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Nigeria Stock Market Weekly Summary: April 4, 2025
1. Market Overview
The NGX All-Share Index (ASI) edged down -0.03% this week, extending its YTD return moderation to 2.26% (vs 2.41% last week). Trading activity collapsed dramatically with -117% turnover decline and -160% volume drop, signaling extreme liquidity contraction. Market breadth turned decisively bearish (0.48x ratio) with 54 decliners overwhelming 26 advancers. The banking sector shone through as the NGX AFR Bank Value Index (+0.39% WTD) led gainers, while insurance stocks (-1.56%) and oil/gas names (-0.69%) dragged.
2. Key Trends & Movers
- Market Breadth: Bearish momentum accelerated with decliners outnumbering advancers 2:1. Only 14.5% of stocks advanced vs 30.2% declines.
- Top Gainers: NGXGROUP (+11.9%) led on exchange operator optimism, while VFDGROUP (+9.8%, RSI 71.6) showed overbought technicals. TRANSCOHOT (+7.1%) hit extreme overbought levels (RSI 94.6).
- Top Losers: VSPBONDETF (-22%) cratered on rate fears, while UACN (-9.2%) plunged to RSI 8.1 - severely oversold.
3. Critical Insights
- Turnover Collapse: Zero naira traded vs prior week suggests potential data anomaly or systemic liquidity crisis requiring investigation
- YTD/WTD Overlaps: TRANSCOHOT (+25% YTD/+7.1% WTD) and VFDGROUP (+28% YTD/+9.8% WTD) show sustained momentum. Conversely, AFRIPRUD (-33% YTD/-5.2% WTD) and NSLTECH (-28% YTD/-9.1% WTD) remain trapped in downtrends.
-
Bullish Signals:
Stock RSI MACD MA Trend TRANSCOHOT 94.6 Bullish crossover 15DMA > 50DMA VFDGROUP 71.6 Positive histogram Price > both MAs -
Bearish Signals:
Stock RSI MACD MA Trend UACN 8.1 Bearish crossover Price < 50DMA AFRIPRUD 30.3 Negative divergence 15DMA < 50DMA
4. Index Performance Deep Dive
| Index | WTD | YTD |
|---|---|---|
| NGX Banking | +0.14% | +6.90% |
| NGX Insurance | -1.56% | -14.82% |
| NGX Oil/Gas | -0.69% | -10.38% |
Banking sector strength contrasts sharply with energy/insurance weakness, likely reflecting divergent earnings outlooks and rate sensitivity.
5. Trading Activity Analysis
| Metric | Retail | Institutional |
|---|---|---|
| Trade Count | 85.89% | 14.11% |
| Trade Value | 14.98% | 85.02% |
Institutions dominated large-cap banking trades (UBA, GTCO, ZENITHBANK) while retail speculated in battered names like OANDO (-6% daily). UCAP saw 135% volume surge despite price decline - watch for accumulation.
6. Trader's Cheat Sheet
- Opportunities: Oversold dividend plays (UACN 1% yield, NSLTECH 15.9% yield), banking momentum names
- Risks: Overextended hotels (TRANSCOHOT), illiquid small-caps
- Watch: Monday's liquidity levels, NGXGROUP's 32.85 resistance, oil price impact on NGXOILGAS
7. Performance Tables
YTD Leaders & Laggards:
| Top Gainers | %YTD | Top Losers | %YTD |
|---|---|---|---|
| UPDC | +82.08% | AFRIPRUD | -33.19% |
| VFDGROUP | +28.38% | UCAP | -32.14% |
| TRANSCOHOT | +25.00% | NSLTECH | -27.54% |
WTD Leaders & Laggards:
| Top Gainers | %WTD | Top Losers | %WTD |
|---|---|---|---|
