InfoWARE Analyst Daily Market Report (24-Dec-2024 15:08:03.728)

InfoWARE Analyst Daily Market Report (24-Dec-2024 15:08:03.728)
(Source: InfoWARE Terminal, Date: 24-Dec-2024)

Dear Investor,

InfoWARE Analyst Daily Market Report - 24-Dec-2024 15:08:03.725

The Nigerian equities market recorded another up day, as the NGX All-Share Index (NGXASI) closed the day up by 0.82%, to bring the Year-to-Date returns up 34.47%. The All Share Index closed at 102,186.03 against the previous close of 101,356.15, volume traded decreased by -20.09% from 488.67M to 390.50M, while market turnover (the total value of shares traded) decreased by -44.71% from NGN12.14B to NGN6.72B in 7,838.00 deals.
Market breadth (2.40x) signified Sixty (60) advancers, as against Twenty-five (25) decliners. Volume was up for 45 companies and down for 114

Top ASI Gainers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
HONYFLOUR	6.65	26.00	4.21	4.21	55.73	45.89	108.73
UNIVINSURE	0.48	25.00	4.17	4.17	51.52	42.86	92.31
MRS	198.00	24.03	10.00	10.00	65.00	64.13	107.43
REGALINS	0.64	22.81	9.38	9.38	52.17	-14.63	79.49
LOTUSHAL15	20.83	20.96	9.99	9.99	9.10	-30.58	1.37
Ikejahotel	10.05	20.77	9.95	9.95	48.32	57.86	67.42
AFRIPRUD	19.05	20.57	0.00	0.00	92.42	77.21	160.96
PRESTIGE	0.88	18.75	7.95	7.95	21.79	82.69	106.52
SUNUASSUR	8.23	18.42	0.00	0.00	93.65	384.12	580.17
CWG	7.40	18.32	4.73	4.73	30.25	19.23	-9.88

Top ASI Losers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
ARADEL	600.00	-17.85	0.00	0.00	16.05	-22.37	-22.37
THOMASWY	1.90	-10.00	-10.00	-10.00	-10.47	-13.64	-29.63
AUSTINLAZ	1.65	-9.84	0.00	0.00	-17.09	-17.50	-18.72
STANBICETF30	409.99	-5.37	-5.36	-5.36	-2.02	-22.40	-43.03
HMCALL	5.00	-5.00	-5.00	-5.00	-26.36	12.56	12.56
WAPIC	1.79	-4.49	-5.03	-5.03	70.00	102.38	146.38
NASCON	32.40	-4.32	-4.32	-4.32	-4.32	0.00	-42.59
OANDO	63.50	-3.94	3.62	3.62	2.02	-14.55	506.45
LIVESTOCK	4.00	-3.80	-5.00	-5.00	8.57	39.71	120.93
FIDSON	14.50	-3.45	-3.45	-3.45	-9.09	-11.11	-20.00

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"

MRS OIL NIGERIA PLC. (MRS) topped the advancers list closing at N217.80 with a gain of 10.00% followed by LOTUS HALAL EQUITY ETF (LOTUSHAL15) which closed at N22.91 with a gain of 9.99%.

On the flip side MERISTEM VALUE EXCHANGE TRADED FUND (MERVALUE) and THOMAS WYATT NIG. PLC. (THOMASWY) topped the decliners log with a loss of -10.00% at a close of N202.50, and -10.00% to close the day at N1.71 respectively.

Top Gainers

Symbol	LClose	%Chg
MRS	217.80	10.00
LOTUSHAL15	22.91	9.99
Ikejahotel	11.05	9.95
MULTIVERSE	5.55	9.90
SKYAVN	30.70	9.84

Top Losers

Symbol	LClose	%Chg
MERVALUE	202.50	-10.00
THOMASWY	1.71	-10.00
CAVERTON	2.27	-7.35
STANBICETF30	388.00	-5.36
WAPIC	1.70	-5.03

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 was unchanged against the dollar 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
FGS202518	85.00	8.24	84.87			0.00	0.00	200.00	1.00	170.00K	24-Dec-2024 12:30:45.073
OANDO	65.80	3.50	65.68	24.10	2.53	1.15	817.99B	2.03M	309.00	130.76M	24-Dec-2024 12:30:27.233
ELLAHLAKES	3.15	3.17	3.08	0.00	0.00	0.00	6.30B	2.48M	42.00	7.79M	24-Dec-2024 12:32:08.510
FGS202650	65.80	0.00	65.80			0.00	0.00	0.00	0.00	0.00	24-Dec-2024 12:31:02.763

