InfoWARE Analyst Daily Market Report (25-Jan-2023 15:04:23.464)

InfoWARE Analyst Daily Market Report (25-Jan-2023 15:04:23.464)
(Source: InfoWARE Terminal, Date: 25-Jan-2023)

Dear Investor,

InfoWARE Analyst Daily Market Report - 25-Jan-2023 15:04:23.462

The Nigerian equities market recorded another down day, as the NGX All-Share Index (NGXASI) closed the day down by -0.02%, to bring the Year-to-Date returns up 1.95%. The All Share Index closed at 52,599.65 against the previous close of 52,612.55, volume traded decreased by -34.30% from 182.40M to 119.84M, while market turnover (the total value of shares traded) decreased by -44.22% from NGN4.82B to NGN2.69B in 3,552.00 deals.
Market breadth (1.22x) signified Thirty-three (33) advancers, as against Twenty-seven (27) decliners. Volume was up for 63 companies and down for 85

CHELLARAMS PLC. (CHELLARAM) topped the advancers list closing at N1.65 with a gain of 10.00% followed by R T BRISCOE PLC. (RTBRISCOE) which closed at N0.33 with a gain of 10.00%.

On the flip side THOMAS WYATT NIG. PLC. (THOMASWY) and CORNERSTONE INSURANCE COMPANY PLC. (CORNERST) topped the decliners log with a loss of -9.66% at a close of N1.31, and -6.90% to close the day at N0.54 respectively.

Top Gainers

Symbol	LClose	%Chg
CHELLARAM	1.65	10.00
RTBRISCOE	0.33	10.00
TRIPPLEG	0.88	10.00
OKOMUOIL	181.10	9.76
CAVERTON	1.03	8.42

Top Losers

Symbol	LClose	%Chg
THOMASWY	1.31	-9.66
CORNERST	0.54	-6.90
GEREGU	134.00	-5.90
HONYFLOUR	2.21	-5.15
CWG	0.90	-4.26

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 1.01%(-4.57) sharply against the Dollar to settle at 458.66 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
CHELLARAM	1.65	9.09	1.59	31.60	0.11	1.99	1.19B	239.10K	2.00	370.21K	25-Jan-2023 14:32:35.660
CAVERTON	1.03	7.77	0.99	0.60	1.57	10.53	3.45B	711.69K	14.00	724.05K	25-Jan-2023 14:30:56.580
JAPAULGOLD	0.30	6.67	0.29	0.02	12.01	7.14	1.88B	1.18M	12.00	352.21K	25-Jan-2023 14:31:06.103
INTBREW	4.90	5.10	4.78	0.00	0.00	5.38	131.62B	550.69K	28.00	2.69M	25-Jan-2023 14:31:05.363
NGXGROWTH	1,901.24	2.77	1,859.45	18.83	0.18	0.00	0.00	1.49M	12.00	1.97M	25-Jan-2023 14:31:55.260
STANBIC	32.50	1.54	32.23	3.89	8.23	4.69	421.10B	1.67M	64.00	53.77M	25-Jan-2023 14:31:16.600
GTCO	24.35	1.23	24.14	3.39	7.10	1.25	716.65B	6.71M	219.00	162.00M	25-Jan-2023 14:31:03.390

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
ACCESSCORP	9.00	-0.56	9.04	3.22	2.81	2.21	319.91B	1.61M	114.00	14.54M	25-Jan-2023 14:32:31.847
OANDO	3.95	-0.76	3.97	1.57	2.53	17.59	49.10B	751.12K	38.00	2.96M	25-Jan-2023 14:31:12.997
REDSTAREX	2.30	-2.61	2.31	3.17	0.74	3.18	2.20B	181.30K	5.00	417.13K	25-Jan-2023 14:31:14.617
CORNERST	0.54	-7.41	0.57	1.65	0.35	8.62	9.81B	2.96M	13.00	1.68M	25-Jan-2023 14:30:57.747
THOMASWY	1.31	-10.69	1.32	0.00	0.00	1.38	288.20M	290.51K	11.00	383.01K	25-Jan-2023 14:31:17.510

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
MBENEFIT	MUTUAL BENEFITS ASSURANCE PLC.	11.26M	2.25M	399.58	0.35	0.33	6.06	29	3.87M
GEREGU	GEREGU Power PLC	8.54M	3.09M	176.33	134.00	142.40	-5.90	39	1.14B
NASCON	NATIONAL SALT CO. NIG. PLC	3.17M	248.57K	1,174.36	10.60	10.60	0.00	45	33.63M
CADBURY	CADBURY NIGERIA PLC.	3.12M	250.50K	1,144.04	11.85	12.10	-2.07	152	38.13M
CORNERST	CORNERSTONE INSURANCE COMPANY PLC.	2.96M	552.71K	434.85	0.54	0.58	-6.90	13	1.68M

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
PRESCO	1.33	56.86	2.65	0.80	9.67	1.95	0.20
WAPCO	4.06	8.60	2.87	0.78	2.71	1.95	0.22
OKOMUOIL	1.21	29.31	5.63	0.71	9.76	1.95	0.29
NB	0.96	26.13	1.60	0.66	2.07	1.95	0.34
WEMABANK	6.09	99.38	0.04	0.55	2.56	1.95	0.45
UPDC	53.19	0.00	0.00	0.51	3.26	1.95	0.49
ARDOVA	0.99	4.81	3.97	0.47	3.80	1.95	0.53
GTCO	1.25	3.39	7.10	0.44	4.73	1.95	0.56
TRANSCORP	1.63	0.00	0.00	0.42	7.96	1.95	0.58
RTBRISCOE	33.33	0.00	0.00	0.41	17.86	1.95	0.59

