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InfoWARE Analyst Daily Market Report (02-May-2024 15:11:25.241)
(Source: InfoWARE Terminal, Date: 02-May-2024)
Dear Investor,
InfoWARE Analyst Daily Market Report - 02-May-2024 15:11:25.239

The Nigerian equities market recorded another up day, as the NGX All-Share Index (NGXASI) closed the day up by 0.55%, to bring the Year-to-Date returns up 29.97%. The All Share Index closed at 98,762.78 against the previous close of 98,225.63, volume traded increased by 20.90% from 549.45M to 664.30M, while market turnover (the total value of shares traded) decreased by -62.16% from NGN14.23B to NGN5.38B in 8,324.00 deals.
Market breadth (2.68x) signified Fifty-one (51) advancers, as against Nineteen (19) decliners. Volume was up for 78 companies and down for 83


VETIVA S & P NIGERIA SOVEREIGN BOND ETF (VSPBONDETF) topped the advancers list closing at N345.00 with a gain of 128.48% followed by PRESCO PLC (PRESCO) which closed at N229.90 with a gain of 10.00%.

On the flip side NATIONAL SALT CO. NIG. PLC (NASCON) and UNIVERSITY PRESS PLC. (UPL) topped the decliners log with a loss of -9.99% at a close of N47.30, and -9.29% to close the day at N2.05 respectively.

Top Gainers
SymbolLClose%Chg
VSPBONDETF345.00128.48
PRESCO229.9010.00
FLOURMILL33.5510.00
STERLINGNG4.749.98
DANGSUGAR42.759.90
Top Losers
SymbolLClose%Chg
NASCON47.30-9.99
UPL2.05-9.29
OMATEK0.69-9.21
NEIMETH1.80-9.09
CUTIX2.86-7.74

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
VSPBONDETF345.0056.23317.050.000.0036.003.0011.84K02-May-2024 14:30:46.850
FLOURMILL33.559.0931.6133.310.986.92137.57B953.98K33.0032.01M02-May-2024 14:30:18.433
PRESCO229.909.09228.3971.652.653.58229.90B226.90K25.0052.16M02-May-2024 14:30:20.737
FIDSON15.758.8915.3724.170.643.2236.15B362.80K38.005.24M02-May-2024 14:30:18.403
JAIZBANK2.148.882.0353.630.033.2373.92B3.21M86.006.84M02-May-2024 14:30:18.943
WAPIC0.698.700.6643.410.024.2916.55B876.38K36.00592.22K02-May-2024 14:30:46.070
PRESTIGE0.588.620.575.380.083.667.69B2.23M23.001.29M02-May-2024 14:30:45.950
FBNH25.004.4024.168.272.332.60897.38B8.24M339.00204.30M02-May-2024 14:30:46.960
TRANSCORP14.604.1114.090.000.000.80593.46B26.62M434.00377.40M02-May-2024 14:30:45.970
JAPAULGOLD1.984.041.900.1312.011.3212.40B3.35M101.006.32M02-May-2024 14:30:18.990
ACCESSCORP17.503.7117.456.112.811.74622.04B54.47M980.00954.62M02-May-2024 14:30:50.877
NGXMERIVAL5,886.642.645,751.1012.1338.380.000.0098.92M3,006.002.21B02-May-2024 14:30:34.450
NGXMERIGRW4,325.712.094,263.7234.89293.990.000.0038.22M1,321.00638.68M02-May-2024 14:30:34.413
NGXPENSION3,541.012.093,505.28429.80359.590.000.00182.59M5,889.004.19B02-May-2024 14:30:34.547
NGXGROWTH5,690.370.235,687.7818.830.180.000.002.44M54.004.72M02-May-2024 14:30:34.237
NEWGOLD22,999.990.0022,690.080.000.000.000.000.000.000.0002-May-2024 14:30:46.600


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
UNITYBNK1.79-3.351.8120.150.055.0020.92B1.30M66.002.31M02-May-2024 14:30:22.077
CHAMS1.74-8.051.8331.100.071.368.17B4.84M85.008.89M02-May-2024 14:30:17.297
CUTIX2.86-8.392.988.500.265.4110.07B1.11M21.003.22M02-May-2024 14:30:17.520
NEIMETH1.80-10.001.8595.200.024.467.69B307.50K6.00553.53K02-May-2024 14:30:19.913


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
ABBEYBDSABBEY BUILDING SOCIETY PLC362.82M26.15M1,287.322.502.500.0016907.05M
VERITASKAPVERITAS KAPITAL ASSURANCE PLC38.75M8.34M364.690.590.590.0010323.06M
NBNIGERIAN BREW. PLC.31.21M6.05M416.0125.6025.600.00191802.43M
DANGSUGARDANGOTE SUGAR REFINERY PLC7.30M3.47M110.0442.7538.909.90214311.10M
OMATEKOMATEK VENTURES PLC4.28M1.97M117.800.690.76-9.21433.11M


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
ASI98,762.780.550.820.00-5.5129.978,324
NGX303,658.580.660.890.00-5.6628.875,328
NGXAFRBVI1,731.003.694.830.00-24.32-15.792,535
NGXAFRHDYI10,413.790.631.560.00-5.4140.842,070
NGXASEM1,504.550.000.000.000.00135.256
NGXBNK799.153.204.960.00-22.33-10.632,693
NGXCG2,089.372.253.340.00-18.16-5.785,121
NGXCNSMRGDS1,554.670.58-0.230.00-3.4738.151,037
NGXGROWTH5,690.370.230.280.00-0.20-3.1554
NGXINDUSTR4,687.220.01-0.350.00-3.0769.19308
NGXINS382.150.670.830.00-7.1317.70576
NGXLOTUSISLM6,165.190.310.670.00-2.5131.79967
NGXMAINBOARD4,640.430.540.470.00-3.0430.675,334
NGXMERIGRW4,325.712.132.780.00-12.55-5.971,321
NGXMERIVAL5,886.642.723.370.00-4.0411.443,006
NGXOILGAS1,279.970.950.610.00-1.1122.27204
NGXPENBRD1,737.140.600.960.00-4.1430.597,240
NGXPENSION3,541.012.133.330.00-9.797.905,889
NGXPREMIUM9,661.190.571.600.00-6.1733.352,936
NGXSOVBND756.810.000.000.003.56-0.390

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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