The Nigerian equities market recorded another up day, as the NGX All-Share Index (NGXASI) closed the day up by 1.05%,
to bring the Year-to-Date returns up 1.05%.
The All Share Index closed at 43,476.75 against the previous close of 43,026.23, volume traded decreased by -68.12% from 216.65M to 69.06M, while market turnover (the total value of shares traded) decreased by -78.38% from NGN1.52B to NGN327.74M in 777.00 deals.
Market breadth (0.97x) signified Twenty-nine (29) advancers, as against Thirty (30) decliners.
Volume was up for 75 companies and down for 65
AIRTEL AFRICA PLC (AIRTELAFRI) topped the advancers list closing at N1,050.50 with a gain of 10.00%
followed by BUAFOODS (BUAFOODS) which closed at N44.00 with a gain of 10.00%.
On the flip side UNITY BANK PLC (UNITYBNK) and ROYAL EXCHANGE PLC. (ROYALEX) topped the decliners
log with a loss of -9.62% at a close of N0.47, and -9.41% to close the day at N0.77 respectively.
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
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 necessary
Dividend stocks distribute a portion of the company’s 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.
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)
