New Look at Success and Failure

by Ope on October 2nd, 2009

filed under Make Money, News

I found this interesting article by Richard Fenton, and i knew i had to share it. It has not only helped me in better understanding failure, it has helped me in truly overcoming procrastination. i hope you find it useful.

5 Secrets of Turning Failure Into Success

1) Change your mental model of “success” and “failure”.
Most people operate with the following mental model:
SUCCESS <== <== YOU ==> ==> FAILURE
They see themselves in the middle, with success on one end and failure on the other. They do everything they can to move toward success and away from failure. But, what if the model were reconfigured?
YOU ==> ==> FAILURE ==> ==> SUCCESS
What if, rather than seeing failure as something to be avoided it became a “stepping-stone” on the path to success? In other words: Success is the destination. Failure is how you get there. To achieve significant success in today’s world, failure is not just a possibility.it is a requirement. We must see success and failure for what they truly are: not opposites, but opposite sides of the same coin.

2) Intentionally increase your failure rate
If it’s true that the more we fail, the more we succeed (and it is), then the immediate goal should be to intentionally increase your failure rate! Yes, this is a counter-intuitive, reverse thinking philosophy. but it works! In this way, we are succeeding even when we fail (as illustrated by this interaction between a student and Zen Master):
Student: Master, if one attempts to fail and succeeds, is he a failure or a success?
Master: Yes! Exactly!
Intentionally increasing failure is the basis for the "Go for No" concept. "Go for No" means the more people that tell you "no" the closer you will get to ultimate success – or in other words, "yes." Most people, if they actually counted the number of times they hear “no” during a typical day or week (which we recommend they do) would be shocked to see how low the number actually is. We recommend that to create a greater “NO-awareness” carrying a small pocket counter or note pad to track their noes.

3) Set “No” goals
Everyone sets success goals; few people set no goal. And that is what we suggest. But how about setting goals for the number of times we fail? For example, rather than a salesperson setting the goal of having 2 prospects say “yes” to them, they set the goal of being turned down (hearing “no”) 10 times. Imagine the first two prospects they called on said, “Yes!” Rather than being done (having hit their “yes” goal) they’d actually be behind because they still have 10 noes to go!
The other exciting aspect of this strategy is how it keeps people “in the game” when they’re “hot!” If all you have is yes goals and you slow down (or quit) when you’re successful, then the hot streak ends. But if you keep going when the yeses of life are falling at your feet, the sky is the limit!

4) Celebrate your failures, not just your successes.
It’s natural to be excited about our successes and to celebrate them, to give ourselves a reward or even throw a party. But, if the key to success is to increase our failures, then it only makes sense to celebrate our set backs as well. Yes, you heard right: if someone turns you down, celebrate it! When’s the last time you rewarded yourself for failing? Probably never! Instead of mentally punishing yourself for not succeeding, what if you bought yourself an ice cream cone and said, “I’m one step closer to success!” Maybe failure would stop having the negative hold it has on your thoughts and emotions.

5) See courage as a “muscle”
If failure is vehicle that that can take you to success, then courage is the fuel! Most people, however, think that courage is something you’ve either got or you don’t; they don’t see it as a skill that can be developed and process to be mastered. But that’s exactly what it is. Courage is a muscle. And, like any muscle, it must be exercised to be developed and strengthened. As the saying goes: Use it, or lose it. It’s no different with courage. You use and develop your “courage muscle” by looking fear in the eye and taking action anyway. Every time you take action, the courage muscle gets stronger; every time you fail to take action, it atrophies a little. And before you know it your courage is gone.
But It doesn’t have to be that way. All the courage you could ever want or need to achieve every goal you have is already in you, just waiting for you to take action.

So, change your mental models, intentionally increase your failure rate, set “no” goals, celebrate your failures and see courage as a muscle, and you will significantly increase your success rate within a very short period. Do come back to drop a comment or two, on how this article has spurred you to action and helped you in achieving more successes.

Fixed Odds and Spread Betting explained

by Ope on September 28th, 2009

filed under Capital Market, Make Money, News

As the name suggests, fixed odds betting is ‘fixed’ – you will always know before you place the bet the possible outcomes, and how much you stand to win or lose. Spread betting is very different – you may lose a lot, win a lot, or win or lose a little depending on how accurate your prediction is, it is a case of the more correct you are, the more you win, and the more wrong your prediction is, the more you loose.

Our everyday bets are a good example of Fixed Odds betting e.g. you enter into a bet with a friend that he cannot finish 2 bottles of fanta at a go,  if he does, you’ld pay him N1,000 but if he fails he gets to pay you N500. For this example, your odds are fixed at N1,000 which is the amount you stand to loose in the event that you friend wins the bet (it cannot be greater).

However, a Spread Betting version of the above example would be if you promise to pay your friend N300 for every Bottle of fanta he succeeds in finishing after the second bottle. What this means is that the more bottles of fanta your friend downs after the second bottle, the more N300 you would have to pay him. So if your friend succeeds in finishing 6 bottles then you would have to cough-out N1,200 being payment for the 3rd, 4th, 5th and 6th bottles.

