Latest / Green Ticker Tales / NGX Premarket June 24, 2026

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NGX Premarket June 24, 2026 · Green Ticker Tales

• 0:00
  Good morning. Welcome to today's pre-market podcast. So, what's on my radar for today's trading session? First is Red Star Express. It was the world's performing stock yesterday. It fell by almost 10%, close at 24.95. I did a detailed model of it. So, if you have the time at about 6 o'clock Nigerian time, that's 6 a.m. West African time, the video should be out. So, Red Star Express, close at 24.95.
• 0:29
  uh that then caught my attention etel africa was the primary reason for the market having such a big bounce uh yesterday it was a big cap stock moving up sharply then of course you'd have um a bounce uh in the overall um index and that's what we had so the question would be if we don't have that bounce what are we going to see i think we may still close positive today but expect a much much slimmer margin
• 0:58
  What else on my radar? Aradale closed flat at 1750, 1750. But I saw a few trades below that. Question is, if we continue to have a sell pressure on that stock, at what point is the price going to dip? That is something to watch. Dangode Sugar, I traded large volumes. Today is the last day for its rise issue. So I expect to see some volumes in the stock today. And then usual stocks to watch.
• 1:27
  at the banking space you can't discuss nigerian equities market and not discuss the banking space it's mixed stills in a banking space you had more recovery in the big cap names your gtco and your zenith but for the likes of wema bank when my bank um continuing to drop when my bank fell by 90 copper closing at 29 naira so then that
• 1:54
  question would be, can we see this stock for further? I mean, it's trading almost two times book value. So actually, further tips are welcome, even though if you're going to use a PE ratio multiple, I think we might trade around four point something times any or five point something times any. So it's not really pricey. But that's always the conundrum in this market. Now, especially with the way stocks have run, sometimes you may just have to end up blending.
• 2:22
  uh different valuation methods and so maybe you can do that um maybe use a 5x 6x multiple p ratio multiple and then you can then use a book value and then see what that gives you that probably give you maybe 18 20 i don't know so that would be what's going to be on my radar for today's training session now you had wapco move afad africa move up slightly but that doesn't
• 2:50
  significantly change its um model in my view i'd refer to the the watchlist video i did for this week so overall is use your names you tend to watch uh in the market mtn nigeria i believe i saw a few sub 800 trades yesterday so let's see how uh mtn nigeria goes mtn nigeria is one of the stocks that tends to rule the market up or down it's a big cap stock
• 3:20
  uh so whatever direction we have there would influence the market but i don't anticipate a hl africa or something huge like that moving in the market if that doesn't happen expect a rather slim gain or worst case scenario maybe a slim um loss so that's pretty much about it ladies and gentlemen switching over to the pigeon english side of things my people morning aliens
• 3:44
  how yesterday market be where the market be make sense but the thing we see now one masquerade we really draw the market up than i tell africa if it's the color so as i tell move up by 10 percent markets and follow if you remove the movement or it's in a market for not to run and like that so let's see how today could be uh all the big big masquerades where they move markets some of them work out small yesterday you see the likes of uh gtco you see the likes of zenny bank the waka go up small
• 4:14
  so now to see whether they could work out go up today i rather oil and gas player the stock not move yesterday but you know say for stock to move you get some kind of volume where you need to see for the stock to move we'll not see the volume to move the stock about the price uh price waiting the trade during market just like say you know say for market uh which will be opening price and which will be closing price and which in price they do during the market whether that morning or afternoon or evening the difference so now so the stock market be
• 4:41
  Before the price could move, you're going to need 100K shares, 100,000 shares to trade for one single transaction as a regular price for the price to move. And so, as it not happen, I rather just stay where it is. But we'll see how the market will be. If we get the chance, by 1 o'clock Niger time, if we tune in here, we'll see what's going to happen. You know, see, how you're raising things and how things they show, it always is different. Now, market, sometimes now buyers, they get strained for market.
• 5:10
  sometimes our sellers against transfer market sometimes not both buyers and both sellers against transfer market and so now these thoughts at the touch light about how things could be we will see by 1 p.m nigerian time we will come back so kakowaka also for my daily 2k for the day go jam later be that