InfoWARE Analyst Daily Market Report (10-Dec-2024 15:07:55.496)

InfoWARE Analyst Daily Market Report (10-Dec-2024 15:07:55.496)
(Source: InfoWARE Terminal, Date: 10-Dec-2024)

Dear Investor,

InfoWARE Analyst Daily Market Report - 10-Dec-2024 15:07:55.494

The Nigerian equities market recorded another up day, as the NGX All-Share Index (NGXASI) closed the day up by 0.10%, to bring the Year-to-Date returns up 29.24%. The All Share Index closed at 98,206.97 against the previous close of 98,107.52, volume traded increased by 764.27% from 108.27M to 935.79M, while market turnover (the total value of shares traded) increased by 630.58% from NGN1.71B to NGN12.51B in 8,717.00 deals.
Market breadth (1.86x) signified Fifty-two (52) advancers, as against Twenty-eight (28) decliners. Volume was up for 86 companies and down for 79

Top ASI Gainers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
GOLDBREW	5.94	32.99	9.93	9.93	76.49	107.30	107.30
AFRIPRUD	11.85	27.45	9.70	9.70	31.31	20.93	78.08
SUNUASSUR	5.05	16.85	7.13	7.13	27.29	218.24	347.11
TANTALIZER	1.33	16.80	9.77	9.77	15.87	124.62	197.96
NEWGOLD	26,603.00	12.78	12.77	12.77	0.00	11.11	102.02
WAPIC	1.17	12.26	1.71	1.71	19.00	41.67	72.46
CONOIL	299.00	10.34	7.02	7.02	15.94	90.48	281.41
SOVRENINS	0.80	10.26	7.50	7.50	7.50	40.98	100.00
NGXGROUP	27.50	10.00	0.00	0.00	9.56	30.95	17.02
ABCTRANS	1.14	9.65	9.65	9.65	10.62	20.19	40.45

Top ASI Losers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
WAPCO	70.50	-12.04	-7.80	-7.80	1.88	75.68	106.35
CONHALLPLC	2.40	-11.54	-4.17	-4.17	6.98	63.12	72.93
RTBRISCOE	2.30	-10.20	-4.35	-4.35	-12.00	-34.72	260.66
JOHNHOLT	8.03	-9.96	-9.96	-9.96	-18.95	160.07	211.64
HMCALL	5.85	-9.91	-9.91	-9.91	-18.29	24.88	24.88
MORISON	4.45	-9.89	-9.89	-9.89	-9.89	-9.89	43.21
CORNERST	3.03	-6.97	1.32	1.32	15.85	24.80	104.67
UPDCREIT	5.15	-6.73	-5.83	-5.83	-5.83	-8.49	-30.71
ETERNA	22.10	-6.51	0.68	0.68	-2.20	-25.83	46.38
VETGRIF30	36.00	-6.49	0.00	0.00	-6.49	-0.28	29.03

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"

NEWGOLD EXCHANGE TRADED FUND (ETF) (NEWGOLD) topped the advancers list closing at N30,000.00 with a gain of 12.77% followed by GOLDEN GUINEA BREW. PLC. (GOLDBREW) which closed at N6.53 with a gain of 9.93%.

On the flip side JOHN HOLT PLC. (JOHNHOLT) and HALDANE MCCALL PLC (HMCALL) topped the decliners log with a loss of -9.96% at a close of N7.23, and -9.91% to close the day at N5.27 respectively.

Top Gainers

Symbol	LClose	%Chg
NEWGOLD	30,000.00	12.77
GOLDBREW	6.53	9.93
GUINEAINS	0.56	9.80
TANTALIZER	1.46	9.77
AFRIPRUD	13.00	9.70

Top Losers

Symbol	LClose	%Chg
JOHNHOLT	7.23	-9.96
HMCALL	5.27	-9.91
MORISON	4.01	-9.89
WAPCO	65.00	-7.80
UPDCREIT	4.85	-5.83

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 0.70%(11.19) 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
NEWGOLD	30,000.00	11.32	29,093.74	0.00	0.00	0.00	0.00	10.00	1.00	300.00K	10-Dec-2024 14:30:56.637
GUINEAINS	0.56	8.93	0.53	66.79	0.01	1.96	3.44B	3.64M	27.00	2.04M	10-Dec-2024 14:30:18.123
ABCTRANS	1.25	8.80	1.18	6.68	0.17	2.19	2.99B	883.59K	40.00	1.07M	10-Dec-2024 14:30:14.480
LEARNAFRCA	3.21	8.72	3.18	5.79	0.51	8.53	2.48B	387.91K	15.00	1.25M	10-Dec-2024 14:30:18.873
REGALINS	0.50	8.00	0.48	4.35	0.11	6.52	3.33B	4.30M	29.00	2.14M	10-Dec-2024 14:30:20.133
TIP	2.35	4.26	2.26			0.00	2.09B	715.52K	19.00	1.59M	10-Dec-2024 14:31:04.333
STERLINGNG	4.89	3.89	4.75	15.75	0.30	3.19	140.79B	138.43M	209.00	677.47M	10-Dec-2024 14:30:20.460
MTNN	176.00	3.35	170.82	16,715.80	0.01	3.29	3,582.39B	24.68M	313.00	4.32B	10-Dec-2024 14:30:56.920
CUTIX	2.34	1.71	2.33	8.81	0.26	6.52	8.24B	2.56M	64.00	5.94M	10-Dec-2024 14:30:17.067
NGXCNSMRGDS	1,594.78	0.17	1,594.21	30.19	55.24	0.00	0.00	13.49M	814.00	716.71M	10-Dec-2024 14:30:30.660

