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 (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

SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
DEAPCAP0.9631.259.389.389.38101.9266.67
OANDO84.5530.097.637.637.63506.67738.71
ETRANZACT5.6023.009.829.829.8236.671.65
IMG29.0020.8310.0010.0010.00168.07137.17
BERGER14.3019.238.398.398.393.3319.23
MERGROWTH399.9016.8610.0010.0010.00739.651,018.46
UACN18.0014.115.565.565.5625.8334.75
GUINEAINS0.5012.2410.0010.0010.0061.7689.66
SOVRENINS0.7311.11-4.11-4.11-4.1142.8662.79
GREENWETF880.0011.11-3.41-3.41-3.410.00-29.17

Top ASI Losers Over Last 5 Trading Days

SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
RTBRISCOE3.20-26.90-10.00-10.00-10.00305.63372.13
TANTALIZER0.65-14.49-9.23-9.23-9.2318.0020.41
CHAMS2.01-13.082.492.492.49-10.430.49
FTNCOCOA1.70-11.58-1.18-1.18-1.181.828.39
TIP2.20-10.67-8.64-8.64-8.648.6559.52
DAARCOMM0.66-10.45-9.09-9.09-9.0917.65-39.39
CORNERST2.44-10.072.462.462.4631.5866.67
ABBEYBDS2.81-9.96-9.96-9.96-9.96-6.303.69
CHAMPION2.96-9.200.000.000.00-15.43-27.80
UCAP17.65-9.07-3.40-3.40-3.40-39.75-28.96

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
SymbolLClose%Chg
CILEASING4.0710.00
GUINEAINS0.5510.00
IMG31.9010.00
MERGROWTH439.8910.00
ETERNA32.209.90
Top Losers
SymbolLClose%Chg
RTBRISCOE2.88-10.00
ABBEYBDS2.53-9.96
NSLTECH0.65-9.72
MCNICHOLS1.40-9.68
TANTALIZER0.59-9.23

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"
SymbolPrice%Chg15DMAPEEPSDivYMktCapVolTradesValueLstTradeTime
UPDCREIT4.802.084.758.290.5711.9112.81B848.09K41.004.00M03-Sep-2024 14:31:38.577
GTCO46.000.8745.686.427.105.921,353.83B17.22M273.00790.31M03-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,

SymbolPrice%Chg15DMAPEEPSDivYMktCapVolTradesValueLstTradeTime
FIDELITYBK10.50-3.3310.569.271.175.53304.24B6.42M209.0067.79M03-Sep-2024 14:31:11.333
UCAP17.05-3.5217.4418.880.935.10102.30B4.20M310.0072.54M03-Sep-2024 14:31:21.350
GREENWETF850.00-3.53858.000.000.006.001.005.10K03-Sep-2024 14:31:54.673
MAYBAKER7.10-4.237.2754.520.144.0512.25B1.03M39.007.28M03-Sep-2024 14:31:12.400
SUNUASSUR1.22-4.921.230.000.003.917.09B798.20K17.00996.53K03-Sep-2024 14:31:19.410
TANTALIZER0.59-10.170.600.000.003.081.89B1.78M55.001.11M03-Sep-2024 14:31:19.707
ABBEYBDS2.53-11.072.620.000.001.4225.69B336.65K12.00856.15K03-Sep-2024 14:31:09.497
FGSUK2027S375.00-12.0077.390.000.001.00K2.00750.00K03-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

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
ACCESSCORPAccess Holdings PLC106.28M30.45M249.0119.5019.201.564442.04B
OANDOOANDO PLC46.92M20.62M127.6191.0084.557.632,8224.32B
PRESTIGEPRESTIGE ASSURANCE CO. PLC.31.74M6.67M375.940.530.521.9210316.60M
RTBRISCOER T BRISCOE PLC.13.94M2.78M400.882.883.20-10.0020340.80M
GUINEAINSGUINEA INSURANCE PLC.11.63M2.22M423.660.550.5010.00866.29M


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,



African Markets
NameLCloseChange%Chg
BRVM Stock Exchange253.511.610.64
Botswana Stock Exchange9,622.520.000.00
Egyptian Exchange30,774.1964.490.21
Ghana Stock Exchange4,353.790.000.00
Lusaka Stock Exchange15,137.0491.780.61
Casablanca Stock Exchange13,935.0826.430.19
Malawi Stock Exchange141,292.44-14.13-0.01
Nigeria Stock Exchange96,407.88202.030.21
Nairobi Securities Exchange103.34-0.08-0.08
Rwanda Stock Exchange145.470.000.00
Uganda Securities Exchange1,035.55-0.93-0.09
Nigeria Market Indexes
SymbolLClose%ChgWTD%MTD%QTD%YTD%MktCapTrades
ASI96,873.740.080.080.08-3.1527.4811,152
NGX303,586.95-0.09-0.09-0.09-3.3326.354,643
NGXAFRBVI1,994.030.130.130.136.18-3.001,655
NGXAFRHDYI12,931.70-1.32-1.32-1.3220.9174.901,781
NGXASEM1,583.710.000.000.005.26147.634
NGXBNK866.03-0.06-0.06-0.064.40-3.152,351
NGXCG2,220.67-0.32-0.32-0.32-0.470.144,256
NGXCNSMRGDS1,564.66-0.30-0.30-0.30-0.9639.04857
NGXGROWTH5,513.97-0.56-0.56-0.56-1.16-6.1581
NGXINDUSTR3,855.83-0.02-0.02-0.02-17.8939.18467
NGXINS413.40-0.35-0.35-0.357.1027.33640
NGXLOTUSISLM6,281.52-0.46-0.46-0.46-0.1234.281,268
NGXMAINBOARD4,805.690.220.220.222.4835.338,905
NGXMERIGRW5,078.30-0.73-0.73-0.7310.7010.392,634
NGXMERIVAL7,197.25-0.34-0.34-0.343.3436.25893
NGXOILGAS1,904.650.590.590.5932.2281.94800
NGXPENBRD1,686.55-0.06-0.06-0.06-4.7626.787,056
NGXPENSION3,788.94-0.26-0.26-0.261.0315.455,323
NGXPREMIUM8,684.25-0.17-0.17-0.17-11.9919.872,166
NGXSOVBND646.120.000.000.00-15.65-14.960

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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