InfoWARE AI Analyst Weekly Market Report: 28-Feb-2025

InfoWARE AI Analyst Weekly Market Report: 28-Feb-2025
(Source: InfoWARE Terminal, Date: 28-Feb-2025)

Market Summary for the Week Ending February 28, 2025

This week, the Nigerian Stock Exchange (NGX) experienced a slight downturn, with the All Share Index (ASI) closing at 107,821.39, reflecting a -0.28% decline from the previous week. This marks a shift from the previous week’s positive momentum of 0.52%. Year-to-date, the ASI has returned 4.50%, a decrease from last week’s 5.15%. Market turnover also saw a decline, down 1.78% from last week, indicating a potential cooling in trading activity. The market breadth was notably weak, with 31 advancers against 65 decliners, suggesting a bearish sentiment prevailing among investors.

Significant Trends in Market Breadth

Market Breadth Ratio: 0.48x, indicating more decliners than advancers.
Advancers: 16.23% of stocks rose, while 34.03% declined, with 49.74% remaining unchanged.
Volume Trends: 140 stocks saw increased volume, while 143 experienced declines.

Highlights of the Top Gainers and Losers

Top Gainers:

CAVERTON OFFSHORE SUPPORT GRP PLC (CAVERTON): 22.92% WTD, 15.69% YTD, RSI: 62.84
P Z CUSSONS NIGERIA PLC (PZ): 20.00% WTD, 45.68% YTD, RSI: 78.62 (overbought)
LIVESTOCK FEEDS PLC (LIVESTOCK): 15.91% WTD, 67.72% YTD, RSI: 70.72 (overbought)
ASSOCIATED BUS COMPANY PLC (ABCTRANS): 15.45% WTD, 15.45% YTD, RSI: 75.18 (overbought)
JOHN HOLT PLC (JOHNHOLT): 14.00% WTD, 2.44% YTD, RSI: 42.46

Top Losers:

LOTUS HALAL EQUITY ETF (LOTUSHAL15): -34.00% WTD, 5.60% YTD, RSI: 46.88
THE SIAML PENSION ETF 40 (SIAMLETF40): -19.00% WTD, -44.31% YTD, RSI: 8.41 (oversold)
GUINEA INSURANCE PLC (GUINEAINS): -18.99% WTD, -28.09% YTD, RSI: 35.90
LEARN AFRICA PLC (LEARNAFRCA): -16.46% WTD, -26.67% YTD, RSI: 21.38 (oversold)
SUNU ASSURANCES NIGERIA PLC (SUNUASSUR): -15.04% WTD, -54.42% YTD, RSI: 42.68

Insights and Predictions

Turnover Decrease: The 1.78% drop in market turnover could indicate a cautious approach from investors, possibly due to macroeconomic uncertainties or profit-taking after recent gains.
Advancing vs. Declining Stocks: The significant number of decliners (65) compared to advancers (31) suggests a bearish sentiment, which may continue if economic conditions do not improve.
Unusual Volume Movements: Stocks like CAVERTON and PZ are showing strong momentum with high trading volumes, indicating investor confidence.
YTD Trends: The overlap of stocks like PZ and LIVESTOCK in both the gainers and their high RSI values suggests strong bullish momentum, while stocks like SIAMLETF40 and GUINEAINS show bearish momentum with low RSI values.
Bullish Momentum Stocks: Stocks such as PZ and LIVESTOCK are exhibiting bullish momentum with RSI above 70 and strong price performance.
Bearish Momentum Stocks: Stocks like SIAMLETF40 and GUINEAINS are showing bearish momentum with RSI below 30, indicating potential further declines.

Index Performance Analysis

NGX Oil/Gas Index: Closed at 2,561.63, up 0.87% WTD but down -5.52% YTD.
NGX Sovereign Bond Index: Closed at 626.76, up 0.59% WTD and 4.19% YTD.
NGX Banking Index: Down -1.66% WTD but up 7.20% YTD, indicating resilience in the banking sector despite recent declines.

Comparison of Indexes

The NGX Oil/Gas Index showed resilience this week, but its YTD performance remains negative, suggesting sector-specific challenges.
The NGX Banking Index continues to outperform on a YTD basis, indicating strong fundamentals in the banking sector.

High Dividend Yield Stocks

Stocks like PZ and LIVESTOCK not only show bullish momentum but may also offer attractive dividend yields, making them appealing for income-focused investors.

Suggestions for Traders

Opportunities: Consider accumulating shares in stocks like PZ and LIVESTOCK that show strong bullish momentum and fundamentals.
Caution: Be wary of stocks with bearish momentum and low RSI values, as they may continue to decline.

