DSU Brokerage Services Ltd

Dear Investor,

Daily Market Report – 19-Jul-2022 15:38:32.593


The Nigerian equities market recorded another down day, as the NGX All-Share Index (NGXASI) closed the day down by -0.02%, to bring the Year-to-Date returns up 21.57%. The All Share Index closed at 52,308.88 against the previous close of 52,319.94, volume traded increased by 76.85% from 116.28M to 205.64M, while market turnover (the total value of shares traded) decreased by -19.57% from NGN3.47B to NGN2.79B in 4,127.00 deals.
Market breadth (1.00x) signified Twenty-six (26) advancers, as against Twenty-six (26) decliners. Volume was up for 79 companies and down for 58


R T BRISCOE PLC. (RTBRISCOE) topped the advancers list closing at N0.44 with a gain of 10.00% followed by GLAXO SMITHKLINE CONSUMER NIG. PLC. (GLAXOSMITH) which closed at N6.65 with a gain of 9.02%.

On the flip side MULTIVERSE PLC (MULTIVERSE) and JAPAUL GOLD & VENTURES PLC (JAPAULGOLD) topped the decliners log with a loss of -9.50% at a close of N1.62, and -7.41% to close the day at N0.25 respectively.

Top Gainers

Symbol LClose %Chg
RTBRISCOE 0.44 10.00
GLAXOSMITH 6.65 9.02
CORNERST 0.66 6.45
COURTVILLE 0.50 6.38
FTNCOCOA 0.35 6.06
Top Losers

Symbol LClose %Chg
MULTIVERSE 1.62 -9.50
JAPAULGOLD 0.25 -7.41
ACADEMY 1.86 -7.00
CAVERTON 1.28 -6.57
UPDC 1.19 -4.03
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Currency Market

In the currency market, the Naira appreciated 2.27%(9.66) sharply against the Dollar to settle at 415.40 to 1

 


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

  Price %Chg 15DMA PE EPS DivY MktCap Vol Trades Value LstTradeTime
RTBRISCOE 0.44 9.09 0.40 0.00 0.00 25.00 517.60M 580.52K 15.00 249.90K 19-Jul-2022 14:30:09.620
GLAXOSMITH 6.65 8.27 6.26 10.53 0.58 7.38 7.95B 1.08M 50.00 7.14M 19-Jul-2022 14:29:58.777
COURTVILLE 0.50 6.00 0.48 15.83 0.03 8.51 1.78B 384.03K 13.00 189.21K 19-Jul-2022 14:29:53.677
FTNCOCOA 0.35 5.71 0.34 0.00 0.00 9.09 770.00M 451.72K 11.00 157.93K 19-Jul-2022 14:29:58.617
JAIZBANK 0.90 3.33 0.88 30.10 0.03 4.60 31.09B 3.46M 44.00 3.10M 19-Jul-2022 14:30:01.340
WAPCO 26.50 2.45 26.30 9.02 2.87 3.87 426.86B 1.38M 76.00 36.32M 19-Jul-2022 14:31:17.923
FBNH 11.20 1.79 11.07 4.72 2.33 3.18 402.03B 12.82M 150.00 140.50M 19-Jul-2022 14:31:17.400
UBA 7.50 0.67 7.46 1.84 4.05 10.74 256.50B 74.28M 204.00 556.84M 19-Jul-2022 14:31:17.793
DANGSUGAR 16.10 0.62 16.05 5.23 3.06 6.25 195.56B 456.50K 60.00 7.34M 19-Jul-2022 14:29:54.733
NGXPENSION 1,816.30 0.12 1,814.52 429.80 359.59 0.00 0.00 156.69M 3,051.00 2.66B 19-Jul-2022 14:30:50.270


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 necessary

Symbol Price %Chg 15DMA PE EPS DivY MktCap Vol Trades Value LstTradeTime
ETI 10.60 0.00 10.64 2.08 5.10 5.94 194.51B 69.19K 26.00 715.88K 19-Jul-2022 14:29:56.160
UNILEVER 15.00 -3.33 15.24 39.02 0.40 3.23 86.18B 945.78K 42.00 14.20M 19-Jul-2022 14:30:13.343


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

Economic Indicators - Nigeria FX Reserves Vs ASI Chart

 



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

ASI (NGX All-Share-Index) With 50 & 200 Day MAvgs

 

Symbol Name Volume 90DAvgVol %VolChg Price LClose %Chg Trades Value
UBA UNITED BANK FOR AFRICA PLC 74.28M 14.20M 423.04 7.50 7.45 0.67 204 556.84M
AIICO AIICO INSURANCE PLC. 14.10M 6.24M 126.09 0.62 0.60 3.33 40 8.90M
NEM N.E.M INSURANCE CO (NIG) PLC. 1.18M 416.96K 183.92 3.40 3.47 -2.02 23 3.86M
ABCTRANS ASSOCIATED BUS COMPANY PLC 1.03M 101.68K 910.03 0.30 0.30 0.00 4 308.10K
VETBANK VETIVA BANKING ETF 139.69K 163.61 85,284.11 3.95 3.95 0.00 3 537.82K


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.

