NewStats: 3,263,803 , 8,181,444 topics. Date: Sunday, 08 June 2025 at 12:19 AM 2v5356

stokfrick:


Is atlas real time trading and what are their total charges for buy and sell

Yes.
Buy at 0.4%
Sell at 0.6%

Thanks to Loco, I would never have known.

@Locotrader,
Thanks again for your recommendation of Atlas.

I had my first session with them today and it was 56:44 56% of my trades through them, 44 through MCSE, Even though the bulk of my fund is still with MCSE.

APEL, while their fees are right, trying to do active trading on their platform is perhaps harder than getting Nigeria to become debt free 😁 or maybe just as hard.

Toluway:
Is Conoil dead?

I know a `Toluway`
Do you have a memory of FC WAMCO from 2012?

If so, it's nice to meet you here 😁

ghm:


Humm... don't you think it is time to introduce fractional shares into NGX? The US Stock market received the largest boost in patronage when fractional shares were introduced. The question is, are our Stockbroking firms ready for that?

Maybe not yet since only 2 stocks are currently priced above $1.

If someone gives me just 1 unit of Berkshire class A, I think it's enough for me to retire 😁


But it's certainly a good one.
Exchanges should always be innovative in driving participation.

Agbalowomeri:


So when a couple of companies' share gets to 20k or 50k, they should change the rule again? NGX shouldn't be bending rules because of a couple of coys. It is the responsibility of company board to improve the liquidity of their shares na

Same rule works even if price hits N100k per share.

It's not really a rule bending. Tiered volume for price adjustment was the original rule, they ammended it to address the concern of index distortion, what I'm saying is that there's a way to keep that concern addressed while avoiding the adverse effect of illiquidity.

Board responsibility is to deliver optimum share holder value na, liquidity for listed equities is more of an NGX responsibility than the board's.
Na NGX suppose dey drive innovations that'll improve market participation, make board face the business of driving profitability and operational efficiency

Agbalowomeri:


Let them remain there or the shareholders do a stock split. It's not NGX fault

A rule amendment is better in this case.
It's not the shareholders' fault either that the stocks have gotten so valuable, neither is it their fault that NGX isn't as liquid.

Guys, someone here asked a few days back why stocks like Airtel still needed 100k units for a price change.

To him, my response is:
The volume needed was indeed tiered as you expect only a few years back, with stocks above just #100 needing only 10k units for a price change.

But people were then easily distorting the index with price movements on stocks like Dangote cement (needed only 2.2m then)

To everyone, my take is that, that rule probably needs to be adjusted to reflect new market realities.

At the time it was introduced, only NESTLE was priced above 1000, today we have GEREGU, AIRTELAFRI and SEPLAT too some having done 10x in the intervening period.


My proposal:
Let's revert to allowing 10k units cause a price change (maybe this time for stocks above N1000) provided the ticker hasn't had a price movement for up to 30 days (new clause to guide against the index distortion concern).



I think this adjustment is needed to help stocks like Airtel and SEPLAT which have such wide disparity between the prices in London and Lagos.


I'll try to send an email to the NGX public , please send this proposal too if it makes sense to you(add your voice), also if you have private communication access to the team there, maybe raise it too.

The market could be doing extra N5bn per week on these two if they weren't so blocked.

Locotrader:


Yes I am aware but yet to do any trading with them

Okay, thank you.
Thank you so much!

@LocoTrader, Apel seems to be saying that every one who uses their web portal only get charged 0.5%, can you confirm?

Their message:


Dear Sir,

Thank you for your email.

Kindly be informed that if you are trading on our Online Web portal, you have a concession of 0.50% brokerage commission.

Enclosed in this email is our opening form and inter-member transfer form.

Agbalowomeri:


It's not about calling out
It's about faith and patience

I have faith, but that patience is what i'm short on, but it doesn't matter since I already know my hand isn't straight to find roots of a quadratic equation with graphs, let me stick with the quadratic formula that works for me all the time, I still respect those who find their roots using graphs though.

It's hard to imagine though that you consistently find a stocks that do 100% and always put 100% of your portfolio in them.

KarlTom:
AwesomeJ, I commend you for your tenacity.

We need to realize that no one size fits all neither can we have a style that suits all.

I think it's 222Martin who shared his method of increasing his holdings in an stock without infusing extra funds.

Personally, I don't believe that having a low BE price is something to brag about (especially for stocks that experience mild to big fluctuations).

If persons A and B bought 100k units of XYZ at ₦5 each (that's ₦500k plus charges).
Person A is a long termer regardless of fluctuations.
Person B is a trader ready to capitalize on fluctuations.

After 6months, XYZ is now ₦7 but there's a probability that Person B now has as much as 120k units after trading and reinvesting...

Stocks Trading is a game (in Megawealth voice ) and whatever format you can deploy within the official rules is allowed.

José Mourinho was ridiculed and derided for his awkward formations amd style of play YET he delivered results...

I remain a TradInvestor

Every mallam to his kettle

Exactly.
And it's not every time the underlying currency will move from #460 to #1500 year on year, making sustained 100% returns harder to find.

"harder" doesn't mean impossible sha.

rmx:


With the volumes you do , you should be able to negotiate rates

Try to get across to the guys in charge at both Morgan and Atlass , should not be difficult , got concessions from both in the past

Thank you.
I'll start the communication on Monday.

Locotrader:


If I understand this thing called stock well,it is all about tradings.

You can invest in a company by buying into their IPO or their private placements.Once they list those shares in the secondary market,people can trade their shares and make money.

