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 |
TRW WEEKLY REPORT FOR
6TH TO 9TH APRIL 2010.
Welcome from a Long Easter Holiday. Hope you all relaxed to prepare
for what the market has to say tomorrow.
The Nigerian Stock market has once again put smiles on our faces
from the agonies we all went through in 2008-2009.
Current YTD indices for 1st quarter has been very positive with a
growth of 25.80%, One of the best if not the Best in the global
market.
My report for this week is
strictly technical.
Watching market indices from a
Technical view, shows a Pullback recovery after a Long Bullish
rally. What you need to watch now is "WILL THE MARKET BREAK THEIR
LAST HIGH ?". Tuesday & Wednesday trading activities will surely
tell the charts where it will be heading either as a NEW BREAKOUT or
FAKEOUT.
Though Daily time frames of major indexes are in an Over-bought
region. The weekly/monthly time frames using MACD are showing good
strength buying cross-over signals.
For Daily traders,
it might make sense to be cautious and book partial profits
around last high levels. Take fresh positions only if
markets make a convincing move upwards without much intraday
volatility. For Weekly/Monthly traders
"HOLD".
As far as individual stocks are concerned, I’d stick with the stocks
that are in a firm uptrend. I still see a lot of participation in
stocks in the sectors that have made new highs.
For the Insurance sector. I see some stocks showing very Strong
Bullish Divergence on indicators but not prices, Time will tell when
this sector will explode, but I see percentage returns of around
50-100%
coming from this sector.
Use TRW STOCKBROKERS STOCKS WATCH LIST FOR MULTIPLE TIME FRAME OF
DAILY, WEEKLY & MONTHLY as your trading guide
Have a Great Trading week.
|
|
MONTHLY INDEX
|
Ticker |
Date |
Previous |
Price |
Monthly |
|
NSE |
31/03/2010 |
22985.00 |
25966.25 |
12.97 |
|
NSE 30 |
31/03/2010 |
919.77 |
1040.22 |
13.10 |
|
NSE BANKING |
31/03/2010 |
380.84 |
437.34 |
14.84 |
|
NSE F&B |
31/03/2010 |
618.6 |
732.61 |
18.43 |
|
NSE INS |
31/03/2010 |
200.79 |
216.85 |
8.00 |
|
NSE O&G |
31/03/2010 |
309.59 |
305.95 |
-1.18 |
|
QUARTERLY INDEX
|
Ticker |
Date |
Previous |
Price |
QTR |
|
NSE |
01/04/2010 |
20827.17 |
26219.74 |
25.89 |
|
NSE 30 |
01/04/2010 |
827.99 |
1053.00 |
27.18 |
|
NSE BANKING |
01/04/2010 |
339.32 |
442.28 |
30.34 |
|
NSE F&B |
01/04/2010 |
526.71 |
741.62 |
40.8 |
|
NSE INS |
01/04/2010 |
249.01 |
212.96 |
-14.48 |
|
NSE O&G |
01/04/2010 |
288.06 |
305.95 |
6.21 |
|
WEEKLY
GAINERS
|
Ticker |
Date |
Previous |
Price |
Weekly |
|
JBERGER |
01/04/2010 |
30.01
|
36.44
|
21.43 |
|
TANTALIZER |
01/04/2010 |
1.15
|
1.38
|
20.00 |
|
ASHAKACEM |
01/04/2010 |
18.05
|
21.50
|
19.11 |
|
BIGTREAT |
01/04/2010 |
0.86
|
1.02
|
18.60 |
|
COSTAIN |
01/04/2010 |
5.56
|
6.50
|
16.91 |
|
CHAMS |
01/04/2010 |
0.67
|
0.78
|
16.42 |
|
AIICO |
01/04/2010 |
1.12
|
1.30
|
16.07 |
|
UNILEVER |
01/04/2010 |
27.00
|
31.29
|
15.89 |
