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InfoWARE Analyst Daily Market Report (18-Apr-2024 15:10:24.683)
(Source: InfoWARE Terminal, Date: 18-Apr-2024)
Dear Investor,
InfoWARE Analyst Daily Market Report - 18-Apr-2024 15:10:24.682

The Nigerian equities market recorded another down day, as the NGX All-Share Index (NGXASI) closed the day down by -0.06%, to bring the Year-to-Date returns up 31.39%. The All Share Index closed at 99,845.91 against the previous close of 99,908.89, volume traded decreased by -11.27% from 319.80M to 283.78M, while market turnover (the total value of shares traded) decreased by -5.63% from NGN5.75B to NGN5.43B in 7,475.00 deals.
Market breadth (0.64x) signified Twenty-five (25) advancers, as against Thirty-nine (39) decliners. Volume was up for 75 companies and down for 91


GUINNESS NIG PLC (GUINNESS) topped the advancers list closing at N55.00 with a gain of 10.00% followed by NEIMETH INTERNATIONAL PHARMACEUTICALS PLC (NEIMETH) which closed at N1.80 with a gain of 9.76%.

On the flip side MERISTEM VALUE EXCHANGE TRADED FUND (MERVALUE) and VETIVA GRIFFIN 30 ETF (VETGRIF30) topped the decliners log with a loss of -10.00% at a close of N495.00, and -10.00% to close the day at N33.21 respectively.

Top Gainers
SymbolLClose%Chg
GUINNESS55.0010.00
NEIMETH1.809.76
MORISON3.729.73
INTENEGINS1.419.30
REGALINS0.398.33
Top Losers
SymbolLClose%Chg
MERVALUE495.00-10.00
VETGRIF3033.21-10.00
STANBICETF30637.19-10.00
GREENWETF721.00-9.99
UCAP18.10-9.73

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
FGSUK2025S2108.809.01102.050.000.001.001.001.09K18-Apr-2024 14:30:18.157
NEIMETH1.808.891.7895.200.024.467.69B255.10K13.00450.34K18-Apr-2024 14:30:12.760
NGXSOVBND756.813.45732.490.000.000.000.001.001.001.30K18-Apr-2024 14:30:21.437


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
FGSUK2027S375.00-3.8077.810.000.001.00K1.00750.00K18-Apr-2024 14:30:18.170
LOTUSHAL1525.00-5.6025.490.000.003.02K2.0075.53K18-Apr-2024 14:30:51.057


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
TIPTHE INITIATES PLC8.25M2.20M275.602.082.26-7.963218.05M
UNILEVERUNILEVER NIGERIA PLC.2.37M978.76K142.5114.0014.000.008032.07M
INTENEGINSINTERNATIONAL ENERGY INSURANCE COMPANY PLC2.12M650.53K225.581.411.299.30252.81M
BERGERBERGER PAINTS PLC268.91K125.15K114.8715.2015.200.00284.06M
ACADEMYACADEMY PRESS PLC.256.10K106.14K141.281.911.910.0017532.95K


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,



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
ASI99,845.91-0.06-1.90-4.47-4.4731.397,475
NGX303,700.44-0.01-1.88-4.58-4.5830.355,130
NGXAFRBVI1,745.18-0.69-7.09-23.70-23.70-15.102,706
NGXAFRHDYI10,440.88-0.12-1.54-5.16-5.1641.212,429
NGXASEM1,504.550.000.000.000.00135.257
NGXBNK811.42-0.63-5.31-21.14-21.14-9.262,726
NGXCG2,143.58-0.47-4.12-16.04-16.04-3.344,883
NGXCNSMRGDS1,589.440.14-0.93-1.31-1.3141.24811
NGXGROWTH5,687.65-0.26-0.39-0.25-0.25-3.1934
NGXINDUSTR4,686.590.00-2.70-3.08-3.0869.17253
NGXINS380.180.03-2.67-7.61-7.6117.09363
NGXLOTUSISLM6,180.50-0.07-1.27-2.27-2.2732.12669
NGXMAINBOARD4,665.51-0.13-0.89-2.51-2.5131.384,871
NGXMERIGRW4,191.530.22-5.15-15.26-15.26-8.88973
NGXMERIVAL5,680.56-0.02-2.67-7.39-7.397.533,068
NGXOILGAS1,290.740.000.00-0.28-0.2823.30110
NGXPENBRD1,745.81-0.05-0.99-3.66-3.6631.246,495
NGXPENSION3,506.55-0.19-2.72-10.67-10.676.855,433
NGXPREMIUM9,780.730.05-1.23-5.01-5.0135.002,570
NGXSOVBND756.813.573.573.563.56-0.391

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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