InfoWARE Analyst Daily Market Report (19-Sep-2024 15:07:28.528)

InfoWARE Analyst Daily Market Report (19-Sep-2024 15:07:28.528)
(Source: InfoWARE Terminal, Date: 19-Sep-2024)

Dear Investor,

InfoWARE Analyst Daily Market Report - 19-Sep-2024 15:07:28.527

The Nigerian equities market recorded another down day, as the NGX All-Share Index (NGXASI) closed the day down by -0.19%, to bring the Year-to-Date returns up 29.03%. The All Share Index closed at 98,049.04 against the previous close of 98,230.92, volume traded increased by 26.20% from 360.76M to 455.26M, while market turnover (the total value of shares traded) decreased by -14.33% from NGN7.54B to NGN6.46B in 9,673.00 deals.
Market breadth (0.77x) signified Thirty-four (34) advancers, as against Forty-four (44) decliners. Volume was up for 79 companies and down for 77

Top ASI Gainers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
CAVERTON	3.06	20.43	9.80	20.43	154.55	158.46	71.43
MCNICHOLS	1.50	17.02	10.00	17.02	6.45	48.65	79.35
DAARCOMM	0.71	15.38	5.63	15.38	13.64	47.06	-24.24
FIDELITYBK	11.30	13.24	9.73	13.24	14.29	24.00	8.77
VITAFOAM	20.95	10.55	5.01	10.55	19.89	22.22	0.00
FIDSON	13.20	10.27	9.85	10.27	11.54	7.41	-17.14
ABCTRANS	0.90	10.00	10.00	10.00	26.92	50.00	11.24
SFSREIT	179.45	9.99	0.00	9.99	33.02	76.97	77.06
UPL	2.21	9.95	9.95	9.95	-3.19	-2.80	1.25
MEYER	6.41	9.95	0.00	9.95	20.94	20.94	78.55

Top ASI Losers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
MERVALUE	171.41	-18.76	-10.00	-18.76	-40.67	265.92	364.95
RTBRISCOE	3.44	-14.40	-8.43	-14.40	-1.56	343.66	416.39
NSLTECH	0.68	-11.43	-8.82	-11.43	-13.89	5.08	-16.22
NNFM	39.15	-10.00	0.00	-10.00	-18.94	-18.94	-13.96
BERGER	21.60	-9.81	0.00	-9.81	51.05	44.00	66.15
UPDC	1.95	-9.74	-9.74	-9.74	37.50	26.62	40.80
SOVRENINS	0.60	-8.06	-5.00	-8.06	-21.92	16.33	32.56
CHAMPION	3.20	-7.19	-7.19	-7.19	0.34	-15.14	-27.56
FTNCOCOA	1.73	-6.86	-5.78	-6.86	-4.12	-1.21	5.16
FLOURMILL	57.00	-6.59	-1.75	-6.59	22.27	25.84	69.18

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"

ASSOCIATED BUS COMPANY PLC (ABCTRANS) topped the advancers list closing at N0.99 with a gain of 10.00% followed by MCNICHOLS PLC (MCNICHOLS) which closed at N1.65 with a gain of 10.00%.

On the flip side MERISTEM VALUE EXCHANGE TRADED FUND (MERVALUE) and HONEYWELL FLOUR MILL PLC (HONYFLOUR) topped the decliners log with a loss of -10.00% at a close of N154.27, and -9.98% to close the day at N4.87 respectively.

Top Gainers

Symbol	LClose	%Chg
ABCTRANS	0.99	10.00
MCNICHOLS	1.65	10.00
UPL	2.43	9.95
FIDSON	14.50	9.85
CAVERTON	3.36	9.80

Top Losers

Symbol	LClose	%Chg
MERVALUE	154.27	-10.00
HONYFLOUR	4.87	-9.98
FBNH	30.55	-9.88
UPDC	1.76	-9.74
TANTALIZER	0.62	-8.82

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 0.09%(-1.45) 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
STERLINGNG	4.25	5.88	4.02	13.41	0.30	3.75	122.36B	4.69M	83.00	19.39M	19-Sep-2024 14:30:16.907
LIVESTOCK	2.50	4.00	2.41	0.00	0.00	4.17	7.50B	966.17K	54.00	2.48M	19-Sep-2024 14:30:15.570
FCMB	7.75	1.94	7.62	89.08	0.09	6.58	153.47B	14.04M	242.00	110.18M	19-Sep-2024 14:30:14.890

