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InfoWARE Analyst Daily Market Report (24-Jan-2023 15:04:12.475)
(Source: InfoWARE Terminal, Date: 24-Jan-2023)
Dear Investor,
InfoWARE Analyst Daily Market Report - 24-Jan-2023 15:04:12.474

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 1.97%. The All Share Index closed at 52,612.55 against the previous close of 52,657.69, volume traded increased by 26.90% from 143.74M to 182.40M, while market turnover (the total value of shares traded) increased by 171.53% from NGN1.78B to NGN4.82B in 3,470.00 deals.
Market breadth (1.11x) signified Thirty-one (31) advancers, as against Twenty-eight (28) decliners. Volume was up for 83 companies and down for 65


MUTUAL BENEFITS ASSURANCE PLC. (MBENEFIT) topped the advancers list closing at N0.33 with a gain of 10.00% followed by UNILEVER NIGERIA PLC. (UNILEVER) which closed at N12.20 with a gain of 9.91%.

On the flip side NIGERIAN BREW. PLC. (NB) and CAVERTON OFFSHORE SUPPORT GRP PLC (CAVERTON) topped the decliners log with a loss of -9.90% at a close of N41.85, and -9.52% to close the day at N0.95 respectively.

Top Gainers
SymbolLClose%Chg
MBENEFIT0.3310.00
UNILEVER12.209.91
CILEASING3.469.84
ABCTRANS0.349.68
INTENEGINS0.538.16
Top Losers
SymbolLClose%Chg
NB41.85-9.90
CAVERTON0.95-9.52
CHAMPION4.60-8.00
WAPIC0.42-6.67
NGXGROUP25.40-5.93

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 0.21%(0.98) against the Dollar to settle at 454.08 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
UNILEVER12.209.0211.5127.940.404.5070.09B2.13M33.0025.97M24-Jan-2023 14:31:42.187
CILEASING3.468.963.294.940.641.592.70B105.00K3.00360.50K24-Jan-2023 14:31:20.870
CORNERST0.586.900.571.540.359.2610.54B142.39K6.0082.30K24-Jan-2023 14:31:21.287
COURTVILLE0.515.880.4916.170.038.331.81B206.34K4.00100.24K24-Jan-2023 14:31:21.510
OANDO3.981.513.961.552.5317.8649.48B1.98M73.007.73M24-Jan-2023 14:31:35.820
ACCESSCORP9.051.109.023.182.812.23321.68B17.30M179.00155.78M24-Jan-2023 14:32:46.383
DANGCEM266.900.71266.19421.360.637.554,548.11B291.10K89.0077.84M24-Jan-2023 14:32:43.637


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
ZENITHBANK24.50-0.4124.571.8513.301.22769.21B10.89M228.00267.12M24-Jan-2023 14:32:46.540
GTCO24.05-0.4224.083.407.101.24707.82B12.49M200.00303.41M24-Jan-2023 14:32:39.747
UCAP14.50-1.0314.6115.670.9310.2487.00B2.68M101.0038.95M24-Jan-2023 14:31:41.860
NGXCNSMRGDS621.73-1.23629.0530.1955.240.000.007.33M530.00197.95M24-Jan-2023 14:32:12.620
NGXMERIGRW2,391.83-2.892,424.3034.89293.990.000.0034.09M665.00257.01M24-Jan-2023 14:32:13.093
MAYBAKER4.28-3.974.4132.790.146.747.38B205.50K6.00879.78K24-Jan-2023 14:31:30.700
GEREGU142.40-4.21145.810.000.000.00356.00B23.84M56.003.20B24-Jan-2023 14:31:25.757
JAIZBANK0.86-4.650.8831.140.034.4429.71B629.31K21.00547.29K24-Jan-2023 14:31:28.757
NGXGROUP25.40-6.3025.790.000.000.0049.89B200.02K8.005.09M24-Jan-2023 14:31:34.793
WAPIC0.42-7.140.4427.910.026.6710.08B2.45M16.001.03M24-Jan-2023 14:31:43.580
CHAMPION4.60-8.704.83534.760.010.3236.02B1.39M36.006.31M24-Jan-2023 14:32:39.577
CAVERTON0.95-10.530.990.671.579.523.18B1.80M16.001.72M24-Jan-2023 14:31:19.807


Economic Indicators - Nigeria FX Reserves Vs ASI Chart

Nigeria FX Reserves are assets held on reserve by CBN in foreign currencies. These reserves are used to back liabilities and influence monetary policy. Given the nature of the Nigeria economy, FX Reserves can appear to have an outsize influence on the economy and hence on the capital market. The chart below allows comparison of FX Reserves against the ASI to make investment decisions