Spread betting is common place in financial markets but it is increasingly being adopted in sports betting markets too, and carries the potential for much greater rewards, but also involves larger risk than fixed odds betting. The increasingly popular “Online Forex Trading” is a form of Spread Betting. Where you get paid for successfully predicting the direction of the market (currency pairs), such that the more correct you are, the more money you make, however the flip side is where the real risk resides.

There are several ways in which fixed odds may be presented, two of which are most common in sports betting. Odds such as 4/1, called fractional odds, imply that for every one unit staked, four units in addition to the one staked will be returned if the bet wins. Another form of presenting the odds is in decimal format which is more straight forward e.g. 3.52, implies that for every one naira u get three naira fifty-two kobo if your bet wins, so winnings equals Stake multiplied by Odds. If you bet N200 on an event with odds of 2.75, if your prediction is correct, you get N550 (N200 * 2.75) however if you prediction is wrong then you loose your Stake of N200.

There are definite advantages that fixed odds betting possesses over spread betting and vice-versa involving risks and potential earnings. Betting casually is best done at fixed odds, whilst spread betting professionals take preference to the high-risk, but high-reward, alternative.

Avoid Analysis Paralysis

by Ope on September 23rd, 2009

filed under Blogging Tips, Make Money, News

How many times have you been in a planning meeting that seemed to be going very well…but in the end, never amounted to anything?

Chances are you’ve been caught up in analysis paralysis. In other words, good ideas have been presented, but by the time enough people consider and reconsider the situation, it seems more complex, or not as great an idea as you originally thought. Or, in most cases, a conclusion about how to act is never reached.

But, guess what? There is such as thing as “over-thinking.” In sports, analysis paralysis might keep an athlete from reacting quickly enough. In politics, analysis paralysis might cause a simple issue to be debated for years. And, in business, analysis paralysis can keep business owners from moving forward in some pretty amazing opportunities! To avoid analysis paralysis:

  • Quickly jot down the pros and cons of an idea.
  • Make a decision (If an entire group is deciding-take a vote.)
  • Write out the steps required to follow through.
  • Assign the steps.
  • Follow through.

You didn’t become an entrepreneur to become a hesitant decision maker. By following these steps, you will make good, well informed decisions. Some will work out and some won’t. But, at least you won’t miss out on BIG opportunities!

If you find it difficult to be a decisive person, remember this, “The success is not in the decision you make; the success is in HOW you deal with the decision you make.” Make your decision and then go to work to make it the right decision.

Have you ever suffered from analysis paralysis? share your experience and how you overcame the situation.

NSe update 08-09-09

by Ope on September 8th, 2009

filed under Capital Market, Make Money

The Market Today 08/09/09

Hope of early stock market recovery dimmed further today as the market capitalization of the Nigeria Stock Exchange declined by N48.01 billion or 0.97 percent to close the market at N4,906.65 from N4,954.66 yesterday.

Similarly, the Nigerian bench mark All share index depreciated by 0.97 percent to close at 21,404.75 from 21,614.15 yesterday..

Market patronage in terms of Volume of shares exchanged by investors drop by 1.32 million ordinary shares or 0.35 percent when compared with the position of last trading day. In essence, an aggregate of 371.19 million ordinary shares were traded in 5,941 deals today as against a volume of 372.51 million traded in 4,972 deals in the previous transaction.

Turnover by value was on the upswing as it close at N2.62 billion; N0.82 billion or 45.56 percent rise as against N1.80 billion worth of stocks traded in the previous trading day

Table 1

Market Statistics

Today

08/09/2009

Previous day

07/09/2009

%

Change

NSE All-

Share Index

21,404.75

21,614.15

-0.97

Total

Deals

5,941

4,972

19.49

Volume

Traded

(M)

371.19

372.51

-0.35

Value

Traded

(N’B)

2.62

1.80

45.56

Turn

Over

Ratio %

0.07

0.08

-12.50

Change Point

Mkt.

Capt.

(N’B)

4,906.65

4,954.66

-0.97

CAP Plc lead the top gainers list again as the stock added N1.32 or 4.96 percent to its share price to close the market at N27.91 from its opening price of N26.59. Glaxosmith Plc came second on the list, having gained N1.02 or 4.92 percent as it opened and closed the day at N20.74 and N21.76 respectively.

Table 2

Stock

Opening

Price

(N:K)

Closing

Price

(N:K)

Absolute Change

(N:K)

% rise

CAP

26.59

27.91

+1.32

4.96

GLAXOSMITH

20.74

21.76

+1.02

4.92

WAPCO

30.00

30.99

+0.99

3.30

CCNN

10.05

10.55

+0.50

4.98

BCC

42.00

42.50

+0.50

1.19

Figure 1

Top 5 Price Gainers

2clip_image004

On the losers’ chart, UACN Plc lead the table for the day as the company share price declined by N1.84 or 5.00 percent to close the market at N34.96 per share, from it opening price of N36.80. Followed on the Chart was Okomuoil Plc that lost N1.32 or 4.98 percent to close the day at N25.19 per share.

