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InfoWARE Analyst Daily Market Report (31-Dec-2024 15:07:21.623)
(Source: InfoWARE Terminal, Date: 31-Dec-2024)
Dear Investor,
InfoWARE Analyst Daily Market Report - 31-Dec-2024 15:07:21.622

The Nigerian equities market recorded another down day, as the NGX All-Share Index (NGXASI) closed the day down by -0.22%, to bring the Year-to-Date returns up 35.45%. The All Share Index closed at 102,926.40 against the previous close of 103,149.35, volume traded decreased by -34.95% from 630.45M to 410.08M, while market turnover (the total value of shares traded) increased by 100.73% from NGN13.60B to NGN27.29B in 8,284.00 deals.
Market breadth (1.26x) signified Fifty-three (53) advancers, as against Forty-two (42) decliners. Volume was up for 62 companies and down for 106


Top ASI Gainers Over Last 5 Trading Days

SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
NEWGOLD31,000.0035.4835.4835.4840.0055.56182.83
PRESTIGE1.1021.0010.0010.0055.13132.69163.04
MECURE12.6520.879.889.8821.4065.4828.70
LIVINGTRUST3.9920.669.779.7746.0035.1946.98
CONHALLPLC3.1420.639.879.8760.47144.68159.40
NEIMETH2.0920.539.579.575.0518.6518.04
MULTIVERSE6.7020.499.709.7024.58-18.33-64.01
SOVRENINS1.0220.439.809.8040.0083.61160.47
WAPIC2.0520.329.769.76125.00167.86226.09
UNIVINSURE0.6020.0010.0010.00100.0088.57153.85

Top ASI Losers Over Last 5 Trading Days

SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
VSPBONDETF205.00-29.310.000.00-0.9757.69-65.83
PZ26.10-16.21-6.90-6.900.8324.62-16.21
ETERNA27.00-14.74-10.00-10.006.81-19.0059.87
VETINDETF46.50-10.00-10.00-10.00-7.00-12.8157.92
UNIONDICON8.00-10.00-10.00-10.00-10.00-10.00-11.11
NGXGROUP27.25-9.170.000.008.5729.7615.96
CHAMPION4.15-8.85-8.19-8.19-4.0322.51-7.07
SIAMLETF40810.00-7.42-1.24-1.24-4.76-7.5060.00
Ikejahotel11.25-7.410.000.0051.0160.7170.45
CADBURY23.00-6.52-6.52-6.520.9420.4525.73

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 N41,999.90 with a gain of 35.48% followed by BETA GLASS CO PLC. (BETAGLAS) which closed at N64.90 with a gain of 10.00%.

On the flip side ETERNA PLC. (ETERNA) and UNION DICON SALT PLC. (UNIONDICON) topped the decliners log with a loss of -10.00% at a close of N24.30, and -10.00% to close the day at N7.20 respectively.

Top Gainers
SymbolLClose%Chg
NEWGOLD41,999.9035.48
BETAGLAS64.9010.00
PRESTIGE1.2110.00
UNIVINSURE0.6610.00
OKOMUOIL444.009.98
Top Losers
SymbolLClose%Chg
ETERNA24.30-10.00
UNIONDICON7.20-10.00
VETINDETF41.85-10.00
CHAMPION3.81-8.19
PZ24.30-6.90

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"
SymbolPrice%Chg15DMAPEEPSDivYMktCapVolTradesValueLstTradeTime
NEWGOLD41,999.9026.1936,239.530.000.000.000.009.002.00368.00K31-Dec-2024 12:31:10.460
FGSUK2031S491.0012.0886.330.000.00215.002.00195.65K31-Dec-2024 12:30:48.010
THOMASWY1.898.991.860.000.001.05415.80M274.18K12.00518.20K31-Dec-2024 12:30:42.557
VITAFOAM23.006.0922.518.662.567.0328.77B569.22K42.0013.00M31-Dec-2024 12:30:43.607
VETGRIF3037.604.2636.150.000.0091.002.003.28K31-Dec-2024 12:31:10.557
WAPCO69.951.3669.1324.602.872.701,126.74B2.36M138.00163.70M31-Dec-2024 12:31:10.800
FTNCOCOA1.821.101.810.000.001.607.10B3.25M33.005.89M31-Dec-2024 12:31:10.140


