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InfoWARE Analyst Daily Market Report (16-Nov-2023 15:13:16.864)
(Source: InfoWARE Terminal, Date: 16-Nov-2023)
Dear Investor,
InfoWARE Analyst Daily Market Report - 16-Nov-2023 15:13:16.862

The Nigerian equities market recorded another up day, as the NGX All-Share Index (NGXASI) closed the day up by 0.02%, to bring the Year-to-Date returns up 37.66%. The All Share Index closed at 71,025.16 against the previous close of 71,014.34, volume traded increased by 63.03% from 296.75M to 483.79M, while market turnover (the total value of shares traded) decreased by -28.91% from NGN6.16B to NGN4.38B in 6,513.00 deals.
Market breadth (0.88x) signified Thirty-eight (38) advancers, as against Forty-three (43) decliners. Volume was up for 84 companies and down for 79


DEAP CAPITAL MANAGEMENT & TRUST PLC (DEAPCAP) topped the advancers list closing at N0.44 with a gain of 10.00% followed by SECURE ELECTRONIC TECHNOLOGY PLC (NSLTECH) which closed at N0.33 with a gain of 10.00%.

On the flip side ASSOCIATED BUS COMPANY PLC (ABCTRANS) and E-TRANZACT INTERNATIONAL PLC (ETRANZACT) topped the decliners log with a loss of -10.00% at a close of N0.90, and -9.93% to close the day at N6.80 respectively.

Top Gainers
SymbolLClose%Chg
DEAPCAP0.4410.00
NSLTECH0.3310.00
STANBICETF30605.0010.00
CILEASING4.539.95
NNFM21.759.85
Top Losers
SymbolLClose%Chg
ABCTRANS0.90-10.00
ETRANZACT6.80-9.93
VETBANK7.80-9.93
THOMASWY3.46-8.95
GUINEAINS0.22-8.33

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 1.20%(-9.54) sharply against the Dollar to settle at 803.42 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
FGSUK2031S4110.0013.6496.260.000.0060.003.0063.02K16-Nov-2023 14:30:14.680
AIICO0.755.330.721.200.604.1727.45B7.81M82.005.74M16-Nov-2023 14:30:07.147


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
PRESCO188.000.00188.0771.652.653.58188.00B27.34K29.005.14M16-Nov-2023 14:30:10.923
ZENITHBANK33.50-0.7533.582.5013.301.501,051.78B10.43M335.00350.35M16-Nov-2023 14:30:25.893
NAHCO24.50-1.8424.8858.490.415.0047.75B1.05M73.0025.61M16-Nov-2023 14:30:25.317
LIVESTOCK1.83-2.191.840.000.005.325.49B3.66M32.006.82M16-Nov-2023 14:30:08.863
BERGER13.00-3.0813.3911.121.225.153.77B1.14M30.0015.13M16-Nov-2023 14:30:07.237
MANSARD4.40-3.864.4518.950.246.6739.60B1.86M62.008.30M16-Nov-2023 14:30:08.887
CWG7.95-4.288.290.000.000.4820.07B1.16M26.009.13M16-Nov-2023 14:30:07.730
NEIMETH1.59-6.291.6695.200.024.466.79B879.79K15.001.41M16-Nov-2023 14:30:09.220
FTNCOCOA1.71-6.431.760.000.001.626.67B3.13M39.005.34M16-Nov-2023 14:30:08.173
ELLAHLAKES3.50-8.573.620.000.000.007.00B821.78K37.002.82M16-Nov-2023 14:30:07.970


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
REGALINSREGENCY ALLIANCE INSURANCE COMPANY PLC104.34M1.13M9,168.780.350.36-2.78736.49M
OANDOOANDO PLC55.28M20.39M171.1111.7011.551.30902676.64M
UNITYBNKUNITY BANK PLC21.35M5.54M285.301.070.989.188722.84M
VERITASKAPVERITAS KAPITAL ASSURANCE PLC13.29M3.35M296.710.270.270.00333.69M
DAARCOMMDAAR COMMUNICATIONS PLC7.22M1.26M471.130.240.229.09351.72M


