InfoWARE Analyst Daily Market Report (07-Nov-2024 15:07:45.998)

InfoWARE Analyst Daily Market Report (07-Nov-2024 15:07:45.998)
(Source: InfoWARE Terminal, Date: 07-Nov-2024)

Dear Investor,

InfoWARE Analyst Daily Market Report - 07-Nov-2024 15:07:45.996

The Nigerian equities market recorded another up day, as the NGX All-Share Index (NGXASI) closed the day up by 0.37%, to bring the Year-to-Date returns up 27.55%. The All Share Index closed at 96,924.86 against the previous close of 96,567.24, volume traded increased by 47.80% from 418.37M to 618.34M, while market turnover (the total value of shares traded) increased by 55.95% from NGN10.04B to NGN15.66B in 9,299.00 deals.
Market breadth (1.81x) signified Forty-seven (47) advancers, as against Twenty-six (26) decliners. Volume was up for 82 companies and down for 77

Top ASI Gainers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
EUNISELL	7.46	32.69	9.92	32.69	45.91	182.76	156.25
CONOIL	215.00	24.93	10.00	24.93	24.93	40.77	181.88
JOHNHOLT	3.99	20.66	9.77	20.66	32.73	57.55	88.79
SOVRENINS	0.59	12.28	8.47	12.28	12.28	4.92	48.84
ARADEL	401.10	10.00	10.00	10.00	-0.99	-42.92	-42.92
TIP	2.10	9.52	9.52	9.52	0.00	15.00	82.54
SUNUASSUR	2.09	9.09	9.09	9.09	9.09	34.12	88.43
MERVALUE	225.50	9.04	-0.53	9.04	9.04	-9.19	576.01
VERITASKAP	1.31	8.59	6.11	8.59	-2.11	-16.27	286.11
PZ	24.95	8.48	0.00	8.48	13.41	27.95	-13.97

Top ASI Losers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
VSPBONDETF	186.00	-93.55	7.53	-93.55	0.00	53.85	-66.67
OANDO	65.40	-13.26	7.03	-13.26	-21.92	-9.09	545.16
GREENWETF	608.00	-9.93	0.00	-9.93	-9.93	-23.43	-49.33
NASCON	30.00	-7.83	0.00	-7.83	-7.83	-3.23	-44.44
LASACO	2.22	-6.38	-0.90	-6.38	-13.73	-4.35	15.79
TANTALIZER	0.64	-6.25	-6.25	-6.25	-6.25	-7.69	22.45
WEMABANK	8.00	-5.63	-5.63	-5.63	-5.63	2.03	36.04
TRANSCORP	43.50	-4.92	0.00	-4.92	-4.92	288.39	356.93
CUTIX	2.43	-4.71	0.00	-4.71	-4.71	-6.90	-1.22
GUINEAINS	0.45	-4.26	0.00	-4.26	0.00	-2.17	55.17

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"

CONOIL PLC (CONOIL) topped the advancers list closing at N236.50 with a gain of 10.00% followed by ARADEL HOLDINGS PLC (ARADEL) which closed at N441.20 with a gain of 10.00%.

On the flip side TANTALIZERS PLC (TANTALIZER) and NIGERIAN EXCHANGE GROUP (NGXGROUP) topped the decliners log with a loss of -6.25% at a close of N0.60, and -5.81% to close the day at N23.50 respectively.

Top Gainers

Symbol	LClose	%Chg
CONOIL	236.50	10.00
ARADEL	441.20	10.00
EUNISELL	8.20	9.92
JOHNHOLT	4.38	9.77
THOMASWY	1.92	9.71

Top Losers

Symbol	LClose	%Chg
TANTALIZER	0.60	-6.25
NGXGROUP	23.50	-5.81
WEMABANK	7.55	-5.63
RTBRISCOE	3.00	-4.46
FCMB	9.40	-3.59

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 0.15%(-2.51) 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
CONHALLPLC	1.59	8.81	1.47	42.07	0.03	3.45	17.02B	8.66M	68.00	13.44M	07-Nov-2024 14:30:14.637
TIP	2.30	8.70	2.19			0.00	2.05B	1.20M	27.00	2.76M	07-Nov-2024 14:30:57.300
NEIMETH	1.92	8.33	1.91	109.14	0.02	3.89	8.20B	846.99K	15.00	1.61M	07-Nov-2024 14:30:22.857
ABCTRANS	1.30	7.69	1.29	7.45	0.17	1.97	3.11B	912.23K	30.00	1.18M	07-Nov-2024 14:30:13.463
DAARCOMM	0.66	7.58	0.64	0.00	0.00	0.00	7.92B	239.17K	17.00	152.11K	07-Nov-2024 14:30:19.703
AFRIPRUD	9.70	5.15	9.33	15.19	0.61	1.63	19.40B	496.66K	41.00	4.77M	07-Nov-2024 14:30:13.620
CILEASING	3.88	5.15	3.75	5.96	0.64	1.32	3.03B	14.22M	70.00	51.98M	07-Nov-2024 14:30:14.590
NGXINS	448.78	1.80	442.93	10.41	2.09	0.00	0.00	37.88M	416.00	39.81M	07-Nov-2024 14:30:30.360
FG202034S2	96.14	0.92	95.35			0.00	0.00	1.49K	1.00	1.44M	07-Nov-2024 14:30:27.370

