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InfoWARE Analyst Daily Market Report (02-Dec-2024 15:08:25.237)
(Source: InfoWARE Terminal, Date: 02-Dec-2024)
Dear Investor,
InfoWARE Analyst Daily Market Report - 02-Dec-2024 15:08:25.235

The Nigerian equities market recorded another up day, as the NGX All-Share Index (NGXASI) closed the day up by 0.23%, to bring the Year-to-Date returns up 28.61%. The All Share Index closed at 97,733.86 against the previous close of 97,506.87, volume traded increased by 5.18% from 425.78M to 447.84M, while market turnover (the total value of shares traded) decreased by -31.64% from NGN14.36B to NGN9.82B in 8,820.00 deals.
Market breadth (1.83x) signified Fifty-three (53) advancers, as against Twenty-nine (29) decliners. Volume was up for 86 companies and down for 69


Top ASI Gainers Over Last 5 Trading Days

SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
SOVRENINS0.7325.009.590.000.0031.1586.05
TANTALIZER1.1515.609.570.000.0093.85157.14
HMCALL6.2014.164.030.000.0052.8452.84
ELLAHLAKES3.2512.788.620.000.00-11.5315.74
WAPCO58.0010.0010.000.000.0072.43102.54
ABBEYBDS2.4010.0010.000.000.00-4.008.20
VFDGROUP40.509.889.880.000.00-1.11-78.07
VITAFOAM23.509.810.000.000.006.826.82
AFRIPRUD9.009.3910.000.000.00-7.9135.62
PZ22.059.309.300.000.0023.59-16.90

Top ASI Losers Over Last 5 Trading Days

SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
AUSTINLAZ1.96-17.431.530.000.00-0.50-1.97
PRESTIGE0.80-13.33-2.500.000.0050.0069.57
MERVALUE210.00-12.50-10.000.000.00-23.48469.62
ETRANZACT7.50-10.00-10.000.000.00-10.0011.57
UNILEVER26.65-9.970.000.000.0036.6778.86
NCR4.74-9.92-9.920.000.00-1.167.83
JOHNHOLT8.92-9.900.000.000.00220.86284.48
GREENWETF540.00-9.850.000.000.00-31.99-55.00
ACADEMY2.79-9.710.000.000.00-2.4543.81
ABCTRANS1.17-9.60-3.420.000.008.6526.97

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"


ABBEY BUILDING SOCIETY PLC (ABBEYBDS) topped the advancers list closing at N2.64 with a gain of 10.00% followed by AFRICA PRUDENTIAL REGISTRARS PLC (AFRIPRUD) which closed at N9.90 with a gain of 10.00%.

On the flip side MERISTEM VALUE EXCHANGE TRADED FUND (MERVALUE) and E-TRANZACT INTERNATIONAL PLC (ETRANZACT) topped the decliners log with a loss of -10.00% at a close of N189.00, and -10.00% to close the day at N6.75 respectively.

Top Gainers
SymbolLClose%Chg
ABBEYBDS2.6410.00
AFRIPRUD9.9010.00
WAPCO63.8010.00
VFDGROUP44.509.88
SOVRENINS0.809.59
Top Losers
SymbolLClose%Chg
MERVALUE189.00-10.00
ETRANZACT6.75-10.00
NCR4.27-9.92
FTNCOCOA1.77-8.29
HONYFLOUR4.45-5.92

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 appreciated 0.25%(4.19) against the Dollar to settle at 1 to 1


Investment Insights - Top 5 Gainers YTD

These stocks are the best performers whose price has risen faster than the market as a whole with the best returns year to date. Momentum investors believe that stocks that have outperformed the market will often continue to do so because the factors that caused them to outperform will not suddenly disappear. In addition, other investors seeking to benefit from the stock’s outperformance will often purchase the stock, further bidding its price higher and pushing the stock higher still

NGX Top 5 Gainers YTD

For more detailed analysis,



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
ABBEYBDS2.649.092.450.000.001.6726.81B731.56K29.001.89M02-Dec-2024 14:30:10.870
AFRIPRUD9.909.099.3814.860.611.6719.80B1.39M81.0013.41M02-Dec-2024 14:30:11.003
VFDGROUP44.508.9940.770.000.000.000.00334.10K50.0013.19M02-Dec-2024 14:30:16.843
PZ24.108.5123.1844.270.504.5895.69B1.25M56.0028.44M02-Dec-2024 14:30:14.580
NSLTECH0.608.330.590.000.0018.183.38B605.88K17.00362.04K02-Dec-2024 14:30:13.417
ELLAHLAKES3.537.933.400.000.000.007.06B1.52M47.005.29M02-Dec-2024 14:30:11.820
NB28.103.9127.5116.861.603.81288.76B10.74M84.00301.91M02-Dec-2024 14:30:13.007
CORNERST2.653.402.597.280.356.2548.14B1.67M17.004.52M02-Dec-2024 14:30:11.540
ACCESSCORP23.953.1323.658.242.811.94851.31B53.63M521.001.25B02-Dec-2024 14:30:42.663
INTBREW4.102.444.010.000.006.25110.13B847.26K15.003.48M02-Dec-2024 14:30:12.520
NGXMERIVAL9,675.891.429,664.2112.1338.380.000.00191.80M2,882.006.51B02-Dec-2024 14:30:22.750
JAPAULGOLD2.241.342.230.1812.010.9014.03B72.03M142.00161.80M02-Dec-2024 14:30:42.077
NGXAFRBVI2,378.980.732,378.533.1435.500.000.00160.30M2,050.005.37B02-Dec-2024 14:30:22.527
NGXPREMIUM9,213.700.559,197.712,048.74238.700.000.00164.51M2,710.005.96B02-Dec-2024 14:30:22.810
ASI97,733.860.2397,674.0511.84457.690.000.00447.84M8,820.009.82B02-Dec-2024 14:30:22.477
NGXPENBRD1,744.750.221,744.02348.78389.180.000.00321.78M7,286.009.38B02-Dec-2024 14:30:22.780
NGXMAINBOARD4,742.870.074,741.9212.90225.050.000.00281.41M6,066.003.85B02-Dec-2024 14:30:22.720
VSPBONDETF207.010.00204.030.000.003.002.00739.0202-Dec-2024 14:30:42.577


