Before it's here, it's on InfoWARE Market Data Terminal; Years of Fundamentals, Analytics and more... MTNN 10.00  HONYFLOUR 9.89  UNIVINSURE 9.86  NSLTECH 8.82  MULTIVERSE 7.98  TRANSCORP 7.27  FTNCOCOA 5.41  INTBREW 4.81  ROYALEX 4.55  REDSTAREX 4.12  UPDC -10.00  SUNUASSUR -9.99  GUINNESS -7.47  TANTALIZER -4.06  AIICO -3.72  FBNH -2.70  CAVERTON -2.04  WEMABANK -1.31  LINKASSURE -1.27  FCMB -0.96 
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InfoWARE Analyst Daily Market Report (08-Jan-2025 15:08:16.298)
(Source: InfoWARE Terminal, Date: 08-Jan-2025)
Dear Investor,
InfoWARE Analyst Daily Market Report - 08-Jan-2025 15:08:16.297

The Nigerian equities market recorded another up day, as the NGX All-Share Index (NGXASI) closed the day up by 0.80%, to bring the Year-to-Date returns up 1.02%. The All Share Index closed at 104,230.73 against the previous close of 103,398.82, volume traded decreased by -42.50% from 1.11B to 636.02M, while market turnover (the total value of shares traded) increased by 40.61% from NGN13.97B to NGN19.64B in 13,074.00 deals.
Market breadth (1.33x) signified Forty-eight (48) advancers, as against Thirty-six (36) decliners. Volume was up for 64 companies and down for 98


Top ASI Gainers Over Last 5 Trading Days

SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
VSPBONDETF260.0052.7030.3827.92-3.14-3.14-3.14
MULTIVERSE9.7032.309.7920.3432.3032.3032.30
DAARCOMM0.8428.577.1416.8832.3532.3532.35
NCR7.3020.660.009.7732.7332.7332.73
UPL4.2515.584.7111.2515.5815.5815.58
THOMASWY2.0815.560.009.479.479.479.47
WEMABANK10.8514.505.534.0925.8225.8225.82
TRANSCORP45.0013.7910.0012.5013.7913.7913.79
FBNH29.5012.526.618.8211.5211.5211.52
LINKASSURE1.4412.069.721.9422.4822.4822.48

Top ASI Losers Over Last 5 Trading Days

SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
SUNUASSUR10.01-21.65-9.99-18.97-22.66-22.66-22.66
CONHALLPLC3.61-15.00-5.82-15.00-10.29-10.29-10.29
RTBRISCOE2.70-13.33-3.70-13.33-5.45-5.45-5.45
CAVERTON2.45-12.500.00-7.55-3.92-3.92-3.92
CILEASING4.25-11.87-5.65-13.76-3.14-3.14-3.14
UNIVINSURE0.78-10.13-8.97-17.44-1.39-1.39-1.39
VETINDETF37.70-9.920.000.00-9.92-9.92-9.92
CORNERST4.15-9.66-5.30-14.75-0.76-0.76-0.76
JAIZBANK3.00-9.54-2.00-4.55-6.07-6.07-6.07
NSLTECH0.74-9.33-8.11-17.07-1.45-1.45-1.45

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"


VETIVA S & P NIGERIA SOVEREIGN BOND ETF (VSPBONDETF) topped the advancers list closing at N339.00 with a gain of 30.38% followed by NEWGOLD EXCHANGE TRADED FUND (ETF) (NEWGOLD) which closed at N32,500.00 with a gain of 12.04%.

On the flip side SUNU ASSURANCES NIGERIA PLC. (SUNUASSUR) and UNIVERSAL INSURANCE COMPANY PLC (UNIVINSURE) topped the decliners log with a loss of -9.99% at a close of N9.01, and -8.97% to close the day at N0.71 respectively.

