ProphetUtuocha:
I agree completely that the folks running O na O are a bunch of phoney characters, lacking in principle and discipline, and clearly driven by multi-faceted greed. In saner societies, they would have been held to account for their illicit actions. Unfortunately, this is Nigeria!

The issue is more with the regulators who seem to look away

Tpharell:
Please, is the suspension of Oando trading from JSE not an inditement on the Nigerian capital market regulators?
Surely, the default of “inability to meet the extended deadline to publish its 2022 audited year end results and the interim results for 2023” for which JSE suspended Oando also applies on NGX, or the rules here are different?
The optics seems to suggest that Wale Tinubu is able to have his way with our people here who are unable to wield the big stick unlike with the South Africans

Please, is the suspension of Oando trading from JSE not an inditement on the Nigerian capital market regulators?
Surely, the default of “inability to meet the extended deadline to publish its 2022 audited year end results and the interim results for 2023” for which JSE suspended Oando also applies on NGX, or the rules here are different?
The optics seems to suggest that Wale Tinubu is able to have his way with our people here who are unable to wield the big stick unlike with the South Africans

baumolina:

Meffy understands Naija market very well as the current CBN has scientifically agreed with some of his policies. Only the politics spoilt his legacy.

It’s actually beginning to seem like the only wrong of Emeifele was the political ambition and nothing more

Please, am i the only one who could not do anything reasonable on the meritrade trading platform today?

Kwibaba:


Please explain more... price may recover a day or 2 after Mark down

I was wondering if that was a typo. Awaiting the explanation too

Transcorp power offers now available for those interested

Transcorp starting in reverse gear

lasisi:
What is the maximum price that can be bidded for transcorp today?

N351.3 today

Emndy:


No. They are selling to provide liquidity, not buying.

Oh! Noted

.

.

Princkez:
yes....I got yesterday, I made sure I pushed. the buy button at exactly 9.30a.m

Except they clear out all the bids at the maximum trade rate for the day, your timing will remain meaningless as the order of priority of trade execution favors brokers trading on the NGX floor

KarlTom:
Wahala Pro Max
All trades executed at 14:30:00...

Fastest finger first!

This phrase👇is what is driving Transcorp, I suppose

Mpeace:
The ANOH gas project and the Exonnmobil asset purchase are the major reasons for the capital appreciation.
Gas project is ready for commissioning but the asset purchase is still awaiting FG approval.

Gas project is expected to double their earnings, while the asset purchase when approved should multiply the blessings.

Well said!

https://doclib.ngxgroup.com/Financial_NewsDocs/40400_SEPLAT_ENERGY_PLC-CORPORATE_ANNOUNCEMENT_ON_FINAL_DIVIDEND_FOR_SEPLAT_ENERGY_PLC__CORPORATE_ACTIONS_FEBRUARY_2024.pdf
Seplat is more about capital appreciation than dividends

DrAwo:
Get ready for "Buy one, get one free" in the market once it opens today...
Blood shall flow...

Interesting times ahead...

May not turn out to be as bad.
Every financial semi illiterate on the street knew there will be massive rate hikes, and the CBN governor was clear about it right from the outset without mincing words. So I believe real investors have since factored in rates increase and taken positions with that in mind

Tpharell:
Can anyone explain how is it there is best bid of 23.55 sitting with best offer of 23.10 for access bank? I mean bids are higher than offers but no trade?

Same with Transcorp with bids at 13.05 and offers at 12.34

Can anyone explain how is it there is best bid of 23.55 sitting with best offer of 23.10 for access bank? I mean bids are higher than offers but no trade?

KarlTom:
Let me shed more light on this so it doesn't send a wrong message across.

Over 24m units of Ellah were 'mistakenly' credited to a friend's account by his brokers...

What we observed today was the broker trying to offload those units. I believe it'll continue tomorrow...

How does such ‘mistake’ happen when the system is automated?

Seplat!

Locotrader:


Go to court and ask your question.

Unnecessary grandstanding on an obviously logical matter

Locotrader:


Inwardly it's real
Outwardly,it's fake.
Read his write up again and understand why I attacked him.
He has learnt something from various comments that follows his post.

Pls this chapter is closed.

If he didn’t disclose here that he placed those several bids there how would you know?
Until it is revealed you cannot know someone’s intention. That’s the point you’re missing. Besides, on the trading floor of NGX brokers place and cancel bids as they want, so how is it illegal here?

Locotrader:


Did you have the intention of buying except to manipulate the very stock.Thats a fake bid dear and criminal act.
If you want to learn how to push price single handedly, you ask questions from professionals not to claim what you don't know.

Once a bid has been placed, how do you determine whether that it’s fake and the person’s intentions is not actually to buy?
There is actually nothing wrong there unless you can read the human mind to determine the intentions

Locotrader:


Did you have the intention of buying except to manipulate the very stock.Thats a fake bid dear and criminal act.
If you want to learn how to push price single handedly, you ask questions from professionals not to claim what you don't know.

How will you know his “intentions’ except he told you?

UPDC, Conoil and SUNU all on maximum red with full offer despite impressive results. People saw the good results before now and took positions earlier

megawealth01:
Nobody here or anywhere can predict the market... Las las everyone go dey alright including the imaginary newbies

What many put out here with ‘prophetic certainty’ are no more than speculative conjectures. They won’t admit it but it has been proved time and again. Nobody can predict the future, that’s why it’s best to create it!

What a day!

SonofElElyonRet:
Things are quiet here

Oando is not on full bid!

megawealth01:


We are watching

Didn’t take long enough

megawealth01:


Congratulations to all those heavily loaded in OANDO...

Your prediction sha

We are watching closely

From past trends it will likely reverse in few days

BullBearMkt:

...making such assertion about the market without reasonable evidence is unlikely to convince data-driven individuals. It's as simple as ABC - Always Back Claims with data

There is clear correlation between the banking stocks bull and the fx revaluation of last year. Do you need any evidence for that?