InfoWARE Analyst Daily Market Report (12-Nov-2024 15:07:56.454)

InfoWARE Analyst Daily Market Report (12-Nov-2024 15:07:56.454)
(Source: InfoWARE Terminal, Date: 12-Nov-2024)

Dear Investor,

InfoWARE Analyst Daily Market Report - 12-Nov-2024 15:07:56.453

The Nigerian equities market recorded another down day, as the NGX All-Share Index (NGXASI) closed the day down by -0.12%, to bring the Year-to-Date returns up 27.99%. The All Share Index closed at 97,260.75 against the previous close of 97,373.94, volume traded increased by 16.91% from 288.93M to 337.79M, while market turnover (the total value of shares traded) increased by 16.22% from NGN6.47B to NGN7.52B in 9,199.00 deals.
Market breadth (0.95x) signified Thirty-five (35) advancers, as against Thirty-seven (37) decliners. Volume was up for 78 companies and down for 80

Top ASI Gainers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
JOHNHOLT	5.29	32.65	9.83	9.83	76.06	108.99	150.43
ARADEL	533.80	20.99	0.00	0.00	19.79	-30.94	-30.94
EUNISELL	9.02	20.98	9.98	9.98	76.51	242.07	210.00
NEWGOLD	27,000.00	11.11	11.11	11.11	14.50	11.11	102.02
CONOIL	260.00	9.94	0.00	0.00	37.35	54.76	209.89
LASACO	2.40	9.09	0.00	0.00	-5.88	4.35	26.32
FTNCOCOA	1.90	8.57	0.00	0.00	-1.04	3.83	22.58
MCNICHOLS	1.51	7.91	-0.66	-0.66	6.38	0.00	63.04
MANSARD	6.25	6.96	0.80	0.80	6.78	14.55	14.55
WAPIC	0.99	5.26	1.01	1.01	8.70	19.05	44.93

Top ASI Losers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
OANDO	68.50	-11.36	-9.42	-9.42	-30.79	-19.42	471.89
MERVALUE	224.30	-10.00	-10.00	-10.00	-1.86	-18.27	508.41
VFDGROUP	45.00	-10.00	-10.00	-10.00	-10.00	-10.00	-80.04
MEYER	7.67	-9.98	0.00	0.00	-9.98	-9.98	113.65
ABBEYBDS	2.66	-9.83	0.00	0.00	-18.15	-3.27	9.02
ETERNA	24.80	-9.82	0.00	0.00	-9.82	-17.33	63.16
LOTUSHAL15	24.35	-9.81	0.00	0.00	-9.81	-26.21	7.74
UCAP	16.15	-9.09	-0.93	-0.93	-10.86	-11.11	-33.33
STANBICETF30	405.00	-8.89	1.23	1.23	-8.89	-18.00	-39.79
THOMASWY	1.92	-8.85	-8.85	-8.85	-9.79	-11.62	-27.98

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"

NEWGOLD EXCHANGE TRADED FUND (ETF) (NEWGOLD) topped the advancers list closing at N30,000.00 with a gain of 11.11% followed by EUNISELL INTERLINKED PLC (EUNISELL) which closed at N9.92 with a gain of 9.98%.

On the flip side VETIVA S & P NIGERIA SOVEREIGN BOND ETF (VSPBONDETF) and VFD GROUP PLC (VFDGROUP) topped the decliners log with a loss of -78.74% at a close of N191.10, and -10.00% to close the day at N40.50 respectively.

Top Gainers

Symbol	LClose	%Chg
NEWGOLD	30,000.00	11.11
EUNISELL	9.92	9.98
JOHNHOLT	5.81	9.83
SUNUASSUR	2.26	9.71
UNIVINSURE	0.34	6.25

Top Losers

Symbol	LClose	%Chg
VSPBONDETF	191.10	-78.74
VFDGROUP	40.50	-10.00
MERVALUE	201.87	-10.00
ROYALEX	0.56	-9.68
OANDO	62.05	-9.42

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 appreciated 0.62%(10.51) 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	Vol	Trades	Value	LstTradeTime
FGSUK2033S6	100.00	10.00	92.27			4.02K	4.00	4.02M	12-Nov-2024 14:30:40.937
NEWGOLD	30,000.00	10.00	28,033.40	0.00	0.00	158.00	10.00	4.67M	12-Nov-2024 14:31:01.310
FGS202659	80.00	0.00	80.00			0.00	0.00	0.00	12-Nov-2024 14:30:40.373

