InfoWARE Analyst Daily Market Report (21-Feb-2025 15:08:26.067)

InfoWARE Analyst Daily Market Report (21-Feb-2025 15:08:26.067)
(Source: InfoWARE Terminal, Date: 21-Feb-2025)

Dear Investor,

Market Summary for the Week Ending February 21, 2025

This week, the Nigerian stock market exhibited a mixed performance with the All Share Index (ASI) closing at 108,497.40, marking a 0.52% increase from the previous week. Despite the positive close, market turnover and volume traded saw a significant decline, with turnover down by 12.76% and volume down by 21.77%. The market sentiment was somewhat cautious, as indicated by the market breadth ratio of 0.52x, with more decliners than advancers.

Key Highlights

Market Breadth: The market breadth was negative with 33 advancers and 63 decliners, resulting in a breadth ratio of 0.52x. This indicates a bearish sentiment as more stocks declined than advanced.
Top Gainers:
- LOTUS HALAL EQUITY ETF (LOTUSHAL15) surged by 33.05%, showing strong momentum with an RSI of 66.70.
- ABBEY BUILDING SOCIETY PLC (ABBEYBDS) rose by 16.13%, with a high RSI of 77.13, indicating overbought conditions.
- DANGOTE SUGAR REFINERY PLC (DANGSUGAR) increased by 13.27%, supported by a solid YTD gain of 27.38%.
Top Losers:
- UNION DICON SALT PLC (UNIONDICON) fell by 26.38%, with a low RSI of 20.27, indicating oversold conditions.
- VETIVA S & P NIGERIA SOVEREIGN BOND ETF (VSPBONDETF) dropped by 25.00%, continuing its YTD decline of 31.43%.

Insights and Predictions

Turnover Implications: The decrease in market turnover suggests a cautious approach by investors, possibly due to uncertainties or profit-taking activities.
Advancing vs. Declining Stocks: The higher number of decliners indicates a bearish trend, but the presence of strong gainers suggests selective buying in specific sectors.
Unusual Volume Movements: Stocks like OANDO and ZENITHBANK saw significant institutional trading, indicating potential interest from large investors.
YTD Trends: Stocks like DANGSUGAR and ABBEYBDS show strong YTD performance, suggesting continued investor confidence.
Bullish Momentum Stocks: ABBEYBDS with an RSI above 70 and positive MACD crossover indicates strong bullish momentum.
Bearish Momentum Stocks: UNIONDICON with an RSI below 30 and negative MACD crossover suggests bearish momentum.

Index Performance Analysis

The NGX Consumer Goods Index (NGXCNSMRGDS) was the top performer, rising by 5.13% WTD and 6.46% YTD, driven by strong performances in consumer goods stocks. In contrast, the NGX Banking Index (NGXBNK) was the laggard, declining by 2.83% WTD, despite a strong YTD gain of 10.60%.

Sector Comparisons

The Consumer Goods sector outperformed, likely due to increased consumer spending or favorable earnings reports.
The Banking sector underperformed, possibly due to profit-taking or regulatory concerns.

Dividend Yield Insights

Stocks with high dividend yields, such as DANGSUGAR, continue to attract investors seeking income, despite market volatility.

Trader Suggestions

Consider buying into strong momentum stocks like ABBEYBDS, but be cautious of overbought conditions.
Watch for potential rebounds in oversold stocks like UNIONDICON.

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

Name	Symbol	%ChgYTD
DANGOTE SUGAR REFINERY PLC	DANGSUGAR	27.38%
ABBEY BUILDING SOCIETY PLC	ABBEYBDS	20.00%
UNION DICON SALT PLC	UNIONDICON	-16.67%
VETIVA S & P NIGERIA SOVEREIGN BOND ETF	VSPBONDETF	-31.43%

Top Week-To-Date (WTD) Gainers and Losers

Name	Symbol	%ChgWTD
LOTUS HALAL EQUITY ETF	LOTUSHAL15	33.05%
ABBEY BUILDING SOCIETY PLC	ABBEYBDS	16.13%
UNION DICON SALT PLC	UNIONDICON	-26.38%
VETIVA S & P NIGERIA SOVEREIGN BOND ETF	VSPBONDETF	-25.00%

