InfoWARE Analyst Daily Market Report (28-Jan-2025 15:08:55.849)

InfoWARE Analyst Daily Market Report (28-Jan-2025 15:08:55.849)
(Source: InfoWARE Terminal, Date: 28-Jan-2025)

Dear Investor,

Daily Market Summary - January 28, 2025

Today, the Nigerian Stock Exchange (NGX) experienced a slight decline, with the All Share Index (ASI) closing down by -0.44% at 104,418.95. Year-to-date, the ASI has managed a modest gain of 0.75%. Market turnover increased by 7.64% to 13.20 billion Naira, indicating a rise in trading activity despite the overall market dip. The market breadth was relatively balanced, with 32 advancers and 33 decliners, suggesting a cautious sentiment among investors.

Significant Trends in Market Breadth:

Market Breadth: The breadth ratio stood at 0.97x, indicating a nearly even split between advancing and declining stocks.
Volume Trends: Trading volume increased to 530.26 million, up from 514.98 million in the previous session, reflecting heightened trading interest.
Advancers vs. Decliners: A slight edge in decliners (33) over advancers (32) suggests a cautious market sentiment.

Highlights of the Top Gainers and Losers:

Top Gainers:

EUNISELL INTERLINKED PLC (EUNISELL): Closed at 12.54, up 10.00%.
S C O A NIG. PLC (SCOA): Closed at 4.07, up 10.00%.
SFS REAL ESTATE INVESTMENT TRUST (SFSREIT): Closed at 197.35, up 9.97%.
N.E.M INSURANCE CO (NIG) PLC (NEM): Closed at 13.25, up 9.96%.

Top Losers:

MRS OIL NIGERIA PLC (MRS): Closed at 162.90, down -9.95%.
LOTUS HALAL EQUITY ETF (LOTUSHAL15): Closed at 38.50, down -9.94%.
RED STAR EXPRESS PLC (REDSTAREX): Closed at 4.55, down -9.90%.
LEARN AFRICA PLC (LEARNAFRCA): Closed at 4.50, down -9.82%.

Insights and Predictions:

Turnover Increase: The 7.64% increase in market turnover could indicate a potential shift in investor sentiment, possibly driven by upcoming earnings reports or macroeconomic factors.
Advancing vs. Declining Stocks: The slight edge in decliners may suggest that investors are becoming more selective, focusing on quality over quantity.
Unusual Volume Movements: Stocks like STERLING FINANCIAL HOLDINGS (STERLINGNG) and ZENITH INTERNATIONAL BANK (ZENITHBANK) showed unusual volume, trading significantly above their 90-day averages, which could indicate potential volatility or upcoming news.
YTD Trends: Notably, OKOMU OIL PALM PLC (OKOMUOIL), despite being a top gainer YTD, faced a 10.00% drop today, highlighting the volatility in the market.

High Dividend Yield Stocks:

N.E.M INSURANCE CO (NEM), which is showing bullish momentum, has a dividend yield of 6.52%. This could attract income-focused investors, especially in a market with mixed signals.

Suggestions for Traders:

