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 (08-May-2024 15:08:55.081)
(Source: InfoWARE Terminal, Date: 08-May-2024)
Dear Investor,
InfoWARE Analyst Daily Market Report - 08-May-2024 15:08:55.079

The Nigerian equities market recorded another down day, as the NGX All-Share Index (NGXASI) closed the day down by 0.00%, to bring the Year-to-Date returns up 29.26%. The All Share Index closed at 98,223.97 against the previous close of 98,228.50, volume traded decreased by -23.35% from 415.76M to 318.68M, while market turnover (the total value of shares traded) increased by 13.00% from NGN8.09B to NGN9.15B in 8,048.00 deals.
Market breadth (0.76x) signified Twenty-six (26) advancers, as against Thirty-four (34) decliners. Volume was up for 58 companies and down for 105


VETIVA S & P NIGERIA SOVEREIGN BOND ETF (VSPBONDETF) topped the advancers list closing at N340.00 with a gain of 70.00% followed by THE SIAML PENSION ETF 40 (SIAMLETF40) which closed at N934.99 with a gain of 10.00%.

On the flip side P Z CUSSONS NIGERIA PLC. (PZ) and INTERNATIONAL BREWERIES PLC. (INTBREW) topped the decliners log with a loss of -10.00% at a close of N34.20, and -9.89% to close the day at N3.92 respectively.

Top Gainers
SymbolLClose%Chg
VSPBONDETF340.0070.00
SIAMLETF40934.9910.00
OKOMUOIL255.709.98
TANTALIZER0.398.33
STANBICETF30596.995.97
Top Losers
SymbolLClose%Chg
PZ34.20-10.00
INTBREW3.92-9.89
MCNICHOLS1.02-9.73
STERLINGNG4.43-9.59
LINKASSURE0.77-9.41

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
VSPBONDETF340.0041.18307.770.000.001.44K5.00489.70K08-May-2024 14:31:11.227
SIAMLETF40934.999.09899.930.000.001.001.00934.9908-May-2024 14:31:11.133
OKOMUOIL255.709.07240.7542.065.635.07243.91B167.07K44.0042.71M08-May-2024 14:30:25.467
STANBICETF30596.995.63564.370.000.00315.0012.00183.75K08-May-2024 14:31:11.147
CUTIX3.005.002.938.500.265.4110.57B908.09K29.002.73M08-May-2024 14:30:23.350
CHAMS1.802.781.7631.100.071.368.45B566.54K55.001.02M08-May-2024 14:30:23.197
FG202034S299.372.0697.560.000.003.86K1.003.84M08-May-2024 14:30:30.137
FGSUK2027S381.001.2380.390.000.00108.004.0079.13K08-May-2024 14:30:31.897
NGXLOTUSISLM6,178.570.926,167.881,270.9362.770.000.0017.33M1,051.003.39B08-May-2024 14:30:33.130


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
FIDELITYBK8.950.008.978.031.172.66259.32B12.63M214.00112.98M08-May-2024 14:30:23.947
WAPCO33.10-5.7434.2810.122.876.90533.17B820.08K97.0027.76M08-May-2024 14:31:11.443


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
UBAUNITED BANK FOR AFRICA PLC79.98M36.16M121.1626.0026.000.006892.07B
MTNNMTN NIGERIA PLC11.87M2.14M454.47220.00215.002.334282.56B
ELLAHLAKESELLAH LAKES PLC.9.76M2.02M381.953.313.50-5.433632.32M
WEMABANKWEMA BANK PLC.8.55M4.10M108.497.858.10-3.0911568.15M
STANBICSTANBIC IBTC HOLDINGS PLC5.03M1.41M256.0152.0052.000.0077261.71M


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
NAHCO5.0058.490.410.9036.4229.260.10
UNIVINSURE0.000.000.000.7634.6229.260.24
NEM5.2615.480.370.6978.4529.260.31
VERITASKAP18.5210.970.020.6363.8929.260.37
NEWGOLD0.000.000.00-0.5739.4629.260.43
BUACEMENT2.670.000.000.5640.3929.260.44
PRESCO3.5871.652.650.5342.8929.260.47
VETINDETF0.000.4781.1329.260.53
JBERGER7.183.3810.31-0.4168.3729.260.59
SEPLAT1.159.31212.700.3342.4829.260.67


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
ASI98,223.970.00-0.49-0.55-6.0229.268,048
NGX303,634.700.04-0.48-0.65-6.2828.035,557
NGXAFRBVI1,806.64-1.29-3.134.37-21.01-12.122,391
NGXAFRHDYI10,590.540.20-0.201.70-3.8043.232,037
NGXASEM1,504.550.000.000.000.00135.253
NGXBNK822.77-1.03-4.102.96-20.03-7.992,550
NGXCG2,152.28-0.31-2.653.01-15.69-2.954,791
NGXCNSMRGDS1,561.06-0.27-0.930.41-3.0738.721,071
NGXGROWTH5,682.03-0.060.07-0.15-0.34-3.2944
NGXINDUSTR4,688.77-0.22-0.220.03-3.0469.24246
NGXINS386.84-0.15-1.631.23-5.9919.15408
NGXLOTUSISLM6,178.570.930.600.22-2.3032.081,051
NGXMAINBOARD4,559.76-0.11-0.54-1.74-4.7228.405,281
NGXMERIGRW4,370.41-1.23-2.421.03-11.64-5.001,783
NGXMERIVAL6,028.31-0.01-0.142.41-1.7314.122,853
NGXOILGAS1,263.880.000.00-1.26-2.3620.7394
NGXPENBRD1,727.130.01-0.50-0.58-4.6929.847,075
NGXPENSION3,560.56-0.25-1.930.55-9.298.496,067
NGXPREMIUM9,792.580.16-0.411.36-4.9035.162,723
NGXSOVBND766.67-0.43-0.431.304.910.912

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

Media Highlights 17-05-2024

CARDINALSTONE RESEARCH
17-May-2024 14:30:42.000

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

Closing Share Prices as at Thursday, 16th of May 2024

AFRINVEST RESEARCH
16-May-2024 18:17:08.000

MARKET PERFORMANCE REPORT & DAILY PRICE LIST

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

DAILY PRICE LIST - 16-05-2024

SECURITIES AFRICA NIGERIA RESEARCH
16-May-2024 17:54:04.000

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
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