Before it's here, it's on InfoWARE Market Data Terminal; Years of Fundamentals, Analytics and more... DEAPCAP 10.00  BERGER 10.00  MCNICHOLS 9.93  NSLTECH 9.84  GREENWETF 9.80  OANDO 9.22  TOTAL 8.82  OMATEK 8.64  SCOA 8.57  SOVRENINS 6.35  ETERNA -9.95  RTBRISCOE -9.90  STANBICETF30 -9.39  TANTALIZER -7.25  EUNISELL -6.25  ROYALEX -6.15  GUINEAINS -6.12  JAIZBANK -4.66  CHAMS -3.38  FCMB -3.29 
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InfoWARE Analyst Daily Market Report (28-Aug-2024 15:18:44.852)
(Source: InfoWARE Terminal, Date: 28-Aug-2024)
Dear Investor,
InfoWARE Analyst Daily Market Report - 28-Aug-2024 15:18:44.850

The Nigerian equities market recorded another down day, as the NGX All-Share Index (NGXASI) closed the day down by -0.32%, to bring the Year-to-Date returns up 26.60%. The All Share Index closed at 96,203.99 against the previous close of 96,510.13, volume traded increased by 0.93% from 441.06M to 445.16M, while market turnover (the total value of shares traded) decreased by -19.28% from NGN5.58B to NGN4.51B in 9,971.00 deals.
Market breadth (2.04x) signified Forty-nine (49) advancers, as against Twenty-four (24) decliners. Volume was up for 70 companies and down for 87


Top ASI Gainers Over Last 5 Trading Days

SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
OANDO57.8532.929.9420.91176.52324.00486.18
ETERNA25.4032.869.8420.7846.8474.3883.55
RTBRISCOE3.2732.479.7920.47366.23405.63488.52
DEAPCAP0.6730.368.9619.6740.3840.3815.87
MCNICHOLS1.1830.309.3219.4431.6316.2240.22
NSLTECH0.5130.239.8019.1533.33-5.08-24.32
DAARCOMM0.5629.798.9319.6138.6419.61-38.38
CILEASING3.3623.839.8220.5921.7815.31-28.35
OKOMUOIL417.7020.970.009.9843.0543.2960.65
JBERGER143.0020.739.7620.7361.8060.15265.00

Top ASI Losers Over Last 5 Trading Days

SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
NEWGOLD23,700.01-32.290.00-32.29-5.20-15.3559.60
TRANSPOWER335.20-9.990.000.00-10.35-10.3526.97
UPL2.17-9.455.99-4.17-4.96-8.00-4.17
MTNN199.80-7.91-7.91-7.91-3.16-14.02-30.30
TRANSCORP11.20-6.670.00-5.081.82-13.1817.65
CWG5.65-5.98-2.65-3.51-13.39-34.91-36.05
UNILEVER18.00-5.260.000.006.820.0020.81
VITAFOAM18.35-5.170.00-5.174.861.94-16.59
ACCESSCORP19.15-4.76-0.780.003.540.00-19.32
UCAP18.50-3.542.975.2572.40-32.69-20.63

For more detailed analysis, on InfoWARE Market Data Terminal <NSEPERF> <GO>
On InfoWARE Finance Mobile App (Android, iPhone & iPad, Windows Phone and Windows 8/10), "Top Gainers & Losers"


INDUSTRIAL & MEDICAL GASES NIGERIA PLC (IMG) topped the advancers list closing at N26.40 with a gain of 10.00% followed by CHAMS PLC (CHAMS) which closed at N2.32 with a gain of 9.95%.

On the flip side MERISTEM GROWTH EXCHANGE TRADED FUND (MERGROWTH) and NEIMETH INTERNATIONAL PHARMACEUTICALS PLC (NEIMETH) topped the decliners log with a loss of -10.00% at a close of N418.23, and -9.09% to close the day at N2.00 respectively.