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
JOHNHOLT8.920.009.039.780.911.123.47B15.53K7.00124.74K02-Dec-2024 14:30:12.617
STERLINGNG4.80-1.674.8616.350.303.07138.19B5.51M123.0026.43M02-Dec-2024 14:30:16.243
CAVERTON1.84-3.261.861.211.575.266.16B1.24M42.002.32M02-Dec-2024 14:30:11.400
NPFMCRFBK1.50-4.671.545.900.277.648.99B9.04M76.0013.57M02-Dec-2024 14:30:42.093
HONYFLOUR4.45-6.294.5715.400.311.4835.29B3.72M62.0017.41M02-Dec-2024 14:30:12.427
FTNCOCOA1.77-9.041.860.000.001.556.90B536.48K35.00967.22K02-Dec-2024 14:30:12.193
NCR4.27-11.014.460.000.0063.29461.16M120.41K7.00514.50K02-Dec-2024 14:30:13.043


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
ACCESSCORPAccess Holdings PLC53.63M24.56M118.3823.9523.203.235211.25B
WAPCOLAFARGE WAPCO PLC.21.27M4.11M417.2463.8058.0010.001871.36B
DANGSUGARDANGOTE SUGAR REFINERY PLC15.73M1.89M731.7234.9035.00-0.29181550.11M
NBNIGERIAN BREW. PLC.10.74M3.08M248.9128.1027.004.0784301.91M
MANSARDMANSARD INSURANCE PLC10.03M4.03M149.097.047.040.0013570.89M


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
CONHALLPLC2.5058.020.030.9561.6528.610.05
CORNERST6.257.280.350.8976.6728.610.11
TANTALIZER1.740.000.000.85157.1428.610.15
WAPIC2.9163.870.020.8544.9328.610.15
FLOURMILL2.2283.110.980.84146.2228.610.16
MAYBAKER3.9256.360.140.8445.7128.610.16
AFRIPRUD1.6714.860.610.8235.6228.610.18
DEAPCAP14.15183.650.010.8171.4328.610.19
FIDELITYBK5.5613.071.170.8136.4028.610.20
UNILEVER2.8167.090.400.7978.8628.610.21


African Markets
NameLCloseChange%Chg
BRVM Stock Exchange274.790.740.27
Botswana Stock Exchange9,968.721.990.02
Egyptian Exchange30,497.13254.040.84
Ghana Stock Exchange4,694.370.000.00
Johannesburg Stock Exchange84,510.44-279.81-0.33
Lusaka Stock Exchange15,837.05-3.17-0.02
Casablanca Stock Exchange14,837.22-50.62-0.34
Malawi Stock Exchange163,189.141,775.551.10
Nigeria Stock Exchange97,506.87-273.79-0.28
Nairobi Securities Exchange111.530.890.80
Namibian Stock Exchange1,853.066.650.36
Rwanda Stock Exchange146.660.000.00
Tunis Stock Exchange9,865.7744.200.45
Uganda Securities Exchange1,140.26-13.03-1.13
Nigeria Market Indexes
SymbolLClose%ChgWTD%MTD%QTD%YTD%MktCapTrades
ASI97,733.860.230.000.00-0.5128.618,820
NGX303,674.020.210.000.000.7129.424,977
NGXAFRBVI2,378.980.730.000.0015.7315.732,050
NGXAFRHDYI14,837.28-0.640.000.009.22100.672,053
NGXASEM1,583.710.000.000.000.00147.635
NGXBNK1,024.060.080.000.0010.6414.522,320
NGXCG2,616.820.330.000.0010.4718.005,157
NGXCNSMRGDS1,600.240.670.000.001.2342.20933
NGXGROWTH6,175.63-0.110.000.0019.725.1144
NGXINDUSTR3,557.750.890.000.00-6.5528.42549
NGXINS498.332.140.000.0014.8053.48734
NGXLOTUSISLM6,226.951.350.000.002.4333.111,104
NGXMAINBOARD4,742.870.070.000.00-1.7133.566,066
NGXMERIGRW6,097.640.880.000.0014.5332.551,123
NGXMERIVAL9,675.891.440.000.0024.7183.172,882
NGXOILGAS2,390.020.370.000.0020.20128.31350
NGXPENBRD1,744.750.220.000.001.9931.167,286
NGXPENSION4,277.460.230.000.007.5930.345,656
NGXPREMIUM9,213.700.550.000.002.5227.172,710
NGXSOVBND622.710.000.000.00-0.25-18.040

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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