InfoWARE Analyst Daily Market Report (08-Feb-2024 15:26:46.829)

InfoWARE Analyst Daily Market Report (08-Feb-2024 15:26:46.829)
(Source: InfoWARE Terminal, Date: 08-Feb-2024)

Dear Investor,

InfoWARE Analyst Daily Market Report - 08-Feb-2024 15:26:46.828

The Nigerian equities market recorded another down day, as the NGX All-Share Index (NGXASI) closed the day down by -0.86%, to bring the Year-to-Date returns up 33.21%. The All Share Index closed at 101,227.67 against the previous close of 102,106.31, volume traded increased by 75.33% from 272.31M to 477.44M, while market turnover (the total value of shares traded) increased by 43.66% from NGN4.99B to NGN7.17B in 10,903.00 deals.
Market breadth (0.11x) signified Nine (9) advancers, as against Eighty-one (81) decliners. Volume was up for 99 companies and down for 62

MEYER PLC. (MEYER) topped the advancers list closing at N6.29 with a gain of 9.97% followed by JULI PLC. (JULI) which closed at N0.92 with a gain of 9.52%.

On the flip side MERISTEM GROWTH EXCHANGE TRADED FUND (MERGROWTH) and NEWGOLD EXCHANGE TRADED FUND (ETF) (NEWGOLD) topped the decliners log with a loss of -29.87% at a close of N490.90, and -17.25% to close the day at N21,101.11 respectively.

Top Gainers

Symbol	LClose	%Chg
MEYER	6.29	9.97
JULI	0.92	9.52
TANTALIZER	0.44	4.76
REDSTAREX	3.85	4.05
LASACO	2.63	3.54

Top Losers

Symbol	LClose	%Chg
MERGROWTH	490.90	-29.87
NEWGOLD	21,101.11	-17.25
STERLINGNG	5.31	-10.00
NASCON	58.50	-10.00
CONHALLPLC	1.44	-10.00

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"

Symbol	Price	%Chg	15DMA	PE	EPS	DivY	MktCap	Vol	Trades	Value	LstTradeTime
REDSTAREX	3.85	3.90	3.84	4.40	0.74	6.12	3.67B	2.35M	18.00	8.77M	08-Feb-2024 14:30:12.187
FGSUK2024S1	109.95	0.00	109.92			0.00	0.00	0.00	0.00	0.00	08-Feb-2024 14:30:22.280
NB	38.95	0.00	38.90	23.57	1.60	2.73	400.26B	952.19K	120.00	35.33M	08-Feb-2024 14:30:10.910

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
NGXPENBRD	1,780.25	-0.82	1,781.23	348.78	389.18	0.00	0.00	352.72M	9,371.00	6.84B	08-Feb-2024 14:30:23.267
NGX30	3,809.07	-0.83	3,813.53	575.61	329.08	0.00	0.00	240.27M	6,901.00	5.97B	08-Feb-2024 14:30:22.997
ASI	101,227.67	-0.87	101,354.05	11.84	457.69	0.00	0.00	477.44M	10,903.00	7.17B	08-Feb-2024 14:30:36.367
NGXMAINBOARD	4,346.77	-1.15	4,385.22	12.90	225.05	0.00	0.00	371.13M	7,703.00	4.13B	08-Feb-2024 14:30:23.140
NGXLOTUSISLM	6,298.74	-1.35	6,344.45	1,270.93	62.77	0.00	0.00	22.20M	1,314.00	539.56M	08-Feb-2024 14:30:23.127
FG162029S1	99.00	-1.65	99.42			0.00	66.07B	2.90K	1.00	2.87M	08-Feb-2024 14:30:20.427
UNILEVER	19.00	-5.26	19.97	34.74	0.40	1.81	109.16B	1.83M	94.00	34.54M	08-Feb-2024 14:30:13.033
NEIMETH	1.98	-9.09	2.01	95.20	0.02	4.46	8.46B	833.84K	24.00	1.67M	08-Feb-2024 14:30:10.973
AFRIPRUD	8.00	-9.38	8.31	11.07	0.61	7.46	16.00B	1.01M	71.00	8.12M	08-Feb-2024 14:30:08.080
OANDO	12.40	-9.68	12.78	3.81	2.53	7.25	154.15B	11.21M	187.00	138.58M	08-Feb-2024 14:30:33.243
ROYALEX	0.71	-9.86	0.76	0.00	0.00	10.20	3.65B	1.53M	29.00	1.09M	08-Feb-2024 14:30:12.253
VETGRIF30	38.00	-10.00	38.34			0.00	0.00	18.73K	15.00	790.82K	08-Feb-2024 14:30:33.733
PRESTIGE	0.56	-10.71	0.60	5.38	0.08	3.66	7.42B	3.91M	15.00	2.21M	08-Feb-2024 14:30:12.120
MAYBAKER	6.40	-10.94	7.01	36.84	0.14	6.00	11.04B	725.63K	40.00	4.72M	08-Feb-2024 14:30:10.617
PZ	30.90	-11.00	33.64	44.17	0.50	4.59	122.69B	1.45M	50.00	44.97M	08-Feb-2024 14:30:12.167

