Before it's here, it's on InfoWARE Market Data Terminal; Years of Fundamentals, Analytics and more... EUNISELL 9.87  MERVALUE 9.63  VSPBONDETF 9.41  REGALINS 9.30  VERITASKAP 9.17  DAARCOMM 8.93  FCMB 7.73  ETI 7.44  CAVERTON 6.11  JAPAULGOLD 5.24  UBA -9.99  OANDO -9.98  THOMASWY -9.79  NASCON -7.83  LASACO -7.50  CUTIX -6.54  ABCTRANS -5.51  CHAMS -4.76  LIVESTOCK -4.74  TRANSCORP -3.33 
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InfoWARE Analyst Daily Market Report (06-Nov-2024 15:07:25.076)
(Source: InfoWARE Terminal, Date: 06-Nov-2024)
Dear Investor,
InfoWARE Analyst Daily Market Report - 06-Nov-2024 15:07:25.073

The Nigerian equities market recorded another down day, as the NGX All-Share Index (NGXASI) closed the day down by -0.30%, to bring the Year-to-Date returns up 27.43%. The All Share Index closed at 96,834.77 against the previous close of 97,123.61, volume traded decreased by -22.11% from 537.10M to 418.37M, while market turnover (the total value of shares traded) decreased by -47.23% from NGN19.03B to NGN10.04B in 8,898.00 deals.
Market breadth (0.76x) signified Twenty-eight (28) advancers, as against Thirty-seven (37) decliners. Volume was up for 57 companies and down for 107


Top ASI Gainers Over Last 5 Trading Days

SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
EUNISELL6.7932.749.8720.7132.74157.24133.13
JOHNHOLT3.9920.910.009.9220.9143.5371.98
CONOIL208.1013.583.3213.5813.5827.98156.26
PZ24.9513.410.008.4813.4127.95-13.97
MERVALUE205.709.639.639.639.63-8.70579.63
ACCESSCORP23.609.052.127.119.0522.032.34
UBA35.058.79-9.99-1.108.7916.8521.35
NGXGROUP24.958.480.006.178.4818.816.17
STERLINGNG4.958.092.632.018.095.8316.78
ETI24.207.447.447.447.448.3324.40

Top ASI Losers Over Last 5 Trading Days

SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
OANDO72.65-27.05-9.98-18.96-27.05-15.06502.77
LASACO2.40-12.94-7.50-5.53-12.94-3.4816.84
DAARCOMM0.56-10.298.93-1.61-10.29-18.67-38.38
ARADEL401.10-9.990.000.00-9.99-48.10-48.10
GREENWETF607.50-9.930.08-9.93-9.93-23.43-49.33
THOMASWY1.94-9.79-9.79-9.79-9.79-11.62-27.98
NEIMETH1.80-9.28-2.22-1.68-9.28-8.81-9.28
ABBEYBDS2.95-9.230.000.00-9.237.2720.90
INTENEGINS1.20-9.090.000.00-9.09-25.00-13.67
TIP2.10-8.700.000.00-8.705.0066.67

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"


EUNISELL INTERLINKED PLC (EUNISELL) topped the advancers list closing at N7.46 with a gain of 9.87% followed by MERISTEM VALUE EXCHANGE TRADED FUND (MERVALUE) which closed at N225.50 with a gain of 9.63%.

On the flip side UNITED BANK FOR AFRICA PLC (UBA) and OANDO PLC (OANDO) topped the decliners log with a loss of -9.99% at a close of N31.55, and -9.98% to close the day at N65.40 respectively.

Top Gainers
SymbolLClose%Chg
EUNISELL7.469.87
MERVALUE225.509.63
VSPBONDETF186.009.41
REGALINS0.479.30
VERITASKAP1.319.17
Top Losers
SymbolLClose%Chg
UBA31.55-9.99
OANDO65.40-9.98
THOMASWY1.75-9.79
NASCON30.00-7.83
LASACO2.22-7.50

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"
SymbolPrice%Chg15DMAPEEPSDivYMktCapVolTradesValueLstTradeTime
FGSUK2025S2100.008.9096.030.000.002.46K1.002.46M06-Nov-2024 14:38:44.770
MERVALUE225.508.78211.930.000.001.08K3.00221.64K06-Nov-2024 14:38:49.660
OMATEK0.663.030.656.610.100.001.94B321.05K16.00208.98K06-Nov-2024 14:38:51.270
RTBRISCOE3.142.873.110.000.003.283.69B563.78K26.001.74M06-Nov-2024 14:38:50.903