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
NGXAFRHDYI	14,312.76	0.09	14,313.24	7.46	39.30	0.00	0.00	59.13M	1,782.00	2.43B	12-Nov-2024 14:30:41.913
FBNH	27.30	0.00	27.31	11.73	2.33	1.47	979.94B	4.54M	224.00	123.52M	12-Nov-2024 14:31:01.717
FG202033S6	98.32	0.00	98.32			0.00	0.00	0.00	0.00	0.00	12-Nov-2024 14:30:39.037
LINKASSURE	0.90	-2.22	0.91	61.22	0.02	5.43	12.60B	1.89M	18.00	1.70M	12-Nov-2024 14:30:30.600
STERLINGNG	4.86	-2.88	4.91	16.76	0.30	3.00	139.92B	10.99M	146.00	54.35M	12-Nov-2024 14:31:00.887
MERVALUE	201.87	-11.11	211.68			0.00	0.00	1.00K	1.00	201.87K	12-Nov-2024 14:31:01.283
VSPBONDETF	191.10	-370.43	459.94			0.00	0.00	1.51K	14.00	366.26K	12-Nov-2024 14:31:01.577

Economic Indicators - Nigeria FX Reserves Vs ASI Chart

Nigeria FX Reserves are assets held on reserve by CBN in foreign currencies. These reserves are used to back liabilities and influence monetary policy. Given the nature of the Nigeria economy, FX Reserves can appear to have an outsize influence on the economy and hence on the capital market. The chart below allows comparison of FX Reserves against the ASI to make investment decisions

For more detailed analysis,

On InfoWARE Market Data Terminal <CI> <GO>
On InfoWARE Finance Mobile App ( Android , iPhone & iPad and Windows 10) , "Research"

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
UCAP	UNITED CAPITAL PLC	76.76M	5.59M	1,272.56	16.00	16.15	-0.93	1,202	1.18B
IKEJAHOTEL	IKEJA HOTEL PLC	5.19M	259.61K	1,899.77	7.70	8.05	-4.35	59	38.68M
VFDGROUP	VFD GROUP PLC	3.63M	28.17K	12,790.37	40.50	45.00	-10.00	13	147.08M
MTNN	MTN NIGERIA PLC	3.51M	1.45M	141.73	170.00	169.00	0.59	383	597.66M
NAHCO	NIGERIAN AVIATION HANDLING COMPANY PLC	2.54M	1.13M	124.86	38.00	38.00	0.00	67	96.35M

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	271.33	1.13	0.42
Egyptian Exchange	31,267.47	223.52	0.72
Ghana Stock Exchange	4,629.10	17.98	0.39
Johannesburg Stock Exchange	85,124.52	-877.22	-1.02
Lusaka Stock Exchange	15,994.00	6.40	0.04
Casablanca Stock Exchange	14,663.22	175.30	1.21
Malawi Stock Exchange	148,395.23	266.63	0.18
Nigeria Stock Exchange	97,236.19	310.16	0.32
Nairobi Securities Exchange	115.59	0.25	0.22
Namibian Stock Exchange	1,851.79	-26.48	-1.41
Rwanda Stock Exchange	145.88	-0.04	-0.03
Tunis Stock Exchange	9,841.45	7.87	0.08
Uganda Securities Exchange	1,171.83	2.92	0.25

Nigeria Market Indexes

Symbol	LClose	%Chg	WTD%	MTD%	QTD%	YTD%	Trades
ASI	97,260.75	-0.12	-0.12	-0.18	-0.99	27.99	9,199
NGX30	3,662.00	0.06	0.06	-0.34	0.38	28.99	5,305
NGXAFRBVI	2,344.93	0.83	0.83	3.03	14.08	14.07	1,644
NGXAFRHDYI	14,312.76	0.09	0.09	0.05	5.36	93.58	1,782
NGXASEM	1,583.71	0.00	0.00	0.00	0.00	147.63	2
NGXBNK	1,025.88	0.49	0.49	2.48	10.84	14.73	1,953
NGXCG	2,601.45	0.31	0.30	0.92	9.82	17.31	5,228
NGXCNSMRGDS	1,541.36	-0.86	-0.86	-0.94	-2.49	36.97	873
NGXGROWTH	6,749.36	-0.02	-0.02	0.14	30.84	14.88	29
NGXINDUSTR	3,450.10	0.00	0.00	-0.05	-9.38	24.53	330
NGXINS	449.71	0.08	0.08	0.42	3.60	38.51	536
NGXLOTUSISLM	5,730.32	-0.38	-0.38	-1.12	-5.74	22.49	978
NGXMAINBOARD	4,736.57	-0.33	-0.33	-0.49	-1.84	33.38	7,033
NGXMERIGRW	5,929.84	0.97	0.97	2.77	11.38	28.90	977
NGXMERIVAL	9,338.48	-0.32	-0.32	0.06	20.36	76.78	2,429
NGXOILGAS	2,435.19	0.02	0.02	5.61	22.47	132.62	332
NGXPENBRD	1,733.58	0.03	0.03	0.05	1.33	30.32	7,248
NGXPENSION	4,250.73	0.24	0.24	0.62	6.92	29.52	5,784
NGXPREMIUM	9,087.20	0.31	0.31	0.44	1.11	25.43	2,137
NGXSOVBND	629.53	0.00	0.00	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"