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,



Top ASI Gainers Over Last 5 Trading Days
SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
GREENWETF734.9446.990.0046.99-2.0156.40634.94
CILEASING4.1232.849.9532.8434.8229.4341.56
OMATEK0.7731.259.0931.2568.0095.35320.00
DEAPCAP0.4029.4110.0029.4176.0062.96120.00
MECURE5.2120.880.0020.8876.0176.0176.01
NNFM19.8020.839.8520.838.7542.62253.66
MEYER3.2720.660.0020.6619.347.5744.05
NSLTECH0.3017.8610.0017.8617.8626.9250.00
STANBICETF30550.0016.3510.0016.3531.5279.26146.94
MULTIVERSE3.1913.793.4513.793.1311.86-17.09
Top ASI Losers Over Last 5 Trading Days
SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
ETRANZACT7.55-9.93-9.93-9.93-19.05-27.6694.29
REDSTAREX2.96-9.760.00-9.76-10.3011.7030.97
GUINEAINS0.24-8.33-8.33-8.33-8.330.0010.00
MBENEFIT0.48-7.690.00-7.690.0011.6371.43
FTNCOCOA1.82-6.56-6.04-6.56-0.583.01470.00
THOMASWY3.80-6.49-8.95-6.49-14.3677.44256.70
CAVERTON1.39-6.21-2.16-6.21-4.90-0.7334.65
LEARNAFRCA2.98-6.04-6.04-6.04-6.98-15.1527.27
SOVRENINS0.31-5.883.23-5.880.00-15.7914.29
ETERNA13.90-5.78-6.12-5.78-10.00-13.0096.24

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 Exchange208.590.400.19
Botswana Stock Exchange8,741.6528.750.33
Egyptian Exchange20,002.10347.881.77
Ghana Stock Exchange3,141.18-0.63-0.02
Johannesburg Stock Exchange73,849.537.380.01
Lusaka Stock Exchange9,523.07108.271.15
Casablanca Stock Exchange12,278.5653.790.44
Malawi Stock Exchange115,209.51-80.70-0.07
Nigeria Stock Exchange67,100.49113.880.17
Nairobi Securities Exchange93.00-0.60-0.64
Namibian Stock Exchange1,593.55-4.96-0.31
Rwanda Stock Exchange143.69-0.07-0.05
Tunis Stock Exchange8,458.97-14.40-0.17
Uganda Securities Exchange923.89-1.30-0.14
Nigeria Market Indexes
SymbolLClose%ChgWTD%MTD%QTD%YTD%MktCapTrades
ASI71,025.160.020.540.636.3737.666,513
NGX302,606.390.020.420.396.1140.563,027
NGXAFRBVI1,776.78-0.280.62-1.186.9675.501,271
NGXAFRHDYI7,188.01-0.240.240.758.86114.821,353
NGXASEM658.990.000.000.000.00-0.070
NGXBNK728.16-0.35-0.42-0.568.9670.001,450
NGXCG1,947.070.010.160.004.5750.943,129
NGXCNSMRGDS1,153.370.310.330.502.2789.04799
NGXGROWTH3,731.240.0414.3134.1934.61110.6762
NGXINDUSTR2,815.400.002.20-0.762.1217.15243
NGXINS289.640.17-0.400.284.2361.98424
NGXLOTUSISLM4,499.20-0.050.350.893.8437.34705
NGXMAINBOARD3,349.350.030.941.4711.8442.615,030
NGXMERIGRW4,131.43-0.18-0.19-2.09-2.9877.95786
NGXMERIVAL4,344.15-0.31-0.720.219.9484.911,738
NGXOILGAS952.79-0.18-1.071.814.24106.06115
NGXPENBRD1,241.350.010.610.646.3220.274,577
NGXPENSION3,026.340.120.760.305.7267.163,433
NGXPREMIUM6,679.89-0.010.12-0.48-0.8441.081,421
NGXSOVBND748.010.00-0.27-2.51-2.82-8.591

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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