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InfoWARE Analyst Daily Market Report (20-Nov-2024 15:08:04.633)
(Source: InfoWARE Terminal, Date: 20-Nov-2024)
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InfoWARE Analyst Daily Market Report - 20-Nov-2024 15:08:04.632

The Nigerian equities market recorded another up day, as the NGX All-Share Index (NGXASI) closed the day up by 0.26%, to bring the Year-to-Date returns up 29.26%. The All Share Index closed at 98,227.50 against the previous close of 97,972.33, volume traded increased by 2.30% from 316.25M to 323.52M, while market turnover (the total value of shares traded) increased by 31.20% from NGN5.78B to NGN7.58B in 9,575.00 deals.
Market breadth (1.66x) signified Fifty-eight (58) advancers, as against Thirty-five (35) decliners. Volume was up for 90 companies and down for 67


Top ASI Gainers Over Last 5 Trading Days

SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
EUNISELL14.4932.869.9420.86183.45449.31397.81
JOHNHOLT9.3332.779.8620.73210.61268.71341.81
WAPCO50.6032.509.9820.9844.9250.4176.67
TANTALIZER0.9032.0010.0020.7354.6952.31102.04
UNILEVER26.9520.829.8320.8223.3351.7998.66
GUINEAINS0.4815.568.3310.6415.5613.0479.31
WAPIC1.0812.003.708.7421.7433.3362.32
CADBURY17.6511.499.9211.4918.298.6813.45
AUSTINLAZ2.0011.1110.0011.1111.1110.008.37
MANSARD6.7310.244.019.3818.6427.2727.27

Top ASI Losers Over Last 5 Trading Days

SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
RTBRISCOE2.90-12.42-10.00-6.79-14.43-22.55327.87
PZ22.50-11.62-2.00-11.620.2313.08-23.97
NNFM37.50-10.00-10.00-10.00-11.183.69-25.82
MECURE11.70-9.650.000.00-9.6539.298.33
TIP2.10-9.499.05-0.43-0.4314.5081.75
MULTIVERSE7.95-9.43-9.43-9.43-9.43-20.00-64.74
THOMASWY1.75-8.850.000.00-9.79-11.62-27.98
BERGER17.35-7.710.00-7.71-8.68-17.7733.46
MERGROWTH419.50-7.57-1.07-1.07-8.79-19.42955.17
MCNICHOLS1.48-5.41-5.41-5.41-0.71-6.6752.17

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"


AUSTIN LAZ & COMPANY PLC (AUSTINLAZ) topped the advancers list closing at N2.20 with a gain of 10.00% followed by NEWGOLD EXCHANGE TRADED FUND (ETF) (NEWGOLD) which closed at N33,000.00 with a gain of 10.00%.

On the flip side N NIG. FLOUR MILLS PLC. (NNFM) and R T BRISCOE PLC. (RTBRISCOE) topped the decliners log with a loss of -10.00% at a close of N33.75, and -10.00% to close the day at N2.61 respectively.

Top Gainers
SymbolLClose%Chg
AUSTINLAZ2.2010.00
NEWGOLD33,000.0010.00
TANTALIZER0.9910.00
WAPCO55.659.98
HONYFLOUR4.539.95
Top Losers
SymbolLClose%Chg
NNFM33.75-10.00
RTBRISCOE2.61-10.00
MULTIVERSE7.20-9.43
DAARCOMM0.62-7.46
MCNICHOLS1.40-5.41

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"



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
HONYFLOUR4.539.054.3013.410.311.7035.92B7.74M119.0034.33M20-Nov-2024 14:30:20.247
TIP2.298.302.280.002.04B541.98K23.001.20M20-Nov-2024 14:31:40.743
DANGSUGAR32.206.8330.429.803.065.00391.13B1.41M170.0045.70M20-Nov-2024 14:30:19.463
UNIVINSURE0.345.880.330.000.000.005.44B9.79M47.003.22M20-Nov-2024 14:31:38.143
ABCTRANS1.254.801.246.980.172.102.99B666.42K36.00780.42K20-Nov-2024 14:30:18.147
CAVERTON1.904.211.881.161.575.496.37B941.29K38.001.79M20-Nov-2024 14:30:19.137
NB28.003.5727.2716.861.603.81287.73B1.66M67.0046.22M20-Nov-2024 14:30:21.513
CHAMS2.062.912.0328.140.071.509.67B6.78M124.0014.22M20-Nov-2024 14:30:19.190
NAHCO38.501.6938.2192.240.416.7175.04B1.92M69.0073.20M20-Nov-2024 14:30:21.417


