InfoWARE Analyst Daily Market Report (07-Jun-2023 15:12:36.608)

InfoWARE Analyst Daily Market Report (07-Jun-2023 15:12:36.608)
(Source: InfoWARE Terminal, Date: 07-Jun-2023)

Dear Investor,

InfoWARE Analyst Daily Market Report - 07-Jun-2023 15:12:36.606

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 8.59%. The All Share Index closed at 56,025.56 against the previous close of 56,038.85, volume traded increased by 23.30% from 322.49M to 397.62M, while market turnover (the total value of shares traded) increased by 12.24% from NGN5.82B to NGN6.54B in 5,613.00 deals.
Market breadth (2.09x) signified Forty-six (46) advancers, as against Twenty-two (22) decliners. Volume was up for 74 companies and down for 80

HONEYWELL FLOUR MILL PLC (HONYFLOUR) topped the advancers list closing at N3.45 with a gain of 9.87% followed by ETERNA PLC. (ETERNA) which closed at N12.25 with a gain of 9.87%.

On the flip side NEWGOLD EXCHANGE TRADED FUND (ETF) (NEWGOLD) and STANBIC IBTC ETF 30 (STANBICETF30) topped the decliners log with a loss of -14.12% at a close of N14,600.00, and -10.00% to close the day at N237.95 respectively.

Top Gainers

Symbol	LClose	%Chg
HONYFLOUR	3.45	9.87
ETERNA	12.25	9.87
FTNCOCOA	0.78	9.86
CORNERST	1.01	9.78
WAPIC	0.46	9.52

Top Losers

Symbol	LClose	%Chg
NEWGOLD	14,600.00	-14.12
STANBICETF30	237.95	-10.00
UBN	7.20	-8.86
FLOURMILL	33.10	-4.20
NGXGROUP	28.00	-3.11

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 0.34%(-1.55) against the Dollar to settle at 462.97 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
WAPIC	0.46	8.70	0.45	26.04	0.02	7.14	11.04B	2.83M	47.00	1.28M	07-Jun-2023 14:30:15.887
CUTIX	2.49	5.22	2.44	9.27	0.26	4.13	8.77B	762.90K	15.00	1.88M	07-Jun-2023 14:30:14.350
MCNICHOLS	0.72	4.17	0.70	26.80	0.05	5.88	517.49M	220.20K	6.00	157.69K	07-Jun-2023 14:30:31.450
OANDO	5.79	1.55	5.76	2.25	2.53	12.28	71.98B	5.22M	109.00	29.91M	07-Jun-2023 14:30:15.293
FG132036S2	88.67	0.91	87.92			0.00	82.12B	206.00	1.00	182.66K	07-Jun-2023 14:30:17.360

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
UACN	9.15	0.00	9.16	4.20	2.35	6.60	26.77B	69.94K	22.00	644.00K	07-Jun-2023 14:30:15.700
GTCO	27.80	-0.18	27.84	3.96	7.10	9.96	818.19B	43.03M	315.00	1.20B	07-Jun-2023 14:30:28.447
FBNH	13.50	-0.74	13.60	5.86	2.33	2.56	484.59B	12.30M	228.00	166.78M	07-Jun-2023 14:30:29.453
UBN	7.20	-9.72	7.25	10.62	0.74	3.16	209.67B	349.72K	31.00	2.54M	07-Jun-2023 14:30:15.717
STANBICETF30	237.95	-11.11	261.49			0.00	0.00	12.77K	17.00	3.61M	07-Jun-2023 14:30:29.257
NEWGOLD	14,600.00	-16.44	14,907.93	0.00	0.00	0.00	0.00	13.00	4.00	193.67K	07-Jun-2023 14:30:29.200

