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InfoWARE Analyst Daily Market Report (11-Nov-2024 15:47:28.638)
(Source: InfoWARE Terminal, Date: 11-Nov-2024)
Dear Investor,
InfoWARE Analyst Daily Market Report - 11-Nov-2024 15:47:28.609

The Nigerian equities market recorded another up day, as the NGX All-Share Index (NGXASI) closed the day up by 0.14%, to bring the Year-to-Date returns up 28.14%. The All Share Index closed at 97,374.25 against the previous close of 97,236.19, volume traded decreased by -38.96% from 473.36M to 288.93M, while market turnover (the total value of shares traded) decreased by -15.04% from NGN7.62B to NGN6.47B in 9,440.00 deals.
Market breadth (0.76x) signified Thirty-two (32) advancers, as against Forty-two (42) decliners. Volume was up for 78 companies and down for 79


Top ASI Gainers Over Last 5 Trading Days

SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
VSPBONDETF170.00383.33428.820.00349.50591.5349.83
ARADEL485.3033.089.990.0019.79-30.94-30.94
JOHNHOLT4.8132.589.980.0060.3090.29128.02
CONOIL260.0020.930.000.0037.3554.76209.89
EUNISELL8.2020.9110.000.0060.50211.03181.88
CONHALLPLC1.7010.34-5.880.008.1113.4820.30
DAARCOMM0.669.841.520.00-1.47-10.67-32.32
THOMASWY1.929.710.000.00-1.03-3.03-20.99
TIP2.309.520.000.000.0015.0082.54
NEIMETH1.909.091.050.00-1.03-0.52-1.03

Top ASI Losers Over Last 5 Trading Days

SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
STANBICETF30410.00-10.00-1.220.00-10.00-19.00-40.53
MEYER7.67-9.980.000.00-9.98-9.98113.65
ABBEYBDS2.66-9.830.000.00-18.15-3.279.02
ETERNA24.80-9.820.000.00-9.82-17.3363.16
LOTUSHAL1527.00-9.81-9.810.00-9.81-26.217.74
UCAP17.90-8.24-9.780.00-10.03-10.28-32.71
PRESTIGE0.60-6.67-6.670.00-5.087.6921.74
TANTALIZER0.56-6.257.140.00-6.25-7.6922.45
TRIPPLEG1.82-5.49-5.490.00-5.49-65.53-20.00
CAVERTON1.92-4.71-5.210.00-9.00-16.51-7.14

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"


VETIVA S & P NIGERIA SOVEREIGN BOND ETF (VSPBONDETF) topped the advancers list closing at N898.99 with a gain of 428.82% followed by EUNISELL INTERLINKED PLC (EUNISELL) which closed at N9.02 with a gain of 10.00%.

On the flip side LOTUS HALAL EQUITY ETF (LOTUSHAL15) and UNITED CAPITAL PLC (UCAP) topped the decliners log with a loss of -9.81% at a close of N24.35, and -9.78% to close the day at N16.15 respectively.

Top Gainers
SymbolLClose%Chg
VSPBONDETF898.99428.82
EUNISELL9.0210.00
ARADEL533.809.99
JOHNHOLT5.299.98
DEAPCAP1.179.35
Top Losers
SymbolLClose%Chg
LOTUSHAL1524.35-9.81
UCAP16.15-9.78
SOVRENINS0.64-7.25
PRESTIGE0.56-6.67
CONHALLPLC1.60-5.88

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 1.16%(-19.33) sharply against the Dollar to settle at 1 to 1


Investment Insights - Top 5 Gainers YTD

These stocks are the best performers whose price has risen faster than the market as a whole with the best returns year to date. Momentum investors believe that stocks that have outperformed the market will often continue to do so because the factors that caused them to outperform will not suddenly disappear. In addition, other investors seeking to benefit from the stock’s outperformance will often purchase the stock, further bidding its price higher and pushing the stock higher still

NGX Top 5 Gainers YTD

For more detailed analysis,



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
VSPBONDETF898.9981.09458.540.000.001.001.00898.9911-Nov-2024 14:30:50.060
FGSUK2027S389.9320.7780.450.000.003.95K3.003.18M11-Nov-2024 14:30:33.193
ARADEL533.809.09510.390.000.000.002,319.28B1.88M323.001.00B11-Nov-2024 14:30:14.807
CUSTODIAN12.607.9412.173.523.291.2974.11B736.94K68.008.93M11-Nov-2024 14:30:15.560
LINKASSURE0.922.170.9159.890.025.5612.88B701.85K16.00680.24K11-Nov-2024 14:30:17.080


