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InfoWARE Analyst Daily Market Report (31-Jan-2023 15:04:36.727)
(Source: InfoWARE Terminal, Date: 31-Jan-2023)
Dear Investor,
InfoWARE Analyst Daily Market Report - 31-Jan-2023 15:04:36.726

The Nigerian equities market recorded another up day, as the NGX All-Share Index (NGXASI) closed the day up by 0.15%, to bring the Year-to-Date returns up 3.18%. The All Share Index closed at 53,238.67 against the previous close of 53,157.83, volume traded increased by 24.25% from 201.36M to 250.19M, while market turnover (the total value of shares traded) increased by 3.86% from NGN5.67B to NGN5.88B in 4,328.00 deals.
Market breadth (1.56x) signified Forty-two (42) advancers, as against Twenty-seven (27) decliners. Volume was up for 85 companies and down for 63


NEWGOLD EXCHANGE TRADED FUND (ETF) (NEWGOLD) topped the advancers list closing at N12,289.87 with a gain of 10.22% followed by GEREGU Power PLC (GEREGU) which closed at N193.60 with a gain of 10.00%.

On the flip side CHAMS PLC (CHAMS) and NCR (NIGERIA) PLC. (NCR) topped the decliners log with a loss of -10.00% at a close of N0.27, and -10.00% to close the day at N3.24 respectively.

Top Gainers
SymbolLClose%Chg
NEWGOLD12,289.8710.22
GEREGU193.6010.00
LIVINGTRUST1.9810.00
VERITASKAP0.2210.00
STANBICETF30147.0110.00
Top Losers
SymbolLClose%Chg
CHAMS0.27-10.00
NCR3.24-10.00
UNITYBNK0.50-9.09
ROYALEX0.71-8.97
JAPAULGOLD0.33-8.33

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 0.09%(-0.42) against the Dollar to settle at 459.65 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
NEWGOLD12,289.879.2711,701.780.000.000.000.003.001.0036.87K31-Jan-2023 14:32:33.383
WAPIC0.458.890.4425.420.027.3210.80B1.04M21.00459.28K31-Jan-2023 14:31:36.023
LASACO1.038.740.988.200.1110.641.89B1.49M21.001.53M31-Jan-2023 14:31:16.197
CWG0.978.250.960.000.002.252.45B177.57K9.00169.71K31-Jan-2023 14:31:08.453
SOVRENINS0.287.140.279.080.0311.543.18B1.79M5.00502.58K31-Jan-2023 14:31:27.133
MANSARD2.035.912.008.040.243.1418.27B295.95K17.00599.17K31-Jan-2023 14:31:17.213
FGSUK2031S499.554.5797.300.000.0012.84K2.0012.78M31-Jan-2023 14:32:03.643
TRANSCORP1.232.441.210.000.001.6750.00B8.49M64.0010.40M31-Jan-2023 14:32:31.977
ACCESSCORP9.100.559.093.222.812.21323.46B11.57M162.00104.88M31-Jan-2023 14:32:34.140


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
VETINDETF24.430.0024.440.000.000.000.000.0031-Jan-2023 14:32:33.997
FLOURMILL30.00-3.0030.4731.670.986.96123.01B1.59M60.0047.61M31-Jan-2023 14:31:11.603
FGSUK2027S386.50-5.2089.670.000.00400.002.00346.36K31-Jan-2023 14:32:03.557
COURTVILLE0.47-6.380.4916.840.038.001.67B3.21M15.001.52M31-Jan-2023 14:31:07.130
CHAMS0.27-11.110.284.220.0710.001.27B3.72M17.001.02M31-Jan-2023 14:32:31.473


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
UNIVINSUREUNIVERSAL INSURANCE COMPANY PLC48.55M198.20K24,396.740.200.200.00249.71M
UNITYBNKUNITY BANK PLC10.88M1.16M839.170.500.55-9.09335.48M
MBENEFITMUTUAL BENEFITS ASSURANCE PLC.10.16M1.83M455.100.390.375.41323.83M
JAIZBANKJAIZ BANK PLC8.44M3.74M125.440.880.90-2.22517.61M
ROYALEXROYAL EXCHANGE PLC.8.07M1.95M314.700.710.78-8.97415.90M


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
GEREGU193.6021.0010.0010.0029.9329.9329.93
JOHNHOLT1.3320.919.929.9266.2566.2566.25
INTENEGINS0.7519.058.708.7097.3797.3797.37
LIVINGTRUST1.9810.0010.0010.0023.7523.7523.75
VERITASKAP0.2210.0010.0010.0010.0010.0010.00
SCOA1.019.789.789.789.789.789.78
NNFM7.409.639.639.6320.3320.3320.33
MAYBAKER4.858.260.000.0012.7912.7912.79
CWG0.977.788.998.995.435.435.43
SOVRENINS0.287.697.697.690.000.000.00
Top ASI Losers Over Last 5 Trading Days
SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
ROYALEX0.71-15.48-8.97-8.97-31.73-31.73-31.73
HONYFLOUR2.08-10.73-4.59-4.59-5.45-5.45-5.45
CHAMS0.27-10.00-10.00-10.0012.5012.5012.50
NCR3.24-10.00-10.00-10.00-10.00-10.00-10.00
UNITYBNK0.50-9.09-9.09-9.09-15.25-15.25-15.25
TRIPPLEG0.96-8.570.000.0021.5221.5221.52
LIVESTOCK1.02-5.56-5.56-5.56-6.42-6.42-6.42
UPDC0.96-4.951.051.054.354.354.35
FTNCOCOA0.29-3.330.000.00-3.33-3.33-3.33
TRANSCOHOT6.05-3.20-3.20-3.20-3.20-3.20-3.20

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
ASI53,238.670.150.153.183.183.1828,997.67B4,328
NGX301,912.480.020.023.143.143.1427,216.62B2,688
NGXAFRBVI1,050.99-0.09-0.093.813.813.812,570.24B923
NGXAFRHDYI3,514.96-0.08-0.085.055.055.056,881.44B1,094
NGXASEM659.420.000.000.000.000.001.36B0
NGXBNK448.85-0.03-0.034.794.794.792,097.67B972
NGXCG1,340.19-0.11-0.113.893.893.894,195.94B2,678
NGXCNSMRGDS622.15-0.17-0.171.971.971.973,490.87B639
NGXGROWTH2,076.107.947.9417.2217.2217.2212.14B21
NGXINDUSTR2,454.720.030.032.142.142.148,471.49B302
NGXINS183.712.982.982.742.742.74126.99B190
NGXLOTUSISLM3,381.080.040.043.213.213.213,847.78B735
NGXMAINBOARD2,422.210.250.253.143.143.1416,989.90B3,163
NGXMERIGRW2,420.49-0.10-0.104.264.264.261,628.16B868
NGXMERIVAL2,499.380.000.006.396.396.391,139.72B1,375
NGXOILGAS487.510.000.005.435.435.43810.33B146
NGXPENSION1,878.69-0.06-0.063.773.773.777,753.88B2,961
NGXPREMIUM4,888.360.000.003.243.243.2411,988.25B1,144
NGXSOVBND798.730.000.00-2.39-2.39-2.39893.47B0

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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