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
NPFMCRFBK	NPF MICROFINANCE BANK PLC	100.76M	1.07M	9,307.58	1.80	1.80	0.00	36	181.37M
GTCO	GUARANTY TRUST HOLDING COMPANY PLC	43.03M	18.87M	128.04	27.80	27.85	-0.18	315	1.20B
JAPAULGOLD	JAPAUL GOLD & VENTURES PLC	27.84M	4.75M	486.57	0.40	0.40	0.00	182	11.54M
HONYFLOUR	HONEYWELL FLOUR MILL PLC	15.30M	1.36M	1,025.22	3.45	3.14	9.87	114	51.02M
FTNCOCOA	FTN COCOA PROCESSORS PLC	9.94M	3.18M	212.49	0.78	0.71	9.86	75	7.63M

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
SOVRENINS	7.69	13.63	0.03	0.82	42.86	8.59	0.18
JAPAULGOLD	5.41	0.03	12.01	0.76	48.15	8.59	0.24
ZENITHBANK	10.38	2.10	13.30	0.69	16.46	8.59	0.31
UBA	9.52	2.33	4.05	0.69	15.06	8.59	0.31
CORNERST	5.56	2.56	0.35	0.67	68.33	8.59	0.33
DANGSUGAR	7.32	6.70	3.06	0.64	29.60	8.59	0.36
RTBRISCOE	27.03	0.00	0.00	0.64	21.43	8.59	0.36
ACCESSCORP	10.36	4.46	2.81	0.62	44.89	8.59	0.38
ETI	4.05	2.47	5.10	0.62	18.87	8.59	0.38
NGXGROUP	0.00	0.00	0.00	0.62	12.68	8.59	0.38

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"

African Markets

Name	LClose	Change	%Chg
BRVM Stock Exchange	195.60	0.57	0.29
Egyptian Exchange	17,491.18	34.91	0.20
Lusaka Stock Exchange	8,188.98	-45.29	-0.55
Casablanca Stock Exchange	11,051.91	-99.25	-0.89
Nairobi Securities Exchange	106.09	0.99	0.94
Tunis Stock Exchange	8,825.91	12.34	0.14

Nigeria Market Indexes

Symbol	LClose	%Chg	WTD%	MTD%	QTD%	YTD%	MktCap	Trades
ASI	56,025.56	-0.02	0.39	0.39	3.39	8.59	30,505.68B	5,613
NGX30	2,023.91	0.01	0.32	0.10	4.76	9.15	28,802.46B	3,256
NGXAFRBVI	1,255.96	0.56	0.71	-0.76	16.24	24.06	3,071.49B	1,217
NGXAFRHDYI	4,330.81	0.48	0.17	-1.52	20.26	29.43	7,678.98B	1,289
NGXASEM	659.42	0.00	0.00	0.00	0.00	0.00	1.36B	0
NGXBNK	520.07	-0.25	-0.30	-1.58	15.12	21.42	2,430.49B	1,288
NGXCG	1,526.55	0.14	0.20	-0.62	11.99	18.34	4,780.69B	3,230
NGXCNSMRGDS	848.95	-0.01	0.21	0.36	21.19	39.15	4,758.85B	731
NGXGROWTH	2,500.35	0.14	-0.51	-0.51	-10.68	41.18	15.45B	8
NGXINDUSTR	2,485.04	-0.02	-0.05	-0.12	1.16	3.40	8,576.14B	331
NGXINS	223.95	3.61	4.20	5.97	25.78	25.24	154.81B	357
NGXLOTUSISLM	3,762.57	0.03	0.23	-0.11	6.70	14.85	4,281.93B	838
NGXMAINBOARD	2,452.35	-0.09	0.69	1.07	0.61	4.42	17,194.90B	4,125
NGXMERIGRW	2,882.28	-0.13	0.28	-0.15	22.75	24.15	1,887.98B	999
NGXMERIVAL	2,883.46	0.75	0.28	-0.76	16.14	22.74	1,314.74B	1,701
NGXOILGAS	647.71	0.42	1.45	6.27	27.20	40.08	1,076.62B	353
NGXPENSION	2,213.38	0.15	0.22	-0.54	16.25	22.26	8,573.04B	3,633
NGXPREMIUM	5,766.67	0.06	0.01	-0.47	9.23	21.79	13,287.95B	1,480
NGXSOVBND	761.85	0.06	0.06	-1.50	-5.02	-6.90	852.17B	1

For more detailed analysis,

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