|
STARCOMMS |
01/04/2010 |
2.29
|
2.65
|
15.72 |
|
STERLNBANK |
01/04/2010 |
2.43
|
2.80
|
15.23 |
|
NEIMETH |
01/04/2010 |
1.61
|
1.85
|
14.91 |
|
ACCESS |
01/04/2010 |
9.70
|
11.14
|
14.85 |
|
UPL |
01/04/2010 |
6.38
|
7.32
|
14.73 |
|
BAGCO |
01/04/2010 |
3.39
|
3.83
|
12.98 |
|
NEM |
01/04/2010 |
0.54
|
0.61
|
12.96 |
|
NIGERINS |
01/04/2010 |
0.72
|
0.81
|
12.50 |
|
MAYBAKER |
01/04/2010 |
5.30
|
5.83
|
10.00 |
|
FLOURMILL |
01/04/2010 |
58.30
|
64.00
|
9.78 |
|
JAPAULOIL |
01/04/2010 |
1.48
|
1.62
|
9.46 |
|
FTNCOCOA |
01/04/2010 |
0.98
|
1.07
|
9.18 |
|
GUARANTY |
01/04/2010 |
19.95
|
21.60
|
8.27 |
|
NASCON |
01/04/2010 |
8.16
|
8.80
|
7.84 |
|
OANDO |
01/04/2010 |
79.01
|
85.00
|
7.58 |
|
INTENEGINS |
01/04/2010 |
0.53
|
0.57
|
7.55 |
|
INTERCONT |
01/04/2010 |
2.03
|
2.18
|
7.39 |
|
MBENEFIT |
01/04/2010 |
0.56
|
0.60
|
7.14 |
|
DANGFLOUR |
01/04/2010 |
17.75
|
19.00
|
7.04 |
|
ZENITHBANK |
01/04/2010 |
18.11
|
19.30
|
6.57 |
|
VITAFOAM |
01/04/2010 |
5.53
|
5.87
|
6.15 |
|
GUINNESS |
01/04/2010 |
133.00
|
140.12
|
5.35 |
|
FIDELITYBK |
01/04/2010 |
3.32
|
3.49
|
5.12 |
|
IBTC |
01/04/2010 |
10.57
|
11.11
|
5.11 |
|
FIRSTBANK |
01/04/2010 |
15.91
|
16.70
|
4.97 |
|
CILEASING |
01/04/2010 |
3.34
|
3.50
|
4.79 |
|
CONOIL |
01/04/2010 |
42.00
|
44.00
|
4.76 |
|
NBC |
01/04/2010 |
31.13
|
32.60
|
4.72 |
|
WAPCO |
01/04/2010 |
34.05
|
35.50
|
4.26 |
|
UACN |
01/04/2010 |
48.50
|
50.50
|
4.12 |
|
CUSTODYINS |
01/04/2010 |
3.80
|
3.95
|
3.95 |
|
UAC-PROP |
01/04/2010 |
23.00
|
23.80
|
3.48 |
|
UBN |
01/04/2010 |
5.80
|
5.97
|
2.93 |
|
REDSTAREX |
01/04/2010 |
3.15
|
3.22
|
2.22 |
|
CORNERST |
01/04/2010 |
0.58
|
0.59
|
1.72 |
|
DANGSUGAR |
01/04/2010 |
18.71
|
19.00
|
1.55 |
|
FCMB |
01/04/2010 |
9.01
|
9.10
|
1.00 |
|
DIAMONDBNK |
01/04/2010 |
9.50
|
9.55
|
0.53 |
|
SKYEBANK |
01/04/2010 |
8.16
|
8.20
|
0.49 |
|
NAHCO |
01/04/2010 |
11.00
|
11.03
|
0.27 |
|
WEEKLY LOSERS
|
Ticker |
Date |
Previous |
Price |
Weekly |
|
CRUSADER |
01/04/2010 |
1.05 |
0.87 |
-17.14 |
|
PLATINUM |
01/04/2010 |
1.82 |
1.61 |
-11.54 |
|
FIRSTINLND |
01/04/2010 |
0.72 |
0.64 |
-11.11 |
|
AFRIBANK |
01/04/2010 |
2.79 |
2.56 |
-8.24 |
|
UNHOMES |
01/04/2010 |
0.98 |
0.90 |
-8.16 |
|
WEMABANK |
01/04/2010 |
1.06 |
1.00 |
-5.66 |
|
UNITYBNK |
01/04/2010 |
1.06 |
1.00 |
-5.66 |
|
AP |
01/04/2010 |
43.13 |
40.98 |
-4.98 |
|
BCC |
01/04/2010 |
63.61 |
61.00 |
-4.10 |
|
PZ |
01/04/2010 |
31.43 |
30.42 |
-3.21 |
|
WAPIC |
01/04/2010 |
0.96 |
0.93 |
-3.12 |
|
ASOSAVINGS |
01/04/2010 |
0.67 |
0.65 |
-2.99 |
|
OCEANIC |
01/04/2010 |
2.00 |
1.95 |
-2.50 |
|
LASACO |
01/04/2010 |
0.51 |
0.50 |
-1.96 |
|
UNIC |
01/04/2010 |
0.79 |
0.78 |
-1.27 |
|
CONTINSURE |
01/04/2010 |
0.95 |
0.94 |
-1.05 |
|
UBA |
01/04/2010 |
14.89 |
14.80 |
-0.60 |
|
NB |
01/04/2010 |
63.00 |
62.95 |
-0.08 |
|
|
For 01/04/2010 the
closing price was 26,219.74.(NSE INDEX)
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are Trending
The projected upper bound is: 26,967.09.
