InfoWARE AI Analyst Weekly Market Report: 14-Mar-2025

InfoWARE AI Analyst Weekly Market Report: 14-Mar-2025
(Source: InfoWARE Terminal, Date: 14-Mar-2025)

Dear Investor,

This week, the Nigerian Stock Exchange (NGX) experienced a slight decline, with the All Share Index (ASI) closing at 105,995.32, down -0.59% from the previous week. Despite this downturn, the market showed some resilience with a Year-To-Date (YTD) return of 2.73%. Notably, market turnover surged by 25.20%, indicating increased trading activity, although the number of trade deals decreased by -7.88%. The market breadth ratio stood at 0.87x, reflecting a challenging environment with more decliners than advancers. Overall, the sentiment remains cautious as investors navigate through mixed signals in the market.

Significant Trends in Market Breadth:

Market breadth ratio of 0.87x indicates more decliners (52) than advancers (45).
23.20% of stocks advanced, while 26.80% declined, with 50.00% remaining unchanged.
Volume traded increased for 141 companies, while 141 saw a decrease.

Highlights of the Top Gainers and Losers:

Top Gainers (Week-To-Date):

VETIVA S & P NIGERIA SOVEREIGN BOND ETF (VSPBONDETF): +65.69%
CORNERSTONE INSURANCE COMPANY PLC (CORNERST): +19.86%
LIVESTOCK FEEDS PLC (LIVESTOCK): +13.84%
FTN COCOA PROCESSORS PLC (FTNCOCOA): +9.47%
NIGERIAN ENAMELWARE PLC (ENAMELWA): +9.05%

Top Losers (Week-To-Date):

STANBIC IBTC ETF 30 (STANBICETF30): -18.95%
NEIMETH INTERNATIONAL PHARMACEUTICALS PLC (NEIMETH): -17.00%
DANGOTE SUGAR REFINERY PLC (DANGSUGAR): -12.38%
CONOIL PLC (CONOIL): -10.00%
MECURE INDUSTRIES PLC (MECURE): -10.00%

Insights and Predictions:

The significant decrease in turnover, despite increased trading volume, suggests a potential shift in investor sentiment, possibly indicating profit-taking or caution ahead of upcoming economic data.
With 23.20% of stocks advancing and 26.80% declining, the market is showing signs of volatility, which could lead to further fluctuations in the coming weeks.
Stocks like VSPBONDETF and CORNERST are showing bullish momentum, with RSI values indicating strong buying interest.
Conversely, stocks like STANBICETF30 and NEIMETH are in bearish territory, with RSI values suggesting oversold conditions.

Index Performance Analysis:

The NGX Insurance Index (NGXINS) was the top performer this week, gaining 1.78%, although it remains down -10.22% YTD. In contrast, the NGX Growth Index (NGXGROWTH) suffered the most, declining -5.71% this week and -4.89% YTD. The overall performance of the indexes indicates a mixed sentiment across sectors.

Comparison of Indexes:

NGXINS showed resilience with a weekly gain, while NGXGROWTH faced significant losses.
NGX Consumer Goods Index (NGXCNSMRGDS) also faced a slight decline of -0.20% this week, indicating challenges in the consumer sector.

Dividend Yield Insights:

Stocks with high dividend yields such as NEIMETH and CONOIL are currently in bearish momentum, which may present a buying opportunity for long-term investors looking for income.

Suggestions for Traders:

Consider taking positions in stocks showing bullish momentum, particularly those with strong RSI and MACD indicators.
Be cautious with stocks in bearish momentum, especially those with declining volumes and negative MACD signals.
Monitor the market closely for any shifts in sentiment, particularly in response to economic news or earnings reports.

