Up 9.7% in a day: chase it or wait?

Tuesday's top NGX gainers: Tripple Gee +9.77% (₦2.81), Livestock Feeds +9.74% (₦10.70) and NPF Microfinance Bank +9.52% (₦4.60). All this while the ASI slipped 0.16% for a fifth straight red day.

Moves close to the 10% daily limit are tempting. Before you buy, run a quick 3-step check:

1. Volume: was it real buying or just a few thin trades? Low-priced stocks can jump on small orders.
2. Reason: is there news behind it (results, dividend, a deal)? No news means a higher chance the move fades.
3. Size: if you still want in, start small. A spike isn't a strategy.

Watching how it trades over the next few sessions costs you nothing. And if you do buy, add it to your Gopexly portfolio so you can track how the decision plays out.

Which of these are you watching? Tell me in the comments 👇

0 views

0 Comments

Sort by:

No comments yet — be the first!