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InfoWARE Analyst Daily Market Report (31-Oct-2024 15:10:32.782)
(Source: InfoWARE Terminal, Date: 31-Oct-2024)
Dear Investor,
InfoWARE Analyst Daily Market Report - 31-Oct-2024 15:10:32.780

The Nigerian equities market recorded another down day, as the NGX All-Share Index (NGXASI) closed the day down by -0.38%, to bring the Year-to-Date returns up 28.50%. The All Share Index closed at 97,651.23 against the previous close of 98,023.23, volume traded decreased by -1.64% from 529.54M to 520.85M, while market turnover (the total value of shares traded) decreased by -40.54% from NGN13.23B to NGN7.87B in 8,180.00 deals.
Market breadth (1.00x) signified Forty (40) advancers, as against Forty (40) decliners. Volume was up for 74 companies and down for 91


Top ASI Gainers Over Last 5 Trading Days

SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
EUNISELL4.6532.739.8932.7376.2176.2159.69
UPL3.0821.159.7421.1555.7655.7640.83
DAARCOMM0.6415.524.6915.52-10.67-10.67-32.32
NNFM38.0011.760.0011.7616.7416.74-16.48
PRESTIGE0.5411.329.2611.3213.4613.4628.26
VITAFOAM22.0010.000.0010.000.000.000.00
SUNUASSUR1.9010.0010.0010.0022.9422.9472.73
SKYAVN27.5010.000.0010.0010.0010.001.29
CONOIL173.459.149.149.1412.6812.68125.63
JOHNHOLT2.759.099.099.097.917.9129.31

Top ASI Losers Over Last 5 Trading Days

SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
VSPBONDETF210.00-62.00-9.52-62.0046.1546.15-68.33
ARADEL550.10-17.50-10.00-17.50-35.94-35.94-35.94
CAVERTON2.18-11.49-4.59-11.49-4.59-4.596.12
NEWGOLD29,483.00-11.14-11.14-11.14-2.96-2.9676.43
VERITASKAP1.60-10.00-10.00-10.00-13.25-13.25300.00
CADBURY16.40-9.890.00-9.89-8.12-8.12-4.09
ACADEMY2.83-9.870.00-9.87-1.05-1.0545.88
ROYALEX0.68-9.72-4.41-9.723.173.17-1.52
ABCTRANS1.22-9.630.00-9.6317.3117.3137.08
INTENEGINS1.32-8.970.00-8.97-17.50-17.50-5.04

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"


SUNU ASSURANCES NIGERIA PLC. (SUNUASSUR) topped the advancers list closing at N2.09 with a gain of 10.00% followed by EUNISELL INTERLINKED PLC (EUNISELL) which closed at N5.11 with a gain of 9.89%.

On the flip side NEWGOLD EXCHANGE TRADED FUND (ETF) (NEWGOLD) and VERITAS KAPITAL ASSURANCE PLC (VERITASKAP) topped the decliners log with a loss of -11.14% at a close of N26,200.00, and -10.00% to close the day at N1.44 respectively.

Top Gainers
SymbolLClose%Chg
SUNUASSUR2.0910.00
EUNISELL5.119.89
UPL3.389.74
CORNERST2.749.60
PRESTIGE0.599.26
Top Losers
SymbolLClose%Chg
NEWGOLD26,200.00-11.14
VERITASKAP1.44-10.00
ARADEL495.10-10.00
VSPBONDETF190.00-9.52
NSLTECH0.60-9.09

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 0.34%(-5.62) 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
CORNERST2.748.762.587.110.356.4049.78B2.11M22.005.72M31-Oct-2024 14:30:25.383
JOHNHOLT3.008.332.913.010.913.641.17B402.97K13.001.21M31-Oct-2024 14:30:28.073
FGSUK2033S698.008.1695.200.000.0010.001.009.80K31-Oct-2024 14:30:40.920
NGXGROUP22.956.3221.980.000.003.4945.08B7.96M42.00178.82M31-Oct-2024 14:30:29.503
UPDC1.535.231.520.000.0034.4828.40B475.17K25.00721.98K31-Oct-2024 14:30:31.760
FTNCOCOA1.883.191.870.000.001.657.33B1.37M51.002.55M31-Oct-2024 14:30:26.787
STERLINGNG4.902.044.8616.090.303.13141.07B20.93M204.00101.41M31-Oct-2024 14:30:30.970
LOTUSHAL1527.000.9326.960.000.002.001.0054.0031-Oct-2024 14:31:04.880