| NGXGROUP | +11.90% | VSPBONDETF | -21.96% |
| LEARNAFRCA | +10.00% | TANTALIZER | -10.34% |
| VFDGROUP | +9.83% | PZ | -9.97% |
| Symbol | LClose | %Chg |
|---|---|---|
| MORISON | 2.12 | 9.84 |
| SCOA | 2.36 | 9.77 |
| INTENEGINS | 1.58 | 9.72 |
| NEM | 9.80 | 9.50 |
| TIP | 2.50 | 8.70 |
| Symbol | LClose | %Chg |
|---|---|---|
| CILEASING | 3.50 | -9.79 |
| MBENEFIT | 0.64 | -8.57 |
| TANTALIZER | 0.35 | -7.89 |
| UNITYBNK | 2.13 | -7.39 |
| JAIZBANK | 2.18 | -7.23 |
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 1.20%(-9.54) sharply against the Dollar to settle at 803.42 to 1NSE: 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"
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NGXMAINBOARD | 4,772.57 | -0.12 | 4,774.31 | 12.90 | 225.05 | 0.00 | 0.00 | 222.60M | 5,717.00 | 5.13B | 04-Apr-2024 14:30:19.177 |
| NGXLOTUSISLM | 6,302.00 | -0.28 | 6,314.48 | 1,270.93 | 62.77 | 0.00 | 0.00 | 18.67M | 1,076.00 | 778.38M | 04-Apr-2024 14:30:19.163 |
| NGXAFRHDYI | 10,875.65 | -0.94 | 10,929.51 | 7.46 | 39.30 | 0.00 | 0.00 | 270.65M | 2,076.00 | 11.25B | 04-Apr-2024 14:30:18.990 |
| NGXPENSION | 3,826.96 | -1.44 | 3,878.65 | 429.80 | 359.59 | 0.00 | 0.00 | 385.60M | 6,208.00 | 14.45B | 04-Apr-2024 14:30:19.330 |
| WAPCO | 36.20 | -2.21 | 36.46 | 10.12 | 2.87 | 6.90 | 583.10B | 1.46M | 126.00 | 53.36M | 04-Apr-2024 14:30:39.307 |
| NGXCG | 2,458.57 | -2.27 | 2,502.58 | 443.35 | 327.97 | 0.00 | 0.00 | 347.57M | 5,297.00 | 13.55B | 04-Apr-2024 14:30:19.070 |
| NGXBNK | 977.76 | -2.74 | 993.13 | 6.10 | 34.65 | 0.00 | 0.00 | 293.56M | 2,706.00 | 9.84B | 04-Apr-2024 14:30:19.060 |
| ACCESSCORP | 23.00 | -4.13 | 23.54 | 6.11 | 2.81 | 1.74 | 817.54B | 40.88M | 932.00 | 950.44M | 04-Apr-2024 14:30:42.547 |
| JAIZBANK | 2.18 | -7.80 | 2.22 | 53.63 | 0.03 | 3.23 | 75.30B | 9.55M | 169.00 | 20.94M | 04-Apr-2024 14:30:08.780 |
| CILEASING | 3.50 | -10.86 | 3.79 | 5.16 | 0.64 | 1.52 | 2.74B | 3.77M | 55.00 | 13.39M | 04-Apr-2024 14:30:37.897 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| ZENITHBANK | ZENITH INTERNATIONAL BANK PLC | 161.68M | 25.64M | 530.48 | 43.15 | 44.00 | -1.93 | 527 | 7.03B |
| ETI | ECOBANK TRANSNATIONAL INCORPORATED | 16.43M | 2.11M | 678.68 | 26.00 | 24.50 | 6.12 | 63 | 427.23M |
| NGXGROUP | NIGERIAN EXCHANGE GROUP | 3.89M | 1.34M | 191.52 | 23.00 | 22.65 | 1.55 | 67 | 90.81M |
| CAP | CAP PLC | 3.54M | 311.37K | 1,037.55 | 24.00 | 24.00 | 0.00 | 33 | 85.37M |
| PRESCO | PRESCO PLC | 1.63M | 161.64K | 907.50 | 231.50 | 231.50 | 0.00 | 72 | 373.43M |
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 | 208.59 | 0.40 | 0.19 |
| Botswana Stock Exchange | 8,741.65 | 28.75 | 0.33 |
| Egyptian Exchange | 20,002.10 | 347.88 | 1.77 |
| Ghana Stock Exchange | 3,141.18 | -0.63 | -0.02 |
| Johannesburg Stock Exchange | 73,849.53 | 7.38 | 0.01 |
| Lusaka Stock Exchange | 9,523.07 | 108.27 | 1.15 |
| Casablanca Stock Exchange | 12,278.56 | 53.79 | 0.44 |
| Malawi Stock Exchange | 115,209.51 | -80.70 | -0.07 |
| Nigeria Stock Exchange | 67,100.49 | 113.88 | 0.17 |