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
FGSUK2031S487.000.0087.170.000.000.000.000.0011-Nov-2024 14:30:33.377
IKEJAHOTEL8.050.008.0651.870.160.9316.73B541.43K38.004.44M11-Nov-2024 14:30:16.583
AIICO1.19-0.841.202.000.604.1743.56B8.34M111.009.94M11-Nov-2024 14:30:49.380
GUINEAINS0.46-4.350.4762.860.012.082.82B3.66M36.001.70M11-Nov-2024 14:30:16.453
UACN20.60-4.6121.159.192.351.0260.28B733.07K57.0015.09M11-Nov-2024 14:30:21.290
PRESTIGE0.56-7.140.577.870.083.337.42B4.94M38.002.87M11-Nov-2024 14:30:20.367
LOTUSHAL1524.35-10.8826.710.000.0026.001.00633.1011-Nov-2024 14:30:49.860


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
STERLINGNGSTERLING FINANCIAL HOLDINGS COMPANY PLC36.13M15.97M126.315.005.25-4.76168180.86M
FLOURMILLFLOUR MILLS NIG. PLC.15.03M1.35M1,011.6865.0064.001.5661977.29M
UCAPUNITED CAPITAL PLC11.63M5.58M108.3416.1517.90-9.78443187.83M
SUNUASSURSUNU ASSURANCES NIGERIA PLC.1.35M645.22K109.522.062.060.00452.98M
JOHNHOLTJOHN HOLT PLC.1.22M145.37K741.575.294.819.98486.11M


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
CORNERST6.437.080.350.8866.6728.140.12
WAPIC3.0361.390.020.8743.4828.140.13
MAYBAKER3.8557.470.140.8548.5728.140.15
FLOURMILL2.8165.590.980.8496.3728.140.16
AFRIPRUD1.5516.020.610.8231.5128.140.18
DEAPCAP14.02185.380.010.8085.7128.140.20
UNILEVER3.1360.420.400.7761.0728.140.23
VETGOODS0.000.7543.2328.140.25
NEM7.1422.820.370.7246.5528.140.28
JBERGER1.7416.7310.310.70301.1628.140.30


African Markets
NameLCloseChange%Chg
BRVM Stock Exchange271.331.130.42
Egyptian Exchange31,267.47223.520.72
Ghana Stock Exchange4,629.1017.980.39
Johannesburg Stock Exchange85,124.52-877.22-1.02
Lusaka Stock Exchange15,994.006.400.04
Casablanca Stock Exchange14,663.22175.301.21
Malawi Stock Exchange148,395.23266.630.18
Nigeria Stock Exchange97,236.19310.160.32
Nairobi Securities Exchange115.590.250.22
Namibian Stock Exchange1,851.79-26.48-1.41
Rwanda Stock Exchange145.88-0.04-0.03
Tunis Stock Exchange9,841.457.870.08
Uganda Securities Exchange1,171.832.920.25
Nigeria Market Indexes
SymbolLClose%ChgWTD%MTD%QTD%YTD%MktCapTrades
ASI97,374.250.140.00-0.06-0.8728.149,440
NGX303,659.88-0.230.00-0.400.3328.925,375
NGXAFRBVI2,325.52-0.780.002.1813.1313.132,337
NGXAFRHDYI14,299.98-3.110.00-0.045.2793.402,346
NGXASEM1,583.710.000.000.000.00147.637
NGXBNK1,020.92-0.810.001.9810.3114.172,648
NGXCG2,593.55-0.630.000.619.4916.955,336
NGXCNSMRGDS1,554.67-0.100.00-0.08-1.6538.15801
NGXGROWTH6,750.390.020.000.1530.8614.9042
NGXINDUSTR3,450.10-0.030.00-0.05-9.3824.53452
NGXINS449.360.230.000.343.5238.40642
NGXLOTUSISLM5,752.02-0.660.00-0.75-5.3822.961,009
NGXMAINBOARD4,752.370.320.00-0.16-1.5133.826,598
NGXMERIGRW5,873.15-1.670.001.7810.3127.671,183
NGXMERIVAL9,368.190.140.000.3720.7477.343,102
NGXOILGAS2,434.780.160.005.6022.45132.58416
NGXPENBRD1,732.99-0.210.000.021.3030.287,543
NGXPENSION4,240.74-0.550.000.396.6729.225,927
NGXPREMIUM9,059.37-0.200.000.140.8025.042,800
NGXSOVBND629.530.000.000.110.84-17.140

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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