InfoWARE Analyst Daily Market Report (22-Sep-2022 15:20:23.251)

InfoWARE Analyst Daily Market Report (22-Sep-2022 15:20:23.251)
(Source: InfoWARE Terminal, Date: 22-Sep-2022)

Dear Investor,

InfoWARE Analyst Daily Market Report - 22-Sep-2022 15:20:23.215

The Nigerian equities market recorded another down day, as the NGX All-Share Index (NGXASI) closed the day down by -0.47%, to bring the Year-to-Date returns up 14.33%. The All Share Index closed at 49,190.34 against the previous close of 49,421.91, volume traded increased by 144.51% from 51.88M to 126.84M, while market turnover (the total value of shares traded) increased by 202.00% from NGN590.01M to NGN1.78B in 3,117.00 deals.
Market breadth (0.56x) signified Fifteen (15) advancers, as against Twenty-seven (27) decliners. Volume was up for 69 companies and down for 62

TRANS-NATIONWIDE EXPRESS PLC. (TRANSEXPR) topped the advancers list closing at N0.75 with a gain of 8.70% followed by N.E.M INSURANCE CO (NIG) PLC. (NEM) which closed at N5.39 with a gain of 2.67%.

On the flip side CORNERSTONE INSURANCE COMPANY PLC. (CORNERST) and MULTIVERSE PLC (MULTIVERSE) topped the decliners log with a loss of -10.00% at a close of N0.54, and -9.90% to close the day at N2.82 respectively.

Top Gainers

Symbol	LClose	%Chg
TRANSEXPR	0.75	8.70
NEM	5.39	2.67
CUTIX	2.05	2.50
ACADEMY	1.70	2.41
INTBREW	5.05	2.02

Top Losers

Symbol	LClose	%Chg
CORNERST	0.54	-10.00
MULTIVERSE	2.82	-9.90
CADBURY	11.75	-9.62
BUACEMENT	50.10	-6.18
GUINNESS	83.00	-5.57

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 0.53%(2.30) against the Dollar to settle at 430.63 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
NEM	5.39	2.60	5.30	14.26	0.37	4.19	27.04B	1.28M	22.00	6.44M	22-Sep-2022 14:29:46.367
STERLNBANK	1.50	1.33	1.49	4.96	0.30	6.76	43.19B	2.06M	30.00	3.08M	22-Sep-2022 14:28:45.393
FGSUK2024S1	110.00	0.00	108.60			0.00	0.00	0.00	0.00	0.00	22-Sep-2022 14:29:18.240
WAPCO	24.50	0.00	24.47	8.55	2.87	4.08	394.64B	381.42K	32.00	9.21M	22-Sep-2022 14:29:49.490

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
NGXCNSMRGDS	604.49	-0.37	606.74	30.19	55.24	0.00	0.00	4.49M	459.00	163.56M	22-Sep-2022 14:29:22.370
UNILEVER	13.00	-2.69	13.17	33.61	0.40	3.75	74.69B	591.00K	38.00	7.63M	22-Sep-2022 14:28:47.727

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
NGXGROUP	NIGERIAN EXCHANGE GROUP	30.75M	1.34M	2,195.52	18.00	18.55	-2.96	105	553.54M
ZENITHBANK	ZENITH INTERNATIONAL BANK PLC	24.39M	10.13M	140.74	20.00	19.95	0.25	311	488.01M
FIDELITYBK	FIDELITY BANK PLC	13.84M	5.67M	144.20	3.67	3.67	0.00	147	50.66M
GUINNESS	GUINNESS NIG PLC	1.49M	345.31K	331.55	83.00	87.90	-5.57	122	123.65M
CADBURY	CADBURY NIGERIA PLC.	545.21K	247.39K	120.38	11.75	13.00	-9.62	28	6.48M

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"

Top ASI Gainers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
UNITYBNK	0.44	10.00	0.00	10.00	2.33	-2.22	-15.38
RTBRISCOE	0.33	10.00	0.00	10.00	-5.71	-25.00	65.00
TRANSEXPR	0.75	8.70	8.70	8.70	8.70	7.14	-7.41
FIDELITYBK	3.67	7.62	0.00	7.62	10.21	11.21	43.92
LINKASSURE	0.48	4.35	0.00	4.35	-7.69	-15.79	-4.00
REGALINS	0.26	4.00	0.00	4.00	0.00	0.00	-46.94
MBENEFIT	0.28	3.70	0.00	3.70	-3.45	12.00	-12.50
WAPIC	0.37	2.78	0.00	2.78	-2.63	-9.76	-30.19
UBA	7.40	2.07	0.68	2.07	1.37	0.00	-8.07
INTBREW	5.05	2.02	2.02	2.02	1.00	-19.84	2.02