Table 3

Stock

Opening

Price

(N:K)

Closing

Price

(N:K)

Absolute Change

(N:K)

% drop

UACN

36.80

34.96

-1.84

-5.00

OKOMUOIL

26.51

25.19

-1.32

-4.98

UNILEVER

15.99

15.26

-0.74

-4.57

ETI

12.02

11.50

-0.52

-4.33

ASHAKAEM

10.93

10.42

-0.51

-4.67

Figure 2

Top 5 Price Losers

clip_image006

Trading Activities (Sectors/Individuals)

The Banking sector emerges as the top traded Sector today in volume among the 30 listed sectors in the Nigeria Stock Exchange Floor. The sector recorded 231.03 million ordinary shares traded to control 62.24 percent of the aggregate volume of shares traded. The Commercial/Service sector, with 44.28 million ordinary shares, traded trailed behind the Banking sector which represents 11.93 percent of the total volume traded.

Figure 3

clip_image008

Zenith Bank Plc emerges first as the most patronized stock for the day. Investors traded 51.95 million ordinary shares to controlled 22.49 percent of the aggregate volume traded in the Banking Sector and 14.00 percent of the entire market. CourtVille Plc (41.55 million ordinary shares) emerged second position on the list.

Table 4

5 Most Traded Stocks by Volume

Stock

Price

(N: K)

Volume

(M)

ZENITHBANK

10.50

51.95

COURTVILLE

0.68

41.55

UBA

10.68

39.88

ACCESS

5.85

31.54

FIRSTBANK

13.80

25.30

Figure 4

5 Most traded Stocks by Volume

clip_image010

Monetary Policy Rate: 6.00 %

Business News

Term of the day:

GRAY MARKET: An unofficial market where new issues of shares are bought and sold before they become officially available for trading on the stock exchange.

mkt update for 02-09-09

by Ope on September 2nd, 2009

filed under Capital Market, Make Money

About The Market Today 02/09/09

The clean up exercise in Nigerian banks embarked upon by the Central Bank of Nigeria (CBN), has continued to take its toll on the Nigeria Stock Market as equity prices continued its downwards trend.

At the close of trading today, the benchmark All share index declined 167.07 points or 0.74 percent to close at 22,393.77 from 22,560.84 points the previous day.

The market which had continue to fall since last Friday, had resumed last Monday on a poor note with the index declining by 1.3 percent.

Similarly, the market capitalization fell by N38.30 billion or 0.74 percent to close at N5,133.37 billion from N5,171.67 billion the previous day.

Market patronage in terms of Volume of shares exchanged by investors rise by 322.59 million ordinary shares or 87.78 percent when compared with the position of last trading day. In essence, an aggregate of 690.07 million ordinary shares were traded in 6,370 deals today as against a volume of 367.48 million traded in 6,460 deals in the previous transaction.

Turnover by value was on the upswing as it close at N3.84 billion; N1.45 billion or 60.67 percent rise as against N2.39 billion worth of stocks traded in the previous trading day

Table 1

Market Statistics

Today

02/09/2009

Previous day

01/09/2009

%

Change

NSE All-

Share Index

22,393.77

22,560.84

-0.74

Total

Deals

6,370

6,460

-1.39

Volume

Traded

(M)

690.07

367.48

87.78

Value

Traded

(N’B)

3.84

2.39

60.67

Turn

Over

Ratio %

0.13

0.07

85.71

Change Point

Mkt.

Capt.

(N’B)

5,133.37

5,171.67

-0.74

Guinness Plc lead the top gainers list again as the stock added N6.48 or 5.00 percent to its share price to close the market at N129.67 from its opening price of N193.11. Benue Cement Company (BCC) Plc came second on the list, having gained N1.00 or 2.56 percent as it opened and closed the day at N39.00 and N40.00 respectively.

Table 2

Stock

Opening

Price

(N:K)

Closing

Price

(N:K)

Absolute Change

(N:K)

% rise

GUINNESS

129.67

136.15

+6.48

5.00

BCC

39.00

40.00

+1.00

2.56

UNILEVER

14.02

14.72

+0.70

4.99

CCNN

9.42

9.89

+0.47

4.99

LONGMAN

8.00

8.40

+0.40

5.00

Figure 1

Top 5 Price Gainers

2clip_image004

On the losers’ chart, Oando Plc lead the table for the day as the company share price declined by N2.50 or 2.66 percent to close the market at N91.50 per share, from it opening price of N94.00. Followed on the Chart was Conoil Plc that lost N2.10 or 4.61 percent to close the day at N43.50 per share.