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

Top YTD Gainers	Top YTD Losers
1. VSPBONDETF	1. STANBICETF30
2. CORNERST	2. NEIMETH
3. LIVESTOCK	3. DANGSUGAR

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

Top WTD Gainers	Top WTD Losers
1. VSPBONDETF	1. STANBICETF30
2. CORNERST	2. NEIMETH
3. LIVESTOCK	3. DANGSUGAR

Market Activity Summary:

Retail investors accounted for 89.90% of trade count but only 15.27% of total volume, indicating a preference for smaller trades. In contrast, institutional investors dominated the volume with 84.73% of total volume traded.

Top 5 Most Traded Stocks:

Institutional Investors:

1. ARADEL
2. ZENITHBANK
3. ACCESSCORP
4. UBA
5. FIDELITYBK

Retail Investors:

1. ACCESSCORP
2. OANDO
3. ZENITHBANK
4. ARADEL
5. TANTALIZER

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
VSPBONDETF	187.10	65.69	65.69	65.69	70.33	-11.43	-11.43
CORNERST	3.50	19.86	0.00	19.86	7.03	-11.62	-11.62
LIVESTOCK	10.20	13.84	0.00	13.84	35.82	130.25	130.25
UPDCREIT	6.00	10.17	8.33	10.17	3.17	19.27	19.27
FTNCOCOA	1.85	9.47	0.00	9.47	5.11	-1.60	-1.60
ENAMELWA	23.20	9.05	9.05	9.05	9.05	31.09	31.09
CWG	9.00	8.43	0.00	8.43	7.14	20.81	20.81
SMURFIT	0.39	8.33	0.00	8.33	18.18	95.00	95.00
ROYALEX	0.80	7.32	10.00	7.32	3.53	-20.00	-20.00
CAVERTON	2.95	6.76	1.69	6.76	3.45	17.65	17.65

Top ASI Losers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
STANBICETF30	350.00	-18.95	-8.30	-18.95	-19.76	-13.02	-13.02
NEIMETH	2.75	-17.00	-9.45	-17.00	-17.55	-0.80	-0.80
DANGSUGAR	38.00	-12.38	-7.76	-12.38	-12.38	7.85	7.85
CONOIL	331.20	-10.00	0.00	-10.00	-10.00	-14.46	-14.46
MECURE	11.25	-10.00	0.00	-10.00	-10.36	-19.06	-19.06
UPL	4.32	-10.00	0.00	-10.00	-5.05	12.21	12.21
BERGER	18.85	-9.81	0.00	-9.81	-9.81	-5.75	-5.75
ACADEMY	2.62	-9.66	0.00	-9.66	-4.73	-16.83	-16.83
LOTUSHAL15	35.99	-8.53	-9.98	-8.53	-7.00	8.00	8.00
ABCTRANS	1.50	-7.98	0.00	-7.98	-3.85	21.95	21.95

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"

VETIVA S & P NIGERIA SOVEREIGN BOND ETF (VSPBONDETF) topped the advancers list closing at N310.00 with a gain of 65.69% followed by ROYAL EXCHANGE PLC. (ROYALEX) which closed at N0.88 with a gain of 10.00%.

On the flip side NEWGOLD EXCHANGE TRADED FUND (ETF) (NEWGOLD) and LOTUS HALAL EQUITY ETF (LOTUSHAL15) topped the decliners log with a loss of -17.71% at a close of N39,500.01, and -9.97% to close the day at N32.40 respectively.

Top Gainers

Symbol	LClose	%Chg
VSPBONDETF	310.00	65.69
ROYALEX	0.88	10.00
LINKASSURE	1.26	9.57
GUINEAINS	0.69	9.52
ENAMELWA	25.30	9.05

Top Losers

Symbol	LClose	%Chg
NEWGOLD	39,500.01	-17.71
LOTUSHAL15	32.40	-9.97
TANTALIZER	2.93	-9.85
JAIZBANK	3.25	-9.72
NEIMETH	2.49	-9.45

