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InfoWARE Analyst Daily Market Report (17-Apr-2024 15:08:04.126)
(Source: InfoWARE Terminal, Date: 17-Apr-2024)
Dear Investor,
InfoWARE Analyst Daily Market Report - 17-Apr-2024 15:08:04.124

The Nigerian equities market recorded another up day, as the NGX All-Share Index (NGXASI) closed the day up by 0.10%, to bring the Year-to-Date returns up 31.48%. The All Share Index closed at 99,909.54 against the previous close of 99,808.34, volume traded decreased by -20.29% from 401.19M to 319.80M, while market turnover (the total value of shares traded) decreased by -30.71% from NGN8.30B to NGN5.75B in 8,816.00 deals.
Market breadth (0.75x) signified Thirty (30) advancers, as against Forty (40) decliners. Volume was up for 68 companies and down for 98


IKEJA HOTEL PLC (Ikejahotel) topped the advancers list closing at N7.26 with a gain of 10.00% followed by FIDELITY BANK PLC (FIDELITYBK) which closed at N8.90 with a gain of 9.88%.

On the flip side FGS202657 (FGS202657) and GREENWICH ASSET ETF (GREENWETF) topped the decliners log with a loss of -30.00% at a close of N70.00, and -10.00% to close the day at N801.00 respectively.

Top Gainers
SymbolLClose%Chg
Ikejahotel7.2610.00
FIDELITYBK8.909.88
ACADEMY1.919.77
MORISON3.399.71
PRESTIGE0.599.26
Top Losers
SymbolLClose%Chg
FGS20265770.00-30.00
GREENWETF801.00-10.00
LIVESTOCK1.44-10.00
INTENEGINS1.29-9.79
CWG6.45-9.79

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


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
IKEJAHOTEL7.269.096.8327.060.161.6715.09B1.14M56.008.29M17-Apr-2024 14:30:07.883
PRESTIGE0.598.470.585.380.083.667.82B1.12M9.00578.84K17-Apr-2024 14:30:08.770
FGSUK2033S6101.000.99100.270.000.00637.001.00643.37K17-Apr-2024 14:30:16.277
FG192053S384.860.0084.860.000.000.000.000.0017-Apr-2024 14:30:14.477


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
NGXGROWTH5,702.49-0.135,706.2818.830.180.000.004.49M12.0010.21M17-Apr-2024 14:30:16.900
CUSTODIAN9.00-0.569.032.133.292.1452.94B777.13K21.007.00M17-Apr-2024 14:30:07.203
OANDO11.90-1.6811.943.812.537.25147.93B8.61M223.00100.33M17-Apr-2024 14:30:25.170
TIP2.26-3.982.310.002.01B4.44M6.0010.04M17-Apr-2024 14:30:27.487
NGXGROUP21.85-6.1822.920.000.001.1142.92B309.89K14.006.84M17-Apr-2024 14:30:25.157
SOVRENINS0.44-9.090.4711.530.039.095.00B2.36M7.001.04M17-Apr-2024 14:30:08.947
CWG6.45-10.856.860.000.000.4816.29B1.88M56.0012.54M17-Apr-2024 14:30:25.137


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
FTNCOCOAFTN COCOA PROCESSORS PLC10.58M3.18M233.231.301.44-9.727714.13M
LIVESTOCKLIVESTOCK FEEDS PLC.4.68M1.86M151.691.441.60-10.00606.77M
TIPTHE INITIATES PLC4.44M2.18M103.872.262.35-3.83610.04M
CWGCOMPUTER WAREHOUSE GROUP PLC1.88M868.67K116.756.457.15-9.795612.54M
INTENEGINSINTERNATIONAL ENERGY INSURANCE COMPANY PLC1.31M628.67K108.611.291.43-9.79361.69M


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
UNIVINSURE0.000.000.000.7634.6231.480.24
NEM5.2615.480.370.6979.3131.480.31
VERITASKAP18.5210.970.020.6366.6731.480.37
NEWGOLD0.000.000.00-0.5734.6931.480.43
BUACEMENT2.670.000.000.5640.3931.480.44
VETINDETF0.000.4778.1131.480.53
JBERGER7.183.3810.31-0.4136.0531.480.59
SEPLAT1.159.31212.700.3345.8931.480.67
BUAFOODS2.220.000.000.3296.4331.480.68
VETGOODS0.000.2639.7231.480.74


Chart of the day: OPEC Basket Price Vs ASI (365 Day Chart)

The OPEC basket is a weighted average of oil prices from the different OPEC members around the world. The basket is a benchmark, or reference point, for those monitoring the price of oil and the stability of the global oil market. Today, the OPEC basket averages the prices from Algeria, Angola, Ecuador, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and Venezuela. These fourteen countries represent the membership of OPEC. Many other countries throughout the world also produce oil. However, they are not OPEC members. Russia, the U.S., China, and Canada are all major oil producers but not OPEC members. OPEC?s member countries produce in total 40 percent of the world?s oil. (Definition Source: Investopedia.com)


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

OPEC Basket Price Vs ASI (365 Day Chart)

For more detailed analysis,


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
ASI99,909.540.10-1.84-4.41-4.4131.488,816
NGX303,700.680.15-1.88-4.57-4.5730.366,079
NGXAFRBVI1,757.37-0.55-6.44-23.17-23.17-14.513,485
NGXAFRHDYI10,452.92-0.19-1.43-5.05-5.0541.373,122
NGXASEM1,504.550.000.000.000.00135.257
NGXBNK816.541.10-4.71-20.64-20.64-8.683,620
NGXCG2,153.810.81-3.67-15.63-15.63-2.885,972
NGXCNSMRGDS1,587.26-0.05-1.06-1.45-1.4541.05947
NGXGROWTH5,702.49-0.13-0.130.010.01-2.9412
NGXINDUSTR4,686.670.00-2.70-3.08-3.0869.17217
NGXINS380.060.58-2.70-7.64-7.6417.06458
NGXLOTUSISLM6,184.620.06-1.21-2.20-2.2032.20868
NGXMAINBOARD4,671.71-0.04-0.76-2.38-2.3831.555,200
NGXMERIGRW4,182.270.98-5.36-15.45-15.45-9.091,128
NGXMERIVAL5,681.77-0.07-2.65-7.37-7.377.563,902
NGXOILGAS1,290.740.000.00-0.28-0.2823.30108
NGXPENBRD1,746.640.14-0.94-3.61-3.6131.307,633
NGXPENSION3,513.150.60-2.53-10.50-10.507.056,451
NGXPREMIUM9,776.260.32-1.27-5.05-5.0534.943,604
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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