Year-To-Date (YTD) Gainers and Losers

Top YTD Gainers	%ChgYTD	Top YTD Losers	%ChgYTD
P Z CUSSONS NIGERIA PLC	45.68%	THE SIAML PENSION ETF 40	-44.31%
LIVESTOCK FEEDS PLC	67.72%	GUINEA INSURANCE PLC	-28.09%
CAVERTON OFFSHORE SUPPORT GRP PLC	15.69%	LEARN AFRICA PLC	-26.67%

Week-To-Date (WTD) Gainers and Losers

Top WTD Gainers	%ChgWTD	Top WTD Losers	%ChgWTD
CAVERTON OFFSHORE SUPPORT GRP PLC	22.92%	LOTUS HALAL EQUITY ETF	-34.00%
P Z CUSSONS NIGERIA PLC	20.00%	THE SIAML PENSION ETF 40	-19.00%
LIVESTOCK FEEDS PLC	15.91%	GUINEA INSURANCE PLC	-18.99%

In conclusion, while the market has shown some signs of weakness this week, there are still pockets of strength, particularly in certain sectors and stocks. Investors should remain vigilant and consider both the technical indicators and broader market sentiment when making trading decisions.

``` This summary provides a comprehensive overview of the market activities for the week, 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
CAVERTON	2.69	22.92	9.67	22.92	47.50	15.69	15.69
PZ	32.45	20.00	9.09	20.00	57.33	45.68	45.68
LIVESTOCK	6.90	15.91	7.68	15.91	47.13	67.72	67.72
ABCTRANS	1.42	15.45	0.00	15.45	24.56	15.45	15.45
JOHNHOLT	7.28	14.00	9.62	14.00	6.40	2.44	2.44
VETGRIF30	41.00	11.11	0.00	11.11	5.26	8.61	8.61
AUSTINLAZ	1.90	10.00	10.00	10.00	14.84	15.47	15.47
SMURFIT	0.33	10.00	0.00	10.00	65.00	65.00	65.00
UHOMREIT	44.25	9.94	0.00	9.94	20.90	20.90	20.90
HONYFLOUR	13.03	9.60	5.14	9.60	47.63	97.98	97.98

Top ASI Losers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
LOTUSHAL15	35.20	-34.00	-10.00	-34.00	-5.15	5.60	5.60
SIAMLETF40	495.00	-19.00	-10.00	-19.00	-35.81	-44.31	-44.31
GUINEAINS	0.66	-18.99	-3.03	-18.99	-12.33	-28.09	-28.09
LEARNAFRCA	3.66	-16.46	-9.84	-16.46	-26.67	-26.67	-26.67
SUNUASSUR	5.52	-15.04	-3.80	-15.04	-6.84	-54.42	-54.42
INTENEGINS	2.13	-14.83	-5.63	-14.83	4.15	7.49	7.49
PRESTIGE	1.11	-14.06	-0.90	-14.06	-15.38	-17.29	-17.29
DAARCOMM	0.63	-13.51	1.59	-13.51	-17.95	-5.88	-5.88
ETI	31.40	-12.39	-3.18	-12.39	0.00	8.57	8.57
NEWGOLD	47,998.00	-11.36	-18.75	-11.36	-12.16	34.01	34.01

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"

AUSTIN LAZ & COMPANY PLC (AUSTINLAZ) topped the advancers list closing at N2.09 with a gain of 10.00% followed by OANDO PLC (OANDO) which closed at N58.05 with a gain of 9.94%.

On the flip side NEWGOLD EXCHANGE TRADED FUND (ETF) (NEWGOLD) and LOTUS HALAL EQUITY ETF (LOTUSHAL15) topped the decliners log with a loss of -18.75% at a close of N39,000.10, and -10.00% to close the day at N31.68 respectively.

Top Gainers

Symbol	LClose	%Chg
AUSTINLAZ	2.09	10.00
OANDO	58.05	9.94
CAVERTON	2.95	9.67
JOHNHOLT	7.98	9.62
PZ	35.40	9.09

Top Losers

Symbol	LClose	%Chg
NEWGOLD	39,000.10	-18.75
LOTUSHAL15	31.68	-10.00
SIAMLETF40	445.50	-10.00
REDSTAREX	6.60	-9.96
LEARNAFRCA	3.30	-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 appreciated 0.04%(0.60) 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
JOHNHOLT	7.98	8.77	7.34	8.80	0.91	1.25	3.11B	613.67K	58.00	4.58M	28-Feb-2025 14:30:35.793
DEAPCAP	1.00	8.00	0.98	188.84	0.01	13.76	1.50B	517.01K	27.00	510.40K	28-Feb-2025 14:30:34.340
JAIZBANK	3.50	3.43	3.42	83.05	0.03	1.67	120.89B	17.57M	195.00	59.75M	28-Feb-2025 14:30:35.660
VERITASKAP	1.20	2.50	1.19	48.77	0.02	4.17	16.64B	957.91K	33.00	1.13M	28-Feb-2025 14:31:09.720
