InfoWARE AI Analyst Daily Market Report: 11-Apr-2025

InfoWARE AI Analyst Daily Market Report: 11-Apr-2025
(Source: InfoWARE Terminal, Date: 11-Apr-2025)

Dear Investor,

Welcome to today's market summary for the Nigerian Stock Exchange (NGX) on April 11, 2025. The NGX ASI (All Share Index) experienced a slight decline of -0.21%, closing at 104,788.25. Year-to-date, the index has returned 1.34%. Today's trading volume was 365.97 million, with a market turnover of 9.21 billion Naira, reflecting a 1.83% increase from the previous day. Market breadth was positive, with 39 advancers and 21 decliners, indicating a healthy interest in several stocks despite the overall index decline.

Market Breadth: The market breadth was 1.86x, with 39 advancers and 21 decliners, suggesting a bullish sentiment among investors.
Top Gainers:
- CAVERTON OFFSHORE SUPPORT GRP PLC (CAVERTON): Closed at 2.54, up 9.96%. RSI at 43.99 indicates potential for further gains.
- VFD GROUP PLC (VFDGROUP): Closed at 87.70, up 9.90%. RSI at 94.95 suggests it may be overbought.
- ABBEY BUILDING SOCIETY PLC (ABBEYBDS): Closed at 6.13, up 9.86%. Strong momentum with RSI at 99.26.
Top Losers:
- DEAP CAPITAL MANAGEMENT & TRUST PLC (DEAPCAP): Closed at 0.93, down -9.71%. RSI at 61.81 indicates it may be stabilizing.
- ROYAL EXCHANGE PLC (ROYALEX): Closed at 0.80, down -9.09%. RSI at 49.15 suggests potential for recovery.
- STANBIC IBTC ETF 30 (STANBICETF30): Closed at 315, down -8.96%. RSI at 45.19 indicates a neutral stance.

Insights and Predictions

Turnover Trends: The increase in market turnover by 1.83% suggests heightened trading activity, which could indicate investor confidence.
Advancing vs. Declining Stocks: The ratio of advancing to declining stocks (1.86x) indicates a bullish sentiment, which may continue if the market maintains this momentum.
Unusual Volume Movements: Stocks like VFDGROUP and MTNN showed significant volume spikes, indicating strong investor interest and potential price movements.
YTD Trends: Notable overlaps in the YTD top gainers and losers suggest that while some stocks are performing well, others are under pressure, indicating a selective market environment.

Contrarian Signals

Stocks like CHAMPION show conflicting indicators with an RSI of 54.4 and a bullish MACD despite a -9.8% YTD performance, suggesting potential for a rebound.

Sector Heatmaps

Sector	Performance	Institutional Activity	Retail Activity
Banking	-0.5%	High	Moderate
Insurance	+1.2%	Moderate	High
Telecommunications	-4.26%	High	Low

Dividend-Beta Matrix

Stock	Dividend Yield	Beta
AFRIPRUD	1.27%	0.64
REGALINS	4.35%	0.47

Institutional Clustering Alerts

Stocks like ZENITHBANK with a 20.17% institutional trade value share indicate strong institutional interest, which could signal future price stability or growth.

High Dividend Yield Stocks

Stocks like REGALINS with a high dividend yield of 4.35% are also present in the bullish momentum table, suggesting they may provide both income and capital appreciation potential.

Suggestions for Traders

Monitor stocks with bullish momentum closely, especially those crossing above their 15-day moving averages.
Be cautious with stocks showing bearish momentum, particularly those with RSI below 30.
Consider high dividend yield stocks as potential defensive plays in a volatile market.

Market Activity Summary

Retail investors accounted for 87.28% of trade counts but only 10.30% of trade value, indicating a focus on lower-value trades. In contrast, institutional investors, while only 12.72% of trade counts, represented 89.70% of trade value, suggesting a preference for larger transactions.

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

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
VFDGROUP	79.80	39.87	9.90	39.87	68.98	68.98	97.52
UNIONDICON	6.95	31.03	9.35	31.03	43.40	43.40	5.56
ABBEYBDS	5.58	19.03	9.86	19.03	29.60	29.60	104.33
LIVESTOCK	8.16	16.99	4.66	16.99	6.75	6.75	92.78
NSLTECH	0.52	15.56	0.00	15.56	-5.45	-5.45	-24.64
PRESTIGE	0.95	14.77	6.32	14.77	1.00	1.00	-24.06
TIP	4.35	12.99	0.00	12.99	6.62	6.62	74.00
JAPAULGOLD	1.84	12.92	9.24	12.92	3.08	3.08	-6.07
WAPIC	2.05	12.82	7.32	12.82	3.77	3.77	-10.93
CAVERTON	2.31	12.39	9.96	12.39	9.48	9.48	-0.39

