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InfoWARE Analyst Daily Market Report (01-Jun-2023 15:08:32.164)
(Source: InfoWARE Terminal, Date: 01-Jun-2023)
Dear Investor,
InfoWARE Analyst Daily Market Report - 01-Jun-2023 15:08:32.162

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
FTNCOCOAFTN COCOA PROCESSORS PLC37.32M1.43M2,505.700.730.81-9.8820629.67M
STERLINGNGSTERLING FINANCIAL HOLDINGS COMPANY PLC25.16M8.84M184.602.252.059.7614455.49M
JAIZBANKJAIZ BANK PLC13.59M2.33M484.201.311.218.2614116.69M
VERITASKAPVERITAS KAPITAL ASSURANCE PLC12.77M1.64M679.260.220.220.00352.85M
DANGSUGARDANGOTE SUGAR REFINERY PLC6.40M2.84M125.2520.5520.500.24201131.33M


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
ASI55,808.250.070.110.002.998.1630,387.93B7,725
NGX302,021.930.05-0.020.004.669.0428,774.31B5,149
NGXAFRBVI1,265.570.51-1.370.0017.1325.013,094.99B2,389
NGXAFRHDYI4,397.601.01-2.020.0022.1231.427,797.40B2,389
NGXASEM659.420.000.000.000.000.001.36B0
NGXBNK528.440.95-1.530.0016.9723.372,469.64B2,378
NGXCG1,536.03-0.04-1.420.0012.6819.084,810.38B4,843
NGXCNSMRGDS845.88-0.261.820.0020.7538.644,741.66B985
NGXGROWTH2,513.24-0.37-0.050.00-10.2241.9015.53B24
NGXINDUSTR2,488.020.00-0.190.001.293.538,586.43B459
NGXINS211.341.11-1.440.0018.7018.19146.09B378
NGXLOTUSISLM3,766.620.791.760.006.8114.984,286.54B1,134
NGXMAINBOARD2,426.500.290.620.00-0.453.3217,014.22B5,085
NGXMERIGRW2,886.490.02-0.890.0022.9324.331,893.29B1,280
NGXMERIVAL2,905.580.34-2.430.0017.0323.681,324.95B2,884
NGXOILGAS609.522.273.940.0019.7031.821,013.14B403
NGXPENSION2,225.440.11-0.970.0016.8822.928,621.84B5,746
NGXPREMIUM5,793.95-0.21-0.530.009.7522.3713,350.81B2,616
NGXSOVBND773.470.000.000.00-3.57-5.48865.17B0

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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