InfoWARE Analyst Daily Market Report (29-Jan-2025 15:07:43.136)

InfoWARE Analyst Daily Market Report (29-Jan-2025 15:07:43.136)
(Source: InfoWARE Terminal, Date: 29-Jan-2025)

Dear Investor,

Daily Market Summary - NGX (January 29, 2025)

Today, the Nigerian Stock Exchange (NGX) experienced a modest uptick, with the All Share Index (ASI) rising by 0.57% to close at ?103,958.75. Despite this positive movement, the market's year-to-date (YTD) return remains subdued at 1.33%. Notably, market turnover saw a significant decline of -45.66%, indicating a potential decrease in investor activity. The market breadth was negative, with 30 advancers and 40 decliners, suggesting that bearish sentiment is still prevalent among investors.

Significant Trends in Market Breadth:

Market Breadth: The breadth ratio stood at 0.75x, indicating more decliners than advancers, which reflects a cautious sentiment among investors.
Volume Trends: Trading volume decreased to 400.22M, down from 530.26M in the previous session, highlighting a potential decrease in market participation.

Highlights of the Top Gainers and Losers:

Top Gainers:

VETIVA S & P NIGERIA SOVEREIGN BOND ETF (VSPBONDETF): Closed at ?335.00, up 37.46%. This ETF's surge may indicate a flight to safety among investors amid market volatility.
CHELLARAMS PLC (CHELLARAM): Closed at ?5.40, up 9.98%. The stock has shown strong momentum, with a 32.68% increase over the last five days.
STANBIC IBTC HOLDINGS PLC (STANBIC): Closed at ?71.45, up 9.92%. This stock continues to attract attention, reflecting positive sentiment in the financial sector.

Top Losers:

NEWGOLD EXCHANGE TRADED FUND (NEWGOLD): Closed at ?35,000, down -12.50%. This significant drop may be linked to profit-taking after a strong performance earlier in the year.
MCNICHOLS PLC (MCNICHOLS): Closed at ?1.44, down -10.00%. The stock has been under pressure, reflecting broader market trends.
CAVERTON OFFSHORE SUPPORT GROUP PLC (CAVERTON): Closed at ?2.07, down -10.00%. The decline may indicate challenges in the oil and gas support sector.

Insights and Predictions:

Turnover Decrease: The -45.66% drop in market turnover could signal a lack of confidence among investors, potentially leading to further declines if the trend continues.
Advancing vs. Declining Stocks: The ratio of advancing to declining stocks suggests a bearish sentiment, which may persist unless we see a significant shift in market dynamics.
Unusual Volume Movements: Stocks like FCMB GROUP PLC and ARADEL HOLDINGS PLC exhibited unusual trading volumes, indicating heightened interest that could lead to price volatility.
YTD Trends: The top gainers and losers reflect a mixed sentiment, with some stocks like VSPBONDETF showing strong YTD performance, while others like MRS OIL NIGERIA PLC are struggling.

High Dividend Yield Stocks:

ARADEL HOLDINGS PLC has a dividend yield of 1.72% and is currently in the bullish momentum table, suggesting it may be a good candidate for income-focused investors.
CAVERTON and NEWGOLD, despite their bearish trends, may attract attention from dividend-seeking investors if they stabilize.

Suggestions for Traders:

Opportunities: Consider monitoring VSPBONDETF and CHELLARAMS for potential entry points, as they are showing strong bullish momentum.
Cautions: Be wary of stocks in the bearish momentum table, particularly CAVERTON and NEWGOLD, as they may continue to face selling pressure.

Year-To-Date (YTD) Gainers and Losers

Top Gainers	Symbol	Price	%ChgYTD
VETIVA S & P NIGERIA SOVEREIGN BOND ETF	VSPBONDETF	?335.00	37.46%
CHELLARAMS PLC.	CHELLARAM	?5.40	32.68%
STANBIC IBTC HOLDINGS PLC	STANBIC	?71.45	20.08%
R T BRISCOE PLC.	RTBRISCOE	?2.76	18.65%
SUNU ASSURANCES NIGERIA PLC.	SUNUASSUR	?5.40	16.17%

