InfoWARE Analyst Daily Market Report (07-Jan-2025 15:10:49.885)

InfoWARE Analyst Daily Market Report (07-Jan-2025 15:10:49.885)
(Source: InfoWARE Terminal, Date: 07-Jan-2025)

Dear Investor,

InfoWARE Analyst Daily Market Report - 07-Jan-2025 15:10:49.883

The Nigerian equities market recorded another down day, as the NGX All-Share Index (NGXASI) closed the day down by -0.24%, to bring the Year-to-Date returns up 0.21%. The All Share Index closed at 103,398.82 against the previous close of 103,648.24, volume traded increased by 31.04% from 844.04M to 1.11B, while market turnover (the total value of shares traded) increased by 12.16% from NGN12.46B to NGN13.97B in 16,020.00 deals.
Market breadth (0.29x) signified Twenty-two (22) advancers, as against Seventy-seven (77) decliners. Volume was up for 79 companies and down for 91

Top ASI Gainers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
NCR	6.65	32.73	9.77	9.77	32.73	32.73	32.73
DAARCOMM	0.77	23.53	9.09	9.09	23.53	23.53	23.53
ABBEYBDS	3.30	21.00	10.00	10.00	21.00	21.00	21.00
LEARNAFRCA	4.95	20.89	9.90	9.90	20.89	20.89	20.89
JOHNHOLT	9.41	20.80	0.00	0.00	20.80	20.80	20.80
TRANSEXPR	1.82	20.53	0.00	0.00	20.53	20.53	20.53
MULTIVERSE	8.85	20.50	9.60	9.60	20.50	20.50	20.50
REGALINS	0.96	20.00	0.00	0.00	20.00	20.00	20.00
WEMABANK	11.00	19.23	-1.36	-1.36	19.23	19.23	19.23
SOVRENINS	1.48	17.07	-2.70	-2.70	17.07	17.07	17.07

Top ASI Losers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
VSPBONDETF	265.00	-25.71	-1.89	-1.89	-25.71	-25.71	-25.71
SUNUASSUR	11.12	-14.08	-9.98	-9.98	-14.08	-14.08	-14.08
VETINDETF	37.70	-9.92	0.00	0.00	-9.92	-9.92	-9.92
MERGROWTH	355.50	-9.89	0.00	0.00	-9.89	-9.89	-9.89
MERVALUE	170.00	-9.86	5.88	5.88	-9.86	-9.86	-9.86
TOTAL	630.00	-9.74	0.00	0.00	-9.74	-9.74	-9.74
CWG	7.15	-7.38	-3.50	-3.50	-7.38	-7.38	-7.38
VITAFOAM	24.40	-6.05	-7.79	-7.79	-6.05	-6.05	-6.05
UACN	31.25	-5.16	0.00	0.00	-5.16	-5.16	-5.16
CONHALLPLC	4.00	-4.75	-9.75	-9.75	-4.75	-4.75	-4.75

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 N3.63 with a gain of 10.00% followed by P Z CUSSONS NIGERIA PLC. (PZ) which closed at N27.50 with a gain of 10.00%.

On the flip side FTN COCOA PROCESSORS PLC (FTNCOCOA) and R T BRISCOE PLC. (RTBRISCOE) topped the decliners log with a loss of -10.00% at a close of N1.80, and -10.00% to close the day at N2.70 respectively.

Top Gainers

Symbol	LClose	%Chg
ABBEYBDS	3.63	10.00
PZ	27.50	10.00
LEARNAFRCA	5.44	9.90
NCR	7.30	9.77
NGXGROUP	29.90	9.72

Top Losers

Symbol	LClose	%Chg
FTNCOCOA	1.80	-10.00
RTBRISCOE	2.70	-10.00
VERITASKAP	1.53	-10.00
SUNUASSUR	10.01	-9.98
CORNERST	4.15	-9.98

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
NGXGROUP	29.90	8.86	28.48	0.00	0.00	2.73	58.73B	408.31K	44.00	11.78M	07-Jan-2025 14:30:16.020

