InfoWARE Analyst Daily Market Report (16-Nov-2022 15:09:39.085)

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

Symbol	LClose	%Chg
CORNERST	0.44	10.00
MRS	14.10	9.73
ZENITHBANK	21.80	8.46
GTCO	19.30	6.63
WAPCO	21.30	5.97

Top Losers

Symbol	LClose	%Chg
ETERNA	5.67	-10.00
GUINNESS	67.20	-9.98
SCOA	1.43	-9.49
SUNUASSUR	0.29	-9.38
COURTVILLE	0.46	-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"

Symbol	Price	%Chg	15DMA	PE	EPS	DivY	MktCap	Vol	Trades	Value	LstTradeTime
FGSUK2025S2	105.00	4.29	102.77			0.00	0.00	4.00K	1.00	4.20M	16-Nov-2022 14:28:43.890
NGXBNK	389.17	4.04	374.57	6.10	34.65	0.00	0.00	65.70M	702.00	508.26M	16-Nov-2022 14:28:47.713
ACADEMY	1.30	3.85	1.28	0.00	0.00	8.00	982.80M	621.94K	6.00	805.99K	16-Nov-2022 14:27:47.070
NGXMERIVAL	2,134.08	2.16	2,098.31	12.13	38.38	0.00	0.00	56.73M	801.00	517.02M	16-Nov-2022 14:28:48.420
NGXCG	1,157.09	1.83	1,141.07	443.35	327.97	0.00	0.00	108.08M	1,945.00	1.77B	16-Nov-2022 14:28:47.790
NGXPENSION	1,633.62	1.73	1,608.64	429.80	359.59	0.00	0.00	108.06M	2,129.00	1.81B	16-Nov-2022 14:28:48.580
CAVERTON	0.88	1.14	0.87	0.55	1.57	11.49	2.95B	482.45K	14.00	423.94K	16-Nov-2022 14:27:51.527
NGX50	1,589.47	1.13	1,571.38	23.61	149.67	0.00	0.00	102.46M	1,773.00	1.26B	16-Nov-2022 14:28:47.407
NGXPREMIUM	4,273.70	0.94	4,256.51	2,048.74	238.70	0.00	0.00	37.03M	843.00	948.38M	16-Nov-2022 14:28:48.650
BUAFOODS	57.00	0.79	56.47	0.00	0.00	6.19	1,026.00B	4.27M	52.00	244.04M	16-Nov-2022 14:27:50.503
NGX30	1,589.64	0.58	1,587.93	575.61	329.08	0.00	0.00	108.98M	2,089.00	2.44B	16-Nov-2022 14:28:47.337
ASI	44,050.44	0.55	43,980.56	11.84	457.69	0.00	0.00	159.44M	3,039.00	2.86B	16-Nov-2022 14:28:47.240
NGXLOTUSISLM	2,779.13	0.25	2,778.23	1,270.93	62.77	0.00	0.00	13.77M	546.00	1.39B	16-Nov-2022 14:28:48.180
NGXMAINBOARD	1,923.97	0.24	1,923.81	12.90	225.05	0.00	0.00	122.40M	2,195.00	1.91B	16-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,

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
FIDELITYBK	4.02	-1.99	4.07	3.50	1.17	2.44	116.48B	27.95M	110.00	114.00M	16-Nov-2022 14:27:59.253
NPFMCRFBK	1.50	-5.33	1.55	5.93	0.27	6.33	8.99B	351.92K	5.00	525.79K	16-Nov-2022 14:28:10.477
NEIMETH	1.40	-7.14	1.49	90.95	0.02	4.67	2.66B	199.48K	14.00	278.09K	16-Nov-2022 14:28:08.780
COURTVILLE	0.46	-8.70	0.49	16.84	0.03	8.00	1.63B	1.37M	11.00	633.86K	16-Nov-2022 14:27:54.677
FGSUK2031S4	53.00	-88.60	93.53			0.00	0.00	1.96K	3.00	1.24M	16-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

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
FIDELITYBK	FIDELITY BANK PLC	27.95M	8.40M	232.64	4.02	4.10	-1.95	110	114.00M
UNITYBNK	UNITY BANK PLC	7.26M	919.69K	689.92	0.49	0.52	-5.77	19	3.66M
NB	NIGERIAN BREW. PLC.	5.87M	921.63K	537.13	37.50	37.40	0.27	77	220.45M
FCMB	FCMB GROUP PLC.	4.41M	1.94M	127.62	3.29	3.30	-0.30	79	14.30M
BUAFOODS	BUA FOODS PLC	4.27M	221.78K	1,826.31	57.00	56.55	0.80	52	244.04M

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.

For more detailed analysis,

On InfoWARE Market Data Terminal <HYIELD> <GO>
On InfoWARE Finance Mobile App ( Android , iPhone & iPad and Windows 10) , "Research"

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

On InfoWARE Market Data Terminal <BANL> <GO>
On InfoWARE Finance Mobile App ( Android , iPhone & iPad and Windows 10)

Symbol	DivYield	PE	EPS	Beta	%ChgYTD	ASIYTDReturn	BetaDiff
CHAMPION	0.46	374.33	0.01	0.88	48.94	2.38	0.12
OKOMUOIL	4.13	30.11	5.63	0.56	19.37	2.38	0.44
NAHCO	7.07	14.14	0.41	0.53	62.50	2.38	0.47
WEMABANK	7.62	79.45	0.04	0.51	294.94	2.38	0.49
COURTVILLE	8.00	16.84	0.03	0.49	21.05	2.38	0.51
LEARNAFRCA	12.12	3.26	0.51	0.47	41.03	2.38	0.53
TRANSCORP	1.80	0.00	0.00	0.46	12.24	2.38	0.54
NGXGROUP	0.00	0.00	0.00	0.43	19.49	2.38	0.57
UBN	4.20	8.00	0.74	0.41	2.59	2.38	0.59
JAIZBANK	4.44	31.14	0.03	0.39	53.45	2.38	0.61