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
FG202034S295.740.0095.770.000.000.000.000.0020-Nov-2024 14:31:13.007
ACCESSCORP23.80-0.4223.838.492.811.88845.98B22.99M480.00547.23M20-Nov-2024 14:31:40.537
IKEJAHOTEL8.00-1.888.0452.510.160.9216.63B3.38M61.0025.75M20-Nov-2024 14:30:20.313
STERLINGNG4.89-2.044.9616.720.303.01140.79B5.64M108.0027.88M20-Nov-2024 14:30:28.067
FCMB9.20-2.179.34110.170.095.32182.18B5.12M166.0047.82M20-Nov-2024 14:31:38.040
NPFMCRFBK1.50-2.671.535.780.277.798.99B2.04M36.003.13M20-Nov-2024 14:30:27.367
NEIMETH1.85-5.411.89118.240.023.597.91B552.76K34.001.04M20-Nov-2024 14:30:27.113
MCNICHOLS1.40-5.711.4626.800.055.881.01B447.90K13.00650.16K20-Nov-2024 14:31:40.677
FGSUK2033S690.16-7.5995.410.000.0016.30K5.0015.50M20-Nov-2024 14:31:16.910
DAARCOMM0.62-8.060.640.000.000.007.44B562.23K34.00353.00K20-Nov-2024 14:30:19.440


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
WAPCOLAFARGE WAPCO PLC.19.06M2.40M695.1955.6550.609.982381.06B
GUINEAINSGUINEA INSURANCE PLC.16.20M2.95M449.310.520.488.33668.27M
NGXGROUPNIGERIAN EXCHANGE GROUP12.17M1.07M1,033.9525.0024.800.8153304.03M
CORNERSTCORNERSTONE INSURANCE COMPANY PLC.8.02M1.61M397.712.602.590.392120.84M
HONYFLOURHONEYWELL FLOUR MILL PLC7.74M3.21M141.434.534.129.9511934.33M


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
CORNERST6.187.370.350.8873.3329.260.12
WAPIC2.7866.970.020.8662.3229.260.14
TANTALIZER2.220.000.000.86102.0429.260.14
MAYBAKER3.7558.940.140.8652.3829.260.14
FLOURMILL2.3179.940.980.84140.1829.260.16
AFRIPRUD1.5815.690.610.8131.5129.260.19
DEAPCAP12.10214.830.010.8190.4829.260.19
FIDELITYBK5.5912.981.170.7938.1629.260.21
UNIVINSURE0.000.000.000.7930.7729.260.21
UNILEVER2.7867.850.400.7998.6629.260.21


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 Exchange274.931.400.51
Botswana Stock Exchange9,881.060.000.00
Egyptian Exchange30,688.30-175.93-0.57
Ghana Stock Exchange4,653.690.000.00
Johannesburg Stock Exchange84,526.75101.310.12
Lusaka Stock Exchange15,867.30114.990.73
Casablanca Stock Exchange14,976.79114.440.77
Malawi Stock Exchange155,655.11558.350.36
Nigeria Stock Exchange97,972.33224.820.23
Nairobi Securities Exchange113.43-0.73-0.64
Namibian Stock Exchange1,813.875.610.31
Rwanda Stock Exchange146.080.000.00
Tunis Stock Exchange9,782.2310.750.11
Uganda Securities Exchange1,184.800.710.06
Nigeria Market Indexes
SymbolLClose%ChgWTD%MTD%QTD%YTD%MktCapTrades
ASI98,227.500.260.490.82-0.0129.269,575
NGX303,696.910.260.480.611.3430.224,821
NGXAFRBVI2,430.970.160.726.8118.2618.261,831
NGXAFRHDYI14,918.940.350.934.299.82101.771,845
NGXASEM1,583.710.000.000.000.00147.633
NGXBNK1,050.130.060.304.9013.4617.442,090
NGXCG2,674.280.641.033.7412.9020.595,011
NGXCNSMRGDS1,582.341.091.341.700.1040.611,256
NGXGROWTH6,277.600.12-0.14-6.8621.696.8538
NGXINDUSTR3,513.440.781.331.78-7.7226.82568
NGXINS475.480.782.706.189.5446.45760
NGXLOTUSISLM6,051.112.003.124.42-0.4629.351,055
NGXMAINBOARD4,757.130.110.18-0.06-1.4133.967,006
NGXMERIGRW6,126.000.561.056.1715.0633.171,349
NGXMERIVAL9,816.191.412.415.1726.5185.822,932
NGXOILGAS2,428.29-0.090.265.3122.13131.96388
NGXPENBRD1,753.850.310.561.222.5231.847,546
NGXPENSION4,336.600.450.732.659.0832.145,780
NGXPREMIUM9,296.270.561.102.753.4428.312,531
NGXSOVBND629.07-0.05-0.050.040.76-17.200

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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