InfoWARE Analyst Daily Market Report (01-Feb-2023 15:04:43.435)

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

Symbol	LClose	%Chg
IMG	7.70	10.00
SEPLAT	1,210.00	10.00
STANBICETF30	161.00	9.52
LOTUSHAL15	20.90	9.48
NNFM	8.10	9.46

Top Losers

Symbol	LClose	%Chg
GUINNESS	63.00	-10.00
ARDOVA	17.20	-9.95
ACADEMY	1.19	-9.85
RTBRISCOE	0.28	-9.68
CORNERST	0.55	-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"

Symbol	Price	%Chg	15DMA	PE	EPS	DivY	MktCap	Vol	Trades	Value	LstTradeTime
IMG	7.70	9.09	7.26	11.02	0.64	7.14	3.85B	240.46K	25.00	1.85M	01-Feb-2023 14:31:04.340
STANBICETF30	161.00	8.69	151.36			0.00	0.00	247.00	7.00	36.51K	01-Feb-2023 14:32:42.007
VETBANK	4.49	2.23	4.43			0.00	0.00	544.10K	2.00	2.18M	01-Feb-2023 14:32:42.160
NESTLE	1,100.00	1.81	1,085.39	26.15	41.31	2.31	871.92B	507.10K	76.00	557.86M	01-Feb-2023 14:31:09.717
NGXPREMIUM	4,920.50	0.65	4,909.56	2,048.74	238.70	0.00	0.00	26.89M	910.00	1.01B	01-Feb-2023 14:31:58.237
VETINDETF	24.55	0.49	24.49			0.00	0.00	59.01K	2.00	1.32M	01-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,

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
VETGOODS	6.22	-1.61	6.31			0.00	0.00	100.01K	2.00	580.06K	01-Feb-2023 14:32:42.347
DANGSUGAR	17.00	-2.06	17.16	5.67	3.06	5.76	206.50B	327.97K	49.00	5.61M	01-Feb-2023 14:30:58.430
MANSARD	1.96	-3.57	1.99	8.55	0.24	2.96	17.64B	1.15M	21.00	2.27M	01-Feb-2023 14:31:06.640
ETERNA	7.18	-4.46	7.26	10.02	0.75	1.33	9.36B	240.35K	15.00	1.73M	01-Feb-2023 14:30:59.707
CAVERTON	0.98	-5.10	1.00	0.66	1.57	9.71	3.28B	1.96M	26.00	1.87M	01-Feb-2023 14:30:56.283
CWG	0.90	-7.78	0.95	0.00	0.00	2.06	2.27B	500.00K	5.00	450.10K	01-Feb-2023 14:30:58.110
CORNERST	0.55	-9.09	0.56	1.71	0.35	8.33	9.99B	340.00K	8.00	193.10K	01-Feb-2023 14:30:57.473
RTBRISCOE	0.28	-10.71	0.30	0.00	0.00	32.26	329.38M	1.63M	8.00	457.56K	01-Feb-2023 14:32:39.550
ARDOVA	17.20	-11.05	18.97	4.81	3.97	0.99	22.40B	1.61M	67.00	27.73M	01-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

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
UNIVINSURE	UNIVERSAL INSURANCE COMPANY PLC	57.79M	981.32K	5,788.55	0.20	0.20	0.00	23	11.56M
GEREGU	GEREGU Power PLC	8.48M	3.25M	160.93	210.00	193.60	8.47	78	1.64B
COURTVILLE	COURTEVILLE BUSINESS SOLUTIONS PLC	3.49M	1.05M	233.36	0.48	0.47	2.13	12	1.68M
AFRIPRUD	AFRICA PRUDENTIAL REGISTRARS PLC	2.31M	537.88K	330.27	6.05	6.00	0.83	57	14.04M
CAVERTON	CAVERTON OFFSHORE SUPPORT GRP PLC	1.96M	323.74K	506.92	0.98	1.03	-4.85	26	1.87M

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.

