Before it's here, it's on InfoWARE Market Data Terminal; Years of Fundamentals, Analytics and more... GREENWETF 9.97  TANTALIZER 8.00  WAPIC 7.81  OMATEK 7.69  JBERGER 7.19  WAPCO 4.48  OANDO 3.96  NB 3.46  UNIVINSURE 2.86  REGALINS 2.78  TIP -10.00  MERGROWTH -9.96  MULTIVERSE -9.82  CORNERST -9.52  DEAPCAP -9.09  CAVERTON -8.45  ROYALEX -8.33  STANBICETF30 -6.90  CHAMS -6.67  INTENEGINS -5.37 
Get IDIA - the stock trading app for the modern investor
InfoWARE Analyst Daily Market Report (14-May-2024 15:08:19.295)
(Source: InfoWARE Terminal, Date: 14-May-2024)
Dear Investor,
InfoWARE Analyst Daily Market Report - 14-May-2024 15:08:19.293

The Nigerian equities market recorded another down day, as the NGX All-Share Index (NGXASI) closed the day down by -0.24%, to bring the Year-to-Date returns up 28.27%. The All Share Index closed at 97,473.98 against the previous close of 97,708.74, volume traded decreased by -30.10% from 435.99M to 304.77M, while market turnover (the total value of shares traded) decreased by -50.12% from NGN10.96B to NGN5.47B in 7,804.00 deals.
Market breadth (0.67x) signified Twenty-six (26) advancers, as against Thirty-nine (39) decliners. Volume was up for 61 companies and down for 99


LEARN AFRICA PLC (LEARNAFRCA) topped the advancers list closing at N3.63 with a gain of 10.00% followed by TANTALIZERS PLC (TANTALIZER) which closed at N0.55 with a gain of 10.00%.

On the flip side DANGOTE SUGAR REFINERY PLC (DANGSUGAR) and GREENWICH ASSET ETF (GREENWETF) topped the decliners log with a loss of -10.00% at a close of N40.50, and -10.00% to close the day at N810.00 respectively.

Top Gainers
SymbolLClose%Chg
LEARNAFRCA3.6310.00
TANTALIZER0.5510.00
MCNICHOLS1.009.89
REGALINS0.359.38
CUTIX3.258.33
Top Losers
SymbolLClose%Chg
DANGSUGAR40.50-10.00
GREENWETF810.00-10.00
MERGROWTH299.70-10.00
PZ22.50-10.00
SIAMLETF40765.00-10.00

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"
SymbolPrice%Chg15DMAPEEPSDivYMktCapVolTradesValueLstTradeTime
UNIVINSURE0.375.410.360.000.000.005.92B12.07M26.004.41M14-May-2024 14:30:35.833
MBENEFIT0.585.170.564.360.114.0811.64B296.20K9.00167.76K14-May-2024 14:30:33.153


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
NGXGROWTH5,667.64-0.205,678.5918.830.180.000.003.43M61.004.82M14-May-2024 14:30:41.080
FCMB7.30-4.117.3976.180.093.85144.56B1.47M103.0010.97M14-May-2024 14:30:32.100
WEMABANK6.95-5.767.07125.360.046.0489.36B1.35M109.009.24M14-May-2024 14:30:36.123
CAVERTON1.42-10.561.540.971.576.584.76B3.30M58.004.73M14-May-2024 14:30:31.397


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
NBNIGERIAN BREW. PLC.27.46M11.66M135.6323.0023.000.00163631.76M
ROYALEXROYAL EXCHANGE PLC.19.46M1.38M1,312.230.520.57-8.775410.18M
JAPAULGOLDJAPAUL GOLD & VENTURES PLC16.89M7.51M125.092.202.190.4613736.44M
GUINEAINSGUINEA INSURANCE PLC.14.10M1.21M1,069.120.300.32-6.25644.25M
PRESTIGEPRESTIGE ASSURANCE CO. PLC.8.57M1.64M421.370.560.560.00204.39M


