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InfoWARE Analyst Daily Market Report (24-May-2022 15:08:39.751)
(Source: InfoWARE Terminal, Date: 24-May-2022)
Dear Investor,
InfoWARE Analyst Daily Market Report - 24-May-2022 15:08:39.721

The Nigerian equities market recorded another down day, as the NGX All-Share Index (NGXASI) closed the day down by -1.82%, to bring the Year-to-Date returns up 20.74%. The All Share Index closed at 51,949.64 against the previous close of 52,911.51, volume traded increased by 147.99% from 257.61M to 638.84M, while market turnover (the total value of shares traded) increased by 128.06% from NGN3.45B to NGN7.88B in 5,010.00 deals.
Market breadth (0.30x) signified Eighteen (18) advancers, as against Sixty (60) decliners. Volume was up for 98 companies and down for 48


JAPAUL GOLD & VENTURES PLC (JAPAULGOLD) topped the advancers list closing at N0.33 with a gain of 10.00% followed by INDUSTRIAL & MEDICAL GASES NIGERIA PLC (IMG) which closed at N10.00 with a gain of 9.89%.

On the flip side GUINNESS NIG PLC (GUINNESS) and GLOBAL SPECTRUM ENERGY SERVICES PLC (GSPECPLC) topped the decliners log with a loss of -10.00% at a close of N88.20, and -9.77% to close the day at N2.77 respectively.

Top Gainers
SymbolLClose%Chg
JAPAULGOLD0.3310.00
IMG10.009.89
MRS16.409.70
ABBEYBDS1.809.09
ACADEMY1.468.15
Top Losers
SymbolLClose%Chg
GUINNESS88.20-10.00
GSPECPLC2.77-9.77
MANSARD2.04-9.73
CHAMS0.21-8.70
VERITASKAP0.21-8.70

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 was unchanged against the dollar at 415.12 to 1


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"
SymbolPrice%Chg15DMAPEEPSDivYMktCapVolTradesValueLstTradeTime
STANBIC34.500.2934.364.188.235.81447.02B1.09M60.0037.39M24-May-2022 14:31:01.193
FGS20226798.060.0097.970.0078.23M0.000.000.0024-May-2022 14:31:33.290


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,

SymbolPrice%Chg15DMAPEEPSDivYMktCapVolTradesValueLstTradeTime
NGXINDUSTR2,278.05-0.622,281.9839.9018.970.000.006.41M308.00429.58M24-May-2022 14:31:57.103
NGX501,968.88-0.911,977.3323.61149.670.000.00442.27M2,904.005.50B24-May-2022 14:31:56.137
DANGCEM297.00-1.01297.27477.010.635.335,061.03B1.20M109.00357.49M24-May-2022 14:32:29.173
UCAP13.50-1.1113.5114.600.9310.9981.00B6.69M132.0090.48M24-May-2022 14:31:03.867
NGXPENSION1,908.22-1.821,932.73429.80359.590.000.00246.76M3,777.004.67B24-May-2022 14:31:57.633
ASI51,949.64-1.8552,266.9211.84457.690.000.00638.84M5,010.007.88B24-May-2022 14:31:55.957
NGXMERIGRW2,431.95-1.982,447.4834.89293.990.000.00117.82M1,302.002.04B24-May-2022 14:31:57.410
UBN6.35-2.366.408.740.743.85184.92B1.16M32.007.39M24-May-2022 14:31:03.700
NGX301,978.27-2.422,013.09575.61329.080.000.00424.48M3,291.006.78B24-May-2022 14:31:56.030
CHAMPION3.80-2.633.83417.110.010.4129.75B351.38K24.001.31M24-May-2022 14:30:24.323
NGXCG1,393.52-2.721,427.87443.35327.970.000.00158.12M3,124.003.58B24-May-2022 14:31:56.860
NGXLOTUSISLM3,336.31-2.773,411.211,270.9362.770.000.0090.64M1,209.001.04B24-May-2022 14:31:57.250
NGXPREMIUM4,991.28-3.615,131.832,048.74238.700.000.0089.67M1,463.002.97B24-May-2022 14:31:57.710
FGSUK2027S3100.00-4.00101.910.000.006.00K2.006.00M24-May-2022 14:31:42.813
ARDOVA14.10-6.3814.463.783.971.2718.37B406.63K34.005.78M24-May-2022 14:30:22.093
BERGER7.00-7.147.436.131.225.332.03B1.28M30.009.22M24-May-2022 14:30:22.677
TRANSCORP1.21-7.441.260.000.001.5449.18B31.42M205.0039.69M24-May-2022 14:32:26.613
MTNN230.00-8.26247.5224,469.340.013.444,681.54B2.42M513.00577.78M24-May-2022 14:32:29.760
RTBRISCOE0.60-8.330.640.000.0015.38705.81M1.34M15.00803.18K24-May-2022 14:30:59.303
VERITASKAP0.21-9.520.229.350.0221.742.91B1.00M2.00210.00K24-May-2022 14:31:05.490
MANSARD2.04-10.782.229.520.2411.0618.36B25.77M100.0053.34M24-May-2022 14:30:39.010


