InfoWARE Analyst Daily Market Report (04-Feb-2025 15:07:46.926)

InfoWARE Analyst Daily Market Report (04-Feb-2025 15:07:46.926)
(Source: InfoWARE Terminal, Date: 04-Feb-2025)

Dear Investor,

Daily Market Summary - February 4, 2025

Today, the Nigerian Stock Exchange (NGX) experienced a modest uptick, with the All Share Index (ASI) rising by 0.15% to close at 104,630.30. Year-to-date, the ASI has returned 1.56%. Market turnover saw a significant increase of 57%, reaching 19.46 billion Naira, despite a slight decline in trading volume to 455.80 million shares. The market breadth was positive, with 41 advancers outpacing 24 decliners, indicating a generally bullish sentiment among investors.

Key Highlights:

Market Breadth: The market breadth stood at 1.71x, suggesting a healthy number of advancing stocks relative to decliners.
Top Gainers:
- RED STAR EXPRESS PLC (REDSTAREX): Closed at 5.50, up 10.00%.
- BETA GLASS CO PLC (BETAGLAS): Closed at 86.50, up 9.98%.
- N NIG. FLOUR MILLS PLC (NNFM): Closed at 73.30, up 9.98%.
- CHELLARAMS PLC (CHELLARAM): Closed at 7.89, up 9.89%.
Top Losers:
- IKEJA HOTEL PLC (Ikejahotel): Closed at 9.95, down -9.55%.
- N.E.M INSURANCE CO (NIG) PLC (NEM): Closed at 12.05, down -6.59%.
- SUNU ASSURANCES NIGERIA PLC (SUNUASSUR): Closed at 5.35, down -6.14%.

Insights and Predictions:

Turnover Increase: The 57% increase in market turnover suggests heightened trading activity, which could indicate growing investor confidence or speculative trading.
Advancing vs. Declining Stocks: The ratio of advancing to declining stocks (1.71x) reflects a bullish sentiment, which may continue if the momentum persists.
Unusual Volume Movements: Stocks like FBN HOLDINGS PLC (FBNH) and UACN PLC exhibited unusual trading volumes, with FBNH trading 83.08 million shares, significantly above its 90-day average of 25.49 million. This could signal potential volatility or a shift in investor interest.
YTD Trends: Notably, BETA GLASS CO PLC and N NIG. FLOUR MILLS PLC are leading the YTD gainers, with returns of 33.28% and 66.97%, respectively. Their strong performance may attract further investment, especially if they maintain upward momentum.
Dividend Yield Considerations: Stocks like MANSARD INSURANCE PLC and FIDSON HEALTHCARE PLC have attractive dividend yields, which could appeal to income-focused investors, especially in a bullish market.

Suggestions for Traders:

Opportunities: Consider monitoring stocks that have crossed above their 15-day moving averages, such as NIGERIAN EXCHANGE GROUP and SOVEREIGN TRUST INSURANCE PLC, as they may present buying opportunities.
Caution: Be wary of stocks like CONSOLIDATED HALLMARK INSURANCE PLC and N.E.M INSURANCE CO, which have crossed below their 15-day moving averages, indicating potential bearish momentum.

Year-To-Date Top Gainers and Losers

Top Gainers	Symbol	Price	%ChgYTD
BETA GLASS CO PLC	BETAGLAS	78.65	33.28%
N NIG. FLOUR MILLS PLC	NNFM	66.65	66.97%
CHELLARAMS PLC	CHELLARAM	7.18	113.24%
NEWGOLD ETF	NEWGOLD	44398.00	52.22%
THE INITIATES PLC	TIP	3.40	48.80%