Table 3

Stock

Opening

Price

(N:K)

Closing

Price

(N:K)

Absolute Change

(N:K)

% drop

OANDO

94.00

91.50

-2.50

2.66

CONOIL

45.60

43.50

-2.10

4.61

FLOURMILL

23.50

22.33

-1.17

4.98

NBC

23.00

21.85

-1.15

5.00

GLAXOSMITH

20.21

19.20

-1.01

5.00

Figure 2

Top 5 Price Losers

clip_image006

Trading Activities (Sectors/Individuals)

The Banking sector emerges as the top traded Sector today in volume among the 30 listed sectors in the Nigeria Stock Exchange Floor. The sector recorded 308.47 million ordinary shares traded to control 44.70 percent of the aggregate volume of shares traded. The 2nd Tier sector, with 250.01 million ordinary shares, traded trailed behind the Banking sector which represents 36.23 percent of the total volume traded.

Figure 3

clip_image008

Capital Oil Plc emerges first as the most patronized stock for the day. Investors traded 250.01 million ordinary shares to controlled 100 percent of the aggregate volume traded in the 2nd Tier Securities Sector and 36.23 percent of the entire market. Zenith Bank Plc (84.80 million ordinary shares) emerged second position on the list.

Table 4

5 Most Traded Stocks by Volume

Stock

Price

(N: K)

Volume

(M)

CAPOIL

1.14

250.01

ZENITHBANK

11.60

84.80

GUARANTY

13.00

71.25

DIAMONDBNK

6.01

41.77

ACCESS

7.16

34.82

Figure 4

5 Most traded Stocks by Volume

clip_image010

Monetary Policy Rate: 6.00 %

Business News

Term of the day:

DELISTING:

The removal of a listed security from the exchange on which it trades. Stock is removed from an exchange because the company, for which the stock is issued, whether voluntarily or involuntarily, is not in compliance with the listing requirements of the exchange.

The reasons for delisting include violating regulations and/or failing to meet financial specifications set out by the stock exchange. Companies that are delisted are not necessarily bankrupt, and may continue trading over the counter.
In order for a stock to be traded on an exchange, the company that issues the stock must meet the listing requirements set out by the exchange. Listing requirements include minimum share prices, certain financial ratios, minimum sales levels, and so on. If listing requirements are not met by a company, the exchange that lists the company’s stock will probably issue a warning of non-compliance to the company. If the company’s failure to meet listing requirements continues, the exchange may delist the company’s stock. 

NSE Market update for 26-08-09

by Ope on August 26th, 2009

filed under Capital Market, Make Money

About The Market Today 26/08/09

The bull consolidated their hold on the stock market today pushing up the market capitalization of the Nigerian Stock Exchange (NSE) by N113.60 billion to close at N5,382.30 billion.

After losing N519 billion last weeks, following reactions to the Central Bank of Nigeria’s (CBN) removal of the managing director of five banks, the market rebounded with a growth of 2.30 percent today.

Investors who found the current levels of stock prices as an opportunity to increase their holdings were buying some of the stocks.

The upward trend of the Nigerian Stock Exchange index continues and it rise by 2.16% from 22,984.14 to close at 23,479.72.

Market patronage in terms of Volume of shares exchanged by investors rise by 21.62 million ordinary shares or 6.92 percent when compared with the position of last trading day. In essence, an aggregate of 334.27 million ordinary shares were traded in 5,459 deals today as against a volume of 312.65 million traded in 5,606 deals in the previous transaction.

Turnover by value was on the downswing as it close at N2.30 billion; N0.01 billion or 0.43 percent drop as against N2.31 billion worth of stocks traded in the previous trading day

Table 1

Market Statistics

Today

26/08/2009

Previous day

25/08/2009

%

Change

NSE All-

Share Index

23,479.72

22,984.14

2.16

Total

Deals

5,459

5,606

-2.62

Volume

Traded

(M)

334.27

312.65

6.92

Value

Traded

(N’B)

2.30

2.31

-0.43

Turn

Over

Ratio %

0.06

0.06

0.00%

Change Point

Mkt.

Capt.

(N’B)

5,382.30

5,268.70

2.16

Total Plc lead the top gainers list again as the stock added N6.23 or 4.99 percent to its share price to close the market at N131.00 from its opening price of N124.77. Benue Cement Company Plc came second on the list, having gained N1.72 or 4.98 percent as it opened and closed the day at N34.56 and N36.28 respectively.

Table 2

Stock

Opening

Price

(N:K)

Closing

Price

(N:K)

Absolute Change

(N:K)

% rise

TOTAL

124.77

131.00

+6.23

4.99

BCC

34.56

36.28

+1.72

4.98

WAPCO

32.50

34.12

+1.62

4.98

NBC

24.15

25.35

+1.20

4.97

FLOURMILL

20.42

21.44

+1.02

5.00

Figure 1

Top 5 Price Gainers

2clip_image004

On the losers’ chart, Guinness Plc lead the table for the day as the company share price declined by N2.50 or 1.79 percent to close the market at N137.00 per share, from it opening price of N139.50. Followed on the Chart was Nestle Plc that lost N1.88 or 0.91 percent to close the day at N204.99 per share.