This week’s market activity reflects a complex interplay of investor sentiment, sector performance, and economic indicators. As always, investors should remain vigilant and consider both technical and fundamental analyses when making trading decisions.

``` This summary provides a comprehensive overview of the market's performance, highlighting key trends, insights, and actionable suggestions for investors.

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
LOTUSHAL15	43.96	33.05	0.00	33.05	31.62	46.53	46.53
ABBEYBDS	3.41	16.13	5.57	16.13	16.13	20.00	20.00
SOVRENINS	1.26	13.79	4.76	13.79	25.71	7.32	7.32
CONHALLPLC	3.84	13.61	0.00	13.61	14.63	1.32	1.32
DANGSUGAR	38.00	13.27	8.95	13.27	15.00	27.38	27.38
FG212035S1	112.00	13.00	0.89	13.00	13.00	13.00	13.00
BUAFOODS	418.00	11.91	0.00	11.91	0.72	0.72	0.72
SUNUASSUR	6.74	10.92	-2.08	10.92	15.79	-43.35	-43.35
CORNERST	3.40	10.54	1.76	10.54	1.17	-12.63	-12.63
CHAMPION	3.75	9.87	9.87	9.87	11.35	8.14	8.14

Top ASI Losers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
UNIONDICON	6.00	-26.38	0.00	-26.38	-20.00	-16.67	-16.67
VSPBONDETF	240.00	-25.00	0.00	-25.00	-1.64	-31.43	-31.43
SIAMLETF40	626.00	-19.43	-9.90	-19.43	-18.73	-29.50	-29.50
STANBICETF30	450.00	-17.18	-10.00	-17.18	-9.80	9.76	9.76
ROYALEX	0.89	-15.15	-5.62	-15.15	-15.15	-23.64	-23.64
NEWGOLD	39,500.00	-13.87	-2.53	-13.87	-13.28	32.29	32.29
ACADEMY	3.00	-13.13	-7.33	-13.13	-7.33	-11.75	-11.75
Ikejahotel	11.90	-12.70	-7.56	-12.70	0.00	-10.93	-10.93
TIP	4.30	-10.11	-6.98	-10.11	17.65	60.00	60.00
ELLAHLAKES	3.21	-9.83	0.00	-9.83	4.90	6.64	6.64

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"

CHAMPION BREW. PLC. (CHAMPION) topped the advancers list closing at N4.12 with a gain of 9.87% followed by DANGOTE SUGAR REFINERY PLC (DANGSUGAR) which closed at N41.40 with a gain of 8.95%.

On the flip side STANBIC IBTC ETF 30 (STANBICETF30) and THE SIAML PENSION ETF 40 (SIAMLETF40) topped the decliners log with a loss of -10.00% at a close of N405.00, and -9.90% to close the day at N564.00 respectively.

Top Gainers

Symbol	LClose	%Chg
CHAMPION	4.12	9.87
DANGSUGAR	41.40	8.95
OMATEK	0.81	8.00
DAARCOMM	0.68	7.94
DEAPCAP	0.99	7.61

Top Losers

Symbol	LClose	%Chg
STANBICETF30	405.00	-10.00
SIAMLETF40	564.00	-9.90
Ikejahotel	11.00	-7.56
ACADEMY	2.78	-7.33
TIP	4.00	-6.98

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 0.06%(0.94) 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
OMATEK	0.81	7.41	0.80	6.82	0.10	0.00	2.38B	1.29M	24.00	1.03M	21-Feb-2025 14:30:41.403
CHAMS	2.35	5.96	2.24	27.02	0.07	1.56	11.04B	10.90M	108.00	25.17M	21-Feb-2025 14:30:33.963
UNIVINSURE	0.69	4.35	0.68	0.00	0.00	0.00	11.04B	13.39M	66.00	9.23M	21-Feb-2025 14:30:42.717
CWG	8.50	3.53	8.41	0.00	0.00	2.46	21.46B	3.31M	104.00	26.77M	21-Feb-2025 14:31:14.467
GTCO	63.05	1.03	63.01	7.49	7.10	1.88	1,855.64B	4.19M	345.00	262.51M	21-Feb-2025 14:31:14.530

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
OKOMUOIL	536.00	0.00	536.32	65.18	5.63	0.54	511.30B	65.34K	112.00	36.36M	21-Feb-2025 14:30:41.387
NGXPENSION	4,903.92	-0.13	4,907.53	429.80	359.59	0.00	0.00	148.21M	6,876.00	5.87B	21-Feb-2025 14:30:51.753
