Before it's here, it's on InfoWARE Market Data Terminal; Years of Fundamentals, Analytics and more... GOLDBREW 9.83  THOMASWY 9.83  FTNCOCOA 9.50  DEAPCAP 9.43  NEM 9.30  ABCTRANS 8.57  WAPCO 7.56  SEPLAT 7.55  OMATEK 6.67  NCR 5.39  SUNUASSUR -9.85  LEARNAFRCA -9.85  LOTUSHAL15 -9.81  HMCALL -9.15  PZ -8.71  STERLINGNG -7.16  ROYALEX -6.35  CILEASING -5.78  VITAFOAM -5.53  ELLAHLAKES -5.35 
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InfoWARE Analyst Daily Market Report (04-Dec-2024 15:07:24.689)
(Source: InfoWARE Terminal, Date: 04-Dec-2024)
Dear Investor,
InfoWARE Analyst Daily Market Report - 04-Dec-2024 15:07:24.687

The Nigerian equities market recorded another up day, as the NGX All-Share Index (NGXASI) closed the day up by 0.48%, to bring the Year-to-Date returns up 29.19%. The All Share Index closed at 98,174.99 against the previous close of 97,702.56, volume traded increased by 32.01% from 390.72M to 515.79M, while market turnover (the total value of shares traded) increased by 160.09% from NGN7.39B to NGN19.23B in 8,958.00 deals.
Market breadth (2.15x) signified Fifty-eight (58) advancers, as against Twenty-seven (27) decliners. Volume was up for 83 companies and down for 72


Top ASI Gainers Over Last 5 Trading Days

SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
WAPCO70.1530.097.5618.2618.26103.92139.52
CONHALLPLC2.3623.004.2414.4214.4274.4784.96
GOLDBREW4.0720.819.8320.8120.8141.9041.90
CORNERST2.9017.193.4513.2113.2121.95100.00
ABBEYBDS2.8016.670.006.066.061.8214.75
ETERNA22.7512.743.083.083.08-21.8354.28
LASACO2.3812.680.843.003.004.3526.32
AFRIPRUD9.9012.222.022.022.02-6.0538.36
NEM8.6010.599.309.309.3010.5962.07
VFDGROUP44.509.880.000.000.00-1.11-78.07

Top ASI Losers Over Last 5 Trading Days

SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
LEARNAFRCA3.25-11.75-9.85-11.75-11.75-9.85-8.15
MERVALUE189.00-10.000.000.000.00-23.48469.62
ETRANZACT6.75-10.000.000.000.00-10.0011.57
JOHNHOLT8.03-9.980.00-9.98-9.98188.85246.12
LOTUSHAL1521.00-9.81-9.81-9.81-9.81-42.61-16.19
STERLINGNG4.75-9.63-7.16-8.13-8.13-8.131.38
ARADEL471.90-8.700.02-8.70-8.70-38.93-38.93
STANBICETF30370.00-7.73-1.24-7.73-7.73-26.92-46.34
ELLAHLAKES3.18-7.38-5.35-14.73-14.73-24.56-1.31
DAARCOMM0.56-6.561.79-5.00-5.00-24.00-42.42

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"


GOLDEN GUINEA BREW. PLC. (GOLDBREW) topped the advancers list closing at N4.47 with a gain of 9.83% followed by THOMAS WYATT NIG. PLC. (THOMASWY) which closed at N1.90 with a gain of 9.83%.

On the flip side SUNU ASSURANCES NIGERIA PLC. (SUNUASSUR) and LEARN AFRICA PLC (LEARNAFRCA) topped the decliners log with a loss of -9.85% at a close of N4.21, and -9.85% to close the day at N2.93 respectively.

Top Gainers
SymbolLClose%Chg
GOLDBREW4.479.83
THOMASWY1.909.83
FTNCOCOA1.969.50
DEAPCAP1.169.43
NEM9.409.30
Top Losers
SymbolLClose%Chg
SUNUASSUR4.21-9.85
LEARNAFRCA2.93-9.85
LOTUSHAL1518.94-9.81
HMCALL5.86-9.15
PZ22.00-8.71

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 0.66%(11.17) 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
THOMASWY1.908.951.860.000.001.16418.00M502.87K16.00906.11K04-Dec-2024 14:30:20.467
FTNCOCOA1.968.671.860.000.001.687.64B5.54M79.0010.76M04-Dec-2024 14:30:17.837
DEAPCAP1.168.621.15183.650.0114.151.74B1.16M29.001.32M04-Dec-2024 14:30:17.220
SEPLAT5,700.007.025,575.6324.92212.701.143,354.13B1.42M152.008.03B04-Dec-2024 14:30:44.923
NCR4.505.114.470.000.0070.26486.00M221.34K8.00994.27K04-Dec-2024 14:30:19.167
NGXOILGAS2,464.703.112,421.538.74228.150.000.001.85M318.008.08B04-Dec-2024 14:30:32.930
UPDCREIT5.200.965.179.090.5710.8713.88B659.97K31.003.44M04-Dec-2024 14:30:34.370
TRANSCORP44.000.6843.710.000.000.231,788.51B4.12M173.00181.12M04-Dec-2024 14:30:44.400
ASI98,174.990.4897,749.9811.84457.690.000.00515.79M8,958.0019.23B04-Dec-2024 14:30:32.687
BUACEMENT95.000.0094.870.000.002.113,217.11B429.23K96.0038.56M04-Dec-2024 14:30:16.750