The projected lower bound is: 25,631.54.
The projected closing price is: 26,299.31.
Note: these price projections are for reference only, and can be
easily exceeded by the market. market.
 |
For 01/04/2010 the
closing price was 1,053.00(NSE30)
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are Trending.
The projected upper bound is: 1,087.09
The projected lower bound is: 1,025.59.
The projected closing price is: 1,056.34
Note: these price projections are for reference only, and can be
easily exceeded by the market.
 |
|
For 01/04/2010 the
closing price was 442.28.(NSE BANKING)
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are Trending.
Note: this chart shows extraordinary price action to the downside.
The projected upper bound is: 460.69.
The projected lower bound is: 426.99
The projected closing price is: 443.84.
Note: these price projections are for reference only, and can be
easily exceeded by the market. .
 |
For 01/04/2010 the
closing price was 741.62.(NSE FOOD, BEV.&
TOBACCO)
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
The projected upper bound is: 769.24.
The projected lower bound is: 720.26.
The projected closing price is: 744.75.
Note: these price projections are for reference only, and can be
easily exceeded by the market.
 |
|
For 01/04/2010 the
closing price was 212.96.(NSE INSURANCE)
Overall, the bias in prices is: UPWARDS.
Short term: Prices are Stalling.
Intermediate term: Prices are trending.
The projected upper bound is: 219.04.
The projected lower bound is: 206.25.
The projected closing price is: 212.65.
Note: these price projections are for reference only, and can be
easily exceeded by the market.
 |
For 01/04/2010 the closing
price was 305.95.(NSE OIL & GAS)
Overall, the bias in prices is: Upwards.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.
The projected upper bound is: 313.52.
The projected lower bound is: 298.68.
The projected closing price is: 306.10.
Note: these price projections are for reference only, and can be
easily exceeded by the market.
 |
|
BELOW ARE TRW
STOCKBROKERS STOCKS WATCH LIST FOR MULTIPLE TIME FRAME OF DAILY,
WEEKLY & MONTHLY
SHORT TREND TRADERS TO USE MA 5
MEDIUM TREND TRADERS TO USE MA-50
LONG TERM TRADERS TO USE MA-100
MA (MOVING AVERAGE)
|
TICKER |
DATE |
MA-100 |
MA-50 |
MA-5 |
Overall Trend |
Trend Phase |
Comments |
|
ACCESS |
01/04/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
AFRIBANK |
01/04/2010 |
+ |
- |
- |
No Trend |
Initial |
live to trade another day |
|
AIICO |
01/04/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
AP |
01/04/2010 |
+ |
+ |
- - |
No Trend |
Initial |
Risk for short term reversal |
|
ASHAKACEM |
01/04/2010 |
+ |
+ |
+ + + |
Up Trend |
Initial |
Stay with Trend |
|
ASOSAVINGS |
01/04/2010 |
+ |
- |
- |
No Trend |
Initial |
live to trade another day |
|
BAGCO |
01/04/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
BCC |
01/04/2010 |
+ |
+ |
- - - |
No Trend |
Initial |
Risk for short term reversal |
|
BIGTREAT |
01/04/2010 |
- |
+ |
+ |
No Trend |
Initial |
live to trade another day |
|
CHAMS |
01/04/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
CILEASING |
01/04/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
CONOIL |
01/04/2010 |
+ |
+ |
+ + |
Up Trend |
Initial |
Stay with Trend |
|
CONTINSURE |
01/04/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
CORNERST |
01/04/2010 |
- |
+ |
+ |
No Trend |
Progress |
live to trade another day |
|
COSTAIN |
01/04/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
CRUSADER |
01/04/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
CUSTODYINS |
01/04/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
DANGFLOUR |
01/04/2010 |
+ |
+ |
+ + |
Up Trend |
Initial |
Stay with Trend |
|
DANGSUGAR |
01/04/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
DIAMONDBNK |
01/04/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
FCMB |
01/04/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
FIDELITYBK |
01/04/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
FIRSTBANK |
01/04/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
FIRSTINLND |
01/04/2010 |
- |
|
- |
Down Trend |
Progress |
Watch Trend? |
|
FLOURMILL |
01/04/2010 |
+ |
+ + |
+ + + |
Up Trend |
Progress |
Stay with Trend |
|
FTNCOCOA |