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
JAIZBANK2.35-0.432.3681.660.031.6981.17B43.63M143.0098.91M06-Nov-2024 14:38:49.763
CILEASING3.68-3.263.735.960.641.322.88B3.39M83.0012.85M06-Nov-2024 14:38:50.763
CHAMS2.00-5.002.0229.550.071.439.39B6.08M77.0012.45M06-Nov-2024 14:38:51.317
CUTIX2.43-7.002.559.960.265.778.56B13.79M55.0035.16M06-Nov-2024 14:38:49.993
NASCON30.00-8.5032.3124.391.333.0779.48B581.50K37.0017.32M06-Nov-2024 14:38:49.807
FGS20277080.00-56.2585.770.000.0010.00K1.008.00M06-Nov-2024 14:38:44.727


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
STERLINGNGSTERLING FINANCIAL HOLDINGS COMPANY PLC79.65M13.13M506.595.084.952.63126401.92M
CUTIXCUTIX PLC.13.79M3.86M257.412.432.60-6.545535.16M
WAPCOLAFARGE WAPCO PLC.4.47M1.94M130.3538.2538.000.66163170.51M
AFRIPRUDAFRICA PRUDENTIAL REGISTRARS PLC2.63M935.02K181.689.209.200.005624.43M
CONOILCONOIL PLC1.86M258.85K618.23215.00208.103.32130402.37M


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
CORNERST6.137.430.350.9074.0027.430.10
WAPIC3.1658.910.020.8737.6827.430.13
MAYBAKER3.9555.990.140.8648.5727.430.14
FLOURMILL2.8165.590.980.8493.3527.430.16
TANTALIZER3.130.000.000.8430.6127.430.16
DEAPCAP13.27195.770.010.8187.3027.430.19
FIDELITYBK5.7812.561.170.8029.8227.430.20
UNILEVER3.1360.420.400.7761.0727.430.23
VETGOODS0.000.7543.2327.430.25
NEM7.1422.820.370.7244.8327.430.28


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 Exchange269.45-2.56-0.94
Botswana Stock Exchange9,878.5333.470.34
Egyptian Exchange30,793.94144.050.47
Ghana Stock Exchange4,556.7614.540.32
Johannesburg Stock Exchange86,642.88422.480.49
Lusaka Stock Exchange15,999.49-11.21-0.07
Casablanca Stock Exchange14,296.93-2.86-0.02
Malawi Stock Exchange147,679.8214.770.01
Nigeria Stock Exchange97,123.61213.200.22
Nairobi Securities Exchange116.76-0.23-0.20
Namibian Stock Exchange1,878.441.880.10
Rwanda Stock Exchange146.080.000.00
Tunis Stock Exchange9,869.42-9.88-0.10
Uganda Securities Exchange1,166.688.230.71
Nigeria Market Indexes
SymbolLClose%ChgWTD%MTD%QTD%YTD%MktCapTrades
ASI96,834.77-0.30-0.08-0.61-1.4227.438,898
NGX303,682.74-0.190.250.220.9529.725,339
NGXAFRBVI2,357.55-2.711.663.5914.6914.682,779
NGXAFRHDYI14,531.51-1.200.961.586.9796.532,630
NGXASEM1,583.710.000.000.000.00147.634
NGXBNK1,034.74-0.922.213.3611.8015.723,532
NGXCG2,618.22-1.011.031.5710.5318.075,110
NGXCNSMRGDS1,556.32-0.13-0.180.02-1.5538.30646
NGXGROWTH6,721.640.00-0.03-0.2730.3014.4118
NGXINDUSTR3,450.820.03-0.03-0.03-9.3624.56389
NGXINS440.680.49-0.85-1.591.5235.73524
NGXLOTUSISLM5,773.15-0.22-0.33-0.38-5.0323.411,006
NGXMAINBOARD4,702.27-0.21-0.44-1.21-2.5532.415,593
NGXMERIGRW5,975.94-2.261.753.5712.2429.903,523
NGXMERIVAL9,369.210.660.280.3920.7577.36868
NGXOILGAS2,356.420.802.362.2018.51125.10422
NGXPENBRD1,737.19-0.170.280.261.5430.597,143
NGXPENSION4,272.07-0.620.791.137.4630.175,827
NGXPREMIUM9,098.16-0.460.640.561.2325.583,287
NGXSOVBND629.140.000.000.050.78-17.190

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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