Opportunities: Consider monitoring stocks with unusual volume for potential breakout opportunities, particularly OANDO PLC and ZENITHBANK.
Caution: Given the mixed market breadth and the number of decliners, traders should exercise caution and consider protective strategies, especially in sectors showing weakness.

``` This summary provides a comprehensive overview of today's market activity, highlighting key trends, stock movements, and actionable insights for both retail investors and professional traders.

Disclaimer: This market summary has been generated using InfoWARE's advanced AI tools and data analysis techniques. While every effort has been made to ensure accuracy and reliability, this content should be used for informational purposes only and should not constitute financial advice. Always consult a professional advisor before making investment decisions.

Top ASI Gainers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
CHELLARAM	4.47	32.70	9.84	9.84	32.70	32.70	32.70
SCOA	3.70	13.06	10.00	10.00	97.57	97.57	97.57
RTBRISCOE	2.77	10.40	-0.36	-0.36	0.36	0.36	0.36
GUINNESS	77.10	10.14	0.00	0.00	9.75	9.75	9.75
OKOMUOIL	444.00	10.00	10.00	10.00	10.00	10.00	10.00
BETAGLAS	65.00	9.98	0.00	0.00	0.15	0.15	0.15
SFSREIT	179.45	9.97	9.97	9.97	9.97	9.97	9.97
NEM	12.05	9.96	9.96	9.96	10.42	10.42	10.42
SKYAVN	36.40	9.80	0.00	0.00	8.82	8.82	8.82
ACCESSCORP	27.80	9.31	-2.88	-2.88	12.03	12.03	12.03

Top ASI Losers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
VSPBONDETF	243.71	-30.37	0.00	0.00	-30.37	-30.37	-30.37
MRS	180.90	-18.96	-9.95	-9.95	-25.21	-25.21	-25.21
LOTUSHAL15	42.75	-18.95	-9.94	-9.94	28.33	28.33	28.33
JOHNHOLT	7.50	-18.48	0.00	0.00	-3.72	-3.72	-3.72
SOVRENINS	1.04	-17.95	-7.69	-7.69	-21.95	-21.95	-21.95
NSLTECH	0.75	-13.58	-6.67	-6.67	1.45	1.45	1.45
NEIMETH	3.15	-12.79	-4.76	-4.76	19.52	19.52	19.52
CADBURY	22.00	-12.00	0.00	0.00	2.33	2.33	2.33
WAPIC	2.36	-10.51	-2.54	-2.54	-6.88	-6.88	-6.88
TRANSCOHOT	114.65	-9.97	0.00	0.00	-1.16	-1.16	-1.16

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"

EUNISELL INTERLINKED PLC (EUNISELL) topped the advancers list closing at N12.54 with a gain of 10.00% followed by OKOMU OIL PALM PLC. (OKOMUOIL) which closed at N488.40 with a gain of 10.00%.

On the flip side MRS OIL NIGERIA PLC. (MRS) and LOTUS HALAL EQUITY ETF (LOTUSHAL15) topped the decliners log with a loss of -9.95% at a close of N162.90, and -9.94% to close the day at N38.50 respectively.

Top Gainers

Symbol	LClose	%Chg
EUNISELL	12.54	10.00
OKOMUOIL	488.40	10.00
SCOA	4.07	10.00
SFSREIT	197.35	9.97
NEM	13.25	9.96

Top Losers

Symbol	LClose	%Chg
MRS	162.90	-9.95
LOTUSHAL15	38.50	-9.94
REDSTAREX	4.55	-9.90
LEARNAFRCA	4.50	-9.82
DAARCOMM	0.77	-8.33

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"

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
NEM	13.25	9.06	12.45	24.99	0.37	6.52	66.47B	1.40M	59.00	17.88M	28-Jan-2025 14:31:03.477
STANBICETF30	443.99	8.96	428.88			0.00	0.00	651.00	6.00	258.68K	28-Jan-2025 14:31:44.760
OANDO	73.95	8.86	68.31	24.10	2.53	1.15	919.30B	19.28M	1,100.00	1.41B	28-Jan-2025 14:31:03.987
FGSUK2031S4	85.00	8.82	80.08			0.00	0.00	5.30K	1.00	4.51M	28-Jan-2025 14:31:11.403
CAVERTON	2.30	7.83	2.27	1.15	1.57	5.52	7.71B	1.23M	45.00	2.82M	28-Jan-2025 14:31:00.323
ABCTRANS	1.14	2.63	1.13	6.68	0.17	2.19	2.73B	319.54K	34.00	367.40K	28-Jan-2025 14:30:54.873
