Weekly Commentary and Stock Recommendation: 4th September – 8th September 2023
Global Economy In Q2:2023, seasonally adjusted GDP increased by 0.10% QoQ in the Euro Area and was stable in the European Union (EU), according to Eurostat. In Q1:2023, GDP had increased by 0.10% QoQ in the euro area and by 0.20% QoQ in the EU. Furthermore, compared with Q2:2022, seasonally adjusted GDP increased by 0.50% […]
Q2:2023 Foreign Trade in Goods Statistics | Balance of Trade Maintains Positive Streak
Yesterday, the National Bureau of Statistics (NBS) released the Foreign Trade in Goods statistics for Q2:2023. On a Quarter-on-Quarter (QoQ) basis, Total Trade increased by 5.77% to NGN12.74trn (vs. NGN12.05trn in Q1:2023). This is due to the growth in both Total Imports (+2.99% QoQ) and Total Exports (+8.15% QoQ) to NGN5.73trn and NGN7.02trn respectively. However, […]
Daily Market Update | 08-09-2023
Daily Market Update (Equities) The Nigerian Equities Market closed the week positive as its benchmark index rose by 0.09% to settle at 68,143.34 points in today’s trading session. Consequently, the Year-to-Date (YtD) returns increased to 32.96% (Yesterday: 32.84% YtD). The gains in LAFARGE, FBNH, OANDO, FCMB and FLOURMILL offset the losses recorded in STANBIC, MTNN, […]
