Before it's here, it's on InfoWARE Market Data Terminal; Years of Fundamentals, Analytics and more... VFDGROUP 10.00  TOTAL 9.61  GUINEAINS 9.52  INTENEGINS 9.33  ABBEYBDS 8.88  FTNCOCOA 6.25  FCMB 2.76  DANGSUGAR 2.03  INTBREW 0.20  STANBICETF30 -10.00  OANDO -10.00  CORNERST -10.00  RTBRISCOE -10.00  NSLTECH -10.00  HONYFLOUR -9.98  CONHALLPLC -9.94  SUNUASSUR -9.90  MANSARD -9.61  AFRIPRUD -9.60 
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InfoWARE AI Analyst Daily Market Report: 07-Apr-2025
(Source: InfoWARE Terminal, Date: 07-Apr-2025)
Dear Investor,

NGX Market Summary - Monday, April 7, 2025

Key Market Performance

The NGX All-Share Index (ASI) fell -1.23% to close at 105,511.89, trimming YTD gains to +1.00%. Market breadth remained weak at 0.16x (9 advancers vs 56 decliners), though turnover surged +28.2% to ₦9.81B. The Naira weakened slightly to ₦1,539/USD (-0.20%).

🔍 Critical Observations

  • Momentum Extremes: VFDGROUP (+10%) hit overbought RSI 83.4 while OANDO (-10%) plunged to oversold RSI 26.1
  • Institutional Dominance: Institutions drove 85.93% of trade value despite only 12.94% of trade count
  • Volume Surges: FCMB saw +503% volume spike, MBENEFIT +673% - both insurance stocks

📊 Technical Crosscurrents

Stock Price RSI MACD Signal 15D/50D MA
ABBEYBDS ₦5.15 98.4 (Extreme OB) Bullish Crossover ▲15D > ▼50D
OANDO ₦37.80 26.1 (Severe OS) Bearish Expansion ▼15D < ▼50D

⚠️ Contrarian Signals

  • TOTAL (+9.61% today, RSI 77.8) remains a YTD underperformer at +6.73%
  • GUINEAINS (+9.52%) shows bearish MACD divergence despite price surge
  • ZENITHBANK (Institutional favorite) trades at PE 3.33 vs sector average 6.10

🏦 Institutional Clustering

Stock Inst. Trade Share Beta Dividend Yield
GTCO 19.80% 1.09 1.88%
ZENITHBANK 12.07% 1.20 2.25%

💡 Trader's Edge

  • Defensive Plays: NSLTECH offers 15.87% yield at Beta 0.68
  • Momentum Watch: VFDGROUP's 15D MA crossing 50D MA suggests extended rally
  • Sector Rotation: Insurance stocks show mixed signals - GUINEAINS volume surge vs MBENEFIT institutional selling

📈 Retail vs Institutional Activity

Metric Retail Institutional
Trade Count 87.06% 12.94%
Trade Value 14.07% 85.93%

Notable Divergence: Retail dominated ACCESSCORP (1004 trades) while institutions concentrated on GTCO (19.8% value share). Banking stocks accounted for 63% of institutional flow vs 41% retail.

🚨 Critical Warning

ABBEYBDS shows extreme overbought conditions (RSI 98.4) despite +71.67% YTD gain. Combined with zero PE ratio, this suggests speculative frenzy disconnected from fundamentals.

Disclaimer: This market summary has been generated using InfoWARE's advanced AI tools and data analysis techniques. While every effort has been made to ensure accuracy and reliability, this content should be used for informational purposes only and should not constitute financial advice. Always consult a professional advisor before making investment decisions.

Top ASI Gainers Over Last 5 Trading Days

SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
VFDGROUP57.0020.8110.000.0020.8120.8141.22
NGXGROUP32.4511.900.000.0011.9011.9019.08
LEARNAFRCA3.3010.000.000.0010.0010.00-26.67
TOTAL679.709.619.610.009.619.616.73
GUINEAINS0.639.529.520.009.529.52-22.47
UNIONDICON5.809.430.000.009.439.43-19.44
INTENEGINS1.509.339.330.009.339.33-12.30
ABBEYBDS4.738.888.880.008.888.8871.67
SMURFIT0.427.690.000.007.697.69110.00
TRANSCOHOT145.007.130.000.007.137.1325.00

