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InfoWARE Analyst Daily Market Report (25-Sep-2024 15:08:20.588)
(Source: InfoWARE Terminal, Date: 25-Sep-2024)
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InfoWARE Analyst Daily Market Report - 25-Sep-2024 15:08:20.587

The Nigerian equities market recorded another up day, as the NGX All-Share Index (NGXASI) closed the day up by 0.42%, to bring the Year-to-Date returns up 30.26%. The All Share Index closed at 98,987.42 against the previous close of 98,568.59, volume traded decreased by -20.84% from 761.45M to 602.74M, while market turnover (the total value of shares traded) increased by 9.20% from NGN11.44B to NGN12.50B in 9,587.00 deals.
Market breadth (1.96x) signified Fifty-five (55) advancers, as against Twenty-eight (28) decliners. Volume was up for 72 companies and down for 86


Top ASI Gainers Over Last 5 Trading Days

SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
ELLAHLAKES3.7132.479.9720.7136.0036.0033.77
REGALINS0.5328.899.4318.3728.8945.0048.72
ABCTRANS1.1527.279.5720.0061.5490.9141.57
WEMABANK8.1524.263.6813.4231.0118.1852.25
GREENWETF795.0020.450.009.66-9.66-6.47-33.75
FLOURMILL55.0019.9210.009.2132.1035.9682.78
TANTALIZER0.7318.03-1.377.4610.7744.0046.94
STERLINGNG4.6017.212.177.3117.5011.648.05
FIDELITYBK16.4012.87-6.402.6841.4753.5034.65
MCNICHOLS1.8711.761.601.6022.5871.17106.52

Top ASI Losers Over Last 5 Trading Days

SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
MULTIVERSE10.10-18.75-9.90-18.75-18.75-18.75-55.44
CAVERTON3.65-10.84-9.86-18.77149.24153.0867.86
NSLTECH0.61-10.45-1.64-3.23-16.671.69-18.92
SIAMLETF40855.90-9.940.00-9.94-18.95-22.8971.18
BERGER21.10-9.830.000.0047.5540.6762.31
LEARNAFRCA3.27-9.670.00-9.67-22.88-0.912.51
OANDO72.00-9.094.17-6.25-11.30400.00591.24
JAPAULGOLD2.60-8.55-5.38-7.173.8028.1344.71
DEAPCAP0.84-7.079.522.22-4.1776.9246.03
RTBRISCOE2.90-6.922.07-7.50-7.50316.90385.25

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"


FLOUR MILLS NIG. PLC. (FLOURMILL) topped the advancers list closing at N60.50 with a gain of 10.00% followed by SEPLAT PETROLEUM DEVELOPMENT COMPANY LTD (SEPLAT) which closed at N4,103.10 with a gain of 10.00%.

On the flip side MULTIVERSE PLC (MULTIVERSE) and CAVERTON OFFSHORE SUPPORT GRP PLC (CAVERTON) topped the decliners log with a loss of -9.90% at a close of N9.10, and -9.86% to close the day at N3.29 respectively.

Top Gainers
SymbolLClose%Chg
FLOURMILL60.5010.00
SEPLAT4,103.1010.00
ELLAHLAKES4.089.97
HONYFLOUR5.019.87
ABCTRANS1.269.57
Top Losers
SymbolLClose%Chg
MULTIVERSE9.10-9.90
CAVERTON3.29-9.86
STANBICETF30500.00-8.91
MANSARD5.50-6.78
FBNH29.00-6.45

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 1.41%(-22.76) sharply 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
FGS202650120.0058.3378.670.000.001.001.001.20K25-Sep-2024 14:30:27.343
TIP2.027.431.920.001.80B1.68M17.003.37M25-Sep-2024 14:31:19.847
MERGROWTH480.006.04455.120.000.00700.005.00315.78K25-Sep-2024 14:30:52.287
NEM7.651.967.5220.370.378.0038.38B520.66K28.003.97M25-Sep-2024 14:30:15.633
FGSUK2032S595.000.0094.940.000.000.000.000.0025-Sep-2024 14:30:28.137


