Before it's here, it's on InfoWARE Market Data Terminal; Years of Fundamentals, Analytics and more... NEWGOLD 15.51  OMATEK 10.00  NEM 10.00  GOLDBREW 9.88  CHAMS 9.52  FTNCOCOA 9.41  WAPIC 9.30  STANBICETF30 9.27  NSLTECH 9.09  JAPAULGOLD 9.09  CONOIL -9.95  ABCTRANS -9.30  SOVRENINS -9.09  SUNUASSUR -8.51  COURTVILLE -8.00  UPL -7.17  CUTIX -5.24  PHARMDEKO -3.80  PZ -3.59  UBN -2.08 
Get IDIA - the stock trading app for the modern investor
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
SymbolLClose%Chg
NPFMCRFBK1.856.94
GEREGU323.006.25
LASACO1.055.00
CHAMS0.254.17
JAPAULGOLD0.293.57
Top Losers
SymbolLClose%Chg
AIICO0.57-5.00
LINKASSURE0.40-4.76
WAPIC0.40-4.76
INTBREW4.35-2.25
TRANSCORP1.34-2.19

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

NGX Top 5 Gainers YTD

For more detailed analysis,



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
NPFMCRFBK1.856.491.796.500.275.7811.09B561.54K16.001.02M24-Mar-2023 14:31:05.657
GEREGU323.005.88315.070.000.002.63807.50B821.44K92.00244.59M24-Mar-2023 14:30:56.907
JAIZBANK0.913.300.9030.450.034.5531.43B761.11K20.00686.02K24-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,

SymbolPrice%Chg15DMAPEEPSDivYMktCapVolTradesValueLstTradeTime
VETINDETF25.40-0.4725.440.000.0010.001.00254.0024-Mar-2023 14:32:22.233
NGXINDUSTR2,539.31-0.672,548.8739.9018.970.000.002.81M223.00131.58M24-Mar-2023 14:31:46.810
WAPIC0.40-5.000.4126.040.027.149.60B220.64K12.0087.60K24-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

Economic Indicators - Nigeria FX Reserves Vs ASI Chart

For more detailed analysis,



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 PLC21.48M6.90M211.405.205.200.0092111.70M
NGXGROUPNIGERIAN EXCHANGE GROUP7.23M2.84M154.7528.0028.000.0030202.25M
NBNIGERIAN BREW. PLC.7.09M1.22M483.1338.0038.55-1.43112259.70M
MTNNMTN NIGERIA PLC4.19M991.70K322.01236.00236.000.00299980.10M
STANBICSTANBIC IBTC HOLDINGS PLC3.69M835.44K341.3737.6036.752.3124138.72M


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.

Top 10 high dividend yield stocks

For more detailed analysis,



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

SymbolDivYieldPEEPSBeta%ChgYTDASIYTDReturnBetaDiff
WAPCO3.859.052.870.798.136.390.21
OKOMUOIL1.0932.595.630.6711.216.390.33
PRESCO1.3356.862.650.679.676.390.33
NGXGROUP0.000.000.000.4812.686.390.52
TRANSCORP1.460.000.000.4818.586.390.52
STANBIC4.084.478.230.4312.416.390.57
CORNERST7.351.930.350.3813.336.390.62
CONOIL6.5813.822.750.3743.406.390.63
GTCO1.193.547.100.377.106.390.63
FLOURMILL6.9431.770.980.359.156.390.65


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

OPEC Basket Price Vs ASI (365 Day Chart)

