MarketWatch

[hispy99]

Originally Posted by riskreturn

What is this idea of intervention fund (please, see 2nd paragraph of the posted link below) about, assuming the government buys the idea and provides the funds? Who would manage it? Who would decide which stocks to buy with the funds and when to exit? Would it need parliamentary approval and, if so, can it take off early enough before the damage is 100%-done?

Proshare News

Another silly idea....so govt is now a stock market investor? So govt funds should now be used to prop up the stock market? what happened to building roads, providing power?

[zubychyle]

Originally Posted by riskreturn

What is this idea of intervention fund (please, see 2nd paragraph of the posted link below) about, assuming the government buys the idea and provides the funds? Who would manage it? Who would decide which stocks to buy with the funds and when to exit? Would it need parliamentary approval and, if so, can it take off early enough before the damage is 100%-done?

Proshare News

They have to furnish us with more information as to what they intend doing, if it is like it sounds here then i don't see it as a very wise thing to do. The stock market is not a government play ground so i don't know how this will work out.
Trust nigerians the influential ones know how to twist the arm of the Government to get what they want, considering they're all exposed in this current market turmoil.
Let's see what they come up with this time.

[panej]

They have to do that because they are losing personal money individually. The stock market crisis is not even close to that of the power crisis, but no one would do anything about that. If they prop up the NSE with tax payer funds, that would be the worst thing ever because people will hang in there long enough to recover some of their loses and then the sell off will begin. What ever amount they put in will be wiped out in 3 weeks.

[billions]

Today was not "bad"...d index decreased by 0.42%.

[zubychyle]

Originally Posted by billions

Today was not "bad"...d index decreased by 0.42%.

let's hope it's a sign of recovery.

[panej]

Originally Posted by billions

Today was not "bad"...d index decreased by 0.42%.

With very low volume though. Let's hope it's hitting resistance floor.

[billions]

Does anyone know d outcome of d NSE/CBN meeting in Abuja?

Thx.

[BLUEMONEY]

Originally Posted by dannynoko

Those that did recommend to their inlaws to venture into the stock market with funds in their savings account should be on red alert with their inlaws, b'cos if it continues this way, they could be hearing a different story from their inlaws. Your marriage could be at stake ooo, keep praying sha

Bluemoney- I hope you did not.....your caveat not minding

I did recommend to some of them but they have since left the market because i told them it will be better to hold cash since they are not long term investors.

[BLUEMONEY]

Originally Posted by olusolakemmy

infact AC also call for her to quit.

am not surprise keyamo also make an input, did he quote some legal backing?

The Legal Quotes was so many that the moderator was begging them as time was not enough.

[dannynoko]

Originally Posted by BLUEMONEY

I did recommend to some of them but they have since left the market because i told them it will be better to hold cash since they are not long term investors.

Bluemoney- Better if that is the case. This market now is not one to recommend to someone, except there is a way you have found out to ink the profits that we are not aware, please tell us oo!. I know it seems like with Nija connection, some people even get facility extended to them without being chrged anything.

[BLUEMONEY]

Originally Posted by nazzyon

I have got a question for those who were investors as far back as 6 years ago.

How bad can it possibly be if this bearish trend continues like this?



In the meantime, I am going back to school and will be back when the market is at equilibrium.

Six Years ago, I was not really as Liquid as i am today but was buying in the market here and there. I have seen both market correction and bear session come and go, so can strongly say that the worse --- Total Market Collapse --- will not happen.

But i must confess that the way the Bear crept into the market was never envisioned by me as it was very unusual compared to others that have come and go maybe I was stuck with the past. The one important thing this Bear session taught me is to never overlook Policies made by Regulators.

[BLUEMONEY]

[quote=knightofdelta;28624]Meeen... the trend this economy is facing right now is scary. I did not mean to scare anyone though, just laying down the facts. I just hope all those economic advisers and financial drivers of Nigeria will do something quick to resolve these issues soon. The economy can be brought back to a state where it can start moving forward even with high prices of energy and food if the right steps are taken in the right direction to forestall a precipitous crash. My only fear is that nothing seems to be going on. The CBN is sleeping, the Minister of Finance is nowhere to be found. This is not just encouraging.

When I advocated for ABC, the economic indices still made some sense, Dunlop was still trying to manufacture and the market was not this bad. Diesel was already high but inflation was around 8.5% and cyclical unemployment was still close to zero. Soludo was still proactive and developing a master-plan of sort.

@Olusolakemmy I know say na you get the copyright of your fingers you use to type, but watch what you say o... I can mobilize my boys to come and pay you a courtesy visit o. When I said I am pulling out, I was actually joking as can be seen when I added "to go and buy Manchester United shares..." I am storing my money until the market gets to the level where foreign investors come and join the party. No matter how much I lose, Chevron go pay, na people like you I dey tink of...

