Latest / Green Ticker Tales / NGX Premarket May 19, 2026

Transcript

NGX Premarket May 19, 2026 · Green Ticker Tales

• 0:00
  good morning let's get right into today's free market coverage now for those who typically don't watch the video i strongly would encourage you to take our time to go watch today's video i'll be going a bit deep into sterling uh hold core another technical reasons why to discuss that stuff but i'm kind of going to do a brief review of the q126 numbers and fy2025
• 0:28
  audited numbers but uh let's get into what's top on my radar uh for today you have the also index close slightly in the red yesterday slightly was down by 0.01 so index flat at 250k and some fraction uh what we need to watch out for is are we going to see the market decline below uh 250k if it is then the question you have to ask yourself is where is going to be the next line of support
• 0:57
  Is it going to be 245K? Is it going to be the 240K zone? Also on my radar is Mayan Baker. I dwelt quite a lot on the farmer space last week. So I'm not going to be going into a side-by-side review with the other players in that space. But Mayan Baker, I believe, from the figures I have,
• 1:26
  me and baker closed looking like an all-time high um looking like an all-time high so the question is where do we go from here uh the technicals what the technicals tell me is you could still have a some further upside yes i know rsi is neutral at its 1.04 uh magdia momentum say bye though so question we'd have to ask ourselves is
• 1:55
  where is the next uh support level stock is in the blue sky zone at the moment so at this point your resistance levels previous support levels aren't very used your first support level is 34.82 you need a sharp level of declines to get there uh your lowest resistance point is about 49 shares so i would have to see how it goes but if the stock is at 52 i think mid 40s probably would make sense to get in
• 2:24
  mid 40s uh late 30s would make sense to get him those are my views ladies and gentlemen in no way shape or form am i saying that you should buy so that me and baker ladies and gentlemen now beyond me and baker there's a few other names on my radar and today's uh trading uh a session so uh beyond me and vika i'm also looking at uh
• 2:54
  abby abby bank now abby for me it's fundamentally straight in above book value at this point i don't know if you're ever going to see this stock uh trade at at book value that's that's a question we have to ask uh uh oneself can we see the stock trade at book value but anyways yesterday fell by eight point uh nine percent
• 3:27
  goes in at 69.65 uh cobalt a share um what are the technicals the technicals are still quite bearish on this stock um rsi is neutral for 4.0 but the moving averages are mostly mostly mostly sell uh we are at um just at the first resistance level that was nine and the stock is at 8.89 so question is
• 3:59
  Can we get to the first support level of 4.5? I don't see this stock moving from 8.89 to 4.5. I don't see that happening. In any case, what I think is likely to happen is probably it's going to settle around the 8 Naira mark, 7 to 8 Naira mark. But moving to the first support zone of 4.5, nah, that's unlikely to happen. I'm also going to be watching the Sterling Holdco as I round up the audio version.
• 4:29
  sterling's on my mind because they sent in a notice that they're going to be getting the agm notice under the special items to be discussed i'm going to be seeking shareholder approval to undertake a reduction in number of shares so it's going to be 10x reduction in number of shares just by rule of thumb if you're having a 10x reduction in number of shares depending on when this takes place and all
• 5:00
  after that has been approved by regulators and subject to the trading requirements you're going to have that stock probably trade in theory should trade 10x where it is now whether it's going to stay there is what we don't know and so we would have to watch that stock in the next few months as it trades so ladies and gentlemen these are some of the stocks i will be paying close attention to
• 5:29
  I'm switching over to repeating the English side of things and people at Norveg say well this yarns not go to tail like that because if I say it will ruin the fall and you know as Lagos Zibi once ruined the fall and everywhere they scatter so very soon Akasenta Road make her go for shoe at the late UK so what are they looking for in the market today the full market not to move like that if I say market just they sit down one place
• 5:56
  as the stocks will default you know the two most of them are the two foreigners most more for those with the rise now you know the too many with the rights like that so market just the time that for one place so not much to talk about the full market the number would they use to measure the market at the asi the ocean index that number now by 0.01 percent we dropped yesterday so if you talk to where something will fall by less than 0.1 percent
• 6:24
  uh that means it's not to move like that than i did so in order to watch our market and but we put i we just like this telling a financial telling in their agm notice agent will be like family meeting for shareholders they don't say they won't reduce the number of shares will they get yeah so they're going to do some by 10x and all that so i feel some people because normally when that can't happen price could drop
• 6:53
  so a big price will increase when that kind of thing will happen the price there around there at some point something naira by the time they finish the price will go up to maybe something something else something naira depending on where the price be so obviously you go buy because i know so many people they go one trick money inside and the fast say they go reduce the shares then thereby the price will go up normally the price could stay where it is so don't go wrong go put money
• 7:22
  and which is when that says the stock will move our market will price some then you go reason so not be by that one so now that's talk at the loop uh i didn't look at the bank i bet before yesterday uh we will see where abeg went at the day today and all that so now the full market would they look it's to get the normal stocks way on a normal day with the chukka for uh if they reason mtn nigeria i know so many people they ask mtn
• 7:52
  when mt and nigeria go cross back enter 900 zone but uh let's say you go take you see that one the stock close for 820 yesterday and from the country do i see uh still get foul 900 before i go back to 900 it's too far not be small see fast so that's where it will be uh if you get time go watch the video video by six o'clock and just time but if you don't get time no problem for middle of the day we'll come back
• 8:22
  You can go hustle for my daily 2K.