InfoWARE Analyst Daily Market Report (23-Mar-2023 15:08:28.203)

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

Symbol	LClose	%Chg
SUNUASSUR	0.48	9.09
TRANSCOHOT	6.90	8.32
ACADEMY	1.29	7.50
REGALINS	0.30	7.14
ABCTRANS	0.37	5.71

Top Losers

Symbol	LClose	%Chg
NCR	2.35	-9.96
LINKASSURE	0.42	-8.70
MANSARD	1.85	-7.50
ROYALEX	0.69	-4.17
UPDC	0.96	-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"

Symbol	Price	%Chg	15DMA	PE	EPS	DivY	MktCap	Vol	Trades	Value	LstTradeTime
TRANSCOHOT	6.90	7.68	6.50	13.04	0.49	2.04	70.67B	350.33K	4.00	2.35M	23-Mar-2023 14:31:31.817
ACADEMY	1.29	6.98	1.26	0.00	0.00	8.33	975.24M	118.01K	6.00	152.19K	23-Mar-2023 14:31:03.483
REGALINS	0.30	6.67	0.29	2.65	0.11	10.71	2.00B	779.84K	3.00	233.95K	23-Mar-2023 14:31:28.343
ABCTRANS	0.37	5.41	0.36	2.05	0.17	8.57	885.27M	491.07K	5.00	176.19K	23-Mar-2023 14:31:03.210
TRANSCORP	1.37	5.11	1.32	0.00	0.00	1.54	55.69B	23.40M	78.00	31.48M	23-Mar-2023 14:32:29.867
CUTIX	2.20	4.09	2.15	8.08	0.26	4.74	7.75B	852.33K	20.00	1.82M	23-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,

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
PZ	10.75	-0.47	10.76	21.68	0.50	9.35	42.68B	473.31K	23.00	5.09M	23-Mar-2023 14:31:27.970
STERLNBANK	1.49	-3.36	1.51	5.16	0.30	6.49	42.90B	734.08K	19.00	1.10M	23-Mar-2023 14:31:30.293
LINKASSURE	0.42	-9.52	0.44	30.61	0.02	10.87	5.88B	785.09K	6.00	330.19K	23-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

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
FIDELITYBK	FIDELITY BANK PLC	16.95M	6.71M	152.57	5.20	5.27	-1.33	62	88.16M
ROYALEX	ROYAL EXCHANGE PLC.	9.18M	2.26M	306.79	0.69	0.72	-4.17	45	6.15M
ABCTRANS	ASSOCIATED BUS COMPANY PLC	491.07K	120.16K	308.70	0.37	0.35	5.71	5	176.19K
NCR	NCR (NIGERIA) PLC.	476.33K	19.33K	2,364.42	2.35	2.61	-9.96	10	1.13M
IKEJAHOTEL	IKEJA HOTEL PLC	430.00K	161.18K	166.78	1.03	1.03	0.00	9	460.60K

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.

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
WAPIC	0.42	10.53	0.00	10.53	-4.55	0.00	0.00
SUNUASSUR	0.48	9.09	9.09	9.09	20.00	65.52	65.52
TRANSCOHOT	6.90	8.32	8.32	8.32	6.15	10.40	10.40
ABCTRANS	0.37	5.71	5.71	5.71	-2.63	48.00	48.00
TRANSCORP	1.37	5.38	5.38	5.38	-0.72	21.24	21.24
CORNERST	0.68	4.62	4.62	4.62	6.25	13.33	13.33
CHAMPION	4.90	4.26	0.00	4.26	2.51	-10.91	-10.91
RTBRISCOE	0.26	4.00	4.00	4.00	-7.14	-7.14	-7.14
SOVRENINS	0.28	3.70	3.70	3.70	-6.67	0.00	0.00
AIICO	0.60	3.45	1.69	3.45	0.00	-6.25	-6.25

Top ASI Losers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
NCR	2.35	-18.69	-9.96	-18.69	-27.47	-34.72	-34.72
IKEJAHOTEL	1.03	-9.65	0.00	-9.65	-18.25	-1.90	-1.90
MANSARD	1.85	-7.50	-7.50	-7.50	-7.50	-7.50	-7.50
FTNCOCOA	0.27	-6.90	0.00	-6.90	-3.57	-10.00	-10.00
JAPAULGOLD	0.28	-6.67	0.00	-6.67	-3.45	3.70	3.70
CADBURY	11.30	-5.83	0.00	-5.83	-5.83	-5.04	-5.04
UPL	2.00	-4.76	0.00	-4.76	0.00	5.26	5.26
CHIPLC	0.62	-4.62	0.00	-4.62	-6.06	-7.46	-7.46
INTBREW	4.45	-4.30	0.00	-4.30	-8.25	-5.32	-5.32
AFRIPRUD	5.75	-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

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	54,924.08	-0.02	0.06	-1.05	6.45	6.45	29,920.52B	2,575
NGX30	1,962.83	0.03	0.12	-1.13	5.86	5.86	27,933.13B	1,830
NGXAFRBVI	1,053.28	-0.36	0.33	-7.70	4.04	4.04	2,575.83B	517
NGXAFRHDYI	3,552.13	-0.22	-0.01	-4.16	6.16	6.16	6,857.31B	696
NGXASEM	659.42	0.00	0.00	0.00	0.00	0.00	1.36B	0
NGXBNK	438.06	-0.45	-0.11	-6.11	2.27	2.27	2,047.22B	495
NGXCG	1,353.60	-0.20	0.14	-5.10	4.93	4.93	4,239.05B	1,820
NGXCNSMRGDS	697.63	-0.04	-0.18	1.09	14.35	14.35	3,914.41B	467
NGXGROWTH	2,872.03	0.00	0.00	6.93	62.16	62.16	17.75B	4
NGXINDUSTR	2,556.23	0.00	0.11	1.61	6.37	6.37	8,821.83B	212
NGXINS	176.48	-0.42	0.96	-1.94	-1.30	-1.30	121.99B	110
NGXLOTUSISLM	3,552.50	-0.02	0.22	0.18	8.44	8.44	4,042.87B	533
NGXMAINBOARD	2,465.25	-0.01	0.08	-0.48	4.97	4.97	17,295.99B	1,686
NGXMERIGRW	2,359.23	0.08	0.18	-2.72	1.62	1.62	1,573.50B	517
NGXMERIVAL	2,429.42	-0.59	-0.40	-6.87	3.41	3.41	1,107.82B	770
NGXOILGAS	521.34	0.00	0.00	-8.49	12.75	12.75	866.58B	81
NGXPENSION	1,886.75	-0.20	0.08	-3.85	4.21	4.21	7,770.17B	2,019
NGXPREMIUM	5,137.57	-0.04	0.05	-1.84	8.51	8.51	12,599.41B	885
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"