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
CILEASING4.16-3.374.196.740.641.163.25B2.21M40.009.47M25-Sep-2024 14:30:13.490
UACN21.00-4.5221.879.362.351.0061.45B4.52M118.0095.88M25-Sep-2024 14:30:20.073
CHAMS2.00-5.002.0929.550.071.439.39B8.10M92.0016.77M25-Sep-2024 14:30:13.467
JAPAULGOLD2.46-5.692.530.2212.010.7715.41B16.11M183.0039.52M25-Sep-2024 14:30:14.953
STANBICETF30500.00-9.78513.750.000.00140.005.0076.27K25-Sep-2024 14:30:52.457


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
FBNHFBN HOLDINGS PLC108.77M13.33M715.8829.0031.00-6.452923.46B
TRANSCORPTRANSNATIONAL CORPORATION OF NIGERIA PLC82.59M16.31M406.4211.2011.40-1.75284919.91M
MANSARDMANSARD INSURANCE PLC24.64M3.05M707.065.505.90-6.7861146.13M
NASCONNATIONAL SALT CO. NIG. PLC3.47M1.24M180.5733.0031.604.43110110.95M
FLOURMILLFLOUR MILLS NIG. PLC.3.09M995.78K209.8960.5055.0010.00113186.69M


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
SOVRENINS5.1720.260.030.9839.5330.260.02
OANDO0.9728.452.530.96591.2430.260.04
UNIVINSURE0.000.000.000.9542.3130.260.05
FLOURMILL3.2756.370.980.9482.7830.260.06
CORNERST6.377.140.350.9066.6730.260.10
DEAPCAP17.86145.530.010.8746.0330.260.13
TANTALIZER2.740.000.000.8646.9430.260.14
MAYBAKER4.1453.420.140.8338.1030.260.17
NAHCO7.3484.320.410.8036.2230.260.20
FIDELITYBK3.6614.011.170.7834.6530.260.22


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 Exchange264.23-0.61-0.23
Botswana Stock Exchange9,651.250.000.00
Egyptian Exchange30,871.10-152.01-0.49
Lusaka Stock Exchange15,926.81-51.13-0.32
Casablanca Stock Exchange14,193.30-75.63-0.53
Malawi Stock Exchange143,438.7214.340.01
Nigeria Stock Exchange98,568.59177.100.18
Nairobi Securities Exchange106.650.300.28
Rwanda Stock Exchange145.73-0.20-0.14
Tunis Stock Exchange9,813.4118.610.19
Nigeria Market Indexes
SymbolLClose%ChgWTD%MTD%QTD%YTD%MktCapTrades
ASI98,987.420.420.612.27-1.0330.269,587
NGX303,682.560.390.712.57-0.7629.725,545
NGXAFRBVI2,032.311.262.602.058.22-1.141,921
NGXAFRHDYI13,537.470.501.323.3026.5783.092,110
NGXASEM1,583.710.000.000.005.26147.637
NGXBNK941.14-0.702.298.6113.465.253,092
NGXCG2,412.280.592.798.288.128.785,138
NGXCNSMRGDS1,574.370.500.220.31-0.3539.901,032
NGXGROWTH4,924.980.31-0.02-11.18-11.72-16.1754
NGXINDUSTR3,849.020.030.06-0.20-18.0438.93441
NGXINS421.17-0.351.801.539.1129.72420
NGXLOTUSISLM6,225.400.97-1.47-1.35-1.0133.08974
NGXMAINBOARD4,845.510.13-0.021.053.3336.457,208
NGXMERIGRW5,384.710.301.875.2617.3817.051,374
NGXMERIVAL7,766.655.145.687.5511.5247.023,637
NGXOILGAS1,986.663.273.154.9337.9189.78224
NGXPENBRD1,726.030.400.772.28-2.5429.757,567
NGXPENSION4,019.200.391.415.807.1822.476,109
NGXPREMIUM9,115.400.971.784.78-7.6225.822,325
NGXSOVBND624.300.000.00-3.38-18.50-17.830

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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