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Equity Market Report - 9th June, 2022
(Source: Vetiva Research, Date: 08-Jun-2022)
Dear Investor,
InfoWARE Analyst Daily Market Report - 08-Jun-2022 15:38:33.640

The Nigerian equities market recorded another down day, as the NGX All-Share Index (NGXASI) closed the day down by -0.14%, to bring the Year-to-Date returns up 23.63%. The All Share Index closed at 53,193.98 against the previous close of 53,270.88, volume traded increased by 6.11% from 234.62M to 248.96M, while market turnover (the total value of shares traded) decreased by -32.19% from NGN2.75B to NGN1.86B in 4,265.00 deals.
Market breadth (0.61x) signified Nineteen (19) advancers, as against Thirty-one (31) decliners. Volume was up for 72 companies and down for 72


CAVERTON OFFSHORE SUPPORT GRP PLC (CAVERTON) topped the advancers list closing at N1.17 with a gain of 7.34% followed by FTN COCOA PROCESSORS PLC (FTNCOCOA) which closed at N0.36 with a gain of 5.88%.

On the flip side CHAMPION BREW. PLC. (CHAMPION) and CORNERSTONE INSURANCE COMPANY PLC. (CORNERST) topped the decliners log with a loss of -9.79% at a close of N3.50, and -9.68% to close the day at N0.56 respectively.

Top Gainers
Symbol LClose %Chg
CAVERTON 1.17 7.34
FTNCOCOA 0.36 5.88
TRANSCORP 1.30 5.69
CUTIX 2.74 4.98
LINKASSURE 0.56 3.70
Top Losers
Symbol LClose %Chg
CHAMPION 3.50 -9.79
CORNERST 0.56 -9.68
ETRANZACT 2.71 -9.67
NEM 3.85 -8.33
JAPAULGOLD 0.30 -6.25

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 appreciated 0.01%(0.05) against the Dollar to settle at 415.07 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"
Symbol Price %Chg 15DMA PE EPS DivY MktCap Vol Trades Value LstTradeTime
CAVERTON 1.17 6.84 1.15 0.69 1.57 9.17 3.92B 1.06M 18.00 1.21M 08-Jun-2022 14:30:16.623
TRANSCORP 1.30 5.38 1.26 0.00 0.00 1.63 52.84B 103.56M 157.00 131.25M 08-Jun-2022 14:31:30.757
UNILEVER 14.90 2.68 14.73 36.50 0.40 3.45 85.60B 441.15K 26.00 6.57M 08-Jun-2022 14:30:34.793


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,

Symbol Price %Chg 15DMA PE EPS DivY MktCap Vol Trades Value LstTradeTime
ACCESSCORP 9.80 -1.53 9.89 3.54 2.81 7.04 348.34B 6.13M 143.00 60.34M 08-Jun-2022 14:31:33.093
FIDELITYBK 3.30 -3.64 3.37 2.92 1.17 10.23 95.62B 24.81M 185.00 80.21M 08-Jun-2022 14:31:30.687
COURTVILLE 0.51 -5.88 0.52 18.19 0.03 5.56 1.81B 427.39K 10.00 218.57K 08-Jun-2022 14:30:17.823
NEM 3.85 -9.09 3.93 11.41 0.37 5.24 19.31B 1.06M 10.00 4.08M 08-Jun-2022 14:30:27.813
CORNERST 0.56 -10.71 0.61 1.76 0.35 3.23 10.17B 1.29M 15.00 732.74K 08-Jun-2022 14:30:17.670
CHAMPION 3.50 -10.86 3.76 414.97 0.01 0.41 27.40B 709.48K 18.00 2.49M 08-Jun-2022 14:31:30.480


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,

Symbol Name Volume 90DAvgVol %VolChg Price LClose %Chg Trades Value
TRANSCORP TRANSNATIONAL CORPORATION OF NIGERIA PLC 103.56M 32.52M 218.42 1.30 1.23 5.69 157 131.25M
JAPAULGOLD JAPAUL GOLD & VENTURES PLC 10.35M 3.53M 193.27 0.30 0.32 -6.25 40 3.12M
CHAMS CHAMS PLC 7.81M 3.84M 103.35 0.25 0.25 0.00 20 1.88M
LEARNAFRCA LEARN AFRICA PLC 936.74K 299.67K 212.59 2.25 2.37 -5.06 19 2.11M


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,



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

Symbol DivYield PE EPS Beta %ChgYTD ASIYTDReturn BetaDiff
CHAMPION 0.41 414.97 0.01 0.88 48.94 23.63 0.12
WEMABANK 7.29 82.98 0.04 0.73 316.46 23.63 0.27
INTBREW 3.55 0.00 0.00 0.71 43.43 23.63 0.29
ARDOVA 1.27 3.77 3.97 0.63 27.78 23.63 0.37
LEARNAFRCA 6.33 4.68 0.51 0.58 92.31 23.63 0.42
COURTVILLE 5.56 18.19 0.03 0.55 34.21 23.63 0.45
NGXGROUP 0.00 0.00 0.00 0.53 28.21 23.63 0.48
JAIZBANK 4.21 32.87 0.03 0.47 55.17 23.63 0.53
NB 1.88 39.77 1.60 0.46 32.71 23.63 0.54
OKOMUOIL 4.13 34.37 5.63 0.45 36.27 23.63 0.55


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

OPEC Basket Price Vs ASI (365 Day Chart)

