MarketWatch

[muranay@yahoo.com]

Originally Posted by lordgbengss

Bears crossing!!! beware

Selling pressure returns.

[dayoadebayo]

Market closed

Deals :
6,866


Volume :
408,038,177


Value :
N 2,505,587,240.16

[edunko]

Originally Posted by dayoadebayo

Market closed

Deals :
6,866


Volume :
408,038,177


Value :
N 2,505,587,240.16

Chei, I put my faith in God

[zainabusman]

Originally Posted by dayoadebayo

Market closed

Deals :
6,866


Volume :
408,038,177


Value :
N 2,505,587,240.16

Index will likely close lower as most banks including GTB lost.

The comfort is that if we strip out transactions in GTB, value of transactions has actually been gradually increasing in the last 2 weeks. Maybe it is the GTB effect. But it is still a positive sign.

[zainabusman]

Originally Posted by zainabusman

Index will likely close lower as most banks including GTB lost.

The comfort is that if we strip out transactions in GTB, value of transactions has actually been gradually increasing in the last 2 weeks. Maybe it is the GTB effect. But it is still a positive sign.

Index closed at 21,353 down 0.5%.

April Index should close higher than March but lower then Feb. All the same a good sign.

[muranay@yahoo.com]

Originally Posted by zainabusman

Index will likely close lower as most banks including GTB lost.

The comfort is that if we strip out transactions in GTB, value of transactions has actually been gradually increasing in the last 2 weeks. Maybe it is the GTB effect. But it is still a positive sign.

Index closed at 21,353.01 with capitalization of N4,849,456,196,045.83

Index is 0.5% down.

[savvy]

Originally Posted by Michael

Sorry O. I am carrying out spiritual stocktaking!

I have fired both Stacomms and MTN as my service providers and I'm Back to using cybercafe's, hence checking my mails and the market less regularly. I use GTB as a point of contact to touch all the other stocks in my Portfolio especially Ikeja Hotels which is in urgent need of deliverance.

You dont need to be sorry for restructuring sir..
Hope you come out stronger

[savvy]

Originally Posted by zainabusman

Index will likely close lower as most banks including GTB lost.

The comfort is that if we strip out transactions in GTB, value of transactions has actually been gradually increasing in the last 2 weeks. Maybe it is the GTB effect. But it is still a positive sign.

SMN visitor index is dropping its heading for 330 it has bridged 340..
Where have we all gone?

[pegheneji]

Originally Posted by muranay@yahoo.com

Index closed at 21,353.01 with capitalization of N4,849,456,196,045.83

Index is 0.5% down.

i think the capitalisation is giving me some hope that the market is on the path of recovery. i hope to see it cross 5Trillion soonest

[Taipan]

Originally Posted by pegheneji

i think the capitalisation is giving me some hope that the market is on the path of recovery. i hope to see it cross 5Trillion soonest

... after I buy everything I want to buy...!

[zainabusman]

Index should close up today. Although in early trading it did not look like that was going to happen.

[zainabusman]

Mkt has closed. Over a N1b was traded in Zenith.

Deals :
6,602


Volume :
470,115,985


Value :
N 3,195,739,507.31

[wanaj0]

Originally Posted by zainabusman

Mkt has closed. Over a N1b was traded in Zenith.

Deals :
6,602


Volume :
470,115,985


Value :
N 3,195,739,507.31

Almost 72m units of Zenith traded.

I think we are back to sideway trading pending when another result will hit the market.

Today should be positive even if marginal.

[EIC]

Originally Posted by savvy

SMN visitor index is dropping its heading for 330 it has bridged 340..
Where have we all gone?

Thanks Savvy, and that is true indeed. We are planning a few things (which we shall make public later) to remedy this situation. If you have any thoughts on this you can catch me on this thread How can we improve StockMarketNigeria.com?

[zainabusman]

Originally Posted by zainabusman

Index should close up today. Although in early trading it did not look like that was going to happen.

Index closed at 21,491. Up 0.65%.

[dayoadebayo]

Originally Posted by zainabusman

Index closed at 21,491. Up 0.65%.

