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InfoWARE Analyst Daily Market Report - 20-Nov-2024 15:08:04.632

The Nigerian equities market recorded another up day, as the NGX All-Share Index (NGXASI) closed the day up by 0.26%, to bring the Year-to-Date returns up 29.26%. The All Share Index closed at 98,227.50 against the previous close of 97,972.33, volume traded increased by 2.30% from 316.25M to 323.52M, while market turnover (the total value of shares traded) increased by 31.20% from NGN5.78B to NGN7.58B in 9,575.00 deals.
Market breadth (1.66x) signified Fifty-eight (58) advancers, as against Thirty-five (35) decliners. Volume was up for 90 companies and down for 67

Top ASI Gainers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
EUNISELL	14.49	32.86	9.94	20.86	183.45	449.31	397.81
JOHNHOLT	9.33	32.77	9.86	20.73	210.61	268.71	341.81
WAPCO	50.60	32.50	9.98	20.98	44.92	50.41	76.67
TANTALIZER	0.90	32.00	10.00	20.73	54.69	52.31	102.04
UNILEVER	26.95	20.82	9.83	20.82	23.33	51.79	98.66
GUINEAINS	0.48	15.56	8.33	10.64	15.56	13.04	79.31
WAPIC	1.08	12.00	3.70	8.74	21.74	33.33	62.32
CADBURY	17.65	11.49	9.92	11.49	18.29	8.68	13.45
AUSTINLAZ	2.00	11.11	10.00	11.11	11.11	10.00	8.37
MANSARD	6.73	10.24	4.01	9.38	18.64	27.27	27.27

Top ASI Losers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
RTBRISCOE	2.90	-12.42	-10.00	-6.79	-14.43	-22.55	327.87
PZ	22.50	-11.62	-2.00	-11.62	0.23	13.08	-23.97
NNFM	37.50	-10.00	-10.00	-10.00	-11.18	3.69	-25.82
MECURE	11.70	-9.65	0.00	0.00	-9.65	39.29	8.33
TIP	2.10	-9.49	9.05	-0.43	-0.43	14.50	81.75
MULTIVERSE	7.95	-9.43	-9.43	-9.43	-9.43	-20.00	-64.74
THOMASWY	1.75	-8.85	0.00	0.00	-9.79	-11.62	-27.98
BERGER	17.35	-7.71	0.00	-7.71	-8.68	-17.77	33.46
MERGROWTH	419.50	-7.57	-1.07	-1.07	-8.79	-19.42	955.17
MCNICHOLS	1.48	-5.41	-5.41	-5.41	-0.71	-6.67	52.17

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"

AUSTIN LAZ & COMPANY PLC (AUSTINLAZ) topped the advancers list closing at N2.20 with a gain of 10.00% followed by NEWGOLD EXCHANGE TRADED FUND (ETF) (NEWGOLD) which closed at N33,000.00 with a gain of 10.00%.

On the flip side N NIG. FLOUR MILLS PLC. (NNFM) and R T BRISCOE PLC. (RTBRISCOE) topped the decliners log with a loss of -10.00% at a close of N33.75, and -10.00% to close the day at N2.61 respectively.

Top Gainers

Symbol	LClose	%Chg
AUSTINLAZ	2.20	10.00
NEWGOLD	33,000.00	10.00
TANTALIZER	0.99	10.00
WAPCO	55.65	9.98
HONYFLOUR	4.53	9.95

Top Losers

Symbol	LClose	%Chg
NNFM	33.75	-10.00
RTBRISCOE	2.61	-10.00
MULTIVERSE	7.20	-9.43
DAARCOMM	0.62	-7.46
MCNICHOLS	1.40	-5.41

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"

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
HONYFLOUR	4.53	9.05	4.30	13.41	0.31	1.70	35.92B	7.74M	119.00	34.33M	20-Nov-2024 14:30:20.247
TIP	2.29	8.30	2.28			0.00	2.04B	541.98K	23.00	1.20M	20-Nov-2024 14:31:40.743
DANGSUGAR	32.20	6.83	30.42	9.80	3.06	5.00	391.13B	1.41M	170.00	45.70M	20-Nov-2024 14:30:19.463
UNIVINSURE	0.34	5.88	0.33	0.00	0.00	0.00	5.44B	9.79M	47.00	3.22M	20-Nov-2024 14:31:38.143
ABCTRANS	1.25	4.80	1.24	6.98	0.17	2.10	2.99B	666.42K	36.00	780.42K	20-Nov-2024 14:30:18.147
CAVERTON	1.90	4.21	1.88	1.16	1.57	5.49	6.37B	941.29K	38.00	1.79M	20-Nov-2024 14:30:19.137
NB	28.00	3.57	27.27	16.86	1.60	3.81	287.73B	1.66M	67.00	46.22M	20-Nov-2024 14:30:21.513
CHAMS	2.06	2.91	2.03	28.14	0.07	1.50	9.67B	6.78M	124.00	14.22M	20-Nov-2024 14:30:19.190
NAHCO	38.50	1.69	38.21	92.24	0.41	6.71	75.04B	1.92M	69.00	73.20M	20-Nov-2024 14:30:21.417

