InfoWARE Analyst Daily Market Report (15-Aug-2024 15:17:40.434)

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

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
MERGROWTH	216.80	33.08	10.00	33.08	111.61	355.20	506.36
NEIMETH	1.99	13.54	9.55	13.54	11.79	36.25	12.37
RTBRISCOE	1.67	11.51	-7.19	11.51	101.30	118.31	154.10
UPL	2.39	11.01	1.26	11.01	0.00	-3.20	0.83
SFSREIT	111.50	9.96	0.00	9.96	9.96	9.96	10.01
CHAMPION	3.04	9.75	0.00	9.75	-6.75	-13.14	-25.85
MECURE	9.35	9.74	0.00	9.74	14.72	-2.30	-13.43
MERVALUE	116.70	9.39	10.00	9.39	27.10	204.48	286.89
TOTAL	470.40	8.82	8.82	8.82	31.63	31.63	32.96
GUINEAINS	0.44	8.11	-9.09	8.11	17.65	17.65	37.93

Top ASI Losers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
OANDO	36.20	-26.99	-9.94	-26.99	41.74	117.33	200.46
JAPAULGOLD	2.10	-13.28	-0.48	-13.28	15.47	8.85	22.94
CHAMS	2.10	-12.66	-4.76	-12.66	-9.09	-13.04	-2.44
ACADEMY	2.73	-12.50	-7.69	-12.50	28.57	26.63	29.90
CWG	5.85	-12.20	-7.69	-12.20	-14.96	-36.09	-37.21
LIVESTOCK	2.42	-10.93	-9.09	-10.93	-6.78	18.92	27.91
GREENWETF	890.00	-10.89	-9.89	-10.89	-14.22	-5.65	-33.17
CORNERST	2.14	-10.64	-1.87	-10.64	2.44	10.53	40.00
CUTIX	5.36	-10.42	-0.56	-10.42	-5.50	21.14	116.67
STANBICETF30	600.00	-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

Symbol	LClose	%Chg
MERGROWTH	238.48	10.00
MERVALUE	128.37	10.00
NEIMETH	2.18	9.55
TOTAL	511.90	8.82
AIICO	1.14	6.54

Top Losers

Symbol	LClose	%Chg
STANBICETF30	540.00	-10.00
OANDO	32.60	-9.94
GREENWETF	802.00	-9.89
ABCTRANS	0.76	-9.52
GUINEAINS	0.40	-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"

Symbol	Price	%Chg	15DMA	PE	EPS	DivY	MktCap	Vol	Trades	Value	LstTradeTime
UPDC	1.28	4.69	1.27	0.00	0.00	40.98	23.76B	1.00M	35.00	1.28M	15-Aug-2024 14:30:46.383
FG202033S6	94.01	2.33	92.83			0.00	0.00	2.82K	1.00	2.65M	15-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,

On InfoWARE Market Data Terminal <BEARM> <GO>
On InfoWARE Finance Mobile App ( Android , iPhone & iPad and Windows 10)

Symbol	Price	%Chg	15DMA	PE	EPS	DivY	MktCap	Vol	Trades	Value	LstTradeTime
FGSUK2032S5	106.35	0.00	106.35			0.00	0.00	660.00	2.00	701.77K	15-Aug-2024 14:31:04.777
JAIZBANK	2.18	-0.92	2.20	76.12	0.03	1.82	75.30B	4.42M	79.00	9.70M	15-Aug-2024 14:30:27.733
CORNERST	2.10	-1.90	2.11	6.09	0.35	7.48	38.15B	697.68K	23.00	1.47M	15-Aug-2024 14:30:17.633
FGSUK2033S6	98.00	-2.04	99.73			0.00	0.00	500.00	2.00	490.00K	15-Aug-2024 14:31:04.823
FBNH	21.10	-2.37	21.25	9.28	2.33	2.31	757.39B	3.78M	195.00	79.35M	15-Aug-2024 14:31:27.073
TANTALIZER	0.44	-4.55	0.45	0.00	0.00	4.35	1.41B	1.07M	29.00	477.72K	15-Aug-2024 14:30:41.193
GREENWETF	802.00	-10.97	880.20			0.00	0.00	250.00	2.00	200.50K	15-Aug-2024 14:31:23.223
STANBICETF30	540.00	-11.11	571.11			0.00	0.00	205.00	3.00	111.00K	15-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

For more detailed analysis,

On InfoWARE Market Data Terminal <CI> <GO>
On InfoWARE Finance Mobile App ( Android , iPhone & iPad and Windows 10) , "Research"