01/04/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
GUARANTY |
01/04/2010 |
+ |
+ |
+ + |
Up Trend |
Progress |
Stay with Trend |
|
GUINEAINS |
01/04/2010 |
|
|
|
Down Trend |
Initial |
Watch Trend? |
|
GUINNESS |
01/04/2010 |
+ |
+ |
+ + + |
Up Trend |
Initial |
Stay with Trend |
|
HMARKINS |
01/04/2010 |
|
|
|
Down Trend |
Initial |
Watch Trend? |
|
IBTC |
01/04/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
INTENEGINS |
01/04/2010 |
- |
- |
+ |
No Trend |
Progress |
Risk for short term reversal |
|
INTERCONT |
01/04/2010 |
- |
+ |
+ |
No Trend |
Progress |
live to trade another day |
|
JAPAULOIL |
01/04/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
JBERGER |
01/04/2010 |
+ |
+ |
+ + + |
Up Trend |
Initial |
Stay with Trend |
|
LASACO |
01/04/2010 |
- |
- |
|
Down Trend |
Initial |
Watch Trend? |
|
MAYBAKER |
01/04/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
MBENEFIT |
01/04/2010 |
- |
- |
+ |
No Trend |
Initial |
Risk for short term reversal |
|
MULTIVERSE |
01/04/2010 |
|
|
|
Down Trend |
Initial |
Watch Trend? |
|
NAHCO |
01/04/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
NASCON |
01/04/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
NB |
01/04/2010 |
+ |
+ |
+ + |
Up Trend |
Initial |
Stay with Trend |
|
NBC |
01/04/2010 |
+ |
+ |
+ + |
Up Trend |
Initial |
Stay with Trend |
|
NEIMETH |
01/04/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
NEM |
01/04/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
NESTLE |
01/04/2010 |
+ + |
+ + |
|
No Trend |
Progress |
Risk for short term reversal |
|
NIGERINS |
01/04/2010 |
- |
- |
+ |
No Trend |
Initial |
Risk for short term reversal |
|
OANDO |
01/04/2010 |
- |
- |
+ + + |
No Trend |
Initial |
Risk for short term reversal |
|
OCEANIC |
01/04/2010 |
- |
- |
- |
Down Trend |
Progress |
Watch Trend? |
|
PLATINUM |
01/04/2010 |
- |
- |
- |
Down Trend |
Progress |
Watch Trend? |
|
PRESTIGE |
01/04/2010 |
- |
- |
+ |
No Trend |
Initial |
Risk for short term reversal |
|
PZ |
01/04/2010 |
+ |
+ |
- |
No Trend |
Progress |
Risk for short term reversal |
|
REDSTAREX |
01/04/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
REGALINS |
01/04/2010 |
|
|
|
Down Trend |
Initial |
Watch Trend? |
|
SKYEBANK |
01/04/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
SOVRENINS |
01/04/2010 |
|
|
|
Down Trend |
Initial |
Watch Trend? |
|
STARCOMMS |
01/04/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
STDINSURE |
01/04/2010 |
- |
- |
|
Down Trend |
Progress |
Watch Trend? |
|
STERLNBANK |
01/04/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
TANTALIZER |
01/04/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
UAC-PROP |
01/04/2010 |
+ |
+ |
+ + |
Up Trend |
Initial |
Stay with Trend |
|
UACN |
01/04/2010 |
+ |
+ |
+ + |
Up Trend |
Initial |
Stay with Trend |
|
UBA |
01/04/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
UBN |
01/04/2010 |
- |
- |
+ |
No Trend |
Initial |
Risk for short term reversal |
|
UNHOMES |
01/04/2010 |
- |
- |
- |
Down Trend |
Progress |
Watch Trend? |
|
UNIC |
01/04/2010 |
+ |
|
+ |
No Trend |
Initial |
trading range-avoid |
|
UNILEVER |
01/04/2010 |
+ |
+ |
+ + + |
Up Trend |
Progress |
Stay with Trend |
|
UNITYBNK |
01/04/2010 |
|
+ |
- |
No Trend |
Initial |
trading range-avoid |
|
UPL |
01/04/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
VITAFOAM |
01/04/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
WAPCO |
01/04/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
WAPIC |
01/04/2010 |
- |
- |
+ |
No Trend |
Initial |
Risk for short term reversal |
|
WEMABANK |
01/04/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
ZENITHBANK |
01/04/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
This commentary is not
a recommendation to buy or sell, but rather a guideline to
interpreting the specified indicators. This information should only
be used by investors who are aware of the risk inherent in
securities trading. TRW accepts no liability whatsoever for any loss arising from any use of this expert or its contents.
|
|
INVEST
FOR A GOLDEN TOMORROW
Corporate Office:
62/64 Campbell Street (Kajola House) 4th & 5th Floor Lagos Island
Lagos .
234-1-7646689,234-1-2710224
Enquiries:
info@trw-stockbrokers.com website:
www.trw-stockbrokers.com
|