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 fell 0.13%(-2.05) 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
VSPBONDETF	310.00	39.65	216.04			0.00	0.00	1.00	1.00	310.00	14-Mar-2025 14:31:13.600
FGSUK2033S6	100.00	11.00	94.80			0.00	0.00	1.00	1.00	1.00K	14-Mar-2025 14:30:38.210
ROYALEX	0.88	9.09	0.81	0.00	0.00	7.81	4.53B	2.45M	64.00	2.15M	14-Mar-2025 14:31:12.347
GUINEAINS	0.69	8.70	0.68	66.79	0.01	1.96	4.24B	3.17M	51.00	2.18M	14-Mar-2025 14:30:25.957
UPDCREIT	6.50	7.69	6.14	9.09	0.57	10.87	17.34B	871.43K	41.00	5.54M	14-Mar-2025 14:30:45.540
CHAMPION	4.00	3.75	3.97	412.83	0.01	0.41	31.32B	350.37M	34.00	1.40B	14-Mar-2025 14:30:23.117
UPDC	2.80	1.07	2.78	0.00	0.00	34.25	51.97B	3.07M	127.00	8.65M	14-Mar-2025 14:30:29.170
GTCO	61.00	0.82	60.50	7.49	7.10	1.88	1,795.30B	16.88M	246.00	1.03B	14-Mar-2025 14:30:25.923
CHAMS	2.15	0.47	2.13	27.02	0.07	1.56	10.10B	8.36M	101.00	17.51M	14-Mar-2025 14:30:23.187
STERLINGNG	5.40	0.37	5.39	15.75	0.30	3.19	155.47B	6.86M	123.00	36.86M	14-Mar-2025 14:30:28.403

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
NGXGROUP	30.85	0.00	31.92	0.00	0.00	2.73	60.59B	176.63K	56.00	5.25M	14-Mar-2025 14:30:27.370
ZENITHBANK	47.80	-0.42	47.85	3.33	13.30	2.25	1,500.75B	18.56M	607.00	888.68M	14-Mar-2025 14:31:13.920
NGXCNSMRGDS	1,808.79	-1.09	1,820.82	30.19	55.24	0.00	0.00	359.48M	988.00	1.75B	14-Mar-2025 14:30:40.387
HONYFLOUR	12.49	-3.12	12.52	16.28	0.31	1.40	99.05B	1.48M	155.00	18.72M	14-Mar-2025 14:30:26.050
MANSARD	9.00	-3.89	9.05	31.16	0.24	4.59	81.00B	4.45M	117.00	40.09M	14-Mar-2025 14:30:26.467
UNILEVER	37.70	-6.10	39.52	67.09	0.40	2.81	216.59B	305.49K	45.00	11.51M	14-Mar-2025 14:30:29.060
FGSUK2031S4	78.09	-8.85	80.25			0.00	0.00	1.96K	1.00	1.53M	14-Mar-2025 14:30:38.183
JAIZBANK	3.25	-10.77	3.45	83.05	0.03	1.67	112.26B	15.94M	230.00	56.50M	14-Mar-2025 14:31:12.257
NEWGOLD	39,500.01	-21.52	40,906.22	0.00	0.00	0.00	0.00	22.00	5.00	886.00K	14-Mar-2025 14:31:13.340

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
CHAMPION	CHAMPION BREW. PLC.	350.37M	743.60K	47,018.54	4.00	3.85	3.90	34	1.40B
TANTALIZER	TANTALIZERS PLC	53.07M	10.73M	394.45	2.93	3.25	-9.85	323	157.14M
CUSTODIAN	CUSTODIAN AND ALLIED PLC	51.11M	1.40M	3,560.13	19.60	20.15	-2.73	61	1.00B
LASACO	LASACO ASSURANCE PLC.	36.50M	3.82M	855.60	2.68	2.85	-5.96	79	97.71M
MTNN	MTN NIGERIA PLC	5.17M	1.85M	178.70	245.00	245.00	0.00	316	1.27B

