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InfoWARE Analyst Daily Market Report (19-Jun-2024 15:09:38.946)
(Source: InfoWARE Terminal, Date: 19-Jun-2024)
Dear Investor,
InfoWARE Analyst Daily Market Report - 19-Jun-2024 15:09:38.944

The Nigerian equities market recorded another down day, as the NGX All-Share Index (NGXASI) closed the day down by -0.08%, to bring the Year-to-Date returns up 31.39%. The All Share Index closed at 99,842.19 against the previous close of 99,925.29, volume traded increased by 338.31% from 315.34M to 1.38B, while market turnover (the total value of shares traded) increased by 236.29% from NGN4.90B to NGN16.46B in 9,787.00 deals.
Market breadth (1.70x) signified Fifty-one (51) advancers, as against Thirty (30) decliners. Volume was up for 105 companies and down for 58


UNIVERSITY PRESS PLC. (UPL) topped the advancers list closing at N2.75 with a gain of 10.00% followed by GUINNESS NIG PLC (GUINNESS) which closed at N66.25 with a gain of 9.96%.

On the flip side MERISTEM GROWTH EXCHANGE TRADED FUND (MERGROWTH) and MERISTEM VALUE EXCHANGE TRADED FUND (MERVALUE) topped the decliners log with a loss of -10.00% at a close of N55.08, and -9.99% to close the day at N97.89 respectively.

Top Gainers
SymbolLClose%Chg
UPL2.7510.00
GUINNESS66.259.96
CHAMPION3.249.83
HONYFLOUR3.459.52
VERITASKAP0.819.46
Top Losers
SymbolLClose%Chg
MERGROWTH55.08-10.00
MERVALUE97.89-9.99
CAVERTON1.41-9.62
ABCTRANS0.57-9.52
GREENWETF800.00-9.09

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 appreciated 0.57%(8.51) against the Dollar to settle at 1 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
CUSTODIAN10.107.4310.032.843.291.6059.41B3.50M82.0034.30M19-Jun-2024 14:30:08.607
FGSUK2025S299.905.9096.050.000.001.76K4.001.76M19-Jun-2024 14:30:20.743
INTENEGINS1.583.801.540.532.853.292.03B2.93M35.004.47M19-Jun-2024 14:30:09.370
IKEJAHOTEL7.253.457.1745.100.161.0015.07B227.78K14.001.62M19-Jun-2024 14:30:09.287


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
NGXAFRHDYI10,627.74-0.4210,657.907.4639.300.000.0045.07M2,168.001.36B19-Jun-2024 14:30:24.870
NGXPREMIUM9,793.81-0.669,824.792,048.74238.700.000.0059.85M2,859.002.13B19-Jun-2024 14:30:25.150
FCMB7.60-1.977.7890.830.096.45150.50B323.51K127.002.48M19-Jun-2024 14:30:09.013
TANTALIZER0.46-4.350.470.000.004.171.48B1.46M29.00684.49K19-Jun-2024 14:30:13.000
MANSARD5.25-4.575.4423.120.241.0947.25B5.95M130.0031.19M19-Jun-2024 14:30:34.687
WAPIC0.66-6.060.6943.410.024.2915.83B822.55K27.00564.68K19-Jun-2024 14:30:13.900


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
FIDELITYBKFIDELITY BANK PLC1.05B31.26M3,248.7310.8510.008.5046611.32B
AIICOAIICO INSURANCE PLC.60.67M10.95M453.890.970.98-1.0229358.90M
VERITASKAPVERITAS KAPITAL ASSURANCE PLC55.73M9.14M509.600.810.749.4610344.32M
REGALINSREGENCY ALLIANCE INSURANCE COMPANY PLC11.88M2.20M440.410.470.470.00585.50M
MBENEFITMUTUAL BENEFITS ASSURANCE PLC.8.80M1.36M546.670.570.561.79275.00M


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
OANDO4.616.012.530.9540.0931.390.05
SIAMLETF400.000.93122.2031.390.07
TRANSCOHOT0.20204.620.490.9042.4931.390.10
NEM3.1425.940.370.6764.6631.390.33
VETGOODS0.000.5953.7831.390.41
VETINDETF0.000.5777.7431.390.43
JBERGER3.358.6810.310.55108.1431.390.45
BUAFOODS1.180.000.000.5096.4331.390.50
TRIPPLEG2.42472.320.010.4992.0931.390.52
SEPLAT1.2916.22212.700.4249.3531.390.58


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
ASI99,842.19-0.080.000.67-4.4731.399,787
NGX303,698.31-0.060.000.80-4.6430.275,929
NGXAFRBVI1,864.570.580.005.97-18.48-9.302,242
NGXAFRHDYI10,627.74-0.420.00-0.35-3.4643.742,168
NGXASEM1,504.550.000.000.000.00135.258
NGXBNK825.390.510.004.40-19.78-7.702,761
NGXCG2,193.93-0.020.002.74-14.06-1.075,660
NGXCNSMRGDS1,584.45-0.090.001.35-1.6240.801,153
NGXGROWTH5,569.000.000.000.11-2.33-5.2137
NGXINDUSTR4,707.140.000.000.36-2.6669.91446
NGXINS382.44-0.140.001.32-7.0617.79960
NGXLOTUSISLM6,257.260.300.000.65-1.0633.761,225
NGXMAINBOARD4,697.470.280.001.38-1.8532.286,891
NGXMERIGRW4,532.051.370.006.37-8.38-1.481,549
NGXMERIVAL6,603.46-1.510.005.317.6525.013,141
NGXOILGAS1,361.120.080.005.175.1630.02308
NGXPENBRD1,761.17-0.090.000.72-2.8132.398,365
NGXPENSION3,690.810.260.003.03-5.9712.466,534
NGXPREMIUM9,793.81-0.660.00-0.32-4.8835.182,859
NGXSOVBND766.019.800.009.804.820.821

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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