For more detailed analysis,


Top ASI Gainers Over Last 5 Trading Days
Symbol Price %Chg5Dys %Chg1Dy %ChgWTD %ChgMTD %ChgQTD %ChgYTD
GSPECPLC 2.75 10.00 0.00 10.00 -0.72 -27.25 -34.37
GLAXOSMITH 7.30 6.57 1.39 6.57 5.04 28.07 22.69
LINKASSURE 0.56 3.70 3.70 3.70 0.00 12.00 12.00
PZ 13.00 3.17 3.17 3.17 13.04 23.22 113.11
TRANSCORP 1.30 3.17 5.69 3.17 0.00 32.65 32.65
UNILEVER 14.90 2.76 2.76 2.76 2.41 12.03 2.76
UCAP 13.45 2.67 0.75 2.67 3.46 10.25 35.18
STERLNBANK 1.54 2.67 0.00 2.67 2.67 1.99 0.65
CAVERTON 1.17 2.63 7.34 2.63 1.74 -2.50 -26.88
MTNN 240.00 2.35 0.00 2.35 4.35 12.15 21.83
Top ASI Losers Over Last 5 Trading Days
Symbol Price %Chg5Dys %Chg1Dy %ChgWTD %ChgMTD %ChgQTD %ChgYTD
CHAMPION 3.50 -10.03 -9.79 -10.03 -11.17 62.79 48.94
CORNERST 0.56 -9.68 -9.68 -9.68 -9.68 -15.15 12.00
ETRANZACT 2.71 -9.67 -9.67 -9.67 -9.67 2.26 43.39
FBNH 10.30 -8.44 -5.50 -8.44 -9.25 -15.57 -8.85
NEM 3.85 -8.33 -8.33 -8.33 0.79 -3.02 -14.44
CADBURY 16.65 -5.93 0.00 -5.93 -5.93 108.13 89.20
COURTVILLE 0.51 -5.56 -5.56 -5.56 -3.77 -3.77 34.21
CUTIX 2.74 -5.52 4.98 -5.52 -4.53 33.66 3.40
LEARNAFRCA 2.25 -5.06 -5.06 -5.06 9.76 19.68 92.31
WAPIC 0.40 -4.76 0.00 -4.76 -9.09 -9.09 -24.53

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
Name LClose Change %Chg
BRVM Stock Exchange 208.50 1.12 0.54
Botswana Stock Exchange 7,222.91 2.17 0.03
Egyptian Exchange 10,048.36 63.90 0.64
Ghana Stock Exchange 2,550.98 0.00 0.00
Johannesburg Stock Exchange 70,318.23 -803.68 -1.13
Lusaka Stock Exchange 6,814.34 13.60 0.20
Casablanca Stock Exchange 12,716.87 51.93 0.41
Malawi Stock Exchange 50,177.11 -105.59 -0.21
Nigeria Stock Exchange 53,270.88 184.02 0.35
Nairobi Securities Exchange 129.88 0.14 0.11
Namibian Stock Exchange 1,779.37 -9.84 -0.55
Rwanda Stock Exchange 146.90 0.00 0.00
Tunis Stock Exchange 7,323.77 -17.62 -0.24
Nigeria Market Indexes
Symbol LClose %Chg WTD% MTD% QTD% YTD% MktCap Trades
ASI 53,193.98 -0.14 0.20 0.42 13.56 23.63 28,677.41B 4,265
NGX30 1,935.94 -0.07 0.31 0.45 8.51 11.18 19,938.20B 2,882
NGXAFRBVI 982.77 -0.64 -0.62 -0.55 2.38 -5.97 2,557.46B 1,063
NGXAFRHDYI 3,291.99 -0.04 -0.26 -0.48 12.00 29.90 8,068.48B 1,050
NGXASEM 658.99 0.00 0.00 0.00 0.00 -1.74 1.36B 0
NGXBNK 420.12 -0.86 -0.58 -1.02 2.62 3.06 1,963.42B 965
NGXCG 1,359.45 -0.50 -0.16 0.25 7.18 6.34 4,210.91B 2,741
NGXCNSMRGDS 645.92 0.13 -0.13 -0.98 16.56 10.63 2,650.28B 609
NGXGROWTH 1,443.13 0.00 0.00 0.74 -0.23 13.66 8.44B 14
NGXINDUSTR 2,196.30 0.03 0.07 0.09 3.84 6.21 7,864.00B 300
NGXINS 177.14 -1.76 -2.12 -1.77 -4.26 -10.20 126.45B 142
NGXLOTUSISLM 3,302.24 0.00 0.84 1.16 6.97 8.82 14,201.11B 845
NGXMAINBOARD 2,340.78 -0.09 -0.13 -0.29 19.13 32.05 16,135.03B 2,940
NGXMERIGRW 2,382.27 0.04 -0.01 0.11 18.72 32.20 7,413.24B 987
NGXMERIVAL 2,238.47 -0.51 -0.14 -0.90 4.82 5.02 544.19B 1,089
NGXOILGAS 552.73 0.00 0.00 1.15 29.46 61.01 883.64B 206
NGXPENSION 1,860.73 -0.53 -0.50 -0.36 9.90 14.66 5,891.10B 3,048
NGXPREMIUM 5,039.76 -0.21 0.63 1.33 12.24 20.92 12,526.56B 1,311
NGXSOVBND 860.03 0.00 0.00 0.00 -0.11 -0.11 963.54B 1

For more detailed analysis,

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