InfoWARE Analyst Daily Market Report (15-Mar-2023 15:08:33.078)

InfoWARE Analyst Daily Market Report (15-Mar-2023 15:08:33.078)
(Source: InfoWARE Terminal, Date: 15-Mar-2023)

Dear Investor,

InfoWARE Analyst Daily Market Report - 15-Mar-2023 15:08:33.076

The Nigerian equities market recorded another down day, as the NGX All-Share Index (NGXASI) closed the day down by -0.42%, to bring the Year-to-Date returns up 7.55%. The All Share Index closed at 55,490.20 against the previous close of 55,722.90, volume traded decreased by -9.07% from 199.27M to 181.19M, while market turnover (the total value of shares traded) increased by 21.02% from NGN2.81B to NGN3.41B in 3,908.00 deals.
Market breadth (0.43x) signified Fifteen (15) advancers, as against Thirty-five (35) decliners. Volume was up for 63 companies and down for 80

VETIVA GRIFFIN 30 ETF (VETGRIF30) topped the advancers list closing at N20.69 with a gain of 9.99% followed by PRESTIGE ASSURANCE CO. PLC. (PRESTIGE) which closed at N0.41 with a gain of 7.89%.

On the flip side STANBIC IBTC ETF 30 (STANBICETF30) and UNITED CAPITAL PLC (UCAP) topped the decliners log with a loss of -10.00% at a close of N263.25, and -9.30% to close the day at N11.70 respectively.

Top Gainers

Symbol	LClose	%Chg
VETGRIF30	20.69	9.99
PRESTIGE	0.41	7.89
VERITASKAP	0.21	5.00
NGXGROUP	28.00	4.87
UNILEVER	14.00	3.70

Top Losers

Symbol	LClose	%Chg
STANBICETF30	263.25	-10.00
UCAP	11.70	-9.30
UPL	1.85	-7.50
GLAXOSMITH	6.20	-7.46
NEIMETH	1.46	-7.01

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 0.33%(-1.53) against the Dollar to settle at 460.72 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
VETGRIF30	20.69	9.09	20.08			0.00	0.00	144.00	4.00	2.68K	15-Mar-2023 14:32:36.700
FGSUK2025S2	112.00	8.93	107.73			0.00	0.00	110.00	1.00	123.20K	15-Mar-2023 14:31:57.267
NGXGROUP	28.00	4.64	27.37	0.00	0.00	0.00	55.00B	9.36M	47.00	260.69M	15-Mar-2023 14:31:16.427
UNILEVER	14.00	3.57	13.59	33.99	0.40	3.70	80.43B	626.11K	31.00	8.69M	15-Mar-2023 14:31:26.397
JAPAULGOLD	0.29	3.45	0.28	0.02	12.01	7.14	1.82B	1.76M	14.00	512.00K	15-Mar-2023 14:32:34.133

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
FGS202491	93.00	0.00	93.00			0.00	0.00	0.00	0.00	0.00	15-Mar-2023 14:31:55.460
ASI	55,490.20	-0.42	55,537.81	11.84	457.69	0.00	0.00	181.19M	3,908.00	3.41B	15-Mar-2023 14:32:00.897
NGXMAINBOARD	2,478.45	-0.53	2,484.43	12.90	225.05	0.00	0.00	139.59M	2,636.00	2.46B	15-Mar-2023 14:32:02.007
NGX50	1,857.03	-0.58	1,867.93	23.61	149.67	0.00	0.00	117.87M	2,377.00	2.39B	15-Mar-2023 14:32:01.067
INTBREW	4.65	-4.30	4.78	0.00	0.00	5.15	124.91B	475.88K	14.00	2.25M	15-Mar-2023 14:32:34.037
FLOURMILL	31.00	-6.29	32.61	33.77	0.98	6.53	127.11B	18.49M	227.00	573.14M	15-Mar-2023 14:31:05.107
GEREGU	304.00	-6.91	305.47	0.00	0.00	2.46	760.00B	312.77K	21.00	92.65M	15-Mar-2023 14:31:05.443
SIAMLETF40	80.00	-7.53	82.62			0.00	0.00	60.00	1.00	4.80K	15-Mar-2023 14:32:36.357
NEIMETH	1.46	-7.53	1.52	95.20	0.02	4.46	6.24B	284.48K	12.00	418.80K	15-Mar-2023 14:31:15.740
UPL	1.85	-8.11	1.97	3.41	0.59	5.00	798.11M	500.21K	8.00	926.50K	15-Mar-2023 14:31:27.630

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
GTCO	GUARANTY TRUST HOLDING COMPANY PLC	33.85M	16.38M	106.69	25.00	25.20	-0.79	389	841.95M
FLOURMILL	FLOUR MILLS NIG. PLC.	18.49M	607.53K	2,944.16	31.00	32.95	-5.92	227	573.14M
UCAP	UNITED CAPITAL PLC	9.84M	3.41M	188.55	11.70	12.90	-9.30	265	122.24M
NGXGROUP	NIGERIAN EXCHANGE GROUP	9.36M	2.71M	245.86	28.00	26.70	4.87	47	260.69M
GLAXOSMITH	GLAXO SMITHKLINE CONSUMER NIG. PLC.	589.75K	262.44K	124.72	6.20	6.70	-7.46	22	3.66M

