Before it's here, it's on InfoWARE Market Data Terminal; Years of Fundamentals, Analytics and more... VSPBONDETF 50.00  PZ 9.92  JBERGER 9.53  STANBICETF30 8.49  STERLINGNG 6.67  FCMB 5.26  JAIZBANK 4.55  UBA 4.55  OANDO 4.52  FTNCOCOA 3.60  GREENWETF -10.00  TRANSCOHOT -9.72  NEM -9.63  UPDCREIT -9.57  ETERNA -9.35  TANTALIZER -9.09  REGALINS -8.82  RTBRISCOE -8.77  NPFMCRFBK -8.16  NEIMETH -8.11 
Get IDIA - the stock trading app for the modern investor
InfoWARE Analyst Daily Market Report (06-May-2024 15:08:11.615)
(Source: InfoWARE Terminal, Date: 06-May-2024)
Dear Investor,
InfoWARE Analyst Daily Market Report - 06-May-2024 15:08:11.613

The Nigerian equities market recorded another down day, as the NGX All-Share Index (NGXASI) closed the day down by -0.89%, to bring the Year-to-Date returns up 29.89%. The All Share Index closed at 98,703.68 against the previous close of 99,587.25, volume traded decreased by -5.68% from 445.33M to 420.03M, while market turnover (the total value of shares traded) increased by 25.86% from NGN7.02B to NGN8.83B in 10,483.00 deals.
Market breadth (1.86x) signified Fifty-four (54) advancers, as against Twenty-nine (29) decliners. Volume was up for 86 companies and down for 75


CORNERSTONE INSURANCE COMPANY PLC. (CORNERST) topped the advancers list closing at N1.98 with a gain of 10.00% followed by GUINEA INSURANCE PLC. (GUINEAINS) which closed at N0.33 with a gain of 10.00%.

On the flip side AIRTEL AFRICA PLC (AIRTELAFRI) and MERISTEM GROWTH EXCHANGE TRADED FUND (MERGROWTH) topped the decliners log with a loss of -10.00% at a close of N1,980.00, and -10.00% to close the day at N450.00 respectively.

Top Gainers
SymbolLClose%Chg
CORNERST1.9810.00
GUINEAINS0.3310.00
VETGRIF3040.0410.00
OANDO9.959.94
NASCON47.009.94
Top Losers
SymbolLClose%Chg
AIRTELAFRI1,980.00-10.00
MERGROWTH450.00-10.00
FGS20276090.04-9.96
BERGER12.35-9.85
IMG12.40-9.82

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
CORNERST1.989.091.874.100.354.1735.97B973.33K25.001.92M06-May-2024 14:30:19.950
WEMABANK7.558.616.93125.360.046.0497.08B3.32M117.0024.61M06-May-2024 14:30:23.500
FTNCOCOA1.478.161.410.000.001.625.73B3.90M70.005.68M06-May-2024 14:30:20.540
NEIMETH1.858.111.8495.200.024.467.91B587.36K18.001.08M06-May-2024 14:30:21.747
DANGSUGAR50.907.6647.1620.323.062.41618.28B3.61M305.00179.93M06-May-2024 14:30:20.103
WAPCO35.006.1434.1710.122.876.90563.77B1.84M158.0063.23M06-May-2024 14:30:48.307
TRANSCOHOT101.905.3096.8690.870.490.291,043.71B402.38K94.0037.69M06-May-2024 14:30:22.973
MTNN215.500.23215.2722,995.280.012.394,386.40B1.90M332.00409.62M06-May-2024 14:30:48.193
TIP2.000.001.990.001.78B237.87K17.00479.28K06-May-2024 14:30:52.223


