Before it's here, it's on InfoWARE Market Data Terminal; Years of Fundamentals, Analytics and more... CAVERTON 10.00  FBNH 10.00  FLOURMILL 9.99  RTBRISCOE 9.93  NESTLE 9.88  SCOA 9.83  ETRANZACT 9.59  UPDC 9.46  LEARNAFRCA 7.74  ABCTRANS 7.59  VSPBONDETF -24.81  STANBICETF30 -10.00  DAARCOMM -8.86  ETERNA -8.14  UNIVINSURE -7.69  SOVRENINS -5.97  INTBREW -5.32  OMATEK -5.26  CORNERST -4.90  ELLAHLAKES -4.15 
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InfoWARE Analyst Daily Market Report (15-Aug-2024 15:17:40.434)
(Source: InfoWARE Terminal, Date: 15-Aug-2024)
Dear Investor,
InfoWARE Analyst Daily Market Report - 15-Aug-2024 15:17:40.432

The Nigerian equities market recorded another down day, as the NGX All-Share Index (NGXASI) closed the day down by -0.10%, to bring the Year-to-Date returns up 27.78%. The All Share Index closed at 97,100.36 against the previous close of 97,199.60, volume traded decreased by -13.83% from 314.49M to 271.00M, while market turnover (the total value of shares traded) decreased by -35.69% from NGN5.47B to NGN3.52B in 7,166.00 deals.
Market breadth (0.63x) signified Twenty-seven (27) advancers, as against Forty-three (43) decliners. Volume was up for 67 companies and down for 84


Top ASI Gainers Over Last 5 Trading Days

SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
MERGROWTH216.8033.0810.0033.08111.61355.20506.36
NEIMETH1.9913.549.5513.5411.7936.2512.37
RTBRISCOE1.6711.51-7.1911.51101.30118.31154.10
UPL2.3911.011.2611.010.00-3.200.83
SFSREIT111.509.960.009.969.969.9610.01
CHAMPION3.049.750.009.75-6.75-13.14-25.85
MECURE9.359.740.009.7414.72-2.30-13.43
MERVALUE116.709.3910.009.3927.10204.48286.89
TOTAL470.408.828.828.8231.6331.6332.96
GUINEAINS0.448.11-9.098.1117.6517.6537.93

Top ASI Losers Over Last 5 Trading Days

SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
OANDO36.20-26.99-9.94-26.9941.74117.33200.46
JAPAULGOLD2.10-13.28-0.48-13.2815.478.8522.94
CHAMS2.10-12.66-4.76-12.66-9.09-13.04-2.44
ACADEMY2.73-12.50-7.69-12.5028.5726.6329.90
CWG5.85-12.20-7.69-12.20-14.96-36.09-37.21
LIVESTOCK2.42-10.93-9.09-10.93-6.7818.9227.91
GREENWETF890.00-10.89-9.89-10.89-14.22-5.65-33.17
CORNERST2.14-10.64-1.87-10.642.4410.5340.00
CUTIX5.36-10.42-0.56-10.42-5.5021.14116.67
STANBICETF30600.00-8.47-10.00-8.47-1.82-21.17-20.70

For more detailed analysis, on InfoWARE Market Data Terminal <NSEPERF> <GO>
On InfoWARE Finance Mobile App (Android, iPhone & iPad, Windows Phone and Windows 8/10), "Top Gainers & Losers"


MERISTEM GROWTH EXCHANGE TRADED FUND (MERGROWTH) topped the advancers list closing at N238.48 with a gain of 10.00% followed by MERISTEM VALUE EXCHANGE TRADED FUND (MERVALUE) which closed at N128.37 with a gain of 10.00%.

On the flip side STANBIC IBTC ETF 30 (STANBICETF30) and OANDO PLC (OANDO) topped the decliners log with a loss of -10.00% at a close of N540.00, and -9.94% to close the day at N32.60 respectively.