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
TAJSUKS199.990.0099.990.000.0016.30K4.0016.30M31-Oct-2024 14:30:42.033
UCAP18.25-1.3718.3119.790.934.86109.50B5.79M190.00105.60M31-Oct-2024 14:30:31.507
JAPAULGOLD2.29-3.492.350.2012.010.8414.34B5.49M100.0012.45M31-Oct-2024 14:30:28.013
SIAMLETF40830.00-3.61844.170.000.00100.001.0083.00K31-Oct-2024 14:31:04.977
MAYBAKER7.00-4.297.0453.780.144.1112.08B644.39K20.004.51M31-Oct-2024 14:30:28.450
CWG6.05-4.966.100.000.002.5215.28B2.69M40.0016.44M31-Oct-2024 14:30:25.553
RTBRISCOE3.05-9.843.140.000.002.993.59B1.83M29.005.60M31-Oct-2024 14:30:30.463
VERITASKAP1.44-11.111.5765.030.023.1319.97B40.26M166.0059.31M31-Oct-2024 14:31:04.640
NEWGOLD26,200.00-12.5329,167.370.000.000.000.0037.005.00981.40K31-Oct-2024 14:31:04.953


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
UBAUNITED BANK FOR AFRICA PLC74.26M34.54M114.9729.8030.00-0.675122.20B
UACNU A C N PLC.55.08M3.45M1,498.6521.8021.90-0.46911.19B
CHAMSCHAMS PLC53.26M12.66M320.702.062.021.98105109.72M
VERITASKAPVERITAS KAPITAL ASSURANCE PLC40.26M16.80M139.641.441.60-10.0016659.31M
PRESTIGEPRESTIGE ASSURANCE CO. PLC.32.08M6.59M386.850.590.549.2610518.64M


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 Exchange270.531.450.54
Egyptian Exchange30,371.26-248.02-0.81
Ghana Stock Exchange4,326.749.930.23
Johannesburg Stock Exchange86,759.06-541.26-0.62
Lusaka Stock Exchange16,236.0925.940.16
Casablanca Stock Exchange14,182.32-65.54-0.46
Malawi Stock Exchange147,143.22950.250.65
Nigeria Stock Exchange98,023.23-39.23-0.04
Nairobi Securities Exchange118.73-0.60-0.50
Namibian Stock Exchange1,869.31-8.64-0.46
Rwanda Stock Exchange146.080.000.00
Tunis Stock Exchange9,846.204.920.05
Uganda Securities Exchange1,161.685.090.44
Nigeria Market Indexes
SymbolLClose%ChgWTD%MTD%QTD%YTD%MktCapTrades
ASI97,651.23-0.38-1.07-0.59-0.5928.508,180
NGX303,667.91-0.03-0.350.550.5529.204,806
NGXAFRBVI2,249.400.581.629.439.439.421,753
NGXAFRHDYI14,291.350.331.875.205.2093.292,030
NGXASEM1,583.710.000.000.000.00147.6312
NGXBNK989.650.280.536.936.9310.671,997
NGXCG2,558.170.120.048.008.0015.364,407
NGXCNSMRGDS1,552.32-0.06-0.18-1.80-1.8037.94940
NGXGROWTH6,755.540.000.2430.9630.9614.9824
NGXINDUSTR3,452.35-0.09-0.18-9.32-9.3224.61533
NGXINS447.161.120.593.013.0137.72671
NGXLOTUSISLM5,819.64-0.29-0.36-4.27-4.2724.401,051
NGXMAINBOARD4,781.16-0.58-1.16-0.91-0.9134.636,055
NGXMERIGRW5,749.570.13-0.587.997.9924.981,388
NGXMERIVAL9,362.44-0.010.7920.6720.6777.232,608
NGXOILGAS2,307.451.271.5216.0516.05120.42427
NGXPENBRD1,729.920.02-0.351.121.1230.047,129
NGXPENSION4,204.280.04-0.135.755.7528.115,439
NGXPREMIUM9,028.000.02-0.900.450.4524.612,101
NGXSOVBND631.320.000.001.121.12-16.902

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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