InfoWARE Analyst Daily Market Report (24-Mar-2023 15:08:44.400)

InfoWARE Analyst Daily Market Report (24-Mar-2023 15:08:44.400)
(Source: InfoWARE Terminal, Date: 24-Mar-2023)

Dear Investor,

InfoWARE Analyst Daily Market Report - 24-Mar-2023 15:08:44.398

The Nigerian equities market recorded another down day, as the NGX All-Share Index (NGXASI) closed the day down by -0.06%, to bring the Year-to-Date returns up 6.39%. The All Share Index closed at 54,892.53 against the previous close of 54,924.08, volume traded increased by 16.72% from 117.85M to 137.56M, while market turnover (the total value of shares traded) increased by 176.91% from NGN1.40B to NGN3.87B in 2,912.00 deals.
Market breadth (0.45x) signified Fourteen (14) advancers, as against Thirty-one (31) decliners. Volume was up for 71 companies and down for 66

NPF MICROFINANCE BANK PLC (NPFMCRFBK) topped the advancers list closing at N1.85 with a gain of 6.94% followed by GEREGU Power PLC (GEREGU) which closed at N323.00 with a gain of 6.25%.

On the flip side AIICO INSURANCE PLC. (AIICO) and LINKAGE ASSURANCE PLC (LINKASSURE) topped the decliners log with a loss of -5.00% at a close of N0.57, and -4.76% to close the day at N0.40 respectively.

Top Gainers

Symbol	LClose	%Chg
NPFMCRFBK	1.85	6.94
GEREGU	323.00	6.25
LASACO	1.05	5.00
CHAMS	0.25	4.17
JAPAULGOLD	0.29	3.57

Top Losers

Symbol	LClose	%Chg
AIICO	0.57	-5.00
LINKASSURE	0.40	-4.76
WAPIC	0.40	-4.76
INTBREW	4.35	-2.25
TRANSCORP	1.34	-2.19

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 0.01%(-0.06) against the Dollar to settle at 460.44 to 1

Investment Insights - Top 5 Gainers YTD

These stocks are the best performers whose price has risen faster than the market as a whole with the best returns year to date. Momentum investors believe that stocks that have outperformed the market will often continue to do so because the factors that caused them to outperform will not suddenly disappear. In addition, other investors seeking to benefit from the stock’s outperformance will often purchase the stock, further bidding its price higher and pushing the stock higher still

For more detailed analysis,

On InfoWARE Market Data Terminal <T5YTD2> <GO>
On InfoWARE Finance Mobile App ( Android , iPhone & iPad and Windows 10) , "Research"

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
NPFMCRFBK	1.85	6.49	1.79	6.50	0.27	5.78	11.09B	561.54K	16.00	1.02M	24-Mar-2023 14:31:05.657
GEREGU	323.00	5.88	315.07	0.00	0.00	2.63	807.50B	821.44K	92.00	244.59M	24-Mar-2023 14:30:56.907
JAIZBANK	0.91	3.30	0.90	30.45	0.03	4.55	31.43B	761.11K	20.00	686.02K	24-Mar-2023 14:30:59.957

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
VETINDETF	25.40	-0.47	25.44			0.00	0.00	10.00	1.00	254.00	24-Mar-2023 14:32:22.233
NGXINDUSTR	2,539.31	-0.67	2,548.87	39.90	18.97	0.00	0.00	2.81M	223.00	131.58M	24-Mar-2023 14:31:46.810
WAPIC	0.40	-5.00	0.41	26.04	0.02	7.14	9.60B	220.64K	12.00	87.60K	24-Mar-2023 14:31:15.217

Economic Indicators - Nigeria FX Reserves Vs ASI Chart

Nigeria FX Reserves are assets held on reserve by CBN in foreign currencies. These reserves are used to back liabilities and influence monetary policy. Given the nature of the Nigeria economy, FX Reserves can appear to have an outsize influence on the economy and hence on the capital market. The chart below allows comparison of FX Reserves against the ASI to make investment decisions

For more detailed analysis,

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

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	21.48M	6.90M	211.40	5.20	5.20	0.00	92	111.70M
NGXGROUP	NIGERIAN EXCHANGE GROUP	7.23M	2.84M	154.75	28.00	28.00	0.00	30	202.25M
NB	NIGERIAN BREW. PLC.	7.09M	1.22M	483.13	38.00	38.55	-1.43	112	259.70M
MTNN	MTN NIGERIA PLC	4.19M	991.70K	322.01	236.00	236.00	0.00	299	980.10M
STANBIC	STANBIC IBTC HOLDINGS PLC	3.69M	835.44K	341.37	37.60	36.75	2.31	24	138.72M

