Latest / Green Ticker Tales / NGX Premarket June 3, 2026

Transcript

NGX Premarket June 3, 2026 · Green Ticker Tales

• 0:00
  Good morning. Welcome to today's pre-market podcast. What am I going to be watching? This yesterday was the second red day on the NGX. We had the market in red fell by 0.35% ESI. We're still, in my view, we're still not, we're not, we're in the bargain territory. So at this point in time, I think cherry picking of select names would kind of start.
• 0:25
  you have the likes of where my bank goes that's 39 fell by 10 that's a key point from a psychological perspective um if we see further weakness i think we could easily see this stock ring trade between 29 to 32 at this price point but i can i can let you know for a fact that if slash when you see where my bank at sub 30 27 28 29 you are definitely going to see a a flood of buy offers coming to that stock
• 0:53
  at uh 39 the stock is still trading about i think 1.9 times some fraction above book value so we'll continue to watch i'm quite reticent about getting into any financial stock above um book value maybe the exception i'll make will be stambic ipgc because if we do an sotp evaluation for stamping uh you might say well we're kind of fairly valued i know and then you had the elephant bank uh first hold core um formerly known as first park of nigeria
• 1:22
  um first hold cookers nice is 2.5 i took some time to dwell on first hold cool um stock is below book value it's one of the uh handful of uh gm1 banks below book value i think when you think about it book value for that stock is around 76 77 stock is at 62. so the stock is about 0.8 times book value it's trading below book value and at some point in time i believe the markets will price that stock upward
• 1:51
  I'll discuss that in detail in the video. So if you have the time, about an hour from now, 6 o'clock Nigerian time, 6 a.m. Nigerian time, the video will be out. You can go check out the video. So I'm also looking at QTX. QTX closed at 3 Naira. Some accounts put it at 2.99. But if you say 2.99, you say 3 Naira, then you're not far off. The charts for QTX are bearish. So I expect a further downturn in that stock.
• 2:20
  overall i i think we're going to either have a flat each day or another red day but i expect the pace of losses to reduce i mean i think monday we're done if i'm right we're down by around one point something percent uh yesterday we're down by about 0.35 percent so i think we'll probably see the market uh maybe we'll have a flatish close or we'll come down by maybe 0.1 i want stock to pay close attention to his mtn nigeria if we see empty in nigeria
• 2:48
  trade or close at 800 now mark if you haven't really seen the market another strongly ready for the market but that's also a key point from a psychological perspective uh for that stock and even at the current price of 820 i don't think 820 it's i mean i've always said it i've said it's done the videos talked about it a bunch of times mtn nigeria is a 1000 stock so that's 800 now for a stock that should be traded at a thousand there um i don't think that's the bad place to get into that stock whether it's it's otherwise 820 not much different between 800
• 3:17
  to 820 um but if if slash when you see that stock at 750 777 8790 you're definitely going to see by pressure accelerating that stock and so continue to watch i'll switch you over to the pigeon english side of things my people helios helios helios as you make a lesson i know which i'm going to touch light for nigerian stock market today yesterday the market be red and i feel say today where market go red but not go red like we read yesterday everything that's what i see
• 3:46
  and some kind of big big masquerades and before yesterday yeah when my bank stock four by ten percent conclude that that's in there you see that that's in there it's against that kind of price all those round round figures people they call up and some people will like to buy stock at that level so when you see 30 now you see 31 now people say ah that's not makes sense so naturally put eye on the stock and when my back that's top where if you call the yorkshire grow stock for the nigeria banking space so not to watch our way uh facebook we also forced more yesterday
• 4:16
  come close at 62 now 50 something cobalt if you get time if you cross over to youtube for critical warrior have you do video where i take some kind of time i touch lights i walk out deep inside france bank a number just to tell you know how's the reason in the stock and so mt nigeria and i'm big masculine for nigeria stock market you need to watch mt in nigeria because you know all these big big masquerade if they fall the market will fall if they rise the market will rise and so if you see mt nigeria 820 mt ninja close
• 4:44
  we're talking before see that stock the waka they go one thousand naira i only see the way go i can't let me say go across street like that go across small to stop your customer go stop sometimes you go i can't go back as soon as stock market db sometimes price ago sometimes price is good now so now to watch empty in uh nigeria if you stop for that means you go cc market go for and all that and so get some kind of small stocks where they rise some of these insurance stocks really tears ago i feel see if you take something out the free last month
• 5:14
  uh when you look at it because when you look at uh international energy insurance after some time you say just like any normal worker you know if you just they run they go they run they go because relax more sometimes you go i can't go back so that's how we go see the stock market uh anyways i guess what kind they go they can go also for my daily 2k you'll see money put for this market as market the first month small opportunities they come so not to touch light and the whole market see where passive money
• 5:43
  and all that if i get time at one o'clock i just time for afternoon the media updates good day but if you don't get the time if you see journals at the end of the day uh by uh 6 p.m niger time and when mark by then market not close we don't look all the number i don't put everything together we'll come back on talk as market b so make a go also for my daily 2k making that work out well