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
TRANSCORP	43.25	-4.05	43.67	0.00	0.00	0.23	1,758.03B	1.06M	107.00	46.32M	24-Dec-2024 12:30:28.250
CUTIX	2.30	-4.35	2.31	8.81	0.26	6.52	8.10B	5.57M	93.00	12.96M	24-Dec-2024 12:30:24.140
UPDCREIT	5.00	-5.00	5.02	9.09	0.57	10.87	13.34B	2.60M	48.00	12.96M	24-Dec-2024 12:32:17.447
STANBICETF30	388.00	-5.67	401.26			0.00	0.00	114.00	1.00	44.23K	24-Dec-2024 12:32:11.120

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
UNIVINSURE	UNIVERSAL INSURANCE COMPANY PLC	49.62M	7.85M	531.66	0.50	0.48	4.17	217	25.07M
CILEASING	C & I LEASING PLC.	37.16M	2.97M	1,152.34	3.82	3.85	-0.78	65	134.02M
HONYFLOUR	HONEYWELL FLOUR MILL PLC	12.52M	2.93M	326.96	6.93	6.65	4.21	340	82.47M
INTBREW	INTERNATIONAL BREWERIES PLC.	10.18M	1.49M	585.46	5.55	5.50	0.91	109	54.92M
UPDC	UPDC PLC	7.39M	2.55M	189.88	1.50	1.48	1.35	55	11.03M

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	275.29	0.91	0.33
Egyptian Exchange	30,118.38	-255.14	-0.84
Johannesburg Stock Exchange	84,712.31	109.98	0.13
Lusaka Stock Exchange	15,546.53	-24.91	-0.16
Casablanca Stock Exchange	14,720.44	-1.47	-0.01
Malawi Stock Exchange	170,419.56	577.46	0.34
Nigeria Stock Exchange	101,356.15	222.49	0.22
Nairobi Securities Exchange	121.99	0.27	0.22
Namibian Stock Exchange	1,802.83	15.19	0.85
Rwanda Stock Exchange	148.60	0.00	0.00
Tunis Stock Exchange	9,888.19	3.95	0.04
Uganda Securities Exchange	1,164.74	5.68	0.49

Nigeria Market Indexes

Symbol	LClose	%Chg	WTD%	MTD%	QTD%	YTD%	Trades
ASI	102,186.03	0.82	0.82	4.56	4.02	34.47	7,838
NGX30	3,783.62	0.79	0.79	2.98	3.72	33.28	3,737
NGXAFRBVI	2,537.15	0.37	0.37	6.65	23.43	23.42	1,434
NGXAFRHDYI	16,613.35	0.77	0.77	11.97	22.30	124.69	1,507
NGXASEM	1,583.71	0.00	0.00	0.00	0.00	147.63	6
NGXBNK	1,105.61	0.98	0.98	7.96	19.46	23.64	1,886
NGXCG	2,833.72	1.60	1.60	8.29	19.63	27.78	4,057
NGXCNSMRGDS	1,704.08	0.49	0.49	6.49	7.80	51.43	1,134
NGXGROWTH	6,491.72	0.00	0.00	5.12	25.84	10.49	22
NGXINDUSTR	3,565.40	0.15	0.15	0.22	-6.35	28.70	377
NGXINS	652.83	1.49	1.49	31.00	50.39	101.07	773
NGXLOTUSISLM	6,764.57	1.11	1.11	8.63	11.28	44.60	985
NGXMAINBOARD	4,939.87	0.21	0.21	4.15	2.38	39.10	5,934
NGXMERIGRW	6,550.17	1.13	1.13	7.42	23.03	42.39	1,084
NGXMERIVAL	10,403.08	0.63	0.63	7.52	34.08	96.93	2,054
NGXOILGAS	2,715.72	0.14	0.14	13.63	36.58	159.42	395
NGXPENBRD	1,812.53	0.86	0.86	3.88	5.95	36.25	6,237
NGXPENSION	4,527.14	1.00	1.00	5.84	13.87	37.95	4,466
NGXPREMIUM	9,704.98	2.01	2.01	5.33	7.99	33.96	1,882
NGXSOVBND	621.97	0.00	0.00	-0.12	-0.37	-18.13	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"