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

Economic Indicators - Nigeria FX Reserves Vs ASI Chart

For more detailed analysis,



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

ASI (NGX All-Share-Index) With 50 & 200 Day MAvgs

For more detailed analysis,



Unusual Volume: Volume traded is more than double the 90 day moving average (All exchanges; ASI & ASem). For more detailed analysis,

SymbolNameVolume90DAvgVol%VolChgPriceLClose%ChgTradesValue
ETIECOBANK TRANSNATIONAL INCORPORATED257.63M3.40M7,484.5912.0012.000.00772.96B
JAIZBANKJAIZ BANK PLC78.00M14.60M434.210.840.840.007769.74M
ACCESSCORPAccess Holdings PLC60.52M14.70M311.739.959.950.00284605.03M
UACNU A C N PLC.52.17M3.19M1,536.9112.7513.20-3.4179673.07M
MANSARDMANSARD INSURANCE PLC25.77M2.20M1,071.332.042.26-9.7310053.34M


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.

Top 10 high dividend yield stocks

For more detailed analysis,



Top ASI Gainers Over Last 5 Trading Days
SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
CONOIL34.259.959.950.0030.7353.9355.68
MRS14.959.939.930.0020.5622.5421.05
MCNICHOLS2.349.869.860.00234.29234.29203.90
ACADEMY1.359.769.760.00-15.63-23.73145.45
NPFMCRFBK2.028.028.020.00-5.61-18.8818.82
MBENEFIT0.278.008.000.003.858.00-15.63
CHIPLC0.646.676.670.004.920.00-13.51
ROYALEX1.205.265.260.0023.7110.0941.18
NIGERINS0.215.005.000.000.005.005.00
VERITASKAP0.234.554.550.004.559.524.55
Top ASI Losers Over Last 5 Trading Days
SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
PRESCO180.00-10.00-10.000.0014.1435.34105.01
GSPECPLC3.07-9.97-9.970.00-18.78-18.78-26.73
NEIMETH1.59-9.66-9.660.000.6311.97-15.87
PRESTIGE0.38-9.52-9.520.00-13.64-22.45-25.49
UACN13.20-8.33-8.330.0010.0012.8246.67
NEM4.05-7.74-7.740.000.502.02-10.00
WAPIC0.42-6.67-6.670.00-6.67-4.55-20.75
JAIZBANK0.84-6.67-6.670.0010.5320.0044.83
AIICO0.75-3.85-3.850.000.0017.194.17
COURTVILLE0.50-3.85-3.850.00-3.85-5.6631.58

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"


African Markets
NameLCloseChange%Chg
BRVM Stock Exchange206.27-0.89-0.43
Botswana Stock Exchange7,230.200.000.00
Egyptian Exchange10,514.9552.310.50
Ghana Stock Exchange2,563.60-0.51-0.02
Johannesburg Stock Exchange68,367.37790.651.17
Lusaka Stock Exchange6,786.34-0.68-0.01
Casablanca Stock Exchange12,564.55-61.87-0.49
Malawi Stock Exchange49,603.41-184.21-0.37
Nairobi Securities Exchange129.06-3.46-2.61
Namibian Stock Exchange1,716.3038.422.29
Rwanda Stock Exchange146.920.000.00
Tunis Stock Exchange7,320.984.390.06
Uganda Securities Exchange1,226.596.830.56
Nigeria Market Indexes
SymbolLClose%ChgWTD%MTD%QTD%YTD%MktCapTrades
ASI51,949.64-1.82-1.823.6410.9020.745,010
NGX301,978.27-2.36-2.363.3710.8813.613,291
NGXAFRBVI1,006.34-0.67-0.67-1.774.84-3.711,205
NGXAFRHDYI3,297.81-4.28-4.28-4.7412.2030.131,328
NGXASEM658.990.000.000.000.00-1.740
NGXBNK429.45-0.39-0.39-0.254.905.351,043
NGXCG1,393.52-2.65-2.651.689.879.013,124
NGXCNSMRGDS683.47-1.21-1.217.0523.3417.06845
NGXGROWTH1,444.79-0.54-0.54-0.12-0.1213.7962
NGXINDUSTR2,278.05-0.61-0.611.247.7010.16308
NGXINS185.83-1.09-1.090.030.43-5.79237
NGXLOTUSISLM3,336.31-2.70-2.703.648.079.941,209
NGXMAINBOARD2,210.60-0.38-0.383.4912.5024.713,485
NGXMERIGRW2,431.95-1.95-1.954.2121.2034.951,302
NGXMERIVAL2,310.56-0.26-0.260.808.208.401,240
NGXOILGAS556.05-0.32-0.327.5130.2461.98296
NGXPENSION1,908.22-1.79-1.792.3512.7017.593,777
NGXPREMIUM4,991.28-3.48-3.483.8711.1619.761,463
NGXSOVBND860.030.000.00-0.11-0.11-0.110

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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