Slap the ring
Trader's diary is a weekly column i used to do and I'm reviving. It covers bits and pieces that occurred daily, and won't fit into my Bulls and Bears newsletters.
Monday June 16
Ice Prince and Chopstix Slap the ring on repeat. Cardi B and his Friday circular rocking banking stocks. Downside seems muted. Bank investor relations units yet to issue responses. To enter for Jijo or wait till H1 2025 numbers.
Iran seeking a descalation? Seems early? Al Jazeera says wsj report was fake news. Crude oil price pulling back.
Lasgidi and traffic. Driver or passenger, you still feel the stress in your bones. I need a Lexus suv mehn.
Less sugar in my bread? Economy or health reasons?
Naija Inflation pace eases tp 22.97% I need to read the entire document.
Fidson still pushing higher. When will the rally lose steam?
FCMB presser floating around in the evening. Looks authentic. 200 plus billion loan moving to stage 3. How much of that will be written off and when? Are the private placement and credit direct part sale still on board?
Decent recap report. Will there be more blood on the streets?
Pbat to visit Benue on Wednesday.
Tuesday June 17
Up at 4.30am. Trump abruptly returns to US from G7 summit. What's cooking ? Active involvement in the Israel Iran conflict? Will the US directly bomb Iranian nuclear enrichment facilities?
Bank of Japan leaves interest rates unchanged.
Crypto markets unchanged.
No IR presser on the NGX.
US. Dax. Cac 40. Eurostox 500 futures in the red. Vix in the green. Why is the footsie in the green?
Rain today. Please be light. Less blood in banking stocks on the NGX. Justin sun considering listing in the us via reverse acquisition. Dodgy guy.
Fcmb drops the floating press release after market. Same content but signed.
Brent trading at $76. Up 4.51%.
Livesqwack tweet saying US could hit Iran this night.
Crypto market softening. Bitcoin trading at $104k ish.
To stay up all night or to set multiple buy orders?
Wednesday June 18
VIX up 13%. Why is risk spiking when neither Iran or US have taken action?
Sweden cuts interest rate.
Zenith Bank with an empty statement. Access Bank same thing.
Conoil dropped audited FY 24 results midway through a fresh year. SMH. N3.50 dividend. Same as last year.
Fed leaves interest rates unchanged as expected.
Thursday June 19
Iran missile strikes Israel stock exchange.
Swiss bank cuts interest rate to 0. First Bank with a confusing statement. Cagey as usual. Conoil Q1 25. Big dip yoy due to spike in finance costs.
Sterling bank considering dollar raise.
Another strong trading day on the ngx.
Friday June 20
GTCO and Stanbic IBTC on the race to N100. Which will get there first? I need to work out BVPS.
SEC Nigeria out with a circular on directorships. The red gangs may be affected. Will there be holdco moves.
No news yet from other banks. Hmm.
Crypto market seems to have stalled.