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
OKOMUOIL	1.09	32.59	5.63	0.68	11.21	7.55	0.32
PRESCO	1.33	56.86	2.65	0.67	9.67	7.55	0.33
NGXGROUP	0.00	0.00	0.00	0.50	12.68	7.55	0.50
TRANSCORP	1.48	0.00	0.00	0.45	19.47	7.55	0.55
STANBIC	3.75	4.86	8.23	0.42	19.58	7.55	0.58
CORNERST	7.69	1.85	0.35	0.39	8.33	7.55	0.61
CONOIL	6.58	13.82	2.75	0.38	43.40	7.55	0.63
FLOURMILL	6.53	33.77	0.98	0.35	9.15	7.55	0.66
SEPLAT	0.93	5.64	212.70	0.33	9.09	7.55	0.67
MRS	6.19	5.64	4.96	0.33	98.23	7.55	0.67

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	%ChgMTD	%ChgQTD	%ChgYTD
ENAMELWA	17.75	9.57	0.00	9.57	9.57	9.57	9.57
NGXGROUP	28.00	7.69	4.87	7.69	-3.45	12.68	12.68
FTNCOCOA	0.28	7.69	0.00	7.69	0.00	-6.67	-6.67
VERITASKAP	0.21	5.00	5.00	5.00	-4.55	5.00	5.00
UACN	9.55	3.80	0.53	3.80	8.52	-6.83	-6.83
UNILEVER	14.00	3.70	3.70	3.70	3.70	20.69	20.69
JAPAULGOLD	0.29	3.57	3.57	3.57	0.00	7.41	7.41
STERLNBANK	1.50	2.74	-0.66	2.74	-2.60	7.14	7.14
FBNH	11.00	2.33	0.92	2.33	-5.58	-2.22	-2.22
MULTIVERSE	3.83	2.13	2.13	2.13	-3.28	-3.77	-3.77

Top ASI Losers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
UCAP	11.70	-20.41	-9.30	-20.41	-20.68	-16.43	-16.43
CHAMS	0.23	-8.00	0.00	-8.00	-17.86	-4.17	-4.17
NEIMETH	1.46	-7.59	-7.01	-7.59	0.69	2.10	2.10
UPL	1.85	-7.50	-7.50	-7.50	-7.50	-2.63	-2.63
GLAXOSMITH	6.20	-7.46	-7.46	-7.46	-7.46	0.81	0.81
LINKASSURE	0.41	-6.82	0.00	-6.82	-8.89	2.50	2.50
UPDC	0.96	-6.80	0.00	-6.80	-5.88	4.35	4.35
OANDO	4.01	-6.74	-6.74	-6.74	-21.37	3.35	3.35
GEREGU	304.00	-6.46	-6.46	-6.46	1.98	104.03	104.03
WEMABANK	4.04	-6.05	0.00	-6.05	-7.13	3.59	3.59

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	55,490.20	-0.42	-0.53	-0.03	7.55	7.55	30,228.92B	3,908
NGX30	1,984.05	-0.26	-0.39	-0.06	7.00	7.00	28,235.24B	3,016
NGXAFRBVI	1,051.25	-1.66	-2.85	-7.88	3.84	3.84	2,570.86B	1,227
NGXAFRHDYI	3,532.44	-2.34	-3.35	-4.69	5.57	5.57	6,819.31B	1,548
NGXASEM	659.42	0.00	0.00	0.00	0.00	0.00	1.36B	0
NGXBNK	436.51	-1.95	-2.19	-6.44	1.91	1.91	2,040.01B	1,047
NGXCG	1,370.35	-0.86	-1.26	-3.92	6.23	6.23	4,291.50B	2,837
NGXCNSMRGDS	704.34	-0.29	-0.28	2.06	15.44	15.44	3,952.03B	670
NGXGROWTH	2,791.14	0.00	0.00	3.92	57.59	57.59	17.25B	0
NGXINDUSTR	2,553.95	-0.01	-0.11	1.52	6.27	6.27	8,813.96B	254
NGXINS	176.13	0.44	-1.47	-2.13	-1.50	-1.50	121.75B	99
NGXLOTUSISLM	3,574.16	-0.10	-0.28	0.79	9.10	9.10	4,067.52B	597
NGXMAINBOARD	2,478.45	-0.53	-0.69	0.05	5.53	5.53	17,388.57B	2,636
NGXMERIGRW	2,380.73	0.00	0.39	-1.83	2.55	2.55	1,598.11B	635
NGXMERIVAL	2,433.01	-2.42	-2.86	-6.73	3.56	3.56	1,109.46B	1,686
NGXOILGAS	521.34	0.00	0.00	-8.49	12.75	12.75	866.58B	113
NGXPENSION	1,898.13	-0.70	-1.01	-3.27	4.84	4.84	7,823.83B	3,229
NGXPREMIUM	5,225.78	-0.27	-0.33	-0.16	10.37	10.37	12,815.73B	1,272
NGXSOVBND	802.08	0.00	0.00	0.49	-1.98	-1.98	918.12B	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"

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