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InfoWARE Analyst Daily Market Report (15-Apr-2024 15:07:57.478)
(Source: InfoWARE Terminal, Date: 15-Apr-2024)
Dear Investor,
InfoWARE Analyst Daily Market Report - 15-Apr-2024 15:07:57.476

The Nigerian equities market recorded another down day, as the NGX All-Share Index (NGXASI) closed the day down by -0.52%, to bring the Year-to-Date returns up 33.94%. The All Share Index closed at 101,778.47 against the previous close of 102,314.56, volume traded decreased by -55.55% from 732.87M to 325.73M, while market turnover (the total value of shares traded) decreased by -67.09% from NGN21.44B to NGN7.05B in 10,529.00 deals.
Market breadth (0.25x) signified Thirteen (13) advancers, as against Fifty-two (52) decliners. Volume was up for 72 companies and down for 94


UPDC PLC (UPDC) topped the advancers list closing at N1.43 with a gain of 10.00% followed by MORISON INDUSTRIES PLC. (MORISON) which closed at N2.81 with a gain of 9.77%.

On the flip side NEWGOLD EXCHANGE TRADED FUND (ETF) (NEWGOLD) and FIDELITY BANK PLC (FIDELITYBK) topped the decliners log with a loss of -11.60% at a close of N22,100.01, and -10.00% to close the day at N9.00 respectively.

Top Gainers
SymbolLClose%Chg
UPDC1.4310.00
MORISON2.819.77
NEM10.408.90
GREENWETF988.888.08
DAARCOMM0.707.69
Top Losers
SymbolLClose%Chg
NEWGOLD22,100.01-11.60
FIDELITYBK9.00-10.00
MERGROWTH584.10-10.00
JAIZBANK2.05-9.69
RTBRISCOE0.54-8.47

For more detailed analysis,

  • On InfoWARE Market Data Terminal <TOPG> <GO>
  • On InfoWARE Finance Mobile App ( Android, iPhone & iPad and Windows 10) , "Top Gainers & Losers"


Currency Market
In the currency market, the Naira fell 1.20%(-9.54) sharply against the Dollar to settle at 803.42 to 1


Investment Insights - Top 5 Gainers YTD

These stocks are the best performers whose price has risen faster than the market as a whole with the best returns year to date. Momentum investors believe that stocks that have outperformed the market will often continue to do so because the factors that caused them to outperform will not suddenly disappear. In addition, other investors seeking to benefit from the stock’s outperformance will often purchase the stock, further bidding its price higher and pushing the stock higher still

NGX Top 5 Gainers YTD

For more detailed analysis,



NSE: Bull Signal - Price crossed above 15 Day MA

This signal implies these stocks are under buying pressure and the price might continue to rise and therefore positions should be monitored closely. Further suggested analysis include looking at the overall market (ASI) to see if the uptrend is market wide, sector wide or specific to the stock. Portfolio managers tend to use this as a signal to do more research to add to their positions or lock in some profits. Typically further analysis should be done using commands like PC and RV on the InfoWARE Market Data Terminal. Another command is ALERTS to set price triggers for possible exit or entry as necessary

For more detailed analysis,

  • On InfoWARE Market Data Terminal <NSEPERF> <GO>
  • On InfoWARE Finance Mobile App ( Android , iPhone & iPad and Windows 10) , "Top Gainers & Losers"
SymbolPrice%Chg15DMAPEEPSDivYMktCapVolTradesValueLstTradeTime
GREENWETF988.887.47944.720.000.0099.0011.0095.83K15-Apr-2024 14:30:36.323
FG202034S297.122.1196.180.000.004.50K2.004.33M15-Apr-2024 14:30:20.750
DANGCEM686.700.00682.13521.530.636.1011,701.72B925.62K106.00572.12M15-Apr-2024 14:30:36.630


