Latest / Green Ticker Tales / NGX Premarket May 22, 2026

Transcript

NGX Premarket May 22, 2026 · Green Ticker Tales

• 0:00
  Good morning. Welcome to today's pre-market coverage. It is raining cats and dogs at the moment. So just in case the rain escalates in velocity, try to jack up the volume on your end. So in any case, what am I going to be watching in the market today? First is the All Share Index went up by a few inches yesterday.
• 0:28
  I don't expect much movement in the market today. So either we kind of stay flat or have a slight decline. So those are my expectations for the market as a whole. In terms of individual names I'm looking at, I will be looking at, I have a couple of them here. I will discuss this further or in more depth at 6am. So do join the YouTube video. Go watch the video by 6am.
• 0:57
  at green ticker warrior there you can see more numbers you see more tables i try not to overbought in teams uh with numbers here uh so in any case our first on my watch list is international energy insurance ier insurance why am i watching this stock they have a public offer uh on at the moment uh the stock closed yesterday at three naira and uh 41 couple uh meanwhile
• 1:25
  uh the public offer i believe is for uh give me a minute my screen yeah it's for 320 cowboy shares so right now there's not much of a discount between the market price and the public offer i think that in the next few days we're going to see the market price go up because if if the market price on public offer essentially at par uh you're not going to see much traction there and this is a public offer
• 1:54
  So it's not a rights issue. If it's a rights issue, you may have current shareholders be a bit more agnostic when it comes to the market price. But since this is a public offer, it's for the general public. It's for anybody. I mean, existing shareholders, returning shareholders. If there's not much of a discount, I ask myself, why do I want to put my money in a public offer when I can get the right, I can get the correct stock?
• 2:22
  at the current market price for just barely 20 couple different it's not significant enough so that is a stock uh to watch in the coming of days i'm also looking at abc transport abc transport as was one of the top gainers yesterday uh it seems like this stock in my in my view it seems like this stock is overbought uh so at the point in time you should expect
• 2:51
  a pullback of some sort in abc uh transport uh fidelity is on my radar uh fidelity held an earnings call yesterday uh kudos to them on that and interestingly and i shared this in the daily market uh summary video of yesterday if you go to the very last page of the fidelity ir presentation they've given the targets return on average equity targets uh profit before tax target
• 3:20
  and it's a great call i hope management can do the needful and have the audio up as soon as possible but for the dividend lovers and there's enough context there so i'm going to be watching uh we didn't see our fidelity price move yesterday if i'm correct uh there was not much of a movement in fidelity's uh share price but i think money in fact the stock goes flat which is interesting but in any case
• 3:48
  at 23 and 50 couple i think the 29 range is a good range probably gets into that stock because if they can they can achieve the goal of 500 billion profit before tax um that gives you an idea of uh what what's likely to be eps and from eps you can kind of work out what baseline scenarios for enemies but in any case i'm also waiting for q1 numbers from fidelity bank
• 4:17
  I don't know when those numbers will drop. I think they should drop anytime from now. It would have made sense if those numbers had dropped yesterday. But I guess, well, maybe they're not ready or management has their reasons. FCMB is also on my radar. FCMB is yet to drop AFS 2025 and Q1 2026 numbers. So stock is firmly on my radar. D2 for Aradale, ladies and gentlemen. I think between now and next week.
• 4:46
  we should have aradel fy25 or the dead numbers like q126 um numbers so those are just some of the stocks on my radar and then the usual the the usual set of frames i kind of watch i have anyone who's watching the market you know i pay attention to uh the farmer space the previous space i will have nine minutes at dps today and you also had a big dip in me and baker and so i'll be doing my usual table running through the table i have
• 5:14
  putting all the three stocks together uh diamonds may and baker mikio which um closed flat and uh i'm forgetting one nine months may and baker mikio and fitting how did we do yesterday fitting was flat as well so um the usual names i'm looking at and it seems like there is some rotation into the small cap stocks i don't know when that rotation will end because i'm seeing some of the top performing stocks yesterday
• 5:45
  a small uh small cap stocks i mean academy press so i don't know what's happening in the promise by publishing space there's some yo-yo movements you have land africa dipping by nine point nine six percent you have academy press uh pushing uh by nine point seven four percent so all those thoughts remain on my radar uh join me at 6 a.m nigerian time you probably have more context with the tables and let's see how today goes let's hope that today is a profitable one
• 6:14
  or at least a flat is there. But it depends on what side of the aisle you are. For those who are looking for bargains, maybe 5%, 6% deep in some of these stocks would clearly be bargains. I mean, you have NACO at 201.9. So NACO, it seems like the 200 Naira, 190, 195, 198, 199 zone, it seems like those are support zones for NACO. So that's a stock you want to watch. The usual...
• 6:44
  big cap names eyes firmly there because if you have a upward or downward movement in those names you're going to have a pullback or rise in the market i mean a couple of days ago was a drop in bua cement that led to the market uh closing in the red and so if you have any movement in those names your dango the cement your aradel your bua cement mcn nigeria upward or downward movements in those names i will lead to an upward or downward movement in the index
• 7:12
  as a whole ladies and gentlemen catch you at 6 a.m and during time with the video version and if you don't have the time we hope you join by 1 p.m and during time where we're looking at the market at midday thank you for listening and stay safe