Top ASI Losers Over Last 5 Trading Days

SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
VSPBONDETF191.21-21.960.000.00-21.96-21.96-45.37
NSLTECH0.50-18.18-10.000.00-18.18-18.18-34.78
STANBICETF30350.00-18.06-10.000.00-18.06-18.06-14.63
MBENEFIT0.97-17.76-9.280.00-17.76-17.7644.26
MAYBAKER7.85-17.44-9.550.00-17.44-17.44-24.47
OANDO42.00-17.29-10.000.00-17.29-17.29-42.55
UNIVINSURE0.52-15.79-7.690.00-15.79-15.79-33.33
ROYALEX1.01-15.60-8.910.00-15.60-15.60-16.36
VERITASKAP1.05-14.41-9.520.00-14.41-14.41-36.24
HONYFLOUR11.32-13.64-9.980.00-13.64-13.6447.25

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"


VFD GROUP PLC (VFDGROUP) topped the advancers list closing at N62.70 with a gain of 10.00% followed by TOTAL NIGERIA PLC. (TOTAL) which closed at N745.00 with a gain of 9.61%.

On the flip side CORNERSTONE INSURANCE COMPANY PLC. (CORNERST) and SECURE ELECTRONIC TECHNOLOGY PLC (NSLTECH) topped the decliners log with a loss of -10.00% at a close of N2.97, and -10.00% to close the day at N0.45 respectively.

Top Gainers
SymbolLClose%Chg
VFDGROUP62.7010.00
TOTAL745.009.61
GUINEAINS0.699.52
INTENEGINS1.649.33
ABBEYBDS5.158.88
Top Losers
SymbolLClose%Chg
CORNERST2.97-10.00
NSLTECH0.45-10.00
OANDO37.80-10.00
RTBRISCOE2.16-10.00
STANBICETF30315.00-10.00

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 0.20%(-3.11) 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
FGSUK2027S394.9319.9479.930.000.002.002.001.75K07-Apr-2025 14:31:13.070
GUINEAINS0.698.700.6866.790.011.964.24B4.12M44.002.84M07-Apr-2025 14:30:52.157


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
CILEASING3.87-0.783.896.500.641.203.03B603.45K24.002.29M07-Apr-2025 14:30:49.900
NGXMAINBOARD5,010.72-1.035,050.0812.90225.050.000.00339.80M10,616.006.33B07-Apr-2025 14:31:14.697
ASI104,216.87-1.24105,362.3611.84457.690.000.00430.56M14,612.009.81B07-Apr-2025 14:31:14.187
NGXPENBRD1,866.79-1.261,883.91348.78389.180.000.00356.90M12,273.009.28B07-Apr-2025 14:31:14.823
NGX303,869.96-1.283,909.38575.61329.080.000.00259.83M8,712.008.78B07-Apr-2025 14:31:14.210
CUTIX2.39-2.932.438.810.266.528.42B5.89M94.0013.68M07-Apr-2025 14:31:44.147
NGXPENSION4,659.78-2.944,732.49429.80359.590.000.00269.49M9,406.009.00B07-Apr-2025 14:31:14.880
NEM13.10-3.0513.3824.990.376.5265.72B2.91M77.0038.27M07-Apr-2025 14:30:54.587
TIP3.85-3.384.010.003.43B522.51K32.002.03M07-Apr-2025 14:31:51.167
NGXMERIGRW6,641.53-3.686,845.6834.89293.990.000.0017.03M1,803.00642.11M07-Apr-2025 14:31:14.717
FGSUK2033S697.00-4.1299.530.000.007.50K2.007.28M07-Apr-2025 14:31:13.203
VETGRIF3040.20-4.4841.200.000.0013.18K7.00528.57K07-Apr-2025 14:31:45.967
NGXAFRHDYI15,857.05-4.6816,491.947.4639.300.000.00159.20M4,106.005.19B07-Apr-2025 14:31:14.343
NGXCG2,878.31-4.692,959.14443.35327.970.000.00206.43M8,373.007.50B07-Apr-2025 14:31:14.500
ZENITHBANK45.50-5.2747.443.3313.302.251,428.54B31.67M1,120.001.47B07-Apr-2025 14:31:46.480
NGXBNK1,098.74-5.801,133.456.1034.650.000.00136.95M4,442.003.77B07-Apr-2025 14:31:14.477
NB32.00-6.2533.1316.951.603.79328.84B963.94K132.0031.38M07-Apr-2025 14:30:54.500
NGXAFRBVI2,505.76-6.692,584.383.1435.500.000.00118.08M4,256.005.22B07-Apr-2025 14:31:14.327
UPDCREIT5.70-7.026.029.090.5710.8715.21B357.16K62.002.09M07-Apr-2025 14:31:20.940
UBA34.05-8.2236.328.294.055.961,164.49B19.86M951.00709.54M07-Apr-2025 14:31:50.543
SOVRENINS0.91-9.890.9727.950.033.7510.34B656.25K19.00599.63K07-Apr-2025 14:30:56.120
DAARCOMM0.60-10.000.630.000.000.007.20B967.76K21.00583.24K07-Apr-2025 14:30:50.293
FIDELITYBK18.05-10.5318.2513.241.175.48523.00B42.53M697.00818.38M07-Apr-2025 14:30:51.627
SUNUASSUR5.19-10.985.560.000.000.9930.16B656.54K47.003.46M07-Apr-2025 14:30:56.617
FGS20265960.00-83.3394.000.000.0020.001.0012.00K07-Apr-2025 14:31:11.360