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
DANGSUGAR	DANGOTE SUGAR REFINERY PLC	8.73M	3.04M	187.05	69.00	75.50	-8.61	463	596.10M
NASCON	NATIONAL SALT CO. NIG. PLC	6.51M	3.02M	115.87	58.50	65.00	-10.00	242	383.89M
REDSTAREX	RED STAR EXPRESS PLC	2.35M	356.67K	558.81	3.85	3.70	4.05	18	8.77M
MEYER	MEYER PLC.	192.00K	80.76K	137.75	6.29	5.72	9.97	8	1.21M
JULI	JULI PLC.	100.00K	26.55K	276.71	0.92	0.84	9.52	1	92.00K

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"

African Markets

Name	LClose	Change	%Chg
BRVM Stock Exchange	208.59	0.40	0.19
Botswana Stock Exchange	8,741.65	28.75	0.33
Egyptian Exchange	20,002.10	347.88	1.77
Ghana Stock Exchange	3,141.18	-0.63	-0.02
Johannesburg Stock Exchange	73,849.53	7.38	0.01
Lusaka Stock Exchange	9,523.07	108.27	1.15
Casablanca Stock Exchange	12,278.56	53.79	0.44
Malawi Stock Exchange	115,209.51	-80.70	-0.07
Nigeria Stock Exchange	67,100.49	113.88	0.17
Nairobi Securities Exchange	93.00	-0.60	-0.64
Namibian Stock Exchange	1,593.55	-4.96	-0.31
Rwanda Stock Exchange	143.69	-0.07	-0.05
Tunis Stock Exchange	8,458.97	-14.40	-0.17
Uganda Securities Exchange	923.89	-1.30	-0.14

Nigeria Market Indexes

Symbol	LClose	%Chg	WTD%	MTD%	QTD%	YTD%	Trades
ASI	101,227.67	-0.86	-2.35	-1.53	33.21	33.21	10,903
NGX30	3,809.07	-0.82	-2.31	-1.54	34.17	34.17	6,901
NGXAFRBVI	1,982.40	-2.49	-6.28	-5.38	-3.57	-3.57	2,747
NGXAFRHDYI	11,788.89	-0.37	-0.97	-0.99	59.44	59.44	2,881
NGXASEM	671.62	1.17	3.29	4.22	5.01	5.01	1
NGXBNK	896.67	-2.33	-5.92	-4.07	0.28	0.28	3,460
NGXCG	2,403.98	-1.46	-3.83	-2.32	8.41	8.41	6,111
NGXCNSMRGDS	1,467.70	-1.90	-0.82	0.87	30.42	30.42	1,613
NGXGROWTH	6,140.89	-0.08	-0.39	-0.03	4.52	4.52	35
NGXINDUSTR	5,429.72	-0.30	-4.18	-4.03	95.99	95.99	455
NGXINS	400.71	-4.19	-6.55	0.20	23.42	23.42	785
NGXLOTUSISLM	6,298.74	-1.34	-2.10	-2.17	34.64	34.64	1,314
NGXMAINBOARD	4,346.77	-1.13	-3.19	-2.15	22.40	22.40	7,703
NGXMERIGRW	4,584.27	-3.89	-7.80	-6.35	-0.35	-0.35	2,192
NGXMERIVAL	6,221.33	-2.22	-3.21	0.21	17.77	17.77	3,823
NGXOILGAS	1,245.49	-0.49	-0.49	-0.48	18.98	18.98	208
NGXPENBRD	1,780.25	-0.81	-2.28	-1.53	33.83	33.83	9,371
NGXPENSION	3,719.98	-1.58	-3.69	-2.37	13.35	13.35	7,590
NGXPREMIUM	10,828.11	-0.53	-1.30	-0.77	49.46	49.46	3,165
NGXSOVBND	742.21	-0.13	-0.16	0.58	-2.31	-2.31	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"