Top Losers	Symbol	Price	%ChgYTD
MRS OIL NIGERIA PLC.	MRS	?162.90	-18.96%
LOTUS HALAL EQUITY ETF	LOTUSHAL15	?38.50	-18.83%
VERITAS KAPITAL ASSURANCE PLC	VERITASKAP	?1.43	-16.77%
CONSOLIDATED HALLMARK INSURANCE PLC	CONHALLPLC	?3.00	-13.88%
SECURE ELECTRONIC TECHNOLOGY PLC	NSLTECH	?0.70	-13.58%

``` This summary provides a comprehensive overview of the market's performance, highlighting key trends and insights that can guide both retail investors and professional traders in their decision-making processes.

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
VSPBONDETF	243.71	37.46	37.46	37.46	-4.28	-4.28	-4.28
CHELLARAM	4.91	32.68	9.98	20.81	45.95	45.95	45.95
STANBIC	65.00	20.08	9.92	18.89	23.19	23.19	23.19
RTBRISCOE	2.76	18.65	8.33	7.94	8.73	8.73	8.73
SUNUASSUR	5.40	16.17	7.78	16.40	-50.04	-50.04	-50.04
Ikejahotel	12.95	11.97	1.16	7.38	6.07	6.07	6.07
ARADEL	540.00	10.00	10.00	10.00	-0.67	-0.67	-0.67
OKOMUOIL	488.40	10.00	0.00	10.00	10.00	10.00	10.00
BETAGLAS	65.00	9.98	0.00	0.00	0.15	0.15	0.15
SFSREIT	197.35	9.97	0.00	9.97	9.97	9.97	9.97

Top ASI Losers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
MRS	162.90	-18.96	0.00	-9.95	-25.21	-25.21	-25.21
LOTUSHAL15	38.50	-18.83	-9.87	-18.83	15.67	15.67	15.67
VERITASKAP	1.43	-16.77	-9.79	-16.77	-13.42	-13.42	-13.42
CONHALLPLC	3.00	-13.88	-9.00	-13.33	-27.97	-27.97	-27.97
NSLTECH	0.70	-13.58	0.00	-6.67	1.45	1.45	1.45
NEWGOLD	40,000.00	-12.50	-12.50	-12.50	20.26	20.26	20.26
LASACO	3.01	-11.59	-3.65	-7.35	-14.45	-14.45	-14.45
CAVERTON	2.30	-11.54	-10.00	-2.36	-18.82	-18.82	-18.82
ROYALEX	0.99	-10.78	-8.08	-9.00	-17.27	-17.27	-17.27
WAPIC	2.30	-10.16	0.00	-2.54	-6.88	-6.88	-6.88

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 N335.00 with a gain of 37.46% followed by ARADEL HOLDINGS PLC (ARADEL) which closed at N594.00 with a gain of 10.00%.

On the flip side NEWGOLD EXCHANGE TRADED FUND (ETF) (NEWGOLD) and MCNICHOLS PLC (MCNICHOLS) topped the decliners log with a loss of -12.50% at a close of N35,000.00, and -10.00% to close the day at N1.44 respectively.

Top Gainers

Symbol	LClose	%Chg
VSPBONDETF	335.00	37.46
ARADEL	594.00	10.00
CHELLARAM	5.40	9.98
STANBIC	71.45	9.92
UPL	5.12	9.64

Top Losers

Symbol	LClose	%Chg
NEWGOLD	35,000.00	-12.50
MCNICHOLS	1.44	-10.00
CAVERTON	2.07	-10.00
LOTUSHAL15	34.70	-9.87
THOMASWY	1.84	-9.80

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
VSPBONDETF	335.00	27.25	263.83			0.00	0.00	81.00	4.00	19.91K	29-Jan-2025 14:30:54.613
ARADEL	594.00	9.09	566.54	0.00	0.00	1.72	2,580.84B	10.64M	1,166.00	6.27B	29-Jan-2025 14:30:14.317
UPL	5.12	8.79	4.83	7.13	0.59	0.60	2.21B	210.77K	19.00	1.08M	29-Jan-2025 14:30:21.397
DAARCOMM	0.84	8.33	0.83	0.00	0.00	0.00	10.08B	2.08M	66.00	1.64M	29-Jan-2025 14:30:16.923
NGXOILGAS	2,735.47	3.24	2,670.29	8.74	228.15	0.00	0.00	1.99M	605.00	517.11M	29-Jan-2025 14:30:27.687
WAPCO	70.20	0.14	70.19	24.60	2.87	2.70	1,130.77B	2.79M	121.00	195.81M	29-Jan-2025 14:30:54.773
FBNH	29.25	0.00	29.21	11.32	2.33	1.52	1,049.94B	4.01M	278.00	116.54M	29-Jan-2025 14:30:54.670
MERVALUE	162.00	0.00	161.98			0.00	0.00	180.00	2.00	28.44K	29-Jan-2025 14:30:53.973

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
NNFM	50.10	0.00	50.25	63.46	0.55	1.44	8.93B	25.29K	18.00	1.24M	29-Jan-2025 14:30:19.507
ETERNA	27.20	-1.10	27.41	29.51	0.75	0.68	35.47B	1.01M	73.00	27.21M	29-Jan-2025 14:30:17.227
DANGSUGAR	36.00	-1.25	36.17	11.48	3.06	4.27	437.29B	1.25M	178.00	45.09M	29-Jan-2025 14:30:51.650
CAVERTON	2.07	-11.11	2.25	1.15	1.57	5.52	6.94B	3.99M	77.00	8.44M	29-Jan-2025 14:30:15.817