| Nairobi Securities Exchange | 93.00 | -0.60 | -0.64 |
| Namibian Stock Exchange | 1,593.55 | -4.96 | -0.31 |
| Rwanda Stock Exchange | 143.69 | -0.07 | -0.05 |
| Tunis Stock Exchange | 8,458.97 | -14.40 | -0.17 |
| Uganda Securities Exchange | 923.89 | -1.30 | -0.14 |
Nigeria Market Indexes
| Symbol | LClose | %Chg | WTD% | MTD% | QTD% | YTD% | MktCap | Trades |
|---|---|---|---|---|---|---|---|---|
| ASI | 103,736.08 | -0.43 | -0.75 | -0.75 | -0.75 | 36.51 | 8,596 | |
| NGX30 | 3,846.60 | -0.46 | -0.81 | -0.81 | -0.81 | 35.50 | 5,796 | |
| NGXAFRBVI | 2,163.53 | -3.61 | -5.41 | -5.41 | -5.41 | 5.25 | 2,517 | |
| NGXAFRHDYI | 10,875.65 | -0.93 | -1.21 | -1.21 | -1.21 | 47.09 | 2,076 | |
| NGXASEM | 1,504.55 | 0.00 | 0.00 | 0.00 | 0.00 | 135.25 | 53 | |
| NGXBNK | 977.76 | -2.67 | -4.97 | -4.97 | -4.97 | 9.34 | 2,706 | |
| NGXCG | 2,458.57 | -2.22 | -3.70 | -3.70 | -3.70 | 10.87 | 5,297 | |
| NGXCNSMRGDS | 1,620.49 | 0.46 | 0.62 | 0.62 | 0.62 | 44.00 | 1,146 | |
| NGXGROWTH | 5,722.27 | 0.29 | 0.36 | 0.36 | 0.36 | -2.60 | 34 | |
| NGXINDUSTR | 4,831.49 | -0.09 | -0.08 | -0.08 | -0.08 | 74.40 | 366 | |
| NGXINS | 404.71 | 0.43 | -1.65 | -1.65 | -1.65 | 24.65 | 498 | |
| NGXLOTUSISLM | 6,302.00 | -0.28 | -0.35 | -0.35 | -0.35 | 34.71 | 1,076 | |
| NGXMAINBOARD | 4,772.57 | -0.12 | -0.28 | -0.28 | -0.28 | 34.39 | 5,717 | |
| NGXMERIGRW | 4,749.38 | -2.08 | -3.98 | -3.98 | -3.98 | 3.24 | 1,544 | |
| NGXMERIVAL | 6,103.66 | 0.04 | -0.50 | -0.50 | -0.50 | 15.54 | 3,074 | |
| NGXOILGAS | 1,294.38 | 0.00 | 0.00 | 0.00 | 0.00 | 23.65 | 144 | |
| NGXPENBRD | 1,797.71 | -0.46 | -0.80 | -0.80 | -0.80 | 35.14 | 7,501 | |
| NGXPENSION | 3,826.96 | -1.42 | -2.50 | -2.50 | -2.50 | 16.61 | 6,208 | |
| NGXPREMIUM | 10,146.69 | -0.89 | -1.46 | -1.46 | -1.46 | 40.05 | 2,845 | |
| NGXSOVBND | 730.80 | 0.00 | 0.00 | 0.00 | 0.00 | -3.81 | 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"
Find the topic interesting? Will like to comment? Contact Us at solutions@infowarelimited.com
Stock by Sector
Market Indexes
Currency
| Currency | Rate(₦) | |
|---|---|---|
|
Nigeria Naira (NGN/NGN) | ₦1.00 |
|
US Dollar (USD/NGN) | ₦1,539.27 |
|
British Pound (GBP/NGN) | ₦2,015.34 |
|
Euro (EUR/NGN) | ₦1,699.99 |
|
Japanese Yen (JPY/NGN) | ₦10.53 |
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| Advancing Issues | 20 | 11.17% |
|---|---|---|
| Declining Issues | 31 | 17.32% |
| Unchanged Issues | 128 | 71.51% |
| New Highs | 2 | |
| New Lows | 0 | |
| Up Volume | 67 | |
| Down Volume | 69 | |
| Unchanged Volumes | 43 |
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Daily Market Report - 20th of January 2025 (ASI gained 0.02%)
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Daily Market Report - 30th of December 2024 (ASI gained 0.99%)
Daily Market Report - 16th of December 2024 (ASI hinged higher by 0.55%)
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Daily Market Report - 13th of December 2024 (ASI continued gains by 0.63%)
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