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InfoWARE Analyst Daily Market Report (23-Apr-2024 15:07:39.325)
(Source: InfoWARE Terminal, Date: 23-Apr-2024)
Dear Investor,
InfoWARE Analyst Daily Market Report - 23-Apr-2024 15:07:39.324

The Nigerian equities market recorded another down day, as the NGX All-Share Index (NGXASI) closed the day down by -0.35%, to bring the Year-to-Date returns up 30.69%. The All Share Index closed at 99,311.54 against the previous close of 99,665.05, volume traded increased by 48.47% from 305.21M to 453.15M, while market turnover (the total value of shares traded) increased by 40.50% from NGN5.14B to NGN7.22B in 7,171.00 deals.
Market breadth (0.50x) signified Twenty-one (21) advancers, as against Forty-two (42) decliners. Volume was up for 82 companies and down for 78


SUNU ASSURANCES NIGERIA PLC. (SUNUASSUR) topped the advancers list closing at N1.10 with a gain of 10.00% followed by GREENWICH ASSET ETF (GREENWETF) which closed at N957.99 with a gain of 9.86%.

On the flip side MERISTEM VALUE EXCHANGE TRADED FUND (MERVALUE) and HONEYWELL FLOUR MILL PLC (HONYFLOUR) topped the decliners log with a loss of -10.00% at a close of N400.50, and -9.89% to close the day at N3.19 respectively.

Top Gainers
SymbolLClose%Chg
SUNUASSUR1.1010.00
GREENWETF957.999.86
JAPAULGOLD2.019.84
CAP26.259.38
OMATEK0.839.21
Top Losers
SymbolLClose%Chg
MERVALUE400.50-10.00
HONYFLOUR3.19-9.89
FBNH21.90-9.88
OANDO10.10-9.82
FTNCOCOA1.35-9.40

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
GREENWETF957.998.98905.800.000.0020.002.0019.16K23-Apr-2024 14:30:34.997
JAPAULGOLD2.018.961.960.1312.011.3212.59B8.31M139.0016.51M23-Apr-2024 14:30:34.727
OMATEK0.838.430.825.370.100.002.44B760.45K13.00627.80K23-Apr-2024 14:30:16.620
PRESTIGE0.608.330.575.380.083.667.95B140.26K7.0081.58K23-Apr-2024 14:30:16.783
CHAMPION3.687.613.54385.030.010.4428.81B151.30K10.00553.52K23-Apr-2024 14:30:14.007
WAPCO36.006.9434.9910.122.876.90579.88B10.01M157.00360.53M23-Apr-2024 14:30:35.320


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
FGS202423103.350.00103.350.000.000.000.000.0023-Apr-2024 14:30:22.617
UNIVINSURE0.36-5.560.370.000.000.005.76B50.84M73.0019.13M23-Apr-2024 14:30:18.090
NEWGOLD23,000.00-7.3924,309.080.000.000.000.0015.004.00353.69K23-Apr-2024 14:30:35.063
THOMASWY1.97-8.632.070.000.000.49433.40M145.11K2.00285.87K23-Apr-2024 14:30:17.233


Economic Indicators - Nigeria FX Reserves Vs ASI Chart

Nigeria FX Reserves are assets held on reserve by CBN in foreign currencies. These reserves are used to back liabilities and influence monetary policy. Given the nature of the Nigeria economy, FX Reserves can appear to have an outsize influence on the economy and hence on the capital market. The chart below allows comparison of FX Reserves against the ASI to make investment decisions

Economic Indicators - Nigeria FX Reserves Vs ASI Chart

For more detailed analysis,



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
TRANSCORPTRANSNATIONAL CORPORATION OF NIGERIA PLC125.70M46.00M173.2814.9014.403.474671.89B
UNIVINSUREUNIVERSAL INSURANCE COMPANY PLC50.84M15.25M233.390.360.38-5.267319.13M
TIPTHE INITIATES PLC35.54M2.46M1,347.481.801.800.002664.01M
WAPCOLAFARGE WAPCO PLC.10.01M3.11M221.6236.0033.507.46157360.53M
RTBRISCOER T BRISCOE PLC.3.43M695.54K393.640.640.640.00572.29M


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
ASI99,311.54-0.35-0.40-4.98-4.9830.697,171
NGX303,685.22-0.31-0.31-4.97-4.9729.815,207
NGXAFRBVI1,708.56-2.58-2.58-25.30-25.30-16.892,699
NGXAFRHDYI10,431.33-0.39-0.39-5.25-5.2541.082,009
NGXASEM1,504.550.000.000.000.00135.257
NGXBNK775.45-2.94-2.94-24.63-24.63-13.282,851
NGXCG2,087.62-2.11-2.11-18.23-18.23-5.864,680
NGXCNSMRGDS1,576.09-0.80-0.80-2.14-2.1440.05549
NGXGROWTH5,662.51-0.04-0.04-0.69-0.69-3.6235
NGXINDUSTR4,703.480.310.31-2.73-2.7369.78286
NGXINS381.44-0.51-0.51-7.31-7.3117.48313
NGXLOTUSISLM6,223.340.680.68-1.59-1.5933.03849
NGXMAINBOARD4,647.04-0.21-0.28-2.90-2.9030.864,228
NGXMERIGRW4,173.82-0.77-0.77-15.62-15.62-9.271,125
NGXMERIVAL5,705.710.330.33-6.98-6.988.012,992
NGXOILGAS1,290.740.000.00-0.28-0.2823.30124
NGXPENBRD1,737.78-0.36-0.36-4.10-4.1030.646,332
NGXPENSION3,456.24-1.27-1.27-11.95-11.955.325,449
NGXPREMIUM9,706.87-0.58-0.58-5.73-5.7333.982,908
NGXSOVBND756.810.000.003.563.56-0.390

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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