InfoWARE Analyst Daily Market Report (26-Sep-2024 15:09:15.584)

InfoWARE Analyst Daily Market Report (26-Sep-2024 15:09:15.584)
(Source: InfoWARE Terminal, Date: 26-Sep-2024)

Dear Investor,

InfoWARE Analyst Daily Market Report - 26-Sep-2024 15:09:15.583

The Nigerian equities market recorded another down day, as the NGX All-Share Index (NGXASI) closed the day down by -0.47%, to bring the Year-to-Date returns up 29.65%. The All Share Index closed at 98,523.56 against the previous close of 98,987.42, volume traded decreased by -43.11% from 602.74M to 342.92M, while market turnover (the total value of shares traded) decreased by -47.25% from NGN12.50B to NGN6.59B in 8,872.00 deals.
Market breadth (0.71x) signified Thirty-six (36) advancers, as against Fifty-one (51) decliners. Volume was up for 82 companies and down for 82

Top ASI Gainers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
ELLAHLAKES	4.08	32.54	9.80	32.54	49.33	49.33	46.89
MERVALUE	182.50	30.11	8.43	30.11	-23.89	369.35	496.38
REGALINS	0.58	28.57	8.62	28.57	40.00	57.50	61.54
MERGROWTH	480.00	14.44	7.29	14.44	28.78	883.01	1,209.43
DEAPCAP	0.92	12.22	9.78	12.22	5.21	94.23	60.32
FLOURMILL	60.50	11.91	2.48	11.91	35.37	39.33	87.31
STERLINGNG	4.70	11.87	4.26	11.87	22.50	16.39	12.64
DAARCOMM	0.75	10.29	0.00	10.29	13.64	47.06	-24.24
SEPLAT	4,103.10	10.00	0.00	10.00	10.00	8.12	77.62
NIDF	111.70	9.94	0.00	9.94	-0.98	-2.02	-2.02

Top ASI Losers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
CAVERTON	3.29	-26.67	-9.73	-26.67	125.00	128.46	51.53
MULTIVERSE	9.10	-19.64	-1.10	-19.64	-19.64	-19.64	-55.93
STANBICETF30	500.00	-17.88	-10.00	-17.88	-18.18	-34.31	-33.92
OKOMUOIL	393.00	-13.10	-7.63	-13.10	-13.10	24.53	39.62
SIAMLETF40	855.90	-11.62	-1.86	-11.62	-20.45	-24.32	68.00
FIDSON	15.75	-9.74	0.00	-9.74	21.15	16.67	-10.00
LEARNAFRCA	3.27	-9.67	0.00	-9.67	-22.88	-0.91	2.51
JAPAULGOLD	2.46	-9.43	-2.44	-9.43	1.27	25.00	41.18
CADBURY	19.70	-9.39	-9.39	-9.39	-9.39	7.53	4.39
OANDO	75.00	-8.75	-2.67	-8.75	-13.66	386.67	572.81

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"

FTN COCOA PROCESSORS PLC (FTNCOCOA) topped the advancers list closing at N1.79 with a gain of 9.82% followed by ELLAH LAKES PLC. (ELLAHLAKES) which closed at N4.48 with a gain of 9.80%.

On the flip side STANBIC IBTC ETF 30 (STANBICETF30) and CAVERTON OFFSHORE SUPPORT GRP PLC (CAVERTON) topped the decliners log with a loss of -10.00% at a close of N450.00, and -9.73% to close the day at N2.97 respectively.

Top Gainers

Symbol	LClose	%Chg
FTNCOCOA	1.79	9.82
ELLAHLAKES	4.48	9.80
DEAPCAP	1.01	9.78
REGALINS	0.63	8.62
MERVALUE	197.88	8.43

Top Losers

Symbol	LClose	%Chg
STANBICETF30	450.00	-10.00
CAVERTON	2.97	-9.73
CADBURY	17.85	-9.39
ABCTRANS	1.15	-8.73
MCNICHOLS	1.75	-7.89

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"

Symbol	Price	%Chg	15DMA	PE	EPS	DivY	MktCap	Vol	Trades	Value	LstTradeTime
FGSUK2027S3	89.00	10.11	84.80			0.00	0.00	1.11K	3.00	997.91K	26-Sep-2024 14:30:34.450
DEAPCAP	1.01	8.91	0.96	145.53	0.01	17.86	1.52B	7.19M	63.00	7.23M	26-Sep-2024 14:30:20.297
RTBRISCOE	3.20	7.50	3.10	0.00	0.00	3.45	3.76B	3.73M	58.00	11.84M	26-Sep-2024 14:30:23.913
CONHALLPLC	1.49	5.37	1.44	40.91	0.03	3.55	15.95B	1.27M	21.00	1.89M	26-Sep-2024 14:30:57.080
NGXGROUP	22.10	5.20	21.29	0.00	0.00	3.58	43.41B	521.16K	18.00	11.39M	26-Sep-2024 14:30:23.110
VERITASKAP	1.44	2.78	1.41	56.50	0.02	3.60	19.97B	4.69M	48.00	6.59M	26-Sep-2024 14:30:57.297
CILEASING	4.20	0.95	4.19	6.74	0.64	1.16	3.28B	910.23K	55.00	3.81M	26-Sep-2024 14:30:19.870
STANBIC	57.50	0.87	57.49	6.93	8.23	3.51	745.03B	1.67M	41.00	95.68M	26-Sep-2024 14:30:24.123

