Weekly Commentary and Stock Recommendation: 22nd April – 26th April 2024
Global Economy Earlier this week, S&P Global released flash Purchasing Manager Index (PMI) reports for both the UK and US. The headline S&P Global Flash US PMI Composite Output Index dropped to 50.9 points in April 2024 from 52.1 points in March 2024. The S&P Global Flash US Manufacturing PMI, which considers a wide range […]
Daily Market Update | 26-04-2024
Daily Market Update (Equities) The Nigerian equities market edged slightly higher today. The All-Share Index (ASI) rose a modest 0.01% to close at 98,176.76 points. This minor gain pushed the year-to-date (YTD) return to 31.30%, up from 31.29% yesterday. Driving the modest gain were stocks like FBNH, STANBIC, and ACCESSCORP, which counterbalanced losses in ZENITH, […]
