InfoWARE Analyst Daily Market Report (29-Aug-2024 15:17:05.515)

InfoWARE Analyst Daily Market Report (29-Aug-2024 15:17:05.515)
(Source: InfoWARE Terminal, Date: 29-Aug-2024)

Dear Investor,

InfoWARE Analyst Daily Market Report - 29-Aug-2024 15:17:05.514

The Nigerian equities market recorded another up day, as the NGX All-Share Index (NGXASI) closed the day up by 0.21%, to bring the Year-to-Date returns up 26.87%. The All Share Index closed at 96,408.22 against the previous close of 96,203.65, volume traded increased by 3.59% from 445.16M to 461.13M, while market turnover (the total value of shares traded) increased by 49.50% from NGN4.51B to NGN6.74B in 9,697.00 deals.
Market breadth (1.26x) signified Forty-four (44) advancers, as against Thirty-five (35) decliners. Volume was up for 83 companies and down for 78

Top ASI Gainers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
OANDO	63.60	32.98	9.98	32.98	204.13	366.33	544.70
JBERGER	156.95	32.77	9.97	32.77	77.94	76.12	301.40
ETERNA	27.90	32.68	9.86	32.68	61.32	91.56	101.64
RTBRISCOE	3.59	32.21	9.75	32.21	411.69	454.93	545.90
DAARCOMM	0.61	31.37	9.84	31.37	52.27	31.37	-32.32
DEAPCAP	0.73	31.15	9.59	31.15	53.85	53.85	26.98
MCNICHOLS	1.29	30.56	9.30	30.56	43.88	27.03	53.26
NSLTECH	0.56	29.79	8.93	29.79	45.24	3.39	-17.57
OMATEK	0.74	24.62	9.46	24.62	44.64	17.39	17.39
CILEASING	3.69	21.24	0.54	21.24	22.44	15.94	-27.96

Top ASI Losers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
NEWGOLD	23,700.01	-31.40	1.31	-31.40	-3.96	-14.25	61.68
GREENWETF	850.00	-12.97	-10.00	-12.97	-18.18	-10.00	-36.25
MERGROWTH	418.23	-10.90	-10.00	-10.90	233.99	618.48	857.06
SCOA	1.94	-9.79	-9.79	-9.79	-9.79	-18.60	-3.31
MTNN	184.00	-7.91	0.00	-7.91	-3.16	-14.02	-30.30
THOMASWY	1.58	-7.65	-0.63	-7.65	-10.80	-34.58	-35.39
TRANSCORP	11.20	-6.78	-1.79	-6.78	0.00	-14.73	15.55
TANTALIZER	0.74	-6.76	-6.76	-6.76	50.00	38.00	40.82
FIDSON	13.75	-5.45	-5.45	-5.45	-11.86	-3.70	-25.71
VITAFOAM	18.35	-5.17	0.00	-5.17	4.86	1.94	-16.59

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"

OANDO PLC (OANDO) topped the advancers list closing at N69.95 with a gain of 9.98% followed by JULIUS BERGER NIG. PLC. (JBERGER) which closed at N172.60 with a gain of 9.97%.

On the flip side GREENWICH ASSET ETF (GREENWETF) and MERISTEM GROWTH EXCHANGE TRADED FUND (MERGROWTH) topped the decliners log with a loss of -10.00% at a close of N765.00, and -10.00% to close the day at N376.41 respectively.

Top Gainers

Symbol	LClose	%Chg
OANDO	69.95	9.98
JBERGER	172.60	9.97
CORNERST	2.78	9.88
ETERNA	30.65	9.86
DAARCOMM	0.67	9.84

Top Losers

Symbol	LClose	%Chg
GREENWETF	765.00	-10.00
MERGROWTH	376.41	-10.00
SCOA	1.75	-9.79
JAPAULGOLD	2.50	-7.41
TANTALIZER	0.69	-6.76

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"

Symbol	Price	%Chg	15DMA	PE	EPS	DivY	MktCap	Vol	Trades	Value	LstTradeTime
FGSUK2027S3	87.00	19.43	77.21			0.00	0.00	64.70K	14.00	50.55M	29-Aug-2024 14:30:43.417
FGS202402	100.31	10.26	90.70			0.00	0.00	5.00K	1.00	5.02M	29-Aug-2024 14:30:41.653
FGSUK2032S5	106.35	10.15	99.14			0.00	0.00	1.84K	2.00	1.96M	29-Aug-2024 14:30:43.480
INTBREW	4.90	8.16	4.54	0.00	0.00	5.92	131.62B	6.53M	134.00	32.19M	29-Aug-2024 14:30:24.713
NGX30	3,588.11	0.19	3,582.33	575.61	329.08	0.00	0.00	200.83M	4,850.00	5.19B	29-Aug-2024 14:30:44.317
BUACEMENT	113.90	0.00	113.83	0.00	0.00	1.76	3,857.15B	173.79K	112.00	18.55M	29-Aug-2024 14:30:22.637