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
WAPCO	3.98	8.76	2.87	0.78	4.17	3.69	0.22
OKOMUOIL	1.10	32.17	5.63	0.73	9.76	3.69	0.27
PRESCO	1.33	56.86	2.65	0.70	9.67	3.69	0.30
NEIMETH	4.49	94.59	0.02	0.44	9.09	3.69	0.56
TRANSCORP	1.63	0.00	0.00	0.43	8.85	3.69	0.57
NGXGROUP	0.00	0.00	0.00	0.41	12.68	3.69	0.59
GTCO	1.20	3.51	7.10	0.40	7.74	3.69	0.60
FLOURMILL	7.17	30.75	0.98	0.40	5.63	3.69	0.60
JAPAULGOLD	6.06	0.03	12.01	0.38	22.22	3.69	0.62
SOVRENINS	10.71	9.78	0.03	0.36	7.14	3.69	0.64

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

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	%ChgQTD	%ChgYTD
NNFM	8.10	20.00	9.46	20.00	31.71	31.71
GEREGU	210.00	19.32	8.47	19.32	40.94	40.94
INTENEGINS	0.82	18.84	9.33	18.84	115.79	115.79
SOVRENINS	0.30	15.38	7.14	15.38	7.14	7.14
IMG	7.70	10.00	10.00	10.00	4.05	4.05
LIVINGTRUST	1.98	10.00	0.00	10.00	23.75	23.75
SEPLAT	1,210.00	10.00	10.00	10.00	10.00	10.00
JOHNHOLT	1.33	9.92	0.00	9.92	66.25	66.25
SCOA	1.01	9.78	0.00	9.78	9.78	9.78
ABCTRANS	0.37	8.82	8.82	8.82	48.00	48.00

Top ASI Losers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgQTD	%ChgYTD
CHAMS	0.25	-16.67	-7.41	-16.67	4.17	4.17
NCR	3.24	-10.00	0.00	-10.00	-10.00	-10.00
GUINNESS	63.00	-10.00	-10.00	-10.00	-9.09	-9.09
ARDOVA	17.20	-9.95	-9.95	-9.95	-6.52	-6.52
ACADEMY	1.19	-9.85	-9.85	-9.85	-7.75	-7.75
RTBRISCOE	0.28	-9.68	-9.68	-9.68	0.00	0.00
UNITYBNK	0.50	-9.09	0.00	-9.09	-15.25	-15.25
ROYALEX	0.71	-8.97	0.00	-8.97	-31.73	-31.73
JAPAULGOLD	0.33	-8.33	0.00	-8.33	22.22	22.22
CORNERST	0.55	-6.78	-8.33	-6.78	-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

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%	QTD%	YTD%	MktCap	Trades
ASI	53,499.68	0.49	0.64	3.69	3.69	29,139.83B	3,716
NGX30	1,919.68	0.38	0.40	3.53	3.53	27,319.13B	2,219
NGXAFRBVI	1,060.73	0.93	0.84	4.77	4.77	2,594.05B	716
NGXAFRHDYI	3,525.69	0.31	0.23	5.37	5.37	6,902.46B	879
NGXASEM	659.42	0.00	0.00	0.00	0.00	1.36B	0
NGXBNK	454.32	1.22	1.19	6.07	6.07	2,123.22B	706
NGXCG	1,355.20	1.12	1.01	5.06	5.06	4,242.92B	2,303
NGXCNSMRGDS	621.49	-0.11	-0.27	1.87	1.87	3,487.19B	612
NGXGROWTH	2,082.25	0.30	8.25	17.57	17.57	12.18B	5
NGXINDUSTR	2,454.21	-0.02	0.01	2.12	2.12	8,469.75B	197
NGXINS	181.24	-1.34	1.60	1.36	1.36	125.28B	202
NGXLOTUSISLM	3,388.77	0.23	0.27	3.44	3.44	3,856.54B	641
NGXMAINBOARD	2,431.23	0.37	0.63	3.52	3.52	17,053.21B	2,801
NGXMERIGRW	2,402.21	-0.76	-0.86	3.47	3.47	1,615.86B	648
NGXMERIVAL	2,533.11	1.35	1.35	7.82	7.82	1,155.11B	1,015
NGXOILGAS	505.13	3.61	3.61	9.25	9.25	839.62B	165
NGXPENSION	1,898.73	1.07	1.01	4.88	4.88	7,836.55B	2,537
NGXPREMIUM	4,920.50	0.66	0.66	3.92	3.92	12,067.07B	910
NGXSOVBND	798.73	0.00	0.00	-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"