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
OANDO	81.00	-5.00	83.85	33.60	2.53	0.82	1,006.94B	7.86M	772.00	646.90M	19-Sep-2024 14:30:46.603
FTNCOCOA	1.63	-6.13	1.67	0.00	0.00	1.73	6.36B	5.96M	65.00	9.70M	19-Sep-2024 14:30:14.990
FGSUK2027S3	80.00	-6.34	84.54			0.00	0.00	17.00K	4.00	13.69M	19-Sep-2024 14:30:24.960
CHAMPION	2.97	-7.74	3.05	342.25	0.01	0.50	23.25B	701.38K	20.00	2.08M	19-Sep-2024 14:30:14.230
NSLTECH	0.62	-9.68	0.65	0.00	0.00	14.71	3.49B	1.15M	23.00	726.62K	19-Sep-2024 14:30:16.310

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
JAPAULGOLD	JAPAUL GOLD & VENTURES PLC	106.66M	14.67M	627.16	2.50	2.56	-2.34	176	259.81M
UACN	U A C N PLC.	57.85M	3.50M	1,551.35	22.20	21.50	3.26	153	1.19B
HONYFLOUR	HONEYWELL FLOUR MILL PLC	26.08M	1.88M	1,286.72	4.87	5.41	-9.98	509	139.33M
CAVERTON	CAVERTON OFFSHORE SUPPORT GRP PLC	7.89M	1.81M	337.07	3.36	3.06	9.80	97	26.52M
PZ	P Z CUSSONS NIGERIA PLC.	6.70M	142.05K	4,612.97	15.80	15.65	0.96	151	106.34M

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	262.10	0.08	0.03
Botswana Stock Exchange	9,651.25	25.99	0.27
Egyptian Exchange	30,342.46	183.97	0.61
Ghana Stock Exchange	4,442.52	-60.79	-1.35
Johannesburg Stock Exchange	82,718.56	-315.53	-0.38
Lusaka Stock Exchange	15,901.11	1.59	0.01
Casablanca Stock Exchange	14,088.04	89.59	0.64
Malawi Stock Exchange	142,704.48	-731.52	-0.51
Nigeria Stock Exchange	98,230.92	547.03	0.56
Nairobi Securities Exchange	107.27	0.71	0.67
Namibian Stock Exchange	1,813.42	-0.54	-0.03
Rwanda Stock Exchange	145.53	0.06	0.04
Tunis Stock Exchange	9,751.68	-9.76	-0.10
Uganda Securities Exchange	1,067.18	8.05	0.76

Nigeria Market Indexes

Symbol	LClose	%Chg	WTD%	MTD%	QTD%	YTD%	Trades
ASI	98,049.04	-0.19	0.37	1.30	-1.97	29.03	9,673
NGX30	3,643.22	-0.07	0.47	1.47	-1.82	28.33	4,994
NGXAFRBVI	1,982.12	0.75	0.59	-0.47	5.55	-3.58	1,591
NGXAFRHDYI	13,261.61	0.18	0.90	1.20	24.00	79.36	1,797
NGXASEM	1,583.71	0.00	0.00	0.00	5.26	147.63	6
NGXBNK	917.05	-0.62	0.43	5.83	10.55	2.56	2,096
NGXCG	2,332.65	-0.60	0.20	4.71	4.55	5.19	5,207
NGXCNSMRGDS	1,573.17	-0.26	-1.31	0.24	-0.42	39.80	1,644
NGXGROWTH	5,189.15	0.44	0.49	-6.42	-6.99	-11.68	89
NGXINDUSTR	3,849.05	-0.06	-0.13	-0.20	-18.04	38.93	491
NGXINS	405.55	-0.57	0.02	-2.24	5.06	24.91	446
NGXLOTUSISLM	6,287.69	-0.31	-0.55	-0.37	-0.02	34.41	866
NGXMAINBOARD	4,827.54	-0.03	0.65	0.67	2.95	35.94	7,316
NGXMERIGRW	5,180.98	1.77	2.14	1.28	12.94	12.62	1,249
NGXMERIVAL	7,264.85	0.00	-0.63	0.60	4.31	37.53	2,863
NGXOILGAS	1,919.64	-0.13	0.22	1.39	33.26	83.37	276
NGXPENBRD	1,704.09	-0.09	0.00	0.98	-3.77	28.10	7,541
NGXPENSION	3,922.56	0.05	0.63	3.25	4.60	19.52	5,620
NGXPREMIUM	8,931.19	-0.47	-0.13	2.67	-9.48	23.27	2,268
NGXSOVBND	647.53	0.00	0.00	0.22	-15.47	-14.77	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"