For more detailed analysis,


Top ASI Gainers Over Last 5 Trading Days
SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
SUNUASSUR0.489.090.009.0920.0065.5265.52
TRANSCOHOT6.908.320.008.326.1510.4010.40
LASACO1.057.145.007.141.9417.9817.98
NPFMCRFBK1.856.946.946.94-2.129.479.47
GEREGU323.006.256.256.258.35116.78116.78
ABCTRANS0.375.710.005.71-2.6348.0048.00
WAPIC0.405.26-4.765.26-9.09-4.76-4.76
CORNERST0.684.620.004.626.2513.3313.33
JAIZBANK0.914.603.414.60-5.211.111.11
CHAMPION4.904.260.004.262.51-10.91-10.91
Top ASI Losers Over Last 5 Trading Days
SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
NCR2.35-18.690.00-18.69-27.47-34.72-34.72
IKEJAHOTEL1.03-9.650.00-9.65-18.25-1.90-1.90
FTNCOCOA0.27-6.900.00-6.90-3.57-10.00-10.00
INTBREW4.35-6.45-2.25-6.45-10.31-7.45-7.45
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
MANSARD1.91-4.503.24-4.50-4.50-4.50-4.50
AFRIPRUD5.75-4.170.00-4.17-9.45-3.36-3.36
ROYALEX0.69-4.170.00-4.17-13.75-33.65-33.65

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
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
ASI54,892.53-0.060.01-1.116.396.3929,903.33B2,912
NGX301,957.63-0.26-0.15-1.395.585.5827,859.15B1,992
NGXAFRBVI1,049.78-0.330.00-8.013.693.692,567.28B733
NGXAFRHDYI3,550.77-0.04-0.05-4.196.126.126,854.70B856
NGXASEM659.420.000.000.000.000.001.36B0
NGXBNK436.95-0.25-0.36-6.342.012.012,042.06B663
NGXCG1,350.75-0.21-0.07-5.304.714.714,230.14B1,983
NGXCNSMRGDS696.17-0.21-0.390.8814.1114.113,906.23B463
NGXGROWTH2,872.030.000.006.9362.1662.1617.75B2
NGXINDUSTR2,539.31-0.66-0.560.945.665.668,763.41B223
NGXINS174.70-1.01-0.06-2.93-2.30-2.30120.76B124
NGXLOTUSISLM3,550.69-0.050.170.138.398.394,040.81B612
NGXMAINBOARD2,463.98-0.050.03-0.534.914.9117,287.08B1,917
NGXMERIGRW2,347.70-0.49-0.31-3.191.121.121,565.81B466
NGXMERIVAL2,425.75-0.15-0.56-7.013.253.251,106.15B887
NGXOILGAS521.340.000.00-8.4912.7512.75866.58B86
NGXPENSION1,882.83-0.21-0.13-4.054.004.007,754.04B2,152
NGXPREMIUM5,134.19-0.07-0.02-1.918.448.4412,591.12B993
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"

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

Professional &Institutional Investors: Bloomberg costing you too much? of InfoWARE Market Data Terminal; The Bloomberg replacement for PAN Africa!

Top News

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)

INFOWARE TERMINAL
09-Jun-2023 15:08:20.000

Chart Of The Day - ASI Chart Vs ASI Advance Decline Line (YTD) (09-Jun-2023 15:08:18.198)

INFOWARE TERMINAL
09-Jun-2023 15:08:18.000

InfoWARE Analyst Daily Market Report (09-Jun-2023 15:08:12.493)

INFOWARE TERMINAL
09-Jun-2023 15:08:12.000

Breaking News! Unusual Volume Alert (09-Jun-2023 14:08:17.177)

INFOWARE TERMINAL
09-Jun-2023 14:08:17.000

Breaking News! Bulls Momentum Alert (09-Jun-2023 14:08:16.462)

INFOWARE TERMINAL
09-Jun-2023 14:08:16.000

Breaking News! Unusual Volume Alert (09-Jun-2023 13:38:17.768)

INFOWARE TERMINAL
09-Jun-2023 13:38:17.000

Breaking News! Bears Momentum Alert (09-Jun-2023 13:38:17.003)

INFOWARE TERMINAL
09-Jun-2023 13:38:17.000

Breaking News! Unusual Volume Alert (09-Jun-2023 13:08:17.035)

