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InfoWARE Analyst Daily Market Report (02-Apr-2024 15:08:35.040)
(Source: InfoWARE Terminal, Date: 02-Apr-2024)
Dear Investor,
InfoWARE Analyst Daily Market Report - 02-Apr-2024 15:08:35.039

The Nigerian equities market recorded another down day, as the NGX All-Share Index (NGXASI) closed the day down by -0.04%, to bring the Year-to-Date returns up 37.54%. The All Share Index closed at 104,518.14 against the previous close of 104,562.06, volume traded decreased by -10.50% from 602.80M to 539.51M, while market turnover (the total value of shares traded) decreased by -14.32% from NGN16.55B to NGN14.18B in 12,449.00 deals.
Market breadth (1.19x) signified Thirty-seven (37) advancers, as against Thirty-one (31) decliners. Volume was up for 80 companies and down for 84


MAY & BAKER NIGERIA PLC. (MAYBAKER) topped the advancers list closing at N6.05 with a gain of 10.00% followed by IKEJA HOTEL PLC (Ikejahotel) which closed at N7.07 with a gain of 9.95%.

On the flip side U A C N PLC. (UACN) and JULIUS BERGER NIG. PLC. (JBERGER) topped the decliners log with a loss of -9.82% at a close of N12.40, and -9.17% to close the day at N59.95 respectively.

Top Gainers
SymbolLClose%Chg
MAYBAKER6.0510.00
Ikejahotel7.079.95
CHAMS2.119.90
MERVALUE671.809.80
UNITYBNK2.279.66
Top Losers
SymbolLClose%Chg
UACN12.40-9.82
JBERGER59.95-9.17
ABCTRANS0.70-9.09
UNIVINSURE0.36-7.69
UPDC1.40-6.67

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
FGSUK2024S1105.9513.7899.670.000.001.02K2.001.02M02-Apr-2024 14:30:28.593
IKEJAHOTEL7.079.056.7927.060.161.6714.70B2.13M91.0015.06M02-Apr-2024 14:30:20.717
BERGER17.007.9416.5311.121.225.154.93B464.53K53.007.47M02-Apr-2024 14:30:19.310
FTNCOCOA1.705.881.670.000.001.626.63B3.75M94.005.92M02-Apr-2024 14:30:20.443
OANDO12.003.3311.623.812.537.25149.18B9.22M311.00111.86M02-Apr-2024 14:30:21.840
FIDSON15.500.0015.4924.170.643.2235.57B214.91K56.003.09M02-Apr-2024 14:30:20.373


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
TIP2.25-0.892.260.002.00B4.25M27.009.46M02-Apr-2024 14:30:46.060
FGSUK2027S380.00-3.7581.950.000.001.69K5.001.35M02-Apr-2024 14:30:28.630
UPDC1.40-7.141.450.000.0041.3225.98B424.09K41.00608.28K02-Apr-2024 14:30:23.253
UNIVINSURE0.36-8.330.370.000.000.005.76B8.16M41.002.98M02-Apr-2024 14:30:23.227
JBERGER59.95-10.0963.663.3810.317.1895.92B461.47K129.0027.63M02-Apr-2024 14:30:20.937
UACN12.40-10.8912.996.692.351.4036.28B795.37K99.0010.02M02-Apr-2024 14:30:23.020


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
GTCOGUARANTY TRUST HOLDING COMPANY PLC84.65M25.79M228.2253.0552.501.059524.48B
ACCESSCORPAccess Holdings PLC68.89M30.62M124.9625.0024.502.041,2271.73B
ZENITHBANKZENITH INTERNATIONAL BANK PLC62.59M24.49M155.5344.5544.500.118912.77B
STANBICSTANBIC IBTC HOLDINGS PLC8.25M1.54M436.4155.0056.00-1.7989455.36M
CORNERSTCORNERSTONE INSURANCE COMPANY PLC.5.99M2.10M185.642.002.05-2.444611.59M


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,



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
ASI104,518.14-0.040.000.000.0037.5412,449
NGX303,878.08-0.070.000.000.0036.618,103
NGXAFRBVI2,287.240.410.000.000.0011.263,824
NGXAFRHDYI11,008.970.020.000.000.0048.893,256
NGXASEM1,504.550.000.000.000.00135.2555
NGXBNK1,028.88-0.070.000.000.0015.063,834
NGXCG2,552.960.050.000.000.0015.127,643
NGXCNSMRGDS1,610.56-0.010.000.000.0043.121,415
NGXGROWTH5,701.67-0.030.000.000.00-2.9539
NGXINDUSTR4,835.54-0.120.000.000.0074.54627
NGXINS411.501.370.000.000.0026.74746
NGXLOTUSISLM6,323.99-0.220.000.000.0035.181,669
NGXMAINBOARD4,785.81-0.010.000.000.0034.778,433
NGXMERIGRW4,946.410.370.000.000.007.521,988
NGXMERIVAL6,134.16-0.610.000.000.0016.124,406
NGXOILGAS1,294.380.000.000.000.0023.65250
NGXPENBRD1,812.13-0.010.000.000.0036.2210,862
NGXPENSION3,925.22-0.230.000.000.0019.618,791
NGXPREMIUM10,296.700.030.000.000.0042.123,977
NGXSOVBND730.800.000.000.000.00-3.810

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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