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
WAPCO	3.85	9.05	2.87	0.79	8.13	6.39	0.21
OKOMUOIL	1.09	32.59	5.63	0.67	11.21	6.39	0.33
PRESCO	1.33	56.86	2.65	0.67	9.67	6.39	0.33
NGXGROUP	0.00	0.00	0.00	0.48	12.68	6.39	0.52
TRANSCORP	1.46	0.00	0.00	0.48	18.58	6.39	0.52
STANBIC	4.08	4.47	8.23	0.43	12.41	6.39	0.57
CORNERST	7.35	1.93	0.35	0.38	13.33	6.39	0.62
CONOIL	6.58	13.82	2.75	0.37	43.40	6.39	0.63
GTCO	1.19	3.54	7.10	0.37	7.10	6.39	0.63
FLOURMILL	6.94	31.77	0.98	0.35	9.15	6.39	0.65

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
SUNUASSUR	0.48	9.09	0.00	9.09	20.00	65.52	65.52
TRANSCOHOT	6.90	8.32	0.00	8.32	6.15	10.40	10.40
LASACO	1.05	7.14	5.00	7.14	1.94	17.98	17.98
NPFMCRFBK	1.85	6.94	6.94	6.94	-2.12	9.47	9.47
GEREGU	323.00	6.25	6.25	6.25	8.35	116.78	116.78
ABCTRANS	0.37	5.71	0.00	5.71	-2.63	48.00	48.00
WAPIC	0.40	5.26	-4.76	5.26	-9.09	-4.76	-4.76
CORNERST	0.68	4.62	0.00	4.62	6.25	13.33	13.33
JAIZBANK	0.91	4.60	3.41	4.60	-5.21	1.11	1.11
CHAMPION	4.90	4.26	0.00	4.26	2.51	-10.91	-10.91

Top ASI Losers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
NCR	2.35	-18.69	0.00	-18.69	-27.47	-34.72	-34.72
IKEJAHOTEL	1.03	-9.65	0.00	-9.65	-18.25	-1.90	-1.90
FTNCOCOA	0.27	-6.90	0.00	-6.90	-3.57	-10.00	-10.00
INTBREW	4.35	-6.45	-2.25	-6.45	-10.31	-7.45	-7.45
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
MANSARD	1.91	-4.50	3.24	-4.50	-4.50	-4.50	-4.50
AFRIPRUD	5.75	-4.17	0.00	-4.17	-9.45	-3.36	-3.36
ROYALEX	0.69	-4.17	0.00	-4.17	-13.75	-33.65	-33.65

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	54,892.53	-0.06	0.01	-1.11	6.39	6.39	29,903.33B	2,912
NGX30	1,957.63	-0.26	-0.15	-1.39	5.58	5.58	27,859.15B	1,992
NGXAFRBVI	1,049.78	-0.33	0.00	-8.01	3.69	3.69	2,567.28B	733
NGXAFRHDYI	3,550.77	-0.04	-0.05	-4.19	6.12	6.12	6,854.70B	856
NGXASEM	659.42	0.00	0.00	0.00	0.00	0.00	1.36B	0
NGXBNK	436.95	-0.25	-0.36	-6.34	2.01	2.01	2,042.06B	663
NGXCG	1,350.75	-0.21	-0.07	-5.30	4.71	4.71	4,230.14B	1,983
NGXCNSMRGDS	696.17	-0.21	-0.39	0.88	14.11	14.11	3,906.23B	463
NGXGROWTH	2,872.03	0.00	0.00	6.93	62.16	62.16	17.75B	2
NGXINDUSTR	2,539.31	-0.66	-0.56	0.94	5.66	5.66	8,763.41B	223
NGXINS	174.70	-1.01	-0.06	-2.93	-2.30	-2.30	120.76B	124
NGXLOTUSISLM	3,550.69	-0.05	0.17	0.13	8.39	8.39	4,040.81B	612
NGXMAINBOARD	2,463.98	-0.05	0.03	-0.53	4.91	4.91	17,287.08B	1,917
NGXMERIGRW	2,347.70	-0.49	-0.31	-3.19	1.12	1.12	1,565.81B	466
NGXMERIVAL	2,425.75	-0.15	-0.56	-7.01	3.25	3.25	1,106.15B	887
NGXOILGAS	521.34	0.00	0.00	-8.49	12.75	12.75	866.58B	86
NGXPENSION	1,882.83	-0.21	-0.13	-4.05	4.00	4.00	7,754.04B	2,152
NGXPREMIUM	5,134.19	-0.07	-0.02	-1.91	8.44	8.44	12,591.12B	993
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"

Find the topic interesting? Will like to comment? Contact Us at solutions@infowarelimited.com

Top News

Join the conversation, get the latest stock tips, see what your peers and experts are saying...

MARKET SUMMARY - JUNE 09, 2023...NGX ASI LOSE -0.05%; LOSSES IN CONOIL, OANDO, & DANGCEM; ETERNA LOSES STEAM AND CLOSED FLAT.......

SECURITIES AFRICA NIGERIA RESEARCH

09-Jun-2023 18:49:53.000

Closing Share Prices as at Friday, 9th of June 2023.

AFRINVEST RESEARCH

09-Jun-2023 15:45:02.000

Chart Of The Day - ASI Chart Vs ASI Advance Decline Line (YTD) (09-Jun-2023 15:08:20.399)