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
DANGCEM656.700.00658.70521.530.636.1011,190.50B2.36K50.001.39M06-May-2024 14:30:48.100
FG202034S297.330.0097.400.000.000.000.000.0006-May-2024 14:30:29.043
NEM10.350.0010.3615.480.375.2651.92B17.58K8.00164.39K06-May-2024 14:30:21.780
NGXLOTUSISLM6,141.94-0.896,181.141,270.9362.770.000.0022.01M1,306.00812.77M06-May-2024 14:30:31.917
ASI98,703.68-0.9099,235.4611.84457.690.000.00420.03M10,483.008.83B06-May-2024 14:30:31.583
NGXPENBRD1,735.85-0.961,736.55348.78389.180.000.00353.91M9,465.008.70B06-May-2024 14:30:32.320
NGX303,652.36-1.063,676.31575.61329.080.000.00280.29M7,269.008.31B06-May-2024 14:30:31.600
FGSUK2027S380.00-1.2580.040.000.0077.003.0061.60K06-May-2024 14:30:30.703
NGXMAINBOARD4,584.37-1.844,648.1012.90225.050.000.00231.85M6,774.004.03B06-May-2024 14:30:31.980
CUTIX2.85-5.262.948.500.265.4110.04B1.38M41.004.02M06-May-2024 14:30:20.010
IKEJAHOTEL6.75-7.567.1827.060.161.6714.03B576.40K39.003.84M06-May-2024 14:30:46.733
NSLTECH0.54-9.260.580.000.0035.713.04B308.59K14.00168.37K06-May-2024 14:30:22.030
FGSUK2033S690.00-9.4497.470.000.00916.001.00824.40K06-May-2024 14:30:30.760
INTBREW4.35-9.894.560.000.005.56116.85B2.65M69.0011.50M06-May-2024 14:30:46.833
INTENEGINS1.26-10.321.340.492.853.601.62B849.66K22.001.09M06-May-2024 14:30:20.940


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
ACCESSCORPAccess Holdings PLC98.24M32.96M198.0117.9517.403.161,2091.76B
UNIVINSUREUNIVERSAL INSURANCE COMPANY PLC30.40M12.30M147.170.360.360.005711.40M
AIICOAIICO INSURANCE PLC.20.73M8.30M149.751.000.982.0414821.03M
PRESCOPRESCO PLC3.09M141.18K2,087.11265.00252.804.83270835.59M
UPDCREITUPDC REAL ESTATE INVESTMENT TRUST2.23M892.95K150.124.804.457.874110.60M


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
NAHCO5.0058.490.410.9036.6129.890.10
UNIVINSURE0.000.000.000.7638.4629.890.24
NEM5.2615.480.370.6978.4529.890.31
VERITASKAP18.5210.970.020.6361.1129.890.37
NEWGOLD0.000.000.00-0.5754.8829.890.43
BUACEMENT2.670.000.000.5640.3929.890.44
PRESCO3.5871.652.650.5329.9029.890.47
VETINDETF0.000.4781.1329.890.53
JBERGER7.183.3810.31-0.4168.3729.890.59
SEPLAT1.159.31212.700.3342.4829.890.67


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
ASI98,703.68-0.890.00-0.06-5.5629.8910,483
NGX303,652.36-1.050.00-0.17-5.8228.657,269
NGXAFRBVI1,865.082.240.007.75-18.46-9.273,556
NGXAFRHDYI10,611.420.420.001.90-3.6143.522,939
NGXASEM1,504.550.000.000.000.00135.255
NGXBNK857.992.560.007.36-16.61-4.053,538
NGXCG2,210.862.100.005.81-13.40-0.306,530
NGXCNSMRGDS1,575.670.580.001.35-2.1740.021,287
NGXGROWTH5,677.960.000.00-0.22-0.42-3.3640
NGXINDUSTR4,699.070.250.000.25-2.8269.62381
NGXINS393.252.030.002.90-4.4421.12520
NGXLOTUSISLM6,141.94-0.880.00-0.38-2.8831.291,306
NGXMAINBOARD4,584.37-1.800.00-1.21-4.2129.096,774
NGXMERIGRW4,478.950.940.003.54-9.45-2.641,966
NGXMERIVAL6,036.590.700.002.55-1.5914.273,912
NGXOILGAS1,263.880.000.00-1.26-2.3620.73214
NGXPENBRD1,735.85-0.950.00-0.07-4.2130.499,465
NGXPENSION3,630.710.290.002.53-7.5010.637,819
NGXPREMIUM9,832.790.560.001.78-4.5135.723,669
NGXSOVBND769.961.740.001.745.361.343

For more detailed analysis,

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

Find the topic interesting? Will like to comment? Contact Us at solutions@infowarelimited.com

Professional &Institutional Investors: Bloomberg costing you too much? of InfoWARE Market Data Terminal; The Bloomberg replacement for PAN Africa!

