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InfoWARE Analyst Daily Market Report (23-Mar-2023 15:08:28.203)
(Source: InfoWARE Terminal, Date: 23-Mar-2023)
Dear Investor,
InfoWARE Analyst Daily Market Report - 23-Mar-2023 15:08:28.201

The Nigerian equities market recorded another down day, as the NGX All-Share Index (NGXASI) closed the day down by -0.02%, to bring the Year-to-Date returns up 6.45%. The All Share Index closed at 54,924.08 against the previous close of 54,936.11, volume traded decreased by -12.15% from 134.15M to 117.85M, while market turnover (the total value of shares traded) increased by 5.13% from NGN1.33B to NGN1.40B in 2,575.00 deals.
Market breadth (0.57x) signified Seventeen (17) advancers, as against Thirty (30) decliners. Volume was up for 72 companies and down for 66


SUNU ASSURANCES NIGERIA PLC. (SUNUASSUR) topped the advancers list closing at N0.48 with a gain of 9.09% followed by TRANSCORP HOTELS PLC (TRANSCOHOT) which closed at N6.90 with a gain of 8.32%.

On the flip side NCR (NIGERIA) PLC. (NCR) and LINKAGE ASSURANCE PLC (LINKASSURE) topped the decliners log with a loss of -9.96% at a close of N2.35, and -8.70% to close the day at N0.42 respectively.

Top Gainers
SymbolLClose%Chg
SUNUASSUR0.489.09
TRANSCOHOT6.908.32
ACADEMY1.297.50
REGALINS0.307.14
ABCTRANS0.375.71
Top Losers
SymbolLClose%Chg
NCR2.35-9.96
LINKASSURE0.42-8.70
MANSARD1.85-7.50
ROYALEX0.69-4.17
UPDC0.96-4.00

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 0.02%(0.10) against the Dollar to settle at 460.37 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
TRANSCOHOT6.907.686.5013.040.492.0470.67B350.33K4.002.35M23-Mar-2023 14:31:31.817
ACADEMY1.296.981.260.000.008.33975.24M118.01K6.00152.19K23-Mar-2023 14:31:03.483
REGALINS0.306.670.292.650.1110.712.00B779.84K3.00233.95K23-Mar-2023 14:31:28.343
ABCTRANS0.375.410.362.050.178.57885.27M491.07K5.00176.19K23-Mar-2023 14:31:03.210
TRANSCORP1.375.111.320.000.001.5455.69B23.40M78.0031.48M23-Mar-2023 14:32:29.867
CUTIX2.204.092.158.080.264.747.75B852.33K20.001.82M23-Mar-2023 14:31:11.803


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
PZ10.75-0.4710.7621.680.509.3542.68B473.31K23.005.09M23-Mar-2023 14:31:27.970
STERLNBANK1.49-3.361.515.160.306.4942.90B734.08K19.001.10M23-Mar-2023 14:31:30.293
LINKASSURE0.42-9.520.4430.610.0210.875.88B785.09K6.00330.19K23-Mar-2023 14:31:21.550


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
FIDELITYBKFIDELITY BANK PLC16.95M6.71M152.575.205.27-1.336288.16M
ROYALEXROYAL EXCHANGE PLC.9.18M2.26M306.790.690.72-4.17456.15M
ABCTRANSASSOCIATED BUS COMPANY PLC491.07K120.16K308.700.370.355.715176.19K
NCRNCR (NIGERIA) PLC.476.33K19.33K2,364.422.352.61-9.96101.13M
IKEJAHOTELIKEJA HOTEL PLC430.00K161.18K166.781.031.030.009460.60K


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
WAPIC0.4210.530.0010.53-4.550.000.00
SUNUASSUR0.489.099.099.0920.0065.5265.52
TRANSCOHOT6.908.328.328.326.1510.4010.40
ABCTRANS0.375.715.715.71-2.6348.0048.00
TRANSCORP1.375.385.385.38-0.7221.2421.24
CORNERST0.684.624.624.626.2513.3313.33
CHAMPION4.904.260.004.262.51-10.91-10.91
RTBRISCOE0.264.004.004.00-7.14-7.14-7.14
SOVRENINS0.283.703.703.70-6.670.000.00
AIICO0.603.451.693.450.00-6.25-6.25
Top ASI Losers Over Last 5 Trading Days
SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
NCR2.35-18.69-9.96-18.69-27.47-34.72-34.72
IKEJAHOTEL1.03-9.650.00-9.65-18.25-1.90-1.90
MANSARD1.85-7.50-7.50-7.50-7.50-7.50-7.50
FTNCOCOA0.27-6.900.00-6.90-3.57-10.00-10.00
JAPAULGOLD0.28-6.670.00-6.67-3.453.703.70
CADBURY11.30-5.830.00-5.83-5.83-5.04-5.04
UPL2.00-4.760.00-4.760.005.265.26
CHIPLC0.62-4.620.00-4.62-6.06-7.46-7.46
INTBREW4.45-4.300.00-4.30-8.25-5.32-5.32
AFRIPRUD5.75-4.17-0.86-4.17-9.45-3.36-3.36

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
ASI54,924.08-0.020.06-1.056.456.4529,920.52B2,575
NGX301,962.830.030.12-1.135.865.8627,933.13B1,830
NGXAFRBVI1,053.28-0.360.33-7.704.044.042,575.83B517
NGXAFRHDYI3,552.13-0.22-0.01-4.166.166.166,857.31B696
NGXASEM659.420.000.000.000.000.001.36B0
NGXBNK438.06-0.45-0.11-6.112.272.272,047.22B495
NGXCG1,353.60-0.200.14-5.104.934.934,239.05B1,820
NGXCNSMRGDS697.63-0.04-0.181.0914.3514.353,914.41B467
NGXGROWTH2,872.030.000.006.9362.1662.1617.75B4
NGXINDUSTR2,556.230.000.111.616.376.378,821.83B212
NGXINS176.48-0.420.96-1.94-1.30-1.30121.99B110
NGXLOTUSISLM3,552.50-0.020.220.188.448.444,042.87B533
NGXMAINBOARD2,465.25-0.010.08-0.484.974.9717,295.99B1,686
NGXMERIGRW2,359.230.080.18-2.721.621.621,573.50B517
NGXMERIVAL2,429.42-0.59-0.40-6.873.413.411,107.82B770
NGXOILGAS521.340.000.00-8.4912.7512.75866.58B81
NGXPENSION1,886.75-0.200.08-3.854.214.217,770.17B2,019
NGXPREMIUM5,137.57-0.040.05-1.848.518.5112,599.41B885
NGXSOVBND802.080.000.000.49-1.98-1.98918.12B0

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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