InfoWARE Analyst Daily Market Report (17-Oct-2024 15:08:08.042)

InfoWARE Analyst Daily Market Report (17-Oct-2024 15:08:08.042)
(Source: InfoWARE Terminal, Date: 17-Oct-2024)

Dear Investor,

InfoWARE Analyst Daily Market Report - 17-Oct-2024 15:08:08.041

The Nigerian equities market recorded another down day, as the NGX All-Share Index (NGXASI) closed the day down by -0.21%, to bring the Year-to-Date returns up 29.07%. The All Share Index closed at 98,081.38 against the previous close of 98,291.53, volume traded decreased by -8.03% from 252.70M to 232.40M, while market turnover (the total value of shares traded) decreased by -11.44% from NGN5.81B to NGN5.15B in 6,522.00 deals.
Market breadth (1.30x) signified Thirty-nine (39) advancers, as against Thirty (30) decliners. Volume was up for 72 companies and down for 78

Top ASI Gainers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
CHAMPION	3.75	20.58	0.00	20.58	20.58	20.58	-8.54
GOLDBREW	3.40	10.00	10.00	10.00	18.73	18.73	18.73
DANGSUGAR	35.10	9.86	0.00	9.86	3.24	3.24	-38.96
DEAPCAP	1.32	9.85	9.85	9.85	8.21	8.21	130.16
TRANSPOWER	301.70	9.68	9.68	9.68	9.68	9.68	25.34
TANTALIZER	0.60	9.09	0.00	9.09	-7.69	-7.69	22.45
MECURE	12.00	9.09	0.00	9.09	42.86	42.86	11.11
NPFMCRFBK	1.60	8.28	6.25	8.28	-1.16	-1.16	-12.37
ETERNA	25.90	8.10	3.09	8.10	-11.00	-11.00	75.66
TRANSCOHOT	90.00	7.78	7.78	7.78	7.78	7.78	38.22

Top ASI Losers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
VSPBONDETF	200.00	-16.67	-25.00	-16.67	15.38	15.38	-75.00
TRIPPLEG	1.81	-14.93	-5.52	-14.93	-65.73	-65.73	-20.47
CILEASING	3.50	-12.06	0.00	-12.06	-14.63	-14.63	-32.04
ARADEL	772.00	-10.10	-10.00	-10.10	-10.10	-10.10	-10.10
ABCTRANS	1.20	-9.09	0.00	-9.09	15.38	15.38	34.83
CUSTODIAN	11.65	-8.98	0.00	-8.98	-8.98	-8.98	29.44
REGALINS	0.68	-8.82	-8.82	-8.82	-24.39	-24.39	58.97
MCNICHOLS	1.35	-8.45	-3.70	-8.45	-13.33	-13.33	41.30
WAPIC	0.81	-7.95	0.00	-7.95	-3.57	-3.57	17.39
UBA	24.40	-7.92	0.00	-7.92	-9.63	-9.63	-6.15

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"

GOLDEN GUINEA BREW. PLC. (GOLDBREW) topped the advancers list closing at N3.74 with a gain of 10.00% followed by DEAP CAPITAL MANAGEMENT & TRUST PLC (DEAPCAP) which closed at N1.45 with a gain of 9.85%.

On the flip side VETIVA S & P NIGERIA SOVEREIGN BOND ETF (VSPBONDETF) and ARADEL (ARADEL) topped the decliners log with a loss of -25.00% at a close of N150.00, and -10.00% to close the day at N694.80 respectively.

Top Gainers

Symbol	LClose	%Chg
GOLDBREW	3.74	10.00
DEAPCAP	1.45	9.85
TRANSPOWER	330.90	9.68
JAIZBANK	2.39	8.64
TRANSCOHOT	97.00	7.78

Top Losers

Symbol	LClose	%Chg
VSPBONDETF	150.00	-25.00
ARADEL	694.80	-10.00
REGALINS	0.62	-8.82
DAARCOMM	0.55	-6.78
UACN	20.20	-6.70

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 was unchanged against the dollar 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
CONHALLPLC	1.50	6.00	1.43	36.84	0.03	3.94	16.06B	719.71K	17.00	1.08M	17-Oct-2024 14:30:58.703
NPFMCRFBK	1.70	5.88	1.66	5.90	0.27	7.64	10.19B	6.76M	47.00	11.49M	17-Oct-2024 14:30:20.507
CWG	6.20	5.65	6.07	0.00	0.00	2.67	15.65B	298.22K	21.00	1.83M	17-Oct-2024 14:30:16.480
NEWGOLD	29,484.00	4.99	28,864.74	0.00	0.00	0.00	0.00	1.00	1.00	29.48K	17-Oct-2024 14:30:59.523
MANSARD	5.75	4.35	5.58	24.17	0.24	5.92	51.75B	688.97K	49.00	3.85M	17-Oct-2024 14:30:19.243
FTNCOCOA	1.90	2.63	1.88	0.00	0.00	1.59	7.41B	2.42M	38.00	4.70M	17-Oct-2024 14:30:58.777
WAPCO	36.50	1.37	36.40	12.63	2.87	5.25	587.93B	543.48K	61.00	19.70M	17-Oct-2024 14:30:59.877
NGXINS	436.16	1.12	434.12	10.41	2.09	0.00	0.00	27.66M	446.00	38.16M	17-Oct-2024 14:30:33.883
WEMABANK	7.95	0.63	7.89	196.74	0.04	6.41	102.22B	1.38M	54.00	10.71M	17-Oct-2024 14:30:22.707
NGXPENBRD	1,714.40	0.52	1,706.13	348.78	389.18	0.00	0.00	185.15M	5,046.00	4.54B	17-Oct-2024 14:30:34.127
CADBURY	18.20	0.00	18.11	28.41	0.64	2.20	34.18B	77.31K	35.00	1.33M	17-Oct-2024 14:30:16.177
MTNN	191.00	0.00	190.65	18,671.38	0.01	2.95	3,887.71B	1.36M	190.00	259.76M	17-Oct-2024 14:30:59.793

