InfoWARE Analyst Daily Market Report (05-Nov-2024 15:08:16.353)

InfoWARE Analyst Daily Market Report (05-Nov-2024 15:08:16.353)
(Source: InfoWARE Terminal, Date: 05-Nov-2024)

Dear Investor,

InfoWARE Analyst Daily Market Report - 05-Nov-2024 15:08:16.351

The Nigerian equities market recorded another up day, as the NGX All-Share Index (NGXASI) closed the day up by 0.22%, to bring the Year-to-Date returns up 27.81%. The All Share Index closed at 97,123.61 against the previous close of 96,907.73, volume traded decreased by -17.72% from 652.79M to 537.10M, while market turnover (the total value of shares traded) increased by 59.23% from NGN11.95B to NGN19.03B in 9,693.00 deals.
Market breadth (1.15x) signified Thirty-nine (39) advancers, as against Thirty-four (34) decliners. Volume was up for 73 companies and down for 87

Top ASI Gainers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
JOHNHOLT	3.63	33.00	9.92	9.92	20.91	43.53	71.98
EUNISELL	6.18	32.88	9.87	9.87	20.82	134.14	112.19
PZ	23.00	23.21	8.48	8.48	13.41	27.95	-13.97
UBA	31.90	17.62	9.87	9.87	20.86	29.81	34.81
WAPIC	0.95	13.10	0.00	0.00	3.26	13.10	37.68
CONOIL	189.30	9.93	9.93	9.93	9.93	23.87	148.03
REDSTAREX	4.47	9.83	0.00	0.00	0.00	14.62	40.57
NGXGROUP	23.50	8.71	6.17	6.17	8.48	18.81	6.17
MAYBAKER	7.60	8.57	0.00	0.00	4.11	8.57	44.76
ZENITHBANK	40.65	7.63	5.78	5.78	4.24	13.91	10.26

Top ASI Losers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
GREENWETF	675.00	-19.00	-10.00	-10.00	-10.00	-23.49	-49.38
ARADEL	401.10	-18.99	0.00	0.00	-9.99	-48.10	-48.10
OANDO	80.70	-18.96	-9.98	-9.98	-18.96	-5.65	569.59
VERITASKAP	1.28	-16.67	-6.25	-6.25	-15.49	-27.71	233.33
DAARCOMM	0.62	-16.42	-9.68	-9.68	-17.65	-25.33	-43.43
CAVERTON	1.80	-13.46	0.00	0.00	-10.00	-17.43	-8.16
ELLAHLAKES	3.60	-10.94	-2.78	-2.78	-1.13	-12.28	14.75
MCNICHOLS	1.39	-10.90	0.00	0.00	-1.42	-7.33	51.09
VSPBONDETF	3,100.00	-10.53	-94.52	-94.52	-15.00	30.77	-71.67
REGALINS	0.46	-10.42	-6.52	-6.52	-12.24	-47.56	10.26

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"

CONOIL PLC (CONOIL) topped the advancers list closing at N208.10 with a gain of 9.93% followed by JOHN HOLT PLC. (JOHNHOLT) which closed at N3.99 with a gain of 9.92%.

On the flip side VETIVA S & P NIGERIA SOVEREIGN BOND ETF (VSPBONDETF) and GREENWICH ASSET ETF (GREENWETF) topped the decliners log with a loss of -94.52% at a close of N170.00, and -10.00% to close the day at N607.50 respectively.

Top Gainers

Symbol	LClose	%Chg
CONOIL	208.10	9.93
JOHNHOLT	3.99	9.92
UBA	35.05	9.87
EUNISELL	6.79	9.87
PZ	24.95	8.48

Top Losers

Symbol	LClose	%Chg
VSPBONDETF	170.00	-94.52
GREENWETF	607.50	-10.00
OANDO	72.65	-9.98
DAARCOMM	0.56	-9.68
REGALINS	0.43	-6.52

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 0.15%(-2.51) 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
CHAMS	2.10	4.76	2.02	28.99	0.07	1.44	9.86B	8.28M	109.00	17.66M	05-Nov-2024 14:30:15.890
SIAMLETF40	864.87	4.03	844.22			0.00	0.00	1.00	1.00	864.87	05-Nov-2024 14:30:54.820
CUTIX	2.60	1.92	2.56	9.77	0.26	5.88	9.16B	638.48K	28.00	1.65M	05-Nov-2024 14:30:16.113
NGX30	3,689.68	0.43	3,677.11	575.61	329.08	0.00	0.00	368.34M	6,145.00	13.15B	05-Nov-2024 14:30:30.610

