InfoWARE Analyst Daily Market Report (03-Feb-2025 15:15:52.087)

InfoWARE Analyst Daily Market Report (03-Feb-2025 15:15:52.087)
(Source: InfoWARE Terminal, Date: 03-Feb-2025)

Dear Investor,

Daily Market Summary - February 3, 2025

Today, the Nigerian Stock Exchange (NGX) experienced a modest uptick, with the All Share Index (ASI) rising by 0.13% to close at 104,496.12. Year-to-date, the ASI has returned 1.41%. However, market activity showed signs of caution, as trading volume dropped significantly to 498.32 million, down -57.1% from the previous day's 1.16 billion. The market breadth was negative, with 24 advancers and 37 decliners, indicating a challenging environment for investors. Notably, the NEWGOLD EXCHANGE TRADED FUND (ETF) emerged as the top gainer, surging 25.05%, while BETA GLASS CO PLC led the losses, declining 10.00%.

Key Highlights:

Market Breadth: Advancers: 24, Decliners: 37, Market breadth ratio: 0.65x

Top Gainers:

NEWGOLD EXCHANGE TRADED FUND (ETF) (NEWGOLD): 25.05% increase, closing at 44,398.00
PRESCO PLC (PRESCO): 10.00% increase, closing at 643.50
OKOMU OIL PALM PLC (OKOMUOIL): 9.99% increase, closing at 537.20
N NIG. FLOUR MILLS PLC (NNFM): 9.98% increase, closing at 66.65

Top Losers:

UNIVERSITY PRESS PLC (UPL): -10.00% decrease, closing at 5.04
OMATEK VENTURES PLC (OMATEK): -9.88% decrease, closing at 0.73
S C O A NIG. PLC (SCOA): -9.83% decrease, closing at 3.67
LASACO ASSURANCE PLC (LASACO): -8.33% decrease, closing at 2.75

Insights and Predictions:

Turnover Decrease: The -13.79% drop in market turnover suggests a cautious sentiment among investors, potentially indicating profit-taking or a lack of confidence in the current market conditions.
Advancing vs. Declining Stocks: The negative market breadth, with more decliners than advancers, signals a bearish sentiment prevailing in the market. This trend may continue if investor confidence does not improve.
Unusual Volume Movements: FBN HOLDINGS PLC (FBNH) and ZENITH INTERNATIONAL BANK PLC (ZENITHBANK) both exhibited unusual trading volumes, significantly exceeding their 90-day averages. This could indicate potential shifts in investor sentiment or upcoming news that may impact these stocks.
YTD Trends: N NIG. FLOUR MILLS PLC and CHELLARAMS PLC are notable YTD gainers, with returns of 51.82% and 94.05%, respectively. Their strong performance may attract momentum investors looking for continued growth.
High Dividend Yield Stocks: Stocks like CONSOLIDATED HALLMARK INSURANCE PLC (CONHALLPLC) with a DivY of 35.86% are worth monitoring, especially if they appear in bullish momentum tables. High dividend yields can provide a cushion against price declines, making them attractive for income-focused investors.

Suggestions for Traders:

Opportunities: Consider monitoring stocks that have crossed above their 15-day moving averages, such as NEWGOLD and CONHALLPLC, as they may present buying opportunities.
Cautions: Be wary of stocks showing bearish momentum, particularly those that have crossed below their 15-day moving averages, like NGXGROUP and MERISTEM GROWTH ETF. These may indicate further declines.