Top Losers	Symbol	Price	%ChgYTD
IKEJA HOTEL PLC	Ikejahotel	11.00	-19.43%
STANBIC IBTC HOLDINGS PLC	STANBIC	64.35	9.48%
UNIVERSITY PRESS PLC	UPL	5.04	30.91%
OANDO PLC	OANDO	68.50	4.03%
SUNU ASSURANCES NIGERIA PLC	SUNUASSUR	5.70	-54.08%

``` This summary provides a comprehensive overview of today's market 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
BETAGLAS	78.65	33.08	9.98	9.98	9.98	33.28	33.28
NNFM	66.65	33.03	9.98	9.98	9.98	66.97	66.97
CHELLARAM	7.18	32.83	9.89	9.89	9.89	113.24	113.24
NEWGOLD	44,398.00	24.77	-0.22	-0.22	-0.22	52.22	52.22
TIP	3.40	18.85	9.41	9.41	9.41	48.80	48.80
PRESCO	643.50	17.09	6.45	6.45	6.45	44.21	44.21
CONHALLPLC	3.35	12.90	-5.97	-5.97	-5.97	-16.89	-16.89
VITAFOAM	32.35	11.36	0.00	0.00	0.00	35.07	35.07
GUINEAINS	0.73	11.11	9.59	9.59	9.59	-10.11	-10.11
SOVRENINS	1.05	10.00	4.76	4.76	4.76	-10.57	-10.57

Top ASI Losers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
Ikejahotel	11.00	-18.44	-9.55	-9.55	-9.55	-19.43	-19.43
STANBIC	64.35	-11.13	-1.32	-1.32	-1.32	9.48	9.48
UPL	5.04	-10.00	0.00	0.00	0.00	30.91	30.91
OANDO	68.50	-9.93	-0.07	-0.07	-0.07	4.03	4.03
SIAMLETF40	694.00	-9.87	0.00	0.00	0.00	-13.25	-13.25
SCOA	3.67	-9.83	0.00	0.00	0.00	78.16	78.16
SUNUASSUR	5.70	-8.08	-6.14	-6.14	-6.14	-54.08	-54.08
REGALINS	0.68	-7.89	2.94	2.94	2.94	-12.50	-12.50
NEM	12.90	-7.66	-6.59	-6.59	-6.59	0.42	0.42
DEAPCAP	1.00	-6.36	3.00	3.00	3.00	-14.17	-14.17

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"

RED STAR EXPRESS PLC (REDSTAREX) topped the advancers list closing at N5.50 with a gain of 10.00% followed by UNIVERSAL INSURANCE COMPANY PLC (UNIVINSURE) which closed at N0.66 with a gain of 10.00%.

On the flip side IKEJA HOTEL PLC (Ikejahotel) and N.E.M INSURANCE CO (NIG) PLC. (NEM) topped the decliners log with a loss of -9.55% at a close of N9.95, and -6.59% to close the day at N12.05 respectively.

Top Gainers

Symbol	LClose	%Chg
REDSTAREX	5.50	10.00
UNIVINSURE	0.66	10.00
BETAGLAS	86.50	9.98
NNFM	73.30	9.98
CHELLARAM	7.89	9.89

Top Losers

Symbol	LClose	%Chg
Ikejahotel	9.95	-9.55
NEM	12.05	-6.59
SUNUASSUR	5.35	-6.14
CONHALLPLC	3.15	-5.97
ROYALEX	0.96	-3.03

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
NGXGROUP	29.00	6.55	27.95	0.00	0.00	2.73	56.96B	2.49M	54.00	72.31M	04-Feb-2025 14:30:15.803
SOVRENINS	1.10	4.55	1.07	27.95	0.03	3.75	12.50B	3.55M	39.00	3.84M	04-Feb-2025 14:30:16.567
MANSARD	9.39	4.15	9.23	31.16	0.24	4.59	84.51B	5.33M	112.00	48.25M	04-Feb-2025 14:30:15.347
ELLAHLAKES	3.14	2.55	3.11	0.00	0.00	0.00	6.28B	2.03M	72.00	6.47M	04-Feb-2025 14:30:14.443
NASCON	38.80	2.06	38.29	24.28	1.33	3.09	102.80B	550.07K	69.00	21.05M	04-Feb-2025 14:30:15.653