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
ELLAHLAKES	3.05	-1.64	3.08	0.00	0.00	0.00	6.10B	7.74M	144.00	24.09M	07-Jan-2025 14:30:11.753
UBA	34.05	-2.50	34.18	8.29	4.05	5.96	1,164.49B	14.82M	581.00	507.30M	07-Jan-2025 14:30:36.080
CWG	6.90	-3.62	7.06	0.00	0.00	2.46	17.42B	4.10M	106.00	27.14M	07-Jan-2025 14:30:11.323
ZENITHBANK	44.95	-3.78	45.40	3.33	13.30	2.25	1,411.27B	7.67M	525.00	346.03M	07-Jan-2025 14:30:36.153
FGSUK2025S2	95.00	-5.26	95.20			0.00	0.00	7.02K	4.00	6.39M	07-Jan-2025 14:30:21.813
VITAFOAM	22.50	-8.44	22.94	8.66	2.56	7.03	28.14B	1.26M	63.00	28.40M	07-Jan-2025 14:30:35.503
STANBICETF30	400.00	-11.00	407.07			0.00	0.00	600.00	1.00	240.00K	07-Jan-2025 14:30:35.780
FTNCOCOA	1.80	-11.11	1.84	0.00	0.00	1.60	7.02B	14.53M	122.00	27.15M	07-Jan-2025 14:30:12.987

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
FBNH	FBN HOLDINGS PLC	161.46M	18.37M	778.88	29.50	28.90	2.08	395	4.72B
AIICO	AIICO INSURANCE PLC.	120.70M	9.52M	1,167.40	1.71	1.89	-9.52	806	225.44M
TANTALIZER	TANTALIZERS PLC	104.76M	8.79M	1,091.88	2.52	2.71	-7.01	293	267.39M
UNIVINSURE	UNIVERSAL INSURANCE COMPANY PLC	93.81M	10.96M	755.78	0.78	0.86	-9.30	392	78.06M
REGALINS	REGENCY ALLIANCE INSURANCE COMPANY PLC	47.32M	3.22M	1,370.39	0.96	0.96	0.00	242	44.55M

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	275.83	-0.08	-0.03
Botswana Stock Exchange	10,053.87	5.02	0.05
Egyptian Exchange	29,929.64	-253.54	-0.84
Ghana Stock Exchange	4,890.00	0.00	0.00
Johannesburg Stock Exchange	84,745.50	33.88	0.04
Lusaka Stock Exchange	15,402.76	15.39	0.10
Casablanca Stock Exchange	15,559.07	61.99	0.40
Malawi Stock Exchange	173,898.37	692.82	0.40
Nigeria Stock Exchange	103,648.24	62.15	0.06
Nairobi Securities Exchange	127.28	0.92	0.73
Namibian Stock Exchange	1,824.66	11.06	0.61
Rwanda Stock Exchange	148.84	0.00	0.00
Tunis Stock Exchange	9,903.90	10.88	0.11
Uganda Securities Exchange	1,217.90	1.58	0.13

Nigeria Market Indexes

Symbol	LClose	%Chg	WTD%	MTD%	QTD%	YTD%	Trades
ASI	103,398.82	-0.24	-0.24	0.21	0.21	0.21	16,020
NGX30	3,819.33	-0.13	-0.13	0.12	0.12	0.12	6,374
NGXAFRBVI	2,477.51	-1.25	-1.25	-0.13	-0.13	-0.13	2,282
NGXAFRHDYI	17,015.30	-1.48	-1.48	-0.07	-0.07	-0.07	2,286
NGXASEM	1,583.71	0.00	0.00	0.00	0.00	0.00	11
NGXBNK	1,100.15	-0.64	-0.64	1.17	1.17	1.17	3,127
NGXCG	2,846.83	-0.61	-0.61	0.62	0.62	0.62	7,103
NGXCNSMRGDS	1,730.76	-0.38	-0.38	-0.21	-0.21	-0.21	1,299
NGXGROWTH	7,786.64	-0.35	-0.35	0.31	0.31	0.31	60
NGXINDUSTR	3,579.71	0.00	0.00	0.23	0.23	0.23	602
NGXINS	814.74	-7.68	-7.68	3.63	3.63	3.63	3,064
NGXLOTUSISLM	6,982.70	-0.02	-0.02	0.21	0.21	0.21	1,435
NGXMAINBOARD	5,013.19	-0.20	-0.20	0.18	0.18	0.18	12,998
NGXMERIGRW	6,642.04	-0.32	-0.32	1.82	1.82	1.82	2,146
NGXMERIVAL	10,429.67	-1.32	-1.32	-0.01	-0.01	-0.01	3,181
NGXOILGAS	2,693.32	-0.10	-0.10	-0.66	-0.66	-0.66	424
NGXPENBRD	1,836.96	-0.20	-0.20	0.29	0.29	0.29	11,982
NGXPENSION	4,555.88	-0.20	-0.20	0.48	0.48	0.48	7,373
NGXPREMIUM	9,758.75	-0.33	-0.33	0.27	0.27	0.27	2,962
NGXSOVBND	606.61	0.00	0.00	0.84	0.84	0.84	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"