Daily Market Summary - February 21, 2025

Today, the Nigerian Stock Exchange (NGX) experienced a slight dip, with the All Share Index (ASI) closing down by -0.07% at 108,568.50. Year-to-date, the ASI has returned 5.15%, indicating a generally positive trend despite today's minor setback. Market turnover decreased by -9.50%, reflecting a drop in trading activity, which could suggest a cautious sentiment among investors. The market breadth was slightly negative, with 27 advancers and 35 decliners, highlighting a challenging environment for many stocks.

Significant Trends in Market Breadth:

• Market Breadth: 0.77x, indicating more decliners than advancers.
• Advancers: 27 stocks rose in value.
• Decliners: 35 stocks fell in value.
• Volume Traded: Increased for 60 companies, while 79 saw a decrease.

Highlights of the Top Gainers and Losers:

• CHAMPION BREW. PLC. (CHAMPION): Closed at ?4.12, up 9.87%. The stock's RSI is at 41.25, indicating it is not yet overbought, suggesting potential for further gains.
• DANGOTE SUGAR REFINERY PLC (DANGSUGAR): Closed at ?41.40, up 8.95%. This stock has a higher RSI of 64.26, nearing overbought territory, which may warrant caution.
• OMATEK VENTURES PLC (OMATEK): Closed at ?0.81, up 8%.
• DAAR COMMUNICATIONS PLC (DAARCOMM): Closed at ?0.68, up 7.94%.
• DEAP CAPITAL MANAGEMENT & TRUST PLC (DEAPCAP): Closed at ?0.99, up 7.61%.

• STANBIC IBTC ETF 30 (STANBICETF30): Closed at ?405, down -10%. The stock's RSI is at 46.34, indicating it is not yet oversold.
• THE SIAML PENSION ETF 40 (SIAMLETF40): Closed at ?564, down -9.90%. With an RSI of 18.49, this stock is in oversold territory, suggesting a potential rebound.
• IKEJA HOTEL PLC (Ikejahotel): Closed at ?11, down -7.56%.
• ACADEMY PRESS PLC (ACADEMY): Closed at ?2.78, down -7.33%.
• THE INITIATES PLC (TIP): Closed at ?4, down -6.98%.

Insights and Predictions:

• Turnover Decrease: The -9.50% drop in market turnover could indicate a cautious approach from investors, possibly due to external economic factors or upcoming earnings reports.
• Advancing vs. Declining Stocks: The ratio of advancing to declining stocks (0.77x) suggests a bearish sentiment in the market, which could continue if the trend persists.
• Unusual Volume Movements: Stocks like ELLAH LAKES PLC and DANGOTE SUGAR REFINERY PLC showed significant volume increases, indicating heightened interest and potential volatility.
• YTD Trends: Notably, DANGOTE SUGAR appears in both the YTD top gainers and today's top gainers, suggesting strong momentum. Conversely, THE SIAML PENSION ETF is a top loser both today and YTD, indicating persistent weakness.
• Bullish Momentum: Stocks like OMATEK and CHAMPION are showing bullish momentum with their prices above the 15-day moving average, suggesting potential for further gains.
• Bearish Momentum: THE SIAML PENSION ETF and STANBIC IBTC ETF are showing bearish momentum, with prices below their 15-day moving averages, indicating selling pressure.

High Dividend Yield Stocks:

• DANGOTE SUGAR REFINERY PLC has a solid dividend yield and is currently in a bullish trend, making it an attractive option for income-focused investors.
• STANBIC IBTC ETF has a high dividend yield but is currently in a bearish trend, which may deter some investors.

Suggestions for Traders:

• Opportunities: Consider accumulating shares in CHAMPION BREW and OMATEK as they show bullish momentum and potential for further gains.
• Cautions: Be wary of stocks like THE SIAML PENSION ETF and STANBIC IBTC ETF, which are showing bearish trends and may continue to decline.

Year-To-Date (YTD) Gainers and Losers