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InfoWARE Analyst Daily Market Report (05-Jul-2024 15:08:36.974)
(Source: InfoWARE Terminal, Date: 05-Jul-2024)
Dear Investor,
InfoWARE Analyst Daily Market Report - 05-Jul-2024 15:08:36.972

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 31.62%. The All Share Index closed at 100,022.03 against the previous close of 100,063.32, volume traded decreased by -54.43% from 860.69M to 392.22M, while market turnover (the total value of shares traded) decreased by -60.41% from NGN12.55B to NGN4.97B in 8,313.00 deals.
Market breadth (0.95x) signified Forty-one (41) advancers, as against Forty-three (43) decliners. Volume was up for 78 companies and down for 81


CONOIL PLC (CONOIL) topped the advancers list closing at N126.50 with a gain of 10.00% followed by GREENWICH ASSET ETF (GREENWETF) which closed at N932.97 with a gain of 9.76%.

On the flip side VETIVA S & P NIGERIA SOVEREIGN BOND ETF (VSPBONDETF) and UPDC REAL ESTATE INVESTMENT TRUST (UPDCREIT) topped the decliners log with a loss of -41.92% at a close of N151.00, and -10.00% to close the day at N4.50 respectively.

Top Gainers
SymbolLClose%Chg
CONOIL126.5010.00
GREENWETF932.979.76
OANDO17.009.68
VERITASKAP1.159.52
DAARCOMM0.489.09
Top Losers
SymbolLClose%Chg
VSPBONDETF151.00-41.92
UPDCREIT4.50-10.00
MERGROWTH49.50-10.00
MERVALUE40.50-10.00
JBERGER88.60-9.59

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 0.86%(-13.00) against the Dollar to settle at 1 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
ETRANZACT4.908.164.83114.340.042.2245.08B151.41K12.00743.84K05-Jul-2024 14:30:10.880
FGSUK2032S5101.206.1398.700.000.001.50K1.001.52M05-Jul-2024 14:30:16.223
JAPAULGOLD2.006.001.940.1612.011.0612.53B21.19M137.0040.29M05-Jul-2024 14:30:11.290
NGXGROUP23.305.5823.120.000.003.4145.76B211.61K19.004.93M05-Jul-2024 14:30:11.850
LIVESTOCK1.854.861.780.000.005.685.55B775.64K33.001.38M05-Jul-2024 14:30:11.480


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
NESTLE920.000.00920.3522.2741.313.97729.24B20.76K60.0018.74M05-Jul-2024 14:30:11.837
NGXPREMIUM9,812.87-0.149,813.292,048.74238.700.000.0060.77M2,392.001.74B05-Jul-2024 14:30:17.040
STERLINGNG4.06-4.684.2414.240.303.53116.89B7.00M94.0028.31M05-Jul-2024 14:30:12.400
CUSTODIAN9.50-4.749.853.023.296.5355.88B11.32M118.00112.42M05-Jul-2024 14:30:08.660
CAVERTON1.35-5.191.390.901.577.044.52B430.54K31.00595.42K05-Jul-2024 14:30:08.520
ETERNA15.20-5.2615.7321.370.750.9419.82B539.53K51.008.25M05-Jul-2024 14:30:08.853
STANBICETF30660.00-5.30686.160.000.0048.005.0033.19K05-Jul-2024 14:30:28.027
IKEJAHOTEL6.95-10.077.3949.290.160.9214.45B1.13M41.007.87M05-Jul-2024 14:30:11.157
JBERGER88.60-10.6194.519.5110.313.06141.76B185.29K73.0016.45M05-Jul-2024 14:30:11.310
MERGROWTH49.50-11.1152.930.000.00320.002.0016.05K05-Jul-2024 14:30:27.967
UPDCREIT4.50-11.114.998.820.5711.2012.01B4.60M82.0021.28M05-Jul-2024 14:30:18.513
VSPBONDETF151.00-72.19206.400.000.0027.004.007.14K05-Jul-2024 14:30:28.100


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
OANDOOANDO PLC53.83M10.34M420.5617.0015.509.68755901.11M
AIICOAIICO INSURANCE PLC.30.84M14.03M119.821.101.081.8516434.29M
VERITASKAPVERITAS KAPITAL ASSURANCE PLC26.58M13.06M103.531.151.059.5215430.42M
CHAMSCHAMS PLC23.19M5.30M337.492.382.217.6913152.16M
JAPAULGOLDJAPAUL GOLD & VENTURES PLC21.19M5.35M295.802.001.886.3813740.29M


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
TRANSCOHOT0.20201.380.490.9040.2131.620.10
FLOURMILL5.1444.840.980.8432.1831.620.16
NEM7.1422.820.370.7344.8331.620.27
VETGOODS0.000.6343.2331.620.37
CORNERST2.626.520.350.6140.6731.620.39
VETINDETF0.000.6081.1331.620.40
JBERGER3.069.5110.310.59106.0531.620.41
TRIPPLEG2.42472.320.010.5592.0931.620.45
BUAFOODS1.180.000.000.5396.4331.620.47
SEPLAT1.1717.84212.700.4364.2831.620.57


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 Exchange229.880.230.10
Botswana Stock Exchange9,379.940.000.00
Egyptian Exchange28,364.79202.770.72
Ghana Stock Exchange3,895.4212.040.31
Johannesburg Stock Exchange81,155.28379.650.47
Lusaka Stock Exchange13,889.6715.260.11
Casablanca Stock Exchange13,295.6287.180.66
Malawi Stock Exchange122,386.8112.240.01
Nigeria Stock Exchange100,063.32-240.73-0.24
Nairobi Securities Exchange108.68-0.32-0.29
Namibian Stock Exchange1,804.15-0.72-0.04
Tunis Stock Exchange9,664.722.900.03
Uganda Securities Exchange1,019.66-3.58-0.35
Nigeria Market Indexes
SymbolLClose%ChgWTD%MTD%QTD%YTD%MktCapTrades
ASI100,022.03-0.040.000.000.0031.628,313
NGX303,700.46-0.24-0.27-0.27-0.2730.354,678
NGXAFRBVI1,897.70-3.031.051.051.05-7.691,864
NGXAFRHDYI10,836.470.431.321.321.3246.561,763
NGXASEM1,504.550.000.000.000.00135.2520
NGXBNK862.32-0.703.963.963.96-3.572,183
NGXCG2,260.19-0.531.301.301.301.924,577
NGXCNSMRGDS1,570.68-0.25-0.58-0.58-0.5839.57694
NGXGROWTH5,595.340.120.290.290.29-4.7630
NGXINDUSTR4,706.560.120.220.220.2269.89286
NGXINS399.41-1.333.473.473.4723.02677
NGXLOTUSISLM6,252.22-0.01-0.59-0.59-0.5933.65949
NGXMAINBOARD4,705.490.020.350.350.3532.505,891
NGXMERIGRW4,765.62-0.053.883.883.883.59975
NGXMERIVAL6,970.25-0.240.080.080.0831.952,464
NGXOILGAS1,484.071.593.023.023.0241.77257
NGXPENBRD1,770.13-0.09-0.05-0.05-0.0533.076,564
NGXPENSION3,781.38-0.400.830.830.8315.225,027
NGXPREMIUM9,812.87-0.14-0.55-0.55-0.5535.442,392
NGXSOVBND766.010.000.000.000.000.820

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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