InfoWARE Analyst Daily Market Report (31-Jan-2025 15:08:21.492)

InfoWARE Analyst Daily Market Report (31-Jan-2025 15:08:21.492)
(Source: InfoWARE Terminal, Date: 31-Jan-2025)

Dear Investor,

Daily Market Summary - January 31, 2025

Today, the Nigerian Stock Exchange (NGX) experienced a slight decline, with the All Share Index (ASI) closing down by -0.24% at 104,744.43. Despite this dip, market turnover saw a significant increase of 36.29%, reaching 14.38 billion Naira, indicating heightened trading activity. The market breadth remained positive with 41 advancers outpacing 30 decliners, suggesting a resilient underlying sentiment among investors. Notably, BETA GLASS CO PLC emerged as the top gainer for the day, surging 10.00%, while VITAFOAM NIG PLC faced a sharp decline of -9.98%.

Significant Trends in Market Breadth:

Market Breadth: 1.37x, indicating a healthy number of advancing stocks compared to decliners.
Volume Traded: Increased to 1.16 billion, up from 493.01 million in the previous session, reflecting strong investor interest.
Turnover: Rose to 14.38 billion Naira, a notable increase from 10.55 billion Naira yesterday.

Highlights of the Top Gainers and Losers:

Top Gainers:

BETA GLASS CO PLC. (BETAGLAS): Closed at 71.50, up 10.00%.
N NIG. FLOUR MILLS PLC. (NNFM): Closed at 60.60, up 9.98%.
CHELLARAMS PLC. (CHELLARAM): Closed at 6.53, up 9.93%.
THE INITIATES PLC (TIP): Closed at 3.44, up 9.90%.

Top Losers:

LOTUS HALAL EQUITY ETF (LOTUSHAL15): Closed at 30.51, down -10.00%.
OANDO PLC (OANDO): Closed at 68.40, down -10.00%.
STANBIC IBTC HOLDINGS PLC (STANBIC): Closed at 64.35, down -9.94%.
IKEJA HOTEL PLC (Ikejahotel): Closed at 11.00, down -9.84%.

Insights and Predictions:

Turnover Increase: The 36.29% rise in market turnover could indicate increased investor confidence or speculative trading, which may lead to further volatility in the short term.
Advancing vs. Declining Stocks: The positive breadth suggests that while some stocks are under pressure, many are still attracting buying interest, which could support a rebound.
Unusual Volume Movements: Stocks like SECURE ELECTRONIC TECHNOLOGY PLC (NSLTECH) and FBN HOLDINGS PLC (FBNH) showed unusual trading volumes, suggesting potential opportunities for traders looking for momentum plays.
YTD Trends: The Year-To-Date (YTD) top gainers like CHELLARAMS PLC and VITAFOAM NIG PLC are showing strong momentum, while the losers like VERITAS KAPITAL ASSURANCE PLC are underperforming, indicating a potential shift in investor sentiment.

High Dividend Yield Stocks:

OANDO PLC has a dividend yield of 1.15% and is currently in the bearish momentum table, which may present a cautionary signal for income-focused investors.
LOTUS HALAL EQUITY ETF also shows a significant yield but is facing downward pressure, suggesting that investors should be cautious about chasing yield in a declining stock.

Suggestions for Traders:

Opportunities: Consider monitoring stocks that have crossed above their 15-day moving average, such as ROYAL EXCHANGE PLC (ROYAL) and WAPIC INSURANCE PLC, as they may present buying opportunities.
Caution: Be wary of stocks in the bearish momentum table, particularly those with high trading volumes, as they may indicate further declines.

Year-To-Date (YTD) Top Gainers and Losers

Top Gainers	Symbol	Price	%ChgYTD
CHELLARAMS PLC.	CHELLARAM	5.94	76.49%
VITAFOAM NIG PLC.	VITAFOAM	29.05	33.40%
N NIG. FLOUR MILLS	NNFM	55.10	38.04%
UNIVERSITY PRESS PLC	UPL	5.60	45.45%
EUNISELL INTERLINKED PLC	EUNISELL	13.48	-30.05%