INFOWARE TERMINAL
09-Jun-2023 13:08:17.000

Breaking News! Bears Momentum Alert (09-Jun-2023 13:08:16.310)

INFOWARE TERMINAL
09-Jun-2023 13:08:16.000

Breaking News! Unusual Volume Alert (09-Jun-2023 12:38:16.815)

INFOWARE TERMINAL
09-Jun-2023 12:38:16.000

Breaking News! Unusual Volume Alert (09-Jun-2023 12:08:16.637)

INFOWARE TERMINAL
09-Jun-2023 12:08:16.000

Breaking News! Bulls Momentum Alert (09-Jun-2023 12:08:16.092)

INFOWARE TERMINAL
09-Jun-2023 12:08:16.000

Breaking News! Bears Momentum Alert (09-Jun-2023 12:08:15.909)

INFOWARE TERMINAL
09-Jun-2023 12:08:15.000

Breaking News! Unusual Volume Alert (09-Jun-2023 11:38:17.004)

INFOWARE TERMINAL
09-Jun-2023 11:38:17.000

Breaking News! Bulls Momentum Alert (09-Jun-2023 11:38:16.390)

INFOWARE TERMINAL
09-Jun-2023 11:38:16.000

Breaking News! Unusual Volume Alert (09-Jun-2023 11:08:16.594)

INFOWARE TERMINAL
09-Jun-2023 11:08:16.000

Breaking News! Bears Momentum Alert (09-Jun-2023 11:08:15.853)

INFOWARE TERMINAL
09-Jun-2023 11:08:15.000

Breaking News! Unusual Volume Alert (09-Jun-2023 10:38:16.592)

INFOWARE TERMINAL
09-Jun-2023 10:38:16.000

Breaking News! Bulls Momentum Alert (09-Jun-2023 10:38:15.893)

INFOWARE TERMINAL
09-Jun-2023 10:38:15.000

Daily Business News Highlights

SAMTL
09-Jun-2023 10:04:50.000

Breaking News! Unusual Volume Alert (09-Jun-2023 10:08:17.809)

INFOWARE TERMINAL
09-Jun-2023 10:08:17.000

Breaking News! Bulls Momentum Alert (09-Jun-2023 10:08:15.930)

INFOWARE TERMINAL
09-Jun-2023 10:08:15.000

Breaking News! Bears Momentum Alert (09-Jun-2023 10:08:15.721)

INFOWARE TERMINAL
09-Jun-2023 10:08:15.000

MORNING FLASH - NEWS HEADLINES ....Total Energies commits to renewable assets, shareholders okay N7.13b dividend

SECURITIES AFRICA NIGERIA RESEARCH
09-Jun-2023 09:14:00.000

Media Highlights 09-06-2023

CARDINALSTONE RESEARCH
09-Jun-2023 08:59:01.000

Daily Business News Brief

GLOBALVIEW CAPITAL LIMITED
09-Jun-2023 08:45:03.000

Nigeria Daily Market Report | Local Bourse Extends Bearish Performance ASI down 12bps

AFRINVEST RESEARCH
08-Jun-2023 18:42:13.000

MARKET SUMMARY - JUNE 08, 2023...NGX ASI LOSE -0.12%; 6 STOCKS GAINED MAXIMUM +10.00%, ETERNA STILL INVISIBLE, RETURNS +39.25 IN 4 DAYS.....

SECURITIES AFRICA NIGERIA RESEARCH
08-Jun-2023 17:53:54.000
Get IDIA - the stock trading app for the modern investor
Company
Contacts
  • 8th Floor,
  • South Atlantic Petroleum Towers,
  • 1 Adeola Odeku Street,
  • Victoria Island,
  • Lagos, Nigeria.

  • Email: solutions@infowarelimited.com
Follow Us
 
facebook twitter skype youtube
Market data may be delayed up to 15 minutes