Latest / Green Ticker Tales / NGX Premarket June 23, 2026

Transcript

NGX Premarket June 23, 2026 · Green Ticker Tales

• 0:00
  good morning here is today's pre-market podcast i will start the week on a good note uh yesterday also index gained 3.97 percent uh looking at the technicals technicals have the index um if you're going by the summary of technicals index it's a buy going by oscillators it's a buy moving averages uh neutral uh the recovery we saw yesterday was largely due to recovery uh recovery in the banking names
• 0:27
  And so we had the likes of First Holds, JTCO, both gained 10%. So we also had MTN Nigeria close in the green as well. And I think we're going to see a continuation of that today. So what's on my radar beyond the broad market? We just saw last insurance stock is currently trading below its rights issue price of 95 cupboard. Rights issue price is 95 cupboard. Stock closed yesterday.
• 0:56
  at 92 Corbo. That's a stock that has always been on my radar simply because it's one of the handful of stocks on the NGX that is trading around the 1 Naira mark. So let's see if we have a further decline today or it maintains that 92 Corbo range as a support level. I'm also looking forward to the rights issue circular.
• 1:20
  Simply because we are yet to get EFS 2025 and Q1 2096 numbers from the firm, which begs the question, should they really be kicking off a rights issue when you are yet to release your most recent financial statements? On what basis as a company are justified in having a rights issue run at the moment? And I think I'm going to write on this. Arada was also my reader. And if you have the time at 6 a.m. Nigerian time or a few minutes after, you'd have the video version of the pre-market.
• 1:49
  go out where i'll be breaking down the numbers the tdlr summary is i think the stock is just just trading in first zone a finance cost and cost generally a pressure point for that stock now q2 numbers which probably give us some guidance if we have lower costs generally in q2 then you can say yes you can upgrade your target price if q q2 shows cost remain elevated you're going to have a squeeze
• 2:19
  on profit and squeeze on margins um in that case you probably would still have to accumulate so i think these are some some costs that probably would decline with time and give them maybe six months one year and i'm referring to your finance cost i do see for a situation though the firm would largely have to entirely acquire uh nd western so that way that will help bring down um the cost
• 2:48
  now they have a huge chunk of it but it probably at some point in time it acquired the entire thing so uh the market reaction to the numbers was a bit soft yesterday even though we had around their close flats at 1750 i saw a few trades are slightly lower than that so that tells me that sentiment uh is a bit negative uh for that stock i also believe that sometime this week you're yet to get the details but we're scouting around for the details i believe sometime this week
• 3:16
  they should have an earnings call and that way I would be able to have some more insight into the management's thoughts about costs and how they can contain them, if they can contain them, and just generally the overview of the year. And so that stock remains on my radar. Other than that, there's not much to see. QTX is still dipping. I think QTX will continue dipping as well.
• 3:46
  uh cutix is a stock i'm also watching because it's trading at two naira 90 cover below the three naira psychological um level um so i think that's pretty much about it you'd have more details in the video side of things switching over to the pg in english version my people morning see my can i let now know which had to just like for this niger stock market you know this is stock market now from monday to friday uh but monday in our first day of the week
• 4:15
  we got settled down we'll hustle for daily 2k and let the market just show us how things could be when we get picture then we will yarn about what we see so now why would they run these yarns from tuesday to friday so today now we try to watch a market be sweet yesterday you see ultra last week everywhere red this will not be better red uh i read of same everywhere just cast but now now as monday yesterday be like it only makes sense
• 4:43
  uh the stocks will move the market now some of the big big masquerades uh gtq first bank or news in our banking stocks we draw the market down last week and as the banking starts when they go up again market go go up and associate we drop the report card for january to march uh the number makes sense i'll be talking for video you know say now any moment with this we're not supposed to talk too many numbers they cannot tire people and uh oil and gas not be not be my mind business
• 5:13
  so if you want to call and guys you guys talk the many many numbers with this so if you get the time at six o'clock niger time go to youtube channel green tikka warrior and then we'll break down all the numbers but to give you the summary of the hands now until i rather matter and where are they they now you say they don't become big big big masquerade now big masquerade before but as they don't acquire a share for one business like that you don't go up again you don't large you don't poof as we talk
• 5:43
  and so cost now cost need to come down if cost not come down let me say stop my bad stock to buy or where they you know especially go wrong uh so after the touch lighter but uh you know see for market people will just look see stock with the trade down thousand seven fifty they are they look the dividend really they pay not 23 naira uh if you say my money not missing my money where the company they they're not features to come on money like that to pay but market
• 6:12
  People, the reason I say 23 Naira, when stock now 1,750, not make sense, make a hula. So if to say the stock for trade where we were yesterday, for drop, because some prices, we see some trade now, been around that kind 1,600, 1,650, below the 1,750 where it did. So that will be a touch light, I rather today to see where it goes. Then all the other masquerades, we run the market, we move the market, GT Co, First Old School, even MTN Nigeria.
• 6:42
  mtn nigeria be run small yesterday uh go up by uh 30 naira you see mtn that big man screw it so that is a touch like the full market see as you go and uh by midday we're gonna see b because eleanor martin's between now and one o'clock nigeria time 1 p.m things will change so if you get the chance if you come back and call listen we'll let you know see cscb crcb crcb i reasoned before an idea now
• 7:11
  uh so we can go hustle for my daily 2k and you say for this market that's hustle for your daily 2k they're using the investment things the whole body where i say go be go jam later