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InfoWARE Analyst Daily Market Report (01-Feb-2023 15:04:43.435)
(Source: InfoWARE Terminal, Date: 01-Feb-2023)
Dear Investor,
InfoWARE Analyst Daily Market Report - 01-Feb-2023 15:04:43.433

The Nigerian equities market recorded another up day, as the NGX All-Share Index (NGXASI) closed the day up by 0.49%, to bring the Year-to-Date returns up 3.69%. The All Share Index closed at 53,499.68 against the previous close of 53,238.67, volume traded decreased by -19.91% from 250.19M to 200.37M, while market turnover (the total value of shares traded) decreased by -6.13% from NGN5.88B to NGN5.52B in 3,716.00 deals.
Market breadth (1.54x) signified Forty (40) advancers, as against Twenty-six (26) decliners. Volume was up for 60 companies and down for 94


INDUSTRIAL & MEDICAL GASES NIGERIA PLC (IMG) topped the advancers list closing at N7.70 with a gain of 10.00% followed by SEPLAT PETROLEUM DEVELOPMENT COMPANY LTD (SEPLAT) which closed at N1,210.00 with a gain of 10.00%.

On the flip side GUINNESS NIG PLC (GUINNESS) and ARDOVA PLC (ARDOVA) topped the decliners log with a loss of -10.00% at a close of N63.00, and -9.95% to close the day at N17.20 respectively.

Top Gainers
SymbolLClose%Chg
IMG7.7010.00
SEPLAT1,210.0010.00
STANBICETF30161.009.52
LOTUSHAL1520.909.48
NNFM8.109.46
Top Losers
SymbolLClose%Chg
GUINNESS63.00-10.00
ARDOVA17.20-9.95
ACADEMY1.19-9.85
RTBRISCOE0.28-9.68
CORNERST0.55-8.33

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 0.19%(-0.90) against the Dollar to settle at 460.54 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
IMG7.709.097.2611.020.647.143.85B240.46K25.001.85M01-Feb-2023 14:31:04.340
STANBICETF30161.008.69151.360.000.00247.007.0036.51K01-Feb-2023 14:32:42.007
VETBANK4.492.234.430.000.00544.10K2.002.18M01-Feb-2023 14:32:42.160
NESTLE1,100.001.811,085.3926.1541.312.31871.92B507.10K76.00557.86M01-Feb-2023 14:31:09.717
NGXPREMIUM4,920.500.654,909.562,048.74238.700.000.0026.89M910.001.01B01-Feb-2023 14:31:58.237
VETINDETF24.550.4924.490.000.0059.01K2.001.32M01-Feb-2023 14:32:42.680


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
VETGOODS6.22-1.616.310.000.00100.01K2.00580.06K01-Feb-2023 14:32:42.347
DANGSUGAR17.00-2.0617.165.673.065.76206.50B327.97K49.005.61M01-Feb-2023 14:30:58.430
MANSARD1.96-3.571.998.550.242.9617.64B1.15M21.002.27M01-Feb-2023 14:31:06.640
ETERNA7.18-4.467.2610.020.751.339.36B240.35K15.001.73M01-Feb-2023 14:30:59.707
CAVERTON0.98-5.101.000.661.579.713.28B1.96M26.001.87M01-Feb-2023 14:30:56.283
CWG0.90-7.780.950.000.002.062.27B500.00K5.00450.10K01-Feb-2023 14:30:58.110
CORNERST0.55-9.090.561.710.358.339.99B340.00K8.00193.10K01-Feb-2023 14:30:57.473
RTBRISCOE0.28-10.710.300.000.0032.26329.38M1.63M8.00457.56K01-Feb-2023 14:32:39.550
ARDOVA17.20-11.0518.974.813.970.9922.40B1.61M67.0027.73M01-Feb-2023 14:30:54.627


