Weekly Commentary and Stock Recommendation: 25th March – 28th March 2024
Global Economy Earlier this week, the US Bureau of Economic Analysis (BEA) released its third estimate of the US Q4:2023 and 2023FY GDP. According to the BEA, Real gross domestic product (GDP) increased by 3.4% YoY in Q4:2023 (vs 4.9% YoY in Q3:2023). Compared to Q3:2023, the deceleration in real GDP in Q4:2023 primarily reflected […]
Daily Market Update | 28-03-2024
Daily Market Update (Equities) The Nigerian Equities market continued its positive streak, as it posted a 0.27% gain to 104,562.06 points in today’s trading session. This is following gains in MTNN, TRANSCORP, ACCESSCORP and LAFARGE offsetting losses in STANBIC, DANSUGAR, FCMB and OANDO. Consequently, the market’s year-to-date (YtD) returns increased to 39.84% from yesterday’s 39.47% […]