Top Gainers
SymbolLClose%Chg
MERGROWTH238.4810.00
MERVALUE128.3710.00
NEIMETH2.189.55
TOTAL511.908.82
AIICO1.146.54
Top Losers
SymbolLClose%Chg
STANBICETF30540.00-10.00
OANDO32.60-9.94
GREENWETF802.00-9.89
ABCTRANS0.76-9.52
GUINEAINS0.40-9.09

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 fell 0.38%(-5.98) 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
UPDC1.284.691.270.000.0040.9823.76B1.00M35.001.28M15-Aug-2024 14:30:46.383
FG202033S694.012.3392.830.000.002.82K1.002.65M15-Aug-2024 14:30:57.873


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
FGSUK2032S5106.350.00106.350.000.00660.002.00701.77K15-Aug-2024 14:31:04.777
JAIZBANK2.18-0.922.2076.120.031.8275.30B4.42M79.009.70M15-Aug-2024 14:30:27.733
CORNERST2.10-1.902.116.090.357.4838.15B697.68K23.001.47M15-Aug-2024 14:30:17.633
FGSUK2033S698.00-2.0499.730.000.00500.002.00490.00K15-Aug-2024 14:31:04.823
FBNH21.10-2.3721.259.282.332.31757.39B3.78M195.0079.35M15-Aug-2024 14:31:27.073
TANTALIZER0.44-4.550.450.000.004.351.41B1.07M29.00477.72K15-Aug-2024 14:30:41.193
GREENWETF802.00-10.97880.200.000.00250.002.00200.50K15-Aug-2024 14:31:23.223
STANBICETF30540.00-11.11571.110.000.00205.003.00111.00K15-Aug-2024 14:31:23.373


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
STERLINGNGSTERLING FINANCIAL HOLDINGS COMPANY PLC16.65M5.96M179.214.004.000.006265.86M
RTBRISCOER T BRISCOE PLC.16.17M1.48M993.971.551.67-7.1917528.56M
WEMABANKWEMA BANK PLC.12.53M3.36M273.316.156.20-0.8127673.92M
PRESTIGEPRESTIGE ASSURANCE CO. PLC.9.36M4.40M112.800.500.500.00324.68M
GUINEAINSGUINEA INSURANCE PLC.6.94M1.38M402.890.400.44-9.09742.95M


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 Exchange248.910.020.01
Botswana Stock Exchange9,598.220.960.01
Egyptian Exchange29,567.00234.660.80
Johannesburg Stock Exchange81,402.31445.260.55
Lusaka Stock Exchange14,358.96-4.31-0.03
Malawi Stock Exchange135,192.10-2,310.04-1.68
Nigeria Stock Exchange97,199.60-194.79-0.20
Nairobi Securities Exchange101.670.030.03
Namibian Stock Exchange1,763.471.760.10
Rwanda Stock Exchange145.53-0.01-0.01
Tunis Stock Exchange9,834.2146.000.47
Uganda Securities Exchange1,023.650.820.08
Nigeria Market Indexes
SymbolLClose%ChgWTD%MTD%QTD%YTD%MktCapTrades
ASI97,100.36-0.10-0.80-0.27-2.9227.787,166
NGX303,600.89-0.01-0.400.09-2.9626.843,781
NGXAFRBVI1,933.860.89-1.106.492.98-5.931,398
NGXAFRHDYI12,593.101.38-0.2413.9117.7470.321,469
NGXASEM1,583.710.000.000.005.26147.638
NGXBNK835.860.03-2.193.860.77-6.521,678
NGXCG2,213.910.09-1.454.41-0.77-0.173,857
NGXCNSMRGDS1,554.34-0.600.053.51-1.6138.12662
NGXGROWTH5,496.730.006.049.14-1.47-6.4426
NGXINDUSTR4,052.190.00-1.24-8.62-13.7146.27444
NGXINS390.630.41-1.962.841.2020.31502
NGXLOTUSISLM6,286.61-0.530.675.34-0.0434.38856
NGXMAINBOARD4,654.76-0.22-0.90-1.60-0.7431.085,476
NGXMERIGRW4,835.590.94-1.308.665.415.12864
NGXMERIVAL7,060.01-0.23-1.142.661.3733.651,968
NGXOILGAS1,654.462.631.768.8514.8558.04189
NGXPENBRD1,713.60-0.02-0.49-0.27-3.2428.825,710
NGXPENSION3,766.450.06-0.623.930.4414.774,195
NGXPREMIUM9,255.160.09-0.452.27-6.2027.751,664
NGXSOVBND732.700.000.000.00-4.35-3.560

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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