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Home Markets Fixed Income Securities

This Stock Has Now Gained 146% In August Alone….!

Nairametrics by Nairametrics
August 28, 2014
in Securities, Stock Market
This Stock Has Now Gained 146% In August Alone….!
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Last week I wrote about this stock and how it’s rising so fast you probably can’t get to it. It had gained 71% back then and it looked sure to go above 100% only that I didn’t know it will get to 146.75% and probably still climbing. The stock you rightly guessed is [upme_private] Premier Breweries and its has enjoyed a rally that in its 4th week.

Like I mentioned in a prior blog post the volume of trade is so small you probably can’t buy it. And even if you did buy it probably will be in very small volumes that will not amount to more than N100,000. Should I be worried about not getting in on the ride? Nope! Is this type of trade good for the stock market? I don’t think so. Who is pushing the prices up inadvertently or intentionally? Well, these days the buyer never knows who the sellers are and vice n versa. Is it a bubble? Very much so in my opinion at least till they release their results.

[table id=20 /]

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[/upme_private]

 

Tags: News ReviewNigerian Stocks
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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Comments 2

  1. Emmanuel says:
    October 30, 2014 at 5:19 pm

    I find Nairametrics posts very interesting and beneficial. I want to be a member.

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    • Nairametrics says:
      October 30, 2014 at 6:23 pm

      You can signup here https://nairametrics.com/register/

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