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
NGXINS	438.53	-1.35	441.46	10.41	2.09	0.00	0.00	55.36M	581.00	78.08M	05-Nov-2024 14:30:31.097
AIICO	1.18	-1.69	1.19	2.01	0.60	4.13	43.19B	7.77M	93.00	8.85M	05-Nov-2024 14:30:54.053
CONHALLPLC	1.45	-2.76	1.46	43.52	0.03	3.38	15.52B	492.57K	15.00	721.35K	05-Nov-2024 14:30:15.960
FGSUK2033S6	90.01	-8.88	94.27			0.00	0.00	1.50K	1.00	1.35M	05-Nov-2024 14:30:29.787
FGSUK2025S2	91.10	-9.77	95.70			0.00	0.00	3.37K	4.00	3.07M	05-Nov-2024 14:30:29.663
VSPBONDETF	170.00	-1,723.53	415.34			0.00	0.00	11.63K	23.00	3.87M	05-Nov-2024 14:30:54.960

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
UBA	UNITED BANK FOR AFRICA PLC	201.96M	38.23M	428.30	35.05	31.90	9.87	1,479	6.74B
ZENITHBANK	ZENITH INTERNATIONAL BANK PLC	46.36M	20.85M	122.31	43.00	40.65	5.78	592	1.96B
JBERGER	JULIUS BERGER NIG. PLC.	26.26M	2.44M	977.61	172.50	170.00	1.47	119	4.52B
NB	NIGERIAN BREW. PLC.	22.39M	2.76M	712.17	27.00	28.00	-3.57	65	604.70M
GUINEAINS	GUINEA INSURANCE PLC.	6.54M	3.11M	110.20	0.45	0.47	-4.26	38	2.99M

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	272.00	0.92	0.34
Botswana Stock Exchange	9,845.11	0.00	0.00
Egyptian Exchange	30,650.04	-181.91	-0.59
Ghana Stock Exchange	4,542.03	12.68	0.28
Johannesburg Stock Exchange	86,223.63	25.86	0.03
Lusaka Stock Exchange	16,011.14	-22.45	-0.14
Casablanca Stock Exchange	14,300.12	29.97	0.21
Malawi Stock Exchange	147,661.88	250.60	0.17
Nigeria Stock Exchange	96,907.73	-526.14	-0.54
Nairobi Securities Exchange	116.99	-0.62	-0.53
Namibian Stock Exchange	1,876.57	9.15	0.49
Rwanda Stock Exchange	146.08	0.00	0.00
Tunis Stock Exchange	9,879.06	21.69	0.22
Uganda Securities Exchange	1,158.50	1.50	0.13

Nigeria Market Indexes

Symbol	LClose	%Chg	WTD%	MTD%	QTD%	YTD%	Trades
ASI	97,123.61	0.22	0.22	-0.32	-1.13	27.81	9,693
NGX30	3,689.68	0.43	0.43	0.41	1.14	29.97	6,145
NGXAFRBVI	2,423.13	4.49	4.49	6.47	17.88	17.87	2,984
NGXAFRHDYI	14,708.66	2.19	2.19	2.82	8.28	98.93	3,015
NGXASEM	1,583.71	0.00	0.00	0.00	0.00	147.63	6
NGXBNK	1,044.40	3.16	3.16	4.33	12.84	16.80	3,317
NGXCG	2,644.80	2.05	2.05	2.60	11.65	19.26	5,986
NGXCNSMRGDS	1,558.42	-0.05	-0.05	0.16	-1.42	38.48	851
NGXGROWTH	6,721.64	0.00	-0.03	-0.27	30.30	14.41	29
NGXINDUSTR	3,449.86	-0.06	-0.06	-0.06	-9.39	24.52	316
NGXINS	438.53	-1.33	-1.33	-2.07	1.03	35.07	581
NGXLOTUSISLM	5,785.60	-0.12	-0.12	-0.17	-4.83	23.67	1,132
NGXMAINBOARD	4,712.29	-0.23	-0.23	-1.00	-2.34	32.70	6,024
NGXMERIGRW	6,114.16	4.10	4.10	5.96	14.84	32.91	1,267
NGXMERIVAL	9,307.79	-0.37	-0.37	-0.27	19.96	76.20	3,686
NGXOILGAS	2,337.77	1.55	1.55	1.39	17.57	123.32	438
NGXPENBRD	1,740.09	0.44	0.44	0.43	1.71	30.81	8,331
NGXPENSION	4,298.89	1.42	1.42	1.76	8.13	30.99	6,696
NGXPREMIUM	9,140.44	1.11	1.11	1.03	1.70	26.16	3,640
NGXSOVBND	629.14	0.00	0.00	0.05	0.78	-17.19	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"