Table 3

Stock

Opening

Price

(N:K)

Closing

Price

(N:K)

Absolute Change

(N:K)

% drop

GUINNESS

139.50

137.00

-2.50

-1.79

NESTLE

206.87

204.99

-1.88

-0.91

7UP

30.40

28.89

-1.51

-4.97

JBERGER

25.65

24.37

-1.28

-4.99

TRIPPLEG

6.35

6.04

-0.31

-4.88

Figure 2

Top 5 Price Losers

clip_image006

Trading Activities (Sectors/Individuals)

The Banking sector emerges as the top traded Sector today in volume among the 30 listed sectors in the Nigeria Stock Exchange Floor. The sector recorded 147.11 million ordinary shares traded to control 44.01 percent of the aggregate volume of shares traded. The Insurance sector, with 63.23 million ordinary shares, traded trailed behind the Banking sector which represents 18.92 percent of the total volume traded.

Figure 3

clip_image008

Dangote Flour Mill Plc emerges first as the most patronized stock for the day. Investors traded 29.14 million ordinary shares to controlled 66.91 percent of the aggregate volume traded in the Food/Beverages & Tobacco Sector and 8.72 percent of the entire market. Platinum Bank Plc (28.05 million ordinary shares) emerged second position on the list.

Table 4

5 Most Traded Stocks by Volume

Stock

Price

(N: K)

Volume

(M)

DANGFLOUR

6.60

29.14

PLATINUM

3.96

28.05

SPRINGBANK

5.59

18.23

FIDELITYBK

1.91

16.92

ACCESS

5.70

14.13

Figure 4

5 Most traded Stocks by Volume

clip_image010

Monetary Policy Rate: 6.00 %

Business News

Term of the day:

MEAN RETURN:

Mean returns attempt to quantify the relationship between the risk of a portfolio of securities and its return. It assumes that while investors have different risk tolerances, rational investors will always seek the maximum rate of return for every level of acceptable risk. It is the mean, or expected, return that investors try to maximize at each level of risk.

Market Analysis for 25-08-09

by Ope on August 25th, 2009

filed under Capital Market, Make Money, News

About The Market Today 25/08/09

The Nigerian Stock Market made a surprise rebound yesterday and today as some discerning investors took advantage of low prices of bank and insurance stocks among others.

As anxiety and panic grew among investors, low demand weakened stock prices last week.

At the close of trading today, the All share index, which shows the direction of stocks prices rise by 2.33 percent to close at 22,984.14 from 22,460.08 points the previous day, while the Market capitalization appreciated by N120.13 billion or 2.33 percent.

Market patronage in terms of Volume of shares exchanged by investors drop by 311.64 million ordinary shares or 49.92 percent when compared with the position of last trading day. In essence, an aggregate of 312.65 million ordinary shares were traded in 5,606 deals today as against a volume of 624.29 million traded in 6,324 deals in the previous transaction.

Turnover by value was on the downswing like volume as it closed at N2.31 billion; N0.79 billion or 25.48 percent drop as against N3.10 billion worth of stocks traded in the previous trading day

Table 1

Market Statistics

Today

25/08/2009

Previous day

24/08/2009

%

Change

NSE All-

Share Index

22,984.14

22,460.08

2.33

Total

Deals

5,606

6,324

-11.35

Volume

Traded

(M)

312.65

624.29

-49.92

Value

Traded

(N’B)

2.31

3.10

-25.48

Turn

Over

Ratio %

0.06

0.12

-50.00%

Change Point

Mkt.

Capt.

(N’B)

5,268.70

5,148.57

2.33

Oando Plc lead the top gainers list again as the stock added N4.49 or 4.75 percent to its share price to close the market at N98.99 from its opening price of N94.50. Conoil Plc came second on the list, having gained N2.46 or 4.98 percent as it opened and closed the day at N49.35 and N51.81 respectively.

Table 2

Stock

Opening

Price

(N:K)

Closing

Price

(N:K)

Absolute Change

(N:K)

% rise

OANDO

94.50

98.99

+4.49

4.75

CONOIL

49.35

51.81

+2.46

4.98

BCC

32.92

34.56

+1.64

4.98

WAPCO

31.00

32.50

+1.50

4.84

FLOURMILL

19.45

20.42

+0.97

4.99

Figure 1

Top 5 Price Gainers

2clip_image004

On the losers’ chart, 7UP Plc lead the table for the day as the company share price declined by N1.60 or 5.00 percent to close the market at N30.40 per share, from it opening price of N32.00. Followed on the Chart was Guinness Plc that lost N1.50 or 1.06 percent to close the day at N139.50 per share.

Table 3

Stock

Opening

Price

(N:K)

Closing

Price

(N:K)

Absolute Change

(N:K)

% drop

7UP

32.00

30.40

-1.60

5.00

GUINNESS

141.00

139.50

-1.50

1.06

ETERNAOIL

16.85

16.01

-0.84

4.99

DNMEYER

8.07

7.67

-0.40

4.96

PORTPAINT

7.76

7.38

-0.38

4.90

Figure 2

Top 5 Price Losers

clip_image006

Trading Activities (Sectors/Individuals)

The Banking sector emerges as the top traded Sector today in volume among the 30 listed sectors in the Nigeria Stock Exchange Floor. The sector recorded 145.57 million ordinary shares traded to control 46.53 percent of the aggregate volume of shares traded. The Insurance sector, with 59.25 million ordinary shares, traded trailed behind the Banking sector which represents 18.95 percent of the total volume traded.