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
FGS202663116.090.00116.090.000.000.000.000.0031-Dec-2024 12:30:47.547
FGS202677110.000.00110.000.000.000.000.000.0031-Dec-2024 12:30:47.627
FGS20276053.270.0053.270.000.000.000.000.0031-Dec-2024 12:30:47.693
FGS202774130.000.00130.000.000.000.000.000.0031-Dec-2024 12:30:47.870
OANDO66.00-1.5266.4524.102.531.15820.47B1.08M206.0071.17M31-Dec-2024 12:30:41.797
CUTIX2.30-5.222.338.810.266.528.10B2.00M66.004.66M31-Dec-2024 12:30:34.170
CADBURY21.50-6.9821.5433.250.641.8840.38B335.18K53.007.17M31-Dec-2024 12:30:33.863
CHAMPION3.81-8.923.95412.830.010.4129.83B473.42K6.001.80M31-Dec-2024 12:30:34.013
ETERNA24.30-11.1125.1229.510.750.6831.69B1.12M98.0028.11M31-Dec-2024 12:30:34.430
VETINDETF41.85-11.1145.190.000.001.21K3.0055.92K31-Dec-2024 12:31:10.577


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

Economic Indicators - Nigeria FX Reserves Vs ASI Chart

For more detailed analysis,



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
UNIVINSUREUNIVERSAL INSURANCE COMPANY PLC24.63M9.99M146.490.660.6010.0011116.10M
PRESTIGEPRESTIGE ASSURANCE CO. PLC.24.25M6.84M254.631.211.1010.0010229.25M
SKYAVNSKYWAY AVIATION HANDLING COMPANY PLC22.15M163.55K13,442.6633.4533.150.9050662.19M
ARADELARADEL HOLDINGS PLC21.72M3.30M558.04598.00600.00-0.3332612.97B
PZP Z CUSSONS NIGERIA PLC.18.78M1.07M1,651.5224.3026.10-6.9036456.44M


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,



African Markets
NameLCloseChange%Chg
BRVM Stock Exchange272.21-0.27-0.10
Botswana Stock Exchange10,049.110.000.00
Egyptian Exchange29,325.20-269.31-0.91
Ghana Stock Exchange4,888.530.000.00
Johannesburg Stock Exchange83,945.55-788.02-0.93
Lusaka Stock Exchange15,438.05-1.54-0.01
Casablanca Stock Exchange14,719.2270.310.48
Malawi Stock Exchange169,921.78794.900.47
Nigeria Stock Exchange103,149.351,011.170.99
Nairobi Securities Exchange123.120.730.60
Namibian Stock Exchange1,796.85-9.94-0.55
Rwanda Stock Exchange148.840.000.00
Tunis Stock Exchange9,890.112.970.03
Uganda Securities Exchange1,177.1912.231.05
Nigeria Market Indexes
SymbolLClose%ChgWTD%MTD%QTD%YTD%MktCapTrades
ASI102,926.40-0.22-0.225.314.7835.458,284
NGX303,811.94-0.23-0.233.754.4934.284,084
NGXAFRBVI2,467.38-0.56-0.563.7220.0320.031,334
NGXAFRHDYI16,642.63-0.32-0.3212.1722.51125.091,330
NGXASEM1,583.710.000.000.000.00147.635
NGXBNK1,084.52-0.34-0.345.9017.1821.281,723
NGXCG2,814.39-0.53-0.537.5518.8126.914,201
NGXCNSMRGDS1,731.67-0.29-0.298.219.5453.88844
NGXGROWTH7,762.868.998.9925.7050.4832.1314
NGXINDUSTR3,572.170.170.170.41-6.1728.94499
NGXINS718.004.934.9344.0865.41121.14882
NGXLOTUSISLM6,955.891.091.0911.7114.4248.691,130
NGXMAINBOARD4,988.790.100.105.193.3940.486,292
NGXMERIGRW6,490.690.400.406.4521.9141.091,204
NGXMERIVAL10,375.320.120.127.2333.7296.411,994
NGXOILGAS2,712.060.430.4313.4736.40159.07434
NGXPENBRD1,826.89-0.23-0.234.716.7937.336,301
NGXPENSION4,521.13-0.31-0.315.7013.7237.764,575
NGXPREMIUM9,719.75-0.86-0.865.498.1534.161,978
NGXSOVBND601.54-3.22-3.22-3.40-3.65-20.821

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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