InfoWARE Analyst Daily Market Report (05-Dec-2025 15:06:49.013)

InfoWARE Analyst Daily Market Report (05-Dec-2025 15:06:49.013)
(Source: InfoWARE Terminal, Date: 05-Dec-2025)

Dear Investor,

InfoWARE Analyst Daily Market Report - 05-Dec-2025 15:06:49.011

The Nigerian equities market recorded another up day, as the NGX All-Share Index (NGXASI) closed the day up by 1.08%, to bring the Year-to-Date returns up 42.51%. The All Share Index closed at 147,040.06 against the previous close of 145,476.15, volume traded increased by 4.27% from 332.64M to 346.84M, while market turnover (the total value of shares traded) increased by 26.91% from NGN10.48B to NGN13.31B in 19,859.00 deals.
Market breadth (2.37x) signified Forty-five (45) advancers, as against Nineteen (19) decliners. Volume was up for 54 companies and down for 87

Top ASI Gainers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
STANBICETF30	1,533.57	42.82	7.30	42.82	42.82	232.43	345.95
MERVALUE	314.00	42.15	9.55	42.15	42.15	91.96	72.26
UACN	88.00	24.74	10.00	24.74	24.74	44.48	193.78
NCR	72.70	20.97	0.00	20.97	20.97	354.38	1,221.82
VETGRIF30	60.15	19.62	9.98	19.62	19.62	28.45	75.23
GUINNESS	198.00	18.56	0.00	18.56	18.56	7.76	181.85
LOTUSHAL15	80.99	18.46	8.53	18.46	18.46	-4.24	193.00
MERGROWTH	460.00	16.30	8.72	16.30	16.30	25.65	26.77
DANGCEM	588.00	15.02	4.57	15.02	15.02	17.10	28.43
DAARCOMM	0.98	13.95	0.00	13.95	13.95	-10.91	44.12

Top ASI Losers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgQTD	%ChgYTD
UNIONDICON	7.00	-10.00	-10.00	-10.00	-10.00	-22.22	-12.50
LEGENDINT	5.00	-9.91	0.00	-9.91	-9.91	-2.72	-19.35
ABCTRANS	3.44	-9.88	-9.88	-9.88	-9.88	-27.91	152.03
NEWGOLD	52,100.00	-7.82	1.73	-7.82	-7.82	-8.62	82.12
CAP	68.50	-6.16	0.00	-6.16	-6.16	-3.52	80.26
LIVINGTRUST	3.23	-5.59	4.64	-5.59	-5.59	-44.50	-22.83
CAVERTON	4.90	-4.85	0.00	-4.85	-4.85	-28.05	92.16
LINKASSURE	1.76	-4.35	0.00	-4.35	-4.35	-14.98	36.43
JAPAULGOLD	2.11	-4.11	-0.47	-4.11	-4.11	-16.00	-1.87
VETGOODS	40.50	-4.08	-10.00	-4.08	-4.08	4.14	111.92

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"

U A C N PLC. (UACN) topped the advancers list closing at N96.80 with a gain of 10.00% followed by VETIVA GRIFFIN 30 ETF (VETGRIF30) which closed at N66.15 with a gain of 9.98%.

On the flip side UNION DICON SALT PLC. (UNIONDICON) and VETIVA CONSUMER GOODS ETF (VETGOODS) topped the decliners log with a loss of -10.00% at a close of N6.30, and -10.00% to close the day at N36.45 respectively.