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
FBNH26.05-1.7326.2611.382.331.51935.07B4.32M278.00112.95M04-Dec-2024 14:30:44.887
WEMABANK8.30-4.828.66219.440.045.75106.72B2.51M88.0021.13M04-Dec-2024 14:30:21.313
LINKASSURE0.90-5.560.9163.220.025.2612.60B900.82K12.00809.61K04-Dec-2024 14:30:18.670
VITAFOAM22.20-5.8622.299.172.566.6427.77B1.40M31.0031.10M04-Dec-2024 14:30:21.270
CILEASING3.91-6.143.976.500.641.203.06B645.12K33.002.54M04-Dec-2024 14:30:44.300
ROYALEX0.59-6.780.600.000.007.943.04B1.10M12.00665.85K04-Dec-2024 14:30:20.050
PZ22.00-9.5522.9348.380.504.1987.35B9.39M89.00210.47M04-Dec-2024 14:30:44.377


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
TANTALIZERTANTALIZERS PLC88.33M4.81M1,734.701.251.222.4667108.28M
WAPCOLAFARGE WAPCO PLC.57.24M4.63M1,137.2275.4570.157.561,3664.22B
CUTIXCUTIX PLC.37.12M3.77M884.232.292.242.235585.37M
GTCOGUARANTY TRUST HOLDING COMPANY PLC26.03M10.94M137.9852.6552.500.291851.37B
UPDCUPDC PLC14.58M2.91M400.641.501.500.007921.87M


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
CONHALLPLC2.1268.470.030.9484.9629.190.06
CORNERST5.528.250.350.88100.0029.190.12
WAPIC3.0062.010.020.8847.8329.190.12
TANTALIZER1.640.000.000.86155.1029.190.14
DEAPCAP14.15183.650.010.8584.1329.190.15
FLOURMILL2.2183.520.980.84146.2229.190.16
MAYBAKER3.9256.360.140.8345.7129.190.17
AFRIPRUD1.5216.350.610.8138.3629.190.19
UNILEVER2.8167.090.400.7978.8629.190.21
FIDELITYBK5.3813.491.170.7840.3529.190.22


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 Exchange274.150.790.29
Botswana Stock Exchange9,970.301.990.02
Egyptian Exchange30,628.74103.780.34
Johannesburg Stock Exchange85,818.8185.730.10
Lusaka Stock Exchange15,839.04-3.17-0.02
Casablanca Stock Exchange14,728.128.830.06
Malawi Stock Exchange163,697.49-49.12-0.03
Nigeria Stock Exchange97,702.56-29.32-0.03
Nairobi Securities Exchange112.07-0.67-0.59
Namibian Stock Exchange1,874.71-11.70-0.62
Rwanda Stock Exchange146.660.000.00
Tunis Stock Exchange9,881.015.930.06
Uganda Securities Exchange1,140.41-7.35-0.64
Nigeria Market Indexes
SymbolLClose%ChgWTD%MTD%QTD%YTD%MktCapTrades
ASI98,174.990.480.450.45-0.0629.198,958
NGX303,709.210.630.960.961.6830.665,462
NGXAFRBVI2,397.230.350.770.7716.6216.611,495
NGXAFRHDYI15,009.260.461.161.1610.49103.001,570
NGXASEM1,583.710.000.000.000.00147.635
NGXBNK1,031.70-0.070.750.7511.4715.381,860
NGXCG2,671.391.252.092.0912.7720.465,613
NGXCNSMRGDS1,593.98-0.17-0.39-0.390.8341.64892
NGXGROWTH6,178.090.050.040.0419.765.1537
NGXINDUSTR3,622.230.811.811.81-4.8630.751,656
NGXINS519.911.604.334.3319.7760.13584
NGXLOTUSISLM6,409.711.292.942.945.4437.022,131
NGXMAINBOARD4,717.51-0.08-0.53-0.53-2.2332.845,521
NGXMERIGRW6,166.840.491.131.1315.8334.05980
NGXMERIVAL10,235.064.555.785.7831.9193.753,665
NGXOILGAS2,464.703.213.123.1223.96135.44318
NGXPENBRD1,761.650.600.970.972.9732.437,396
NGXPENSION4,332.920.811.301.308.9932.035,948
NGXPREMIUM9,431.001.552.362.364.9430.173,400
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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