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InfoWARE Analyst Daily Market Report (02-Feb-2023 15:04:32.414)
(Source: InfoWARE Terminal, Date: 02-Feb-2023)
Dear Investor,
InfoWARE Analyst Daily Market Report - 02-Feb-2023 15:04:32.413

The Nigerian equities market recorded another up day, as the NGX All-Share Index (NGXASI) closed the day up by 0.93%, to bring the Year-to-Date returns up 4.66%. The All Share Index closed at 53,998.12 against the previous close of 53,499.68, volume traded increased by 1,331.88% from 200.37M to 2.87B, while market turnover (the total value of shares traded) increased by 46.08% from NGN5.52B to NGN8.07B in 3,940.00 deals.
Market breadth (2.10x) signified Forty-four (44) advancers, as against Twenty-one (21) decliners. Volume was up for 73 companies and down for 79


LOTUS HALAL EQUITY ETF (LOTUSHAL15) topped the advancers list closing at N22.99 with a gain of 10.00% followed by MRS OIL NIGERIA PLC. (MRS) which closed at N17.60 with a gain of 10.00%.

On the flip side NEWGOLD EXCHANGE TRADED FUND (ETF) (NEWGOLD) and SUNU ASSURANCES NIGERIA PLC. (SUNUASSUR) topped the decliners log with a loss of -17.81% at a close of N10,100.50, and -8.11% to close the day at N0.34 respectively.

Top Gainers
SymbolLClose%Chg
LOTUSHAL1522.9910.00
MRS17.6010.00
STANBICETF30177.1010.00
NNFM8.909.88
INTENEGINS0.909.76
Top Losers
SymbolLClose%Chg
NEWGOLD10,100.50-17.81
SUNUASSUR0.34-8.11
MBENEFIT0.36-7.69
LINKASSURE0.45-6.25
VERITASKAP0.20-4.76

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 0.14%(0.64) against the Dollar to settle at 459.90 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
FG112024S1100.1029.0786.550.0072.07B8.001.008.01K02-Feb-2023 14:31:48.497
CORNERST0.608.330.571.560.359.0910.90B602.49K8.00357.00K02-Feb-2023 14:31:02.893
MTNN233.503.64228.7322,110.850.012.494,752.78B499.63K257.00116.75M02-Feb-2023 14:32:35.373
CHAMPION4.902.044.86513.370.010.3338.36B739.95K32.003.55M02-Feb-2023 14:32:30.470
AFRIPRUD6.100.826.079.990.618.2612.20B2.30M40.0014.11M02-Feb-2023 14:32:30.390
FGSUK2025S2102.810.00101.800.000.000.000.000.0002-Feb-2023 14:31:58.550


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
ACCESSCORP9.05-0.559.073.232.812.20321.68B3.60M117.0032.60M02-Feb-2023 14:32:34.800
CUSTODIAN6.00-1.676.011.853.291.6435.29B3.32M52.0019.93M02-Feb-2023 14:32:30.553
PZ10.25-4.8810.3221.580.509.4040.70B826.72K41.008.47M02-Feb-2023 14:31:22.387
LINKASSURE0.45-6.670.4831.940.0210.426.30B220.39K10.0099.80K02-Feb-2023 14:31:16.360
SUNUASSUR0.34-8.820.360.000.008.111.98B130.43K4.0044.35K02-Feb-2023 14:31:24.637
NEWGOLD10,100.50-21.6811,687.140.000.000.000.001.001.0010.10K02-Feb-2023 14:32:32.687


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 PLC2.72B1.91M141,852.580.210.205.008543.21M
AIICOAIICO INSURANCE PLC.14.00M3.23M333.680.630.630.00709.17M
GEREGUGEREGU Power PLC8.18M3.39M141.64219.00210.004.291101.77B
MBENEFITMUTUAL BENEFITS ASSURANCE PLC.7.04M2.01M250.610.360.39-7.69392.58M
CUSTODIANCUSTODIAN AND ALLIED PLC3.32M636.25K422.046.006.10-1.645219.93M


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
NNFM8.9031.859.8831.859.8844.7244.72
INTENEGINS0.9030.439.7630.439.76136.84136.84
GEREGU219.0024.434.2924.434.2946.9846.98
SEPLAT1,325.0020.459.5020.459.5020.4520.45
SOVRENINS0.3015.380.0015.380.007.147.14
FCMB4.7014.636.8214.636.8233.9033.90
NGXGROUP29.0011.113.5711.113.5716.7016.70
IMG7.7010.000.0010.000.004.054.05
MRS17.6010.0010.0010.0010.0024.8224.82
LIVINGTRUST1.9810.000.0010.000.0023.7523.75
Top ASI Losers Over Last 5 Trading Days
SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
CHAMS0.25-16.670.00-16.670.004.174.17
NCR3.24-10.000.00-10.000.00-10.00-10.00
GUINNESS63.00-10.000.00-10.000.00-9.09-9.09
ACADEMY1.19-9.850.00-9.850.00-7.75-7.75
RTBRISCOE0.28-9.680.00-9.680.000.000.00
UNITYBNK0.50-9.090.00-9.090.00-15.25-15.25
SUNUASSUR0.34-8.11-8.11-8.11-8.1117.2417.24
ARDOVA17.65-7.592.62-7.592.62-4.08-4.08
LINKASSURE0.45-6.25-6.25-6.25-6.2512.5012.50
JAPAULGOLD0.34-5.563.03-5.563.0325.9325.93

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
ASI53,998.120.931.580.934.664.6629,411.33B3,940
NGX301,937.110.911.310.914.474.4727,567.13B2,633
NGXAFRBVI1,054.82-0.560.27-0.564.194.192,579.61B870
NGXAFRHDYI3,517.60-0.230.00-0.235.125.126,886.61B994
NGXASEM659.420.000.000.000.000.001.36B0
NGXBNK452.33-0.440.75-0.445.605.602,113.91B819
NGXCG1,374.171.402.421.406.536.534,302.35B2,463
NGXCNSMRGDS621.500.00-0.270.001.871.873,487.24B648
NGXGROWTH2,082.250.008.250.0017.5717.5712.18B1
NGXINDUSTR2,454.150.000.010.002.122.128,469.52B206
NGXINS180.54-0.391.21-0.390.970.97124.80B216
NGXLOTUSISLM3,408.730.590.860.594.054.053,879.25B705
NGXMAINBOARD2,436.390.210.840.213.743.7417,089.38B2,867
NGXMERIGRW2,417.900.65-0.210.654.154.151,626.41B673
NGXMERIVAL2,533.350.011.360.017.837.831,155.22B1,132
NGXOILGAS531.265.178.975.1714.9014.90883.06B161
NGXPENSION1,917.801.002.021.005.935.937,915.26B2,945
NGXPREMIUM5,016.461.952.621.955.955.9512,302.39B1,072
NGXSOVBND798.730.000.000.00-2.39-2.39914.42B1

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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