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
UNILEVER	13.05	17.57	6.97	17.57	12.50	12.50	12.50
MBENEFIT	0.35	16.67	6.06	16.67	25.00	25.00	25.00
CHELLARAM	1.65	13.01	10.00	13.01	-18.32	-18.32	-18.32
TRIPPLEG	0.88	10.00	10.00	10.00	11.39	11.39	11.39
RTBRISCOE	0.33	10.00	10.00	10.00	17.86	17.86	17.86
CILEASING	3.46	9.84	0.00	9.84	8.13	8.13	8.13
OKOMUOIL	181.10	9.76	9.76	9.76	9.76	9.76	9.76
ABCTRANS	0.34	9.68	0.00	9.68	36.00	36.00	36.00
INTENEGINS	0.53	8.16	0.00	8.16	39.47	39.47	39.47
JAPAULGOLD	0.30	7.14	7.14	7.14	11.11	11.11	11.11

Top ASI Losers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
NB	41.85	-9.90	0.00	-9.90	2.07	2.07	2.07
GEREGU	134.00	-9.70	-5.90	-9.70	-10.07	-10.07	-10.07
THOMASWY	1.31	-9.66	-9.66	-9.66	35.05	35.05	35.05
WAPIC	0.41	-8.89	-2.38	-8.89	-2.38	-2.38	-2.38
NGXGROUP	24.70	-8.52	-2.76	-8.52	-0.60	-0.60	-0.60
IMG	7.00	-5.41	0.00	-5.41	-5.41	-5.41	-5.41
HONYFLOUR	2.21	-5.15	-5.15	-5.15	0.45	0.45	0.45
AIICO	0.64	-4.48	-1.54	-4.48	0.00	0.00	0.00
JAIZBANK	0.86	-4.44	0.00	-4.44	-4.44	-4.44	-4.44
CWG	0.90	-4.26	-4.26	-4.26	-2.17	-2.17	-2.17

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	197.04	-0.34	-0.17
Botswana Stock Exchange	7,745.15	0.77	0.01
Egyptian Exchange	15,837.91	276.98	1.78
Ghana Stock Exchange	2,438.74	0.00	0.00
Johannesburg Stock Exchange	79,167.81	-166.60	-0.21
Lusaka Stock Exchange	7,225.70	-7.23	-0.10
Casablanca Stock Exchange	10,382.73	57.82	0.56
Nairobi Securities Exchange	121.96	-1.29	-1.05
Namibian Stock Exchange	1,760.22	8.23	0.47
Rwanda Stock Exchange	142.77	0.03	0.02
Tunis Stock Exchange	8,302.20	14.92	0.18

Nigeria Market Indexes

Symbol	LClose	%Chg	WTD%	MTD%	QTD%	YTD%	MktCap	Trades
ASI	52,599.65	-0.02	-0.11	1.95	1.95	1.95	28,649.61B	3,552
NGX30	1,901.17	0.09	0.08	2.53	2.53	2.53	27,055.72B	2,216
NGXAFRBVI	1,030.22	0.09	0.37	1.76	1.76	1.76	2,519.43B	758
NGXAFRHDYI	3,460.26	0.14	0.24	3.41	3.41	3.41	6,774.37B	870
NGXASEM	659.42	0.00	0.00	0.00	0.00	0.00	1.36B	0
NGXBNK	439.24	-0.34	-0.02	2.54	2.54	2.54	2,052.76B	732
NGXCG	1,331.78	-0.01	-0.28	3.24	3.24	3.24	4,169.62B	2,190
NGXCNSMRGDS	623.82	0.34	-0.88	2.25	2.25	2.25	3,500.28B	850
NGXGROWTH	1,901.24	2.85	3.13	7.35	7.35	7.35	11.12B	12
NGXINDUSTR	2,451.98	0.00	0.36	2.03	2.03	2.03	8,462.04B	215
NGXINS	178.17	-0.69	-0.82	-0.36	-0.36	-0.36	123.16B	168
NGXLOTUSISLM	3,362.55	1.06	1.07	2.64	2.64	2.64	3,826.70B	464
NGXMAINBOARD	2,365.39	0.13	-0.26	0.72	0.72	0.72	16,591.37B	2,655
NGXMERIGRW	2,422.31	1.27	-1.57	4.34	4.34	4.34	1,629.38B	706
NGXMERIVAL	2,448.79	-0.41	0.09	4.23	4.23	4.23	1,116.65B	1,021
NGXOILGAS	479.32	0.00	0.00	3.66	3.66	3.66	796.73B	79
NGXPENSION	1,859.00	0.13	-0.10	2.68	2.68	2.68	7,672.58B	2,592
NGXPREMIUM	4,909.36	-0.24	0.09	3.69	3.69	3.69	12,039.75B	885
NGXSOVBND	798.73	0.00	-2.30	-2.39	-2.39	-2.39	893.47B	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"