.

Lol. I see am o but not selling.
They talk say make we dey leave such stock, say e go come pay las las.
Skye go still ressurect one day, dey never delist am on NSE. We walk by faith now.

Michael11stock:
Which kind statement be that? How you go dey pray make something go down for this new year

Lol. Everybody just dey defend I'm own stock now.

I have one question. If people are selling massively in diamond like this. Means others are buying massively.

Will it not go up soon.

Someone just offloaded 10m units at once

mendes911:

WAPCO should do and come to N8 and below.... I stopped being an investor long time ago but am willing to take my bet on WAPCO.

...

Watching and waiting ...lets hope so

. I don wait enough for that stock since last year

Mcy56:

Lol. Everybody just dey defend I'm own stock now.

Michael11stock:
. I don wait enough for that stock since last year

Lol. Transcorp na one kind stock, I don't know it's problem these days, it's a good jijo stock in the past. It's that oil deal news and granting of loan to Heir Holdings that made me to enter it.
It always seems as if some people are waiting in the corner to bring out plenty offers just to crash the price once they see the price going up, but it will deliver at the right time sha.

....... Brb. Space booked.

wetin dey happen here now?

akinssan:
wetin dey happen here now?

You just dey resume class ba

samzepaparazi:
I have one question. If people are selling massively in diamond like this. Means others are buying massively.

Will it not go up soon.

Someone just offloaded 10m units at once

They’re buying to hold till 1H when the deal will be completed to take 1 naira cash.. at today’s price, that’s like sure 50% if I’m correct.. something Tbills won’t give you
It normal for anyone that bought below 1 naira to sell.. make “we”no do chop alone

awesomeJ:
just want to say a big congrats to @Yayira. Any one who would shun every noise and discard the 'cut losses short' principle to be able to hold on even while the turbulence increased has earned their success.

Yours has really been a good inspiration to me. I know for sure now that losses may endure for 11 months, but surely jaw-breaking profits come in December. (I'm not saying I have losses o)

And while someone who holds 1m unit may be in a hurry to sell. With your own kind of size, I wouldn't suggest you sell just yet as you know what difference every 10k rise implies.

the rights will expectedly bring in 75bn, after paying for diamond, there'll still be about 50bn that gets added to the shareholders funds. That'll have some positives.

Happy new year to everyone.

Thank you my brother.. congratulations to you too

Is transcorp a good buy at 1.2

Yayira:


They’re buying to hold till 1H when the deal will be completed to take 1 naira cash.. at today’s price, that’s like sure 50% if I’m correct.. something Tbills won’t give you
It normal for anyone that bought below 1 naira to sell.. make “we”no do chop alone

This makes alot of sense, but the price has to stay where it is

Three more weeks to open mattress