VETINDETF	42.00	2.19	41.20			0.00	0.00	5.00	1.00	210.00	28-Feb-2025 14:31:10.340
NGXCOMMDTY	1,013.78	0.52	1,013.25			0.00	0.00	0.00	0.00	0.00	28-Feb-2025 14:30:48.330

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
NGX30	4,003.81	0.04	4,006.94	575.61	329.08	0.00	0.00	284.87M	5,950.00	10.54B	28-Feb-2025 14:30:48.140
SKYAVN	46.50	0.00	46.52	153.23	0.17	1.15	62.94B	8.47K	11.00	371.30K	28-Feb-2025 14:30:41.607
NPFMCRFBK	1.75	-5.14	1.80	5.63	0.27	8.00	10.49B	5.39M	71.00	9.33M	28-Feb-2025 14:30:41.030
MULTIVERSE	9.75	-10.77	10.34	0.00	0.00	0.85	4.16B	136.82K	10.00	1.33M	28-Feb-2025 14:30:36.277
NEWGOLD	39,000.10	-23.07	42,299.61	0.00	0.00	0.00	0.00	1.00	1.00	39.00K	28-Feb-2025 14:31:10.147

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
ZENITHBANK	ZENITH INTERNATIONAL BANK PLC	122.23M	18.68M	554.16	48.35	48.00	0.73	745	5.87B
FCMB	FCMB GROUP PLC.	50.16M	12.96M	287.18	10.60	10.50	0.95	238	525.85M
SOVRENINS	SOVEREIGN TRUST INSURANCE PLC	10.28M	4.82M	113.25	1.14	1.18	-3.39	44	11.82M
CAVERTON	CAVERTON OFFSHORE SUPPORT GRP PLC	6.25M	2.54M	146.39	2.95	2.69	9.67	75	18.44M
CUSTODIAN	CUSTODIAN AND ALLIED PLC	6.12M	1.17M	424.11	19.05	19.20	-0.78	90	117.46M

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	97.98	4.50	0.01
CAVERTON	5.52	1.15	1.57	0.98	15.69	4.50	0.02
FIDELITYBK	5.48	13.24	1.17	0.89	4.71	4.50	0.11
NB	3.79	16.95	1.60	0.79	8.75	4.50	0.21
WAPIC	2.56	72.55	0.02	0.76	5.26	4.50	0.24
UNILEVER	2.81	67.09	0.40	0.75	9.58	4.50	0.25
HMCALL	0.00	0.00	0.00	-0.74	20.53	4.50	0.26
VETGOODS	0.00			0.71	9.01	4.50	0.29
VETGRIF30	0.00			0.71	8.61	4.50	0.29
ABBEYBDS	1.43	0.00	0.00	0.70	20.00	4.50	0.30

African Markets

Name	LClose	Change	%Chg
BRVM Stock Exchange	291.12	0.64	0.22
Botswana Stock Exchange	10,104.37	1.01	0.01
Egyptian Exchange	30,610.44	-21.44	-0.07
Johannesburg Stock Exchange	87,325.35	-998.05	-1.13
Lusaka Stock Exchange	15,413.64	-1.54	-0.01
Malawi Stock Exchange	278,455.54	3,898.71	1.42
Nigeria Stock Exchange	107,675.46	-118.57	-0.11
Nairobi Securities Exchange	132.35	-0.29	-0.22
Namibian Stock Exchange	1,771.86	-20.43	-1.14
Rwanda Stock Exchange	148.89	0.00	0.00
Tunis Stock Exchange	10,690.92	77.48	0.73
Uganda Securities Exchange	1,327.42	15.35	1.17

Nigeria Market Indexes

Symbol	LClose	%Chg	WTD%	MTD%	QTD%	YTD%	Trades
ASI	107,821.39	0.14	-0.28	3.05	4.50	4.50	11,725
NGX30	4,003.81	0.04	-0.40	3.12	4.95	4.95	5,950
NGXAFRBVI	2,646.88	0.21	-1.03	-1.50	6.70	6.70	2,033
NGXAFRHDYI	17,464.91	-0.52	-0.99	-1.75	2.57	2.57	2,269
NGXASEM	1,586.57	0.00	0.04	0.18	0.18	0.18	3
NGXBNK	1,165.71	-0.16	-1.66	-1.68	7.20	7.20	2,737
NGXCG	3,047.64	-0.04	-0.53	0.46	7.72	7.72	6,030
NGXCNSMRGDS	1,839.83	-0.41	-0.21	2.32	6.08	6.08	1,306
NGXGROWTH	7,853.43	-0.03	-0.14	-5.10	1.17	1.17	122
NGXINDUSTR	3,619.89	0.00	-0.44	10.89	1.35	1.35	607
NGXINS	716.28	-0.13	-3.74	0.33	-8.89	-8.89	1,368
NGXLOTUSISLM	7,736.88	0.59	0.37	5.28	11.04	11.04	1,659
NGXMAINBOARD	5,145.93	0.23	-0.30	0.82	2.84	2.84	8,609
NGXMERIGRW	7,313.63	0.45	-0.07	-1.28	12.12	12.12	1,699
NGXMERIVAL	10,871.70	-0.04	-0.66	-0.91	4.23	4.23	3,260
NGXOILGAS	2,561.63	1.74	0.87	-4.02	-5.52	-5.52	333
NGXPENBRD	1,925.67	0.08	-0.20	3.57	5.13	5.13	9,046
NGXPENSION	4,834.28	0.21	-0.65	0.91	6.62	6.62	6,833
NGXPREMIUM	10,474.21	-0.04	-0.25	7.38	7.62	7.62	2,994
NGXSOVBND	626.76	0.00	0.59	1.03	4.19	4.19	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"