Weekly Commentary and Stock Recommendation: 25th September – 29th September 2023
Global Economy According to the US Bureau of Economic Analysis, the US real GDP increased at an annual rate of 2.10% in Q2:2023 (vs. 2.20% in Q1:2023) according to its third estimate. Relative to Q1:2023, the slower growth is underpinned by lower consumption expenditure, decline in exports and downturn in government spending. These were partially offset by […]
Daily Market Update | 29-09-2023
Daily Market Update (Equities) The Nigerian Equities market closed negative as its benchmark index fell by 0.10% to 66,382.14 points (Year-to-Date returns: 29.52%). Gains in BUAFOODS, DANGCEM and DANGSUGAR were offset by loss incurred in BUACEMENT, OANDO and MTNN. The total Volume traded was 292.94mn units while Total Value traded was NGN4.53bn. Today, FIDELITYBANK traded […]