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
FG202034S2	95.74	0.00	95.77			0.00	0.00	0.00	0.00	0.00	20-Nov-2024 14:31:13.007
ACCESSCORP	23.80	-0.42	23.83	8.49	2.81	1.88	845.98B	22.99M	480.00	547.23M	20-Nov-2024 14:31:40.537
IKEJAHOTEL	8.00	-1.88	8.04	52.51	0.16	0.92	16.63B	3.38M	61.00	25.75M	20-Nov-2024 14:30:20.313
STERLINGNG	4.89	-2.04	4.96	16.72	0.30	3.01	140.79B	5.64M	108.00	27.88M	20-Nov-2024 14:30:28.067
FCMB	9.20	-2.17	9.34	110.17	0.09	5.32	182.18B	5.12M	166.00	47.82M	20-Nov-2024 14:31:38.040
NPFMCRFBK	1.50	-2.67	1.53	5.78	0.27	7.79	8.99B	2.04M	36.00	3.13M	20-Nov-2024 14:30:27.367
NEIMETH	1.85	-5.41	1.89	118.24	0.02	3.59	7.91B	552.76K	34.00	1.04M	20-Nov-2024 14:30:27.113
MCNICHOLS	1.40	-5.71	1.46	26.80	0.05	5.88	1.01B	447.90K	13.00	650.16K	20-Nov-2024 14:31:40.677
FGSUK2033S6	90.16	-7.59	95.41			0.00	0.00	16.30K	5.00	15.50M	20-Nov-2024 14:31:16.910
DAARCOMM	0.62	-8.06	0.64	0.00	0.00	0.00	7.44B	562.23K	34.00	353.00K	20-Nov-2024 14:30:19.440

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
WAPCO	LAFARGE WAPCO PLC.	19.06M	2.40M	695.19	55.65	50.60	9.98	238	1.06B
GUINEAINS	GUINEA INSURANCE PLC.	16.20M	2.95M	449.31	0.52	0.48	8.33	66	8.27M
NGXGROUP	NIGERIAN EXCHANGE GROUP	12.17M	1.07M	1,033.95	25.00	24.80	0.81	53	304.03M
CORNERST	CORNERSTONE INSURANCE COMPANY PLC.	8.02M	1.61M	397.71	2.60	2.59	0.39	21	20.84M
HONYFLOUR	HONEYWELL FLOUR MILL PLC	7.74M	3.21M	141.43	4.53	4.12	9.95	119	34.33M

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
CORNERST	6.18	7.37	0.35	0.88	73.33	29.26	0.12
WAPIC	2.78	66.97	0.02	0.86	62.32	29.26	0.14
TANTALIZER	2.22	0.00	0.00	0.86	102.04	29.26	0.14
MAYBAKER	3.75	58.94	0.14	0.86	52.38	29.26	0.14
FLOURMILL	2.31	79.94	0.98	0.84	140.18	29.26	0.16
AFRIPRUD	1.58	15.69	0.61	0.81	31.51	29.26	0.19
DEAPCAP	12.10	214.83	0.01	0.81	90.48	29.26	0.19
FIDELITYBK	5.59	12.98	1.17	0.79	38.16	29.26	0.21
UNIVINSURE	0.00	0.00	0.00	0.79	30.77	29.26	0.21
UNILEVER	2.78	67.85	0.40	0.79	98.66	29.26	0.21

Chart of the day: OPEC Basket Price Vs ASI (365 Day Chart)

The OPEC basket is a weighted average of oil prices from the different OPEC members around the world. The basket is a benchmark, or reference point, for those monitoring the price of oil and the stability of the global oil market. Today, the OPEC basket averages the prices from Algeria, Angola, Ecuador, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and Venezuela. These fourteen countries represent the membership of OPEC. Many other countries throughout the world also produce oil. However, they are not OPEC members. Russia, the U.S., China, and Canada are all major oil producers but not OPEC members. OPEC?s member countries produce in total 40 percent of the world?s oil. (Definition Source: Investopedia.com)

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)

OPEC Basket Price Vs ASI (365 Day Chart)

For more detailed analysis,

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

African Markets

Name	LClose	Change	%Chg
BRVM Stock Exchange	274.93	1.40	0.51
Botswana Stock Exchange	9,881.06	0.00	0.00
Egyptian Exchange	30,688.30	-175.93	-0.57
Ghana Stock Exchange	4,653.69	0.00	0.00
Johannesburg Stock Exchange	84,526.75	101.31	0.12
Lusaka Stock Exchange	15,867.30	114.99	0.73
Casablanca Stock Exchange	14,976.79	114.44	0.77
Malawi Stock Exchange	155,655.11	558.35	0.36
Nigeria Stock Exchange	97,972.33	224.82	0.23
Nairobi Securities Exchange	113.43	-0.73	-0.64
Namibian Stock Exchange	1,813.87	5.61	0.31
Rwanda Stock Exchange	146.08	0.00	0.00
Tunis Stock Exchange	9,782.23	10.75	0.11
Uganda Securities Exchange	1,184.80	0.71	0.06

