InfoWARE Analyst Daily Market Report (02-Feb-2023 15:04:32.414)

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

Symbol	LClose	%Chg
LOTUSHAL15	22.99	10.00
MRS	17.60	10.00
STANBICETF30	177.10	10.00
NNFM	8.90	9.88
INTENEGINS	0.90	9.76

Top Losers

Symbol	LClose	%Chg
NEWGOLD	10,100.50	-17.81
SUNUASSUR	0.34	-8.11
MBENEFIT	0.36	-7.69
LINKASSURE	0.45	-6.25
VERITASKAP	0.20	-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"

Symbol	Price	%Chg	15DMA	PE	EPS	DivY	MktCap	Vol	Trades	Value	LstTradeTime
FG112024S1	100.10	29.07	86.55			0.00	72.07B	8.00	1.00	8.01K	02-Feb-2023 14:31:48.497
CORNERST	0.60	8.33	0.57	1.56	0.35	9.09	10.90B	602.49K	8.00	357.00K	02-Feb-2023 14:31:02.893
MTNN	233.50	3.64	228.73	22,110.85	0.01	2.49	4,752.78B	499.63K	257.00	116.75M	02-Feb-2023 14:32:35.373
CHAMPION	4.90	2.04	4.86	513.37	0.01	0.33	38.36B	739.95K	32.00	3.55M	02-Feb-2023 14:32:30.470
AFRIPRUD	6.10	0.82	6.07	9.99	0.61	8.26	12.20B	2.30M	40.00	14.11M	02-Feb-2023 14:32:30.390
FGSUK2025S2	102.81	0.00	101.80			0.00	0.00	0.00	0.00	0.00	02-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,

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	9.05	-0.55	9.07	3.23	2.81	2.20	321.68B	3.60M	117.00	32.60M	02-Feb-2023 14:32:34.800
CUSTODIAN	6.00	-1.67	6.01	1.85	3.29	1.64	35.29B	3.32M	52.00	19.93M	02-Feb-2023 14:32:30.553
PZ	10.25	-4.88	10.32	21.58	0.50	9.40	40.70B	826.72K	41.00	8.47M	02-Feb-2023 14:31:22.387
LINKASSURE	0.45	-6.67	0.48	31.94	0.02	10.42	6.30B	220.39K	10.00	99.80K	02-Feb-2023 14:31:16.360
SUNUASSUR	0.34	-8.82	0.36	0.00	0.00	8.11	1.98B	130.43K	4.00	44.35K	02-Feb-2023 14:31:24.637
NEWGOLD	10,100.50	-21.68	11,687.14	0.00	0.00	0.00	0.00	1.00	1.00	10.10K	02-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

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	2.72B	1.91M	141,852.58	0.21	0.20	5.00	8	543.21M
AIICO	AIICO INSURANCE PLC.	14.00M	3.23M	333.68	0.63	0.63	0.00	70	9.17M
GEREGU	GEREGU Power PLC	8.18M	3.39M	141.64	219.00	210.00	4.29	110	1.77B
MBENEFIT	MUTUAL BENEFITS ASSURANCE PLC.	7.04M	2.01M	250.61	0.36	0.39	-7.69	39	2.58M
CUSTODIAN	CUSTODIAN AND ALLIED PLC	3.32M	636.25K	422.04	6.00	6.10	-1.64	52	19.93M

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.

For more detailed analysis,

On InfoWARE Market Data Terminal <HYIELD> <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
NNFM	8.90	31.85	9.88	31.85	9.88	44.72	44.72
INTENEGINS	0.90	30.43	9.76	30.43	9.76	136.84	136.84
GEREGU	219.00	24.43	4.29	24.43	4.29	46.98	46.98
SEPLAT	1,325.00	20.45	9.50	20.45	9.50	20.45	20.45
SOVRENINS	0.30	15.38	0.00	15.38	0.00	7.14	7.14
FCMB	4.70	14.63	6.82	14.63	6.82	33.90	33.90
NGXGROUP	29.00	11.11	3.57	11.11	3.57	16.70	16.70
IMG	7.70	10.00	0.00	10.00	0.00	4.05	4.05
MRS	17.60	10.00	10.00	10.00	10.00	24.82	24.82
LIVINGTRUST	1.98	10.00	0.00	10.00	0.00	23.75	23.75

Top ASI Losers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
CHAMS	0.25	-16.67	0.00	-16.67	0.00	4.17	4.17
NCR	3.24	-10.00	0.00	-10.00	0.00	-10.00	-10.00
GUINNESS	63.00	-10.00	0.00	-10.00	0.00	-9.09	-9.09
ACADEMY	1.19	-9.85	0.00	-9.85	0.00	-7.75	-7.75
RTBRISCOE	0.28	-9.68	0.00	-9.68	0.00	0.00	0.00
UNITYBNK	0.50	-9.09	0.00	-9.09	0.00	-15.25	-15.25
SUNUASSUR	0.34	-8.11	-8.11	-8.11	-8.11	17.24	17.24
ARDOVA	17.65	-7.59	2.62	-7.59	2.62	-4.08	-4.08
LINKASSURE	0.45	-6.25	-6.25	-6.25	-6.25	12.50	12.50
JAPAULGOLD	0.34	-5.56	3.03	-5.56	3.03	25.93	25.93

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

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	53,998.12	0.93	1.58	0.93	4.66	4.66	29,411.33B	3,940
NGX30	1,937.11	0.91	1.31	0.91	4.47	4.47	27,567.13B	2,633
NGXAFRBVI	1,054.82	-0.56	0.27	-0.56	4.19	4.19	2,579.61B	870
NGXAFRHDYI	3,517.60	-0.23	0.00	-0.23	5.12	5.12	6,886.61B	994
NGXASEM	659.42	0.00	0.00	0.00	0.00	0.00	1.36B	0
NGXBNK	452.33	-0.44	0.75	-0.44	5.60	5.60	2,113.91B	819
NGXCG	1,374.17	1.40	2.42	1.40	6.53	6.53	4,302.35B	2,463
NGXCNSMRGDS	621.50	0.00	-0.27	0.00	1.87	1.87	3,487.24B	648
NGXGROWTH	2,082.25	0.00	8.25	0.00	17.57	17.57	12.18B	1
NGXINDUSTR	2,454.15	0.00	0.01	0.00	2.12	2.12	8,469.52B	206
NGXINS	180.54	-0.39	1.21	-0.39	0.97	0.97	124.80B	216
NGXLOTUSISLM	3,408.73	0.59	0.86	0.59	4.05	4.05	3,879.25B	705
NGXMAINBOARD	2,436.39	0.21	0.84	0.21	3.74	3.74	17,089.38B	2,867
NGXMERIGRW	2,417.90	0.65	-0.21	0.65	4.15	4.15	1,626.41B	673
NGXMERIVAL	2,533.35	0.01	1.36	0.01	7.83	7.83	1,155.22B	1,132
NGXOILGAS	531.26	5.17	8.97	5.17	14.90	14.90	883.06B	161
NGXPENSION	1,917.80	1.00	2.02	1.00	5.93	5.93	7,915.26B	2,945
NGXPREMIUM	5,016.46	1.95	2.62	1.95	5.95	5.95	12,302.39B	1,072
NGXSOVBND	798.73	0.00	0.00	0.00	-2.39	-2.39	914.42B	1

For more detailed analysis,

On InfoWARE Market Data Terminal <MKTINS> <GO>
On InfoWARE Finance Mobile App ( Android, iPhone & iPad and Windows 10) , "Market Indexes"