NGXLOTUSISLM	7,107.14	0.91	7,067.59	1,270.93	62.77	0.00	0.00	32.72M	2,063.00	2.63B	28-Jan-2025 14:31:12.513
NGXCOMMDTY	985.98	0.35	983.35			0.00	0.00	0.00	0.00	0.00	28-Jan-2025 14:31:12.400

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
VETINDETF	40.00	0.00	40.03			0.00	0.00	0.00	0.00	0.00	28-Jan-2025 14:31:44.820
MANSARD	9.20	-1.09	9.24	31.16	0.24	4.59	82.80B	3.20M	119.00	29.27M	28-Jan-2025 14:31:02.783
NGXPREMIUM	9,685.59	-1.83	9,742.80	2,048.74	238.70	0.00	0.00	124.62M	4,138.00	6.08B	28-Jan-2025 14:31:12.617
ELLAHLAKES	3.01	-5.32	3.10	0.00	0.00	0.00	6.02B	4.24M	117.00	13.37M	28-Jan-2025 14:31:44.177
FBNH	29.25	-5.81	29.36	11.32	2.33	1.52	1,049.94B	11.50M	399.00	336.87M	28-Jan-2025 14:31:44.953
VERITASKAP	1.43	-8.39	1.53	48.77	0.02	4.17	19.83B	9.01M	103.00	13.21M	28-Jan-2025 14:31:05.493
REDSTAREX	4.55	-10.99	4.99	5.93	0.74	6.12	4.34B	1.29M	29.00	6.04M	28-Jan-2025 14:31:04.350
LOTUSHAL15	38.50	-11.04	38.87			0.00	0.00	329.00	6.00	15.31K	28-Jan-2025 14:31:44.693

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
STERLINGNG	STERLING FINANCIAL HOLDINGS COMPANY PLC	42.23M	20.43M	106.73	5.91	6.17	-4.21	416	254.29M
ZENITHBANK	ZENITH INTERNATIONAL BANK PLC	33.79M	15.42M	119.09	50.80	51.00	-0.39	745	1.72B
FCMB	FCMB GROUP PLC.	26.05M	9.16M	184.33	11.50	11.85	-2.95	556	313.14M
NB	NIGERIAN BREW. PLC.	23.35M	3.84M	507.39	32.00	32.00	0.00	195	752.19M
OANDO	OANDO PLC	19.28M	7.47M	158.17	73.95	67.40	9.72	1,100	1.41B

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	276.31	2.25	0.82
Botswana Stock Exchange	10,073.16	0.00	0.00
Egyptian Exchange	29,742.12	-291.32	-0.97
Ghana Stock Exchange	5,083.84	7.11	0.14
Johannesburg Stock Exchange	84,187.69	-101.15	-0.12
Lusaka Stock Exchange	15,363.99	-4.61	-0.03
Casablanca Stock Exchange	15,886.27	4.76	0.03
Malawi Stock Exchange	207,920.56	2,262.24	1.10
Nigeria Stock Exchange	104,418.95	818.44	0.79
Nairobi Securities Exchange	132.11	-0.37	-0.28
Namibian Stock Exchange	1,775.56	-32.36	-1.79
Rwanda Stock Exchange	149.37	-0.10	-0.07
Tunis Stock Exchange	10,207.88	-39.97	-0.39
Uganda Securities Exchange	1,307.47	9.09	0.70

Nigeria Market Indexes

Symbol	LClose	%Chg	WTD%	MTD%	QTD%	YTD%	Trades
ASI	103,958.75	-0.44	-0.44	0.75	0.75	0.75	15,007
NGX30	3,861.53	-0.42	-0.42	1.22	1.22	1.22	8,193
NGXAFRBVI	2,738.37	-0.88	-0.88	10.38	10.38	10.38	3,030
NGXAFRHDYI	17,965.79	0.02	0.02	5.51	5.51	5.51	3,300
NGXASEM	1,583.71	0.00	0.00	0.00	0.00	0.00	7
NGXBNK	1,200.82	-1.21	-1.21	10.43	10.43	10.43	4,102
NGXCG	3,042.30	-1.27	-1.27	7.53	7.53	7.53	8,010
NGXCNSMRGDS	1,764.90	-0.26	-0.26	1.76	1.76	1.76	1,528
NGXGROWTH	8,077.39	0.31	0.31	4.05	4.05	4.05	48
NGXINDUSTR	3,227.16	-1.72	-1.72	-9.64	-9.64	-9.64	1,174
NGXINS	723.81	-0.03	-0.03	-7.93	-7.93	-7.93	1,085
NGXLOTUSISLM	7,107.14	0.92	0.92	2.00	2.00	2.00	2,063
NGXMAINBOARD	5,072.92	0.27	0.27	1.38	1.38	1.38	10,821
NGXMERIGRW	7,345.09	-0.02	-0.02	12.60	12.60	12.60	1,904
NGXMERIVAL	11,176.19	-1.24	-1.24	7.15	7.15	7.15	4,452
NGXOILGAS	2,646.94	1.06	1.06	-2.37	-2.37	-2.37	467
NGXPENBRD	1,844.96	-0.61	-0.61	0.73	0.73	0.73	11,804
NGXPENSION	4,766.83	-0.76	-0.76	5.13	5.13	5.13	9,202
NGXPREMIUM	9,685.59	-1.80	-1.80	-0.49	-0.49	-0.49	4,138
NGXSOVBND	613.70	0.39	0.39	2.02	2.02	2.02	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"

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