Before it's here, it's on InfoWARE Market Data Terminal; Years of Fundamentals, Analytics and more...
Get IDIA - the stock trading app for the modern investor
InfoWARE Analyst Daily Market Report (11-Sep-2024 15:09:46.625)
(Source: InfoWARE Terminal, Date: 11-Sep-2024)
Dear Investor,
InfoWARE Analyst Daily Market Report - 11-Sep-2024 15:09:46.624

The Nigerian equities market recorded another down day, as the NGX All-Share Index (NGXASI) closed the day down by -0.09%, to bring the Year-to-Date returns up 27.27%. The All Share Index closed at 96,715.04 against the previous close of 96,802.80, volume traded increased by 50.20% from 398.96M to 599.26M, while market turnover (the total value of shares traded) decreased by -22.01% from NGN11.15B to NGN8.70B in 9,273.00 deals.
Market breadth (1.44x) signified Fifty-two (52) advancers, as against Thirty-six (36) decliners. Volume was up for 82 companies and down for 77


Top ASI Gainers Over Last 5 Trading Days

SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
VSPBONDETF203.0033.0033.0035.0033.0099.97-55.00
CAVERTON1.9132.089.9520.6959.0961.547.14
CUSTODIAN13.5025.665.1914.5226.2246.3957.78
NSLTECH0.6920.342.9010.94-1.3920.34-4.05
ETRANZACT6.7518.708.158.1530.3662.2220.66
RTBRISCOE3.1017.51-2.587.09-5.63325.35395.08
ETERNA35.0016.670.006.0619.45118.75130.26
UPDC1.3513.859.6313.8515.636.4718.40
LIVESTOCK2.5512.830.002.8213.3337.8448.26
FTNCOCOA1.6612.582.412.410.003.039.68

Top ASI Losers Over Last 5 Trading Days

SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
LEARNAFRCA3.73-27.74-9.92-18.64-20.751.825.33
JBERGER153.45-17.89-8.77-8.77-17.8942.86225.58
PZ18.25-10.00-6.30-5.00-18.57-22.27-41.03
SIAMLETF40950.40-10.000.000.00-10.00-14.3890.08
GREENWETF765.00-10.000.00-10.00-13.07-10.00-36.25
TRANSPOWER301.70-9.990.000.00-9.99-19.3114.28
NNFM48.30-9.94-9.94-9.94-9.94-9.94-4.40
ACADEMY2.92-9.93-9.93-9.93-9.9332.1635.57
SCOA1.92-9.90-9.90-9.90-9.90-19.53-4.42
UPL2.43-8.990.000.00-3.19-2.801.25

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"


VETIVA S & P NIGERIA SOVEREIGN BOND ETF (VSPBONDETF) topped the advancers list closing at N270.00 with a gain of 33.00% followed by CAVERTON OFFSHORE SUPPORT GRP PLC (CAVERTON) which closed at N2.10 with a gain of 9.95%.

On the flip side COMPUTER WAREHOUSE GROUP PLC (CWG) and STANBIC IBTC ETF 30 (STANBICETF30) topped the decliners log with a loss of -10.00% at a close of N5.40, and -10.00% to close the day at N491.40 respectively.

Top Gainers
SymbolLClose%Chg
VSPBONDETF270.0033.00
CAVERTON2.109.95
REDSTAREX3.859.69
UPDC1.489.63
BERGER20.509.33
Top Losers
SymbolLClose%Chg
CWG5.40-10.00
STANBICETF30491.40-10.00
NNFM43.50-9.94
ACADEMY2.63-9.93
LEARNAFRCA3.36-9.92

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 1.94%(-31.30) sharply 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
FGSUK2033S6105.0014.28104.200.000.004.001.004.20K11-Sep-2024 14:30:49.987
REDSTAREX3.858.833.804.720.747.693.67B289.36K15.001.11M11-Sep-2024 14:30:41.977
ELLAHLAKES3.134.153.030.000.000.006.26B3.57M29.0010.97M11-Sep-2024 14:30:38.897
LOTUSHAL1533.003.0332.810.000.001.52K1.0050.00K11-Sep-2024 14:31:18.290
NAHCO35.752.2435.6185.180.417.2769.68B1.01M60.0035.25M11-Sep-2024 14:30:40.863
FGS20263861.001.6460.070.000.001.50K1.00915.00K11-Sep-2024 14:30:49.133
NGXAFRHDYI13,124.061.1613,003.047.4639.300.000.0086.06M1,857.002.55B11-Sep-2024 14:30:50.887
NGXMERIGRW5,025.081.015,013.0434.89293.990.000.00268.44M1,033.001.42B11-Sep-2024 14:30:51.167
JAIZBANK2.250.892.2477.160.031.7977.72B237.24M73.00545.61M11-Sep-2024 14:30:40.133
NGXLOTUSISLM6,292.870.696,270.731,270.9362.770.000.00241.93M798.001.01B11-Sep-2024 14:30:51.127
NGXPENBRD1,685.300.091,685.27348.78389.180.000.00475.82M6,324.006.03B11-Sep-2024 14:30:51.250
FGSUK2031S485.050.0085.020.000.000.000.000.0011-Sep-2024 14:30:49.937


