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Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 12:09pm On Jul 14, 2020 |
OBAGADAFFI: U don't need to stress urself too much bro. ...u already put out a valid point, which I believe is a fact !! The apex bank also confirmed some of these figures at the time, so anyone in doubt can argue with the CBN. @ robobo also made some valid points though. The important thing is that collectively, we all agree that there's need for the country(the current administration not necessarily the CBN alone) to allow for a unified Fx window peg, ease certain supply management regulations and align with policies that can better the believability index of our foreign brothers.(exchange rate clarity, confidence boost and greater capital inflow) That said, and as I already stated here in times past, I think that the country's current surrounding Fx situation is still better than pre/post Jan 2018 and Dec 2019/Jan 2020 period when we witnessed a market rally.(the CBN already adjusted/devalued twice) Again, assets are currently cheaper(valuation in view) than they were then. ...so I still believe there'll be some rally in time. However, it(the rally) will likely be SELECTIVE, and not accross board though. For the most part, the prevailing circumstance(oil price strain and corona-induced environment) have already been priced into most assets/coys. ...so I expect the anti-fragile assets/WINNERS to reprise accordingly. We continue to observe. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Penboy: 12:09pm On Jul 14, 2020 |
stcool: Sorry o my chief.. Just a quick question. What's the significance of this trading volume? Does it affect the share price? How? Thanks. |
Re: Nigerian Stock Exchange Market Pick Alerts by robobo: 12:14pm On Jul 14, 2020 |
OBAGADAFFI: My Oga make we leave matter for mathius, Erisco get hin own issue which is in public domain i am not aware that CBN is stoping any exporter from selling proceeds of exports on the IEW since its inception in 2017, so why he cant sell hin own money to hin self via the IEW is what should be talked to as per Erisco even the FPI / international DFI acknowledged that the IEW is free and functional market. The only issue with it is lack of depth / liquidity but make we leave all dis grammar make we pray make dem solve d problem b4 all this global excess liquidity go dry up, so that NSE (indirectly me &u) can get its own share |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 12:16pm On Jul 14, 2020 |
onegentleguy: OBAGADAFFI: The part in bold is exactly what we have been saying.(see post above) Nigeria's Fx challenge is mainly the result of SUPPLY MANAGEMENT constrains(regulations from the CBN/whack policies from the fiscal end) and NOT necessarily just about supply(higher demand in view) !! Selah |
Re: Nigerian Stock Exchange Market Pick Alerts by robobo: 12:23pm On Jul 14, 2020 |
onegentleguy: my Oga talking to the bold, in terms of practical value (PPP) of Naira present is better than those two era that u qouted however in term of free flow of FPI present is worse cos for those two era the FPI were able to completely go out (whether by design or accident) but now they are trapped in Naira assets unable to go out. i can say with some high probability of being right that the May / early June rally witnessed on NSE was a result of some FPI rotating back into equity after they cld not get USD upon sales done in March / April but las las make dem just solve d problem so that we (NSE) can enjoy some of these high wall of liquidity on the global space 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 12:23pm On Jul 14, 2020 |
Penboy: I stated clearly changing hands...the effect of the new majority holding will reveal itself meanwhile I loaded my last unit of Sterling at N1.25 moving unto Flourmills ahead of FY end |
Re: Nigerian Stock Exchange Market Pick Alerts by wuwu2: 12:28pm On Jul 14, 2020 |
Quick one please,....what happens when one cancels a partially filled sell order |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 12:30pm On Jul 14, 2020 |
robobo: IEW was established in 2017 https://www.cbn.gov.ng/out/2017/fmd/establishment%20of%20investors%27%20&%20exporters%27%20fx%20window.pdf 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by robobo: 12:36pm On Jul 14, 2020 |
OBAGADAFFI: so y cant he sell hin own money to hinself via d window naaa (even in NSE cross deal is allowed / done) |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 1:23pm On Jul 14, 2020 |
This market sef... Fcmb coming to my usual junction to reenter |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 1:40pm On Jul 14, 2020 |
E Ku market ooo. Zenith 15.50 now....let's see if it will retest 15 or sub 15.... FCMB's MM is doing great job.......let's see how far they can go with this defence..... 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 1:45pm On Jul 14, 2020 |
