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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
SymbolLClose%Chg
HONYFLOUR3.459.87
ETERNA12.259.87
FTNCOCOA0.789.86
CORNERST1.019.78
WAPIC0.469.52
Top Losers
SymbolLClose%Chg
NEWGOLD14,600.00-14.12
STANBICETF30237.95-10.00
UBN7.20-8.86
FLOURMILL33.10-4.20
NGXGROUP28.00-3.11

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"
SymbolPrice%Chg15DMAPEEPSDivYMktCapVolTradesValueLstTradeTime
WAPIC0.468.700.4526.040.027.1411.04B2.83M47.001.28M07-Jun-2023 14:30:15.887
CUTIX2.495.222.449.270.264.138.77B762.90K15.001.88M07-Jun-2023 14:30:14.350
MCNICHOLS0.724.170.7026.800.055.88517.49M220.20K6.00157.69K07-Jun-2023 14:30:31.450
OANDO5.791.555.762.252.5312.2871.98B5.22M109.0029.91M07-Jun-2023 14:30:15.293
FG132036S288.670.9187.920.0082.12B206.001.00182.66K07-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,

SymbolPrice%Chg15DMAPEEPSDivYMktCapVolTradesValueLstTradeTime
UACN9.150.009.164.202.356.6026.77B69.94K22.00644.00K07-Jun-2023 14:30:15.700
GTCO27.80-0.1827.843.967.109.96818.19B43.03M315.001.20B07-Jun-2023 14:30:28.447
FBNH13.50-0.7413.605.862.332.56484.59B12.30M228.00166.78M07-Jun-2023 14:30:29.453
UBN7.20-9.727.2510.620.743.16209.67B349.72K31.002.54M07-Jun-2023 14:30:15.717
STANBICETF30237.95-11.11261.490.000.0012.77K17.003.61M07-Jun-2023 14:30:29.257
NEWGOLD14,600.00-16.4414,907.930.000.000.000.0013.004.00193.67K07-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

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
NPFMCRFBKNPF MICROFINANCE BANK PLC100.76M1.07M9,307.581.801.800.0036181.37M
GTCOGUARANTY TRUST HOLDING COMPANY PLC43.03M18.87M128.0427.8027.85-0.183151.20B
JAPAULGOLDJAPAUL GOLD & VENTURES PLC27.84M4.75M486.570.400.400.0018211.54M
HONYFLOURHONEYWELL FLOUR MILL PLC15.30M1.36M1,025.223.453.149.8711451.02M
FTNCOCOAFTN COCOA PROCESSORS PLC9.94M3.18M212.490.780.719.86757.63M


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.

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
SOVRENINS7.6913.630.030.8242.868.590.18
JAPAULGOLD5.410.0312.010.7648.158.590.24
ZENITHBANK10.382.1013.300.6916.468.590.31
UBA9.522.334.050.6915.068.590.31
CORNERST5.562.560.350.6768.338.590.33
DANGSUGAR7.326.703.060.6429.608.590.36
RTBRISCOE27.030.000.000.6421.438.590.36
ACCESSCORP10.364.462.810.6244.898.590.38
ETI4.052.475.100.6218.878.590.38
NGXGROUP0.000.000.000.6212.688.590.38


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

OPEC Basket Price Vs ASI (365 Day Chart)

For more detailed analysis,


African Markets
NameLCloseChange%Chg
BRVM Stock Exchange195.600.570.29
Egyptian Exchange17,491.1834.910.20
Lusaka Stock Exchange8,188.98-45.29-0.55
Casablanca Stock Exchange11,051.91-99.25-0.89
Nairobi Securities Exchange106.090.990.94
Tunis Stock Exchange8,825.9112.340.14
Nigeria Market Indexes
SymbolLClose%ChgWTD%MTD%QTD%YTD%MktCapTrades
ASI56,025.56-0.020.390.393.398.5930,505.68B5,613
NGX302,023.910.010.320.104.769.1528,802.46B3,256
NGXAFRBVI1,255.960.560.71-0.7616.2424.063,071.49B1,217
NGXAFRHDYI4,330.810.480.17-1.5220.2629.437,678.98B1,289
NGXASEM659.420.000.000.000.000.001.36B0
NGXBNK520.07-0.25-0.30-1.5815.1221.422,430.49B1,288
NGXCG1,526.550.140.20-0.6211.9918.344,780.69B3,230
NGXCNSMRGDS848.95-0.010.210.3621.1939.154,758.85B731
NGXGROWTH2,500.350.14-0.51-0.51-10.6841.1815.45B8
NGXINDUSTR2,485.04-0.02-0.05-0.121.163.408,576.14B331
NGXINS223.953.614.205.9725.7825.24154.81B357
NGXLOTUSISLM3,762.570.030.23-0.116.7014.854,281.93B838
NGXMAINBOARD2,452.35-0.090.691.070.614.4217,194.90B4,125
NGXMERIGRW2,882.28-0.130.28-0.1522.7524.151,887.98B999
NGXMERIVAL2,883.460.750.28-0.7616.1422.741,314.74B1,701
NGXOILGAS647.710.421.456.2727.2040.081,076.62B353
NGXPENSION2,213.380.150.22-0.5416.2522.268,573.04B3,633
NGXPREMIUM5,766.670.060.01-0.479.2321.7913,287.95B1,480
NGXSOVBND761.850.060.06-1.50-5.02-6.90852.17B1

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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