Year-To-Date Gainers and Losers

Top Gainers (YTD)	%ChgYTD	Top Losers (YTD)	%ChgYTD
N NIG. FLOUR MILLS PLC	51.82%	VETIVA S & P NIGERIA SOVEREIGN BOND ETF	-30.28%
CHELLARAMS PLC	94.05%	IKEJA HOTEL PLC	-10.93%
NEWGOLD	52.56%	REGALINS	-15.00%
CONSOLIDATED HALLMARK	-11.61%	LIVESTOCK FEEDS PLC	13.99%
VITAFOAM NIG PLC	35.07%	UNIVERSAL INSURANCE	-16.67%

``` 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	%ChgQTD	%ChgYTD
NNFM	60.60	33.03	9.98	51.82	51.82
CHELLARAM	6.53	32.96	9.95	94.05	94.05
NEWGOLD	35,504.54	26.85	25.05	52.56	52.56
CONHALLPLC	3.06	22.71	9.48	-11.61	-11.61
VITAFOAM	31.95	22.31	1.25	35.07	35.07
BETAGLAS	71.50	21.00	10.00	21.19	21.19
TIP	3.44	19.30	-1.16	36.00	36.00
MCNICHOLS	1.70	18.06	0.00	5.59	5.59
UPDCREIT	6.00	14.29	0.00	10.09	10.09
THOMASWY	2.04	10.87	0.00	7.37	7.37

Top ASI Losers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgQTD	%ChgYTD
VSPBONDETF	244.00	-27.16	0.00	-30.28	-30.28
Ikejahotel	11.00	-16.03	0.00	-10.93	-10.93
REGALINS	0.69	-15.00	-1.45	-15.00	-15.00
LIVESTOCK	5.30	-14.41	-4.72	14.00	14.00
UNIVINSURE	0.64	-11.76	-6.25	-16.67	-16.67
MERGROWTH	400.00	-10.00	-3.25	-1.90	-1.90
STANBIC	64.35	-9.94	0.00	10.95	10.95
SIAMLETF40	694.00	-9.87	0.00	-13.25	-13.25
SCOA	4.07	-9.83	-9.83	78.16	78.16
RTBRISCOE	2.85	-9.70	-5.26	-1.82	-1.82

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"

NEWGOLD EXCHANGE TRADED FUND (ETF) (NEWGOLD) topped the advancers list closing at N44,398.00 with a gain of 25.05% followed by BETA GLASS CO PLC. (BETAGLAS) which closed at N78.65 with a gain of 10.00%.

On the flip side UNIVERSITY PRESS PLC. (UPL) and OMATEK VENTURES PLC (OMATEK) topped the decliners log with a loss of -10.00% at a close of N5.04, and -9.88% to close the day at N0.73 respectively.

Top Gainers

Symbol	LClose	%Chg
NEWGOLD	44,398.00	25.05
BETAGLAS	78.65	10.00
PRESCO	643.50	10.00
OKOMUOIL	537.20	9.99
NNFM	66.65	9.98

Top Losers

Symbol	LClose	%Chg
UPL	5.04	-10.00
OMATEK	0.73	-9.88
SCOA	3.67	-9.83
LASACO	2.75	-8.33
NGXGROUP	27.10	-8.14

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 0.50%(7.74) 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
NEWGOLD	44,398.00	20.03	39,893.80	0.00	0.00	0.00	0.00	12.00	3.00	505.98K	03-Feb-2025 14:30:50.827
CONHALLPLC	3.35	8.66	3.21	69.63	0.03	2.08	35.86B	10.23M	154.00	33.98M	03-Feb-2025 14:30:48.597
NGXOILGAS	2,668.86	0.02	2,667.93	8.74	228.15	0.00	0.00	1.58M	555.00	648.49M	03-Feb-2025 14:30:30.833
INTENEGINS	1.93	0.00	1.92	0.52	2.85	3.40	2.48B	88.29K	6.00	187.16K	03-Feb-2025 14:30:12.037

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
NASCON	38.00	0.00	38.04	24.28	1.33	3.09	100.68B	477.95K	76.00	18.19M	03-Feb-2025 14:30:12.723