Unusual Volume: Volume traded is more than double the 90 day moving average (All exchanges; ASI & ASem). For more detailed analysis,

On InfoWARE Market Data Terminal <UV> <GO>
On InfoWARE Finance Mobile App ( Android , iPhone & iPad and Windows 10)

Symbol	Name	Volume	90DAvgVol	%VolChg	Price	LClose	%Chg	Trades	Value
STERLINGNG	STERLING FINANCIAL HOLDINGS COMPANY PLC	16.65M	5.96M	179.21	4.00	4.00	0.00	62	65.86M
RTBRISCOE	R T BRISCOE PLC.	16.17M	1.48M	993.97	1.55	1.67	-7.19	175	28.56M
WEMABANK	WEMA BANK PLC.	12.53M	3.36M	273.31	6.15	6.20	-0.81	276	73.92M
PRESTIGE	PRESTIGE ASSURANCE CO. PLC.	9.36M	4.40M	112.80	0.50	0.50	0.00	32	4.68M
GUINEAINS	GUINEA INSURANCE PLC.	6.94M	1.38M	402.89	0.40	0.44	-9.09	74	2.95M

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.

For more detailed analysis,

On InfoWARE Market Data Terminal <HYIELD> <GO>
On InfoWARE Finance Mobile App ( Android , iPhone & iPad and Windows 10) , "Research"

African Markets

Name	LClose	Change	%Chg
BRVM Stock Exchange	248.91	0.02	0.01
Botswana Stock Exchange	9,598.22	0.96	0.01
Egyptian Exchange	29,567.00	234.66	0.80
Johannesburg Stock Exchange	81,402.31	445.26	0.55
Lusaka Stock Exchange	14,358.96	-4.31	-0.03
Malawi Stock Exchange	135,192.10	-2,310.04	-1.68
Nigeria Stock Exchange	97,199.60	-194.79	-0.20
Nairobi Securities Exchange	101.67	0.03	0.03
Namibian Stock Exchange	1,763.47	1.76	0.10
Rwanda Stock Exchange	145.53	-0.01	-0.01
Tunis Stock Exchange	9,834.21	46.00	0.47
Uganda Securities Exchange	1,023.65	0.82	0.08

Nigeria Market Indexes

Symbol	LClose	%Chg	WTD%	MTD%	QTD%	YTD%	Trades
ASI	97,100.36	-0.10	-0.80	-0.27	-2.92	27.78	7,166
NGX30	3,600.89	-0.01	-0.40	0.09	-2.96	26.84	3,781
NGXAFRBVI	1,933.86	0.89	-1.10	6.49	2.98	-5.93	1,398
NGXAFRHDYI	12,593.10	1.38	-0.24	13.91	17.74	70.32	1,469
NGXASEM	1,583.71	0.00	0.00	0.00	5.26	147.63	8
NGXBNK	835.86	0.03	-2.19	3.86	0.77	-6.52	1,678
NGXCG	2,213.91	0.09	-1.45	4.41	-0.77	-0.17	3,857
NGXCNSMRGDS	1,554.34	-0.60	0.05	3.51	-1.61	38.12	662
NGXGROWTH	5,496.73	0.00	6.04	9.14	-1.47	-6.44	26
NGXINDUSTR	4,052.19	0.00	-1.24	-8.62	-13.71	46.27	444
NGXINS	390.63	0.41	-1.96	2.84	1.20	20.31	502
NGXLOTUSISLM	6,286.61	-0.53	0.67	5.34	-0.04	34.38	856
NGXMAINBOARD	4,654.76	-0.22	-0.90	-1.60	-0.74	31.08	5,476
NGXMERIGRW	4,835.59	0.94	-1.30	8.66	5.41	5.12	864
NGXMERIVAL	7,060.01	-0.23	-1.14	2.66	1.37	33.65	1,968
NGXOILGAS	1,654.46	2.63	1.76	8.85	14.85	58.04	189
NGXPENBRD	1,713.60	-0.02	-0.49	-0.27	-3.24	28.82	5,710
NGXPENSION	3,766.45	0.06	-0.62	3.93	0.44	14.77	4,195
NGXPREMIUM	9,255.16	0.09	-0.45	2.27	-6.20	27.75	1,664
NGXSOVBND	732.70	0.00	0.00	0.00	-4.35	-3.56	0

For more detailed analysis,

On InfoWARE Market Data Terminal <MKTINS> <GO>
On InfoWARE Finance Mobile App ( Android, iPhone & iPad and Windows 10) , "Market Indexes"