Top News

Chart Of The Day - ASI Chart Vs ASI Advance Decline Line (YTD) (17-May-2024 15:08:23.102)

INFOWARE TERMINAL
17-May-2024 15:08:23.000

InfoWARE Analyst Daily Market Report (17-May-2024 15:08:18.267)

INFOWARE TERMINAL
17-May-2024 15:08:18.000

Daily Business News Brief

GLOBALVIEW CAPITAL LIMITED
17-May-2024 14:35:59.000

Nigeria Daily Market Report | Local Bourse Rebounds... ASI up 0.8%

AFRINVEST RESEARCH
16-May-2024 18:28:47.000

Daily Price List for 16th May 2024

ARTHUR STEVENS ASSET MANAGEMENT
16-May-2024 18:28:03.000

Daily Price List 16-05-24

CARDINALSTONE RESEARCH
16-May-2024 18:26:07.000

MARKET PERFORMANCE REPORT & DAILY PRICE LIST

GLOBALVIEW CAPITAL LIMITED
16-May-2024 18:11:48.000

NASD OTC PRICE LIST - 16-05-24

SECURITIES AFRICA NIGERIA RESEARCH
16-May-2024 17:44:45.000

NOW OPEN: Earn 23% and 25% Yield in Dangote Sugar Refinery PLC's Commercial Paper Issuance

AFRINVEST SECURITIES LIMITED
16-May-2024 17:19:33.000

Market Summary 16-05-2024

CARDINALSTONE RESEARCH
16-May-2024 12:03:35.000

Chart Of The Day - ASI Chart Vs ASI Advance Decline Line (YTD) (16-May-2024 15:11:11.843)

INFOWARE TERMINAL
16-May-2024 15:11:11.000

InfoWARE Analyst Daily Market Report (16-May-2024 15:11:06.759)

INFOWARE TERMINAL
16-May-2024 15:11:06.000

CSL Nigeria Daily - 16 May 2024

CSL RESEARCH
16-May-2024 12:00:12.000

Daily Business News Brief

GLOBALVIEW CAPITAL LIMITED
16-May-2024 11:50:10.000

Media Highlights 16-05-2024

CARDINALSTONE RESEARCH
16-May-2024 11:27:36.000

MARKET PERFORMANCE REPORT & DAILY PRICE LIST

GLOBALVIEW CAPITAL LIMITED
15-May-2024 18:39:24.000

Daily Price List for 15th May 2024

ARTHUR STEVENS ASSET MANAGEMENT
15-May-2024 18:38:44.000

Daily Price List

SAMTL
15-May-2024 18:35:43.000

Daily Price List

SAMTL
15-May-2024 18:35:43.000

NASD OTC PRICE LIST - 15-05-24

SECURITIES AFRICA NIGERIA RESEARCH
15-May-2024 18:32:45.000

Daily Market Report

SAMTL
15-May-2024 18:30:18.000

Market Summary 15-05-2024

CARDINALSTONE RESEARCH
15-May-2024 18:25:53.000

Chart Of The Day - ASI Chart Vs ASI Advance Decline Line (YTD) (15-May-2024 15:08:44.720)

INFOWARE TERMINAL
15-May-2024 15:08:44.000

InfoWARE Analyst Daily Market Report (15-May-2024 15:08:40.203)

INFOWARE TERMINAL
15-May-2024 15:08:40.000

Q1 2024 ECONOMIC AND FINANCIAL MARKET REPORT

SAMTL
15-May-2024 11:04:37.000

Coronation Research Daily Insights

CORONATION RESEARCH
15-May-2024 11:01:47.000

Daily Business News Brief

GLOBALVIEW CAPITAL LIMITED
15-May-2024 10:52:29.000

Media Highlights 15-05-2024

CARDINALSTONE RESEARCH
15-May-2024 10:48:33.000

Chart Of The Day - ASI Chart Vs ASI Advance Decline Line (YTD) (14-May-2024 15:08:24.047)

INFOWARE TERMINAL
14-May-2024 15:08:24.000

InfoWARE Analyst Daily Market Report (14-May-2024 15:08:19.295)

INFOWARE TERMINAL
14-May-2024 15:08:19.000
Get IDIA - the stock trading app for the modern investor
Company
Contacts
  • 8th Floor,
  • South Atlantic Petroleum Towers,
  • 1 Adeola Odeku Street,
  • Victoria Island,
  • Lagos, Nigeria.

  • Email: solutions@infowarelimited.com
Follow Us
 
facebook twitter skype youtube
Market data may be delayed up to 15 minutes