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InfoWARE Analyst Daily Market Report (05-Oct-2022 16:26:34.346)
(Source: InfoWARE Terminal, Date: 05-Oct-2022)
Dear Investor,
InfoWARE Analyst Daily Market Report - 05-Oct-2022 16:26:34.342

The Nigerian equities market recorded another down day, as the NGX All-Share Index (NGXASI) closed the day down by -0.09%, to bring the Year-to-Date returns up 13.50%. The All Share Index closed at 48,836.70 against the previous close of 48,879.74, volume traded decreased by -21.87% from 173.46M to 135.52M, while market turnover (the total value of shares traded) decreased by -7.12% from NGN2.39B to NGN2.22B in 4,041.00 deals.
Market breadth (0.38x) signified Fifteen (15) advancers, as against Thirty-nine (39) decliners. Volume was up for 64 companies and down for 81


MULTIVERSE PLC (MULTIVERSE) topped the advancers list closing at N4.45 with a gain of 9.88% followed by RED STAR EXPRESS PLC (REDSTAREX) which closed at N2.32 with a gain of 9.43%.

On the flip side CADBURY NIGERIA PLC. (CADBURY) and N NIG. FLOUR MILLS PLC. (NNFM) topped the decliners log with a loss of -9.93% at a close of N12.25, and -9.33% to close the day at N6.80 respectively.

Top Gainers
SymbolLClose%Chg
MULTIVERSE4.459.88
REDSTAREX2.329.43
SOVRENINS0.278.00
JAPAULGOLD0.287.69
CHIPLC0.577.55
Top Losers
SymbolLClose%Chg
CADBURY12.25-9.93
NNFM6.80-9.33
PZ8.40-9.19
CORNERST0.51-8.93
LOTUSHAL1513.50-7.85

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 0.05%(0.23) against the Dollar to settle at 432.35 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
BUACEMENT52.000.0051.950.000.005.001,760.95B10.06K29.00473.45K05-Oct-2022 14:28:19.710
NGXINDUSTR1,773.170.001,772.8639.9018.970.000.001.80M196.0026.55M05-Oct-2022 14:29:16.250


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
SIAMLETF4058.00-3.4558.670.000.001.00K1.0058.00K05-Oct-2022 14:29:48.283
STANBIC29.00-3.4529.573.658.235.00375.75B570.75K58.0016.62M05-Oct-2022 14:28:39.377
STERLNBANK1.48-4.731.515.190.306.4542.61B9.94M53.0015.24M05-Oct-2022 14:28:39.747
UNITYBNK0.41-7.320.438.860.0511.364.79B259.75K8.00107.65K05-Oct-2022 14:28:43.253
LOTUSHAL1513.50-8.5213.580.000.00101.002.001.36K05-Oct-2022 14:29:47.947
CADBURY12.25-11.0212.9021.230.643.6823.01B702.11K33.008.61M05-Oct-2022 14:28:20.050


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
CHAMSCHAMS PLC25.50M2.94M766.620.290.290.00647.40M
OANDOOANDO PLC6.96M2.38M192.014.624.70-1.7013231.82M
SOVRENINSSOVEREIGN TRUST INSURANCE PLC3.35M913.23K266.910.270.258.008897.51K
AFRIPRUDAFRICA PRUDENTIAL REGISTRARS PLC1.24M344.92K258.265.005.20-3.85696.20M
CADBURYCADBURY NIGERIA PLC.702.11K264.25K165.7012.2513.60-9.93338.61M


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

SymbolDivYieldPEEPSBeta%ChgYTDASIYTDReturnBetaDiff
UACN6.344.372.35-0.7113.8913.500.29
WEMABANK6.9687.020.040.64308.8613.500.36
JAIZBANK4.4431.140.030.6255.1713.500.38
MULTIVERSE0.250.000.00-0.562,125.0013.500.44
NAHCO7.4513.400.410.5552.7813.500.45
CADBURY3.6821.230.640.5339.2013.500.47
COURTVILLE8.7015.490.030.5121.0513.500.49
LEARNAFRCA10.753.670.510.4658.9713.500.54
OKOMUOIL3.7233.445.630.4432.6113.500.56
SEPLAT0.855.88212.700.3992.3113.500.61


