Before it's here, it's on InfoWARE Market Data Terminal; Years of Fundamentals, Analytics and more...
Get IDIA - the stock trading app for the modern investor
InfoWARE Analyst Daily Market Report (09-Feb-2024 15:12:03.846)
(Source: InfoWARE Terminal, Date: 09-Feb-2024)
Dear Investor,
InfoWARE Analyst Daily Market Report - 09-Feb-2024 15:12:03.844

The Nigerian equities market recorded another up day, as the NGX All-Share Index (NGXASI) closed the day up by 0.62%, to bring the Year-to-Date returns up 34.04%. The All Share Index closed at 101,858.37 against the previous close of 101,227.67, volume traded decreased by -33.67% from 477.44M to 316.69M, while market turnover (the total value of shares traded) increased by 2.47% from NGN7.17B to NGN7.34B in 8,845.00 deals.
Market breadth (2.19x) signified Sixty-eight (68) advancers, as against Thirty-one (31) decliners. Volume was up for 59 companies and down for 102


MERISTEM VALUE EXCHANGE TRADED FUND (MERVALUE) topped the advancers list closing at N900.00 with a gain of 2,612.48% followed by MERISTEM GROWTH EXCHANGE TRADED FUND (MERGROWTH) which closed at N630.00 with a gain of 28.34%.

On the flip side ETERNA PLC. (ETERNA) and INDUSTRIAL & MEDICAL GASES NIGERIA PLC (IMG) topped the decliners log with a loss of -9.80% at a close of N17.95, and -9.38% to close the day at N13.05 respectively.

Top Gainers
SymbolLClose%Chg
MERVALUE900.002,612.48
MERGROWTH630.0028.34
NEWGOLD25,300.0019.90
MAYBAKER7.0410.00
GEREGU675.909.92
Top Losers
SymbolLClose%Chg
ETERNA17.95-9.80
IMG13.05-9.38
DAARCOMM0.69-9.21
NEIMETH1.80-9.09
UNITYBNK2.31-8.33

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


Investment Insights - Top 5 Gainers YTD

These stocks are the best performers whose price has risen faster than the market as a whole with the best returns year to date. Momentum investors believe that stocks that have outperformed the market will often continue to do so because the factors that caused them to outperform will not suddenly disappear. In addition, other investors seeking to benefit from the stock’s outperformance will often purchase the stock, further bidding its price higher and pushing the stock higher still

NGX Top 5 Gainers YTD

For more detailed analysis,



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
MAYBAKER7.049.096.9336.840.146.0012.15B657.70K58.004.58M09-Feb-2024 14:30:10.553
VERITASKAP0.678.960.6310.970.0218.529.29B7.27M59.004.84M09-Feb-2024 14:30:12.127
CILEASING4.048.424.005.160.641.523.16B1.05M31.004.19M09-Feb-2024 14:30:07.360
OANDO13.508.1512.863.812.537.25167.82B11.62M276.00154.33M09-Feb-2024 14:30:11.190
FBNH25.502.9425.268.272.332.60915.33B3.77M189.0094.77M09-Feb-2024 14:30:26.793
NGX303,833.820.653,832.26575.61329.080.000.00166.08M5,259.006.32B09-Feb-2024 14:30:15.897
ASI101,858.370.62101,842.0711.84457.690.000.00316.69M8,845.007.34B09-Feb-2024 14:30:15.883
NGXPENBRD1,790.830.591,790.08348.78389.180.000.00230.07M7,055.004.88B09-Feb-2024 14:30:16.087
CADBURY21.900.0021.8922.480.642.7841.13B441.90K96.008.96M09-Feb-2024 14:30:07.283
FG162049S295.000.0095.000.0094.08B0.000.000.0009-Feb-2024 14:30:13.560
NESTLE1,100.000.001,098.0025.4241.313.48871.92B82.02K46.0090.29M09-Feb-2024 14:30:11.013


