Weekly Commentary and Stock Recommendation: 13th November – 17th November 2023
Global Economy Earlier this week, the US Bureau of Labor Statistics (BLS) released the October 2023 Consumer Price Index for All Urban Consumers (CPI-U) data. According to the data, inflation was unchanged in October 2023 on a seasonally adjusted basis, after increasing 0.4% MoM in September 2023. YoY, the headline CPI index increased by 3.2%. […]
Daily Market Update | 17-11-2023
Daily Market Update (Equities) The Nigerian Equities market closed positive today, as its benchmark index, the NGX All Share Index (ASI) went up by 0.12% to 71,112.99 points. This was spurred on by gains in SEPLAT, TRANSCORP and UBA offsetting losses in MTNN, DANGSUGAR and BETAGLAS. Notably the market’s year-to-date (YtD) returns advanced to 38.75% […]
