Weekly Commentary and Stock Recommendation: 9th February – 16th February 2024
Global Economy In January 2024, headline inflation in the US saw a slight uptick, rising by 0.3% month-on-month (MoM), compared to December’s 0.2% MoM increase, as reported by the Bureau of Labor Statistics (BLS). However, year-on-year (YoY) inflation experienced a slight decrease, settling at 3.1%, down from December’s 3.4% YoY. The increase in inflation was primarily propelled […]
January 2024 CPI Report | Uptrend Continues
Uptrend Continues Yesterday, according to the Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS), the Headline inflation for January 2024 increased by 98bps, reaching 29.90% Year-on-Year (YoY) compared to the 28.92% YoY recorded in December 2023. The sustained elevation in headline inflation is attributed to increases in the two major […]
Daily Market Update | 16-02-2024
Daily Market Update (Equities) Today, the Nigerian equities market closed positive for the 3rd consecutive trading day, as the NGX All Share Index (ASI) increased by 1.56% to settle at 105,722.78 points. Consequently, the year-to-date (YtD) returns surged to 41.39% (vs 39.22% YtD yesterday). This positive sentiment in the market was driven by gains in […]