NSE: BEAR Signal - Price crossed below 15 Day MA

This signal implies these stocks are under selling pressure and the price might continue to slide and therefore positions should be monitored closely. Further suggested analysis include looking at the overall market (ASI) to see if the downtrend is market wide, sector wide or specific to the stock. If the overal market trend is upwards, then since these stocks are heading in the opposite direction, then further analysis should be done using commands like PC and RV on the InfoWARE Market Data Terminal. Another command is ALERTS to set price triggers for possible exit is necessar

For more detailed analysis,

SymbolPrice%Chg15DMAPEEPSDivYMktCapVolTradesValueLstTradeTime
MANSARD5.50-3.645.6618.950.246.6749.50B756.61K60.004.14M15-Apr-2024 14:30:13.100
INTENEGINS1.43-4.901.500.492.853.601.84B1.22M14.001.75M15-Apr-2024 14:30:12.930
AIICO1.05-6.671.091.200.604.1738.44B9.80M150.0010.39M15-Apr-2024 14:30:11.843
TRANSCORP14.00-6.7914.140.000.000.80569.07B27.56M621.00396.17M15-Apr-2024 14:30:36.070
OMATEK0.79-7.590.815.370.100.002.32B1.97M43.001.60M15-Apr-2024 14:30:36.047
UNIVINSURE0.36-8.330.380.000.000.005.76B9.29M56.003.46M15-Apr-2024 14:30:16.697
RTBRISCOE0.54-9.260.560.000.0021.28635.23M505.29K19.00275.76K15-Apr-2024 14:30:15.813
FIDELITYBK9.00-11.119.888.031.172.66260.77B17.53M404.00161.26M15-Apr-2024 14:30:12.647
MERGROWTH584.10-11.11601.410.000.008.001.004.67K15-Apr-2024 14:30:36.353


Market Trend - ASI (NGX All-Share-Index) With 50 & 200 Day MAvgs Chart

Technical traders typically use the 50 & 200 day moving averages to aid in choosing where to enter or exit a position, which then causes these levels to act as strong support or resistance. As a general guideline, if the price is above a moving average, the trend is up. If the price is below a moving average, the trend is down.
It is important to note that critics of technical analysis say that moving averages act as support and resistance because so many traders use these indicators to inform their trading decisions. Also moving averages tend to work quite well in strong trending conditions but poorly in choppy or ranging conditions.
Trading Strategies: Crossovers
Crossovers are one of the main moving average strategies. The first type is a price crossover, which is when the price crosses above or below a moving average to signal a potential change in trend. Another strategy is to apply two moving averages to a chart: one longer and one shorter. When the shorter-term MA crosses above the longer-term MA, it is a buy signal, as it indicates that the trend is shifting up. This is known as a golden cross. Meanwhile, when the shorter-term MA crosses below the longer-term MA, it is a sell signal, as it indicates that the trend is shifting down. This is known as a dead/death cross

ASI (NGX All-Share-Index) With 50 & 200 Day MAvgs

For more detailed analysis,



Unusual Volume: Volume traded is more than double the 90 day moving average (All exchanges; ASI & ASem). For more detailed analysis,

SymbolNameVolume90DAvgVol%VolChgPriceLClose%ChgTradesValue
OANDOOANDO PLC22.66M8.62M163.0213.4012.556.77587307.71M
UACNU A C N PLC.12.22M1.94M530.6912.5012.80-2.3468152.80M
TIPTHE INITIATES PLC10.55M2.06M411.422.352.350.002124.74M
MTNNMTN NIGERIA PLC5.16M2.38M116.70227.00227.000.004521.17B
NGXGROUPNIGERIAN EXCHANGE GROUP4.67M1.70M175.2324.0024.000.0091112.13M


Investment Insights - High Div. Stocks

Dividend stocks distribute a portion of the company earnings to investors on a regular basis and they can a great choice for investors looking for regular income. As an investment or trading strategy, high dividend yield equities provide annual cash payments as against mostly capital gains in the price of a stock. The list in the table below represent the highest dividend paying stocks from the list of the most liquid stocks in the NSE top 30.