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
NGX30	3,669.36	-0.05	3,680.36	575.61	329.08	0.00	0.00	205.16M	4,630.00	6.07B	07-Nov-2024 14:30:30.153
OMATEK	0.64	-3.13	0.65	6.61	0.10	0.00	1.88B	569.70K	11.00	370.96K	07-Nov-2024 14:30:23.243
RTBRISCOE	3.00	-4.67	3.11	0.00	0.00	3.28	3.53B	928.68K	19.00	2.80M	07-Nov-2024 14:30:23.513
WEMABANK	7.55	-5.96	7.94	201.78	0.04	6.25	97.08B	16.26M	265.00	125.23M	07-Nov-2024 14:30:52.967
TANTALIZER	0.60	-6.67	0.62	0.00	0.00	3.13	1.93B	2.34M	32.00	1.38M	07-Nov-2024 14:30:23.827

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	105.93M	35.91M	195.01	2.16	2.21	-2.26	87	224.10M
ELLAHLAKES	ELLAH LAKES PLC.	92.00M	5.66M	1,525.05	3.56	3.50	1.71	117	327.64M
FBNH	FBN HOLDINGS PLC	70.60M	14.05M	402.48	27.25	27.65	-1.45	272	1.93B
OANDO	OANDO PLC	57.16M	15.52M	268.41	70.00	65.40	7.03	1,781	3.59B
JBERGER	JULIUS BERGER NIG. PLC.	26.58M	2.87M	825.25	172.50	172.50	0.00	104	4.55B

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	269.48	0.03	0.01
Botswana Stock Exchange	9,878.53	0.00	0.00
Egyptian Exchange	31,045.26	252.50	0.82
Ghana Stock Exchange	4,557.63	0.91	0.02
Johannesburg Stock Exchange	85,329.75	-1,317.03	-1.52
Lusaka Stock Exchange	15,988.40	-11.20	-0.07
Malawi Stock Exchange	147,729.86	44.31	0.03
Nigeria Stock Exchange	96,567.24	-553.59	-0.57
Nairobi Securities Exchange	116.60	-0.16	-0.14
Namibian Stock Exchange	1,858.03	-20.48	-1.09
Rwanda Stock Exchange	146.08	0.00	0.00
Tunis Stock Exchange	9,841.25	-28.62	-0.29
Uganda Securities Exchange	1,168.06	1.40	0.12

Nigeria Market Indexes

Symbol	LClose	%Chg	WTD%	MTD%	QTD%	YTD%	Trades
ASI	96,924.86	0.37	0.02	-0.52	-1.33	27.55	9,299
NGX30	3,669.36	-0.05	-0.12	-0.14	0.59	29.25	4,630
NGXAFRBVI	2,352.15	-0.23	1.43	3.35	14.43	14.42	2,106
NGXAFRHDYI	14,602.44	0.49	1.46	2.08	7.49	97.49	1,981
NGXASEM	1,583.71	0.00	0.00	0.00	0.00	147.63	2
NGXBNK	1,030.82	-0.38	1.82	2.97	11.38	15.28	2,601
NGXCG	2,612.81	-0.21	0.82	1.36	10.30	17.82	4,622
NGXCNSMRGDS	1,556.41	0.01	-0.18	0.03	-1.54	38.31	650
NGXGROWTH	6,738.04	0.24	0.21	-0.03	30.62	14.69	46
NGXINDUSTR	3,451.64	0.02	-0.01	-0.01	-9.34	24.59	346
NGXINS	448.78	1.84	0.97	0.21	3.39	38.22	416
NGXLOTUSISLM	5,791.70	0.32	-0.01	-0.06	-4.73	23.81	855
NGXMAINBOARD	4,710.00	0.59	-0.28	-1.05	-2.39	32.63	6,678
NGXMERIGRW	5,984.11	0.14	1.89	3.71	12.40	30.08	1,151
NGXMERIVAL	9,344.85	-0.26	0.02	0.12	20.44	76.90	2,730
NGXOILGAS	2,398.10	1.77	4.17	4.00	20.61	129.08	304
NGXPENBRD	1,736.76	-0.02	0.25	0.24	1.52	30.56	6,610
NGXPENSION	4,267.58	-0.11	0.69	1.02	7.35	30.04	5,087
NGXPREMIUM	9,094.02	-0.05	0.60	0.52	1.19	25.52	2,575
NGXSOVBND	629.53	0.06	0.06	0.11	0.84	-17.14	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"