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
ASI97,473.98-0.24-0.24-1.30-6.7428.277,804
NGX303,608.79-0.21-0.21-1.36-6.9427.125,213
NGXAFRBVI1,823.03-0.60-0.605.32-20.30-11.322,695
NGXAFRHDYI10,650.57-0.13-0.132.27-3.2644.052,300
NGXASEM1,504.550.000.000.000.00135.251
NGXBNK821.24-1.02-1.022.76-20.18-8.162,423
NGXCG2,114.12-0.68-0.681.18-17.19-4.674,977
NGXCNSMRGDS1,530.48-0.81-0.81-1.56-4.9736.00923
NGXGROWTH5,667.64-0.20-0.49-0.40-0.60-3.5361
NGXINDUSTR4,691.820.020.020.10-2.9769.35270
NGXINS374.98-1.09-1.09-1.88-8.8715.49444
NGXLOTUSISLM6,139.12-0.14-0.14-0.42-2.9231.23806
NGXMAINBOARD4,543.89-0.26-0.26-2.08-5.0527.955,245
NGXMERIGRW4,333.87-0.74-0.740.19-12.38-5.791,260
NGXMERIVAL5,789.700.480.48-1.65-5.629.602,665
NGXOILGAS1,185.380.000.00-7.39-8.4213.23220
NGXPENBRD1,716.10-0.24-0.24-1.21-5.3029.016,906
NGXPENSION3,538.97-0.46-0.46-0.06-9.847.845,684
NGXPREMIUM9,689.50-0.21-0.210.29-5.9033.742,498
NGXSOVBND766.670.000.001.304.910.910

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) (22-May-2024 15:08:16.211)

INFOWARE TERMINAL
22-May-2024 15:08:16.000

InfoWARE Analyst Daily Market Report (22-May-2024 15:08:11.698)

INFOWARE TERMINAL
22-May-2024 15:08:11.000

POST-MPC REVIEW - MPR tightened further by 150bps.

CSL RESEARCH
22-May-2024 12:19:25.000

Coronation Research Daily Insights

CORONATION RESEARCH
22-May-2024 12:08:05.000

Daily Business News Brief

GLOBALVIEW CAPITAL LIMITED
22-May-2024 12:01:17.000

Media Highlights 22-05-2024

CARDINALSTONE RESEARCH
22-May-2024 11:47:38.000

MPC remains aggressive, hikes rate by 150bps

CARDINALSTONE RESEARCH
21-May-2024 19:22:56.000

MPC: CBN increases key rate by 150bps

CARDINALSTONE RESEARCH
21-May-2024 19:22:01.000

DAILY PRICE LIST - 21-05-2024

SECURITIES AFRICA NIGERIA RESEARCH
21-May-2024 19:19:52.000

MARKET PERFORMANCE REPORT & DAILY PRICE LIST

GLOBALVIEW CAPITAL LIMITED
21-May-2024 19:18:27.000

Treasury Bills Primary Market Auction

CARDINALSTONE RESEARCH
21-May-2024 19:07:40.000

Daily Market Report 21st May 2024

ARTHUR STEVENS ASSET MANAGEMENT
21-May-2024 19:02:35.000

NASD OTC PRICE LIST - 21-5-24

SECURITIES AFRICA NIGERIA RESEARCH
21-May-2024 18:57:22.000

CardinalStone Earnings Update - Ecobank Transnational Incorporated Q1'24 unaudited results - Q1'24 PAT grew by 19.9%

CARDINALSTONE RESEARCH
21-May-2024 18:55:51.000

Chart Of The Day - ASI Chart Vs ASI Advance Decline Line (YTD) (21-May-2024 15:07:56.883)

INFOWARE TERMINAL
21-May-2024 15:07:56.000

InfoWARE Analyst Daily Market Report (21-May-2024 15:07:52.252)

INFOWARE TERMINAL
21-May-2024 15:07:52.000

Media Highlights 21-05-2024

CARDINALSTONE RESEARCH
21-May-2024 13:55:03.000

Daily Business News Brief

GLOBALVIEW CAPITAL LIMITED
21-May-2024 13:52:06.000

CSL Nigeria Daily - 21 May 2024

CSL RESEARCH
21-May-2024 13:41:29.000

Coronation Research Daily Insights

CORONATION RESEARCH
21-May-2024 13:28:55.000

Coronation Research - The exchange rate and your questions

CORONATION RESEARCH
21-May-2024 13:26:43.000

Chart Of The Day - ASI Chart Vs ASI Advance Decline Line (YTD) (20-May-2024 15:09:34.579)

INFOWARE TERMINAL
20-May-2024 15:09:34.000

InfoWARE Analyst Daily Market Report (20-May-2024 15:09:29.348)

INFOWARE TERMINAL
20-May-2024 15:09:29.000

Chart Of The Day - ASI Chart Vs ASI Advance Decline Line (YTD) (17-May-2024 15:08:23.102)

INFOWARE TERMINAL
17-May-2024 15:08:23.000

InfoWARE Analyst Daily Market Report (17-May-2024 15:08:18.267)

INFOWARE TERMINAL
17-May-2024 15:08:18.000

CSL Nigeria Daily - 17 May 2024

CSL RESEARCH
17-May-2024 14:42:48.000

Daily Business News Brief

GLOBALVIEW CAPITAL LIMITED
17-May-2024 14:35:59.000

Media Highlights 17-05-2024

CARDINALSTONE RESEARCH
17-May-2024 14:30:42.000
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