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InfoWARE Analyst Daily Market Report (07-Dec-2023 15:14:18.602)
(Source: InfoWARE Terminal, Date: 07-Dec-2023)
Dear Investor,
InfoWARE Analyst Daily Market Report - 07-Dec-2023 15:14:18.600

The Nigerian equities market recorded another down day, as the NGX All-Share Index (NGXASI) closed the day down by -0.49%, to bring the Year-to-Date returns up 38.50%. The All Share Index closed at 71,457.92 against the previous close of 71,808.64, volume traded decreased by -36.46% from 675.87M to 429.47M, while market turnover (the total value of shares traded) decreased by -41.07% from NGN12.07B to NGN7.11B in 6,973.00 deals.
Market breadth (0.66x) signified Thirty-one (31) advancers, as against Forty-seven (47) decliners. Volume was up for 65 companies and down for 91


NEWGOLD EXCHANGE TRADED FUND (ETF) (NEWGOLD) topped the advancers list closing at N13,500.02 with a gain of 11.88% followed by MULTIVERSE PLC (MULTIVERSE) which closed at N8.54 with a gain of 9.91%.

On the flip side LOTUS HALAL EQUITY ETF (LOTUSHAL15) and FBN HOLDINGS PLC (FBNH) topped the decliners log with a loss of -10.00% at a close of N22.50, and -9.86% to close the day at N26.50 respectively.

Top Gainers
SymbolLClose%Chg
NEWGOLD13,500.0211.88
MULTIVERSE8.549.91
MANSARD4.509.76
SCOA1.359.76
TIP1.159.52
Top Losers
SymbolLClose%Chg
LOTUSHAL1522.50-10.00
FBNH26.50-9.86
NSLTECH0.75-9.64
DEAPCAP0.67-9.46
CHAMPION3.30-7.04

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
NPFMCRFBK2.137.982.017.890.274.7612.76B852.46K29.001.76M07-Dec-2023 14:30:11.417
UNIVINSURE0.277.410.260.000.000.004.32B52.73M87.0013.50M07-Dec-2023 14:30:12.127
INTBREW4.505.334.360.000.005.56120.88B916.69K29.004.04M07-Dec-2023 14:30:10.490
NAHCO25.004.8024.1358.490.415.0048.73B1.88M92.0044.51M07-Dec-2023 14:30:11.110
AFRIPRUD6.601.526.5411.070.617.4613.20B1.05M51.006.86M07-Dec-2023 14:30:07.630


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
NGXAFRHDYI7,160.40-0.727,178.467.4639.300.000.0095.79M1,746.002.69B07-Dec-2023 14:30:15.523
FCMB6.90-0.726.9276.180.093.85136.64B14.98M151.00104.32M07-Dec-2023 14:30:22.310
CUTIX2.25-1.782.288.500.265.417.93B1.51M31.003.35M07-Dec-2023 14:30:09.653
CUSTODIAN7.50-2.677.552.133.292.1444.11B1.24M24.009.45M07-Dec-2023 14:30:09.640
FLOURMILL31.00-2.9031.7733.310.986.92127.11B1.10M46.0034.08M07-Dec-2023 14:30:10.060
ROYALEX0.61-3.280.620.000.0010.203.14B2.44M23.001.50M07-Dec-2023 14:30:11.653
UNITYBNK1.48-4.051.5420.150.055.0017.30B5.14M62.007.73M07-Dec-2023 14:30:22.340
CONHALLPLC1.10-4.551.132.9711.78B2.86M28.003.23M07-Dec-2023 14:30:09.590
FGSUK2027S385.07-5.7987.370.000.004.60K2.003.92M07-Dec-2023 14:30:14.833
JAIZBANK1.51-5.961.5853.630.033.2352.16B3.75M102.005.87M07-Dec-2023 14:30:10.527
CHAMPION3.30-7.583.44385.030.010.4425.84B284.43K17.00934.01K07-Dec-2023 14:30:08.377
LOTUSHAL1522.50-11.1122.940.000.006.82K11.00175.42K07-Dec-2023 14:30:22.477


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
VERITASKAPVERITAS KAPITAL ASSURANCE PLC44.57M9.85M352.540.360.345.889015.32M
NBNIGERIAN BREW. PLC.37.46M1.86M1,911.7037.1037.050.131121.39B
ZENITHBANKZENITH INTERNATIONAL BANK PLC31.62M14.35M120.3735.2536.10-2.354951.12B
STERLINGNGSTERLING FINANCIAL HOLDINGS COMPANY PLC19.30M9.35M106.473.903.831.8315377.23M
NIDFCHAPEL HILL DENHAM NIG. INFRAS DEBT FUND3.98M479.86K730.01108.30108.40-0.0935431.48M


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
THOMASWY3.3261.170.0020.7332.8070.26242.27
MULTIVERSE7.7742.819.9132.8142.81189.49114.57
INFINITY1.4720.159.5220.1520.1531.9726.77
NNFM42.4517.920.009.6917.92178.36590.24
NSLTECH0.8317.19-9.647.1417.19188.46240.91
CAVERTON1.5514.183.874.5514.1817.5259.41
DAARCOMM0.3412.902.942.9412.9052.1775.00
NEIMETH2.1112.30-0.472.4412.3025.0046.85
ACCESSCORP21.1010.80-5.219.8910.8024.61127.27
ETI18.9010.530.0010.5310.5318.1378.30
Top ASI Losers Over Last 5 Trading Days
SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
GREENWETF1,999.00-28.00-4.950.58-28.00304.341,800.00
OANDO10.45-17.60-1.44-10.82-12.7119.77165.46
CONHALLPLC1.15-12.70-4.35-12.70-12.70-12.0064.18
ABBEYBDS1.54-10.470.00-10.47-10.47-23.00-9.41
CHAMS1.95-9.720.00-4.41-1.5248.86712.50
TANTALIZER0.50-9.62-6.00-9.62-9.6262.07135.00
NB37.05-8.400.140.140.14-4.87-9.51
GTCO39.70-8.24-1.76-0.51-0.2610.8067.74
FCMB6.95-8.00-0.720.000.7315.0096.58
CWG6.66-7.500.000.00-7.50-14.51623.91

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
ASI71,457.92-0.490.720.057.0238.506,973
NGX302,627.62-0.500.710.106.9741.714,377
NGXAFRBVI1,884.33-2.162.933.0613.4386.131,982
NGXAFRHDYI7,160.40-0.720.420.218.44113.991,746
NGXASEM658.990.000.000.000.00-0.070
NGXBNK789.87-2.014.394.4018.2084.402,326
NGXCG2,084.03-2.152.453.4411.9261.564,160
NGXCNSMRGDS1,141.690.03-0.010.051.2387.13727
NGXGROWTH6,637.840.140.210.10139.47274.7956
NGXINDUSTR2,714.31-0.011.90-2.39-1.5412.94261
NGXINS297.471.83-0.38-0.667.0566.36408
NGXLOTUSISLM4,488.570.050.09-0.533.5937.02731
NGXMAINBOARD3,315.85-0.080.38-1.0610.7341.194,554
NGXMERIGRW4,178.100.051.692.30-1.8879.96871
NGXMERIVAL4,663.04-1.763.503.4118.0198.482,492
NGXOILGAS1,047.070.000.00-0.0114.56126.45192
NGXPENBRD1,249.01-0.520.810.096.9721.015,818
NGXPENSION3,086.74-0.601.340.797.8370.494,591
NGXPREMIUM6,879.00-1.091.231.732.1245.292,363
NGXSOVBND743.160.000.000.00-3.45-9.180

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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