WAPCO	70.20	-1.14	70.32	24.60	2.87	2.70	1,130.77B	4.30M	157.00	301.67M	03-Feb-2025 14:30:51.173
MERGROWTH	387.00	-3.36	400.13			0.00	0.00	184.00	1.00	71.21K	03-Feb-2025 14:30:50.520
NGXGROUP	27.10	-8.86	27.82	0.00	0.00	2.73	53.23B	1.09M	45.00	29.95M	03-Feb-2025 14:30:13.150

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	83.99M	24.20M	247.02	29.50	29.95	-1.50	405	2.48B
ZENITHBANK	ZENITH INTERNATIONAL BANK PLC	54.53M	15.19M	258.92	50.00	50.60	-1.19	841	2.73B
SOVRENINS	SOVEREIGN TRUST INSURANCE PLC	14.14M	4.90M	188.69	1.05	1.00	5.00	96	14.67M
UNILEVER	UNILEVER NIGERIA PLC.	7.35M	1.18M	524.18	38.00	38.00	0.00	83	279.10M
INTBREW	INTERNATIONAL BREWERIES PLC.	5.96M	2.50M	138.76	5.50	5.50	0.00	87	33.51M

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	34.10	1.41	0.01
FIDELITYBK	5.48	13.24	1.17	0.89	14.12	1.41	0.11
NB	3.79	16.95	1.60	0.79	7.81	1.41	0.21
UNILEVER	2.81	67.09	0.40	0.75	5.56	1.41	0.25
HMCALL	0.00	0.00	0.00	-0.74	2.26	1.41	0.26
DAARCOMM	0.00	0.00	0.00	0.71	14.71	1.41	0.29
VETGRIF30	0.00			0.71	3.18	1.41	0.29
ABBEYBDS	1.43	0.00	0.00	0.70	3.33	1.41	0.30
NEM	6.52	24.99	0.37	0.69	7.50	1.41	0.31
NAHCO	6.66	92.98	0.41	0.65	14.38	1.41	0.35

African Markets

Name	LClose	Change	%Chg
BRVM Stock Exchange	277.90	2.18	0.79
Botswana Stock Exchange	10,075.28	0.00	0.00
Egyptian Exchange	30,010.62	119.56	0.40
Ghana Stock Exchange	5,229.44	1.57	0.03
Johannesburg Stock Exchange	85,956.63	274.18	0.32
Lusaka Stock Exchange	15,364.21	-1.54	-0.01
Casablanca Stock Exchange	16,248.20	-96.43	-0.59
Malawi Stock Exchange	223,474.92	9,048.78	4.22
Nigeria Stock Exchange	104,496.12	-251.39	-0.24
Nairobi Securities Exchange	128.28	-0.21	-0.16
Namibian Stock Exchange	1,773.59	0.18	0.01
Tunis Stock Exchange	10,221.63	-11.26	-0.11
Uganda Securities Exchange	1,304.64	-1.44	-0.11

Nigeria Market Indexes

Symbol	LClose	%Chg	QTD%	YTD%	Trades
ASI	104,630.30	0.13	1.41	1.41	13,885
NGX30	3,882.72	0.23	1.78	1.78	6,964
NGXAFRBVI	2,687.09	-0.38	8.32	8.32	2,607
NGXAFRHDYI	17,776.50	-0.27	4.40	4.40	2,864
NGXASEM	1,583.71	0.00	0.00	0.00	21
NGXBNK	1,185.58	-0.40	9.03	9.03	3,279
NGXCG	3,033.67	-0.33	7.23	7.23	7,158
NGXCNSMRGDS	1,798.06	-0.61	3.67	3.67	1,464
NGXGROWTH	8,275.77	0.49	6.61	6.61	189
NGXINDUSTR	3,264.26	-0.10	-8.61	-8.61	782
NGXINS	713.91	0.54	-9.19	-9.19	1,545
NGXLOTUSISLM	7,348.52	1.61	5.46	5.46	1,868
NGXMAINBOARD	5,103.91	0.17	2.00	2.00	10,064
NGXMERIGRW	7,408.46	1.47	13.57	13.57	1,870
NGXMERIVAL	10,971.17	-0.35	5.18	5.18	3,540
NGXOILGAS	2,668.86	0.02	-1.56	-1.56	555
NGXPENBRD	1,859.22	0.15	1.51	1.51	11,114
NGXPENSION	4,790.71	0.09	5.66	5.66	7,884
NGXPREMIUM	9,754.47	0.05	0.22	0.22	3,632
NGXSOVBND	620.40	0.00	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"

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