Secondary market is dominated by traders.Brokers who are doing well in the stock market must be surrounded by traders.This is why cardinal stone and stanbic Ibtc are on top.They transact billions on daily basis.

Exactly, even NGX and CSCS, active traders are their core revenue contributors.

Locotrader:


Other brokers will like someone like you but investment one will put restrictions on your if you are a Jijo type.I know you will not have anything to do with them self since their fees is 1.35% and you are looking for 0.50%

What's my business with them? Let them face their asset management business squarely and leave stock brokerage for people when understand what they're doing.

Agbalowomeri:

Not exactly your big capital
But I think it's feasible once in a year or two if you know your game.

People don't know that it's so easy to target one or two stocks that are sure banker for the year. That doesn't mean it will fly immediately you buy but you can give yourself 6-12 months. Sometimes you even hit above 100% if you are patient enough. Sometimes luck can even push it in three months. I have experienced all these scenarios

Me think this is much easier than running after 2-5% when I no do Forex Lol

Anyway the Koko na to make the though as long as it works for you

Exactly, as long as you know what works for you!

In my early days, I was always pained to read about people doing 200% , 300% on stocks, so sometimes I tried to take some positions to try my luck, nearly every single time, I exit at a loss, however ultimately, those stocks do better, but I would have sold off at a loss.

I last entering Access at around 7/8 naira after the merger with Diamond, on the basis of the perceived stronger entity I foresaw,

Oya, let stock climb na, no o, it instead fell from 7/8 to as low as N5, I sold when I could no longer near the frustration, today, perhaps around 1 year after, the stock climbed above N10.


But it just never works for me.

Trying to say we should all do long term or that we should all do 5-minute entry/exit is like telling all football coaches to always play 4-4-2.


I like my 1-2%, I'm already up 80-100% this year. That's 100% of my entire portfolio size not 100% in a few positions.

Streetinvestor2:
Is trading your full time job for you to have such time.
Loco still dey learn work for your side.Did you say 5% and you are out

You make it sound like if I make API calls, I would get some sort of 500 response saying "unprocessable request, you have open NGX orders"

Point is: it takes less than 7 minutes to place 30+ orders (If you know which ones to place), and while they're open, it doesn't stop your Zoom/Google meet, postman, vscode or rubymine from running.

Agbalowomeri:


What of 100% of 150m? With less stress

How often do you make 100% of the N150m?
What's the chance that while targeting the 100% you could still end up in a downside?

Streetinvestor2:
Who say dividend no dey swt.After access bank dividend.
I was thinking today na Lafarge 4 dividend only to see total energy dividend cooling off in my . We go reinvest total dividend and flex access dividend

All reinvesting and no flexing can make Jack frustrated.

Agbalowomeri:


You go really like withdrawal method o

I like small margins on large volumes. I don't think I've ever exited a position at up to 20% upside. Usually below 5%.
Below 2% net of all fees and charges.

But i'll take 2% of N150m over 15% of N15m, plus the fees I pay help keep maybe an extra cleaner or other staffers in jobs.

Locotrader:


You can also talk to Apel securities.
I negotiated 0.50% with them sometime ago but I never performed any trading with them but I have a functional with them

Now, Apel I have more confidence in,
I'll reach out to them, thanks for the suggestion!

Agbalowomeri:


See billionaire

Una get money for here o

Some folks have millions but trade billions, whereas some like you have billions and may only trade millions.

Different strokes! 😁

Locotrader:


Just approach Atlass portfolio for negotiations.
They have same interface trading platform like Morgan.
They may also review their fees upwards in the coming months the way things are going

Yes I've already reached out to them on Whatsapp.

No response yet. Good thing I still have 6 weeks.

At 0.5% average fee, I don't need to negotiate with them, it's already fair enough.

I can just port like 20% of my portfolio there till I build enough confidence.


Thanks for mentioning them.

Streetinvestor2:
Bros you dey buy and sell per minute be dat.Your broker go so like you..Are you fund manager

I assume they would. Some days I see transaction counts of around 1000 out of which I made 50.

Maybe when I trade up to N1bn monthly, I'll be able to negotiate fees.

I'm not a fund manager 😁

Locotrader:
It's better to pay 1% brokerage fees and get better services

True, but I got great services with Morgan capital even while their fees were 0.25%

Whereas I tried some folks with 1% fee, they take forever to respond.

Competitive fees doesn't imply poor services, neither does high fee guarantee great service.

0.5% of 10bn will always be better than 1% of 3bn.

Locotrader:


Atlas is 0.40% and 0.60% in buy/sell.
them

Which is effectively 0.5% flat.
I'll check them out.
Thanks.

MCSE hiking fees to 0.75% from 1st July.

that's extra 250k to 500k monthly brokerage fees for me.

Who has a trading license here.
I'll commit to N2bn annual trading value if you'll offer 0.5%

yMcy56:

It's working perfectly
Try and clear caches and past history
Then restart the system
If problem persists, your IT .

Thank you. Seems to be down again though.

Emndy:


It is not functioning optimally

Thanks

KarlTom:
It seems to be down.

Okay.

Can anyone access MCSE iTrade rn?

chimex38:

GDP has been rebased again.
I say make I update you.
So you can understand NBS stats better

https://businessday.ng/big-read/article/explainer-what-gdp-i-rebasing-means-for-economy/

😁😁

Streetinvestor2:
Ha bro.Na serious work you dey do.That means this is your full time work

I work as a software engineer.

That's my day job.

But I've always loved numbers.