Top Losers	Symbol	Price	%ChgYTD
VERITAS KAPITAL ASSURANCE PLC	VERITASKAP	1.17	-26.85%
LOTUS HALAL EQUITY ETF	LOTUSHAL15	33.90	1.70%
NEIMETH INTERNATIONAL PHARMACEUTICALS	NEIMETH	2.84	5.58%
LIVESTOCK FEEDS PLC	LIVESTOCK	5.50	19.64%
NEWGOLD EXCHANGE TRADED FUND	NEWGOLD	35504.54	21.99%

``` This summary provides a comprehensive overview of today's market performance, highlighting key trends, insights, and actionable suggestions 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	5.94	46.09	9.93	46.09	76.49	76.49	76.49
VITAFOAM	29.05	31.21	9.98	31.21	33.40	33.40	33.40
NNFM	55.10	20.96	9.98	20.96	38.04	38.04	38.04
UPL	5.60	19.91	0.00	19.91	45.45	45.45	45.45
EUNISELL	13.48	18.25	0.00	18.25	-30.05	-30.05	-30.05
SUNUASSUR	5.82	15.00	-1.20	15.00	-50.64	-50.64	-50.64
TIP	3.13	14.67	9.90	14.67	37.60	37.60	37.60
NB	34.50	11.88	3.77	11.88	11.88	11.88	11.88
CWG	7.05	11.76	7.80	11.76	2.01	2.01	2.01
HONYFLOUR	9.35	11.27	2.46	11.27	38.44	38.44	38.44

Top ASI Losers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
VERITASKAP	1.17	-29.68	-6.84	-29.68	-26.85	-26.85	-26.85
LOTUSHAL15	33.90	-28.63	-10.00	-28.63	1.70	1.70	1.70
NEIMETH	2.84	-15.87	-6.69	-15.87	5.58	5.58	5.58
LIVESTOCK	5.50	-12.11	-3.64	-12.11	19.64	19.64	19.64
NEWGOLD	35,504.54	-11.24	0.00	-11.24	22.00	22.00	22.00
LINKASSURE	1.50	-10.97	-8.00	-10.97	6.98	6.98	6.98
AIICO	1.77	-10.00	-8.47	-10.00	3.18	3.18	3.18
MRS	162.90	-9.95	0.00	-9.95	-25.21	-25.21	-25.21
GUINEAINS	0.72	-9.88	1.39	-9.88	-17.98	-17.98	-17.98
SIAMLETF40	770.00	-9.87	-9.87	-9.87	-13.25	-13.25	-13.25

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"

BETA GLASS CO PLC. (BETAGLAS) topped the advancers list closing at N71.50 with a gain of 10.00% followed by VITAFOAM NIG PLC. (VITAFOAM) which closed at N31.95 with a gain of 9.98%.

On the flip side LOTUS HALAL EQUITY ETF (LOTUSHAL15) and OANDO PLC (OANDO) topped the decliners log with a loss of -10.00% at a close of N30.51, and -10.00% to close the day at N68.40 respectively.

Top Gainers

Symbol	LClose	%Chg
BETAGLAS	71.50	10.00
VITAFOAM	31.95	9.98
NNFM	60.60	9.98
CHELLARAM	6.53	9.93
TIP	3.44	9.90

Top Losers

Symbol	LClose	%Chg
LOTUSHAL15	30.51	-10.00
OANDO	68.40	-10.00
STANBIC	64.35	-9.94
SIAMLETF40	694.00	-9.87
Ikejahotel	11.00	-9.84

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 fell 0.03%(-0.50) against the Dollar to settle at 1 to 1

Investment Insights - Top 5 Gainers YTD

These stocks are the best performers whose price has risen faster than the market as a whole with the best returns year to date. Momentum investors believe that stocks that have outperformed the market will often continue to do so because the factors that caused them to outperform will not suddenly disappear. In addition, other investors seeking to benefit from the stock’s outperformance will often purchase the stock, further bidding its price higher and pushing the stock higher still

For more detailed analysis,

On InfoWARE Market Data Terminal <T5YTD2> <GO>
On InfoWARE Finance Mobile App ( Android , iPhone & iPad and Windows 10) , "Research"

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
ROYALEX	0.99	8.08	0.96	0.00	0.00	7.81	5.09B	2.78M	610.00	2.72M	31-Jan-2025 14:30:16.320
WAPIC	2.50	8.00	2.37	72.55	0.02	2.56	59.98B	1.65M	64.00	3.86M	31-Jan-2025 14:30:17.183
MCNICHOLS	1.70	7.06	1.60	26.80	0.05	5.88	1.22B	1.56M	33.00	2.67M	31-Jan-2025 14:30:40.747
CHAMS	2.15	3.72	2.10	27.02	0.07	1.56	10.10B	7.17M	105.00	15.16M	31-Jan-2025 14:30:10.997
VETINDETF	41.50	3.61	40.43			0.00	0.00	12.00	1.00	498.00	31-Jan-2025 14:30:36.280
