Before it's here, it's on InfoWARE Market Data Terminal; Years of Fundamentals, Analytics and more... INTBREW 10.00  THOMASWY 9.95  CHAMS 9.86  CHAMPION 9.83  JOHNHOLT 9.66  MCNICHOLS 9.52  ACADEMY 9.29  VERITASKAP 8.99  LASACO 6.93  CORNERST 6.50  VSPBONDETF -49.12  MERGROWTH -10.00  MERVALUE -10.00  MULTIVERSE -9.68  VETGOODS -8.00  RTBRISCOE -7.46  SUNUASSUR -6.25  NEM -5.95  FIDELITYBK -4.81  INTENEGINS -3.80 
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InfoWARE Analyst Daily Market Report (30-May-2023 16:03:42.366)
(Source: InfoWARE Terminal, Date: 30-May-2023)
Dear Investor,
InfoWARE Analyst Daily Market Report - 30-May-2023 16:03:42.364

The Nigerian equities market recorded another up day, as the NGX All-Share Index (NGXASI) closed the day up by 5.23%, to bring the Year-to-Date returns up 8.04%. The All Share Index closed at 55,745.74 against the previous close of 52,973.88, volume traded increased by 133.49% from 461.78M to 1.08B, while market turnover (the total value of shares traded) increased by 106.07% from NGN7.67B to NGN15.80B in 9,916.00 deals.
Market breadth (6.38x) signified Eighty-three (83) advancers, as against Thirteen (13) decliners. Volume was up for 108 companies and down for 38


DEAP CAPITAL MANAGEMENT & TRUST PLC (DEAPCAP) topped the advancers list closing at N0.22 with a gain of 10.00% followed by ETERNA PLC. (ETERNA) which closed at N7.70 with a gain of 10.00%.

On the flip side IKEJA HOTEL PLC (Ikejahotel) and NCR (NIGERIA) PLC. (NCR) topped the decliners log with a loss of -10.00% at a close of N2.16, and -9.80% to close the day at N2.76 respectively.

Top Gainers
SymbolLClose%Chg
DEAPCAP0.2210.00
ETERNA7.7010.00
FCMB4.6210.00
JAIZBANK1.1010.00
NB42.3510.00
Top Losers
SymbolLClose%Chg
Ikejahotel2.16-10.00
NCR2.76-9.80
TANTALIZER0.23-8.00
INTENEGINS1.20-6.98
CHIPLC0.57-6.56

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 0.16%(0.75) against the Dollar to settle at 460.75 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
CWG1.688.931.670.000.002.614.24B793.59K12.001.25M30-May-2023 14:30:14.823
NEIMETH1.528.551.4584.280.025.046.50B189.07K8.00285.00K30-May-2023 14:30:16.400
ETI13.058.0512.332.355.105.25239.46B1.65M56.0021.46M30-May-2023 14:30:15.110
WEMABANK4.358.054.12100.890.047.5055.93B4.26M110.0018.05M30-May-2023 14:30:41.290
UNITYBNK0.537.550.509.870.0510.206.20B8.26M34.004.26M30-May-2023 14:30:18.723
NGXINDUSTR2,492.785.732,380.3939.9018.970.000.0023.03M669.001.29B30-May-2023 14:30:26.930
OANDO5.905.085.762.212.5312.5073.35B15.66M185.0093.60M30-May-2023 14:30:16.710
PRESCO153.804.42148.5255.432.651.36153.80B3.37M173.00514.41M30-May-2023 14:30:16.890
BUACEMENT92.004.3590.520.000.002.953,115.52B1.21M86.00107.06M30-May-2023 14:30:14.313
MAYBAKER4.203.104.1829.990.147.377.25B665.47K33.002.84M30-May-2023 14:30:16.037


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
JBERGER29.000.0030.293.0610.317.9446.40B155.61K42.004.71M30-May-2023 14:30:15.803
MCNICHOLS0.70-4.290.7226.800.055.88503.12M745.00K13.00516.75K30-May-2023 14:30:44.360
REDSTAREX2.75-5.452.873.900.742.592.62B588.00K14.001.71M30-May-2023 14:30:17.080


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
ACCESSCORPAccess Holdings PLC199.62M70.22M184.2812.3511.408.339632.45B
FBNHFBN HOLDINGS PLC127.94M12.07M959.7114.8013.856.862131.75B
UBAUNITED BANK FOR AFRICA PLC81.99M29.62M176.8410.209.309.68542831.47M
GTCOGUARANTY TRUST HOLDING COMPANY PLC76.38M16.86M353.0029.4027.506.917282.18B
ZENITHBANKZENITH INTERNATIONAL BANK PLC66.13M20.70M219.5029.7027.0010.007091.92B


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,



African Markets
NameLCloseChange%Chg
BRVM Stock Exchange199.590.720.36
Egyptian Exchange17,326.27-317.59-1.80
Johannesburg Stock Exchange77,776.88-793.56-1.01
Nairobi Securities Exchange102.09-1.51-1.46
Namibian Stock Exchange1,563.01-8.96-0.57
Tunis Stock Exchange8,390.0516.750.20
Nigeria Market Indexes
SymbolLClose%ChgWTD%MTD%QTD%YTD%MktCapTrades
ASI55,745.745.230.006.592.878.0430,349.87B9,916
NGX302,022.385.580.007.234.689.0728,780.72B6,930
NGXAFRBVI1,283.167.850.0024.1318.7526.753,138.01B3,070
NGXAFRHDYI4,488.298.530.0020.4324.6334.137,958.20B2,982
NGXASEM659.420.000.000.000.000.001.36B0
NGXBNK536.648.200.0019.1118.7825.282,507.96B2,794
NGXCG1,558.127.110.0017.8414.3120.794,878.60B6,401
NGXCNSMRGDS830.786.480.0012.5018.5936.174,657.04B1,398
NGXGROWTH2,514.40-0.140.00-10.18-10.1841.9715.54B13
NGXINDUSTR2,492.786.080.001.951.483.738,602.83B669
NGXINS214.432.290.0014.8620.4319.92148.22B564
NGXLOTUSISLM3,701.466.420.008.014.9612.994,212.40B1,358
NGXMAINBOARD2,411.473.690.003.35-1.062.6816,904.80B6,642
NGXMERIGRW2,912.306.580.0019.6624.0225.441,910.21B1,813
NGXMERIVAL2,978.008.540.0019.6719.9526.761,357.98B3,784
NGXOILGAS586.414.040.0015.5415.1626.82974.72B283
NGXPENSION2,247.236.380.0017.5318.0324.128,706.25B7,634
NGXPREMIUM5,824.917.250.0011.5010.3323.0213,422.16B3,261
NGXSOVBND773.470.000.00-4.83-3.57-5.48865.17B0

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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