Top 10 high dividend yield stocks

 



Top ASI Gainers Over Last 5 Trading Days

Symbol Price %Chg5Dys %Chg1Dy %ChgWTD %ChgMTD %ChgQTD %ChgYTD
RTBRISCOE 0.44 18.92 10.00 10.00 0.00 0.00 120.00
CORNERST 0.66 15.79 6.45 6.45 -12.00 -12.00 32.00
SEPLAT 1,430.50 10.00 0.00 0.00 10.00 10.00 120.08
GLAXOSMITH 6.65 9.02 9.02 9.02 2.31 2.31 11.76
FIDSON 10.14 7.76 2.42 2.42 -9.46 -9.46 63.02
WEMABANK 4.00 6.95 0.00 0.00 22.70 22.70 406.33
COURTVILLE 0.50 6.38 6.38 6.38 6.38 6.38 31.58
ETRANZACT 2.30 4.55 0.00 0.00 4.55 4.55 21.69
FBNH 11.20 2.75 1.82 1.82 -3.45 -3.45 -0.89
WAPCO 26.50 2.51 2.51 2.51 0.00 0.00 10.42

Top ASI Losers Over Last 5 Trading Days

Symbol Price %Chg5Dys %Chg1Dy %ChgWTD %ChgMTD %ChgQTD %ChgYTD
NAHCO 6.00 -27.71 0.00 0.00 -25.00 -25.00 66.67
ACADEMY 1.86 -15.84 -7.00 -7.00 46.46 46.46 238.18
MULTIVERSE 1.62 -10.99 -9.50 -9.50 -22.86 -22.86 710.00
CWG 0.81 -10.00 0.00 0.00 1.25 1.25 -27.68
HONYFLOUR 2.50 -9.09 0.00 0.00 -9.42 -9.42 -26.47
REGALINS 0.25 -7.41 0.00 0.00 -3.85 -3.85 -48.98
JAPAULGOLD 0.25 -7.41 -7.41 -7.41 -13.79 -13.79 -37.50
CAVERTON 1.28 -6.57 -6.57 -6.57 15.32 15.32 -20.00
UPDC 1.19 -5.56 -4.03 -4.03 15.53 15.53 3.48
CHIPLC 0.70 -5.41 -1.41 -1.41 -1.41 -1.41 -5.41

African Markets

Name LClose Change %Chg
BRVM Stock Exchange 208.36 1.08 0.52
Egyptian Exchange 8,867.94 94.75 1.08
Ghana Stock Exchange 2,464.13 0.00 0.00
Johannesburg Stock Exchange 67,016.13 1,926.65 2.96
Lusaka Stock Exchange 6,875.99 7.56 0.11
Casablanca Stock Exchange 11,868.30 36.68 0.31
Malawi Stock Exchange 50,568.99 634.17 1.27
Namibian Stock Exchange 1,472.77 40.95 2.86
Rwanda Stock Exchange 146.99 0.00 0.00
Tunis Stock Exchange 7,585.01 3.79 0.05
Uganda Securities Exchange 1,243.31 -7.13 -0.57

Nigeria Market Indexes

Symbol LClose %Chg WTD% MTD% QTD% YTD% MktCap Trades
ASI 52,308.88 -0.02 -0.02 0.92 0.92 21.57 28,208.08B 4,127
NGX30 1,898.79 -0.04 -0.04 0.54 0.54 9.05 26,006.38B 2,760
NGXAFRBVI 933.19 0.01 0.01 0.65 0.65 -10.71 2,420.79B 1,235
NGXAFRHDYI 3,183.96 0.15 0.15 -0.32 -0.32 25.63 6,921.04B 1,560
NGXASEM 658.99 0.00 0.00 0.00 0.00 -1.74 1.36B 0
NGXBNK 394.13 -0.41 -0.41 -1.28 -1.28 -3.32 1,841.95B 1,034
NGXCG 1,316.75 0.06 0.06 -0.22 -0.22 3.00 4,457.64B 2,853
NGXCNSMRGDS 608.54 -0.13 -0.13 -2.47 -2.47 4.23 3,414.52B 625
NGXGROWTH 1,492.06 0.00 0.00 0.00 0.00 17.52 8.73B 1
NGXINDUSTR 2,080.94 0.19 0.19 -3.35 -3.35 0.63 7,352.26B 240
NGXINS 173.18 0.86 0.86 -4.07 -4.07 -12.21 118.07B 136
NGXLOTUSISLM 3,254.05 -0.01 -0.01 0.08 0.08 7.23 21,303.29B 659
NGXMAINBOARD 2,330.47 -0.01 -0.01 2.47 2.47 31.47 16,071.95B 2,808
NGXMERIGRW 2,369.60 0.52 0.52 0.23 0.23 31.49 7,378.85B 1,238
NGXMERIVAL 2,143.22 0.11 0.11 -0.51 -0.51 0.55 545.32B 998
NGXOILGAS 567.25 0.79 0.79 4.43 4.43 65.24 1,009.45B 282
NGXPENSION 1,816.30 0.12 0.12 -0.49 -0.49 11.92 5,573.17B 3,051
NGXPREMIUM 4,876.19 -0.04 -0.04 -1.06 -1.06 17.00 12,120.03B 1,318
NGXSOVBND 852.25 0.00 0.00 -0.23 -0.23 -1.01 954.78B 0