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
FGS202764	130.00	0.00	130.00			0.00	0.00	0.00	0.00	0.00	17-Oct-2024 14:30:32.550
FLOURMILL	62.00	0.00	62.03	63.59	0.98	2.90	254.22B	744.93K	53.00	46.48M	17-Oct-2024 14:30:16.960
UACN	20.20	-7.18	20.84	8.95	2.35	1.05	59.11B	627.27K	53.00	12.78M	17-Oct-2024 14:30:22.070
FGSUK2031S4	80.04	-7.20	84.78			0.00	0.00	65.00	1.00	52.03K	17-Oct-2024 14:30:32.747
VSPBONDETF	150.00	-33.33	171.48			0.00	0.00	645.00	6.00	111.30K	17-Oct-2024 14:30:59.670

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
STERLINGNG	STERLING FINANCIAL HOLDINGS COMPANY PLC	42.79M	8.94M	378.54	5.00	5.00	0.00	283	213.02M
NPFMCRFBK	NPF MICROFINANCE BANK PLC	6.76M	938.62K	620.63	1.70	1.60	6.25	47	11.49M
MECURE	MECURE INDUSTRIES PLC	4.12M	127.15K	3,142.13	12.00	12.00	0.00	35	49.48M
LASACO	LASACO ASSURANCE PLC.	3.87M	568.46K	581.00	2.45	2.58	-5.04	45	9.47M
CONOIL	CONOIL PLC	2.65M	162.65K	1,527.10	176.95	168.00	5.33	172	452.49M

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	264.75	-2.59	-0.97
Botswana Stock Exchange	9,796.55	4.90	0.05
Egyptian Exchange	30,273.06	317.53	1.06
Ghana Stock Exchange	4,347.47	0.87	0.02
Johannesburg Stock Exchange	86,398.69	249.83	0.29
Lusaka Stock Exchange	16,052.18	119.50	0.75
Casablanca Stock Exchange	14,048.66	-53.59	-0.38
Malawi Stock Exchange	144,038.98	14.40	0.01
Nigeria Stock Exchange	98,215.13	605.18	0.62
Nairobi Securities Exchange	111.27	1.15	1.04
Namibian Stock Exchange	1,860.17	5.19	0.28
Rwanda Stock Exchange	145.93	0.00	0.00
Tunis Stock Exchange	9,919.68	9.91	0.10
Uganda Securities Exchange	1,128.11	-6.12	-0.54

Nigeria Market Indexes

Symbol	LClose	%Chg	WTD%	MTD%	QTD%	YTD%	Trades
ASI	98,081.38	-0.21	-0.14	-0.15	-0.15	29.07	6,522
NGX30	3,652.85	0.07	-0.06	0.13	0.13	28.67	3,569
NGXAFRBVI	2,031.41	-1.00	-1.63	-1.18	-1.18	-1.18	1,409
NGXAFRHDYI	13,610.20	-1.06	0.95	0.19	0.19	84.07	1,594
NGXASEM	1,583.71	0.00	0.00	0.00	0.00	147.63	5
NGXBNK	921.65	-0.57	-1.38	-0.42	-0.42	3.07	1,659
NGXCG	2,438.38	-0.33	-0.58	2.94	2.94	9.96	3,417
NGXCNSMRGDS	1,562.74	0.01	0.54	-1.14	-1.14	38.87	675
NGXGROWTH	6,365.58	-0.08	5.93	23.40	23.40	8.35	32
NGXINDUSTR	3,581.11	0.08	0.04	-5.94	-5.94	29.26	319
NGXINS	436.16	1.13	-0.61	0.48	0.48	34.34	446
NGXLOTUSISLM	5,939.42	0.42	-0.24	-2.30	-2.30	26.96	668
NGXMAINBOARD	4,851.73	-0.38	-0.07	0.55	0.55	36.62	4,843
NGXMERIGRW	5,301.04	0.05	-0.65	-0.43	-0.43	15.23	823
NGXMERIVAL	8,809.01	-0.03	-0.15	13.53	13.53	66.76	1,890
NGXOILGAS	2,192.42	0.92	1.08	10.26	10.26	109.43	463
NGXPENBRD	1,714.40	0.52	0.53	0.21	0.21	28.88	5,046
NGXPENSION	4,061.72	-0.16	0.09	2.17	2.17	23.76	3,859
NGXPREMIUM	8,884.34	0.12	0.07	-1.15	-1.15	22.63	1,647
NGXSOVBND	603.75	0.00	-3.51	-3.29	-3.29	-20.53	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"