THOMASWY	2.04	1.96	2.03	0.00	0.00	1.05	448.80M	234.85K	11.00	474.11K	31-Jan-2025 14:30:16.630
VETGRIF30	38.95	1.16	38.86			0.00	0.00	298.00	2.00	11.61K	31-Jan-2025 14:30:36.257

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
NGXOILGAS	2,668.40	-1.30	2,669.73	8.74	228.15	0.00	0.00	2.30M	344.00	144.29M	31-Jan-2025 14:30:22.153
FIDSON	16.80	-2.38	17.08	22.54	0.64	4.14	38.56B	906.32K	67.00	14.41M	31-Jan-2025 14:30:11.960
FGSUK2031S4	77.54	-9.62	80.45			0.00	0.00	2.00K	1.00	1.55M	31-Jan-2025 14:30:21.217
UPDC	1.87	-10.70	1.90	0.00	0.00	34.25	34.71B	1.52M	57.00	2.87M	31-Jan-2025 14:30:17.007
SIAMLETF40	694.00	-10.95	732.27			0.00	0.00	11.00	2.00	8.39K	31-Jan-2025 14:30:36.170
OANDO	68.40	-11.11	70.35	24.10	2.53	1.15	850.31B	32.31M	1,057.00	2.22B	31-Jan-2025 14:30:35.757
FGSUK2027S3	77.00	-16.88	88.79			0.00	0.00	3.00K	1.00	2.31M	31-Jan-2025 14:30:21.203

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
NSLTECH	SECURE ELECTRONIC TECHNOLOGY PLC	599.54M	6.17M	9,619.32	0.70	0.69	1.45	110	413.81M
FBNH	FBN HOLDINGS PLC	85.45M	22.89M	273.27	29.95	29.10	2.92	425	2.54B
VERITASKAP	VERITAS KAPITAL ASSURANCE PLC	67.34M	12.47M	440.04	1.09	1.17	-6.84	390	72.71M
GTCO	GUARANTY TRUST HOLDING COMPANY PLC	32.73M	15.56M	110.29	61.05	62.30	-2.01	265	2.03B
OANDO	OANDO PLC	32.31M	8.02M	303.04	68.40	76.00	-10.00	1,057	2.22B

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	38.44	1.28	0.01
FIDELITYBK	5.48	13.24	1.17	0.89	14.41	1.28	0.11
NB	3.79	16.95	1.60	0.79	11.88	1.28	0.21
UNILEVER	2.81	67.09	0.40	0.75	5.56	1.28	0.25
HMCALL	0.00	0.00	0.00	-0.74	2.26	1.28	0.26
DAARCOMM	0.00	0.00	0.00	0.71	14.71	1.28	0.29
VETGRIF30	0.00			0.71	3.18	1.28	0.29
ABBEYBDS	1.43	0.00	0.00	0.70	3.33	1.28	0.30
NEM	6.52	24.99	0.37	0.69	8.75	1.28	0.31
NSLTECH	15.87	0.00	0.00	0.68	1.45	1.28	0.32

African Markets

Name	LClose	Change	%Chg
BRVM Stock Exchange	275.71	-2.95	-1.06
Botswana Stock Exchange	10,075.28	2.01	0.02
Egyptian Exchange	30,010.62	119.56	0.40
Johannesburg Stock Exchange	85,685.49	366.87	0.43
Lusaka Stock Exchange	15,365.37	55.12	0.36
Casablanca Stock Exchange	16,344.54	238.37	1.48
Malawi Stock Exchange	214,428.46	278.40	0.13
Nigeria Stock Exchange	104,744.43	198.64	0.19
Nairobi Securities Exchange	128.48	-2.18	-1.67
Namibian Stock Exchange	1,773.44	-1.95	-0.11
Rwanda Stock Exchange	149.42	0.19	0.13
Tunis Stock Exchange	10,232.67	6.14	0.06
Uganda Securities Exchange	1,306.04	-0.26	-0.02

Nigeria Market Indexes

Symbol	LClose	%Chg	WTD%	MTD%	QTD%	YTD%	Trades
ASI	104,496.12	-0.24	0.07	1.28	1.28	1.28	13,861
NGX30	3,873.86	-0.28	-0.10	1.55	1.55	1.55	5,651
NGXAFRBVI	2,697.27	-1.39	-2.37	8.73	8.73	8.73	1,928
NGXAFRHDYI	17,824.12	-0.45	-0.77	4.68	4.68	4.68	2,165
NGXASEM	1,583.71	0.00	0.00	0.00	0.00	0.00	11
NGXBNK	1,190.35	-1.15	-2.07	9.47	9.47	9.47	2,512
NGXCG	3,043.73	-0.23	-1.23	7.58	7.58	7.58	6,669
NGXCNSMRGDS	1,809.14	0.78	2.24	4.31	4.31	4.31	1,475
NGXGROWTH	8,235.75	0.94	2.28	6.09	6.09	6.09	149
NGXINDUSTR	3,267.66	0.08	-0.49	-8.51	-8.51	-8.51	753
NGXINS	710.08	-0.48	-1.92	-9.68	-9.68	-9.68	1,368
NGXLOTUSISLM	7,232.15	-0.17	2.69	3.79	3.79	3.79	1,652
NGXMAINBOARD	5,095.31	-0.39	0.71	1.83	1.83	1.83	10,949
NGXMERIGRW	7,300.82	-1.19	-0.62	11.92	11.92	11.92	1,779
NGXMERIVAL	11,009.86	-0.47	-2.71	5.56	5.56	5.56	2,956
NGXOILGAS	2,668.40	-1.28	1.87	-1.58	-1.58	-1.58	344
NGXPENBRD	1,856.41	-0.11	0.01	1.35	1.35	1.35	9,917
NGXPENSION	4,786.38	-0.27	-0.35	5.57	5.57	5.57	6,544
NGXPREMIUM	9,749.83	0.06	-1.15	0.17	0.17	0.17	2,763
NGXSOVBND	620.40	-0.02	1.48	3.14	3.14	3.14	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"