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
FG202033S6	98.90	0.00	98.90			0.00	0.00	0.00	0.00	0.00	10-Dec-2024 14:30:27.623
FLOURMILL	80.95	-0.68	80.98	83.52	0.98	2.21	331.93B	4.23M	133.00	333.83M	10-Dec-2024 14:30:17.887
ZENITHBANK	44.00	-0.80	44.14	3.33	13.30	2.25	1,381.45B	12.19M	344.00	536.14M	10-Dec-2024 14:31:03.883
NGXINDUSTR	3,566.02	-0.84	3,574.78	39.90	18.97	0.00	0.00	38.45M	1,056.00	1.87B	10-Dec-2024 14:30:30.750
PRESTIGE	0.78	-2.56	0.79	10.49	0.08	2.50	10.34B	2.86M	37.00	2.26M	10-Dec-2024 14:30:56.250
HMCALL	5.27	-11.01	5.76	0.00	0.00	0.00	0.00	256.70K	32.00	1.38M	10-Dec-2024 14:30:18.240

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
WAPIC	WAPIC INSURANCE PLC	457.64M	8.36M	5,371.72	1.19	1.17	1.71	77	503.81M
STERLINGNG	STERLING FINANCIAL HOLDINGS COMPANY PLC	138.43M	16.37M	745.79	4.89	4.70	4.04	209	677.47M
MTNN	MTN NIGERIA PLC	24.68M	1.84M	1,239.57	176.00	170.10	3.47	313	4.32B
WAPCO	LAFARGE WAPCO PLC.	18.49M	6.07M	204.62	65.00	70.50	-7.80	549	1.21B
CAP	CAP PLC	17.08M	403.93K	4,128.64	37.00	37.50	-1.33	260	632.14M

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	275.13	-0.28	-0.10
Botswana Stock Exchange	10,017.65	42.89	0.43
Egyptian Exchange	31,005.12	-55.91	-0.18
Ghana Stock Exchange	4,738.49	0.00	0.00
Johannesburg Stock Exchange	87,642.75	704.20	0.81
Lusaka Stock Exchange	15,818.05	-7.91	-0.05
Casablanca Stock Exchange	14,798.42	35.43	0.24
Malawi Stock Exchange	165,747.25	594.55	0.36
Nigeria Stock Exchange	98,107.52	-108.04	-0.11
Nairobi Securities Exchange	116.10	0.89	0.77
Namibian Stock Exchange	1,893.76	15.96	0.85
Rwanda Stock Exchange	147.64	0.88	0.60
Tunis Stock Exchange	9,924.31	-15.90	-0.16
Uganda Securities Exchange	1,141.47	8.61	0.76

Nigeria Market Indexes

Symbol	LClose	%Chg	WTD%	MTD%	QTD%	YTD%	Trades
ASI	98,206.97	0.10	0.10	0.48	-0.03	29.24	8,717
NGX30	3,710.13	0.05	0.05	0.98	1.70	30.69	4,750
NGXAFRBVI	2,387.56	-0.44	-0.44	0.36	16.15	16.14	1,535
NGXAFRHDYI	15,269.56	0.50	0.50	2.91	12.40	106.52	1,690
NGXASEM	1,583.71	0.00	0.00	0.00	0.00	147.63	2
NGXBNK	1,033.29	-0.20	-0.20	0.90	11.64	15.55	1,938
NGXCG	2,671.04	0.05	0.05	2.07	12.76	20.45	4,777
NGXCNSMRGDS	1,594.78	0.17	0.17	-0.34	0.88	41.72	814
NGXGROWTH	6,190.39	0.13	0.13	0.24	20.00	5.36	47
NGXINDUSTR	3,566.02	-0.84	-0.84	0.23	-6.34	28.72	1,056
NGXINS	543.11	1.98	1.98	8.99	25.12	67.28	787
NGXLOTUSISLM	6,392.08	-0.89	-0.89	2.65	5.15	36.64	1,637
NGXMAINBOARD	4,728.70	0.11	0.11	-0.30	-2.00	33.16	6,084
NGXMERIGRW	6,159.33	-0.27	-0.27	1.01	15.69	33.89	1,271
NGXMERIVAL	10,010.90	-0.94	-0.94	3.46	29.02	89.51	2,748
NGXOILGAS	2,548.84	1.64	1.64	6.65	28.19	143.48	297
NGXPENBRD	1,763.39	0.09	0.09	1.07	3.08	32.56	7,133
NGXPENSION	4,331.24	0.08	0.08	1.26	8.95	31.98	5,526
NGXPREMIUM	9,397.80	0.09	0.09	2.00	4.57	29.72	2,586
NGXSOVBND	622.34	0.00	0.00	-0.06	-0.31	-18.09	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"