NewStats: 3,262,877 , 8,178,443 topics. Date: Tuesday, 03 June 2025 at 09:50 PM 341o4j

BabsO2:




Looking at NSE 30, the monthly bond auction dates seem to align with red days in the market. Most likely it's the same effect with the main all share index. (Did not find the all share index readily so I made do with the NSE 30 as it should be representative enough)

Looking at the past the market should recover in about 3 days if this current red is due to the demand for funds from the bond market.
But this April deep started some days before the auction, so there is a possibility recovery will be faster or perhaps slower. The first market deep was also on Jan 29, the auction date for that month.

People and institutions buying bonds don't sell shares in order to invest in bonds.


Over N900 billion was bidded yesterday but over N600 billion was successful.

Where is the extra N300 billion returned to investors?

They will rather invest it in fixed deposit or money market fund for 28 days to 30 days earning about 15% and the bid again in the primary market next month or better still buy in the secondary market from today

vacanci:


the next one may be lower as its now dropping gradually as seen from the range of bids. One has to bid under 20% to be successful with the longest tenor next time else, the money will be waiting for higher rates and this may not come

I expect rates to increase marginally during next month auction, due to demand and supply.

I expect demand to reduce in May

emmanuelewumi:



People and institutions buying bonds don't sell shares in order to invest in bonds.


Over N900 billion was bidded yesterday but over N600 billion was successful.

Where is the extra N300 billion returned to investors?

They will rather invest it in fixed deposit or money market fund for 28 days to 30 days earning about 15% and the bid again in the primary market next month or better still buy in the secondary market from today

Stuff like this is not cast in stone as the various people involved have various dispositions.

The size of the bond market trade in the monthly auction is bigger than the sum of trades on the NGX in most months I guess. The data is readily available. Nothing stops me from selling FBNH at N40 to buy FGN bonds when the opportunity came up. Neither did anything stop you from selling DS when you did to key the proceeds into bonds. And this happening can be a reason for the pull backs observed in the last picture i pulled from investing.com

BullBearMkt:

"The dumpers are waiting for the dividend hunters 😂" - Agbalowomeri

Looks like market makers for the banking recapitalization were also mopping up shares.

BabsO2:


Stuff like this is not cast in stone as the various people involved have various dispositions.

The size of the bond market trade in the monthly auction is bigger than the sum of trades on the NGX in most months I guess. The data is readily available. Nothing stops me from selling FBNH at N40 to buy FGN bonds when the opportunity came up. Neither did anything stop you from selling DS when you did to key the proceeds into bonds. And this happening can be a reason for the pull backs observed in the last picture i pulled from investing.com

Today's red was too deep. The auction was yesterday and unsuccessful investors were refunded to the tune of about N300 billion, yet the
market lost over 1% today. Thet is the highest in a long time

emmanuelewumi:



Today's red was too deep. The auction was yesterday and unsuccessful investors were refunded to the tune of about N300 billion, yet the
market lost over 1% today. Thet is the highest in a long time

Look at the chart I shared for NSE 30 daily candle pattern.
Or this one here for the all share index
The dips line up with the auction dates in Feb, Mar & April.
The dip in January was the day after the auction.
The February bond auction day dip was the biggest. Not surprised because of the interest rate jump from 16 to 19% (Jan vs Feb auction results for 10 year bonds)
The March dip was small (perhaps due to no major bond interest rate jump and high expectations while waiting for audited results to be released).
This Apr auction day dip is far smaller than the Feb dip.
However last five days suggest a trend downwards in the NSE 30 and NSE All Share Index. But I am seeing a forming today. Next three days will tell us more . Nothing is cast in stone with Mr Market, he has a mind of his own.

PETERiCHY:


OANDO sighted on full offer @#12.10K

LOCO and appease the gods you no gree.
By now I know say your body don come down

My prediction tomorrow, more adjournment nothing will change,wale Tinubu that our regulatory body could not do anything for not publishing result,if not their South African counter part.
Our judiciary system is a mess. unless wale have other strategies he want to execute after seeing what likes of Tony,Otedola etc have done with their company.