Top Gainers

Symbol	LClose	%Chg
UACN	96.80	10.00
VETGRIF30	66.15	9.98
TRANSCOHOT	172.80	9.71
MERVALUE	344.00	9.55
ROYALEX	1.96	8.89

Top Losers

Symbol	LClose	%Chg
UNIONDICON	6.30	-10.00
VETGOODS	36.45	-10.00
ABCTRANS	3.10	-9.88
MANSARD	12.90	-7.19
FTNCOCOA	4.75	-4.62

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 0.07%(-0.96) 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
ROYALEX	1.96	8.16	1.94	0.00	0.00	7.81	10.08B	2.47M	74.00	4.48M	05-Dec-2025 14:30:10.417
VETINDETF	60.00	7.33	58.25			0.00	0.00	25.90K	14.00	1.47M	05-Dec-2025 14:30:36.187
NSLTECH	0.82	4.88	0.81	0.00	0.00	15.87	4.62B	901.10K	56.00	727.34K	05-Dec-2025 14:30:10.157
FCMB	10.90	3.67	10.67	104.31	0.09	5.62	215.85B	27.89M	403.00	293.86M	05-Dec-2025 14:30:08.787
LASACO	2.59	3.47	2.58	21.56	0.11	4.05	4.75B	648.67K	40.00	1.66M	05-Dec-2025 14:30:09.183
WAPIC	2.64	3.03	2.62	72.55	0.02	2.56	63.34B	782.99K	75.00	2.06M	05-Dec-2025 14:30:11.107
ACCESSCORP	21.50	2.79	21.27	8.56	2.81	1.87	764.22B	46.09M	1,101.00	973.03M	05-Dec-2025 14:30:36.210
ZENITHBANK	62.20	2.73	60.62	3.33	13.30	2.25	1,952.86B	59.46M	1,066.00	3.64B	05-Dec-2025 14:30:40.417
TRANSCORP	42.00	2.50	41.71	0.00	0.00	0.23	1,707.22B	1.18M	227.00	48.73M	05-Dec-2025 14:30:10.760
FIDELITYBK	19.20	1.04	19.08	13.24	1.17	5.48	556.32B	29.41M	363.00	560.36M	05-Dec-2025 14:30:35.847
NGXMERIGRW	10,046.78	0.84	9,980.18	34.89	293.99	0.00	0.00	15.06M	2,688.00	1.46B	05-Dec-2025 14:30:19.693
OMATEK	1.19	0.84	1.18	6.82	0.10	0.00	3.50B	1.54M	70.00	1.82M	05-Dec-2025 14:30:10.263
NGXMAINBOARD	7,072.57	0.67	7,043.34	12.90	225.05	0.00	0.00	218.35M	14,215.00	4.81B	05-Dec-2025 14:30:19.670
MTNN	470.60	0.00	470.53	16,715.80	0.01	3.29	9,578.83B	6.15M	1,502.00	2.88B	05-Dec-2025 14:30:36.410

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
GUINEAINS	1.15	-3.48	1.18	66.79	0.01	1.96	7.06B	1.73M	72.00	1.97M	05-Dec-2025 14:30:08.910
TAJSUKS2	96.02	-4.14	99.41			0.00	0.00	15.60K	9.00	15.02M	05-Dec-2025 14:30:43.647
MANSARD	12.90	-7.75	13.01	31.16	0.24	4.59	116.10B	397.38K	84.00	5.20M	05-Dec-2025 14:30:09.350
UNIONDICON	6.30	-11.11	6.75	0.00	0.00	6.25	1.72B	561.94K	27.00	3.60M	05-Dec-2025 14:30:10.970
VETGOODS	36.45	-11.11	36.52			0.00	0.00	30.33K	15.00	1.28M	05-Dec-2025 14:30:36.167

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	59.46M	28.65M	107.53	62.20	60.50	2.81	1,066	3.64B
UPDC	UPDC PLC	10.21M	3.05M	235.19	4.81	4.81	0.00	175	46.80M
UPDCREIT	UPDC REAL ESTATE INVESTMENT TRUST	9.41M	1.86M	407.02	6.80	6.70	1.49	252	64.46M
MTNN	MTN NIGERIA PLC	6.15M	2.60M	136.54	470.60	470.60	0.00	1,502	2.88B
SUNUASSUR	SUNU ASSURANCES NIGERIA PLC.	5.87M	1.18M	396.94	4.34	4.35	-0.23	82	23.84M