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
NGXOILGAS1,246.650.091,248.158.74228.150.000.001.37M291.00150.67M09-Feb-2024 14:30:16.070
JAPAULGOLD2.800.002.810.1312.011.3217.54B12.56M188.0033.95M09-Feb-2024 14:30:26.450
FGSUK2024S1109.00-0.87109.790.000.003.88K1.004.23M09-Feb-2024 14:30:15.253
ETI25.90-2.1226.283.045.103.29475.25B18.78M65.00486.01M09-Feb-2024 14:30:07.603
NB38.00-2.5038.7623.571.602.73390.49B1.60M77.0060.85M09-Feb-2024 14:30:26.463
FGSUK2031S490.00-5.5690.020.000.001.21K2.001.09M09-Feb-2024 14:30:15.287
REGALINS0.45-8.890.473.310.118.573.00B2.44M16.001.15M09-Feb-2024 14:30:11.440
ELLAHLAKES3.21-9.033.300.000.000.006.42B1.69M16.005.59M09-Feb-2024 14:30:07.560
IMG13.05-10.3414.2413.380.644.716.52B220.42K7.002.92M09-Feb-2024 14:30:09.967
FGSUK2027S384.00-10.7190.430.000.0024.97K7.0021.27M09-Feb-2024 14:30:15.273


Economic Indicators - Nigeria FX Reserves Vs ASI Chart

Nigeria FX Reserves are assets held on reserve by CBN in foreign currencies. These reserves are used to back liabilities and influence monetary policy. Given the nature of the Nigeria economy, FX Reserves can appear to have an outsize influence on the economy and hence on the capital market. The chart below allows comparison of FX Reserves against the ASI to make investment decisions

Economic Indicators - Nigeria FX Reserves Vs ASI Chart

For more detailed analysis,



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
ETIECOBANK TRANSNATIONAL INCORPORATED18.78M1.67M1,027.0225.9026.45-2.0865486.01M
GEREGUGEREGU Power PLC3.73M1.37M171.88675.90614.909.923792.14B
VITAFOAMVITAFOAM NIG PLC.1.28M591.63K116.4426.0026.000.006130.07M
CAPCAP PLC1.18M254.18K364.2224.0024.000.003728.36M
MEYERMEYER PLC.679.79K83.29K716.196.916.299.86404.68M


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
SUNUASSUR3.190.000.000.9647.9334.040.04
UNIVINSURE0.000.000.000.7642.3134.040.24
VERITASKAP18.5210.970.020.6386.1134.040.37
NEWGOLD0.000.000.00-0.5770.3734.040.43
BUACEMENT2.670.000.000.5663.2434.040.44
MAYBAKER6.0036.840.140.5534.1034.040.45
AIICO4.171.200.600.5434.0934.040.46
VETINDETF0.000.47149.0634.040.53
BUAFOODS2.220.000.000.3253.0034.040.68
SIAMLETF400.00-0.22118.0034.040.78


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 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
ASI101,858.370.62-1.74-0.9234.0434.048,845
NGX303,833.820.65-1.68-0.9035.0535.055,259
NGXAFRBVI2,014.901.64-4.74-3.83-1.98-1.981,710
NGXAFRHDYI11,818.000.25-0.73-0.7559.8359.831,764
NGXASEM680.371.304.635.586.386.383
NGXBNK908.661.34-4.67-2.791.621.622,335
NGXCG2,427.550.98-2.89-1.369.479.474,291
NGXCNSMRGDS1,478.220.72-0.111.6031.3631.361,327
NGXGROWTH6,145.840.08-0.310.054.614.6124
NGXINDUSTR5,430.660.02-4.16-4.0196.0296.02473
NGXINS411.472.69-4.042.8926.7326.73608
NGXLOTUSISLM6,325.870.43-1.68-1.7535.2235.221,018
NGXMAINBOARD4,380.900.79-2.43-1.3823.3623.366,698
NGXMERIGRW4,677.392.03-5.93-4.451.681.681,803
NGXMERIVAL6,304.891.34-1.911.5619.3519.352,636
NGXOILGAS1,246.650.09-0.40-0.3919.0919.09291
NGXPENBRD1,790.830.59-1.70-0.9434.6234.627,055
NGXPENSION3,754.570.93-2.79-1.4614.4114.415,587
NGXPREMIUM10,874.330.43-0.88-0.3550.1050.102,123
NGXSOVBND739.98-0.30-0.460.28-2.60-2.601

For more detailed analysis,

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

Find the topic interesting? Will like to comment? Contact Us at solutions@infowarelimited.com

Professional &Institutional Investors: Bloomberg costing you too much? of InfoWARE Market Data Terminal; The Bloomberg replacement for PAN Africa!

