Weekly Commentary and Stock Recommendation: 19th February – 23rd February 2024
Global Economy In February 2024, the headline S&P Global Flash US PMI Composite Output Index fell to 51.4 from 52.0 in January 2023, while staying in the expansion region. Nonetheless, the pace of expansion was the second-fastest since July 2023 as manufacturers and service providers recorded growth in output. US companies continued to report an […]
Daily Market Update | 23-02-2024
Daily Market Update (Equities) Today, the Nigerian equities market bounced back from its previous day loss, climbing 0.84% to 102,088.10 points. Consequently, the market’s year-to-date (YtD) returns printed at 36.53% (vs. Yesterday: 35.39% YtD). Gains in BUAFOODS, FBNH, and Transnational Corp outweighed losses in ZENITH, GTCO, and NB, contributing to the positive performance. Market sentiment […]