Top ASI Losers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
NEWGOLD	39,900.00	-18.90	0.00	-18.90	-16.87	-16.87	37.10
ROYALEX	0.88	-13.04	-9.09	-13.04	-26.61	-26.61	-27.27
CAP	43.50	-11.70	-4.60	-11.70	-11.70	-11.70	9.21
ABCTRANS	1.26	-10.00	0.00	-10.00	-10.00	-10.00	2.44
HMCALL	5.22	-10.00	0.00	-10.00	-10.00	-10.00	7.19
UHOMREIT	46.15	-9.95	0.00	-9.95	-9.95	-9.95	26.09
ETERNA	32.30	-9.90	0.00	-9.90	-9.90	-9.90	32.92
PZ	30.10	-9.88	0.00	-9.88	-18.87	-18.87	23.87
UNILEVER	34.70	-9.75	0.00	-9.75	-9.75	-9.75	-3.61
LEARNAFRCA	2.97	-9.09	1.01	-9.09	0.00	0.00	-33.33

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"

CAVERTON OFFSHORE SUPPORT GRP PLC (CAVERTON) topped the advancers list closing at N2.54 with a gain of 9.96% followed by VFD GROUP PLC (VFDGROUP) which closed at N87.70 with a gain of 9.90%.

On the flip side DEAP CAPITAL MANAGEMENT & TRUST PLC (DEAPCAP) and ROYAL EXCHANGE PLC. (ROYALEX) topped the decliners log with a loss of -9.71% at a close of N0.93, and -9.09% to close the day at N0.80 respectively.

Top Gainers

Symbol	LClose	%Chg
CAVERTON	2.54	9.96
VFDGROUP	87.70	9.90
ABBEYBDS	6.13	9.86
FTNCOCOA	1.90	9.83
REGALINS	0.58	9.43

Top Losers

Symbol	LClose	%Chg
DEAPCAP	0.93	-9.71
ROYALEX	0.80	-9.09
STANBICETF30	315.00	-8.96
SOVRENINS	0.85	-7.61
GUINEAINS	0.63	-7.35

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 0.67%(-10.52) 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

For more detailed analysis,

On InfoWARE Market Data Terminal <T5YTD2> <GO>
On InfoWARE Finance Mobile App ( Android , iPhone & iPad and Windows 10) , "Research"

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
CAVERTON	2.54	9.06	2.44	1.15	1.57	5.52	8.51B	1.32M	63.00	3.34M	11-Apr-2025 14:30:49.920
JAPAULGOLD	2.01	8.46	1.91	0.19	12.01	0.90	12.59B	6.59M	108.00	13.01M	11-Apr-2025 14:30:53.297
AIICO	1.55	7.74	1.51	2.01	0.60	4.13	56.74B	12.11M	107.00	18.10M	11-Apr-2025 14:31:55.910
CHAMS	2.15	6.98	2.05	27.02	0.07	1.56	10.10B	1.23M	50.00	2.60M	11-Apr-2025 14:30:50.000
WAPIC	2.20	6.82	2.15	72.55	0.02	2.56	52.78B	4.28M	56.00	9.38M	11-Apr-2025 14:30:58.833
PRESTIGE	1.01	5.94	0.98	10.49	0.08	2.50	13.39B	569.17K	20.00	568.45K	11-Apr-2025 14:30:56.620
FGSUK2033S6	102.96	5.79	99.26			0.00	0.00	4.60K	4.00	4.74M	11-Apr-2025 14:31:22.120
UPDCREIT	5.90	5.08	5.89	9.09	0.57	10.87	15.74B	557.39K	34.00	3.32M	11-Apr-2025 14:31:33.810
FGS202760	100.00	5.00	95.33			0.00	0.00	15.00K	1.00	15.00M	11-Apr-2025 14:31:21.190
ELLAHLAKES	3.14	4.46	3.03	0.00	0.00	0.00	6.28B	5.34M	57.00	16.27M	11-Apr-2025 14:30:51.270
LIVESTOCK	8.54	4.45	8.33	0.00	0.00	2.94	25.62B	3.75M	152.00	31.53M	11-Apr-2025 14:30:53.710
VETBANK	12.69	1.50	12.65			0.00	0.00	4.52K	4.00	57.00K	11-Apr-2025 14:31:57.747
CHAMPION	3.89	1.03	3.88	412.83	0.01	0.41	30.46B	1.66M	23.00	6.31M	11-Apr-2025 14:30:49.967
NGXAFRHDYI	16,514.43	0.99	16,412.03	7.46	39.30	0.00	0.00	109.32M	2,388.00	4.14B	11-Apr-2025 14:31:23.870
NGXBNK	1,136.91	0.54	1,134.64	6.10	34.65	0.00	0.00	155.42M	2,919.00	4.26B	11-Apr-2025 14:31:24.017

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
FCMB	9.35	-0.53	9.38	104.31	0.09	5.62	185.16B	2.25M	158.00	20.79M	11-Apr-2025 14:31:56.123
MTNN	235.00	-4.26	243.89	16,715.80	0.01	3.29	4,783.31B	5.99M	293.00	1.38B	11-Apr-2025 14:31:58.293
UPDC	2.85	-4.91	2.91	0.00	0.00	34.25	52.90B	1.42M	59.00	4.37M	11-Apr-2025 14:30:58.553
DEAPCAP	0.93	-10.75	0.95	188.84	0.01	13.76	1.40B	2.39M	26.00	2.29M	11-Apr-2025 14:30:51.080