Profit taking seems to have been overwhelmed by bids in the last four days.
Ordinarily the index would have nose dived. More importantly the transaction value have gone up simultaneously. I think market correction is going on. Underpriced equities do not seem to get back to those ridiculously low prices we have seen before (Jan 29 2009). Also we can see positive movements in equities that are perfoming--NB,Guinness,Nestle,PZ etc. NB and Guinness are even very near their 2008 top price levels

[citizen]

My view here is that Roubini is correct, the US will stabilise. What then? As long as China is importing jobs from America and exporting products, the US economy (minus its debt jetfuel) will stagnate. No jobs = No growth

The reality is that as long as the Chinese maintain a currency peg to the USD, they will keep importing jobs because they pay lower wages, and jobs will leave America and the middle class will deteriorate. So, for Americans and America to re-emerge stronger economically, the dollar must fall and fall hard vs all currencies around the world. When this happens, imports become expensive and US exports become cheaper for the rest of the world. This will re-ignite jobs for America's working and middle class

The obstacle here is the holders of wealth. This 5% of the population that holds 40% of the worlds wealth hold that wealth in US Dollars. If the dollar goes down, they lose. They will fight for every inch of ground to not give up a strong dollar. So its basically American workers vs wealthy. Who's going to win. Will CHANGE really come to America? To me, Obama's moves so far don't paint a very positive picture

[citizen]

HJR: Right now, Obama is spending money – I won’t say like a drunken sailor, because a drunken sailor spends his own money – but he is
throwing trillions of dollars at the economic downturn, assuming it will stimulate us out. My personal opinion is that they are only
stimulating government growth, and some day the average person may get a job, but his employer will be Uncle Sam.
What is the end result of creating all this money and throwing it at the problem?

JW: It will not stimulate the economy. The cost of all this is inflation. We will see inflation levels not seen in our lifetime
by as early as the end of this year. Eventually we will see liabilities of $65 trillion – more than four times U.S. GDP, more than
global GDP. There will be a hyperinflation where the dollar becomes worthless, where the paper is worth more as wall paper than as currency…

We are headed into a hyper-inflationary depression that will become a Great Depression. When hyperinflation hits, it will disrupt the
normal flow of commerce and turn it into a Great Depression.

What about paper assets based on the dollar? You want to get into something like gold or silver –physical gold or silver, not paper.
Perhaps get some assets outside the dollar. It’s a time to preserve your wealth and assets, not to start speculating on the stock market.
There is a lot of volatility ahead. Over the long term, gold and silver are your best hedges…

[beginner]

Originally Posted by citizen

HJR: Right now, Obama is spending money – I won’t say like a drunken sailor, because a drunken sailor spends his own money – but he is
throwing trillions of dollars at the economic downturn, assuming it will stimulate us out. My personal opinion is that they are only
stimulating government growth, and some day the average person may get a job, but his employer will be Uncle Sam.
What is the end result of creating all this money and throwing it at the problem?

JW: It will not stimulate the economy. The cost of all this is inflation. We will see inflation levels not seen in our lifetime
by as early as the end of this year. Eventually we will see liabilities of $65 trillion – more than four times U.S. GDP, more than
global GDP. There will be a hyperinflation where the dollar becomes worthless, where the paper is worth more as wall paper than as currency…

We are headed into a hyper-inflationary depression that will become a Great Depression. When hyperinflation hits, it will disrupt the
normal flow of commerce and turn it into a Great Depression.

What about paper assets based on the dollar? You want to get into something like gold or silver –physical gold or silver, not paper.
Perhaps get some assets outside the dollar. It’s a time to preserve your wealth and assets, not to start speculating on the stock market.
There is a lot of volatility ahead. Over the long term, gold and silver are your best hedges…

All in all God is in control and things never span out the way the human mind works. There is hope in God just take a back seat and enjoy. Don't worry about tomorrow God has already taken care of it. There is hope for my Children's Children.

[hispy99]

The Punch: Meltdown: Stakeholders deliberate on alternative funding sources