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	80.49	2.73	0.01
CAVERTON	5.52	1.15	1.57	0.98	17.65	2.73	0.02
UNILEVER	2.81	67.09	0.40	0.75	4.72	2.73	0.25
HMCALL	0.00	0.00	0.00	-0.74	20.53	2.73	0.26
VETGOODS	0.00			0.71	15.41	2.73	0.29
VETGRIF30	0.00			0.71	4.64	2.73	0.29
ABBEYBDS	1.43	0.00	0.00	0.70	20.00	2.73	0.30
NEM	6.52	24.99	0.37	0.69	15.83	2.73	0.31
TANTALIZER	1.50	0.00	0.00	0.69	30.22	2.73	0.31
NAHCO	6.66	92.98	0.41	0.65	31.25	2.73	0.35

African Markets

Name	LClose	Change	%Chg
BRVM Stock Exchange	290.91	-0.93	-0.32
Botswana Stock Exchange	10,091.18	-21.24	-0.21
Egyptian Exchange	31,290.62	242.18	0.78
Ghana Stock Exchange	6,045.42	1.81	0.03
Johannesburg Stock Exchange	87,067.75	217.13	0.25
Lusaka Stock Exchange	15,429.87	3.09	0.02
Casablanca Stock Exchange	16,490.00	195.53	1.20
Malawi Stock Exchange	292,671.73	-58.55	-0.02
Nigeria Stock Exchange	106,220.94	127.31	0.12
Nairobi Securities Exchange	130.14	-1.42	-1.08
Namibian Stock Exchange	1,738.29	18.74	1.09
Rwanda Stock Exchange	148.89	0.00	0.00
Tunis Stock Exchange	10,819.91	15.13	0.14
Uganda Securities Exchange	1,331.01	1.06	0.08

Nigeria Market Indexes

Symbol	LClose	%Chg	WTD%	MTD%	QTD%	YTD%	Trades
ASI	105,995.32	-0.21	-0.59	-1.36	2.73	2.73	9,692
NGX30	3,928.38	-0.18	-0.63	-1.53	2.98	2.98	4,690
NGXAFRBVI	2,576.06	-0.23	-0.87	-1.11	3.84	3.84	1,885
NGXAFRHDYI	16,631.38	-0.27	-2.99	-2.25	-2.33	-2.33	1,846
NGXASEM	1,587.89	0.00	0.04	0.08	0.26	0.26	5
NGXBNK	1,127.18	-0.19	-0.65	-2.13	3.66	3.66	2,405
NGXCG	2,949.98	-0.27	-1.24	-1.71	4.27	4.27	4,964
NGXCNSMRGDS	1,808.79	-1.08	-0.20	-0.66	4.29	4.29	988
NGXGROWTH	7,382.94	0.00	-5.71	-6.29	-4.89	-4.89	46
NGXINDUSTR	3,611.99	-0.03	-0.04	-0.20	1.13	1.13	593
NGXINS	705.86	0.50	1.78	-0.89	-10.22	-10.22	755
NGXLOTUSISLM	7,576.37	-0.37	-0.90	-1.72	8.73	8.73	1,258
NGXMAINBOARD	5,081.65	-0.26	-0.15	-0.98	1.55	1.55	7,352
NGXMERIGRW	6,876.82	-0.12	-2.37	-4.15	5.42	5.42	1,296
NGXMERIVAL	10,456.27	-0.84	-1.98	-2.82	0.25	0.25	2,846
NGXOILGAS	2,527.29	-0.18	-0.71	-1.76	-6.78	-6.78	264
NGXPENBRD	1,891.50	-0.16	-0.69	-1.44	3.27	3.27	7,217
NGXPENSION	4,719.68	-0.11	-0.72	-1.57	4.09	4.09	5,391
NGXPREMIUM	10,213.42	-0.13	-1.37	-2.04	4.94	4.94	2,294
NGXSOVBND	620.41	0.00	-0.32	-0.35	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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