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
SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
MULTIVERSE4.459.889.889.889.889.882,125.00
REDSTAREX2.329.439.439.439.439.43-32.75
SOVRENINS0.278.008.008.008.008.00-3.57
JAPAULGOLD0.287.697.697.697.697.69-30.00
CHIPLC0.577.557.557.557.557.55-22.97
UCAP10.803.853.853.853.853.858.54
AIICO0.573.643.643.643.643.64-20.83
HONYFLOUR2.311.761.761.761.761.76-32.06
IKEJAHOTEL1.130.890.890.890.890.89-7.38
UBA6.800.740.740.740.740.74-15.53
Top ASI Losers Over Last 5 Trading Days
SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
CADBURY12.25-9.93-9.93-9.93-9.93-9.9339.20
NNFM6.80-9.33-9.33-9.33-9.33-9.33-5.56
PZ8.40-9.19-9.19-9.19-9.19-9.1937.70
CORNERST0.51-8.93-8.93-8.93-8.93-8.932.00
UNITYBNK0.41-6.82-6.82-6.82-6.82-6.82-21.15
WEMABANK3.23-6.38-6.38-6.38-6.38-6.38308.86
FCMB3.13-4.86-4.86-4.86-4.86-4.869.82
STERLNBANK1.48-4.52-4.52-4.52-4.52-4.52-3.27
AFRIPRUD5.00-3.85-3.85-3.85-3.85-3.85-20.63
FTNCOCOA0.27-3.57-3.57-3.57-3.57-3.57-30.77

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 Exchange202.77-0.35-0.17
Botswana Stock Exchange7,416.309.630.13
Egyptian Exchange9,923.81238.262.46
Ghana Stock Exchange2,461.521.480.06
Johannesburg Stock Exchange66,312.812,087.333.25
Lusaka Stock Exchange7,323.10-19.09-0.26
Casablanca Stock Exchange11,617.8731.280.27
Malawi Stock Exchange54,363.490.000.00
Nairobi Securities Exchange126.66-1.25-0.98
Namibian Stock Exchange1,499.0631.702.16
Rwanda Stock Exchange147.520.000.00
Tunis Stock Exchange8,241.61-63.12-0.76
Uganda Securities Exchange1,260.946.020.48
Nigeria Market Indexes
SymbolLClose%ChgWTD%MTD%QTD%YTD%MktCapTrades
ASI48,836.70-0.09-0.09-0.09-0.0913.5026,600.04B4,041
NGX301,736.47-0.16-0.16-0.16-0.16-0.2823,783.24B2,821
NGXAFRBVI801.90-1.44-1.44-1.44-1.44-23.272,080.22B1,464
NGXAFRHDYI2,837.20-0.23-0.23-0.23-0.2311.956,107.49B1,683
NGXASEM658.990.000.000.000.00-1.741.36B0
NGXBNK365.77-0.98-0.98-0.98-0.98-10.281,709.39B990
NGXCG1,156.26-0.55-0.55-0.55-0.55-9.553,915.53B2,680
NGXCNSMRGDS581.29-0.18-0.18-0.18-0.18-0.443,261.64B495
NGXGROWTH1,659.110.000.000.000.0030.679.70B2
NGXINDUSTR1,773.170.000.000.000.00-14.256,265.46B196
NGXINS169.660.210.210.210.21-13.99115.67B139
NGXLOTUSISLM3,039.720.000.000.000.000.1719,900.13B554
NGXMAINBOARD2,246.86-0.07-0.07-0.07-0.0726.7615,759.97B2,818
NGXMERIGRW2,105.48-0.57-0.57-0.57-0.5716.846,485.42B1,186
NGXMERIVAL1,985.88-0.73-0.73-0.73-0.73-6.83505.39B983
NGXOILGAS505.15-0.27-0.27-0.27-0.2747.15898.94B232
NGXPENSION1,624.31-0.61-0.61-0.61-0.610.094,915.55B2,956
NGXPREMIUM4,410.46-0.12-0.12-0.12-0.125.8210,822.99B1,221
NGXSOVBND837.850.000.000.000.00-2.68938.57B0

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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