I still believe in Nigeria and I am going nowhere, no matter how bad things might be right now, we will get to a point where something will be done about it. We cannot continue like this for long because I believe someone will wake up to their duties soon... I just pray the powers that be allow Prof Soludo to do what he knows what to do best because I know he can handle the current situation.[/QUOTE]



Well they have woken up from thier slumber and decided to gather in Abuja today. i just hope the gathering is fruitful and producing the right result --- Market Confidence that will solve this Liquidity Crisis.

[fredski]

FG worried over stock market - To hold emergency meeting with NSE, others

Friday Ekeoba, Lagos - 26.08.2008

WORRIED by the continued downward trend in the activities of the nation’s capital market, the Federal Government has expressed its concern to the management of the stock exchange.

The Federal Government has thus called for an emergency meeting with the management of the Nigerian Stock Exchange (NSE) with the aim of checking the slide in the market.

The trend has caused investors to lose N3 trillion in the last four months.

The Director-General of NSE, Professor Ndi Okereke-Onyiuke, disclosed this on Monday while addressing market operators on the floor of the Exchange in Lagos.

Okereke-Onyiuke said the management of the Exchange had arranged a meeting with stockbrokers and bankers to brainstorm on the way to check the continuing slide in the market.

The lull in the market between March and July 2008 had resulted in the loss of investors funds close to about N3 trillion and efforts by the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) to check it had been to no avail.

Speaking further on the current bearish trend, Okereke-Onyiuke said the NSE was not folding its arms, but had done a lot of research on the issue and discovered that it was the first time in Nigeria.

The NSE Director General, who said brokers had not been briefing shareholders on the issue, noted that “the Exchange is calling for ideas from any brokers or stakeholders on the way forward, that is practicable and workable and capable of moving the market from the present negative territory,” adding that “we will brainstorm and go to Abuja for a meeting called by the government.”

She explained that the market was cyclical in nature, adding that “it has its period of ups and downs. We will not wait for the up period to come, so we decided to take this measure, hoping it will bring the market back to a positive note.”

NIGERIAN TRIBUNE

[dannynoko]

[quote=BLUEMONEY;28687]

Originally Posted by knightofdelta

Meeen... the trend this economy is facing right now is scary. I did not mean to scare anyone though, just laying down the facts. I just hope all those economic advisers and financial drivers of Nigeria will do something quick to resolve these issues soon. The economy can be brought back to a state where it can start moving forward even with high prices of energy and food if the right steps are taken in the right direction to forestall a precipitous crash. My only fear is that nothing seems to be going on. The CBN is sleeping, the Minister of Finance is nowhere to be found. This is not just encouraging.

When I advocated for ABC, the economic indices still made some sense, Dunlop was still trying to manufacture and the market was not this bad. Diesel was already high but inflation was around 8.5% and cyclical unemployment was still close to zero. Soludo was still proactive and developing a master-plan of sort.

@Olusolakemmy I know say na you get the copyright of your fingers you use to type, but watch what you say o... I can mobilize my boys to come and pay you a courtesy visit o. When I said I am pulling out, I was actually joking as can be seen when I added "to go and buy Manchester United shares..." I am storing my money until the market gets to the level where foreign investors come and join the party. No matter how much I lose, Chevron go pay, na people like you I dey tink of...

I still believe in Nigeria and I am going nowhere, no matter how bad things might be right now, we will get to a point where something will be done about it. We cannot continue like this for long because I believe someone will wake up to their duties soon... I just pray the powers that be allow Prof Soludo to do what he knows what to do best because I know he can handle the current situation.[/QUOTE]



Well they have woken up from thier slumber and decided to gather in Abuja today. i just hope the gathering is fruitful and producing the right result --- Market Confidence that will solve this Liquidity Crisis.

The market since July has gone down about 25%. I guess every body is feeling the pinch right now, hence the urgent meeting. Do you think all the big guys are not affected........the market is trying to reposition them from Billionairs to Millionaires and from Millionaires to thausandnaires etc., when they still want to belong to the big boys club....so why do you think they will not find a way out. I hope they dooo quick quick; b'cos Kaki no be leather any more..:

[BLUEMONEY]

[quote=hispy99;28628]

Originally Posted by BLUEMONEY

Why top 4 teams? Only one team fit win...so I hope your team is Man Utd ...or else more yawa go gass

Because i believe only the top 4 teams have serious shot at the Title though i am becoming skeptical of the Gunners after they lost to Fulham of all people. well the season has just started so there is still room to make mistakes.

Finally, Man Utd will not win the title this season. Back to back champions for three seasons ????? For what ????? it will not happen. This seasons title belongs to the team that is already on top of the table today.