Figure 3

clip_image008

Fidelity Bank Plc emerges first as the most patronized stock for the day. Investors traded 24.24 million ordinary shares to controlled 16.66 percent of the aggregate volume traded in the Banking Sector and 7.75 percent of the entire market. First Bank Plc (7.75 million ordinary shares) emerged second position on the list.

Table 4

5 Most Traded Stocks by Volume

Stock

Price

(N: K)

Volume

(M)

FIDELITYBK

1.85

24.24

FIRSTBANK

13.99

18.73

ASOSAVINGS

0.79

17.91

PLATINUM

3.98

15.46

AIICO

0.91

15.37

Figure 4

5 Most traded Stocks by Volume

clip_image010

Monetary Policy Rate: 6.00 %

Business News

Term of the day:

ABNORMAL RETURN:

A term used to describe the returns generated by a given security or portfolio over a period of time that is different from the expected rate of return

An abnormal return can be either a good or bad thing, as it is merely a summary of how the actual returns differ from the predicted return. For example, earning 30% in a mutual fund that is expected to average 10% per year would create a positive abnormal return of 20%. If, on the other hand, the actual return was 5%, this would generate a negative abnormal return of 5%.

NSE Market 24-08-09

by Ope on August 24th, 2009

filed under Capital Market, Make Money

About The Market Today 24/08/09

Activities on the stock market commenced today on an encouraging note with much hope for sustainability of the trend for the week, the bull are equally bracing up to overcome any challenges that may come their way, judging by the performance been established today.

At the close of trading today, the All share index, which shows the direction of stocks prices rise by 2.21 percent to close at 22,460.08 from 21,973.96 points the previous day, while the Market capitalization appreciated by N111.43 billion or 2.21 percent.

Market patronage in terms of Volume of shares exchanged by investors rose by 349.52 million ordinary shares or 127.20 percent when compared with the position of last trading day. In essence, an aggregate of 624.29 million ordinary shares were traded in 6,324 deals today as against a volume of 274.77 million traded in 5,275 deals in the previous transaction.

Turnover by value was on the upswing like volume as it closed at N3.10 billion; N1.53 billion or 97.45 percent rise as against N1.57 billion worth of stocks traded in the previous trading day

Table 1

Market Statistics

Today

24/08/2009

Previous day

21/08/2009

%

Change

NSE All-

Share Index

22,460.08

21,973.96

2.21

Total

Deals

6,324

5,275

19.89

Volume

Traded

(M)

624.29

274.77

127.20

Value

Traded

(N’B)

3.10

1.57

97.45

Turn

Over

Ratio %

0.12

0.05

140.00%

Change Point

Mkt.

Capt.

(N’B)

5,148.57

5,037.14

2.21

Nestle Plc lead the top gainers list again as the stock added N9.85 or 5.00 percent to its share price to close the market at N206.87 from its opening price of N197.02. Oando Plc came second on the list, having gained N4.50 or 5.00 percent as it opened and closed the day at N90.00 and N94.50 respectively.

Table 2

Stock

Opening

Price

(N:K)

Closing

Price

(N:K)

Absolute Change

(N:K)

% rise

NESTLE

197.02

206.87

9.85

5.00

OANDO

90.00

94.50

4.50

5.00

CONOIL

47.00

49.35

2.35

5.00

NB

57.73

60.00

2.27

3.93

AP

50.59

52.00

1.41

2.79

Figure 1

Top 5 Price Gainers

2clip_image004

On the losers’ chart, Guinness Plc lead the table for the day as the company share price declined by N1.10 or 0.77 percent to close the market at N141.00 per share, from it opening price of N142.10. Followed on the Chart was UAC-Prop Plc that lost N0.80 or 5.00 percent to close the day at N15.20 per share.

Table 3

Stock

Opening

Price

(N:K)

Closing

Price

(N:K)

Absolute Change

(N:K)

% drop

GUINNESS

142.10

141.00

-1.10

0.77

UAC-PROP

16.00

15.20

-0.80

5.00

UNILEVER

16.62

16.00

-0.62

3.73

PORTPAINT

8.16

7.76

-0.40

4.90

UPL

6.86

6.52

-0.34

4.96

Figure 2

Top 5 Price Losers

clip_image006

Trading Activities (Sectors/Individuals)

The Banking sector emerges as the top traded Sector today in volume among the 30 listed sectors in the Nigeria Stock Exchange Floor. The sector recorded 335.65 million ordinary shares traded to control 53.77 percent of the aggregate volume of shares traded. The Insurance sector, with 95.56 million ordinary shares, traded trailed behind the Banking sector which represents 15.31 percent of the total volume traded.