NEWGOLD	35,000.00	-14.29	38,766.66	0.00	0.00	0.00	0.00	6.00	2.00	208.02K	29-Jan-2025 14:30:54.103

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
FCMB	FCMB GROUP PLC.	23.13M	9.47M	144.35	11.45	11.50	-0.43	440	269.53M
INTBREW	INTERNATIONAL BREWERIES PLC.	14.24M	2.28M	525.73	5.30	5.30	0.00	93	75.67M
ARADEL	ARADEL HOLDINGS PLC	10.64M	2.66M	300.16	594.00	540.00	10.00	1,166	6.27B
RTBRISCOE	R T BRISCOE PLC.	3.89M	1.32M	195.33	2.99	2.76	8.33	61	10.58M
BUACEMENT	BUA CEMENT PLC	2.67M	598.51K	345.96	93.00	93.00	0.00	317	223.67M

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"

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

On InfoWARE Market Data Terminal <BANL> <GO>
On InfoWARE Finance Mobile App ( Android , iPhone & iPad and Windows 10)

Symbol	DivYield	PE	EPS	Beta	%ChgYTD	ASIYTDReturn	BetaDiff
HONYFLOUR	1.40	16.28	0.31	0.99	22.83	1.33	0.01
FIDELITYBK	5.48	13.24	1.17	0.89	14.71	1.33	0.11
NB	3.79	16.95	1.60	0.79	6.25	1.33	0.21
UNILEVER	2.81	67.09	0.40	0.75	5.56	1.33	0.25
HMCALL	0.00	0.00	0.00	-0.74	2.26	1.33	0.26
DAARCOMM	0.00	0.00	0.00	0.71	23.53	1.33	0.29
VETGRIF30	0.00			0.71	1.99	1.33	0.29
Ikejahotel	0.94	51.55	0.16	0.70	6.07	1.33	0.30
ABBEYBDS	1.43	0.00	0.00	0.70	3.33	1.33	0.30
NEM	6.52	24.99	0.37	0.69	9.58	1.33	0.31

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

On InfoWARE Market Data Terminal <BANL> <GO>
On InfoWARE Finance Mobile App ( Android , iPhone & iPad and Windows 10)

OPEC Basket Price Vs ASI (365 Day Chart)

For more detailed analysis,

On InfoWARE Market Data Terminal <OVA> <GO>
On InfoWARE Finance Mobile App ( Android , iPhone & iPad and Windows 10) , "Research"

African Markets

Name	LClose	Change	%Chg
BRVM Stock Exchange	278.16	1.85	0.67
Botswana Stock Exchange	10,073.16	0.00	0.00
Egyptian Exchange	29,646.60	-95.17	-0.32
Ghana Stock Exchange	5,149.28	65.58	1.29
Johannesburg Stock Exchange	84,447.75	260.98	0.31
Lusaka Stock Exchange	15,367.24	3.07	0.02
Casablanca Stock Exchange	15,912.73	27.01	0.17
Malawi Stock Exchange	207,841.14	-83.17	-0.04
Nigeria Stock Exchange	103,958.75	-459.44	-0.44
Nairobi Securities Exchange	132.28	0.17	0.13
Namibian Stock Exchange	1,773.91	-1.60	-0.09
Rwanda Stock Exchange	149.42	0.04	0.03
Tunis Stock Exchange	10,190.36	-17.35	-0.17
Uganda Securities Exchange	1,307.05	-0.39	-0.03

Nigeria Market Indexes

Symbol	LClose	%Chg	WTD%	MTD%	QTD%	YTD%	Trades
ASI	104,549.74	0.57	0.13	1.33	1.33	1.33	14,840
NGX30	3,870.06	0.22	-0.20	1.45	1.45	1.45	6,880
NGXAFRBVI	2,747.95	0.35	-0.53	10.77	10.77	10.77	2,225
NGXAFRHDYI	17,912.88	-0.29	-0.28	5.20	5.20	5.20	2,567
NGXASEM	1,583.71	0.00	0.00	0.00	0.00	0.00	11
NGXBNK	1,209.85	0.75	-0.47	11.26	11.26	11.26	2,720
NGXCG	3,052.93	0.35	-0.93	7.91	7.91	7.91	6,304
NGXCNSMRGDS	1,779.12	0.81	0.54	2.58	2.58	2.58	1,418
NGXGROWTH	8,085.37	0.10	0.41	4.15	4.15	4.15	73
NGXINDUSTR	3,227.55	0.01	-1.71	-9.63	-9.63	-9.63	995
NGXINS	711.85	-1.65	-1.68	-9.46	-9.46	-9.46	2,129
NGXLOTUSISLM	7,216.84	1.54	2.48	3.57	3.57	3.57	1,867
NGXMAINBOARD	5,116.66	0.86	1.13	2.25	2.25	2.25	11,895
NGXMERIGRW	7,394.15	0.67	0.65	13.35	13.35	13.35	2,046
NGXMERIVAL	11,132.10	-0.39	-1.63	6.73	6.73	6.73	3,101
NGXOILGAS	2,735.47	3.34	4.44	0.90	0.90	0.90	605
NGXPENBRD	1,856.26	0.61	0.00	1.34	1.34	1.34	11,046
NGXPENSION	4,804.43	0.79	0.02	5.96	5.96	5.96	7,607
NGXPREMIUM	9,685.15	0.00	-1.80	-0.49	-0.49	-0.49	2,872
NGXSOVBND	620.54	1.11	1.50	3.16	3.16	3.16	1

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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