Top News

Chart Of The Day - ASI Chart Vs ASI Advance Decline Line (YTD) (08-Oct-2024 15:07:18.503)

INFOWARE TERMINAL
08-Oct-2024 15:07:18.000

InfoWARE Analyst Daily Market Report (08-Oct-2024 15:07:14.246)

INFOWARE TERMINAL
08-Oct-2024 15:07:14.000

[MEYER]>>Notice of Meeting -<MEYER PLC>

NGX
08-Oct-2024 13:50:14.000

[CONOIL]>>Corporate Disclosures-<CONOIL PLC>

NGX
08-Oct-2024 13:50:09.000

[GUINEAINS]>>Notice of Meeting -<GUINEA INSURANCE PLC.>

NGX
08-Oct-2024 13:50:09.000

[XNSA]>> RETAIL INVESTORS' WORKSHOP AND CGC FOR THE IOSCO WORLD INVESTOR WEEK 2

NGX
08-Oct-2024 13:15:56.000

[XNSA]>> : LISTING OF FLOUR MILLS OF NIGERIA PLC'S BOND

NGX
08-Oct-2024 12:40:41.000

[PRESCO]>>Notice of Meeting -<PRESCO PLC>

NGX
08-Oct-2024 12:00:08.000

[XNSA]>> CORDROS MILESTONE FUNDS' BID & OFFER PRICES

NGX
08-Oct-2024 11:15:15.000

[MERGROWTH]>> DAILY INDICATIVE PRICES

NGX
08-Oct-2024 11:14:09.000

[XNSA]>> EMERGING AFRICA DAILY MUTUAL FUND PRICES

NGX
08-Oct-2024 11:13:13.000

[XNSA]>> NGX FIXED INCOME INDICATIVE PRICE LIST FOR OCT 08, 2024

NGX
08-Oct-2024 10:22:29.000

[VSPBONDETF]>> DAILY INDICATIVE PRICES

NGX
08-Oct-2024 10:22:29.000

[LOTUSHAL15]>> DAILY INDICATIVE PRICES

NGX
08-Oct-2024 10:22:29.000

[PRESCO]>>Corporate Disclosures-<PRESCO PLC>

NGX
08-Oct-2024 10:15:08.000

[XNSA]>> CIS: 28TH ANNUAL STOCKBROKERS' CONFERENCE

NGX
08-Oct-2024 09:28:10.000

[XNSA]>> CIS EXECUTIVE CAPACITY DEVELOPMENT ON THE NIGERIAN CAPITAL MARKET ON TH

NGX
08-Oct-2024 09:22:56.000

[AIRTELAFRI]>>Corporate Disclosures-<Airtel Africa Plc>

NGX
08-Oct-2024 09:20:07.000

[GEREGU]>>Notice of Meeting -<GEREGU POWER PLC>

NGX
08-Oct-2024 07:50:07.000

[NPFMCRFBK]>>Notice of Meeting -<NPF MICROFINANCE BANK PLC>

NGX
08-Oct-2024 07:50:07.000

[XNSA]>> NOTIFICATION OF PRICE ADJUSTMENT

NGX
08-Oct-2024 07:16:11.000

[NAHCO]>>Notice of Meeting -<NIGERIAN AVIATION HANDLING COMPANY PLC>

NGX
07-Oct-2024 14:10:11.000

[GUINNESS]>>Notice of Meeting -<GUINNESS NIG PLC>

NGX
07-Oct-2024 14:10:11.000

Chart Of The Day - ASI Chart Vs ASI Advance Decline Line (YTD) (07-Oct-2024 15:09:51.662)

INFOWARE TERMINAL
07-Oct-2024 15:09:51.000

InfoWARE Analyst Daily Market Report (07-Oct-2024 15:09:47.053)

INFOWARE TERMINAL
07-Oct-2024 15:09:47.000

[XNSA]>> EMERGING AFRICA DAILY MUTUAL FUND PRICES

NGX
07-Oct-2024 11:36:49.000

Media Highlights 07-10-2024

CARDINALSTONE RESEARCH
07-Oct-2024 12:20:46.000

Daily Business News Brief

GLOBALVIEW CAPITAL LIMITED
07-Oct-2024 12:11:22.000

CSL Nigeria Daily - 07 October 2024

CSL RESEARCH
07-Oct-2024 12:06:38.000

Afrinvest Stock Recommendation | "ACCUMULATE" on FBNH and DANGSUGAR... "HOLD" FIDELITYBK

AFRINVEST RESEARCH
07-Oct-2024 12:04:46.000
Get IDIA - the stock trading app for the modern investor
Company
Contacts
  • 8th Floor,
  • South Atlantic Petroleum Towers,
  • 1 Adeola Odeku Street,
  • Victoria Island,
  • Lagos, Nigeria.

  • Email: solutions@infowarelimited.com
Follow Us
 
facebook twitter skype youtube
Market data may be delayed up to 15 minutes