Good Morning all.

Expected rate hike in the US. Can FG attract more investment from that hot cash, especially if we could offer better return amidst stable fx.

It is not easy being Cardoso. Man should have a bed in his office when "e choke" so he can just lie down small and relax.

Already, "int'l banks" on a missionary journey to find the $$

I expect stability either today or tomorrow

Rebalancing in Progress.....
Any suggestions will be highly appreciated
😁😁😁😁😁😁😁

thebargainhunte:
I expect stability either today or tomorrow

That stability should wait first for my buy zone oo. 🙆🏽‍♂️
But Madam will say market has a mind of its own.🤷‍♂️

Zagee:

That stability should wait first for my buy zone oo. 🙆🏽‍♂️
But Madam will say market has a mind of its own.🤷‍♂️

Consult Agba to make your dream a reality. He has the power to make a dip deeper.

emmanuelewumi:



People and institutions buying bonds don't sell shares in order to invest in bonds.


Over N900 billion was bidded yesterday but over N600 billion was successful.

Where is the extra N300 billion returned to investors?

They will rather invest it in fixed deposit or money market fund for 28 days to 30 days earning about 15% and the bid again in the primary market next month or better still buy in the secondary market from today

How do you find out the amount bidded and the amount returned?

BigBashiru:


How do you find out the amount bidded and the amount returned?

From the offer results

emmanuelewumi:



From the offer results

Where do I see the offer results?

BigBashiru:


Where do I see the offer results?

From your bank or investment house

https://nairametrics.com/2024/04/16/recapitalization-uba-seeks-shareholders-approval-to-issue-10-8-billion-shares/

Ding!

KarlTom:
Ding!

Red Dingish

@zikkychops

Please, We await your update as usual on OANDO

NASCON of full offer

ACCESS @18 now......from 16.95...
Hope it's not too early to say this.....

KarlTom:
NASCON of full offer

Don't mind them, it's been like that since yesterday....

yMcy56:
ACCESS @18 now......from 16.95... Looking like there'll be reversal in some stocks.... Hope it's not too early to say this.....

Aunty, I thought today was going to be another "Bend Down and Select" ride

Mfunkynation:
Aunty, I thought today was going to be another "Bend Down and Select" ride

Lol.....or buy one get one free.......but the banks no wan gree for Agba or anybody o....
Make I no too talk, market still dey early....make we dey observe first....

Weekly Market Outlook Using Smart Money Concept SMC | Volume 1



https://www.youtube.com/watch?v=2XC88WC4HDg

How far OANDO court case today??

[quote author=Princkez post=129484345]How far OANDO court case today??[/qu

We are waiting @zikkychops update

UBA
Final Dividend: N2.30
Qualification Date: 10th May, 2024
Payment Date: 24th May, 2024
https://doclib.ngxgroup.com/Financial_NewsDocs/40903_UNITED_BANK_FOR_AFRICA_PLC-UBA_PLC_-_CORPORATE_ACTION_ANNOUNCEMENT_FY2023_CORPORATE_ACTIONS_APRIL_2024.pdf

IMG
Final Dividend: 0.50k
Qualification Date: 13th June, 2024
Payment Date: 2nd July, 2024
https://doclib.ngxgroup.com/Financial_NewsDocs/IMG_-_Corporate_Announcement_on_2023_Audited_.pdf

NEWGOLD
https://doclib.ngxgroup.com/Financial_NewsDocs/40921_NEWGOLD_EXCHANGE_TRADED_FUND_(ETF)-NEWGOLD_ISSUER_QUARTERLY_UNAUDITED_USD_AFS_MARCH_2024_CORPORATE_ACTIONS_APRIL_2024.pdf

Court Ruling on Oando to come up on *June 24* after hearing from all parties concerned today at FHC, Ikoyi_

Princkez:
How far OANDO court case today??