Top Gainers
SymbolLClose%Chg
IMG26.4010.00
CHAMS2.329.95
OANDO63.609.94
LIVESTOCK2.449.91
ETERNA27.909.84
Top Losers
SymbolLClose%Chg
MERGROWTH418.23-10.00
NEIMETH2.00-9.09
TANTALIZER0.74-8.64
MTNN184.00-7.91
THOMASWY1.58-7.06

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 appreciated 0.50%(8.00) against the Dollar to settle at 1 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
CHAMS2.329.052.1229.830.071.4210.89B28.73M284.0065.52M28-Aug-2024 14:30:18.327
LIVESTOCK2.449.022.300.000.004.557.32B2.28M68.005.42M28-Aug-2024 14:30:20.223
ETI21.806.1920.914.015.102.49400.02B430.86K50.009.21M28-Aug-2024 14:30:18.887


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
SIAMLETF401,057.190.001,060.000.000.001.001.001.06K28-Aug-2024 14:30:49.260
NGX303,581.13-0.243,584.50575.61329.080.000.00120.23M4,914.002.89B28-Aug-2024 14:30:32.480
NGXCG2,215.41-0.662,217.14443.35327.970.000.0088.38M4,340.002.21B28-Aug-2024 14:30:33.107
NASCON33.50-2.3934.2725.441.332.9588.76B2.26M107.0077.17M28-Aug-2024 14:30:48.730
WEMABANK6.25-4.006.29161.420.047.8180.36B5.08M161.0031.98M28-Aug-2024 14:30:48.940
THOMASWY1.58-7.591.650.000.001.18347.60M365.00K7.00575.20K28-Aug-2024 14:30:21.770
MTNN184.00-8.59198.6319,634.430.012.803,745.23B1.48M445.00275.11M28-Aug-2024 14:30:49.450


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
UNIVINSUREUNIVERSAL INSURANCE COMPANY PLC52.60M15.31M243.550.370.355.7113518.78M
JAPAULGOLDJAPAUL GOLD & VENTURES PLC51.80M8.25M527.902.702.72-0.74595145.32M
PRESTIGEPRESTIGE ASSURANCE CO. PLC.35.82M5.37M566.750.570.537.558619.53M
TANTALIZERTANTALIZERS PLC35.14M1.25M2,708.790.740.81-8.6427228.22M
CHAMSCHAMS PLC28.73M7.77M269.852.322.119.9528465.52M


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
NAHCO7.0687.740.411.0041.7326.600.00
OANDO1.3320.782.531.00486.1826.600.00
UNIVINSURE0.000.000.000.9642.3126.600.04
SOVRENINS5.3619.560.030.9541.8626.600.05
TANTALIZER2.700.000.000.8951.0226.600.11
FLOURMILL4.0245.910.980.8435.3526.600.16
LIVESTOCK4.550.000.000.8141.8626.600.19
MAYBAKER4.2951.570.140.7340.9526.600.27
TRANSPOWER0.450.000.000.7126.9726.600.29
VETGOODS0.000.6943.2326.600.31


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 Exchange250.521.200.48
Botswana Stock Exchange9,622.520.000.00
Egyptian Exchange30,133.8160.150.20
Ghana Stock Exchange4,353.380.000.00
Lusaka Stock Exchange15,093.92228.921.54
Malawi Stock Exchange141,336.8970.630.05
Nigeria Stock Exchange96,510.13470.590.49
Nairobi Securities Exchange104.21-0.45-0.43
Rwanda Stock Exchange145.530.000.00
Uganda Securities Exchange1,024.14-6.18-0.60
Nigeria Market Indexes
SymbolLClose%ChgWTD%MTD%QTD%YTD%MktCapTrades
ASI96,203.99-0.320.17-1.19-3.8226.609,971
NGX303,581.13-0.240.25-0.46-3.4926.154,914
NGXAFRBVI1,949.600.410.857.363.82-5.161,443
NGXAFRHDYI13,255.121.332.3119.9023.9379.271,500
NGXASEM1,583.710.000.000.005.26147.636
NGXBNK854.750.622.086.213.04-4.411,773
NGXCG2,215.41-0.660.394.48-0.70-0.104,340
NGXCNSMRGDS1,559.350.160.613.84-1.3038.57830
NGXGROWTH5,528.920.210.429.78-0.90-5.8946
NGXINDUSTR3,853.16-0.010.03-13.11-17.9539.08421
NGXINS418.191.873.1910.098.3428.80805
NGXLOTUSISLM6,345.44-1.070.726.330.8935.641,214
NGXMAINBOARD4,751.430.410.920.441.3233.807,727
NGXMERIGRW5,040.470.521.3413.269.879.571,576
NGXMERIVAL7,162.570.691.164.152.8535.592,131
NGXOILGAS1,808.620.534.6919.0025.5572.77780
NGXPENBRD1,686.52-0.50-0.21-1.84-4.7726.787,581
NGXPENSION3,780.13-0.190.634.310.8015.185,424
NGXPREMIUM8,696.09-1.65-1.20-3.91-11.8720.032,198
NGXSOVBND646.120.000.00-11.82-15.65-14.960

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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