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Stephen
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Stephen
@ScFidelis
Business | Money | Stocks |Wealth-building through markets| Breaking down money moves|
Lagos, Nigeria Bergabung Kasım 2010
762 Mengikuti15.4K Pengikut

UCAP recognizes the jewel in NGX.
Key market initiatives like more pension participation, T+1 settlement, market development effort towards more listing, possible intra-Africa trade in the future, are material changes that benefits NGX.
The NGX is pretty much on a trajectory to something great.
Tuchel@Officially_Kriz
United Capital Plc has announced the acquisition of 5% stake in NGX, securing a significant ownership in the Cornerstone of Nigeria's capital market infrastructure.
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@gOkEspark No, that’s not what I twitted. The post is pretty obvious. If you choose to give it your own meaning, that’s on you.
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@ScFidelis @benawoks You ain’t smart enough to justify your position. Noted 👍🏼
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@ScFidelis Valuation and Actual Volume is different. Making a total revenue of 1 TrillionGDP) and valuation of a business @ 1 Trillion(Valuation) is not the same thing.
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The comparison is misleading because Elon Musk’s $1 trillion is an estimated net worth based on asset valuations, while Nigeria’s $1 trillion target refers to actual annual economic output. One represents the estimated value of assets, the other measures the value of goods and services produced, making them fundamentally different metrics.
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Stephen me-retweet

The index says -2.3% MTD.
StockBubbles shows what that actually looks like.
🔴 Red bubbles dominate the screen.
🔴 Former leaders like FIDSON (-25.9%), ACADEMY (-18.6%), UHOMREIT (-17.4%) and NEIMETH (-17.0%) have seen sharp pullbacks.
🟢 A few pockets of strength remain (ABBEYBDS +83.9%, INTENEGINS +43.1%, INFINITY +20.3%), but they're increasingly the exception.
The market may still be +57% YTD, but June has clearly been a month of profit-taking.
Trade NGX stocks instantly with HISA ⚡
click.hisa.co/7fkf/stockbubb…

Stephen@ScFidelis
NGX opens the week at: • +57.27% YTD • ₦156.97 trillion market cap • ASI above 244,000 Yet June tells a different story. The market is down 2.3% MTD and ₦3.5 trillion has been wiped off market value. Momentum appears to be cooling.
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@FinPlanKaluAja1 That’s so unmotivating. No price money for second position in Nigeria football leage @PoojaMedia 😳
Explains all the match fixing in the league.
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@FinPlanKaluAja1 We are running a league of zero commercial value @PoojaMedia
That’s so sad.
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Stephen me-retweet

Hi,
I get the idea of what you’re trying to do. Yes, you can compound for that long.
Typically, the interest adds up to the principal every quarter. And you can auto-reinvest so that the process runs on autopilot for the 5,10,20years you want to compound for.
Now, can the account go dormant? No.
However, it is not out of place for the Fund Manager to ask you for updated KYC after a long period of inactivity. This is to confirm authenticity of the account holder.
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@ScFidelis Hello. Can an individual's money market fund or other mutual funds account go dormant if it sees no activity for a period, like bank account?
Or can one just leave a lump sum in a mutual fund for 20 to 30 years etc hoping it would have compounded well quarterly or monthly?
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SpaceX IPO!!!
I’m gonna watch this trend to track if history will repeat itself or not.
Rand Group@randgroup
Every IPO in history follows the same script: SpaceX won't be different
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