Figure 3

clip_image008

Cap Oil Plc emerges first as the most patronized stock for the day. Investors traded 100.04 million ordinary shares to controlled 99.99 percent of the aggregate volume traded in the 2nd Tier Securities and 16.02 percent of the entire market. Zenith Bank Plc (79.46 million ordinary shares) emerged second position on the list.

Table 4

5 Most Traded Stocks by Volume

Stock

Price

(N: K)

Volume

(M)

CAPOIL

1.31

100.04

ZENITHBANK

10.17

79.46

UBA

10.13

69.76

FCMB

5.40

51.58

CONTINSURE

1.08

31.62

Figure 4

5 Most traded Stocks by Volume

clip_image010

Monetary Policy Rate: 6.00 %

Business News

Term of the day:

STOCK POWER: A power of attorney that allows the current owner of a registered security to transfer ownership to another party.

The party to whom ownership is being transferred can be a bank, brokerage firm, or another investor. Stock power may also be granted if the stock is pledged as collateral for a loan.

NSE Market Analysis for Friday 21st of August 2009

by Ope on August 21st, 2009

filed under Capital Market, Make Money

About The Market Today 21/08/09

Hopes that the Nigerian stock market would return to profitability dimmed today as all market indices closed in red.

Investors have since Monday reacted negatively to the Central Bank of Nigeria (CBN) governor’s decision to fire five bank’s executives, citing various irregularities.

At the close of trading today, the All share index, which shows the direction of stocks prices fell by 0.91 percent to close at 21,973.96 from 22,175.24 points the previous day, while the Market capitalization depreciated by N46.14 billion or 0.91 percent.

13 Stocks also appreciated like that of the previous trading.

Market patronage in terms of Volume of shares exchanged by investors drop by 84.95 million ordinary shares or 23.62 percent when compared with the position of yesterday. In essence, an aggregate of 274.77 million ordinary shares were traded in 5,275 deals today as against a volume of 359.72 million traded in 4,707 deals in the previous transaction.

Turnover by value was on the downswing like volume as it closed at N1.57 billion; N0.41 billion or 20.71 percent drop as against N1.98 billion worth of stocks traded in the previous trading day

Table 1

Market Statistics

Today

21/08/2009

Previous day

20/08/2009

%

Change

NSE All-

Share Index

21,973.96

22,175.24

-0.91

Total

Deals

5,275

4,707

12.07

Volume

Traded

(M)

274.77

359.72

-23.62

Value

Traded

(N’B)

1.57

1.98

-20.71

Turn

Over

Ratio %

0.05

0.07

-28.57%

Change Point

Mkt.

Capt.

(N’B)

5,037.14

5,083.28

-0.91

Oando Plc lead the top gainers list again as the stock added N4.00 or 4.65 percent to its share price to close the market at N90.00 from its opening price of N86.00. Nigeria Breweries Plc came second on the list, having gained N2.74 or 4.98 percent as it opened and closed the day at N54.99 and N57.73 respectively.

Table 2

Stock

Opening

Price

(N:K)

Closing

Price

(N:K)

Absolute Change

(N:K)

% rise

OANDO

86.00

90.00

+4.00

4.65

NB

54.99

57.73

+2.74

4.98

GUARANTY

11.31

11.87

+0.56

4.95

DIAMONDBNK

5.65

5.87

+0.22

3.89

UACN

36.60

36.71

+0.11

0.30

Figure 1

Top 5 Price Gainers

2clip_image004

On the losers’ chart, Total Plc lead the table for the day as the company share price declined by N6.56 or 5.00 percent to close the market at N124.77 per share, from it opening price of N131.33. Followed on the Chart was African Petroleum (AP) Plc that lost N2.66 or 5.00 percent to close the day at N50.59 per share.

Table 3

Stock

Opening

Price

(N:K)

Closing

Price

(N:K)

Absolute Change

(N:K)

% drop

TOTAL

131.33

124.77

-6.56

5.00

AP

53.25

50.59

-2.66

5.00

BCC

35.70

33.92

-1.78

4.99

FLOURMILL

19.50

18.53

-0.97

4.97

UNILEVER

17.49

16.62

-0.87

4.97

Figure 2

Top 5 Price Losers

clip_image006

Trading Activities (Sectors/Individuals)

The Banking sector emerges as the top traded Sector today in volume among the 30 listed sectors in the Nigeria Stock Exchange Floor. The sector recorded 112.18 million ordinary shares traded to control 40.83 percent of the aggregate volume of shares traded. The Insurance sector, with 66.53 million ordinary shares, traded trailed behind the Banking sector which represents 24.21 percent of the total volume traded.

Figure 3

clip_image008

Japaul Oil Plc emerges first as the most patronized stock for the day. Investors traded 52.66 million ordinary shares to controlled 100 percent of the aggregate volume traded in the Maritime sector and 19.17 percent of the entire market. United Bank for Africa (UBA) Plc (20.99 million ordinary shares) emerged second position on the list.

