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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
SymbolLClose%Chg
TRANSEXPR0.758.70
NEM5.392.67
CUTIX2.052.50
ACADEMY1.702.41
INTBREW5.052.02
Top Losers
SymbolLClose%Chg
CORNERST0.54-10.00
MULTIVERSE2.82-9.90
CADBURY11.75-9.62
BUACEMENT50.10-6.18
GUINNESS83.00-5.57

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"
SymbolPrice%Chg15DMAPEEPSDivYMktCapVolTradesValueLstTradeTime
NEM5.392.605.3014.260.374.1927.04B1.28M22.006.44M22-Sep-2022 14:29:46.367
STERLNBANK1.501.331.494.960.306.7643.19B2.06M30.003.08M22-Sep-2022 14:28:45.393
FGSUK2024S1110.000.00108.600.000.000.000.000.0022-Sep-2022 14:29:18.240
WAPCO24.500.0024.478.552.874.08394.64B381.42K32.009.21M22-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,

SymbolPrice%Chg15DMAPEEPSDivYMktCapVolTradesValueLstTradeTime
NGXCNSMRGDS604.49-0.37606.7430.1955.240.000.004.49M459.00163.56M22-Sep-2022 14:29:22.370
UNILEVER13.00-2.6913.1733.610.403.7574.69B591.00K38.007.63M22-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

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
NGXGROUPNIGERIAN EXCHANGE GROUP30.75M1.34M2,195.5218.0018.55-2.96105553.54M
ZENITHBANKZENITH INTERNATIONAL BANK PLC24.39M10.13M140.7420.0019.950.25311488.01M
FIDELITYBKFIDELITY BANK PLC13.84M5.67M144.203.673.670.0014750.66M
GUINNESSGUINNESS NIG PLC1.49M345.31K331.5583.0087.90-5.57122123.65M
CADBURYCADBURY NIGERIA PLC.545.21K247.39K120.3811.7513.00-9.62286.48M


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.

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
UNITYBNK0.4410.000.0010.002.33-2.22-15.38
RTBRISCOE0.3310.000.0010.00-5.71-25.0065.00
TRANSEXPR0.758.708.708.708.707.14-7.41
FIDELITYBK3.677.620.007.6210.2111.2143.92
LINKASSURE0.484.350.004.35-7.69-15.79-4.00
REGALINS0.264.000.004.000.000.00-46.94
MBENEFIT0.283.700.003.70-3.4512.00-12.50
WAPIC0.372.780.002.78-2.63-9.76-30.19
UBA7.402.070.682.071.370.00-8.07
INTBREW5.052.022.022.021.00-19.842.02
Top ASI Losers Over Last 5 Trading Days
SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
CADBURY11.75-14.55-9.62-14.55-9.62-27.9133.52
CORNERST0.54-12.90-10.00-12.90-21.74-28.008.00
TOTAL211.10-9.980.00-9.98-9.98-9.98-4.87
LEARNAFRCA1.86-9.710.00-9.71-24.70-17.3358.97
NGXGROUP18.00-8.86-2.97-8.86-18.18-19.10-7.69
ACADEMY1.70-7.612.41-7.61-19.0533.86209.09
NPFMCRFBK1.55-6.630.00-6.630.00-8.82-8.82
BUACEMENT50.10-6.18-6.18-6.18-6.18-30.32-30.37
UCAP11.20-5.88-1.32-5.88-6.67-12.5012.56
GUINNESS83.00-5.57-5.57-5.57-5.57-8.29112.82

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
NameLCloseChange%Chg
BRVM Stock Exchange207.24-0.94-0.45
Botswana Stock Exchange7,389.770.000.00
Egyptian Exchange9,955.85-55.06-0.55
Johannesburg Stock Exchange66,208.69-392.95-0.59
Lusaka Stock Exchange7,210.58-0.72-0.01
Malawi Stock Exchange54,397.730.000.00
Nairobi Securities Exchange134.75-0.22-0.16
Namibian Stock Exchange1,504.115.100.34
Rwanda Stock Exchange147.590.000.00
Tunis Stock Exchange8,165.0440.620.50
Uganda Securities Exchange1,242.84-4.37-0.35
Nigeria Market Indexes
SymbolLClose%ChgWTD%MTD%QTD%YTD%MktCapTrades
ASI49,190.34-0.47-0.51-1.40-5.0914.3326,532.85B3,117
NGX301,752.69-0.56-0.53-1.37-7.190.6524,005.43B2,243
NGXAFRBVI865.000.100.30-2.85-6.71-17.232,243.92B1,134
NGXAFRHDYI2,956.40-0.08-0.71-2.52-7.4416.656,389.26B1,174
NGXASEM658.990.000.000.000.00-1.741.36B0
NGXBNK379.380.421.14-1.65-4.97-6.941,773.03B906
NGXCG1,200.00-0.10-0.07-1.47-9.06-6.134,062.40B2,227
NGXCNSMRGDS604.49-0.36-0.430.56-3.123.543,391.79B459
NGXGROWTH1,659.110.000.00-0.8811.2030.679.70B1
NGXINDUSTR1,749.55-2.30-2.34-2.51-18.74-15.396,182.02B132
NGXINS175.07-0.32-1.38-2.34-3.02-11.25119.36B137
NGXLOTUSISLM3,055.46-0.63-0.65-1.14-6.030.6820,003.17B462
NGXMAINBOARD2,261.27-0.84-0.95-1.85-0.5727.5715,601.42B2,044
NGXMERIGRW2,163.23-0.47-0.36-2.39-8.5020.046,690.93B893
NGXMERIVAL2,083.370.091.290.07-3.29-2.26530.20B874
NGXOILGAS508.32-0.20-2.59-4.78-6.4248.08904.59B129
NGXPENSION1,679.98-0.140.09-1.26-7.963.525,106.85B2,414
NGXPREMIUM4,442.010.060.14-0.68-9.876.5810,914.36B1,072
NGXSOVBND837.850.000.00-1.42-1.92-2.68938.57B0

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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