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
FCMBFCMB GROUP PLC.65.50M10.87M502.659.309.052.76478589.00M
GTCOGUARANTY TRUST HOLDING COMPANY PLC34.48M15.18M127.2065.5069.40-5.621,0752.33B
MBENEFITMUTUAL BENEFITS ASSURANCE PLC.20.19M2.61M672.840.880.97-9.287617.82M
REGALINSREGENCY ALLIANCE INSURANCE COMPANY PLC9.21M4.48M105.360.560.60-6.676404.99M
WAPCOLAFARGE WAPCO PLC.5.69M2.56M122.8272.6072.600.00241380.07M


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
HONYFLOUR1.4016.280.310.9947.251.000.01
FIDELITYBK5.4813.241.170.896.181.000.11
UNILEVER2.8167.090.400.756.811.000.25
HMCALL0.000.000.00-0.7419.101.000.26
VETGOODS0.000.7114.241.000.29
VETGRIF300.000.716.491.000.29
ABBEYBDS1.430.000.000.7071.671.000.30
NEM6.5224.990.370.699.171.000.31
TANTALIZER1.500.000.000.6915.561.000.31
NAHCO6.6692.980.410.6545.631.000.35


African Markets
NameLCloseChange%Chg
BRVM Stock Exchange288.730.980.34
Botswana Stock Exchange10,103.520.000.00
Egyptian Exchange31,699.58-326.67-1.02
Ghana Stock Exchange6,097.0830.940.51
Lusaka Stock Exchange16,261.98-106.39-0.65
Casablanca Stock Exchange17,232.49-25.89-0.15
Malawi Stock Exchange292,054.60-233.83-0.08
Nigeria Stock Exchange105,511.89-10.55-0.01
Nairobi Securities Exchange131.510.260.20
Rwanda Stock Exchange149.010.180.12
Uganda Securities Exchange1,307.346.370.49
Nigeria Market Indexes
SymbolLClose%ChgWTD%MTD%QTD%YTD%MktCapTrades
ASI104,216.87-1.230.00-1.26-1.261.0014,612
NGX303,869.96-1.260.00-1.26-1.261.458,712
NGXAFRBVI2,505.76-6.270.00-5.91-5.911.014,256
NGXAFRHDYI15,857.05-4.470.00-4.73-4.73-6.874,106
NGXASEM1,588.920.000.000.060.060.333
NGXBNK1,098.74-5.480.00-5.35-5.351.044,442
NGXCG2,878.31-4.480.00-4.39-4.391.738,373
NGXCNSMRGDS1,784.99-0.790.00-1.69-1.692.921,127
NGXCOMMDTY1,002.53-0.100.00-0.10-0.100.25
NGXGROWTH7,367.95-0.260.00-0.32-0.32-5.0965
NGXINDUSTR3,482.07-0.010.00-0.23-0.23-2.51742
NGXINS619.08-7.560.00-9.00-9.00-21.261,550
NGXLOTUSISLM7,513.13-0.180.00-0.54-0.547.831,592
NGXMAINBOARD5,010.72-1.020.00-1.00-1.000.1410,616
NGXMERIGRW6,641.53-3.550.00-3.18-3.181.811,803
NGXMERIVAL9,892.97-4.020.00-3.89-3.89-5.155,154
NGXOILGAS2,413.88-0.650.00-1.34-1.34-10.96359
NGXPENBRD1,866.79-1.250.00-1.16-1.161.9212,273
NGXPENSION4,659.78-2.850.00-2.65-2.652.779,406
NGXPREMIUM9,996.70-1.610.00-1.66-1.662.713,931
NGXSOVBND627.620.000.000.120.124.340

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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Disclaimer: This market summary has been generated using InfoWARE's advanced AI tools and data analysis techniques. While every effort has been made to ensure accuracy and reliability, this content should be used for informational purposes only and should not constitute financial advice. Always consult a professional advisor before making investment decisions.
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