Nigeria Market Indexes

Symbol	LClose	%Chg	WTD%	MTD%	QTD%	YTD%	Trades
ASI	98,227.50	0.26	0.49	0.82	-0.01	29.26	9,575
NGX30	3,696.91	0.26	0.48	0.61	1.34	30.22	4,821
NGXAFRBVI	2,430.97	0.16	0.72	6.81	18.26	18.26	1,831
NGXAFRHDYI	14,918.94	0.35	0.93	4.29	9.82	101.77	1,845
NGXASEM	1,583.71	0.00	0.00	0.00	0.00	147.63	3
NGXBNK	1,050.13	0.06	0.30	4.90	13.46	17.44	2,090
NGXCG	2,674.28	0.64	1.03	3.74	12.90	20.59	5,011
NGXCNSMRGDS	1,582.34	1.09	1.34	1.70	0.10	40.61	1,256
NGXGROWTH	6,277.60	0.12	-0.14	-6.86	21.69	6.85	38
NGXINDUSTR	3,513.44	0.78	1.33	1.78	-7.72	26.82	568
NGXINS	475.48	0.78	2.70	6.18	9.54	46.45	760
NGXLOTUSISLM	6,051.11	2.00	3.12	4.42	-0.46	29.35	1,055
NGXMAINBOARD	4,757.13	0.11	0.18	-0.06	-1.41	33.96	7,006
NGXMERIGRW	6,126.00	0.56	1.05	6.17	15.06	33.17	1,349
NGXMERIVAL	9,816.19	1.41	2.41	5.17	26.51	85.82	2,932
NGXOILGAS	2,428.29	-0.09	0.26	5.31	22.13	131.96	388
NGXPENBRD	1,753.85	0.31	0.56	1.22	2.52	31.84	7,546
NGXPENSION	4,336.60	0.45	0.73	2.65	9.08	32.14	5,780
NGXPREMIUM	9,296.27	0.56	1.10	2.75	3.44	28.31	2,531
NGXSOVBND	629.07	-0.05	-0.05	0.04	0.76	-17.20	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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Stock by Sector

Sector	Volume	Trades	Value	Date

Market Indexes

Name	Symbol	Price(₦)	LClose(₦)	Change	%Chg

Currency

	Currency	Rate(₦)
	Nigeria Naira (NGN/NGN)	₦1.00
	US Dollar (USD/NGN)	₦1,678.00
	British Pound (GBP/NGN)	₦2,130.08
	Euro (EUR/NGN)	₦1,779.89
	Japanese Yen (JPY/NGN)	₦10.85
	Canadian Dollar (CAD/NGN)	₦1,202.36
	China Yuan Renminbi (CNY/NGN)	₦231.80
	Australia Dollar (AUD/NGN)	₦1,097.65
	(BCEAO) Franc (XOF/NGN)	₦2.71
	CFA Franc (XAF/NGN)	₦2.71
	Ghana Cedi (GHS/NGN)	₦105.41
	United Arab Emirates Dirham (AED/NGN)	₦456.85
	South Africa Rand (ZAR/NGN)	₦93.01
	Japanese Yen (JPY/NGN)	₦10.85
	Kenya Shilling (KES/NGN)	₦12.96
	Egypt Pound (EGP/NGN)	₦33.87
	India Rupee (INR/NGN)	₦19.88
	Australia Dollar (AUD/NGN)	₦1,097.65
	Switzerland Franc (CHF/NGN)	₦1,902.28
	Algeria Dinar (DZD/NGN)	₦12.59
	Morocco Dirham (MAD/NGN)	₦168.05
	Angola Kwanza (AOA/NGN)	₦1.84
	Tanzania Shilling (TZS/NGN)	₦0.63
	Botswana Pula (BWP/NGN)	₦123.32
	Ethiopia Birr (ETB/NGN)	₦13.65
	Namibia Dollar (NAD/NGN)	₦92.80
	Sudan Pound (SDG/NGN)	₦2.79
	Mozambique Metical (MZN/NGN)	₦26.24
	Sierra Leone Leone (SLL/NGN)	₦0.08
	Malawi Kwacha (MWK/NGN)	₦0.97
	Gambia Dalasi (GMD/NGN)	₦23.80
	Burundi Franc (BIF/NGN)	₦0.57
	Guinea Franc (GNF/NGN)	₦0.19
	Liberia Dollar (LRD/NGN)	₦9.27
	eSwatini Lilangeni (SZL/NGN)	₦92.82
	Cape Verde Escudo (CVE/NGN)	₦16.06
	Rwanda Franc (RWF/NGN)	₦1.22
	Djibouti Franc (DJF/NGN)	₦9.44
	Eritrea Nakfa (ERN/NGN)	₦111.87
	Zimbabwe Dollar (ZMW/NGN)	₦60.73