InfoWARE Analyst Daily Market Report (03-Sep-2024 15:07:22.892)

InfoWARE Analyst Daily Market Report (03-Sep-2024 15:07:22.892)
(Source: InfoWARE Terminal, Date: 03-Sep-2024)

Dear Investor,

InfoWARE Analyst Daily Market Report - 03-Sep-2024 15:07:22.891

The Nigerian equities market recorded another up day, as the NGX All-Share Index (NGXASI) closed the day up by 0.08%, to bring the Year-to-Date returns up 27.48%. The All Share Index closed at 96,873.74 against the previous close of 96,793.95, volume traded decreased by -20.10% from 497.34M to 397.35M, while market turnover (the total value of shares traded) decreased by -17.49% from NGN11.01B to NGN9.09B in 11,152.00 deals.
Market breadth (0.72x) signified Thirty-four (34) advancers, as against Forty-seven (47) decliners. Volume was up for 63 companies and down for 90

Top ASI Gainers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
DEAPCAP	0.96	31.25	9.38	9.38	9.38	101.92	66.67
OANDO	84.55	30.09	7.63	7.63	7.63	506.67	738.71
ETRANZACT	5.60	23.00	9.82	9.82	9.82	36.67	1.65
IMG	29.00	20.83	10.00	10.00	10.00	168.07	137.17
BERGER	14.30	19.23	8.39	8.39	8.39	3.33	19.23
MERGROWTH	399.90	16.86	10.00	10.00	10.00	739.65	1,018.46
UACN	18.00	14.11	5.56	5.56	5.56	25.83	34.75
GUINEAINS	0.50	12.24	10.00	10.00	10.00	61.76	89.66
SOVRENINS	0.73	11.11	-4.11	-4.11	-4.11	42.86	62.79
GREENWETF	880.00	11.11	-3.41	-3.41	-3.41	0.00	-29.17

Top ASI Losers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
RTBRISCOE	3.20	-26.90	-10.00	-10.00	-10.00	305.63	372.13
TANTALIZER	0.65	-14.49	-9.23	-9.23	-9.23	18.00	20.41
CHAMS	2.01	-13.08	2.49	2.49	2.49	-10.43	0.49
FTNCOCOA	1.70	-11.58	-1.18	-1.18	-1.18	1.82	8.39
TIP	2.20	-10.67	-8.64	-8.64	-8.64	8.65	59.52
DAARCOMM	0.66	-10.45	-9.09	-9.09	-9.09	17.65	-39.39
CORNERST	2.44	-10.07	2.46	2.46	2.46	31.58	66.67
ABBEYBDS	2.81	-9.96	-9.96	-9.96	-9.96	-6.30	3.69
CHAMPION	2.96	-9.20	0.00	0.00	0.00	-15.43	-27.80
UCAP	17.65	-9.07	-3.40	-3.40	-3.40	-39.75	-28.96

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"

C & I LEASING PLC. (CILEASING) topped the advancers list closing at N4.07 with a gain of 10.00% followed by GUINEA INSURANCE PLC. (GUINEAINS) which closed at N0.55 with a gain of 10.00%.

On the flip side R T BRISCOE PLC. (RTBRISCOE) and ABBEY BUILDING SOCIETY PLC (ABBEYBDS) topped the decliners log with a loss of -10.00% at a close of N2.88, and -9.96% to close the day at N2.53 respectively.

Top Gainers

Symbol	LClose	%Chg
CILEASING	4.07	10.00
GUINEAINS	0.55	10.00
IMG	31.90	10.00
MERGROWTH	439.89	10.00
ETERNA	32.20	9.90

Top Losers

Symbol	LClose	%Chg
RTBRISCOE	2.88	-10.00
ABBEYBDS	2.53	-9.96
NSLTECH	0.65	-9.72
MCNICHOLS	1.40	-9.68
TANTALIZER	0.59	-9.23

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 0.20%(-3.14) 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
UPDCREIT	4.80	2.08	4.75	8.29	0.57	11.91	12.81B	848.09K	41.00	4.00M	03-Sep-2024 14:31:38.577
GTCO	46.00	0.87	45.68	6.42	7.10	5.92	1,353.83B	17.22M	273.00	790.31M	03-Sep-2024 14:31:53.813

