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InfoWARE Analyst Daily Market Report (16-Nov-2022 15:09:39.085)
(Source: InfoWARE Terminal, Date: 16-Nov-2022)
Dear Investor,
InfoWARE Analyst Daily Market Report - 16-Nov-2022 15:09:39.083

The Nigerian equities market recorded another up day, as the NGX All-Share Index (NGXASI) closed the day up by 0.55%, to bring the Year-to-Date returns up 2.38%. The All Share Index closed at 44,050.44 against the previous close of 43,808.25, volume traded increased by 54.10% from 103.47M to 159.44M, while market turnover (the total value of shares traded) increased by 141.12% from NGN1.19B to NGN2.86B in 3,039.00 deals.
Market breadth (1.44x) signified Thirty-nine (39) advancers, as against Twenty-seven (27) decliners. Volume was up for 87 companies and down for 53


CORNERSTONE INSURANCE COMPANY PLC. (CORNERST) topped the advancers list closing at N0.44 with a gain of 10.00% followed by MRS OIL NIGERIA PLC. (MRS) which closed at N14.10 with a gain of 9.73%.

On the flip side ETERNA PLC. (ETERNA) and GUINNESS NIG PLC (GUINNESS) topped the decliners log with a loss of -10.00% at a close of N5.67, and -9.98% to close the day at N67.20 respectively.

Top Gainers
SymbolLClose%Chg
CORNERST0.4410.00
MRS14.109.73
ZENITHBANK21.808.46
GTCO19.306.63
WAPCO21.305.97
Top Losers
SymbolLClose%Chg
ETERNA5.67-10.00
GUINNESS67.20-9.98
SCOA1.43-9.49
SUNUASSUR0.29-9.38
COURTVILLE0.46-8.00

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 fell 0.54%(-2.39) against the Dollar to settle at 442.92 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
FGSUK2025S2105.004.29102.770.000.004.00K1.004.20M16-Nov-2022 14:28:43.890
NGXBNK389.174.04374.576.1034.650.000.0065.70M702.00508.26M16-Nov-2022 14:28:47.713
ACADEMY1.303.851.280.000.008.00982.80M621.94K6.00805.99K16-Nov-2022 14:27:47.070
NGXMERIVAL2,134.082.162,098.3112.1338.380.000.0056.73M801.00517.02M16-Nov-2022 14:28:48.420
NGXCG1,157.091.831,141.07443.35327.970.000.00108.08M1,945.001.77B16-Nov-2022 14:28:47.790
NGXPENSION1,633.621.731,608.64429.80359.590.000.00108.06M2,129.001.81B16-Nov-2022 14:28:48.580
CAVERTON0.881.140.870.551.5711.492.95B482.45K14.00423.94K16-Nov-2022 14:27:51.527
NGX501,589.471.131,571.3823.61149.670.000.00102.46M1,773.001.26B16-Nov-2022 14:28:47.407
NGXPREMIUM4,273.700.944,256.512,048.74238.700.000.0037.03M843.00948.38M16-Nov-2022 14:28:48.650
BUAFOODS57.000.7956.470.000.006.191,026.00B4.27M52.00244.04M16-Nov-2022 14:27:50.503
NGX301,589.640.581,587.93575.61329.080.000.00108.98M2,089.002.44B16-Nov-2022 14:28:47.337
ASI44,050.440.5543,980.5611.84457.690.000.00159.44M3,039.002.86B16-Nov-2022 14:28:47.240
NGXLOTUSISLM2,779.130.252,778.231,270.9362.770.000.0013.77M546.001.39B16-Nov-2022 14:28:48.180
NGXMAINBOARD1,923.970.241,923.8112.90225.050.000.00122.40M2,195.001.91B16-Nov-2022 14:28:48.277


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
FIDELITYBK4.02-1.994.073.501.172.44116.48B27.95M110.00114.00M16-Nov-2022 14:27:59.253
NPFMCRFBK1.50-5.331.555.930.276.338.99B351.92K5.00525.79K16-Nov-2022 14:28:10.477
NEIMETH1.40-7.141.4990.950.024.672.66B199.48K14.00278.09K16-Nov-2022 14:28:08.780
COURTVILLE0.46-8.700.4916.840.038.001.63B1.37M11.00633.86K16-Nov-2022 14:27:54.677
FGSUK2031S453.00-88.6093.530.000.001.96K3.001.24M16-Nov-2022 14:28:44.037


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
FIDELITYBKFIDELITY BANK PLC27.95M8.40M232.644.024.10-1.95110114.00M
UNITYBNKUNITY BANK PLC7.26M919.69K689.920.490.52-5.77193.66M
NBNIGERIAN BREW. PLC.5.87M921.63K537.1337.5037.400.2777220.45M
FCMBFCMB GROUP PLC.4.41M1.94M127.623.293.30-0.307914.30M
BUAFOODSBUA FOODS PLC4.27M221.78K1,826.3157.0056.550.8052244.04M


