The Nigerian equities market recorded another down day, as the NGX All-Share Index (NGXASI) closed the day down by -0.43%,
to bring the Year-to-Date returns up 9.15%.
The All Share Index closed at 46,961.62 against the previous close of 47,163.94, volume traded increased by 27.10% from 168.93M to 214.70M, while market turnover (the total value of shares traded) increased by 26.63% from NGN2.07B to NGN2.63B in 4,003.00 deals.
Market breadth (0.62x) signified Eighteen (18) advancers, as against Twenty-nine (29) decliners.
Volume was up for 64 companies and down for 70
VERITAS KAPITAL ASSURANCE PLC (VERITASKAP) topped the advancers list closing at N0.23 with a gain of 9.52%
followed by FCMB GROUP PLC. (FCMB) which closed at N3.60 with a gain of 7.46%.
On the flip side R T BRISCOE PLC. (RTBRISCOE) and CONSOLIDATED HALLMARK INSURANCE PLC (CHIPLC) topped the decliners
log with a loss of -9.72% at a close of N0.65, and -9.09% to close the day at N0.60 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.