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
FIDELITYBK	10.50	-3.33	10.56	9.27	1.17	5.53	304.24B	6.42M	209.00	67.79M	03-Sep-2024 14:31:11.333
UCAP	17.05	-3.52	17.44	18.88	0.93	5.10	102.30B	4.20M	310.00	72.54M	03-Sep-2024 14:31:21.350
GREENWETF	850.00	-3.53	858.00			0.00	0.00	6.00	1.00	5.10K	03-Sep-2024 14:31:54.673
MAYBAKER	7.10	-4.23	7.27	54.52	0.14	4.05	12.25B	1.03M	39.00	7.28M	03-Sep-2024 14:31:12.400
SUNUASSUR	1.22	-4.92	1.23	0.00	0.00	3.91	7.09B	798.20K	17.00	996.53K	03-Sep-2024 14:31:19.410
TANTALIZER	0.59	-10.17	0.60	0.00	0.00	3.08	1.89B	1.78M	55.00	1.11M	03-Sep-2024 14:31:19.707
ABBEYBDS	2.53	-11.07	2.62	0.00	0.00	1.42	25.69B	336.65K	12.00	856.15K	03-Sep-2024 14:31:09.497
FGSUK2027S3	75.00	-12.00	77.39			0.00	0.00	1.00K	2.00	750.00K	03-Sep-2024 14:31:35.290

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

For more detailed analysis,

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

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
ACCESSCORP	Access Holdings PLC	106.28M	30.45M	249.01	19.50	19.20	1.56	444	2.04B
OANDO	OANDO PLC	46.92M	20.62M	127.61	91.00	84.55	7.63	2,822	4.32B
PRESTIGE	PRESTIGE ASSURANCE CO. PLC.	31.74M	6.67M	375.94	0.53	0.52	1.92	103	16.60M
RTBRISCOE	R T BRISCOE PLC.	13.94M	2.78M	400.88	2.88	3.20	-10.00	203	40.80M
GUINEAINS	GUINEA INSURANCE PLC.	11.63M	2.22M	423.66	0.55	0.50	10.00	86	6.29M

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.

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	253.51	1.61	0.64
Botswana Stock Exchange	9,622.52	0.00	0.00
Egyptian Exchange	30,774.19	64.49	0.21
Ghana Stock Exchange	4,353.79	0.00	0.00
Lusaka Stock Exchange	15,137.04	91.78	0.61
Casablanca Stock Exchange	13,935.08	26.43	0.19
Malawi Stock Exchange	141,292.44	-14.13	-0.01
Nigeria Stock Exchange	96,407.88	202.03	0.21
Nairobi Securities Exchange	103.34	-0.08	-0.08
Rwanda Stock Exchange	145.47	0.00	0.00
Uganda Securities Exchange	1,035.55	-0.93	-0.09

Nigeria Market Indexes

Symbol	LClose	%Chg	WTD%	MTD%	QTD%	YTD%	Trades
ASI	96,873.74	0.08	0.08	0.08	-3.15	27.48	11,152
NGX30	3,586.95	-0.09	-0.09	-0.09	-3.33	26.35	4,643
NGXAFRBVI	1,994.03	0.13	0.13	0.13	6.18	-3.00	1,655
NGXAFRHDYI	12,931.70	-1.32	-1.32	-1.32	20.91	74.90	1,781
NGXASEM	1,583.71	0.00	0.00	0.00	5.26	147.63	4
NGXBNK	866.03	-0.06	-0.06	-0.06	4.40	-3.15	2,351
NGXCG	2,220.67	-0.32	-0.32	-0.32	-0.47	0.14	4,256
NGXCNSMRGDS	1,564.66	-0.30	-0.30	-0.30	-0.96	39.04	857
NGXGROWTH	5,513.97	-0.56	-0.56	-0.56	-1.16	-6.15	81
NGXINDUSTR	3,855.83	-0.02	-0.02	-0.02	-17.89	39.18	467
NGXINS	413.40	-0.35	-0.35	-0.35	7.10	27.33	640
NGXLOTUSISLM	6,281.52	-0.46	-0.46	-0.46	-0.12	34.28	1,268
NGXMAINBOARD	4,805.69	0.22	0.22	0.22	2.48	35.33	8,905
NGXMERIGRW	5,078.30	-0.73	-0.73	-0.73	10.70	10.39	2,634
NGXMERIVAL	7,197.25	-0.34	-0.34	-0.34	3.34	36.25	893
NGXOILGAS	1,904.65	0.59	0.59	0.59	32.22	81.94	800
NGXPENBRD	1,686.55	-0.06	-0.06	-0.06	-4.76	26.78	7,056
NGXPENSION	3,788.94	-0.26	-0.26	-0.26	1.03	15.45	5,323
NGXPREMIUM	8,684.25	-0.17	-0.17	-0.17	-11.99	19.87	2,166
NGXSOVBND	646.12	0.00	0.00	0.00	-15.65	-14.96	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"