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
CHAMPION0.46374.330.010.8848.942.380.12
OKOMUOIL4.1330.115.630.5619.372.380.44
NAHCO7.0714.140.410.5362.502.380.47
WEMABANK7.6279.450.040.51294.942.380.49
COURTVILLE8.0016.840.030.4921.052.380.51
LEARNAFRCA12.123.260.510.4741.032.380.53
TRANSCORP1.800.000.000.4612.242.380.54
NGXGROUP0.000.000.000.4319.492.380.57
UBN4.208.000.740.412.592.380.59
JAIZBANK4.4431.140.030.3953.452.380.61


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
ACADEMY1.3011.114.0011.11-3.70-18.75136.36
CWG0.8810.000.0010.0010.008.64-21.43
CAVERTON0.8810.001.1510.00-8.33-12.87-45.00
LEARNAFRCA1.6510.000.0010.00-1.79-11.2941.03
MRS14.109.739.739.738.88-1.7414.17
ZENITHBANK21.809.278.469.279.0012.95-13.83
GTCO19.309.046.639.049.669.66-25.77
NGXGROUP23.305.911.305.9116.508.3719.49
ETI10.005.265.265.260.50-11.1112.36
JAPAULGOLD0.283.70-3.453.703.707.69-30.00
Top ASI Losers Over Last 5 Trading Days
SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
ROYALEX0.73-14.12-5.19-14.121.39-20.65-14.12
UPDCREIT2.50-10.71-1.96-10.71-16.67-19.35-43.82
ETERNA5.67-10.00-10.00-10.00-10.00-10.0012.28
GUINNESS67.20-9.98-9.98-9.98-18.94-18.9472.31
SCOA1.43-9.49-9.49-9.49-18.29-18.2937.50
SUNUASSUR0.29-9.38-9.38-9.38-17.14-9.38-29.27
UNITYBNK0.49-9.26-5.77-9.268.8911.36-5.77
FTNCOCOA0.31-8.820.00-8.820.0010.71-20.51
COURTVILLE0.46-8.00-8.00-8.00-8.000.0021.05
ABCTRANS0.25-7.410.00-7.41-7.41-10.71-19.35

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 Exchange192.89-2.34-1.20
Botswana Stock Exchange7,591.190.000.00
Egyptian Exchange12,137.001.210.01
Ghana Stock Exchange2,450.641.220.05
Johannesburg Stock Exchange72,822.50-160.56-0.22
Lusaka Stock Exchange7,251.9533.210.46
Casablanca Stock Exchange10,466.66111.831.08
Malawi Stock Exchange58,689.130.000.00
Nairobi Securities Exchange127.85-0.24-0.19
Namibian Stock Exchange1,699.580.510.03
Rwanda Stock Exchange147.480.000.00
Tunis Stock Exchange8,136.8811.380.14
Uganda Securities Exchange1,205.340.000.00
Nigeria Market Indexes
SymbolLClose%ChgWTD%MTD%QTD%YTD%MktCapTrades
ASI44,050.440.550.530.70-9.882.3823,991.18B3,039
NGX301,589.640.580.510.59-8.60-8.7121,769.49B2,089
NGXAFRBVI886.775.035.935.998.99-15.152,300.38B914
NGXAFRHDYI3,031.912.873.255.776.6219.636,526.63B1,102
NGXASEM658.990.000.000.000.00-1.741.36B0
NGXBNK389.174.214.463.715.35-4.541,818.77B702
NGXCG1,157.091.872.121.58-0.48-9.493,918.34B1,945
NGXCNSMRGDS546.66-0.240.14-2.18-6.12-6.373,067.33B414
NGXGROWTH1,659.110.000.000.000.0030.679.70B1
NGXINDUSTR1,978.050.36-0.293.3711.55-4.346,989.40B192
NGXINS154.530.78-0.33-2.88-8.73-21.66105.36B130
NGXLOTUSISLM2,779.130.250.141.08-8.57-8.4218,190.90B546
NGXMAINBOARD1,923.970.240.43-0.27-14.438.5413,493.27B2,195
NGXMERIGRW2,104.061.141.824.36-0.6416.766,470.97B762
NGXMERIVAL2,134.082.212.380.996.680.12543.11B801
NGXOILGAS450.44-0.35-0.04-2.41-11.0731.22801.59B189
NGXPENSION1,633.621.761.951.80-0.040.674,940.12B2,129
NGXPREMIUM4,273.700.950.662.04-3.222.5410,480.84B843
NGXSOVBND824.630.000.00-1.36-1.58-4.22923.68B0

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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