Top 10 high dividend yield stocks

For more detailed analysis,



Investment Insights - Stocks outperforming the ASI but with approximately the same risk

These list of stocks represent equities that are less risky than the ASI but doing better than the ASI (All Shares Index) using the YTD (Year to Date) returns as the measure. The risk is measured by Beta. Beta is an assessment of a stock's tendency to undergo price changes, (its volatility), as well as its potential returns compared to the ASI. It is expressed as a ratio, where a score of 1 represents performance comparable to the ASI, and returns above or below the market may receive scores greater or lower than 1.


For a full list of both positively and negatively corelated stocks visit InfoWARE Market Data Terminal

SymbolDivYieldPEEPSBeta%ChgYTDASIYTDReturnBetaDiff
UNIVINSURE0.000.000.000.7638.4633.940.24
NEM5.2615.480.370.6979.3133.940.31
VERITASKAP18.5210.970.020.6377.7833.940.37
NEWGOLD0.000.000.00-0.5748.8233.940.43
BUACEMENT2.670.000.000.5640.3933.940.44
VETINDETF0.000.4781.1333.940.53
JBERGER7.183.3810.31-0.4136.0533.940.59
SEPLAT1.159.31212.700.3345.8933.940.67
BUAFOODS2.220.000.000.3296.4333.940.68
VETGOODS0.000.2643.2333.940.74


African Markets
NameLCloseChange%Chg
BRVM Stock Exchange208.590.400.19
Botswana Stock Exchange8,741.6528.750.33
Egyptian Exchange20,002.10347.881.77
Ghana Stock Exchange3,141.18-0.63-0.02
Johannesburg Stock Exchange73,849.537.380.01
Lusaka Stock Exchange9,523.07108.271.15
Casablanca Stock Exchange12,278.5653.790.44
Malawi Stock Exchange115,209.51-80.70-0.07
Nigeria Stock Exchange67,100.49113.880.17
Nairobi Securities Exchange93.00-0.60-0.64
Namibian Stock Exchange1,593.55-4.96-0.31
Rwanda Stock Exchange143.69-0.07-0.05
Tunis Stock Exchange8,458.97-14.40-0.17
Uganda Securities Exchange923.89-1.30-0.14
Nigeria Market Indexes
SymbolLClose%ChgWTD%MTD%QTD%YTD%MktCapTrades
ASI101,778.47-0.520.00-2.62-2.6233.9410,529
NGX303,771.52-0.650.00-2.75-2.7532.856,735
NGXAFRBVI1,878.38-4.380.00-17.88-17.88-8.632,963
NGXAFRHDYI10,604.35-0.810.00-3.68-3.6843.422,647
NGXASEM1,504.550.000.000.000.00135.257
NGXBNK856.92-3.830.00-16.71-16.71-4.173,346
NGXCG2,235.79-2.560.00-12.42-12.420.826,417
NGXCNSMRGDS1,604.320.000.00-0.39-0.3942.561,328
NGXGROWTH5,709.900.000.000.140.14-2.8136
NGXINDUSTR4,816.72-0.010.00-0.39-0.3973.86414
NGXINS390.62-0.510.00-5.07-5.0720.31598
NGXLOTUSISLM6,260.18-0.290.00-1.01-1.0133.821,252
NGXMAINBOARD4,707.37-0.510.00-1.64-1.6432.567,176
NGXMERIGRW4,418.90-3.780.00-10.66-10.66-3.941,729
NGXMERIVAL5,836.65-0.660.00-4.85-4.8510.493,664
NGXOILGAS1,290.740.000.00-0.28-0.2823.30154
NGXPENBRD1,763.24-0.590.00-2.70-2.7032.558,778
NGXPENSION3,604.47-2.050.00-8.17-8.179.837,311
NGXPREMIUM9,902.20-0.550.00-3.83-3.8336.683,317
NGXSOVBND730.690.000.00-0.02-0.02-3.820

For more detailed analysis,

  • On InfoWARE Market Data Terminal <MKTINS> <GO>
  • On InfoWARE Finance Mobile App ( Android, iPhone & iPad and Windows 10) , "Market Indexes"

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