Table 4

5 Most Traded Stocks by Volume

Stock

Price

(N: K)

Volume

(M)

JAPAULOIL

1.18

52.66

UBA

9.65

20.99

AIICO

0.83

16.70

SKYEBANK

4.07

15.46

GUARANTY

11.87

15.53

Figure 4

5 Most traded Stocks by Volume

clip_image010

Monetary Policy Rate: 6.00 %

Business News

IKEJA HOTEL PLC: Audited result for the year ended 31st December 2008 shows Turnover of N6,455 million as against N5,282.35 million in 2007. Profit after tax stood at N872.53 million compared with N697.75 million in 2007. The Board of Directors is recommending a bonus of 1 for 5. The date of closure of register is September 14, 2009. The 36th Annual General Meeting is scheduled to hold at Sheraton Hotel & Towers, 30 Mobolaji Bank Anthony Way, Ikeja Lagos on Thursday, October 8, 2009 by 12.00noon.

CUTIX PLC: Audited result for the year ended 30th April 2009 shows Turnover of N1,323.45 million as against N1,307.34 million in 2008. Profit after tax and exceptional items stood at N78.31 million compared with profit after tax N114.5 million in 2008. The Board of Directors explained that the exceptional items consist of severance benefits paid to key management and other staff that left the company after long years of service.

OANDO PLC: Unaudited result for the half year ended 30th June 2009 shows Turnover of N165,036.0 million, as against N124,415.0 million in the comparable period of 2008. Profit after tax stood at N3,809.0 million compared with N3,673.0 million in 2008.

CUSTODIAN & ALLIED INSURANCE PLC: Unaudited result for the half year ended 30th June 2009 shows Gross Premium of N2,873.5 million, as against N2,012.9 million in the comparable period of 2008. Profit after tax stood at N851.62 million compared with N648.61 million in 2008.

STANDARD ALLIANCE INSURANCE PLC: Unaudited result for the first quarter ended 31st March 2009 shows Gross Premium of N1,397.01 million, as against N827.95 million in the comparable period of 2008. Profit after tax stood at N596.5million compared with N259.54 million in 2008.

UNION DIAGNOSTICS & CLINICAL SERVICES PLC: Audited result for the year ended 31st December 2008 shows Turnover of N1,033.7 million as against N545.8 million in 2007. Profit after tax stood at N370.1 million compared with N255.1 million in 2007. The Board of Directors is recommending a dividend of N0.08 per share and bonus of 1 for 5. The date of closure of register is September 7, 2009 while payment date is October 15, 2009. The Annual General Meeting is scheduled to hold at Manuel Mary Hall, Pyramid Hotels, Plot 160 Murtala Mohammed Highway, Calabar, Cross Rivers State on Monday, September 14, 2009 by 1.00p.m.

PORTLAND PAINTS & PRODUCTS NIGERIA PLC: Unaudited result for the half year ended 30th June 2009 shows Turnover of N1,122 million, as against N885.7 million in the comparable period of 2008. Profit after tax stood at N103.51 million compared with N70.14 million in 2008.

MULTIVERSE RESOURCES PLC: Unaudited result for the half year ended 30th June 2009 shows Turnover of N281.6 million, as against N186.8 million in the comparable period of 2008. Profit after tax stood at N38.51 million compared with N23.7 million in 2008.

LIVESTOCK FEEDS PLC: Unaudited result for the half year ended 30th June 2009 shows Turnover of N1,021.81 million, as against N850.3 million in the comparable period of 2008. Profit after tax stood at N10.12 million compared with N37.4million in 2008.

NCR (NIG) PLC: Unaudited result for the half year ended 30th June 2009 shows Turnover of N2,514.65 million, as against N1,879.8million in the comparable period of 2008. Profit after tax stood at N232.75 million compared with loss before tax of N85.2 million in 2008.

Note:

Two weeks of full suspension was imposed on trading of the shares of Afribank Nigeria Plc, Oceanic Bank International Plc, Fin Bank Plc, Intercontinental Bank Plc and Union Bank of Nigeria Plc on Monday, August 17, 2009 following the takeover of the banks by the Central Bank of Nigeria (CBN). The decision followed a tripartite agreement between the CBN, SEC and The NSE on the need to protect investors and prevent unprecedented dumping of the shares of the five banks. The suspension would be reviewed after two weeks.

Term of the day:

EARNINGS SEASON

The months in which a majority of quarterly corporate earnings are released to the public. Earnings season occurs in the month following the end of each quarter: January, April, July or October.

Kreativ Host Seminar

by Ope on August 20th, 2009

filed under Blogging Tips, Job Openings, Make Money, News

Kreativ Host is organizing an enlightenment seminar on the basics of web hosting, maintenance and domain registration.

Emphasis would be on how you can use this knowledge to generate a steady source of income either on a full-time or part-time basis, for yourself or your small business.

Date is this Saturday, August 22, 2009 at 7, Akinhanmi Street, by AP filling Station (Empire Area) Ojuelegba, Surulere by 10 am.

Attendance is Free.

There are also part-time and full-time positions for the role of web master, Business Development and a Customer care/frontdesk executives to be filled.

Interviews would be conducted on the same day.

Please help spread the word.

Thanks.