Top ASI Losers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
CADBURY	11.75	-14.55	-9.62	-14.55	-9.62	-27.91	33.52
CORNERST	0.54	-12.90	-10.00	-12.90	-21.74	-28.00	8.00
TOTAL	211.10	-9.98	0.00	-9.98	-9.98	-9.98	-4.87
LEARNAFRCA	1.86	-9.71	0.00	-9.71	-24.70	-17.33	58.97
NGXGROUP	18.00	-8.86	-2.97	-8.86	-18.18	-19.10	-7.69
ACADEMY	1.70	-7.61	2.41	-7.61	-19.05	33.86	209.09
NPFMCRFBK	1.55	-6.63	0.00	-6.63	0.00	-8.82	-8.82
BUACEMENT	50.10	-6.18	-6.18	-6.18	-6.18	-30.32	-30.37
UCAP	11.20	-5.88	-1.32	-5.88	-6.67	-12.50	12.56
GUINNESS	83.00	-5.57	-5.57	-5.57	-5.57	-8.29	112.82

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	207.24	-0.94	-0.45
Botswana Stock Exchange	7,389.77	0.00	0.00
Egyptian Exchange	9,955.85	-55.06	-0.55
Johannesburg Stock Exchange	66,208.69	-392.95	-0.59
Lusaka Stock Exchange	7,210.58	-0.72	-0.01
Malawi Stock Exchange	54,397.73	0.00	0.00
Nairobi Securities Exchange	134.75	-0.22	-0.16
Namibian Stock Exchange	1,504.11	5.10	0.34
Rwanda Stock Exchange	147.59	0.00	0.00
Tunis Stock Exchange	8,165.04	40.62	0.50
Uganda Securities Exchange	1,242.84	-4.37	-0.35

Nigeria Market Indexes

Symbol	LClose	%Chg	WTD%	MTD%	QTD%	YTD%	MktCap	Trades
ASI	49,190.34	-0.47	-0.51	-1.40	-5.09	14.33	26,532.85B	3,117
NGX30	1,752.69	-0.56	-0.53	-1.37	-7.19	0.65	24,005.43B	2,243
NGXAFRBVI	865.00	0.10	0.30	-2.85	-6.71	-17.23	2,243.92B	1,134
NGXAFRHDYI	2,956.40	-0.08	-0.71	-2.52	-7.44	16.65	6,389.26B	1,174
NGXASEM	658.99	0.00	0.00	0.00	0.00	-1.74	1.36B	0
NGXBNK	379.38	0.42	1.14	-1.65	-4.97	-6.94	1,773.03B	906
NGXCG	1,200.00	-0.10	-0.07	-1.47	-9.06	-6.13	4,062.40B	2,227
NGXCNSMRGDS	604.49	-0.36	-0.43	0.56	-3.12	3.54	3,391.79B	459
NGXGROWTH	1,659.11	0.00	0.00	-0.88	11.20	30.67	9.70B	1
NGXINDUSTR	1,749.55	-2.30	-2.34	-2.51	-18.74	-15.39	6,182.02B	132
NGXINS	175.07	-0.32	-1.38	-2.34	-3.02	-11.25	119.36B	137
NGXLOTUSISLM	3,055.46	-0.63	-0.65	-1.14	-6.03	0.68	20,003.17B	462
NGXMAINBOARD	2,261.27	-0.84	-0.95	-1.85	-0.57	27.57	15,601.42B	2,044
NGXMERIGRW	2,163.23	-0.47	-0.36	-2.39	-8.50	20.04	6,690.93B	893
NGXMERIVAL	2,083.37	0.09	1.29	0.07	-3.29	-2.26	530.20B	874
NGXOILGAS	508.32	-0.20	-2.59	-4.78	-6.42	48.08	904.59B	129
NGXPENSION	1,679.98	-0.14	0.09	-1.26	-7.96	3.52	5,106.85B	2,414
NGXPREMIUM	4,442.01	0.06	0.14	-0.68	-9.87	6.58	10,914.36B	1,072
NGXSOVBND	837.85	0.00	0.00	-1.42	-1.92	-2.68	938.57B	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"