FIDSON	17.10	0.58	17.07	22.54	0.64	4.14	39.24B	611.36K	67.00	10.41M	04-Feb-2025 14:30:14.700

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
CUSTODIAN	18.50	-2.16	18.90	3.80	3.29	1.20	108.81B	2.17M	87.00	39.40M	04-Feb-2025 14:30:14.140
UACN	35.00	-2.86	35.95	9.38	2.35	1.00	102.41B	21.23M	108.00	702.76M	04-Feb-2025 14:30:16.970
CONHALLPLC	3.15	-6.35	3.20	69.63	0.03	2.08	33.72B	14.68M	111.00	45.62M	04-Feb-2025 14:30:37.650
NEM	12.05	-7.05	12.53	24.99	0.37	6.52	60.45B	1.27M	61.00	15.81M	04-Feb-2025 14:30:15.753

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
FBNH	FBN HOLDINGS PLC	83.08M	25.49M	225.99	29.30	29.50	-0.68	331	2.43B
UACN	U A C N PLC.	21.23M	2.50M	749.64	35.00	36.00	-2.78	108	702.76M
CONHALLPLC	CONSOLIDATED HALLMARK INSURANCE PLC	14.68M	5.25M	179.31	3.15	3.35	-5.97	111	45.62M
UPDC	UPDC PLC	9.72M	3.60M	170.15	2.00	1.90	5.26	99	19.86M
LINKASSURE	LINKAGE ASSURANCE PLC	8.84M	3.00M	194.52	1.50	1.40	7.14	51	13.10M

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	277.24	-0.67	-0.24
Botswana Stock Exchange	10,075.28	0.00	0.00
Egyptian Exchange	29,754.77	-164.56	-0.55
Ghana Stock Exchange	5,227.53	-2.09	-0.04
Johannesburg Stock Exchange	85,490.13	-464.15	-0.54
Lusaka Stock Exchange	15,364.21	0.00	0.00
Casablanca Stock Exchange	16,208.87	-38.99	-0.24
Malawi Stock Exchange	228,076.71	4,603.55	2.06
Nigeria Stock Exchange	104,630.30	135.84	0.13
Nairobi Securities Exchange	127.71	-0.56	-0.44
Namibian Stock Exchange	1,746.92	-26.60	-1.50
Tunis Stock Exchange	10,200.04	-21.47	-0.21
Uganda Securities Exchange	1,292.07	-12.52	-0.96

Nigeria Market Indexes

Symbol	LClose	%Chg	WTD%	MTD%	QTD%	YTD%	Trades
ASI	104,788.35	0.15	0.15	0.15	1.56	1.56	14,060
NGX30	3,887.86	0.13	0.13	0.13	1.91	1.91	6,694
NGXAFRBVI	2,691.83	0.18	0.18	0.18	8.51	8.51	2,214
NGXAFRHDYI	17,805.29	0.16	0.16	0.16	4.57	4.57	2,489
NGXASEM	1,583.71	0.00	0.00	0.00	0.00	0.00	8
NGXBNK	1,185.93	0.03	0.03	0.03	9.06	9.06	2,716
NGXCG	3,035.15	0.05	0.05	0.05	7.28	7.28	6,293
NGXCNSMRGDS	1,800.99	0.16	0.16	0.16	3.84	3.84	1,478
NGXGROWTH	8,349.29	0.89	0.89	0.89	7.55	7.55	153
NGXINDUSTR	3,265.94	0.05	0.05	0.05	-8.56	-8.56	829
NGXINS	710.17	-0.52	-0.52	-0.52	-9.67	-9.67	1,252
NGXLOTUSISLM	7,372.27	0.32	0.32	0.32	5.80	5.80	1,788
NGXMAINBOARD	5,113.61	0.19	0.19	0.19	2.19	2.19	10,918
NGXMERIGRW	7,424.65	0.22	0.22	0.22	13.82	13.82	2,207
NGXMERIVAL	10,941.99	-0.27	-0.27	-0.27	4.90	4.90	3,111
NGXOILGAS	2,668.63	-0.01	-0.01	-0.01	-1.57	-1.57	382
NGXPENBRD	1,861.75	0.14	0.14	0.14	1.64	1.64	10,257
NGXPENSION	4,798.68	0.17	0.17	0.17	5.84	5.84	7,467
NGXPREMIUM	9,761.44	0.07	0.07	0.07	0.29	0.29	2,989
NGXSOVBND	620.40	0.00	0.00	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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