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
NGXINS407.67-1.46411.2010.412.090.000.0039.70M435.0059.95M11-Sep-2024 14:30:51.097
TRANSCORP11.05-1.8111.230.000.000.89449.16B8.31M248.0092.85M11-Sep-2024 14:30:43.027
NEIMETH1.93-4.152.00121.880.023.488.25B774.92K36.001.52M11-Sep-2024 14:30:41.000
LINKASSURE0.96-4.170.9866.540.025.0013.44B938.44K16.00894.73K11-Sep-2024 14:30:40.393
MERVALUE244.00-4.47244.810.000.0015.001.003.66K11-Sep-2024 14:31:18.370
CORNERST2.45-7.762.477.510.356.0644.51B619.62K13.001.53M11-Sep-2024 14:30:38.193
ACADEMY2.63-11.032.890.000.003.421.99B411.35K14.001.09M11-Sep-2024 14:30:36.203
CWG5.40-11.115.570.000.002.6713.63B3.35M78.0018.81M11-Sep-2024 14:30:38.460


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
JAIZBANKJAIZ BANK PLC237.24M32.21M636.602.252.230.9073545.61M
RTBRISCOER T BRISCOE PLC.22.06M3.33M562.363.023.10-2.5833472.41M
JAPAULGOLDJAPAUL GOLD & VENTURES PLC21.95M10.73M104.522.632.524.3727557.65M
STERLINGNGSTERLING FINANCIAL HOLDINGS COMPANY PLC16.30M7.56M115.553.974.00-0.755164.88M
CAVERTONCAVERTON OFFSHORE SUPPORT GRP PLC10.22M1.23M730.952.101.919.9514021.45M


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
SOVRENINS4.4823.410.030.9955.8127.270.01
UNIVINSURE0.000.000.000.9250.0027.270.08
DEAPCAP14.56178.450.010.9157.1427.270.09
FLOURMILL4.0046.120.980.8736.1027.270.13
NAHCO7.2785.180.410.8440.7527.270.16
LIVESTOCK3.920.000.000.7948.2627.270.21
MAYBAKER4.2951.570.140.7933.3327.270.21
TANTALIZER2.560.000.000.7744.9027.270.23
UACN0.959.872.350.7464.1827.270.26
CORNERST6.067.510.350.7363.3327.270.27


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 Exchange259.541.240.48
Botswana Stock Exchange9,625.730.000.00
Egyptian Exchange30,104.35-270.33-0.89
Ghana Stock Exchange4,337.170.000.00
Johannesburg Stock Exchange81,641.90203.600.25
Lusaka Stock Exchange15,659.34299.521.95
Casablanca Stock Exchange13,950.06-32.16-0.23
Malawi Stock Exchange143,386.120.000.00
Nigeria Stock Exchange96,802.81596.480.62
Nairobi Securities Exchange106.670.830.78
Namibian Stock Exchange1,779.397.800.44
Rwanda Stock Exchange145.470.000.00
Tunis Stock Exchange9,775.15-33.35-0.34
Uganda Securities Exchange1,059.300.850.08
Nigeria Market Indexes
SymbolLClose%ChgWTD%MTD%QTD%YTD%MktCapTrades
ASI96,715.04-0.090.53-0.08-3.3127.279,273
NGX303,580.01-0.190.34-0.29-3.5226.114,103
NGXAFRBVI1,942.901.190.31-2.443.46-5.491,714
NGXAFRHDYI13,124.061.172.210.1522.7177.501,857
NGXASEM1,583.710.000.000.005.26147.636
NGXBNK863.160.640.13-0.394.06-3.471,818
NGXCG2,231.390.561.090.160.010.624,053
NGXCNSMRGDS1,551.310.270.09-1.15-1.8037.85776
NGXGROWTH5,508.670.240.13-0.66-1.26-6.2492
NGXINDUSTR3,847.280.010.02-0.24-18.0738.87336
NGXINS407.67-1.44-1.85-1.735.6125.56435
NGXLOTUSISLM6,292.870.691.39-0.280.0634.52798
NGXMAINBOARD4,765.01-0.27-0.01-0.631.6134.187,047
NGXMERIGRW5,025.081.020.72-1.779.549.231,033
NGXMERIVAL7,101.40-0.50-0.31-1.661.9734.432,493
NGXOILGAS1,944.211.731.742.6834.9685.72426
NGXPENBRD1,685.300.090.63-0.13-4.8426.696,324
NGXPENSION3,787.590.100.63-0.301.0015.414,750
NGXPREMIUM8,782.800.251.550.96-10.9921.232,134
NGXSOVBND647.530.000.220.22-15.47-14.772

For more detailed analysis,

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

Find the topic interesting? Will like to comment? Contact Us at solutions@infowarelimited.com

Professional &Institutional Investors: Bloomberg costing you too much? of InfoWARE Market Data Terminal; The Bloomberg replacement for PAN Africa!

