Weekly Commentary and Stock Recommendation: 1st July – 5th July 2024
Global Economy A private Purchasing Manager Index (PMI) survey released earlier this week stated that the Caixin/S&P Global manufacturing PMI increased to 51.8 in June 2024 from 51.7 in May 2024, which was the quickest clip since May 2021. For eight months running, the index—which primarily includes smaller, export-focused businesses—has been above the 50-point threshold […]
Daily Market Update | 05-07-2024
Daily Market Update (Equities) Today, the Nigerian equities market extended its negative trend as the NGX All Share Index fell by 0.04% to close at 100,022.03 points. As a result, the year-to-date (YtD) market return declined to 33.77%, compared to 33.82% yesterday. This negative performance was driven by losses in FBNH, ACCESSCORP and JBERGER offsetting […]