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
CUTIX	CUTIX PLC.	29.66M	11.63M	155.11	2.32	2.30	0.87	118	63.01M
MTNN	MTN NIGERIA PLC	5.99M	2.08M	188.38	235.00	245.00	-4.08	293	1.38B
FTNCOCOA	FTN COCOA PROCESSORS PLC	4.86M	2.07M	134.92	1.90	1.73	9.83	85	8.87M
VFDGROUP	VFD GROUP PLC	3.76M	399.77K	840.20	87.70	79.80	9.90	288	328.15M
NGXGROUP	NIGERIAN EXCHANGE GROUP	3.33M	1.32M	153.12	34.45	34.50	-0.14	50	111.32M

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"

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

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

Symbol	DivYield	PE	EPS	Beta	%ChgYTD	ASIYTDReturn	BetaDiff
HONYFLOUR	1.40	16.28	0.31	0.99	60.40	1.34	0.01
FIDELITYBK	5.48	13.24	1.17	0.89	14.12	1.34	0.11
HMCALL	0.00	0.00	0.00	-0.74	7.19	1.34	0.26
VETGOODS	0.00			0.71	14.83	1.34	0.29
VETGRIF30	0.00			0.71	6.49	1.34	0.29
ABBEYBDS	1.43	0.00	0.00	0.70	104.33	1.34	0.30
NEM	6.52	24.99	0.37	0.69	7.50	1.34	0.31
TANTALIZER	1.50	0.00	0.00	0.69	14.22	1.34	0.31
NAHCO	6.66	92.98	0.41	0.65	36.46	1.34	0.35
VETBANK	0.00			0.57	16.42	1.34	0.43

African Markets

Name	LClose	Change	%Chg
BRVM Stock Exchange	287.76	-0.17	-0.06
Botswana Stock Exchange	10,113.04	2.02	0.02
Egyptian Exchange	30,648.98	194.91	0.64
Ghana Stock Exchange	6,101.34	1.22	0.02
Lusaka Stock Exchange	16,398.46	47.42	0.29
Casablanca Stock Exchange	16,479.06	219.50	1.35
Malawi Stock Exchange	295,507.99	3,677.07	1.26
Nigeria Stock Exchange	104,376.73	156.33	0.15
Nairobi Securities Exchange	126.88	-2.25	-1.74
Rwanda Stock Exchange	149.01	0.00	0.00
Uganda Securities Exchange	1,315.17	7.45	0.57

Nigeria Market Indexes

Symbol	LClose	%Chg	WTD%	MTD%	QTD%	YTD%	Trades
ASI	104,563.34	-0.21	0.33	-0.93	-0.93	1.34	9,755
NGX30	3,880.15	-0.27	0.26	-1.00	-1.00	1.71	5,194
NGXAFRBVI	2,617.85	0.92	4.47	-1.70	-1.70	5.52	2,827
NGXAFRHDYI	16,514.43	1.00	4.15	-0.78	-0.78	-3.01	2,388
NGXASEM	1,588.92	0.00	0.00	0.06	0.06	0.33	6
NGXBNK	1,136.91	0.55	3.47	-2.06	-2.06	4.55	2,919
NGXCG	2,943.74	-0.04	2.27	-2.22	-2.22	4.05	5,437
NGXCNSMRGDS	1,788.39	0.00	0.19	-1.50	-1.50	3.12	768
NGXCOMMDTY	1,002.53	0.00	0.00	-0.10	-0.10	0.25
NGXGROWTH	7,414.09	0.00	0.63	0.30	0.30	-4.49	57
NGXINDUSTR	3,473.27	-0.06	-0.25	-0.48	-0.48	-2.75	471
NGXINS	639.11	2.07	3.24	-6.05	-6.05	-18.71	1,439
NGXLOTUSISLM	7,426.81	-0.78	-1.15	-1.69	-1.69	6.59	990
NGXMAINBOARD	5,034.01	0.14	0.46	-0.54	-0.54	0.60	6,948
NGXMERIGRW	6,781.50	-0.01	2.11	-1.14	-1.14	3.96	1,017
NGXMERIVAL	10,146.98	0.08	2.57	-1.42	-1.42	-2.72	3,220
NGXOILGAS	2,417.66	-0.43	0.16	-1.18	-1.18	-10.83	145
NGXPENBRD	1,870.60	-0.22	0.20	-0.96	-0.96	2.13	8,179
NGXPENSION	4,726.49	0.10	1.43	-1.25	-1.25	4.25	5,755
NGXPREMIUM	10,005.30	-0.87	0.09	-1.58	-1.58	2.80	2,750
NGXSOVBND	649.10	-0.04	3.42	3.55	3.55	7.91	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"

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