Economic Indicators - Nigeria FX Reserves Vs ASI Chart

For more detailed analysis,



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
GEREGUGEREGU Power PLC23.84M2.70M781.42142.40148.40-4.04563.20B
CHAMSCHAMS PLC15.27M2.87M431.410.280.280.00574.28M
MANSARDMANSARD INSURANCE PLC8.15M1.02M702.902.002.000.004116.31M
CUTIXCUTIX PLC.2.77M611.52K352.702.222.096.22385.86M
WAPICWAPIC INSURANCE PLC2.45M845.52K190.340.420.45-6.67161.03M


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
ABCTRANS0.3417.249.689.6836.0036.0036.00
JOHNHOLT1.1014.584.764.7637.5037.5037.50
MBENEFIT0.3310.0010.0010.0017.8617.8617.86
CILEASING3.469.849.849.848.138.138.13
NSLTECH0.249.090.000.009.099.099.09
INTENEGINS0.538.168.168.1639.4739.4739.47
CHAMS0.287.690.000.0016.6716.6716.67
UNILEVER12.207.029.919.915.175.175.17
MULTIVERSE4.246.532.172.176.536.536.53
LINKASSURE0.506.380.000.0025.0025.0025.00
Top ASI Losers Over Last 5 Trading Days
SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
NB41.85-9.90-9.90-9.902.072.072.07
CWG0.94-9.620.000.002.172.172.17
CAVERTON0.95-9.52-9.52-9.52-5.94-5.94-5.94
CHAMPION4.60-8.00-8.00-8.00-16.36-16.36-16.36
JAPAULGOLD0.28-6.670.000.003.703.703.70
WAPIC0.42-6.67-6.67-6.670.000.000.00
NGXGROUP25.40-5.93-5.93-5.932.212.212.21
IMG7.00-5.41-5.41-5.41-5.41-5.41-5.41
UNITYBNK0.55-5.170.000.00-6.78-6.78-6.78
MAYBAKER4.28-3.82-3.82-3.82-0.47-0.47-0.47

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 Exchange197.04-0.34-0.17
Botswana Stock Exchange7,745.150.770.01
Egyptian Exchange15,837.91276.981.78
Ghana Stock Exchange2,438.740.000.00
Johannesburg Stock Exchange79,167.81-166.60-0.21
Lusaka Stock Exchange7,225.70-7.23-0.10
Casablanca Stock Exchange10,382.7357.820.56
Nairobi Securities Exchange121.96-1.29-1.05
Namibian Stock Exchange1,760.228.230.47
Rwanda Stock Exchange142.770.030.02
Tunis Stock Exchange8,302.2014.920.18
Nigeria Market Indexes
SymbolLClose%ChgWTD%MTD%QTD%YTD%MktCapTrades
ASI52,612.55-0.09-0.091.971.971.9728,656.64B3,470
NGX301,899.42-0.01-0.012.442.442.4427,030.83B2,324
NGXAFRBVI1,029.330.280.281.671.671.672,517.27B874
NGXAFRHDYI3,455.320.100.103.263.263.266,764.69B999
NGXASEM659.420.000.000.000.000.001.36B0
NGXBNK440.730.320.322.892.892.892,059.74B858
NGXCG1,331.96-0.27-0.273.263.263.264,170.17B2,331
NGXCNSMRGDS621.73-1.21-1.211.901.901.903,488.54B530
NGXGROWTH1,848.510.270.274.374.374.3710.81B5
NGXINDUSTR2,451.970.360.362.032.032.038,462.00B286
NGXINS179.41-0.13-0.130.340.340.34124.02B151
NGXLOTUSISLM3,327.270.010.011.571.571.573,786.55B601
NGXMAINBOARD2,362.31-0.39-0.390.590.590.5916,569.73B2,284
NGXMERIGRW2,391.83-2.81-2.813.023.023.021,608.88B665
NGXMERIVAL2,458.850.500.504.664.664.661,121.24B1,120
NGXOILGAS479.320.000.003.663.663.66796.73B114
NGXPENSION1,856.61-0.22-0.222.552.552.557,662.74B2,569
NGXPREMIUM4,921.180.330.333.943.943.9412,068.72B1,181
NGXSOVBND798.73-2.30-2.30-2.39-2.39-2.39893.47B1

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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