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
GUINNESS	63.50	-2.36	63.80	33.28	1.95	10.98	139.09B	293.06K	36.00	18.58M	26-Sep-2024 14:30:21.383
TANTALIZER	0.69	-4.35	0.70	0.00	0.00	2.74	2.22B	433.36K	30.00	300.92K	26-Sep-2024 14:30:24.263
MTNN	191.00	-4.61	191.61	19,634.43	0.01	2.80	3,887.71B	404.98K	249.00	78.08M	26-Sep-2024 14:30:58.213

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
HONYFLOUR	HONEYWELL FLOUR MILL PLC	25.50M	2.53M	907.53	4.72	5.01	-5.79	416	122.98M
STERLINGNG	STERLING FINANCIAL HOLDINGS COMPANY PLC	25.30M	7.44M	239.86	4.90	4.70	4.26	216	123.99M
NB	NIGERIAN BREW. PLC.	11.53M	1.62M	611.44	29.00	28.70	1.05	122	333.30M
FTNCOCOA	FTN COCOA PROCESSORS PLC	10.42M	5.03M	106.86	1.79	1.63	9.82	92	18.42M
FLOURMILL	FLOUR MILLS NIG. PLC.	7.39M	1.03M	620.54	62.00	60.50	2.48	287	459.86M

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	264.25	0.03	0.01
Botswana Stock Exchange	9,651.78	0.97	0.01
Egyptian Exchange	31,250.64	379.71	1.23
Ghana Stock Exchange	4,406.56	0.00	0.00
Johannesburg Stock Exchange	85,960.31	1,186.83	1.40
Lusaka Stock Exchange	15,971.82	44.60	0.28
Casablanca Stock Exchange	14,282.71	89.42	0.63
Malawi Stock Exchange	143,427.24	-14.34	-0.01
Nigeria Stock Exchange	98,987.42	414.01	0.42
Nairobi Securities Exchange	107.49	0.84	0.79
Namibian Stock Exchange	1,889.62	44.29	2.40
Rwanda Stock Exchange	145.93	0.20	0.14
Tunis Stock Exchange	9,814.47	0.98	0.01
Uganda Securities Exchange	1,078.76	0.65	0.06

Nigeria Market Indexes

Symbol	LClose	%Chg	WTD%	MTD%	QTD%	YTD%	Trades
ASI	98,523.56	-0.47	0.14	1.79	-1.50	29.65	8,872
NGX30	3,665.26	-0.47	0.24	2.09	-1.22	29.11	4,728
NGXAFRBVI	2,013.68	-0.92	1.66	1.11	7.23	-2.04	1,661
NGXAFRHDYI	13,473.57	-0.47	0.84	2.81	25.98	82.23	1,805
NGXASEM	1,583.71	0.00	0.00	0.00	5.26	147.63	6
NGXBNK	937.35	-0.40	1.87	8.17	13.00	4.83	2,281
NGXCG	2,392.42	-0.82	1.95	7.39	7.23	7.88	4,980
NGXCNSMRGDS	1,577.65	0.21	0.43	0.52	-0.14	40.19	1,510
NGXGROWTH	4,911.18	-0.28	-0.30	-11.43	-11.97	-16.41	79
NGXINDUSTR	3,846.92	-0.05	0.01	-0.25	-18.08	38.86	396
NGXINS	423.58	0.57	2.38	2.11	9.73	30.46	459
NGXLOTUSISLM	6,101.44	-1.99	-3.43	-3.32	-2.99	30.43	897
NGXMAINBOARD	4,835.40	-0.21	-0.23	0.84	3.12	36.16	6,676
NGXMERIGRW	5,323.57	-1.14	0.71	4.06	16.04	15.72	1,077
NGXMERIVAL	7,772.63	0.08	5.76	7.63	11.61	47.14	2,827
NGXOILGAS	1,984.15	-0.13	3.02	4.79	37.73	89.54	362
NGXPENBRD	1,718.78	-0.42	0.35	1.85	-2.94	29.21	7,055
NGXPENSION	3,999.09	-0.50	0.90	5.27	6.64	21.86	5,191
NGXPREMIUM	9,029.27	-0.94	0.82	3.79	-8.49	24.63	2,117
NGXSOVBND	624.30	0.00	0.00	-3.38	-18.50	-17.83	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"