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

On InfoWARE Market Data Terminal <BANL> <GO>
On InfoWARE Finance Mobile App ( Android , iPhone & iPad and Windows 10)

OPEC Basket Price Vs ASI (365 Day Chart)

For more detailed analysis,

On InfoWARE Market Data Terminal <OVA> <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
ACADEMY	1.30	11.11	4.00	11.11	-3.70	-18.75	136.36
CWG	0.88	10.00	0.00	10.00	10.00	8.64	-21.43
CAVERTON	0.88	10.00	1.15	10.00	-8.33	-12.87	-45.00
LEARNAFRCA	1.65	10.00	0.00	10.00	-1.79	-11.29	41.03
MRS	14.10	9.73	9.73	9.73	8.88	-1.74	14.17
ZENITHBANK	21.80	9.27	8.46	9.27	9.00	12.95	-13.83
GTCO	19.30	9.04	6.63	9.04	9.66	9.66	-25.77
NGXGROUP	23.30	5.91	1.30	5.91	16.50	8.37	19.49
ETI	10.00	5.26	5.26	5.26	0.50	-11.11	12.36
JAPAULGOLD	0.28	3.70	-3.45	3.70	3.70	7.69	-30.00

Top ASI Losers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
ROYALEX	0.73	-14.12	-5.19	-14.12	1.39	-20.65	-14.12
UPDCREIT	2.50	-10.71	-1.96	-10.71	-16.67	-19.35	-43.82
ETERNA	5.67	-10.00	-10.00	-10.00	-10.00	-10.00	12.28
GUINNESS	67.20	-9.98	-9.98	-9.98	-18.94	-18.94	72.31
SCOA	1.43	-9.49	-9.49	-9.49	-18.29	-18.29	37.50
SUNUASSUR	0.29	-9.38	-9.38	-9.38	-17.14	-9.38	-29.27
UNITYBNK	0.49	-9.26	-5.77	-9.26	8.89	11.36	-5.77
FTNCOCOA	0.31	-8.82	0.00	-8.82	0.00	10.71	-20.51
COURTVILLE	0.46	-8.00	-8.00	-8.00	-8.00	0.00	21.05
ABCTRANS	0.25	-7.41	0.00	-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

Name	LClose	Change	%Chg
BRVM Stock Exchange	192.89	-2.34	-1.20
Botswana Stock Exchange	7,591.19	0.00	0.00
Egyptian Exchange	12,137.00	1.21	0.01
Ghana Stock Exchange	2,450.64	1.22	0.05
Johannesburg Stock Exchange	72,822.50	-160.56	-0.22
Lusaka Stock Exchange	7,251.95	33.21	0.46
Casablanca Stock Exchange	10,466.66	111.83	1.08
Malawi Stock Exchange	58,689.13	0.00	0.00
Nairobi Securities Exchange	127.85	-0.24	-0.19
Namibian Stock Exchange	1,699.58	0.51	0.03
Rwanda Stock Exchange	147.48	0.00	0.00
Tunis Stock Exchange	8,136.88	11.38	0.14
Uganda Securities Exchange	1,205.34	0.00	0.00

Nigeria Market Indexes

Symbol	LClose	%Chg	WTD%	MTD%	QTD%	YTD%	MktCap	Trades
ASI	44,050.44	0.55	0.53	0.70	-9.88	2.38	23,991.18B	3,039
NGX30	1,589.64	0.58	0.51	0.59	-8.60	-8.71	21,769.49B	2,089
NGXAFRBVI	886.77	5.03	5.93	5.99	8.99	-15.15	2,300.38B	914
NGXAFRHDYI	3,031.91	2.87	3.25	5.77	6.62	19.63	6,526.63B	1,102
NGXASEM	658.99	0.00	0.00	0.00	0.00	-1.74	1.36B	0
NGXBNK	389.17	4.21	4.46	3.71	5.35	-4.54	1,818.77B	702
NGXCG	1,157.09	1.87	2.12	1.58	-0.48	-9.49	3,918.34B	1,945
NGXCNSMRGDS	546.66	-0.24	0.14	-2.18	-6.12	-6.37	3,067.33B	414
NGXGROWTH	1,659.11	0.00	0.00	0.00	0.00	30.67	9.70B	1
NGXINDUSTR	1,978.05	0.36	-0.29	3.37	11.55	-4.34	6,989.40B	192
NGXINS	154.53	0.78	-0.33	-2.88	-8.73	-21.66	105.36B	130
NGXLOTUSISLM	2,779.13	0.25	0.14	1.08	-8.57	-8.42	18,190.90B	546
NGXMAINBOARD	1,923.97	0.24	0.43	-0.27	-14.43	8.54	13,493.27B	2,195
NGXMERIGRW	2,104.06	1.14	1.82	4.36	-0.64	16.76	6,470.97B	762
NGXMERIVAL	2,134.08	2.21	2.38	0.99	6.68	0.12	543.11B	801
NGXOILGAS	450.44	-0.35	-0.04	-2.41	-11.07	31.22	801.59B	189
NGXPENSION	1,633.62	1.76	1.95	1.80	-0.04	0.67	4,940.12B	2,129
NGXPREMIUM	4,273.70	0.95	0.66	2.04	-3.22	2.54	10,480.84B	843
NGXSOVBND	824.63	0.00	0.00	-1.36	-1.58	-4.22	923.68B	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"