Japaulians E Ku market o. Someone was told to buy Zee here, hope you know what you're buying into, it's very important. You can be picking at strategic junctions if you have spare funds, if you don't have just exercise patience. .......next junction should be 15.25......if it keeps digging lower.... 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by sellydion: 1:52pm On Jul 14, 2020 |
A company should be able to use its own inflow. However there could be problem if Items of import are not included in HS code allowable for import by custom. Custom would deny the importation. robobo: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 2:04pm On Jul 14, 2020 |
sellydion: |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 2:18pm On Jul 14, 2020 |
stcool:Bros, allow FMN find it's bottom before you start loading, you can't keep averaging down all of them. Some holders may come panic-selling out of uncertainty of what the result might bring, you can then start keying-in if you've done your own home work well. Just my opinion. |
Re: Nigerian Stock Exchange Market Pick Alerts by zimams: 2:28pm On Jul 14, 2020 |
True.. All the FA can't be done in isolation, the economy provides context that can't be overlooked. GonFreecss1: |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 2:30pm On Jul 14, 2020 |
Mcy56:Exactly 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 2:35pm On Jul 14, 2020 |
UBA will likely go below N6......it started already.......and this was expected even before today. Not to create any panic, Just see it as opportunity to increase your stake, for those inside...........and opportunity to buy for those outside and eyeing it. Caveat: I may be very wrong. UBA is a good stock which pays dividend twice a year. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 2:38pm On Jul 14, 2020 |
Mcy56: I moved FCMB with just 300,000 shares from 1.9 to 1.89 . That's awesome, because of me NSE closed FCMB at 1.89. Have u ever moved d market before? 3 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by Penboy: 2:41pm On Jul 14, 2020 |
phoinix: Boss! |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 2:45pm On Jul 14, 2020 |
phoinix:clap for ur self. U just cut my money by 1kobo. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 2:48pm On Jul 14, 2020 |
phoinix:Lol. Why not wait to pick lower, or be picking gradually? Seems you're new to the system. Anyway, it's easy to move price nah, anybody can do that, all you needed is 100k units, the issue of stock price is another thing............bcos100k units of Japaul, is different from 100k of JB or Nestle........las las100k na 100k units....or more. |
Re: Nigerian Stock Exchange Market Pick Alerts by zimams: 2:53pm On Jul 14, 2020 |
ah.. take am easy nah.... the 15.25 means termites have chopped someone else's loot... Averaging down is even becoming exasperating ....feels like 'trying to keep afloat in deep waters when you cant swim'... Meanwhile lets all be mindful and not be carried away by the euphoria resulting from great opportunities presented by the market. There is need to thread cautiously and weigh our risks...and consider the need to have enough liquidity to survive if things go south.. Mcy56: 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 2:54pm On Jul 14, 2020 |
modgba:Why won't Stanbic displace Morgan, when they just jump on the exchange and be picking stocks at any available prices. Nsempas full Morgan nah.......and many are bargain hunters. When bargains show face for NSE, Morgan will take its place back. Lol. 5 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 2:56pm On Jul 14, 2020 |
Mcy56: I sold so I can buy back later. Anybody can move it but what makes it cool is that I determined the closing price for today. I made history, my bid will be quoted in the news, newspapers and on the internet. 5 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 2:58pm On Jul 14, 2020 |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 2:59pm On Jul 14, 2020 |
zimams:You're very correct for the 2nd statement. As for the 1st one, I'll say not necessarily. Some bargainers picked at 10.70, 10.85 or 11, during the March low. Some are dividend hunters, they're comfortable with both North and South. Lol. ......except you're speaking for yourself......and you have nothing to worry about as such.......if it reverses, you can easily cover the loss. Interim div is still there too. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 3:01pm On Jul 14, 2020 |
phoinix:Please move Seplat for me... 5 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 3:02pm On Jul 14, 2020 |
phoinix:LMAO. That's very cool. I first thought you bought. You did well. Maybe your name will enter NSE book of records too. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by IYGEAL(m): 3:04pm On Jul 14, 2020 |
wuwu2: The ones that were not filled won't be sold. It's that simple. You'd see the money equivalent of the filled ones in your trading account after reconciliation at the close of market. 1 Like |
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