Top Gainers
SymbolLClose%Chg
VSPBONDETF339.0030.38
NEWGOLD32,500.0012.04
MTNN220.0010.00
TRANSCORP49.5010.00
HONYFLOUR8.299.95
Top Losers
SymbolLClose%Chg
SUNUASSUR9.01-9.99
UNIVINSURE0.71-8.97
NSLTECH0.68-8.11
CONHALLPLC3.40-5.82
CILEASING4.01-5.65

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 0.00%(0.03) 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
MERGROWTH390.008.85386.400.000.007.001.002.73K08-Jan-2025 14:30:34.947
VITAFOAM24.508.1623.098.662.567.0330.65B790.00K42.0019.10M08-Jan-2025 14:30:15.460
NASCON31.600.0031.5724.281.333.0983.72B7.88M123.00248.98M08-Jan-2025 14:30:34.683


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
NGXAFRBVI2,465.93-0.472,465.943.1435.500.000.0056.36M2,033.001.96B08-Jan-2025 14:30:19.890
RTBRISCOE2.60-3.852.620.000.004.353.06B1.74M58.004.49M08-Jan-2025 14:30:14.603
CILEASING4.01-5.994.026.500.641.203.13B6.99M84.0028.09M08-Jan-2025 14:30:34.577
FGS20265060.00-50.0072.600.000.0010.001.006.00K08-Jan-2025 14:30:18.770
FGS20276650.00-100.0096.670.000.00120.001.0060.00K08-Jan-2025 14:30:19.090


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 PLC82.39M10.45M688.522.712.527.54192195.75M
UNIVINSUREUNIVERSAL INSURANCE COMPANY PLC56.62M12.32M359.380.710.78-8.9730940.56M
AIICOAIICO INSURANCE PLC.54.33M11.33M379.521.881.719.94352101.11M
GUINEAINSGUINEA INSURANCE PLC.25.50M6.67M282.330.990.972.0615424.99M
VERITASKAPVERITAS KAPITAL ASSURANCE PLC25.50M11.04M131.061.601.534.5820341.72M


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
HONYFLOUR1.4016.280.310.9919.801.020.01
DEAPCAP13.76188.840.010.895.001.020.11
VERITASKAP4.1748.770.020.887.381.020.12
WAPIC2.5672.550.020.768.101.020.24
LASACO4.0521.560.110.716.191.020.29
DAARCOMM0.000.000.000.7132.351.020.29
VETGRIF300.000.718.611.020.29
CUTIX6.528.810.260.706.321.020.30
ABBEYBDS1.430.000.000.7021.001.020.30
NEM6.5224.990.370.698.331.020.31


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 Exchange274.38-1.46-0.53
Botswana Stock Exchange10,055.452.010.02
Egyptian Exchange29,929.64-253.54-0.84
Johannesburg Stock Exchange84,141.54-601.68-0.71
Lusaka Stock Exchange15,429.0926.180.17
Casablanca Stock Exchange15,474.66-84.02-0.54
Malawi Stock Exchange173,715.88-173.89-0.10
Nigeria Stock Exchange103,398.82-248.75-0.24
Nairobi Securities Exchange128.431.150.90
Namibian Stock Exchange1,830.105.470.30
Rwanda Stock Exchange148.840.000.00
Uganda Securities Exchange1,233.0915.221.25
Nigeria Market Indexes
SymbolLClose%ChgWTD%MTD%QTD%YTD%MktCapTrades
ASI104,230.730.800.561.021.021.0213,074
NGX303,856.070.960.831.081.081.086,088
NGXAFRBVI2,465.93-0.47-1.71-0.60-0.60-0.602,033
NGXAFRHDYI16,977.05-0.22-1.70-0.30-0.30-0.301,979
NGXASEM1,583.710.000.000.000.000.0013
NGXBNK1,106.160.55-0.101.721.721.722,695
NGXCG2,881.671.220.611.851.851.856,131
NGXCNSMRGDS1,732.380.09-0.29-0.11-0.11-0.111,143
NGXGROWTH7,984.712.542.182.862.862.8642
NGXINDUSTR3,580.090.010.010.240.240.24515
NGXINS812.52-0.27-7.933.353.353.351,878
NGXLOTUSISLM7,082.741.431.411.651.651.651,280
NGXMAINBOARD5,018.000.10-0.100.280.280.2810,151
NGXMERIGRW6,721.431.200.873.043.043.041,980
NGXMERIVAL10,374.44-0.53-1.84-0.54-0.54-0.542,980
NGXOILGAS2,689.89-0.13-0.23-0.78-0.78-0.78541
NGXPENBRD1,853.710.910.711.211.211.219,664
NGXPENSION4,608.661.160.961.651.651.656,787
NGXPREMIUM9,971.172.181.842.452.452.452,881
NGXSOVBND606.610.000.000.840.840.840

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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