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 PLC57.79M981.32K5,788.550.200.200.002311.56M
GEREGUGEREGU Power PLC8.48M3.25M160.93210.00193.608.47781.64B
COURTVILLECOURTEVILLE BUSINESS SOLUTIONS PLC3.49M1.05M233.360.480.472.13121.68M
AFRIPRUDAFRICA PRUDENTIAL REGISTRARS PLC2.31M537.88K330.276.056.000.835714.04M
CAVERTONCAVERTON OFFSHORE SUPPORT GRP PLC1.96M323.74K506.920.981.03-4.85261.87M


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
WAPCO3.988.762.870.784.173.690.22
OKOMUOIL1.1032.175.630.739.763.690.27
PRESCO1.3356.862.650.709.673.690.30
NEIMETH4.4994.590.020.449.093.690.56
TRANSCORP1.630.000.000.438.853.690.57
NGXGROUP0.000.000.000.4112.683.690.59
GTCO1.203.517.100.407.743.690.60
FLOURMILL7.1730.750.980.405.633.690.60
JAPAULGOLD6.060.0312.010.3822.223.690.62
SOVRENINS10.719.780.030.367.143.690.64


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
NNFM8.1020.009.4620.000.0031.7131.71
GEREGU210.0019.328.4719.320.0040.9440.94
INTENEGINS0.8218.849.3318.840.00115.79115.79
SOVRENINS0.3015.387.1415.380.007.147.14
IMG7.7010.0010.0010.000.004.054.05
LIVINGTRUST1.9810.000.0010.000.0023.7523.75
SEPLAT1,210.0010.0010.0010.000.0010.0010.00
JOHNHOLT1.339.920.009.920.0066.2566.25
SCOA1.019.780.009.780.009.789.78
ABCTRANS0.378.828.828.820.0048.0048.00
Top ASI Losers Over Last 5 Trading Days
SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
CHAMS0.25-16.67-7.41-16.670.004.174.17
NCR3.24-10.000.00-10.000.00-10.00-10.00
GUINNESS63.00-10.00-10.00-10.000.00-9.09-9.09
ARDOVA17.20-9.95-9.95-9.950.00-6.52-6.52
ACADEMY1.19-9.85-9.85-9.850.00-7.75-7.75
RTBRISCOE0.28-9.68-9.68-9.680.000.000.00
UNITYBNK0.50-9.090.00-9.090.00-15.25-15.25
ROYALEX0.71-8.970.00-8.970.00-31.73-31.73
JAPAULGOLD0.33-8.330.00-8.330.0022.2222.22
CORNERST0.55-6.78-8.33-6.780.00-8.33-8.33

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
ASI53,499.680.490.640.003.693.6929,139.83B3,716
NGX301,919.680.380.400.003.533.5327,319.13B2,219
NGXAFRBVI1,060.730.930.840.004.774.772,594.05B716
NGXAFRHDYI3,525.690.310.230.005.375.376,902.46B879
NGXASEM659.420.000.000.000.000.001.36B0
NGXBNK454.321.221.190.006.076.072,123.22B706
NGXCG1,355.201.121.010.005.065.064,242.92B2,303
NGXCNSMRGDS621.49-0.11-0.270.001.871.873,487.19B612
NGXGROWTH2,082.250.308.250.0017.5717.5712.18B5
NGXINDUSTR2,454.21-0.020.010.002.122.128,469.75B197
NGXINS181.24-1.341.600.001.361.36125.28B202
NGXLOTUSISLM3,388.770.230.270.003.443.443,856.54B641
NGXMAINBOARD2,431.230.370.630.003.523.5217,053.21B2,801
NGXMERIGRW2,402.21-0.76-0.860.003.473.471,615.86B648
NGXMERIVAL2,533.111.351.350.007.827.821,155.11B1,015
NGXOILGAS505.133.613.610.009.259.25839.62B165
NGXPENSION1,898.731.071.010.004.884.887,836.55B2,537
NGXPREMIUM4,920.500.660.660.003.923.9212,067.07B910
NGXSOVBND798.730.000.000.00-2.39-2.39893.47B0

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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