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,

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

Symbol	Price	%Chg	15DMA	PE	EPS	DivY	MktCap	Vol	Trades	Value	LstTradeTime
NGXAFRBVI	1,937.24	-0.64	1,939.52	3.14	35.50	0.00	0.00	96.82M	1,651.00	2.60B	29-Aug-2024 14:30:44.370
TRANSCORP	11.00	-1.82	11.16	0.00	0.00	0.85	447.13B	10.89M	311.00	119.85M	29-Aug-2024 14:30:27.543
FTNCOCOA	1.90	-2.63	1.91	0.00	0.00	1.62	7.41B	1.94M	48.00	3.74M	29-Aug-2024 14:30:24.063
UBA	21.90	-3.65	22.40	5.53	4.05	10.27	748.97B	20.58M	455.00	461.05M	29-Aug-2024 14:31:12.310
UPDC	1.22	-4.10	1.26	0.00	0.00	39.37	22.64B	1.52M	52.00	1.88M	29-Aug-2024 14:30:33.800
HONYFLOUR	4.00	-5.00	4.04	12.86	0.31	1.77	31.72B	1.80M	78.00	7.24M	29-Aug-2024 14:30:24.480

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

For more detailed analysis,

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

Unusual Volume: Volume traded is more than double the 90 day moving average (All exchanges; ASI & ASem). For more detailed analysis,

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

Symbol	Name	Volume	90DAvgVol	%VolChg	Price	LClose	%Chg	Trades	Value
CONHALLPLC	CONSOLIDATED HALLMARK INSURANCE PLC	505.79M	4.64M	10,799.66	1.47	1.38	6.52	61	673.41M
PRESTIGE	PRESTIGE ASSURANCE CO. PLC.	26.18M	5.90M	343.47	0.54	0.57	-5.26	142	14.28M
JAPAULGOLD	JAPAUL GOLD & VENTURES PLC	18.66M	9.03M	106.58	2.50	2.70	-7.41	317	47.51M
WEMABANK	WEMA BANK PLC.	14.81M	3.81M	289.09	6.15	6.25	-1.60	205	90.08M
CWG	COMPUTER WAREHOUSE GROUP PLC	11.80M	2.13M	453.63	5.65	5.50	2.73	98	62.52M

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.

For more detailed analysis,

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

African Markets

Name	LClose	Change	%Chg
BRVM Stock Exchange	250.52	1.20	0.48
Botswana Stock Exchange	9,622.52	0.00	0.00
Egyptian Exchange	30,133.81	60.15	0.20
Ghana Stock Exchange	4,353.38	0.00	0.00
Lusaka Stock Exchange	15,093.92	228.92	1.54
Malawi Stock Exchange	141,336.89	70.63	0.05
Nigeria Stock Exchange	96,510.13	470.59	0.49
Nairobi Securities Exchange	104.21	-0.45	-0.43
Rwanda Stock Exchange	145.53	0.00	0.00
Uganda Securities Exchange	1,024.14	-6.18	-0.60

Nigeria Market Indexes

Symbol	LClose	%Chg	WTD%	MTD%	QTD%	YTD%	Trades
ASI	96,408.22	0.21	0.39	-0.98	-3.61	26.87	9,697
NGX30	3,588.11	0.19	0.45	-0.26	-3.30	26.39	4,850
NGXAFRBVI	1,937.24	-0.63	0.21	6.68	3.16	-5.76	1,651
NGXAFRHDYI	13,140.00	-0.87	1.42	18.86	22.86	77.71	1,680
NGXASEM	1,583.71	0.00	0.00	0.00	5.26	147.63	6
NGXBNK	848.34	-0.75	1.32	5.41	2.27	-5.13	1,876
NGXCG	2,205.15	-0.46	-0.07	4.00	-1.16	-0.56	4,545
NGXCNSMRGDS	1,578.98	1.26	1.88	5.15	-0.05	40.31	989
NGXGROWTH	5,534.70	0.24	0.53	9.90	-0.79	-5.80	62
NGXINDUSTR	3,852.74	-0.01	0.02	-13.12	-17.96	39.07	390
NGXINS	426.50	1.99	5.24	12.28	10.49	31.36	908
NGXLOTUSISLM	6,352.07	0.10	0.83	6.44	1.00	35.78	1,311
NGXMAINBOARD	4,773.32	0.46	1.38	0.91	1.79	34.41	7,386
NGXMERIGRW	4,988.19	-1.04	0.29	12.09	8.73	8.43	1,342
NGXMERIVAL	7,230.26	0.95	2.11	5.14	3.82	36.87	2,195
NGXOILGAS	1,815.69	0.39	5.09	19.46	26.04	73.44	460
NGXPENBRD	1,685.54	-0.06	-0.26	-1.90	-4.82	26.71	7,551
NGXPENSION	3,775.78	-0.12	0.51	4.19	0.68	15.05	5,401
NGXPREMIUM	8,674.12	-0.25	-1.45	-4.15	-12.09	19.73	2,249
NGXSOVBND	646.12	0.00	0.00	-11.82	-15.65	-14.96	0

For more detailed analysis,

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