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	178.90	42.51	0.01
CAVERTON	5.52	1.15	1.57	0.98	92.16	42.51	0.02
ROYALEX	7.81	0.00	0.00	0.96	78.18	42.51	0.04
UNIVINSURE	0.00	0.00	0.00	0.83	59.72	42.51	0.17
FTNCOCOA	1.60	0.00	0.00	0.79	152.66	42.51	0.21
NB	3.79	16.95	1.60	0.79	134.38	42.51	0.21
MAYBAKER	3.75	58.94	0.14	0.78	76.60	42.51	0.22
UNILEVER	2.81	67.09	0.40	0.75	100.00	42.51	0.25
VETGOODS	0.00			0.71	111.92	42.51	0.29
DAARCOMM	0.00	0.00	0.00	0.71	44.12	42.51	0.29

African Markets

Name	LClose	Change	%Chg
BRVM Stock Exchange	353.29	0.88	0.25
Botswana Stock Exchange	10,768.84	6.46	0.06
Egyptian Exchange	40,693.92	-61.13	-0.15
Ghana Stock Exchange	8,622.64	23.22	0.27
Lusaka Stock Exchange	25,169.95	-15.11	-0.06
Casablanca Stock Exchange	18,386.27	14.70	0.08
Malawi Stock Exchange	615,648.47	-492.91	-0.08
Nigeria Stock Exchange	145,476.15	145.33	0.10
Nairobi Securities Exchange	182.08	3.25	1.82
Rwanda Stock Exchange	180.62	0.00	0.00
Tunis Stock Exchange	13,245.54	44.88	0.34
Uganda Securities Exchange	1,518.52	-2.59	-0.17

Nigeria Market Indexes

Symbol	LClose	%Chg	WTD%	MTD%	QTD%	YTD%	Trades
ASI	147,040.06	1.08	2.67	2.67	2.84	42.51	19,859
NGX30	5,377.13	1.13	2.67	2.67	3.05	40.95	10,870
NGXAFRBVI	3,229.53	1.92	3.72	3.72	-9.02	30.18	3,860
NGXAFRHDYI	21,116.58	1.01	1.62	1.62	-5.14	24.01	4,332
NGXASEM	1,392.88	0.00	0.00	0.00	-9.44	-12.05	2
NGXBNK	1,426.04	1.31	3.09	3.09	-5.98	31.14	4,246
NGXCG	3,957.29	1.44	3.09	3.09	-2.31	39.87	10,116
NGXCNSMRGDS	3,474.44	0.83	2.60	2.60	2.71	100.33	2,688
NGXCOMMDTY	1,178.64	0.00	-0.24	-0.24	5.06	17.86
NGXGROWTH	14,687.40	0.48	-0.66	-0.66	-2.55	89.20	309
NGXINDUSTR	5,512.64	2.06	7.46	7.46	8.78	54.35	1,572
NGXINS	1,098.68	-0.61	1.38	1.38	-8.14	39.75	1,123
NGXLOTUSISLM	13,029.77	0.66	2.11	2.11	9.76	87.00	3,940
NGXMAINBOARD	7,072.57	0.68	1.25	1.25	0.40	41.34	14,215
NGXMERIGRW	10,046.78	0.85	0.84	0.84	1.45	54.01	2,688
NGXMERIVAL	12,812.53	1.80	4.03	4.03	-4.16	22.84	5,376
NGXOILGAS	2,684.05	-0.08	-0.46	-0.46	6.26	-1.00	321
NGXPENBRD	2,765.93	1.16	2.66	2.66	4.33	51.01	16,154
NGXPENSION	6,777.59	1.24	2.36	2.36	0.59	49.48	12,304
NGXPREMIUM	14,854.09	1.84	5.46	5.46	8.49	52.62	5,335
NGXSOVBND	673.26	0.00	-0.03	-0.03	2.43	11.92	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"