CILEASING	3.90	-1.54	3.92	6.50	0.64	1.20	3.05B	448.12K	28.00	1.74M	21-Feb-2025 14:30:33.983
LASACO	3.10	-1.61	3.12	21.56	0.11	4.05	5.68B	462.32K	26.00	1.39M	21-Feb-2025 14:31:14.567
NPFMCRFBK	1.77	-1.69	1.79	5.63	0.27	8.00	10.61B	538.83K	26.00	977.95K	21-Feb-2025 14:30:41.307
NSLTECH	0.67	-2.99	0.68	0.00	0.00	15.87	3.77B	711.48K	30.00	473.95K	21-Feb-2025 14:30:41.340
LINKASSURE	1.40	-3.57	1.44	59.89	0.02	5.56	19.60B	340.97K	12.00	479.25K	21-Feb-2025 14:30:40.137
CUTIX	2.50	-4.00	2.54	8.81	0.26	6.52	8.81B	8.94M	121.00	22.22M	21-Feb-2025 14:30:34.233

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
ELLAHLAKES	ELLAH LAKES PLC.	40.47M	8.22M	392.53	3.21	3.21	0.00	161	130.51M
NASCON	NATIONAL SALT CO. NIG. PLC	10.11M	3.07M	229.51	44.50	43.80	1.60	160	443.82M
DANGSUGAR	DANGOTE SUGAR REFINERY PLC	9.78M	2.52M	288.10	41.40	38.00	8.95	656	390.58M
ACADEMY	ACADEMY PRESS PLC.	3.76M	320.13K	1,073.32	2.78	3.00	-7.33	31	10.95M
REDSTAREX	RED STAR EXPRESS PLC	469.35K	199.50K	135.26	6.40	6.00	6.67	20	2.90M

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	89.45	5.15	0.01
FIDELITYBK	5.48	13.24	1.17	0.89	7.65	5.15	0.11
NB	3.79	16.95	1.60	0.79	6.25	5.15	0.21
WAPIC	2.56	72.55	0.02	0.76	8.50	5.15	0.24
UNILEVER	2.81	67.09	0.40	0.75	9.58	5.15	0.25
HMCALL	0.00	0.00	0.00	-0.74	20.53	5.15	0.26
VETGOODS	0.00			0.71	9.01	5.15	0.29
VETGRIF30	0.00			0.71	8.61	5.15	0.29
ABBEYBDS	1.43	0.00	0.00	0.70	20.00	5.15	0.30
NEM	6.52	24.99	0.37	0.69	9.17	5.15	0.31

African Markets

Name	LClose	Change	%Chg
BRVM Stock Exchange	291.22	3.48	1.21
Botswana Stock Exchange	10,067.39	0.00	0.00
Egyptian Exchange	30,914.72	40.14	0.13
Ghana Stock Exchange	5,470.42	-40.23	-0.73
Johannesburg Stock Exchange	88,873.33	530.06	0.60
Lusaka Stock Exchange	15,417.83	-4.63	-0.03
Malawi Stock Exchange	256,415.60	4,087.71	1.62
Nigeria Stock Exchange	108,568.50	-43.44	-0.04
Nairobi Securities Exchange	133.63	-0.23	-0.17
Namibian Stock Exchange	1,781.44	16.59	0.94
Rwanda Stock Exchange	148.89	0.00	0.00
Tunis Stock Exchange	10,424.93	12.49	0.12
Uganda Securities Exchange	1,304.88	5.59	0.43

Nigeria Market Indexes

Symbol	LClose	%Chg	WTD%	MTD%	QTD%	YTD%	Trades
ASI	108,497.40	-0.07	0.52	3.70	5.15	5.15	12,642
NGX30	4,036.47	-0.08	0.64	3.96	5.81	5.81	6,132
NGXAFRBVI	2,714.75	-0.55	-2.75	1.03	9.43	9.43	2,103
NGXAFRHDYI	17,858.96	-0.16	-1.04	0.46	4.88	4.88	2,767
NGXASEM	1,585.91	0.00	0.03	0.14	0.14	0.14	1
NGXBNK	1,202.73	-0.55	-2.83	1.45	10.60	10.60	2,610
NGXCG	3,099.37	-0.25	-2.12	2.17	9.55	9.55	6,209
NGXCNSMRGDS	1,846.47	0.63	5.13	2.69	6.46	6.46	1,764
NGXGROWTH	7,864.46	-0.31	-0.66	-4.97	1.31	1.31	54
NGXINDUSTR	3,638.55	0.10	-0.07	11.47	1.87	1.87	777
NGXINS	750.54	-0.25	3.22	5.13	-4.53	-4.53	592
NGXLOTUSISLM	7,711.49	0.14	1.27	4.94	10.67	10.67	1,456
NGXMAINBOARD	5,170.64	0.03	1.45	1.31	3.33	3.33	9,827
NGXMERIGRW	7,404.89	-0.61	-1.64	-0.05	13.52	13.52	1,337
NGXMERIVAL	11,117.78	-0.42	-2.74	1.34	6.59	6.59	3,464
NGXOILGAS	2,546.46	-0.58	-1.81	-4.59	-6.07	-6.07	346
NGXPENBRD	1,936.06	-0.02	0.66	4.13	5.70	5.70	8,681
NGXPENSION	4,903.92	-0.13	-1.07	2.36	8.16	8.16	6,876
NGXPREMIUM	10,567.95	-0.24	-1.11	8.34	8.58	8.58	2,761
NGXSOVBND	621.72	0.02	0.21	0.21	3.35	3.35	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"