Top News

Chart Of The Day - ASI Chart Vs ASI Advance Decline Line (YTD) (08-Oct-2024 15:07:18.503)

INFOWARE TERMINAL
08-Oct-2024 15:07:18.000

InfoWARE Analyst Daily Market Report (08-Oct-2024 15:07:14.246)

INFOWARE TERMINAL
08-Oct-2024 15:07:14.000

[MEYER]>>Notice of Meeting -<MEYER PLC>

NGX
08-Oct-2024 13:50:14.000

[CONOIL]>>Corporate Disclosures-<CONOIL PLC>

NGX
08-Oct-2024 13:50:09.000

[GUINEAINS]>>Notice of Meeting -<GUINEA INSURANCE PLC.>

NGX
08-Oct-2024 13:50:09.000

[XNSA]>> RETAIL INVESTORS' WORKSHOP AND CGC FOR THE IOSCO WORLD INVESTOR WEEK 2

NGX
08-Oct-2024 13:15:56.000

[XNSA]>> : LISTING OF FLOUR MILLS OF NIGERIA PLC'S BOND

NGX
08-Oct-2024 12:40:41.000

[PRESCO]>>Notice of Meeting -<PRESCO PLC>

NGX
08-Oct-2024 12:00:08.000

[XNSA]>> CORDROS MILESTONE FUNDS' BID & OFFER PRICES

NGX
08-Oct-2024 11:15:15.000

[MERGROWTH]>> DAILY INDICATIVE PRICES

NGX
08-Oct-2024 11:14:09.000

[XNSA]>> EMERGING AFRICA DAILY MUTUAL FUND PRICES

NGX
08-Oct-2024 11:13:13.000

[XNSA]>> NGX FIXED INCOME INDICATIVE PRICE LIST FOR OCT 08, 2024

NGX
08-Oct-2024 10:22:29.000

[VSPBONDETF]>> DAILY INDICATIVE PRICES

NGX
08-Oct-2024 10:22:29.000

[LOTUSHAL15]>> DAILY INDICATIVE PRICES

NGX
08-Oct-2024 10:22:29.000

[PRESCO]>>Corporate Disclosures-<PRESCO PLC>

NGX
08-Oct-2024 10:15:08.000

[XNSA]>> CIS: 28TH ANNUAL STOCKBROKERS' CONFERENCE

NGX
08-Oct-2024 09:28:10.000

[XNSA]>> CIS EXECUTIVE CAPACITY DEVELOPMENT ON THE NIGERIAN CAPITAL MARKET ON TH

NGX
08-Oct-2024 09:22:56.000

[AIRTELAFRI]>>Corporate Disclosures-<Airtel Africa Plc>

NGX
08-Oct-2024 09:20:07.000

[GEREGU]>>Notice of Meeting -<GEREGU POWER PLC>

NGX
08-Oct-2024 07:50:07.000

[NPFMCRFBK]>>Notice of Meeting -<NPF MICROFINANCE BANK PLC>

NGX
08-Oct-2024 07:50:07.000

[XNSA]>> NOTIFICATION OF PRICE ADJUSTMENT

NGX
08-Oct-2024 07:16:11.000

[NAHCO]>>Notice of Meeting -<NIGERIAN AVIATION HANDLING COMPANY PLC>

NGX
07-Oct-2024 14:10:11.000

[GUINNESS]>>Notice of Meeting -<GUINNESS NIG PLC>

NGX
07-Oct-2024 14:10:11.000

Chart Of The Day - ASI Chart Vs ASI Advance Decline Line (YTD) (07-Oct-2024 15:09:51.662)

INFOWARE TERMINAL
07-Oct-2024 15:09:51.000

InfoWARE Analyst Daily Market Report (07-Oct-2024 15:09:47.053)

INFOWARE TERMINAL
07-Oct-2024 15:09:47.000

[XNSA]>> EMERGING AFRICA DAILY MUTUAL FUND PRICES

NGX
07-Oct-2024 11:36:49.000

Media Highlights 07-10-2024

CARDINALSTONE RESEARCH
07-Oct-2024 12:20:46.000

Daily Business News Brief

GLOBALVIEW CAPITAL LIMITED
07-Oct-2024 12:11:22.000

CSL Nigeria Daily - 07 October 2024

CSL RESEARCH
07-Oct-2024 12:06:38.000

Afrinvest Stock Recommendation | "ACCUMULATE" on FBNH and DANGSUGAR... "HOLD" FIDELITYBK

AFRINVEST RESEARCH
07-Oct-2024 12:04:46.000
Get IDIA - the stock trading app for the modern investor
Company
Contacts
  • 8th Floor,
  • South Atlantic Petroleum Towers,
  • 1 Adeola Odeku Street,
  • Victoria Island,
  • Lagos, Nigeria.

  • Email: solutions@infowarelimited.com
Follow Us
 
facebook twitter skype youtube
Market data may be delayed up to 15 minutes